Individuals use brokerage platforms to achieve their short- and long-term financial goals. Choosing a broker might be challenging due to the extensive range of options. Even though many brokers now offer their services for free for the most regularly traded assets, investors will still find considerable disparities in the platform's usability, trading technology, account features, and so on. We've accomplished most of the legwork for you so that you don't have to. To find the top trading platforms in the business, we put these U.S.-based brokers through a thorough assessment process that included hands-on research.
This article will focus on quicktrade broker review, a forex broker based in South Africa. Before we start, you should comprehend that there is very little information on QuickTrade's services available on their website. As a result, you may still have questions after reading this report.
Trading costs: –
Additionally, there is no mention of fees; we can infer that none are charged based on the spreads. The spreads are recorded (and will be discussed later in this analysis). For overnight positions, you'll have to pay or be charged for swap costs, which can be viewed in the MetaTrader 5 trading platform once you log in.
Indicators in MetaTrader 5: –
The built-in Market of trading robots, the Freelance database of strategy developers, Copy Trading, and the Virtual Hosting service are all included in MetaTrader 5. (Forex VPS). Connect to fresh trade opportunities by using these services in one spot. A desktop download, an app for iOS and Android, and even an option to trade from your browser are just some of how MetaTrader 5 is accessible.
Spreads: –
Floating (variable) spreads begin at 1.2 pips and fluctuate with market conditions as per quicktrade broker review. The spreads will rise somewhat if the Market is turbulent, but they will never go below 1.2 pips. The fact that some assets, by definition, have higher spreads than others (1.2 pips or even over 2 pips) should be noted as well. This is a standard practice among all brokers.
Usability: –
The quick trade broker review on-boarding procedure has become more streamlined in recent years. Open an account even if you don't intend to use it straight away (you have 90 days to do so). Client Portal and IBot, an AI-powered digital assistant, can help you locate what you're looking for on the website.
Desktop, web, and mobile trading platforms (IBKR Mobile) are supported by quicktrade Brokers, which may be used on Android and iOS devices. There is almost no contrast in functionality between this app and the web platform. However, TWS, the company's primary trading platform, is far more powerful.
The same asset types are available on any platform. Exposure to real-time streaming information, graphing, and drawing tools, as well as analysis and media, is available on all devices. Benzinga, Dow Jones, Morningstar, Seeking Alpha, Thomson Reuters, Refinitiv, and in-house commentary are just some of the sources for news. For a monthly price, you can get access to premium news content. The watchlists you make on your mobile device are also accessible on the web and your desktop computer.
Conclusion: –
We can't recommend others as a broker because they only accept South African Rand as a currency, and there is no information on how to deposit or withdraw. This quicktrade broker review, coupled with the fact that we were able to get through to the customer service team, means that we can recommend them at this time.
