Quadcode Markets is a relatively new Stock / Forex / Crypto CFD broker, that opened officially in May 2023.
The contact phone number is: +12428247794. Customer support email address is: [email protected]. Official Website is: https://QuadCodeMarkets.com/.
Quadcode Markets Brokers Review
Our review of this new broker called Quadcode Markets shows, that they offer a nice variety of; Stock CFDs (266), Forex CFDs (54), Crypto CFDs (25), Commodity CFDs (9), and Index CFDs (12).
What makes Quadcode a unique broker is their proprietary trading platform. The trading platform is available on mobile, desktop and web-based. They do not offer the MT5 or TradingView trading platform that many CFD brokers offer.
This makes them a popular choice for young new investors who are just getting started trading. The trading platform is quick to learn, and easy to use.
You can trade hundreds of underlying assets including; Major Forex Pairs, Minor Currencies, Crypto, Stocks, and Market Indexes. When trading contracts for difference, you are investing with added leverage of between 30:1 up to 100:1.
The appeal is that you can make large profits quickly, but at the same time the risk is much greater. You will find spreads starting at 0 pips, depending on your account type. We checked the spread on XAU Gold and saw that it was a tight $1.
Many new investors begin their trading career with the brokers at Quadcode Markets. If you are interested in trading, start with a free demo account, signup here.
Quadcode Markets Account Types
All brokers offer you a choice of account types, and at Quadcode Markets you have a few options to choose from. The minimum deposit requirement for their smallest trading account is only $10. The main difference between trading accounts is spreads, assets available, and order types.
When you signup for a new account, you will be able to create a login password. Make sure you store them in a safe place so you don’t forget it.
Also, you will need to verify your identity. Some brokers allow you to start trading without verifying your identity, but this isn’t good. When you want to withdraw you money / profits, it will be a headache if you account is not verified. Smart people take a few minutes, and upload their KYC documents, to save the later headache.
Automated Trading Apps
Thousands of newbie investors got scammed by a trading app they found on a Fake News website. You can read about the complaints in the investors forum.
Quadcode Markets does not offer their investors any automated trading software!
An automated trading app is also known as an Expert Advisor, which are commonly used by professional traders on MT5. If you are interested in using a trading algorithm robot, setup your account here.
Is Quadcode Markets a Licensed Broker?
Yes, depending on your country of residence will determine which government regulator you will fall under.
Quadcode operates under three corporate entities.
- Bahamas: High Tech Invest Ltd is a financial service firm with license number SIA-F219 that is authorized and regulated by the Securities Commission of the Bahamas (SCB). Registered in the Bahamas under Company # 203327B, located at: Sea Sky Lane, Sandyport, Nassau, Bahamas.
- Australia: Quad Code AU Ltd, ACN 131 376 415 t/a Quadcode Markets is an Australian Financial Services Licensee (number 327075) licensed by the Australian Securities & Investments Commission (“ASIC”).
- European Union: IQOption Europe Limited is an investment firm with license no. 247/14 that is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC).
How does a prop trader verify that the CFD broker they are using is legitimate, and not another online investing scam? You must check with your own country’s financial regulatory agency, that the broker has a license. Day traders should only invest with a local broker, that is regulated by the local regulatory agency.
All online brokers, whether they are offering Commodities, Crypto, Stock or Forex CFDs, are required by law to have a license. If your broker is not licensed, then they are an illegal scam. Always confirm that your broker is 100% authorized by the financial regulator.