Since QuantBitexs official website (https://quantbitex.com/) is temporarily down, we could only piece together the rough picture of this brokerage by gathering some relevant information from other websites.
General Information
QuantBitex is a Switzerland forex brokerage that was not established long, with an operating time of 1 to 2 years. With trading instruments not specified, QuantBitex offers its clients four trading accounts to choose from, $250 to start trading, and leverage up to 1:400.
Concerning regulation, it has been verified that QuantBitex is not authorized or regulated by any regulatory authorities. Thats why its regulatory status is marked as “No License” on the WikiFX website, and it got a very low score of 1.28/10. Please be aware of the risk.
Account Types
With the QuantBitex platform, traders can flexibly choose from four trading accounts: Basic, Silver, Gold, and Platinum. These four trading accounts are categorized depending on their minimum deposit requirements, with $250 to open a Basic account.
QuantBitex's initial deposit requirements for each account appear to be far too high in comparison with many other brokerage firms. Therefore, forex traders who wish to try their hand at forex trading are advised to select a broker that is strictly regulated and has a reasonable deposit requirement.
Leverage
Leverage varies from 1:50 to 1:400 depending on the type of trading account. The trading leverage is considered to be an amazing tool for presenting more flexibility and increasing profit potential.
You should be aware that leverage can contribute to both gains and losses. As a result, inexperienced traders should refrain from using excessive leverage.
Trading Platform
Please note what QuantBitex offer is not the industry-leading MT4 or MT5 trading platform.
Customer Support
Whether a forex broker is reliable can be partly assessed based on its professional and responsive customer support. The quick response of your brokerage can be crucial when something goes wrong during the trading process.
Traders can get in touch with QuantBitex through the following contact channels:
Telephone: +442045427999
Email: support@quantbitex.com
Risk Warning
Online trading in leveraged Forex and CFD instruments contains a high level of risk and may not be suitable for all investors.
Please note that the information contained in this article is for general information purposes only.
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