Category Archives: Broker Review

Q8 Trade Highlights

Originally a broker focused on the Middle East and North Africa (MENA region), Q8 Trade had moved away from the former mother company Q8 Securities, as it now has global ambitions. Via cutting-edge technologies, broad instrument coverage, good customer service, and plenty of trading functionalities, the company had announced that 70% of millions of trades end up with success.

The brand name of MARKETFINANCIALS LIMITED, a Seychelles Securities Dealer Licensee, Q8Trade.com is authorized and regulated by the Seychelles Financial Services Authority (FSA) under the license number SD006. At present, the brand does not allow residents in the USA and Canada to open a trading account.

Since this is a broker with high potential, our Q8 Trade Review will highlight some of the most important benefits when choosing to open a trading account.

Trading Software

Considering Q8 Trade wants to provide clients with the most advanced trading technologies, there are multiple platforms available on the website. The Q8 Trade WebTrader is a browser-based platform optimizing user efficiency and providing innovative trading tools. It has the usual advanced risk management tools, customer support, daily news, and technical analysis.

Secondly, clients will benefit from the world-renowned MetaTrader 5, one of the best-suited platforms for CFD traders. Built on the popularity of its predecessor, MT5 is a multi-functional platform offering the modern trader innovative analysis tools, customizable charts, and a user-friendly interface. You can use it both on desktop and mobile devices.

Lastly, Q8 Trade had developed a proprietary trading app, proving it continues to invest in trading technologies. The app integrates powerful security features to keep accounts safe and secure, customizable charts, hundreds of different tradable assets, and fast deposits/withdrawals.

Q8 Trade Assets

At Q8 Trade you are able to trade a wide range of assets, including currencies, commodities, indices, and stocks. With a maximum of 1:400 leverageand competitive commissions, the Q8 Trade forex trading offer stands out, especially since we consider there is support for tens of different currency pairs.

When it comes to stocks, aside from the companies we are all familiar with, Q8 Trade also has support for stocks from the Middle East, enabling clients to get more diversified. In this case, the maximum leverage is capped at 1:100, and standard spreads are low.

You can trade on a broad range of commodities as well, including natural gas, gold, sugar, cotton, coffee, cocoa, and oil, with up to 1:100 leverage. Lastly, Q8 Trade covers some of the top stock market indices, so traders will have more liquid alternatives to stocks.

Account Types

The Q8 Trade plans and benefits include Bronze, Silver, Gold, Platinum, and Diamond accounts. You can start trading with this brand by making a $250 initial deposit. This would be enough to test live trading conditions and at the same time, gain access to other trading features like video content, Hawks Trading Academy, and others.

Making an upgrade will come with a welcome and upgrade trading bonus, while also unlocking access to other trading features. Support from an account manager, eBooks, daily market analysis, and access to trading signals are ensured. Keep in mind that Q8 Trade has partnered with DupliTrade, a service that allows traders to execute trades automatically, based on multiple trading systems.

To deposit funds into a trading account, you can use a credit/debit card, wire transfer, or American express. Same with the used for withdrawals, where the standard fee is set at $30. It could take between 5-10 business until a withdrawal request is reviewed and approved. (In some cases due to client’s bank account, withdrawals might take longer).

Education

Q8 Trade now ensures access to high-quality trading resources thanks to the partnership with the Hawks Trading Academy. That’s a place where you can find webinars, ebooks, articles, and many different trading courses. Its main goal is to enable a road to become a professional trader if you are willing to learn and develop all the required skills.

Q8 Trade Conclusion

Backed by multiple years of experience accumulated in the MENA region, Q8 Trade has a lot of potential in achieving its international ambitions. That happens because the broker provides access to a multitude of trading functionalities, and CFD traders will love it. We are proud to award Q8 Trade a high rating and say that this is a brand you can trust.

iFOREX Highlights

Operated by Formula Investment House Ltd, iFOREX is an online trading brand offering access to 800+ tradable instruments, including currencies, commodities, indices, shares, ETFs, and cryptocurrencies. The iFOREX Group’s European subsidiary is an investment firm licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 143/11.

With more than 8 million total users, 100+ countries services, 35k+ daily transactions, and 15+ supported languages, iFOREX is one of the major global trading brands, having established a long track record in the world of CFDs.

If you want to get more information about the services provided, this iFOREX Review will explore some of the reasons why a CFD trader should work with this broker.

Trading Software

iFOREX allows customers to trade via a tailor-made trading platform that enables them to fully customize their trading experience while benefiting from innovative trading tools. This versatile platform operates smoothly and securely from any computer, with no download required.

At the same time, it provides an optimal trading experience on mobile, for both Android and iOS users. Through a secure and regulated trading environment, integration of economic calendar and trading signals, advanced live charts and indicators, user-friendly and intuitive interface, and support for multiple devices, the iFOREX is the daily driver for all CFD traders.

It does not matter what trading style you currently have, because this trading software will fit your strategies and trading schedule with ease. Based on the online reviews we’ve seen, the platform benefits from good feedback among customers and that’s an important thing to take into account.

iFOREX Assets

Trading with iFOREX means access to more than 800 different CFD instruments, including currencies, indices, shares, ETFs, commodities, and cryptocurrencies. Considering the broad coverage currently available, customers can get involved in many different markets and find opportunities, while having a diversified exposure.

The iFOREX live rates are accurate due to increased liquidity conditions. It does not matter what instruments you want to trade, the broker has made sure that you get access to a variety of assets, and cut your portfolio’s expenses by opening deals on CFDs with competitive spreads.

Aside from the CFD offer, iFOREX offers direct access to global markets and the ability to invest in the price of top stocks. You can trade popular stocks with 0 commission, benefiting from stocks derivatives with a broker that has more than 20 years of experience.

Lastly, you can open a fixed interest account and earn 3% interest. In this case, the minimum deposit is $1,000 and you will need to maintain monthly activity (deposit once a month). The interest is paid monthly, there are no charges from iFOREX, and negative balance protection is granted.

Account Types

It is also important to note that all iFOREX clients will get access to a standard account, regardless of their initial deposit. They will be able to fund an account via credit/debit card, wire transfer, Skrill, or Neteller, using the same methods for withdrawals, as well. On top of that, traders working with the broker will benefit from trading signals, economic calendar, indicators, and trading sentiment (to see what other traders are thinking).

Education

Part of the iFOREX promotions, customers can get access to different educational resources. The Education Package provides access to 1-on-1 training for beginners, exclusive trader guide, and full access to video tutorials. On the other hand, the Pro Package provides access to advanced 1-on-1 training, 2 weeks of free signals, and tight spreads on popular CFDs.

Informative articles and PDF guides complete a very comprehensive offer designed to help traders with different market experience to further enhance their trading skills. iFOREX is widely known as a broker that pays close attention to education and that has still not changed.

iFOREX Conclusion

Having been active in the market for the past 20+ years, iFOREX has built a solid reputation and it is now viewed as a leading trading brand in the industry.

Considering its vast trading experience, there is no reason why we should believe this is a scam. On the contrary, this is a broker to work with if you want to benefit from proprietary software, 800+ instruments, multiple educational resources, and personalized customer support in your native language. Making sure that customers from different countries are given increased attention is one of the reasons why iFOREX benefits from good ratings.

Trading financial instruments with margin carries a high level of risk, can work both for and against you, and can result in the loss of part or all of your investment (deposit). You should not invest money that you cannot afford to lose. Should you have any doubts, you should seek advice from an independent and suitably licensed financial advisor. Furthermore, you should ensure that you have sufficient time to manage your investments on an active basis. iFOREX does not provide investment advice and the information provided herein is intended for marketing purposes only and should not be relied upon as investment advice. Any indication of past performance of a financial instrument is not a reliable indicator of current and/or future performance of such financial instrument. Please read our Client Agreement and Risk Warning carefully before conducting any trades.