Overview of Quadcode Markets
Quadcode Markets is a regulated trading platform based in Australia, operating under the company name Quad Code AU Ltd. It has been regulated by the Australia Securities & Investment Commission (ASIC) since December 15, 2008, with license number 327075. The platform offers various financial instruments for trading, including Stocks (CFD), Forex (CFD), Crypto (CFD), Commodities (CFD), and Indices (CFD).
Quadcode Markets provides a single account type to simplify the trading experience for its clients. It offers leverage ratios that vary across asset classes, ranging from 1:5 for stocks to 1:30 for forex, 1:2 for cryptocurrencies, and 1:20 for commodities and indices. The platform boasts low spreads starting as low as 0.0001 pips on a range of trading instruments.
In terms of deposits and withdrawals, Quadcode Markets accepts various payment methods, including Visa, Mastercard, Neteller, Skrill, and bank transfers. The minimum deposit is $25, and withdrawal minimums vary depending on the method. The platform offers multiple trading platforms, including desktop apps, a web-based platform, and mobile apps for trading. Customer support is available through various channels, including email and social media.
Pros and Cons
Quadcode Markets offers several advantages and disadvantages. On the positive side, it is regulated by ASIC since 2008, providing a sense of security for traders. The platform also offers multiple trading platform options, ensuring flexibility for users. Additionally, the presence of low spreads, starting at 0.0001 pips, can be beneficial. Various support channels are available for customer assistance. However, there are limitations such as limited account types and a restricted range of market instruments. Traders should also be aware of possible fees for inactive accounts and the requirement of a minimum withdrawal amount, which may pose constraints. Lastly, there is a risk of over-leverage, which necessitates careful consideration.
Is Quadcode Markets Legit？
Quadcode Markets is regulated by the Australia Securities & Investment Commission (ASIC) with license number 327075. The company, QUAD CODE AU LTD, has been regulated by ASIC since December 15, 2008, and is licensed for Market Making (MM) activities. Their contact information is available on their website, www.quadcodemarkets.com, and their address is Suite 1002 Level 10, 53 Walker Street NORTH SYDNEY NSW 2060. Quadcode Markets' regulatory status is currently active and compliant with ASIC regulations.
Market Instruments
Stocks (CFD): Traders can engage in CFD trading on a variety of stocks, including AMC Entertainment Holdings, Tesla, McDonald's Corporation, Amazon.com, Canopy Growth Corporation, and Telecom Italia S.p.A.
Forex (CFD): The platform provides access to the Forex market with pairs like EUR/USD, USD/JPY, AUD/USD, EUR/JPY, GBP/USD, and GBP/JPY available for trading.
Crypto (CFD): For those interested in cryptocurrencies, Quadcode Markets offers CFD trading on assets like Bitcoin, Dash, Cardano, EOS, OmiseGo, and Bitcoin Cash.
Commodities (CFD): Traders can explore opportunities in the commodity market by trading CFDs on assets such as Crude Oil WTI, Corn, Gold, Crude Oil Brent, Natural Gas, and Wheat.
Indices (CFD): The platform provides access to a selection of indices, including US 100, US 500, US 2000, JP 225, US 30, and GER 30, offering traders a diverse range of options to suit their investment strategies.
Pros and Cons
Account Types
Quadcode Markets offers a single account type to its clients, simplifying the trading experience.
Leverage
Quadcode offers varying leverage ratios for different asset classes, providing traders with the ability to amplify their positions. With leverage ratios of 1:5 for stocks, 1:30 for forex, 1:2 for cryptocurrencies, 1:20 for commodities, and 1:20 for indices
Spreads & Commissions
Quadcode offers low spreads across a range of trading instruments, with spreads starting as low as 0.0001 pips.
Fees
Quadcode Markets has a flexible withdrawal policy with no minimum withdrawal amount, starting from just $2. However, withdrawals below $2 require users to contact the Support Team for assistance. Additionally, fees for withdrawing funds through payment systems may vary depending on the user's country. The company also has an inactive account policy, where dormant account fees of up to $10 may be charged if there's been no account activity (deposits or trading) for 90 days. Monthly assessments of the past 90 days' activity determine whether the administrative fee will be charged again.
Deposit & Withdrawal
Quadcode allows you to deposit and withdraw funds using Visa, Mastercard, Neteller, Skrill, and bank transfer. The minimum deposit is $25, and the minimum withdrawal is $40 for bank transfers and card refunds, $10 for Neteller, and $2 for Skrill. The processing time for bank transfers is up to 3 business days, and it is instantly for e-wallets.
Pros and Cons
Trading Platforms
Quadcode offers multiple trading platform options, including desktop apps for Windows and macOS, as well as a web-based platform accessible via a browser. They also provide mobile apps for trading, available for download by scanning a QR code.
Pros and Cons
Customer Support
Quadcode Markets, operated by QUAD CODE AU LTD in Australia, provides customer support through various channels. You can reach them at Suite 23.03, Level 23, 259 George Street, Sydney, NSW 2000, or contact them via email at support.au@quadcodemarkets.com. Additionally, they are active on social media platforms like Facebook, Instagram, YouTube, Twitter, and LinkedIn, where you can connect and seek assistance.
Conclusion
In conclusion, Quadcode Markets, operating as QUAD CODE AU LTD in Australia, is a regulated trading platform that offers a range of market instruments, including stocks, forex, cryptocurrencies, commodities, and indices. They provide a single account type and offer varying leverage ratios for different asset classes. The platform boasts low spreads and flexible withdrawal policies, with fees applicable to certain conditions. Deposits and withdrawals can be made through various methods, and multiple trading platforms are available for users. Quadcode Markets also offers customer support through various channels. However, it is essential for potential investors to conduct their due diligence and research before engaging in any trading activities on this platform.
FAQs
Q: Is Quadcode Markets a legitimate trading platform？
A: Yes, Quadcode Markets is a legitimate platform regulated by the Australia Securities & Investment Commission (ASIC) since December 15, 2008, with license number 327075.
Q: What types of trading instruments are available on Quadcode Markets？
A: Quadcode Markets offers a variety of trading instruments, including stocks (CFD), forex (CFD), cryptocurrencies (CFD), commodities (CFD), and indices (CFD).
Q: What leverage ratios are offered by Quadcode for different asset classes？
A: Quadcode offers leverage ratios of 1:5 for stocks, 1:30 for forex, 1:2 for cryptocurrencies, 1:20 for commodities, and 1:20 for indices.
Q: What are the deposit and withdrawal options on Quadcode Markets？
A: You can deposit and withdraw funds using Visa, Mastercard, Neteller, Skrill, and bank transfer, with minimum amounts ranging from $2 to $40.
Q: How can I contact Quadcode Markets' customer support？
A: You can reach Quadcode Markets' customer support at Suite 23.03, Level 23, 259 George Street, Sydney, NSW 2000, or via email at support.au@quadcodemarkets.com. They are also active on social media platforms for assistance.
