Qorva Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-11 14:01

Abstract：Founded in 2023 and with its headquarters in Comoros, Qorva Markets provides Forex trading to international investors. The platform fits both new and seasoned traders with several account kinds and leverage up to 1:500. The lack of control, though, increases trading risks.

Qorva Markets Review Summary
Founded	2023
Registered Country/Region	Comoros
Regulation	Unregulated
Market Instruments	Primarily Forex
Demo Account	/
Leverage	Up to 1:500
Spread	Starts from 0 pips
Trading Platform	Web Trading Platform, Mobile App
Min Deposit	None
Customer Support	+971-50-8596-279
	info@qorvamarkets.com
	Online chat
	Physical Address: Office #210, Al-Nasar Sports Club, Dubai, UAE

Qorva Markets Information

　　Founded in 2023 and with its headquarters in Comoros, Qorva Markets provides Forex trading to international investors. The platform fits both new and seasoned traders with several account kinds and leverage up to 1:500. The lack of control, though, increases trading risks.

Pros and Cons

Pros	Cons
High leverage of up to 1:500	Unregulated
No minimum deposit requirements	Limited to Forex trading
No deposit or withdrawal fees	No Demo or Islamic accounts

Is Qorva Markets Legit?

　　Qorva Markets is an unlicensed broker in Comoros. It is neither licensed or regulated by the FCA (Financial Conduct Authority) in the UK, ASIC (Australian Securities and Investments Commission), or other recognised financial regulatory entities. Lack of regulation raises worries about broker transparency and security.

　　Hosting Concepts B.V. registered qorvamarkets.com on December 13, 2023, according to WHOIS. Domain expires December 13, 2026, and was last updated the same day as registration.

What Can I Trade on Qorva Markets?

　　Qorva Markets primarily focuses on Forex trading.

Account Types

　　Qorva Markets offers three live trading accounts. Theres no mention of Demo or Islamic accounts.

Account Type	Leverage	Commission	Min Deposit	Spread
Standard	Up to 1:500	None	None	Fixed from 3 pips
Raw	Up to 1:100	$6/lot	None	Fixed from 0 pips
STP Pro	Up to 1:300	None	None	Tight Spreads

Leverage

　　Using leverage up to 1:500, Qorva Markets allows traders to control bigger positions using less funds.

Qorva Markets Fees

　　Qorva Markets' trading fees are attractive compared to industry standards. The broker offers tight spreads, with differences depending on the account type.

　　Standard Account: No commission; spreads start from 3 pip.

　　Raw Account: $6 per lot commission; spreads start from 0 pips.

　　STP Pro Account: No commission; tight spreads.

Non-Trading Fees

Non-trading Fees
Deposit Fee	Free
Withdrawal Fee	Free (Bank fees may apply)
Inactivity Fee	None

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for what kind of traders
Web Trading Platform	✔	Web	Traders who prefer browser-based trading
Mobile App	✔	iOS, Android	Traders seeking on-the-go trading accessibility