QF Markets

Overview of QF Markets

QF Markets is a Forex & CFD Broker, registered in Marshall Islands, offering various financial instruments to traders. With a range of account types, traders can access the forex, shares, commodities, cryptocurrencies, indices, and more through the MetaTrader 5 (MT5) trading platform. However, its lack of regulation may pose risks to traders, requiring careful consideration before engaging in trading activities.

Is QF Markets Legit？

QF Markets is not regulated, signifying that it operates without oversight from established financial regulatory authorities. The broker is purportedly licensed, but the validity of this license is questionable, leading to suspicions of it being a clone or operating without proper authorization.

Pros and Cons

QF Markets offers traders a diverse range of trading instruments and multiple account types, providing flexibility and catering to varying trading needs. Additionally, the utilization of the popular MetaTrader 5 platform enhances accessibility and familiarity for traders. However, the lack of regulatory oversight raises concerns about transparency and investor protection. Moreover, the limited customer support options, primarily through email, may hinder efficient resolution of queries or issues. Furthermore, the absence of educational resources and unclear company policies and procedures may pose challenges for traders seeking comprehensive guidance and information. Overall, while QF Markets offers opportunities for trading, traders should approach with caution due to the lack of regulatory supervision and limited support resources.

Trading Instruments

QF Markets offers four classes of trading instruments, includingForex currencies, Commodities, Stock Indices and Equity Shares.

Account Types

1. Cent Account: QF Markets offers three tiered trading accounts, with the Cent Account being one of them. This account type requires a minimum deposit of USD 5 and boasts a spread as low as 1.8 pips. Traders can leverage up to 1:2000 and have the flexibility of opening an unlimited number of positions. Additionally, all trading strategies are allowed on this account, and there is an option for a Swap-free Islamic Account.

2. Standard Account: QF Markets presents a range of account types to cater to diverse trading needs, including the Standard Account. With a low minimum deposit requirement of USD 5, this account offers a competitive spread starting from just 1.5 pips. Traders can leverage up to 1:2000 and have the freedom to open an unlimited number of positions. All trading strategies are permitted on the Standard Account, and traders also have the option to opt for a Swap-free Islamic Account if needed. To enhance user experience, the broker provides a customer-friendly policy of 0% fees on both deposits and withdrawals.

3. Premium Account: QF Markets enriches its offerings with the Premium Account, designed to meet the needs of more advanced traders. Requiring a minimum deposit of USD 250, this account boasts an incredibly low spread starting at just 1 pip, enhancing trading efficiency. With a generous leverage of up to 1:2000 and the ability to open an unlimited number of positions, traders have ample room for strategic maneuvering. The Premium Account supports all trading strategies and offers the option for a Swap-free Islamic Account.

4. Raw Spread Account: QF Markets presents the Raw Account as a top-tier option tailored for experienced and high-volume traders. Requiring a minimum deposit of USD 500, this account offers traders access to ultra-competitive spreads that can go as low as 0 pips, ideal for those seeking direct market access and minimal trading costs. With a hefty leverage of up to 1:2000 and the freedom to open an unlimited number of positions, traders have the flexibility to execute their trading strategies effectively. The Raw Account supports all trading strategies, giving traders the freedom to implement their preferred methods. Moreover, the broker stands out by implementing a customer-friendly policy of 0% fees on both deposits and withdrawals, providing a cost-effective trading environment for clients.

How to open an account with QF Markets

Steps to Open an Account with QF Markets:

1. Visit QF Markets Website: Go to the official QF Markets website to begin the account opening process.

1. Choose Account Type: Select the account type that suits your trading needs, such as Cent, Standard, Premium, Raw Spread, or Islamic account.

2. Complete Registration Form: Fill out the registration form with your personal details, including name, email, and contact information.

1. Verify Your Identity: Submit the necessary identification documents for verification, which may include a copy of your ID and proof of address.

2. Fund Your Account: Deposit the required minimum amount into your account using one of the available payment methods to start trading with QF Markets.

Leverage

The maximum leverage offered by the trader is 1:2000

Here is a comparison table of maximum leverage offered by different brokers:

Spreads and Commissions

QF Markets offers four trading accounts, each with its own spreads and commissions. Here is an overview of the spreads and commissions for different account types:

Cent Account: Spreads starting from 1.8 pips

Standard Account: Competitive spreads starting from 1.5 pips

Premium Account: Low spreads starting from 1 pip

Raw Spread Account: Offers raw spreads starting from 0 pips

Please note that this broker does not provide details on commissions it charges.

Bonus & Promotions

You can deposit to your trading account through your client area and select “Welcome Bonus”. Bonus will be removed upon any withdrawal, margin call and upon negative balance. Profits made from trades are withdrawable excluding the bonus.

Trading Platforms

QF Markets provide access to the popular MT5 trading platform, which is available across multiple devices, including iOS, Android, and desktops. This advanced platform enables multi-asset trading, including forex, commodities, indices, and cryptocurrencies. It boasts advanced charting tools, technical indicators, and automated trading capabilities through Expert Advisors. Traders can customize the interface and leverage real-time market data, news, and analysis. Robust risk management tools like stop-loss, take-profit orders, position sizing, and money management features are available.

Deposit & Withdraw Methods

QF Markets offers several payment options for clients to make deposits and withdrawals. These include LetKnow, Help2Pay, Local Payments Solutions, and other preferential methods. Notably, the broker imposes no deposit fees, allowing clients to fund their accounts without incurring additional charges. Withdrawals are also fee-free, providing a seamless experience for clients looking to access their funds. By offering a variety of deposit methods and maintaining a fee-free policy for both deposits and withdrawals, QF Markets prioritizes client satisfaction and convenience in managing their trading accounts.

Customer Support

QF Markets provides customer support primarily through email at support@qfmarkets.com. The trader also offers 24/7 customer support and chat forms in addition to email.

Conclusion

In conclusion, QF Markets presents traders with a variety of trading instruments and account types, along with the widely used MetaTrader 5 platform, facilitating flexible and accessible trading opportunities. However, the absence of regulatory oversight poses potential risks, and the limited customer support options may hinder efficient resolution of inquiries. Additionally, the lack of educational resources and unclear company policies may present challenges for traders seeking comprehensive guidance. Traders should exercise caution and conduct thorough research before engaging with QF Markets to mitigate potential risks and ensure a safer trading experience.

FAQs

Q: Is QF Markets regulated？

A: QF Markets is not regulated. Traders should be cautious as trading with an unregulated broker may pose risks due to limited oversight and potential safety concerns.

Q: What trading instruments are offered by QF Markets？

A: QF Markets offers Forex, shares, commodities, cryptocurrencies, and indices as tradable assets.

Q: What are the account types available at QF Markets？

A: QF Markets offers a Cent Account, Standard Account, Premium Account, Raw Spread Account, Islamic account, and Demo accounts to cater to different trading needs.

Q: What is the maximum leverage offered by QF Markets？

A: QF Markets offers a maximum leverage of 1:2000 to traders.

Q: What trading platform does QF Markets use？

A: QF Markets exclusively uses the MetaTrader 5 (MT5) trading platform across all its account types.

Q: How can I contact customer support at QF Markets？

A: Customer support at QF Markets can be reached primarily through email at support@qfmarkets.com. Live chat is also available for immediate assistance.

Q: Is scalping allowed on QF Markets's platform？

A: Yes, scalping is permitted on QF Markets's platform, providing traders with greater flexibility in their trading strategies.

Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.99% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.