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Score

1.45 /10
Danger

QuickTrade

South Africa

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

https://www.quicktrade.world

Influence

C

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Score

Regulatory Index0.00

Business Index6.51

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

QuickTrade (Pty) Ltd

Company Abbreviation

QuickTrade

Platform registered country and region

South Africa

Company website

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  • 27766147399

Company summary

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Warning: Low score, please stay away! 3
Previous Detection : 2025-07-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The broker's claimed South AfricaFSCA regulation (Regulation Number: 45262) has not been verified. Please be alert to the risks!

WikiFX Verification

QuickTrade · Company summary
QuickTrade Review Summary
Founded2021
Registered Country/RegionSouth Africa
RegulationSuspected Fake Clone
Market InstrumentsCommodities, Currencies, US Equities, and Indices
Demo AccountNot Mentioned
LeverageNot Mentioned
SpreadStarting from 0 pips
Trading PlatformMT5
Min DepositNot Mentioned
Customer Supporthello@quicktrade.world
+27 82 908 3332

QuickTrade Information

QuickTrade is an online CFD trading platform that offers many tradable assets, mainly including commodities, currencies, U.S. equities, and indices. The platform offers 100% FTD Bonus Trading accounts and Islamic Trading Accounts for clients through MetaTrader 5. However, they do not specify any fees for deposits and withdrawals.

QuickTrade Information

Pros and Cons

Pros Cons
  • Supports Meta Trader 5
  • Suspected Fake Clone
  • Offers two account types
  • Limited information on trading fees
  • Offers multiple assets to trade

Is QuickTrade Legit?

QuickTrade once had a Financial Service Corporate license, but it is now in the state of Suspected Fake Clone.

Regulatory Status Suspected Fake Clone
Regulated by South Africa
Licensed Institution The Financial Sector Conduct Authority (FSCA)
Licensed TypeFinancial Service Corporate
Licensed Number45262
Is QuickTrade Legit?

What Can I Trade on QuickTrade?

QuickTrade offers many tradable assets, mainly including commodities, currencies, U.S. equities, and indices. Although there is no metal trading or bond trading, you still have a good mix of investment options.

Tradable Instruments Supported
Currencies✔
Commodities✔
US Equities✔
Indices✔
Bond❌
Shares❌
Metals❌
What Can I Trade on QuickTrade?

Account Type

QuickTrade offers bonus trading accounts and Islamic trading accounts.

100% FTD Bonus Trading account:

QuickTrade offers a bonus trading account with a 100% deposit bonus for first-time users. This bonus is typically placed in a separate trading account, allowing traders to potentially increase their trading margin. Note that minimum and maximum deposit amounts may apply, and the bonus itself usually cannot be withdrawn.

Account Type

Islamic Trading account

QuickTrade's Islamic Trading Account is designed for clients who follow Islamic principles by not involving swap or interest charges. Instead, the trading process focuses on profit-sharing mechanisms and ethical compliance with Islamic finance principles.

Islamic Trading account

QuickTrade Fees

QuickTrade charges commissions per point for CFD instruments like Brent Crude Oil, Gold, Natural Gas, WTI, Platinum, and Palladium. They also list spreads for similar CFD commodity instruments, including Silver. But the specific number is not mentioned.

QuickTrade Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5✔PC and MobileInvestors of all experience levels
Trading Platform

Deposit and Withdrawal

QuickTrade offers various funding methods, including bank transfers, card payments (Visa, Mastercard), and several online payment processors like Skrill, OPay, Ozow, and others. However, they do not specify any fees for deposits and withdrawals.

Deposit and Withdrawal

News

NewsWIKIFX REPORT: The Financial Market Demo – Become a Better Trader Without Losing a Cent

Demo accounts are offered all over the internet, and customers who visit financial websites are frequently bombarded with offers to open one. Demo account trading can be thought of as a more advanced version of paper trading.

WikiFX
2022-05-23 16:47
WIKIFX REPORT: The Financial Market Demo – Become a Better Trader Without Losing a Cent

NewsWIKIFX REPORT: How to Practice CFD Trading Without Losing Any Money

CFD trading allows you to speculate on the price of a market in the future, going 'long' if you believe it will rise and'short' if you believe it will decrease. This article walks you through the steps of trading CFDs, from opening an account to canceling a position, and includes examples of CFD trades.

WikiFX
2022-05-23 16:40
WIKIFX REPORT: How to Practice CFD Trading Without Losing Any Money

NewsWIKIFX REPORT: The Definitive Guide to Successful Financial Market Trading

Many people still regard trading the financial markets as a complicated ​and risky business, but neither of these assumptions are correct. If you know what you are doing and stick to the very basic rules of dealing then there is no reason at all why you cannot make life-changing amounts of money for as long as you keep trading. If you are ready to take your first big step into the ebbing, follow our article, read, understand and implement the ideas involved.

WikiFX
2022-05-23 14:37
WIKIFX REPORT: The Definitive Guide to Successful Financial Market Trading
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Mim Prachumphan
more than one year
Even though QuickTrade's website seems solid, I tend to look for answers from users...I didn't find many user reviews, let alone good reviews. To be on the safe side I won't trade here.
Even though QuickTrade's website seems solid, I tend to look for answers from users...I didn't find many user reviews, let alone good reviews. To be on the safe side I won't trade here.
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2023-02-22 11:39
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MS1241
more than one year
One of only three fully licensed brokers in South Africa, with the correct ODP and FSCA licensing. They have online and WhatsApp support. Also the only broker I've ever dealt with where the CEO has weekly Q&A Zoom sessions with his clients. They have their own licensed MT5 software platform although I prefer Trading View for analysis. They offer signals, up to 3 a day, although to be honest they are not always winners. And the spreads on indices are not fantastic. But overall, best I've used.
One of only three fully licensed brokers in South Africa, with the correct ODP and FSCA licensing. They have online and WhatsApp support. Also the only broker I've ever dealt with where the CEO has weekly Q&A Zoom sessions with his clients. They have their own licensed MT5 software platform although I prefer Trading View for analysis. They offer signals, up to 3 a day, although to be honest they are not always winners. And the spreads on indices are not fantastic. But overall, best I've used.
Translate to English
2023-01-28 01:55
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