quantomarkets review

Regulators:

Cryptocurrencies: YES

Minimum Deposit: $250

Maximum Leverage: 1:300

Spreads: Medium

My Score: 2.0

Hello guys! I am Valentin and I will tell you about QuantoMarkets. The broker is owned and operated by Quanto Global Corp, with registration number 98516.

QuantoMarkets is based in the Marshall Islands. It means the broker is an offshore forex broker. But the payment processing is provided by GIM Limited having its address located at H-1055 Budapest Falk Miksa utca 28, 4 em. 1.

Let’s take a look what the broker offers its clients. In this QuantoMarkets review, you will get the answers to these following questions. Is QuantoMarkets scam or reliable? What are the account types of this broker? Is QuantoMarkets regulated? What are the trading conditions such as spreads, minimum deposit, and leverage?

Regulation of QuantoMarkets

QuantoMarkets is an unregulated forex broker. It means any official watchdogs does not authorize this broker. It means your funds may not in safe!

There are a lot of reliable financial watchdogs such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC).

Duly-regulated brokers had to abide by strict rules among which to keep all trader’s money in a segregated account, to guarantee negative balance protection which means you cannot lose more money than you have deposited.

Moreover, they had to hold minimum net capital in their bank accounts to prove their financial stabilities. Also, there are compensation schemes for the clients of the brokers.

For example, the FCA regulated brokers have to participate in a client compensation scheme, that guarantees up to 50 000 GBP of your invested capital. Similarly, the insurance with CySEC regulated brokers covers up to 20 000 EUR of your funds.

Account Types and Spreads

There are three account types offered by QuantoMarkets. These are Silver, Gold, and Premium account types.

First one is the Silver account. It requires $250 minimum deposit. Spreads are from 2 pips. The maximum leverage is 1:300.

The second one is Gold account, requires $10,000 minimum deposit. There is no commission. Spreads are floating from 0.5 pips. The maximum leverage is 1:200.

The last one is Premium account, has $20,000 minimum deposit. There is low fee on certain CFDs. The maximum leverage is 1:50. There is no info about spreads on the website.

Unfortunately, the demo account is not available. So, it means this broker is not suitable for newbies. If you are a newbie, you should find another account.

Trading Platforms

QuantoMarkets doesn’t offer the most popular trading platform MetaTrader 4. This is a big disadvantage of this broker.

However, it offers its own QuantoTrader. The platform offers a fully automated dealing system with real-time pricing and execution, powered by banks and major liquidity providers.

This platform is available on Android, iOS, Windows and Linux.

Trading Instruments

QuantoMarkets offers execution for FX, commodities, indices, equities, futures and options. QuantoMarkets provides market execution with low spreads for more than 12,000 instruments on currencies, stocks, precious metals, energies, bonds, ETFs and cryptocurrencies.

QuantoMarkets offers over 200 currency pairs, including Forex majors (EURUSD, GBPUSD, USDJPY), minors and exotic pairs.

You can trade Bitcoin, Ethereum, Monero and many other cryptocurrencies without owning them. Also, trade on the price movement dozens of digital currencies.

Diversify your trading portfolio with more than 300 commodities CFDs, including gold, platinum, natural gas, coffee and crude oil.

Trade now on Exchange Traded Funds (ETFs) more than 30 major CFDs such as QQQ, SPDR and S&P500.

Payment Methods

QuantoMarkets accepts payments with popular e-wallets like Skrill, Neteller, WebMoney and AliPay, major credit cards like VISA and MasterCard, as well as wire transfer.

However, I do not see the option to pay with Bitcoin or any other cryptocurrencies. The popular payment method Paypal is also missing.

Conclusion

I do not recommend you to trade with this broker for some reasons. First one, QuantoMarkets is an offshore and unregulated forex broker. It makes them totally unreliable and second I am not sure about the trading conditions they offer with their standard account, and you can always choose from reliable well-established brokers.

You can find a more reliable and reputable broker on my top forex brokers list. In a nutshell, you can find pros and cons of this broker below.

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QuantoMarkets

2

Trust

1.0/10

Commissions and fees

2.0/10

Customer Service

1.5/10

Platform & Tools

2.0/10

Product Portfolio

3.5/10

Pros

  • Various Instruments

Cons

  • Unregulated broker
  • No MetaTrader 4