Quadcode Markets, with its own unique trading platform, sets itself apart from its competitors in Australia to meet the demand of a wide range of clientele. We at Quadcode Markets believe that CFD traders should have access to the tools and resources they need to navigate the markets.
Quadcode Markets Information
Quadcode Markets is a regulated brokerage firm providing a wide range of trading services primarily focused on CFDs. They offer trading on various asset classes including stocks, forex, cryptocurrencies, commodities, ETFs, and indices. The firm operates under stringent regulatory frameworks from ASIC and CySEC, ensuring a secure trading environment. Two pros of Quadcode Markets include their extensive range of CFD offerings and advanced safety measures like negative balance protection. The biggest con is the lack of direct trading in physical stocks, bonds, and options.
Pros and Cons of Quadcode Markets
Quadcode Markets provides extensive trading opportunities through CFDs and is regulated by prominent financial authorities ensuring a secure trading environment. However, the firm does not offer direct trading in physical stocks, bonds, or options, which might limit investors seeking ownership of actual assets.
Is Quadcode Markets safe？
Quadcode Markets ensures the safety of its clients through stringent regulatory compliance and advanced safety measures. The firm is regulated by the Australian Securities and Investment Commission (ASIC) under license number 327075 and the Cyprus Securities and Exchange Commission (CySEC) under license number 247/14, which enforce strict financial and operational standards. Client funds are kept in segregated accounts, separate from the companys operational funds, ensuring an additional layer of security against misuse.
Quadcode Markets employs advanced safety measures, including negative balance protection, which ensures that clients cannot lose more than their account balance. Additionally, the firm offers trailing stop limit orders to help clients manage risk effectively. These measures collectively ensure a secure trading environment for clients.
What are securities to trade with Quadcode Markets
Quadcode Markets offers a diverse range of trading securities, primarily focused on Contract for Differences (CFDs), which allow clients to speculate on the price movements of various asset classes without owning the underlying asset. Their offerings include:
Stock CFDs: A selection of 395 stock CFDs, allowing traders to participate in the price movements of major company stocks.
Forex CFDs: Includes 62 currency pairs, providing access to major, minor, and exotic forex markets.
Crypto CFDs: Traders can engage with the volatile cryptocurrency market through 24 different crypto CFDs.
Commodity CFDs: Offers 9 different commodities for trading, including metals, energy, and agricultural products.
ETF CFDs: Includes 27 ETF CFDs, enabling traders to speculate on the performance of various ETFs.
Index CFDs: Provides 12 index CFDs, representing a range of global indices.
Overall, Quadcode Markets focuses on providing a comprehensive range of CFDs, catering to traders interested in a variety of markets with a focus on leveraging and short-term trading opportunities.
Quadcode Markets Accounts
Quadcode Markets provides standard trading accounts for CFDs (Contracts for Differences) on a range of asset classes such as stocks, forex, commodities, indices, and cryptocurrencies. The accounts are designed to offer flexibility and accessibility to both retail and institutional clients, with features such as leverage options and competitive spreads.
Quadcode Markets Fees Review
Quadcode Markets charges various fees associated with their financial products and services, primarily revolving around CFDs. The fee structure includes:
- Spread Fees: A fee charged on the difference between the bid and ask price for each contract.
- Swap Fees: Charged for keeping a position open overnight, which can range from 0.01% to 1.7% of the face value of the position, depending on the asset class.
- Dormant Account Fees: An inactivity fee of $10 per month if there is no trading activity for at least 90 consecutive days.
- Transaction Service Fees: Including ACAT transfers ($95) and wire transfers ($25 for domestic and international).
- Product Fees: Related to specific services like check orders and debit card usage.
These fees are designed to cover the costs associated with trading and maintaining accounts, with specifics provided in the company's General Fees Policy or upon request.
Quadcode Markets App Review
The Quadcode Markets app offers a seamless trading experience across multiple devices, ensuring that clients can trade from anywhere at any time. The app is available for both desktop and mobile platforms. For desktop users, the app can be downloaded on Windows and macOS, or accessed directly through a web browser with the Open Web App feature. For mobile users, the app is available for download, providing a comprehensive trading experience on the go. This cross-platform compatibility ensures that traders have continuous access to their accounts and market opportunities, regardless of their preferred device.
Research and Eduation
Quadcode Markets provides extensive resources to assist traders in understanding and navigating the trading environment. Their educational content includes detailed guides and FAQs on various topics such as general questions, trading, depositing and withdrawing funds, account management, and verification processes. These resources aim to answer common queries efficiently and cover topics such as switching between real and practice accounts, opening positions, understanding margin requirements, securing accounts, and handling deposits and withdrawals. This comprehensive educational support is designed to help traders improve their knowledge and confidence in trading, ensuring they can make informed decisions and manage their accounts effectively.
Customer Service
Quadcode Markets provides customer service in Australia through QUAD CODE AU LTD. The company can be reached at their office located at Suite 23.03, Level 23, 259 George Street, Sydney, NSW 2000. For support, clients can email support.au@quadcodemarkets.com. This ensures that customers have direct access to assistance and support for their trading needs.
Conclusion
Quadcode Markets offers a comprehensive trading platform with a wide range of CFDs across various asset classes, ensuring traders have access to diverse market opportunities. The firm is well-regulated, ensuring client funds are secure and trading practices are transparent. However, the lack of direct trading in physical assets and certain financial instruments may be a limitation for some investors.
FAQs
Is Quadcode Markets safe to trade？
Yes, Quadcode Markets is regulated by ASIC and CySEC, ensuring strict compliance with financial standards and safety measures such as segregated client funds and negative balance protection.
Is Quadcode Markets a good platform for beginners？
Yes, Quadcode Markets provides extensive educational resources and a user-friendly app, making it suitable for beginners.
Is Quadcode Markets good for investing/retirement？
Quadcode Markets is more focused on short-term trading through CFDs rather than long-term investing or retirement planning.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
