Quantfury Review

Category: Reviews | Author: Trading Brokers | Date: September 21, 2023

Quantfury emerges as a unique trading platform, setting itself apart by enabling users to engage in fee-free trading across a spectrum of assets, including stocks, futures, and cryptocurrencies, all while offering leverage. With promises of equitable and transparent trading conditions, coupled with access to global markets and real-time data, Quantfury has certainly piqued the interest of traders. Nonetheless, it is vital to note that Quantfury operates outside the purview of any financial regulatory authority, raising pertinent questions regarding the safety and potential limitations for traders. In this article, we will delve into the regulatory landscape, explore the platform’s features and tools, assess its educational resources, delve into its available markets, dissect the various account options, and scrutinize its funding mechanisms. Through this comprehensive analysis, we aim to provide a well-rounded evaluation of Quantfury, laying bare both its advantages and drawbacks.

Pros & Cons

  • No fees or commissions for trading or investing
  • Real-time spot prices of global exchanges and real-time quotes, including level 2 data, for free
  • Access to over 1900 assets from various markets and regions
  • Unique transparent business model that is shared with users
  • User-friendly interface and features on the mobile app and web platform
  • Fast and easy withdrawal process that does not require KYC
  • Regulated by an offshore authority that may not offer the same level of protection and oversight as more reputable regulators
  • No education or research tools for users
  • Only one type of account that has some restrictions and conditions
  • Only accepts crypto as a funding method, which may pose some challenges and risks for some users
  • May have some technical glitches or errors that affect the performance or accuracy of the platform.

Summary

Quantfury Review

Quantfury Review

Quantfury, established in 2018 and based in the British Virgin Islands, offers a user-friendly trading platform that allows users to trade stocks, futures, and cryptocurrencies without incurring any fees while enjoying leverage options. Traders can conveniently fund their accounts using various cryptocurrencies and potentially access up to 20x trading power, contingent on market volatility. With access to over 750 assets from global markets, including the US, Canada, Europe, Asia, and Latin America, Quantfury also provides real-time quotes, including level 2 data, at no cost. The mobile app, available for both iOS and Android, enhances the trading experience with features like alerts, notifications, watchlists, and charts. Quantfury simplifies the trading process with a single account type, devoid of minimum deposit requirements, commissions, spreads, or hidden fees. However, it’s worth noting that Quantfury exclusively accepts cryptocurrency for funding, supporting Bitcoin, Ethereum, Litecoin, Tether, Dai, and USD Coin, with no deposit or withdrawal fees.

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Regulation

Quantfury holds a retail forex license issued by the Securities Commission of The Bahamas (SCB), identifiable by license number SIA-F204. Operating as a licensed entity under the offshore regulatory jurisdiction of The Bahamas, Quantfury is bound by the regulatory framework set forth by the SCB. These regulations encompass requirements like maintaining sufficient capital reserves, regular financial reporting, and strict adherence to anti-money laundering and consumer protection protocols. It’s important to note, however, that this regulatory framework may not provide the same level of oversight and investor protection as brokers regulated by more established authorities like the FCA, ASIC, or CySEC. Consequently, traders should exercise caution and consider the potential risks and limitations associated with trading through an offshore broker. Please see a list of regulated brokers for some alternative options.

Platforms & Tools

Quantfury offers a trading experience primarily through its mobile trading app and web platform, catering to both iOS and Android users. The proprietary platforms serve as the central platform for trading and investment activities on Quantfury, featuring a user-friendly interface that facilitates seamless navigation and trade execution. Within the platform, traders benefit from various features such as alerts, notifications, watchlists, and charts, all of which contribute to an enriched trading experience.

Quantfury Mobile app

Quantfury Mobile app

In addition to the mobile app, Quantfury equips users with a suite of trading tools accessible through the Instrument View. These tools encompass charts, volume indicators, a highlighter tool, and an order book, particularly valuable for cryptocurrency pairs. The charts enable users to monitor asset price movements across diverse time frames and apply technical analysis tools, while volume indicators offer insights into asset liquidity and trading activity. The highlighter tool allows for the marking of critical price levels or patterns on charts, and the order book provides a glimpse into market depth, revealing the supply and demand dynamics for cryptocurrency pairs.

Education

Quantfury’s offerings in the realm of education and research are notably limited. The platform lacks comprehensive educational resources such as tutorials, webinars, articles, or courses, which could otherwise assist users in building their trading or investment knowledge. Similarly, Quantfury does not provide access to market analysis, news updates, or indicator tools that are typically valuable for making informed decisions within financial markets. Instead, Quantfury places a substantial emphasis on self-reliance, expecting its users to conduct their own research and analysis prior to engaging in trading or investing activities.

While Quantfury maintains a blog where it sporadically shares updates and stories related to the platform and its founder, this blog tends to be somewhat inactive and lacks substantive educational content or insightful tips for users. Additionally, the platform’s YouTube channel primarily features promotional videos centered around Quantfury’s features rather than focusing on educational topics. Consequently, users seeking in-depth educational resources or market insights may find Quantfury’s offerings to be somewhat lacking.

Markets

Quantfury offers an extensive array of assets hailing from diverse markets and regions, boasting access to a comprehensive portfolio of over 1900 assets, including:

  • 1765 stocks representing renowned companies from the US, Canada, Europe, and Latin America, such as Apple, Amazon, Tesla, Netflix, and more.
  • 48 cryptocurrency pairs sourced from Binance and Coinbase, encompassing popular options like Bitcoin, Ethereum, Litecoin, Ripple, and others.
  • 53 ETFs, tracking various indices, sectors, commodities, and currencies, such as SPY, QQQ, GLD, FXE, among others.
  • 9 index futures, enabling speculation on global market movements, including instruments like S&P 500, Nasdaq 100, Nikkei 225, and more.
  • 10 commodity futures, providing opportunities in the global trade of commodities like gold, oil, natural gas, and others.
  • 25 currency pairs participating in the global currency exchange market, featuring pairs like EUR/USD, GBP/JPY, AUD/NZD, and more.

Quantfury empowers users to engage with these assets without incurring fees, offering leverage at real-time spot prices from relevant global exchanges. Furthermore, users can seamlessly receive full stock and ETF dividends in their nominal value, conveniently converted into the currency of their account balance. To enhance the trading experience, Quantfury also furnishes real-time quotes, inclusive of level 2 data, free of charge.

Accounts

Quantfury simplifies its account structure with a single account type designed to accommodate all users. This account stands out for its absence of minimum deposit or balance requirements, making it accessible to a wide range of traders. Notably, Quantfury does not impose commissions, spreads, or hidden fees, underscoring its commitment to transparent and cost-effective trading.

Creating a Quantfury account is a straightforward process. Users can initiate this by downloading the app or accessing the web platform, where they’ll be prompted to provide basic information such as their mobile number, email address, name, and residential address. The final step involves consenting to Quantfury’s terms and conditions and privacy policy. Importantly, the account setup is swift and hassle-free, and it does not entail identity verification or KYC (Know Your Customer) procedures.

The Quantfury account equips users to engage in fee-free trading and investment activities across a diverse range of assets, leveraging real-time spot prices sourced from global exchanges. Additionally, users have the advantage of receiving full stock and ETF dividends, converted into the currency matching their account balance. Moreover, Quantfury ensures access to real-time quotes, including valuable level 2 data, at no charge.

Funding

Funding your Quantfury account is facilitated through cryptocurrencies like Bitcoin, Ethereum, Litecoin, Tether, Dai, or USD Coin. Users enjoy the flexibility of depositing and withdrawing cryptocurrencies using their personal wallets, and it’s worth noting that Quantfury refrains from imposing any fees on these transactions. It’s important, however, to be mindful of potential network fees or exchange-related charges that users may encounter when transferring cryptocurrencies.

Conclusion

Quantfury presents an enticing proposition with fee-free trading across a diverse asset spectrum, complemented by real-time pricing and accessible through a user-friendly mobile app and web platform. The platform’s transparent business model fosters trust among its users. However, Quantfury’s offshore regulation under the SCB raises concerns about the level of investor protection provided. The absence of educational resources and research tools necessitates traders to rely on their own expertise. The singular account type, while simple, imposes certain trading restrictions, and the exclusive use of cryptocurrencies for funding may be a hurdle for some users. While Quantfury offers strong features, it’s worth noting that there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews.

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Quantfury is a trading platform that allows users to trade and invest in stocks, futures, cryptocurrencies, ETFs, and currency pairs with no fees and leverage at real-time spot prices of global exchanges.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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