Based in the British Virgin Islands, Quantfury is a brokerage firm that offers its users instant execution of trades at competitive prices. They provide traders with a proprietary trading platform for trading multiple financial instruments, including stocks, cryptocurrency, ETFs, and futures. The broker states that all trades at Quantfury are fair and transparent.
Quantfury Review, Pros & Cons
- Mobile trading app
- Educational resources
- Multiple financial markets
- Zero Commission
- Not regulated
- No MetaTrader platforms
- No standalone trading tools
- Limited account funding options
- No USA traders
In this detailed Quantfury review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Quantfury is a retail broker and cryptocurrency exchange that allows traders, investors, and cryptocurrency holders to trade traditional financial and cryptocurrency markets with competitive conditions, such as zero commissions, flexible leverage, maker and taker fees. They have an in-house-developed trading platform that is designed for trading the available financial assets with ease. The minimum deposit required to begin trading is the Bitcoin equivalent of $100.
There is no regulatory information on the broker’s website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
The broker offers its services to clients from different parts of the globe where the use of such services is permitted by the local laws and regulations.
Some Quantfury features and products mentioned within this Quantfury review may not be available to traders from certain countries because of legal restrictions.
Quantfury has developed a smartphone trading app, which allows cryptocurrency owners to trade various financial instruments, such as cryptocurrencies, fiat pairs, equities, and futures listed on U.S. and European exchanges, without paying a commission or other types of fees.
All financial instruments that are traded are always quoted at real-time exchange buy and sell prices, which are never artificially adjusted. The Quantfury app claims to be one of the most cost-effective, fair, and transparent platforms for trading the markets, as the broker uses a microservices architecture to deliver next-generation scalability for its trading app user base. The platform is designed for Android and iOS devices and can be downloaded from the respective app stores – free of charge.
Quantfury Trading Tools
There are no standalone trading tools on the broker’s website at the moment.
The broker’s website contains blogs, learning articles as well, as an FAQ section that answers some of the most common questions that traders may have.
The broker offers the following trading instruments: stocks, cryptocurrency, ETFs, and futures.
Quantfury Accounts & Fees
Traders are allowed to open a single live account to begin trading. The account offers leverage of up to 1:20 and can be funded in cryptocurrencies.
As broker fees can vary and change, there may be additional fees that are not listed in this Quantfury review. It is imperative to ensure that you check and understand all of the latest information before you open a Quantfury broker account for online trading.
The broker provides traders with a professional customer support team that is always available to respond to their general, technical, and account-related inquiries. They can be reached through the following contact channels: telephone, email, and social media.
Quantfury Deposit & Withdrawal
Cryptocurrency is the only accepted payment method at Quantfury. You can fund your Quantfury account balance wallet with any of these 10 cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Qtum (QTUM), Dash (DASH), Dai (DAI), Tether (USDT Omni, and Erc-20), USD Coin (USDC), TrueUSD (TUSD).
Please note that the USD value of your account balance in cryptocurrency — such as ETH, for example — will be affected if the value of ETH appreciates or depreciates due to the market price fluctuations of the ETH/USDT pair.
Quantfury Account Opening
To open an account, click on the ‘Get Started’ button on the Blogs page and fill in the account application form or you can choose to sign up with Google, Facebook, or email, and then submit.
It is imperative to ensure that when you are going through a broker application, you read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Quantfury is a cryptocurrency exchange that allows traders to transact several financial instruments using a proprietary mobile trading platform. Traders are offered zero commissions and fees for their trades. There are several educational resources and a knowledgeable client support team available to assist traders. However, the broker is not regulated by any known financial authority at the moment.
As with all trading of equities, commodities, cryptocurrencies, and fiat currencies, user-directed exposures and “trading” using the Quantfury app carries a level of risk that may not be suitable for all persons interested in trading. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should seek advice from an independent financial advisor before taking user-directed exposures or “trading” using the Quantfury app.