Table of contents:
- 1 About QTrade
- 2 Which trading platforms are available at QTrade?
- 3 Account models with QTrade
- 4 Which payment methods are offered at QTrade?
- 5 How are the trading conditions at QTrade composed?
- 6 Conclusion
QTrade user-ratings $ 1000
Asset varierity - 10/10
Trading platform - 8.5/10
Support - 10/10
Fees - 7.5/10
Deposit/Withdrawal - 10/10
Facts about the company:
- Type: Forex and CFD Broker
- Regulation: BaFin (DE), FCA (UK)
- Minimum deposit: 1,000 Euros
- Demo account: free
- Markets: 500+ Forex, CFD’s, commodities, indices, shares
- Free demo account for 30 days
- Regulated by German and British institutions
- Associated with Activtrades, another renowned online broker
- Variety of education options
- Different trading possibilities
- High minimum deposit
- Material only available in German
This article is about the online broker QTrade, which has its headquarters in Germany (Munich). As a so-called Introducing Broker, QTrade works for the company ActivTrades PLC. This company is a British Online Broker with headquarters in London. Accordingly, the account management is also carried out by ActivTrades, whereas QTrade is responsible for the actual client support.
Deposit protection and regulation of QTrade
Before the services and offers of the Online Broker are discussed in more detail, a brief look at the regulation and deposit protection of QTrade should be taken first. As a German online broker QTrade is also regulated by the responsible German Federal Financial Supervisory Authority (BaFin). In the course of this, the provider has to ensure that the customer funds are kept separate from the company capital and are thus protected in case of insolvency.
In addition, QTrade GmbH is also assigned to the Entschädigungseinrichtung der Wertpapierhandelsunternehmen (EdW) in Berlin. This is intended to protect the capital of small investors in particular by securing 90 percent of outstanding claims (maximum 20,000€).
Since the company works together with the British company ActivTrades, QTrade is also regulated by the British Financial Supervisory Authority FCA (Financial Conduct Authority). In addition, the deposit insurance of the FSCS (Financial Services Compensations Scheme) in London, which protects customer funds of up to 85,000 GBP per customer, also applies here.
|German Regulation||British Regulation|
|BaFin (Federal Financial Supervisory Authority)||FCA (Financial Conduct Authority)|
Awards and press reports about the Online Broker
In the past years QTrade could achieve some positive press reports and awards. On the valuation site broker-bewertungen.de the average satisfaction with over 50 valuations is more than 90 percent. In addition, the online broker was awarded the grade “very good” in the field of customer service by “Euro am Sonntag” and the German credit institute in 2016.
On the website of QTrade, you can also find a section with some press articles about the Online Broker. Apart from that, the number of already achieved awards or other headlines is relatively small.
Which tradable instruments does QTrade offer?
At this point, the tradable instruments which are offered by QTrade are to be examined more closely. The choice of products always plays a decisive role in an online broker. The own preferred tradable instruments should therefore always be compared with the offer of the present provider.
In principle two groups of products can be traded at QTrade: While the first offer encloses the trade with foreign exchange, the second allows the trade with different CFDs. In the following, the trading offer of the online broker will be presented in more detail.
CFD trading is particularly popular among a large number of traders. Basically, customers can trade the following CFD types at QTrade:
This includes, for example, the underlying DAX Future, SP 500 Future, DOW Jones Future, or TecDAX, which can be traded as CFDs.
In the raw material CFDs sector, for example, the base values crude oil (WTI) and copper are available, but also other agricultural raw materials and soft goods such as cocoa or coffee.
Equity CFDs and ETF CFDs
The list of available equity CFDs and ETF CFDs is also extensive. In addition to German shares (DAX 30), traders have a wide range of other international shares and ETFs at their disposal. A list of all securities can be viewed at any time on the QTrade website.
And also for all investors and traders, who are mainly interested in trading with foreign exchange, QTrade has a corresponding service offer. With a trading volume of about 5 trillion US dollars every day, trading in the Forex market has the highest liquidity of all financial markets. Trading is possible 24 hours a day and five days a week.
In addition to the classic main currency pairs such as EUR/USD, customers can also trade a number of interesting secondary currencies and exotic currencies via this provider. With around 50 different currency pairs, the offer is clearly structured.
In the forex trading section, the online broker has also listed the precious metals gold and silver, which can also be traded with this provider.
Which trading platforms are available at QTrade?
After the tradable instruments of the Online Broker were shown before, the trading platforms which QTrade provides for trading are now to be examined more closely. Basically, the provider offers its customers MetaTrader 4 and the successor version MetaTrader 5, which are among the most popular platforms in the world.
With MetaTrader 4, traders can trade indices, forex, interest rates, and commodities with real-time charts and real-time quotes. All markets within a single account can be viewed at any time. Also, helpful tools like One-Click-Orders or professional news from DowJones Newswires are available in MetaTrader 4. The trading platform also provides its clients with a variety of pre-programmed indicators that can be used to improve technical analysis. However, other external indicators can also be integrated into the software.
For traders who travel a lot, there is also a mobile version to trade from anywhere and at any time.
The further development of MetaTrader 4 is MetaTrader 5, a trading platform that provides access to 30 additional indicators. And also the programming possibilities of the software have been further developed and in the course of this, the software has been designed more versatile.
In addition to new selectable order variants, the platform also scores with revised position management as well as with a good overview. Furthermore, it is also possible to program complex tools and systems.
The MetaTrader 5 trading platform is therefore particularly recommended for experienced traders who want to benefit from the software’s advanced functions. According to its own statements, the Online Broker currently charges no fees for the use of MetaTrader 4 as well as MetaTrader 5.
Account models with QTrade
In the next step, it should be about the account models, which QTrade offers its customers to choose from. The offerer offers here in principle two alternatives: On the one hand the QTrade Premium Account and on the other hand the QTrade Professional FX Account. The characteristics of the two account types are to be lit up now more near.
QTrade Premium Account
The first account model, which is offered by QTrade, is the premium account. According to the provider, this account type is particularly suitable for CFD future traders and MetaTrader 5 traders. As advantages of the premium account QTrade lists trading with the following instruments:
- “DAX and other indices optionally cash and future CFDs,
- CFDs on futures,
- 500+ shares on MT5″.
The minimum deposit required to use a live account in this case is 1,000€.
In the table below you will also find some additional features of the Premium Account.
|Trade sizes||from 0.01|
|Spread||EUR / USD from 0.5 DAX from 0.8|
|CFDs||Indices, commodities & interest rates (future)|
|Forex||50 forex pairs (STP)|
|Equity CFDs||Free for MetaTrader 5 Eu|
QTrade Professional FX Account
The other alternative with QTrade is the Professional FX account. This accounting model is especially recommended for Forex traders and Dax traders. Clients should primarily be able to profit from these advantages:
- Overnight trading in DAX,
- Optional cash and futures CFDs on indices (with or without expiration and overnight trading),
- Shares on MT4 without fee”.
The minimum deposit for opening a live account is 296 dollars.
Which payment methods are offered at QTrade?
For those who have decided to use the online broker QTrade and want to open a live account, the question of the possible payment methods arises in the course of this.
In principle, the offerer offers in this context a handful of different possibilities to capitalize on the own trading depot:
|Credit card deposit:||Yes|
|Bank transfer payment:||Yes|
|Via Neteller or Skrill||Yes|
|Instant bank transfer deposit||Yes|
Deposit by credit card
While deposits within the European Economic Area are free of charge, a fee of 1.5% of the deposit amount is charged for deposits from outside. Withdrawals are free of charge.
Deposit by bank transfer
The deposits, which are made by bank transfer, are generally free of charge and take 2-3 days to process.
Deposit with Neteller or Skrill
The use of electronic payment services such as Neteller and Skrill can also be used for deposits and withdrawals. However, any fees that may be incurred depending on the respective payment service provider.
Payment via Paypal
With Paypal, the capitalization of the live account is done within 30 minutes.
Deposit by instant bank transfer
Last but not least, the Online Broker also offers the possibility of an instant bank transfer. Here too, the entire process of depositing usually takes no more than 30 minutes. There are no costs involved.
How are the trading conditions at QTrade composed?
Decisive in the search for a suitable online broker is of course always the trading conditions. The Online Broker does not charge any fees for managing the securities account. And there are also no order fees in principle; instead, only the usual market spread must be paid.
Let’s now first take a closer look at the conditions for CFD trading at QTrade. On the website, the online broker gives interested investors information about the respective spreads, percentage margin, the point value per lot as well as the possible leverage of some popular trading instruments.
And also in the Forex area, the trading conditions of some popular foreign currencies can be found.
Here, the spreads also vary depending on the account type selected. A list of all underlying and trading information can also be downloaded from the QTrade website at any time.
The demo account at QTrade
A demo account is not only helpful for beginners in the trading business but also useful for more advanced traders to try out certain trading strategies first without financial risk and to familiarize themselves with the provider.
QTrade also offers such a demo account free of charge for a period of 30 days. With a virtual credit balance of 59,175 dollars, it is then possible to test the range of services of the online broker without financial expenditure. This can be used thereby in the full extent and with genuine trading conditions with the help of the free real-time courses and -charts.
In addition to this, when you register for a demo account, you will receive 3 trading books worth 82 dollars free of charge.
Offers for training and further education at QTRade
In addition to the free e-books on CFDs, foreign exchange and chart technology, QTrade also offers a number of further training opportunities.
Clients can familiarise themselves with the tradable instruments, the trading platforms, and the different order types by using for example the training videos provided by QTrade. In this context, the Online Broker offers, for example, illustrative video material on the MT4 and MT5 trading platforms.
Also, the offered blog at QTrade is designed relatively extensive and offers information about many helpful topics. With more than 100 trading articles by well-known traders such as Dr. Andrea Unger and Sebastian Hell, the blog is very helpful for both beginners and advanced traders.
And last but not least, interested investors have the opportunity to take advantage of platform training by phone or via Teamviewer.
The customer service at QTrade
At this point, the customer service of the Online Broker should be briefly mentioned. With concerns, questions, or problems one can contact the support of QTrade in several ways.
As the first possibility, the online broker offers a contact form on his web page, in which one can forward his contact data and the respective request to the provider.
For fast remedy also a telephone service is available. And the e-mail address provided can also be used to contact the Online Broker.
|Telephone:||+49 ( 0 ) 89-3815368-60|
Overall, previous experiences with the online broker on the Internet are positive. The majority of customers are generally satisfied with the trading offer and the conditions of the provider. Also, the quality of the customer service is mostly positively emphasized, which is considered as competent and reliable. The bottom line is that this is a serious online broker, which is definitely an option for all investors who are looking for a suitable provider.
Most asked questions:
Does QTrade offer a demo account?
Yes, this online broker provides access to a demo account free of charge for a duration of in total 30 days.
How is QTrade regulated?
QTrade is not only regulated by the German Federal Financial Supervisory Authority (BaFin) but also by the British FCA.
What can you trade with QTrade?
The forex online broker gives one the opportunity to trade shares, indices, commodities and CFD’s.
Who does QTrade work for?
Since this company is a so-called introducing broker, it is responsible for the actual customer support of Activtrades, a British online broker.