Quadcode Markets Review: Features, Pros and Cons

Founded in 2022, Quadcode Markets (QCM) is a rapidly growing Australian trading broker, offering traders a wide selection of tradable instruments, including CFDs on stocks, CFDs on forex, CFDs on crypto, CFDs on indices, and CFDs on commodity. Quadcode Markets is regulated by the Australian Securities & Investments Commission (ASIC) and holds Australian Financial Services Licence number 327075.

The broker offers competitive trading conditions, with a leverage range of up to 1:5 and a minimum deposit of only $50. Moreover, to maximize convenience for traders, Quadcode Markets provides web-based and mobile proprietary platforms excellent for seamless trading.

Investors can also benefit from 24/7 customer support, allowing them to get any help they need promptly. Quadcode Markets also offers access to a wide range of cryptos through CFDs, with USD as the base currency, giving traders more options to diversify their portfolios.

Moreover, with a highly-advanced demo account, traders can test their strategies without risking their real money. Quadcode Markets is an excellent choice for traders looking for a reliable and secure broker with a wide range of tradable instruments. On this note, let's explore all the essential details about this regulated Australian broker.

Broker safety details

This broker has implemented top-level security measures to minimize the risk of unauthorized access. With robust SSL protocols, clients can be assured that their data is safe and secure.

Additionally, Quadcode Markets segregates clients' funds from the Company’s funds.

The broker also maintains a negative balance protection policy that prevents clients from losing more money than their initial deposit. In other words, even if the market takes an unexpected turn and your trades go against you, Quadcode Markets will ensure that you don't lose more than your initial capital.

In addition, Quadcode Markets complies with Australian investment regulations and holds a valid Australian Financial Services Licence number 327075, proving its commitment to providing the best services to its clients.

They have also implemented KYC (Know Your Customer) and AML (Anti Money Laundering) procedures to obtain customer identity documents and ensure they are not engaging in illegal activities.

Fees information

The broker offers a variety of competitive trading conditions, including a minimum deposit of only $50 and a leverage range of up to 1:5. The spreads can vary from 0.4 pips to 1.3 pips on EUR/USD, and the maximum leverage is limited to 1:5 for Forex trading.

The broker does not charge any deposit or withdrawal fees. It also offers one-click trading and a range of other features to enhance the trading experience. However, traders might need to pay third-party fees such as credit card or bank fees.

In addition, there is an inactivity or dormant fee for accounts that have been inactive for more than three months. The broker charges $10 if the account has been inactive for over three months.

Furthermore, the broker charges a swap fee on overnight positions. The swap fee depends on the instrument being traded and can be viewed on the trading platform. The broker charges no commission on any of its products.

Overall, Quadcode Markets provides an excellent opportunity for traders to trade in a secure and regulated environment with low fees. The entire fee structure is transparent, allowing traders to calculate their costs before trading quickly.

Spreads fee details

The broker offers competitive spreads across all of its trading instruments. The average spread on the EUR/USD pair is 0.15 pips but can vary depending on the trading conditions. The maximum spread is also very competitive compared to other brokers.

The spreads offered at this multi-asset broker are floating, meaning they can change depending on the market conditions. It means that traders can benefit from better pricing when trading during high liquidity periods.

Forex and other market traders can take advantage of the tight spreads provided by Quadcode Markets. The broker offers lower spreads on certain instruments, such as gold and silver.

Swap fee details

The broker charges a swap fee on overnight positions that vary depending on the instrument being traded. The swap charge is calculated based on the current market rate and is applied to open positions. The swap fee can be viewed on the trading platform, and traders can also calculate their costs before opening a position.

The swap can be negative or positive, meaning traders can benefit from being in a long position or suffer if they are in a short position. For example, if the interest rate of the currency you are trading against is higher than your base currency, the swap will be negative, and traders will pay a fee.

Overall, the swap fees offered by Quadcode Markets are competitive compared to other brokers and can benefit traders in the long run.

Deposit and withdrawal details

When it comes to deposits and withdrawals, brokers offer a wide range of payment methods, including credit cards and bank transfers. The broker does not charge any deposit or withdrawal fees, but traders might need to pay third-party fees such as credit card or bank fees.

The deposits are usually processed instantly, and the withdrawals take up to 3 to 5 business days. The minimum deposit amount is $50, which is relatively low compared to other brokers. The broker also offers a wide range of base currencies, including USD, EUR, GBP, AUD, and more.

There is no minimum withdrawal amount, making this multi-asset broker an ideal choice for both novice and experienced traders. The broker accepts various payment methods, including major debit/credit cards, bank transfers, Skrill, and Neteller.

As the broker complies with KYC and AML, traders must undergo a verification process before withdrawing. The broker also regularly conducts security checks to ensure the safety of funds and personal data.

Traders need to share basic details like name, date of birth, and citizenship to ensure robust safety. In addition, both deposit and withdrawal methods are protected with SSL encryption, ensuring the security of all transactions.

Customers can also connect with their support team for more information about deposits and withdrawals. The support team is available 24/7 to answer any traders' queries.

Tradable markets at QCM

Quadcode Markets offers a wide range of tradable markets for traders. The broker provides access to more than 300 instruments, including CFDs on forex, stocks, indices, commodities, and cryptocurrencies.

The most popular tradable instruments available at QCM include EUR/USD, GBP/USD, AUD/USD, AUD/JPY, Bitcoin, Ethereum, Ripple, Nasdaq 100 Index CFDs, Dow Jones Industrial Average CFDs, and more. First, let's dive into all tradable markets available at QCM.

CFDs on Forex

Forex trading is among the most popular trading instruments available at QCM. The broker offers more than 20 currency pairs, including major and minor pairs and exotic ones. Some popular major currency pairs available at the broker include EUR/USD, USD/JPY, GBP/USD, AUD/USD, and more.

In addition, you can trade popular minor and exotics pairs like NZD/JPY, EUR/GBP, USD/TRY, USD/CNH, and more. The maximum leverage available when trading forex is up to 1:5, offering traders the potential to magnify their profits but it also maximizes risk and losses based on the market movement

Moreover, the minimum margin requirement for forex CFD trading is 3.33% of the trading volume, and traders need to maintain a sufficient margin in their accounts. The broker also offers tight spreads for all currency pairs, allowing traders to enjoy a competitive trading environment.

CFD on Stocks

Quadcode Markets also offers a wide selection of stocks from popular companies around the world. Traders can access more than 180 CFDs on stock, covering all major exchanges and sectors. Some popular stocks available at QCM include Amazon, Apple, Microsoft, Tesla, Facebook, Google, and more.

The maximum leverage for stocks trading is up to 1:5, and the minimum margin requirement is 3.33%. Traders can also enjoy tight spreads when trading stocks, allowing them to make profits quickly.

In addition, traders are offered access to real-time news and analysis tools which provide valuable insights into the markets to help them make informed decisions. The broker also offers advanced charting tools which can be used to analyze the markets in detail. The minimum margin requirement for stocks trading is 20% which is low compared to other brokers.

CFDs on Crypto

Quadcode Markets also offers a wide selection of cryptocurrencies for traders to choose from. In addition, the broker provides access to popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Dash, Ripple, and more.

The maximum leverage available when trading crypto CFDs is up to 1:2, allowing traders to magnify their profits but it also maximizes risk and losses based on market conditions. The spreads are also quite tight, starting from 0.4 pips for Bitcoin, allowing traders to enjoy a competitive trading environment.

With a 50% margin requirement, crypto trading is ideal for traders who want to take advantage of the volatile crypto markets. The broker also provides fundamental and technical analysis tools for traders to make informed decisions about their trades.

You can trade CFDs on cryptocurrencies with the broker seven days a week using their proprietary web and mobile trading platforms.

CFDs on Indices

Quadcode Markets also provides access to a wide range of index CFDs. The broker offers more than ten index CFDs which include popular indices like Nasdaq 100, S&P 500, DAX 30, and more.

The maximum leverage available when trading indices are up to 1:2, allowing traders to magnify their trade positions. The spreads are also quite tight, starting from 0.02% for the NAS100 index CFD.

Traders can enjoy a competitive trading environment with low margins and tight spreads. The broker also provides advanced charting tools which can be used to analyze the markets in detail. The minimum margin requirement is 5% for indices trading. Indices trading might be ideal for traders looking for diversification and long-term trading opportunities.

CFDs on Commodity

Quadcode Markets also offers access to a wide range of CFDs on commodity. The maximum leverage* available when trading commodities is up to 1:20, allowing traders to magnify their profits or losses. The minimum margin requirement is 5% for commodities trading.

The broker offers more than eight commodity CFDs, including popular commodities such as gold, silver, oil, natural gas, and more. The spreads are quite tight, starting from 0.04% for gold CFD, allowing traders to enjoy a competitive trading environment.

Commodity trading lets traders benefit from the price movements of commodities without actually owning them. Moreover, traders can use the advanced charting tools provided by the broker to analyze the markets in detail.

Leverage* available on Quadcode Markets

The maximum leverage available on Quadcode Markets depends on the asset class traded. The maximum leverage offered for stocks is up to 1:5, while the maximum leverage offered for CFDs on cryptocurrencies, indices, and commodities is up to 1:20.

For example, if you have $250 in your account for forex trading with a leverage of 1:5, you can trade up to $1,250 worth of currency. Be careful since leverage may increase your profit but it also maximizes risk and losses.

Negative Balance Protection (NBP)

NBP is a risk management feature that protects traders from losses greater than the balance of their accounts. Quadcode Markets provides this feature and ensures that traders are only exposed to the amount of money they have in their accounts. It prevents traders from incurring large losses due to market volatility and provides them with an extra layer of protection.

Advanced Risk Management with Trailing Stop

Quadcode Markets prioritizes risk management by offering the Trailing Stop feature, a valuable tool for traders seeking dynamic protection of their positions. Let's break down how it works:

• Adapting to Market Movements: Unlike a traditional Stop-Loss order that stays at a fixed price, a Trailing Stop adjusts automatically as the market moves in your favor. This means if you have a long position and the price of your CFD asset rises, the Trailing Stop will follow along, maintaining a set distance.

• Securing Profits: The primary benefit of a Trailing Stop is its ability to help you lock in profits. If the market suddenly changes direction, the Trailing Stop will close your position, protecting the gains you've made.

• Customization on Quadcode Markets: The platform offers flexibility by allowing you to set your Trailing Stop based on either a fixed price amount or a percentage. This way, you can tailor the tool to your individual risk tolerance. Moreover, you can easily switch between Trailing Stops and standard Stop-Losses as market conditions change.

Why This Matters: The Trailing Stop feature is particularly useful for traders who want to maximize their potential profits while minimizing the risk of unexpected market reversals. Integrating this tool into your overall risk management strategy on Quadcode Markets can enhance your trading experience.

Quadcode Markets trading platform

Quadcode Markets offers a robust proprietary web and mobile trading platform which provides traders with a wide range of features. The platform is user-friendly and intuitive, allowing traders to execute their trades with just a few clicks. The platform also has advanced charting tools that can be used to analyze the markets in detail. Let's dive into all the trading tools traders get with this broker:

Wide range of trading instruments

Quadcode Markets provides access to more than 300 trading instruments, including CFDs on stocks, CFDs on forex, CFDS on crypto, CFDs on indices, and CFDs on commodities. This allows traders to diversify their trading portfolio and gain exposure to different asset classes. In addition, as the platform supports CFD trading, traders don't need to own the underlying asset to trade it.

The concept of CFDs is straightforward — traders take a position on the future price of an asset and make profits when it goes in their favor. The working principles of CFD trading are the same across all asset classes.

A variety range of analysis tools

Their trading platform offers a comprehensive range of technical analysis tools that can be used to analyze the markets in detail. The platform has 30 built-in indicators, allowing traders to stay ahead in identifying trends. The platform also has advanced charting tools that can be used for technical analysis and backtesting strategies.

Other popular tools, such as news feeds and economic calendars, are available on their trading platform. These tools provide traders with in-depth market insights which can be used to make informed trading decisions.

Traders can use a variety of trading indicators like the Bollinger Bands, Moving Average Convergence Divergence (MACD), and Relative Strength Index (RSI) to identify trade setups. In addition, you have dedicated templates where you can use a combination of tools per your preferred settings. Moreover, the widget section allows traders to customize their platform interface.

Risk management tools

In order to help you manage the risks better, Quadcode Markets provides several risk management tools. Tools like stop loss and take profit help traders protect their capital and manage their risk exposure.

The platform also has a margin calculator, which helps traders determine how much margin they need to take a market position. This allows traders to make better-informed trading decisions and manage their risk effectively.

Custom alerts and dashboard personalization

Quadcode Markets provides several custom alerts which can be used to stay ahead of the markets. These alerts are sent directly to traders' devices and enable them to track the markets in real time.

Moreover, traders can customize their trading dashboard according to their preferences. They can add/remove widgets, set up custom alerts, and choose the type of charts they want to use. This helps traders to stay organized, manage their trades more efficiently, and make better-informed trading decisions.

The trading platform is available for both Windows and Mac OS, along with Android and iOS. You can easily switch between devices and access your trading account from anywhere.

Account type at Quadcode Markets

The broker offers a single powerful account using which traders can access all the trading tools, instruments, and features. In addition to this, the broker also offers a demo account where traders can practice their trades.

The minimum deposit required to open a trading account with Quadcode Markets is $50. The maximum leverage offered by the broker is 1:5, which allows traders to take larger positions on the markets.

However, traders need to keep in mind that the leveraged positions can also attract losses based on market conditions.

To open an account, users need to do a quick sign-up and make a minimum deposit. The broker provides a secure environment for traders to open accounts and manage their funds. For KYC, the user needs to provide a valid ID and proof of address.

How to open an account?

Follow the below steps to open a Quadcode Markets account:

Step 1: Go to the website and click "Create Account."

Step 2: Enter the details, including name, email, and country.

Step 3: Select your account type and leverage.

Step 4: Choose your deposit method and type of currency.

Step 5: Enter your investment amount and click on 'Open Account.'

Demo account

The broker also provides a demo account to help traders practice their strategies and become familiar with the platform. The demo account has virtual funds that traders can use to practice their trading strategies without risk.

The demo account comes with all the features of a live account so that traders can get a real-time experience of trading on the platform. This helps them to improve their trading skills and become better traders. In addition, with a virtual balance of $10,000 and maximum leverage of 1:5, traders can get a taste of what real trading money will be like.

Customer support

Quadcode Markets provides 24/7 customer support to its clients via email at support.au@quadcodemarkets.com. Their customer support team is very responsive, and they will assist you with any queries related to the platform. They also provide a quick FAQ section covering essential questions. The overall customer support is good, and they can be contacted on any platform.

Review of Quadcode Markets in a nutshell

To conclude, Quadcode Markets is a reliable broker with good trading conditions and features. It offers several trading instruments, risk management tools, and customizable dashboards. Moreover, the broker provides a free demo account with virtual funds so that traders can practice their strategies without any risk. It's an ASIC-regulated broker, and the minimum deposit to open an account is $50. Quadcode Markets also provides 24/7 customer support which is very responsive and helpful. All in all, Quadcode Markets is a reliable broker offering a comprehensive trading experience.

FAQs

What is the minimum deposit for traders?

The minimum deposit is $50.

Does it offer a demo account?

Yes, they offer a full-fledged demo account.

How do I open an account with this broker?

You can open an account by filling out the online registration form on the broker's website.

What is the maximum leverage offered by them?

The maximum leverage offered is 1:5.

What platform does the broker support?

Quadcode Markets offers its robust proprietary trading platform for desktop, web, and mobile.

Is this broker secure?

Yes, it is a secure and reliable broker.

What are the deposit methods at Quadcode Markets?

The deposit methods at Quadcode Markets include wire transfers, credit/debit cards, and e-wallets.

What are the spreads at this broker?

The spreads start from 0.15%.

What is the minimum trade size?

The minimum trade size is 0.01 lots.

How to contact their customer support?

You can contact customer support by email or chat.

What are the withdrawal methods available with this broker?

The withdrawal methods are similar to the deposit methods, including wire transfers, credit/debit cards, and e-wallets.

Do they offer educational content?

Yes, they offer a wide range of educational resources, such as market updates.

Can US residents open accounts at Quadcode Markets?

No, US residents cannot open accounts with this broker.

How can I change my password?

You can change your password by logging into your account and going to the "Profile" section. Then, click on the "Change Password" button.

What account types do they offer?

They offer a single trading account to open and trade a wide range of markets. Along with this, they also offer a demo account to practice trades.

*Leverage = Leverage can work both in your advantage and disadvantage since it may maximize profits but it also maximizes risk and losses.

The products offered by the Company are complex and entail a high risk of losing money rapidly. You should consider whether you have the appropriate knowledge and understanding of how the products work and if you can afford to take such risk. Consider reading our TMD and other legal documentation available on our website before using our services. CFD traders do not own or have any rights to the underlying assets. The information provided is general and for information purposes only and does not take into account the clients’ personal needs, objectives or financial situation; you may consider seeking independent advice.