Quanta Trade Review: The Dark Side of a Shady Broker Revealed

Quanta Trade Review, When you first come across Quanta Trade, it appears to be a trustworthy company. They claim to be regulated, the registration number leads to the actual register, and they have a good reputation. 

However, if you dig deeper, things start to look less promising. For a comprehensive Quanta Trade review, read on. We’ll provide you with all the relevant information about this broker, presented in an unbiased way. Stay tuned for more! 

Regulation and Safety of Funds at Quanta Trade

Have you ever heard of Quanta Trade? They claim to be owned by Quanta Asset Management Limited, with registration number 04384301. But we did some research and found out that the firm is registered for “other professional and technical activities not elsewhere classified” in the UK’s register of companies. 

We didn’t find any mention of financial services or Forex and CFD trading. This led us to wonder if Quanta Trade is a reliable Forex provider after all. We looked into various license providers like the UK FCA, CONSOB, ASIC, BaFin, CNMV, and more. Unfortunately, we couldn’t find Quanta Trade on any of these registers. This means that investing your funds with Quanta Trade is high-risk and not recommended.

Furthermore, the consumer index for Quanta Trade is low, which only adds to the warning signs. It’s better to seek out a more trustworthy and reliable brokerage.

Please bear in mind that your safety should be your top priority. You must exercise caution when dealing with companies like Quanta Trade, EuropeFX, and other questionable entities.

Quanta Trade – Trading Software

When considering a trading platform, it’s important to understand what you’re getting. Quanta Trade offers a basic WebTrader, but we weren’t able to access it due to a validation error. 

From what we can see on their website, they describe it as a multi-asset institutional platform that’s “intuitive & powerful, anywhere, anytime.” Unfortunately, we can’t provide further comments on the platform without actually being able to use it. In addition to the WebTrader, Quanta Trade also offers a desktop app that you can download for PC or macOS. 

However, we faced the same login issue when trying to use it. It’s important to note that trading conditions with Quanta Trade are unregulated, and they offer a fixed leverage of 1:500. This is much higher than the UK’s strict limit of 1:30 for the FX market and even lower for other assets. This could be a cause for concern and something to consider before using their platform.

Quanta Trade – Account Types

When it comes to choosing a trading account with Quanta Trade, we don’t recommend going for any of their offers. However, if you’re still curious about their account types, they have four different levels: Basic, Advanced, Expert, and Master. Unfortunately, we can’t provide information on the minimum deposit required for each account since Quanta Trade describes it as “custom.” 

This likely means that their employees will evaluate your financial situation and decide how much you can afford to invest. Interestingly, from what we’ve seen, there are no huge differences between these accounts, as they each offer the same perks. Despite this, we still recommend staying cautious before investing with this firm.

Deposit and Withdrawal Options

One of the important aspects of choosing a broker is understanding how you can withdraw your funds. Namely, Quanta Trade doesn’t have a specific withdrawal policy on their website, which makes us unsure about the procedure. The only information we could find on their website states, “You must pay for your order before it is delivered, and you can do so by debit or credit card.” Based on this statement, we assume that the only accepted payment method is through a credit or debit card. 

However, since there’s no actual confirmation, we can’t be sure. The lack of basic withdrawal information on Quanta Trade’s website raises concerns about their intentions. This is something to keep in mind before investing any of your money in them.

Harmful Tactics Employed by Offshore Brokers

The world of investing is not without its dangers, especially when it comes to deceitful brokers. These fraudsters use all kinds of tactics to lure people in, often by making bold promises of large profits. However, falling for their schemes can lead to disastrous consequences. They will push you to make investments and phony trades, all in an attempt to swindle you out of your money. Once they have made a quick profit, they will vanish into thin air.

Offshore brokers, in particular, are notorious for their unscrupulous practices. They may even claim to be licensed by respected authorities to appear credible. But this is not always the case, and it’s crucial to do your due diligence before investing. Take the time to read reviews and ratings and seek advice from real financial advisors.

It’s worth noting that some unregulated firms, such as AMarkets and Bitech Max, have a history of defrauding their clients. These companies may attempt to appear legitimate, but their deceitful tactics should serve as a warning to potential investors.

Also, you may come across individuals or companies offering systems such as signal sellers or robot trading. Yet, beware, some of these products may not have been tested and may not produce profitable results. Never fall for empty promises of quick riches, and be cautious of any claims that seem too good to be true.

Final Verdict

Quanta Trade appears to be a trustworthy company at first glance, but after further investigation, it seems less promising. The firm’s registration in the UK’s Register of Companies leads us to question its reliability. They are not regulated by any respected authorities, making it high-risk to invest with them. 

The platform they offer, WebTrader, is basic, and there is no information on their withdrawal policy, which raises many concerns. It’s crucial to be cautious when investing with unregulated offshore brokers like Quanta Trade or GoDoFX. Instead, seek out more reliable forex brokers with a superb reputation.

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