For more than ten years, the online broker QTrade has been offering its Forex and CFD trading services. Investors at this company not only have access to a very broad range of trading products, but can also benefit from long-term expertise and experience. Because the offer does not only cover the entrance to the markets and the reliable completion of the trade, but also a broad spectrum at support offers. This includes, among other things, a free demo account with which investors can initially test trading in over 500 underlying securities without any financial risk. This is important, among other things, because less common underlying categories such as interest rate products or CFDs on government bonds are also available. With MetaTrader 4 and 5, two excellent software solutions are available free of charge for trading, and QTrade customers can also count on a solid range of support around trading. Training videos on the trading software are provided and investors can select interesting articles from over 100 blog articles. In addition three EBooks are available free of charge, which concern themselves with the Forex and CFD trade as well as with methods of the Chartanalyse.
We submitted this offerer to a detailed test and took besides the conditions and the respectability also all further relevant categories into the view. All experiences, which we won in the context of our test, are summarized in the now following sections.
These experiences we made with QTrade
The on-line broker has in each case some to offer to its customers, which our test showed in each case. The offerer can convince first of all by a really very broadly set up trade offer. Thus the possibility is offered to the investors of pursuing also strategies beyond the Mainstreams, which are reserved usually probably only for experts and/or professional Tradern. Before it is however so far that the investors concern themselves with such strategies and underlyings, it is very worthwhile to concern themselves with the possibilities, which are offered by sides QTrade approximately around the trading with CFDs and Forex products. First QTrade offers a very successful entrance over a clearly structured Internet operational readiness level. Here the investor is not only cleared up over the possibilities in the trade, but is supplied also with a set of information over it, what expects the Trader concretely. In particular, it provides a wealth of information on the underlying securities on offer. In this way, getting started is extremely easy. Starting from a minimum deposit of only 250 euro an account can be opened for the trade. Fees are charged neither for the opening nor for the account management. And also beyond that the investors can adjust to a simple and above all favorable fee model on the basis of firm Spreads.
Beyond that our experiences showed that the investors can feel very well waived also with view of support and security with this offerer. First a competent and in German available service is offered, which supports the Trader with questions or also technical problems. A high level with the security is beyond that given, since it concerns an offerer registered in Germany with seat in Munich. Thus the Online Broker is regulated by the German supervisory authority BaFin and is registered with it under the BaFin-Ident-No.: 136084. However, the concrete trading operations are carried out via the financial metropolis of London, which is why customer funds are also deposited in the accounts of English financial institutions. For this reason, the British deposit guarantee also applies to customer deposits on the trading account. All in all, customers can therefore rely on a highly competent provider who also meets the highest demands in terms of security and reliability.
Broad and interesting offer for trading
For all services offered by an online broker, the evaluation of quality and performance naturally depends in particular on the selection of tradable underlying securities. And in this respect QTrade also proved to be extremely well positioned in our test. We come to this conclusion not only because the offer is quite extensive with a total of around 500 values. Much more important than the pure scope, however, are the structure and composition of the concrete values. And here, in any case, a particular strength of this provider can be discerned. In addition to the categories that can in principle be found in all online brokers, QTrade investors can also access some extraordinary underlying securities. This gives QTrade customers the opportunity to bet on interest rate developments in the euro zone with so-called “Bunds”. In addition, the broker QTrade also has some government bonds in its portfolio. In this way, investors can benefit directly from interest rate decisions made by individual central banks or rely on the creditworthiness of selected countries.
However, in the area of common categories as well, i.e. stocks, stock indices as well as currencies and commodities, the selection clearly exceeds the common standard. QTrade is most broadly positioned in the area of equities CFDs. A total of around 400 equities from more than 20 countries are available. The selection includes stocks from globally significant markets such as the USA, Japan and Germany. However, stocks from Chile, Israel and South Africa are also available for trading. QTrade is similarly prepared when it comes to selecting indices. In addition to the world’s leading indices, there are numerous stocks from less important countries on offer. It is also possible to access a proper selection of commodities. In addition to precious metals and energy stocks, QTrade’s portfolio also includes a range of agricultural products. The range of currency pairs is also very broad. A total of around 80 combinations of different world currencies are available for leveraged trading. In addition to the well-known and strongly traded majors, QTrade’s trading offer also offers a broad spectrum of currencies from smaller countries. In principle, leverage ratios of up to 1:400 are possible in trading via QTrade. Fixed levers are always offered for each individual value. While this maximum leverage is possible for indices and some currency pairs, significantly lower leverage ratios are also offered for trading in individual stocks and for less liquid but more volatile currency combinations. Furthermore, no fees are charged in trading and customers only have to expect fixed spreads that are very close to the real market spreads.
No deposit bonus for new customers
The online broker QTrade currently does not offer a deposit bonus for new customers. However, this does not mean that new customers cannot benefit from certain bonus promotions. In this context, we are currently offering new customers access to the market assessments of the two QTrade analysts for a period of six months. This not only gives investors the opportunity to benefit from exclusive trading recommendations in foreign exchange trading, but also enables them to acquire additional trading knowledge on the basis of these recommendations and gain important experience for future trading.
Multi-methods-for-in and outpayment-available
Where shares or other exchange products are traded, it is of course a central prerequisite that the investor deposits trading capital into the corresponding account. While for the start of trading the account must first be capitalized accordingly, it can also happen in the course of trading that additional capital must be transferred quickly to the trading account, for example to meet the margin requirements for certain positions. For this reason, the speed of the deposit may also be important. How quickly the money is actually available on the trading account depends in particular on the method used. For this reason it is of course important which of these deposit methods are available at all. According to our experience, online brokers offer three different methods, each of which they work with several providers.
From our point of view, the best method for making a deposit is the credit card. The payment can be activated very easily via an appropriate access to the personal merchant area of the provider and is already available after a few minutes on the trading account. All common providers are accepted for credit card payments. Some online payment services also offer a similar speed. QTrade works together with the service providers Sofortüberweisung, Neteller and Skrill. Investors, on the other hand, have to reckon with a certain waiting period if they fall back on the classic bank transfer. After opening a trading account, the investor receives the data for his personal trading account, which must be specified when the credit is transferred. The same methods can also be used for the payment of trading credit balances.
Top level with security and regulation
In our experience, more than a formal detail is the question of how secure and serious an online broker is to be assessed. In the case of QTrade, we have come to the conclusion that it is a provider that offers its customers a very high standard in this respect. QTrade is based in Germany and is therefore subject to strict regulation by the German supervisory authority BaFin. This not only controls the clean and fair processing of all transactions, but also pays particular attention to compliance with basic economic principles. This is intended to prevent financial service providers from getting into financial difficulties and thus endangering the interests and deposits of their customers. One of the conditions that must be met is that customer funds must not be stored together with company funds. Thus it is not possible for creditors to have access to customer deposits even in the event of insolvency of the provider. Customer deposits are therefore deposited with external banks and are thus protected by the respective deposit insurance. Since QTrade works together with the British Barclays Bank, the British deposit guarantee matures in the event of insolvency, covering a value of GBP 50,000 per customer, which corresponds to around EUR 60,000. In addition, there is an insurance policy which additionally covers around 600,000 euros per customer. Against this background, customers can feel very safe, even if they are dealing with larger amounts and do not need to reckon with rip-offs or fraud.
Effective and competent support
All in all, our test gave us the impression that trading via the online broker QTrade can be handled very smoothly and technically cleanly. Sufficient information is available on the provider’s website for opening an account and handling the technology. Nevertheless, it cannot be completely ruled out that there may be queries or technical problems during use. In such situations it is of course important to be able to quickly access competent help from the provider’s side. For this purpose a good offer is available in each case. The service department of QTrade can be reached both by telephone and with the help of an email form. Experience has shown that inquiries are answered and processed very quickly and competently.
Very high usability of the website
We have been able to gain an extremely positive impression in our test regarding the website itself. The provider has conceived a very clear and clearly structured page, on which also visitors can find their way very well, who call up the page for the first time. Despite the simple structure, the site fully meets the complex requirements of QTrade’s content and offers. This makes it very easy to obtain specific information on individual trade values. A special mention deserves to the very good offer within the range information and further training. Under the column ?Trading learning? the user finds numerous useful contents approximately around the trade. A further service, which can be activated very simply over the web page, is on-line Trading training by email. This becomes when desired also users to part, who open first only a demo account.
With the mobile App the investor is always flexible
An important aspect represents nowadays the possibility of having also complete mobile entrance to the commercial platform. Most investors are expected to have access to the most complete set of instruments possible in purely technical terms. In our opinion, the online broker’s offers fully meet this requirement. With the apps, which are available free of charge for the iOS and Android systems, it is not only possible to react quickly and flexibly to changes in the market. With the mobile offers, many additional features, such as technical analysis or different types of orders can also be used in a targeted manner.
Conclusion – Full-value offer also beyond trading at QTrade
With the online broker QTrade, a convincing representative of his industry offers his services around trading with CFDs and Forex products. The offer is convincing above all, because approximately around the various trading possibilities also a solid information and education offer are made available. In addition to videos and EBooks, users can also receive news and general trading tips via email or a blog. In addition, a competent support team is available to answer questions about the trade, which is committed to taking care of customers’ concerns. According to our experience, there are therefore the best prerequisites for trading successfully in the markets and for continuous further development. This is also due to the fact that QTrade is an absolutely solid provider, with whom customers can rely on the protection of deposits on the trading account as well as on fair processing of all transactions.
I would open an account with the QTrade broker again at any time. Questions and problems are answered immediately and I had no problems with the software until now.
written 24 months ago
QTrade is a broker who really deserves my trust. I was able to test the demo account over a period of 14 days and get an insight into the portal. Very good investment of time and money.
written 24 months ago
The stable trading platform of Qtrade is simply great. Only the operation, the structure and above all the trading itself are very simple and well structured. I would do it again and again.
written 22 months ago