What is Qtrade?
Qtrade is a forex and CFD broker based in Saint Vincent and the Grenadines, listed with a foundation year of 2020. It offers leverage up to 1:100, spreads from 0.0 pips and a minimum deposit of $100. Clients trade on MetaTrader4 for android, iOS, and Windows and on mobile.
QTrade is an online trading broker based on MetaTrader4. This is available on both phones and computers. This can be operated using both android and iOS phones. Because it has dedicated software for both android and iOS. This also has dedicated software for Windows computers. MetaTrader4 has the most number of assets and traders along with brokers. This makes MetaTrader 4 better than other trading platforms. Traders are supposed to have the best trading experience with QTrade and MetaTrader4.
QTrade has three types of accounts to serve its clients. Three different accounts are for match client needs and demands according to their choice. Different account needs a different amount of minimum deposit and they provide a different level of spread and leverage. Three different accounts also come with different facilities. Clients can choose which account they want according to their needs.
Standard, Elite, and VIP are these three accounts are titled. The Standard account is for newbie traders. This account requires a minimum $100 deposit and maximum leverage is up to 1:400. Although the spread is not tight. The spread in the standard account starts from 2.4 pips. The Elite account is a big update from the Standard account. This needs a minimum deposit of $5000. This allows the maximum leverage up to 1:500 and it has a tighter spread compared to the Standard account. The spread starts from 1.4 pips. But there is an account which comes with an ultra-tight spread that starts from 0.0 pips. This is the VIP account. This account provides maximum leverage up to 1:555. All these three accounts are swap-free accounts.
Is Qtrade safe and regulated?
Qtrade is regulated by l: Qtrade Limited is incorporated in St. Vincent & the Grenadines as an International Business Company with registration number 25238 IBC 2018. This website is operated by:. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
Qtrade account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $100 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | Yes |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
Qtrade provides MetaTrader4 for android, iOS, and Windows, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.0 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:100 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
Qtrade supports 7 funding methods, including Visa, MasterCard, Bank Transfers, Skrill, Neteller, Fasapay and more. Accounts can be held in 5 base currencies (USD, EUR, GBP, AUD, CAD), which helps you avoid conversion fees.
Qtrade bonus: <p>This broker provides 50% welcome deposit bonus</p>
How the promotion works
The current Qtrade promotion is <p>This broker provides 50% welcome deposit bonus</p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the Qtrade website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
Qtrade pros and cons
Pros
- Raw spreads from 0.0 pips
- Scalping and hedging allowed
- News trading allowed
- Islamic, VIP, Mini and managed accounts
- 7 deposit methods including crypto
Cons
- Only offshore regulation
- No investor compensation scheme
- $100 minimum deposit is higher than some rivals
How to open a Qtrade account
- RegisterVisit the Qtrade website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick Islamic, VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $100 with Visa, MasterCard, Bank Transfers or another method.
- Start tradingLog in to MetaTrader4 for android, iOS, and Windows or the mobile app and set your risk per trade.
Is Qtrade a good broker? Our verdict
Qtrade suits active traders who want raw spreads, freedom to scalp or trade the news, plus a wide choice of payment methods. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.