QF Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-29 13:49

Abstract：QF Markets is a broker registered in the Marshall Islands in 2022. QF Markets provides five types of trading instruments through the MetaTrader 5 platform, with a minimum deposit requirement of $5 and leverage reaching up to 1:2000. In addition, the company does not offer its services to residents of the United States, Canada, Syria, North Korea, and Iran. Most importantly, this broker operates without legitimate regulation and possesses only a cloned license.

QF Markets Review Summary
Founded	2022
Registered Country/Region	Marshall Islands
Regulation	FSCA (Suspicious clone)
Market Instruments	Forex, Commodities, Indices, Cryptocurrencies, Shares
Demo Account	✔
Trading Platform	MT5
Leverage	Up to 1:2000
Spread	From 1.5 pips (Standard account)
Min Deposit	$5
Customer Support	Emaill: support@qfmarkets.com
	Live Chat: 7/24
	Instagram: https://www.instagram.com/qfmarkets_global/
	Physical Address: 59, Agiou Athanasiou, 4102, Limassol
Region Restrictions	US, Canada, Syria, North Korea and Iran

　　QF Markets is a broker registered in the Marshall Islands in 2022. QF Markets provides five types of trading instruments through the MetaTrader 5 platform, with a minimum deposit requirement of $5 and leverage reaching up to 1:2000. In addition, the company does not offer its services to residents of the United States, Canada, Syria, North Korea, and Iran. Most importantly, this broker operates without legitimate regulation and possesses only a cloned license.

Pros and Cons

Pros	Cons
Multiple account types	No info on fees
Comprehensive customer service	Regional restrictions
Multiple trading choices	Suspicious clone FSCA license
Demo accounts
MT5 support

Is QF Markets Legit?

　　QF Markets lacks legal regulation and its license is a suspicious clone. The license, which bears the number 46087 and was issued by the Financial Sector Conduct Authority (FSCA) in South Africa, actually belongs to AFN FINANCIAL SERVICES (PTY) LTD. This does not match the name of QF Markets. Consequently, it is confirmed to be a cloned license, and you should not place your trust in it.

Regulatory Status	Suspicious Clone
Regulated by	Financial Sector Conduct Authority (FSCA)
Licensed Institution	AFN FINANCIAL SERVICES (PTY) LTD
Licensed Type	Financial Service Corporate
Licensed Number	46087

What Can I Trade on QF Markets?

　　QF Markets offers five types of trading instruments, and below is the specific information on each:

　　Forex: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD...

　　Cryptocurrencies: BTCUSD, DASHUSD, ETHUSD, EOSUSD, IOTAUSD...

　　Shares: ALIBABA, AMAZON, APPLE, АT&T, BNK-AMER...

　　Commodities: XAUUSD, XAGUSD, XPTUSD, UKOIL, USOIL...

　　Indices: U30USD, NASUSD, SPXUSD, 100GBP...

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Cryptocurrencies	✔
Stocks	✔
Futures	❌
Bonds	❌
Options	❌

Account Type/Fees

　　QF Markets offers four types of accounts: Cent, Standard, Premium, and Raw Spread, each with varying minimum deposits ranging from $ 5 to $500. Additionally, the Cent, Standard, and Premium accounts include a swap-free Islamic account option, while the Raw Spread account does not.

Account Type	Cent Account	Standard	Premium	Raw Spread
Min Deposit	USD 5	USD 5	USD 250	USD 500
Max Leverage	1:2000	1:2000	1:2000	1:2000
Spread	From 1.8 pips	From 1.5 pips	From 1 pip	From 0 pips
Swap-free Islamic Account Option	✔	✔	✔	❌
0% Fees on Deposits & Withdrawals	❌	✔	✔	✔

Leverage

　　QF Markets offers dynamic leverage based on the trading tool types and trading lots chosen, with a maximum leverage that can reach up to 1:2000. This extremely high leverage level entails significant risks, and you should exercise caution as the broker lacks legal regulation.

Trading platform

　　QF Markets supports trading through the MetaTrader 5 (MT5) platform, which offers advanced trading robots and real-time copying of trading signals, making it a great option for sophisticated automated trading. In addition to desktop, mobile phone, and Pad versions, the platform is also accessible via the web.

Trading Platform	Supported	Available Devices	Suitable for
MT4	❌	/	Beginners
MT5	✔	Computer, phone and Pad	Experienced traders
cTrader	❌	/	Experienced traders

Deposit and Withdrawal

　　QF Markets supports deposits through LetKnow, Help2Pay, Local Payments Solutions, and other preferential methods. However, the withdrawal method is not specifically mentioned. It is worth noting that the broker does not charge any fees for deposits and withdrawals, except for the Cent account.