Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

QUANTFURY

Bahamas|2-5 years|
Retail Forex License|Global Business|Medium potential risk|Offshore Regulated|

https://quantfury.com/

Website

Rating Index

Influence

Influence

A

Influence index NO.1

Spain 8.43

Surpassed 47.58% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

ali.pourdad@quantfury.com
https://quantfury.com/
Bayside Executive Park, No. 3, West Bay Street & Blake Road, Nassau, Bahamas
https://twitter.com/quantfury
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

Quantfury Trading Limited

Company Abbreviation

QUANTFURY

Platform registered country and region

Bahamas

Company website
Twitter
YouTube

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 3
Previous Detection : 2024-05-30
  • The Bahamas SCB regulation with license number: SIA-F204 is an offshore regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Users who viewed QUANTFURY also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

STARTRADER

8.54
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

ZFX

7.44
Score
5-10 yearsRegulated in United KingdomStraight Through Processing(STP)MT4 Full License
Official website

HFM

8.25
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4 Full License
Official website
Pyramid scheme complaint
Expose

QUANTFURY · Company Summary

Aspect Information
Registered Country Bahamas
Founded Year 2-5 years
Company Name Quantfury Trading Limited
Regulation Regulated in Bahamas with Retail Forex License
Minimum Deposit Bitcoin equivalent of $100
Maximum Leverage 1:20
Spreads Not specified
Trading Platforms Smartphone trading app
Tradable Assets Stocks, crypto pairs, ETFs, index futures, commodity futures, currency pairs
Account Types Not specified
Demo Account Not specified
Islamic Account Not specified
Customer Support Live chat, email, social media, Help Center
Payment Methods Cryptocurrency funding, wire transfer, cryptocurrency transfer, bank card purchase
Educational Tools Quantfury Daily Gazette

General Information

QUANTFURY is an offshore regulated broker based in the Bahamas, catering to traders interested in a diverse range of market instruments. They offer an extensive selection of trading options, including stocks, crypto pairs, ETFs, index futures, commodity futures, and currency pairs. Traders can take advantage of potential opportunities in these markets to make informed trading decisions.

One of the key features of QUANTFURY is their smartphone trading app, which allows users to trade on the go. The app offers commission-free trading, meaning users are not charged any fees for executing trades. This can be appealing to traders looking to minimize their transaction costs and maximize their potential profits.

In terms of trading tools, QUANTFURY provides users with charts, volume indicators, and a highlighter tool to aid in their analysis. These tools can assist traders in understanding market trends, gauging asset liquidity, and making more informed trading decisions. However, it's important to note that the broker has received negative reviews on WikiFX, raising concerns about hidden fees, delays, slippage, account lockouts, and the removal of profits. These reviews highlight potential issues that traders should consider before engaging with QUANTFURY.

basic-info

Is QUANTFURY Legit?

Quantfury Trading Limited is regulated by the Securities Commission of The Bahamas (SCB) with a retail forex license. The license number associated with Quantfury is SIA-F204. The company is a licensed institution under the offshore regulatory jurisdiction of The Bahamas.

It's important to note that Quantfury is an offshore regulated entity, which means it operates under different regulations compared to brokers regulated by onshore financial authorities. Offshore regulations may have different requirements and levels of investor protection.

The licensed institution, Quantfury Trading Limited, is located at Bayside Executive Park, No. 3, West Bay Street & Blake Road, Nassau, Bahamas. Unfortunately, the provided information does not include the phone number of the licensed institution.

The website of Quantfury Trading Limited is https://quantfury.com/. However, it's worth mentioning that the information provided indicates that the broker does not currently have a trading software. It's advisable to verify this information and consider the associated risks before engaging in any transactions or investments.

regulation

Pros and Cons

QUANTFURY offers a range of investment choices and access to global markets, allowing for diversification across asset classes. The broker provides a commission-free trading app for smartphones, along with various deposit methods and support for multiple cryptocurrencies. However, there are concerns regarding the volatility and market risk associated with some instruments. The trading platform has limited features, research tools, and educational resources. Customer support is also limited, and there is limited information available on withdrawal fees and processes. Additionally, there is no specific information on advanced technical analysis features and device compatibility, and the depth of educational topics is limited.

Pros Cons
Diversification across asset classes Volatility in some market instruments
Various investment choices Market risk and fluctuations
Access to global investment markets Limited availability of features
Commission-free trading on the smartphone app Limited research and analysis tools
Wide range of cryptocurrencies supported for deposits Limited educational resources
Various deposit methods available, including wire transfer Limited customization options on the trading platform
Limited information provided on withdrawal fees and process

Market Instruments

Quantfury offers a wide range of market instruments for trading. Traders on the platform have access to 1515 individual stocks, 46 different crypto pairs, allowing users to participate in the growing cryptocurrency market.

Stocks:

Quantfury enables users to go long on stocks they believe will increase in value and short stocks they anticipate will decline. This allows users to potentially profit from both rising and falling stock prices.

Crypto Pairs:

With 46 available crypto pairs, users can navigate the dynamic and 24/7 cryptocurrency markets. This offers opportunities for trading and investment in different cryptocurrency pairs.

ETFs:

Quantfury provides exposure to ETFs, which allow users to manage risks by gaining exposure to multiple stocks within a single investment. This diversification can help users mitigate the impact of individual stock performance.

Index Futures:

Users can speculate on global market movements through index futures. These instruments enable users to take positions on the performance of various market indices, such as the S&P 500 or the FTSE 100.

Commodity Futures:

Quantfury allows users to identify opportunities in the global trade of commodities. Commodity futures enable users to speculate on the price movements of commodities like gold, oil, or agricultural products.

Currency Pairs:

Quantfury facilitates participation in the global marketplace for exchanging national currencies. Users can take part in currency pairs, allowing them to speculate on the relative value of different currencies and potentially benefit from foreign exchange fluctuations.

market-instruments
Pros Cons
Diversification across asset classes Volatility in some market instruments
Various investment choices Market risk and fluctuations
Access to global investment markets Complexity in understanding instruments

Account Types

AccuIndex offers a variety of account types to cater to the diverse needs of traders. Each account type comes with its own set of features, requirements, and benefits.

STANDARD:

The Standard account type offered by AccuIndex requires a minimum deposit of $100. It provides a spread starting from 1.4 pips, with no commission charges. Traders can leverage their positions up to 1:400. The account allows swap-free trading for a period of 10 days. The trading platforms available for this account type are MT5 and MT4. AccuIndex offers promotions for the Standard account type, and it provides access to over 300 trading instruments in various markets. The account currency is USD. The stop-out level is set at 20%, and negative balance protection is offered. Traders can also use Expert Advisors (EA) with this account type.

PRO:

AccuIndex's PRO account type requires a higher minimum deposit of $1,000. It offers a lower spread starting from 0.8 pips, with no commission charges. The leverage available for this account type is also 1:400. Similar to the Standard account, the PRO account provides a swap-free trading period of 10 days. The trading platforms available are MT5 and MT4. However, no promotions are offered specifically for the PRO account. Traders using this account type have access to over 300 trading instruments across different markets. The account currency is USD. The stop-out level is set at 30%, and negative balance protection is provided. Traders can utilize Expert Advisors (EA) with this account type.

RAW:

The Raw account type offered by AccuIndex requires a higher minimum deposit of $3,000. It provides traders with the advantage of very low spreads, starting from as low as 0.0 pips. However, there is a commission charge of $2.5 per side. The leverage available is 1:400. Unlike the previous account types, the Raw account does not offer swap-free trading. The trading platforms available are MT5 and MT4. No promotions are offered specifically for the Raw account. Traders have access to over 300 trading instruments across various markets. The account currency is USD. The stop-out level for this account type is set at 50%. Unlike the other account types, there is no negative balance protection offered, and Expert Advisors (EA) cannot be used with the Raw account.

account-types

How to open an account?

To open an account with Quantfury, you can follow these general steps:

1. Visit the Quantfury website: Go to the official Quantfury website using a web browser. Sign up: Look for the “Sign Up” or “Register” button on the website and click on it. You will be directed to the account registration page.

open-account

2. Secondly, you will need to provide your phone number as part of the registration. After entering your phone number, you will typically receive a verification code via SMS. To proceed with the account setup, enter the verification code received on your phone into the designated field on the registration page. This step helps confirm that the phone number provided belongs to you and allows Quantfury to enhance the security of your account.

open-account

3. Provide personal information: Fill out the required fields on the registration form, which typically include your name, email address, and password. Make sure to provide accurate information.

4. Agree to terms and conditions: Read through the terms and conditions of Quantfury and agree with them by checking the appropriate box or clicking on the provided button.

5. Fund your account: After completing the account setup, you can proceed to fund your Quantfury account. Follow the instructions provided on the platform to deposit funds using the available payment methods.

6. Start trading: Once your account is funded, you can explore the trading features and start trading the available market instruments on Quantfury.

Leverage

The maximum leverage offered by this broker is capped at 1:20, which is conservative. However, since margin trading is full of risks, it is important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

Spreads & Commissions

Quantfury claims that it operates on a pricing model where clients can trade at real-time spot prices of global and cryptocurrency exchanges. However, no clear information on spreads and commissions is presented.

Trading Platform Available

Quantfury offers a smartphone trading app that enables users to trade a wide range of financial instruments, including cryptocurrencies, fiat pairs, equities, and futures. The app stands out by providing commission-free trading, meaning users are not charged any fees for executing trades.

Pros Cons
Commission-free trading Limited availability of features
Wide range of financial instruments Limited research and analysis tools
User-friendly smartphone app Limited educational resources
No fees for executing trades Limited customization options
Access to U.S. and European exchanges Limited customer support

Trading Tools

Quantfury provides a range of trading tools to help users analyze and make informed trading or investment decisions. These tools are available in the Instrument View and include charts, volume indicators, highlighter tool, and order book (for cryptocurrency pairs).

Charts: Quantfury offers two types of charts - Line Chart and Candlestick Chart. The Line Chart displays the 5-minute closing prices for the previous 20 hours, with a horizontal line representing the previous day's closing price. The Candlestick Chart provides detailed information about the asset's price during a specific time period, including the open, close, high, and low prices.

Volume Indicator: Users can access the volume indicator symbol, located next to the candlestick symbol, which provides shading on the chart to represent the trading volume of the asset. By activating the chart highlighter, users can see the specific quantity that was traded at a particular time.

Highlighter Tool: The highlighter tool allows users to toggle it on or off or activate it by tapping and holding anywhere on the chart. Once activated, users can drag the highlighter to a specific time period to view the asset details at that point, including the volume (if the volume indicator is turned on). The displayed information varies depending on the chart view:

  • Line Chart: Closing price for the selected time period, price change since the previous close, and percentage change since the previous close.

  • Candlestick Chart: Open price, close price, highest price, and lowest price.

Time Intervals: Users have the flexibility to select the time interval for the charts. The available options include 5 minutes (default), 15 minutes, 1 hour, 4 hours, or 1 day. The corresponding time period covered by the chart is displayed above the time interval options.

Pros and Cons

Pros Cons
Provides two chart types for different analysis Limited information on the trading software
Volume indicator helps gauge asset liquidity No specific information on the availability of tools
Highlighter tool enables focused analysis No mention of advanced technical analysis features
Time interval selection offers flexibility Limited information on compatibility with devices
Real-time order book for cryptocurrency pairs

Deposit & Withdrawal

Quantfury offers multiple methods for depositing and withdrawing funds. Users have the flexibility to choose from various options based on their preferences. The available methods are as follows:

  1. Cryptocurrency Funding: Quantfury allows users to fund their spot wallet with 11 different cryptocurrencies. These cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dash (DASH), Dai (DAI), Tether (Erc-20 and Solana), USD Coin (USDC), TrueUSD (TUSD), Chainlink (LINK), and Solana (SOL). This provides users with a wide range of choices and flexibility when it comes to depositing and withdrawing funds.

  2. Wire Transfer: Users can also deposit funds into their Quantfury spot wallet by initiating a wire transfer in their national currency. This method allows for direct transfer of funds from a bank account to the Quantfury account. It provides an option for users who prefer traditional banking methods.

  3. Cryptocurrency Transfer: Another option for funding the Quantfury spot wallet is by sending cryptocurrency from a third-party wallet. Users can transfer their preferred cryptocurrency from their external wallet to their Quantfury account. This method is for those who already hold cryptocurrencies in other wallets.

  4. Bank Card Purchase: Quantfury enables users to buy cryptocurrency directly with their bank cards. This feature allows for a seamless and quick process of converting fiat currency into cryptocurrency, which can then be deposited into the Quantfury spot wallet.

Pros and Cons

Pros Cons
Wide range of cryptocurrencies supported for deposits Limited information provided on withdrawal fees
Various deposit methods available, including wire transfer Limited information provided on withdrawal process
Option to buy cryptocurrencies with a bank card Limited information on withdrawal processing time

Customer Service

Quantfury provides customer support options to assist clients with their inquiries and concerns. Clients can reach out to the broker's customer support team through several channels, including online chat and email. This allows for direct communication with the support staff, enabling prompt assistance and resolution of any issues that may arise.

In addition to traditional communication methods, Quantfury maintains a presence on several social media platforms, such as Facebook, Twitter, LinkedIn, and others. This provides an alternative means for clients to connect with the broker and receive support or stay updated on the latest news and announcements.

Quantfury also offers a comprehensive “HELP CENTER” that covers a wide range of topics and frequently asked questions. This resource serves as a self-help tool for clients, enabling them to find answers to common queries and gain a better understanding of the platform's features and functionalities.

customer-support
customer-support

Educational Resources

The Quantfury Daily Gazette is an educational resource provided by Quantfury, covering a wide range of topics that are of interest to Quantfurians. It is a financial markets and lifestyle blog that publishes content every day, including blogs, videos, podcasts, and more. The Gazette aims to keep users informed about the latest news and trends in various fields.

The Gazette offers a diverse range of categories to cater to different interests. These categories include technology, sports, finance, health, entertainment, fashion, environment, and travel. This ensures that users can find content that aligns with their specific areas of interest and stay updated on the latest developments in those fields.

Some of the recent articles published in the Gazette include “Steel dynamics war for steel,” which discusses the competitive landscape of the steel industry, “The rise of the solar industry,” which highlights the growth and potential of the solar energy sector, and “Nike: beyond Phil Knight to Travis Knight?” which explores the transition of leadership within the Nike company.

educational-resources
Pros Cons
Provides daily content Limited information on educational resources
Covers a wide range of topics No mention of interactive learning opportunities
Includes various forms of media (blogs, videos, podcasts, etc.) No structured curriculum or courses
Offers insights into financial markets and lifestyle trends Limited depth and analysis of topics

Reviews

Quantfury has received negative reviews on WikiFX regarding hidden fees, delays, slippage, account lockouts, and the removal of profits. Users reported experiencing severe delays of up to 9 seconds for order execution, significant slippage, and hidden fees. Some users claimed that their accounts were locked and their funds were taken while having successful trading streaks. Another user expressed skepticism about the broker's honesty, stating that profits were taken away and the account was closed. These reviews raise concerns about the broker's transparency and trustworthiness.

reviews

Conclusion

In conclusion, Quantfury offers a range of market instruments and a smartphone trading app for users to participate in various markets. The platform is regulated by the Securities Commission of The Bahamas and provides access to global investment markets. However, it's important to note that Quantfury operates under offshore regulations, which may have different requirements and levels of investor protection compared to brokers regulated by onshore financial authorities. Some potential disadvantages include volatility in certain market instruments, market risk and fluctuations, limited availability of features and educational resources, and limited customer support options. Users have also raised concerns about hidden fees, delays, slippage, account lockouts, and the removal of profits, indicating potential issues with transparency and trustworthiness. It's advisable for individuals to thoroughly research and consider the associated risks before engaging in any transactions or investments with Quantfury.

FAQs

Q: Is Quantfury regulated?

A: Yes, Quantfury is regulated by the Securities Commission of The Bahamas (SCB) with a retail forex license.

Q: What market instruments are available on Quantfury?

A: Quantfury offers stocks, crypto pairs, ETFs, index futures, commodity futures, and currency pairs.

Q: How can I open an account with Quantfury?

A: To open an account, visit the Quantfury website, provide your phone number, complete personal information, agree to terms and conditions, fund your account, and start trading.

Q: What leverage does Quantfury offer?

A: Quantfury offers a fixed leverage of 1:20.

Q: What is the minimum deposit requirement for Quantfury?

A: The minimum deposit requirement is based on the Bitcoin equivalent of $100.

Q: What deposit and withdrawal methods are available on Quantfury?

A: Quantfury offers cryptocurrency funding, wire transfer, cryptocurrency transfer, and bank card purchase options.

Q: What trading platforms does Quantfury provide?

A: Quantfury offers a smartphone trading app for commission-free trading of various financial instruments.

Q: What trading tools are available on Quantfury?

A: Quantfury provides charts, volume indicators, highlighter tool, and order book for cryptocurrency pairs as trading tools.

Q: Does Quantfury provide educational resources?

A: Yes, Quantfury offers the Quantfury Daily Gazette, a financial markets and lifestyle blog.

Q: How can I contact Quantfury's customer support?

A: You can contact Quantfury's customer support through live chat, email (ali.pourdad@quantfury.com), and social media platforms.

Q: What are the reviews of Quantfury?

A: Quantfury has received negative reviews on WikiFX, including complaints about hidden fees, delays, slippage, account lockouts, and the removal of profits.

News

Be aware! The App called QTF BROEKR is a suspicious clone and a potential Ponzi scheme.

ExposureBe aware! The App called QTF BROEKR is a suspicious clone and a potential Ponzi scheme.

2023-06-14 18:17

QTF BROKER is a trading app that claims to offer lucrative earning opportunities through mobile applications. However, upon closer inspection, it becomes apparent that this app raises numerous concerns and exhibits characteristics commonly associated with fraudulent schemes. In this article, we will delve into the details surrounding QTF BROKER, highlighting the reasons why it is not a safe platform for online earning.

WikiFX
2023-06-14 18:17
Exposure
Be aware! The App called QTF BROEKR is a suspicious clone and a potential Ponzi scheme.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

9

Comments

Write a review

jhdw
more than one year
An amazing platform with excellent trading experience, but the process of changing phone numbers is painful. After sending an email, I received no response, only to find out after contacting customer service that I needed to provide more detailed information. Now I have sent another email, hoping they will at least reply to help me.
2024-03-22 16:06
Reply
0
0
Yurona
more than one year
Dropping anchor on QUANTFURY's trading platform, I found myself momentarily challenged. A stunning view undeniably soured by the glaring lack of live chat support – a disappointing ghost ship in the digital age. Unexpectedly turbulent waters emerged with whispers of alleged scam exposures, the uncharted territory lacking transparency on several fronts, from trading conditions to details on their trading platforms, and deposit & withdrawal processes. The QUANTFURY sail indeed proved to be an adrenaline-fueled high seas adventure - thrills, spills, and heart-stopping moments - an undeniably unforgettable trading journey.
2023-12-05 16:57
Reply
0
0
Minhs
more than one year
Ventured into the trading seas with QuantFury. The offshored regulation by SCB felt like walking a thin tightrope, but a unique one at that. The trading choices certainly caught my eye - stocks, crypto pairs, to indices and commodity futures... it was a broad horizon. What the absence of commissions felt like the wind pushing the boat along smoothly. But this longstanding trading voyage isn't open to all... alas, residents of USA and Canada are left at port. And the lack of transparency about trading conditions keeps one on their toes. Certainly, the journey with QuantFury does keep one leaning in!
2023-12-04 16:41
Reply
0
0
Luis8329
6-12months
They offer you an account without commissions and promise a performance that seems effective only when you are losing or at the beginning of opening the account. However, upon making profits, trades are suddenly executed in the least favorable part of the order book. When you decide to close manually or through stop-loss, you are charged commissions and the time it takes to open trades increases. I did a test with three accounts. Interestingly, this pattern occurred on the two winning accounts, while the losing account did not experience anything similar, despite trading the same way on all of them. The support team seems to have limited experience as their responses are slow and their attention is the worst I've ever experienced from any company I've worked with. They claim that these problems are attributable to my alleged high frequency trading, which is hard to believe. Do they really expect you to be able to open 200 trades in a second with a single finger? I am willing to provide proof in the form of videos, photos and minute details of all operations in which I have been scammed
2023-08-30 00:55
Reply
0
0
Carlos Meza
more than one year
This is the best platform to invest from Latin America. It has 0 commissions and does not have any hidden charges. The withdrawal is immediate and they have good traging power
2023-07-05 02:50
Reply
0
0
保持微笑31182
more than one year
This is wonderful and very hard to believe. I really appreciate this platform as I thought it was all scams but I found it to be true. I am coming back in a big way to invest in this platform as I believe it will get me out of my incessant financial incapability.
2023-02-22 13:33
Reply
0
0
more than one year
Please, for the safety of your capital, do not approach an unregulated forex broker. It will be like playing with fire to invest with this type of company!
2023-02-14 16:02
Reply
0
0
FX1185568329
more than one year
I see that some people have exposed the fraud of this company... really hateful! I hope these scammers are brought to justice and punished as soon as possible!
2022-12-15 17:27
Reply
0
0
Liz
more than one year
Although some of this company's trading conditions seem safe, like being limited to 1:20 leverage, when it comes to regulatory licenses, I found out that it's not actually regulated by any... probably a scammer.
2022-12-02 17:47
Reply
0
0
4
TOP
Select Country/Region
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com