Quadcode Markets Review 2024

7.76/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • $50
Trading platform:
  • Proprietary platform
Regulation:
  • ASIC
  • CySEC
  • SCB
Foundation date:
  • 2021
Updated:
7.76/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • $50
Trading platform:
  • Proprietary platform
Regulation:
  • ASIC
  • CySEC
  • SCB
Foundation date:
  • 2021
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Quadcode Markets isn't available in United States
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Our Evaluation of Quadcode Markets

7.76/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

Quadcode Markets is a reliable broker with the TU Overall Score of 7.76 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Quadcode Markets clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.

Quadcode Markets provides a generally competitive environment. It is focused on active trading, so there are no options for passive income. The main advantage of the company is its proprietary trading platform, which integrates many useful functions. For example, there is negative balance protection (NBP) and hundreds of indicators ranging from the classic Bollinger Bands to the Relative Strength Index (RSI). The broker has tight spreads and no trading fees, which is also among its main advantages. Moreover, there is a large choice of CFDs.

Brief Look at Quadcode Markets

Quadcode Markets was registered in Sydney, Australia, in 2021. It is an enterprise of Quadcode AU LTD, regulated by the Australian Securities and Investments Commission (ASIC, ACN: 131 376 415), CySEC (247/14) and SCB (SIA-F219). It offers one account type with competitive trading conditions. Among the available instruments are only contracts for difference (CFDs) on more than 300 assets. Leverage is 1:30. The minimum deposit is $50 (Thai - 20 USD). There are no trading fees, the spread is floating, ranging from 0.15 pips to 1.3 pips. There are no withdrawal fees, but there is a $10 fee for 90 days of inactivity. Swaps are competitive. Deposit is instant, withdrawals take 3-5 days, and are possible to bank cards, via Neteller, or Skrill. Traders work in the broker's trading platform, which is represented by desktop and mobile versions. Security is provided by KYC (Know Your Client) verification and SSL (Semaphore Signal Level) protocols, also the broker keeps traders' funds separate from its own. The company does not offer any investment solutions, and there is no referral program either.

Advantages of trading with Quadcode Markets:
  • There is only 1 account type with universal trading conditions that are equally convenient for novice traders and professionals;
  • The broker does not limit its clients to trading strategies; they can scalp, hedge, and use advisors;
  • Leverage is up to 1:30, tight competitive spreads, no trading fees, and 100% transparency of the broker’s activity;
  • The broker offers more than 300 assets, namely CFDs on currency pairs, commodities, precious metals, stocks, etc.;
  • The company's own trading platform is assessed by experts and traders as simple, reliable, and functional;
  • The broker has more than 100 integrated instruments for technical analysis, including various indicators;
  • The company's client support is available 24/7 with communication by email and chat.
Disadvantages of Quadcode Markets:
  • The platform offers only CFDs, although there are many assets;
  • Traders cannot earn passively because there are neither investment solutions nor a referral program;
  • Technical support responds promptly, but it is available only by email and in the user account.

TU Expert Advice

Anton Kharitonov

Financial expert and analyst at Traders Union

The broker has been operating for 2 years as a project of Quadcode AU LTD. The company is officially registered in Sydney and has a valid ASIC license. Testing the broker did not reveal any technical weaknesses, as it has advanced protection. Its functionality is at the level of most of its competitors, and users appreciate the simplicity and intuitiveness of its interface. The only thing that can be immediately noted is the communication channels. Unregistered users can only contact support via email, which is not the fastest option. Verified traders have a support center in their user accounts, where live chat with managers is available. By the way, support works 24/7, which is an absolute advantage.

Quadcode Markets offers its own trading platform. It is fast, intuitive, and comes with a wide range of built-in features and options. There are calendars and calculators, different charts, indicators, and personalization. Among the available assets are CFDs on currencies, stocks, indices, precious metals, etc. Leverage is up to 1:30, there is a stop loss and other standard features. There are no restrictions on trading, the broker’s clients can copy trades and use their own bots and advisors. Deposits are processed immediately and withdrawals take 3-5 business days, which is standard for the segment. Profits can be withdrawn to a bank card or submitted to online payment systems. Quadcode Markets is quite a competitive platform.

In addition to a functional trading platform, the broker's fee policy is a conceptual advantage. Spreads float. The average spread for currency pairs (based on tests and reviews) is about 0.15 pips. This value is significantly lower than that of most of its competitors. Maximum spreads for currency pairs reach 1.3 pips, which is already at the market average. But the most important point is that the broker does not charge trading or withdrawal fees. Unfortunately, the broker does not have any options for passive income. It does not even offer a standard referral program. As a relative disadvantage, one can also note the absence of a call center.

Trade with this broker, if:
  • Regulations are important to you, as they are regulated by ASIC (Australia) and CySEC (Cyprus), which are reputable regulatory bodies.
  • You are looking for a user-friendly platform with a customizable layout, excellent charting tools, and a reliable mobile app, as Quadcode Markets offers an intuitive web-based platform and mobile app powered by Trading View.
Do not trade with this broker, if:
  • You are looking for a wide range of tradable assets, as they offer a limited selection of Forex pairs, indices, commodities, and stocks.

Quadcode Markets Summary

💻 Trading platform: Proprietary platform
📊 Accounts: Demo, Pro, Retail
💰 Account currency: USD, EUR, AUD, and GBP
💵 Replenishment / Withdrawal: Bank cards, Neteller, and Skrill
🚀 Minimum deposit: $20, $50 (AU)
⚖️ Leverage: Up to 1:30, subject to the asset
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 Spread: From 0.2 pips
🔧 Instruments: CFDs on currency pairs, indices, stocks, precious metals, and other assets
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Yes
➕ Affiliate program: No
📋 Orders execution: No
⭐ Trading features: One live account;
No trading or withdrawal fees;
Proprietary trading platform with many options and technical instruments;
Intuitive interface;
No trading restrictions;
No passive income options;
1. Clients can make their own tech analysis indicators using our script;
2. Apple Pay and Google Pay for deposits
🎁 Contests and bonuses: Yes

If a broker offers several live account types, they almost always differ in the minimum deposit. For clients of Quadcode Markets only a universal account with a $50 deposit is available. Trading leverage depends on the asset and ranges from 1:5 to 1:20, and the maximum leverage for currency pairs is 1:30. The broker's technical support is always ready to help on most relevant issues, traders can communicate with it via email or support center through their user accounts. Quadcode Markets offers a new onboarding feature for its new clients – a Complete Guide to CFD Trading with Quadcode Markets. This e-book is perfectly designed for learning the basics of CFD trading. It gives clients essential knowledge about Quadcode Markets’ platform functionalities. The guide is recommended to newcomers seeking foundational insights as well as experienced traders looking for a clearer platform experience.

Quadcode Markets Key Parameters Evaluation

User Satisfaction

Score:
8.5/10

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abdeldjalil05
6 weeks ago

I really like the personal service at Quadcode Markets, which does not depend on the deposit amount. Also, the broker offers good training materials. The service is at the proper level, which cannot be said about all companies, even the most popular ones. I also like their analytics, I review them every day to keep abreast of events)

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hepideis
14 weeks ago

Quadcode Markets is regulated and this is very important. The minimum deposit to open an account is $50. I already like these factors very much. I will try trading here. I like the reviews of Quadcode Markets, and I think I will be lucky here too.

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sudharma
17 weeks ago

For Forex novice traders, quadcode markets is a salvation, since everything is more than clear. There is a large list of benefits. It is possible to receive payments on Forex. I was convinced of this myself. Even if the trade was unsuccessful, I don’t get upset, I still manage to be in the black. Spreads are very profitable here. Few brokers can boast of such. quadcode markets is reliable, personally tested by me and my friends. There will be cash turnover, even if you have a small income.

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JIMMY03
21 weeks ago

The good news is that analytics from Quadcode Markets really work, and in general there are a lot of interesting things for traders that help them. I recommend everyone to take a look at the company’s website, open an account, and evaluate the capabilities of the service.

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bimarosidin
27 weeks ago

I would like to share my positive experience working with Quadcode Markets. I have been trading in the financial markets for quite a while, and this broker is one of the most reliable and professional brokers I have had the pleasure to work with. The Quadcode Markets platform is very user-friendly and intuitive. I easily find all the necessary tools and features to conduct market analysis and execute trades. The trading platform works quickly and without issues, which is crucial for fast-paced trading. The broker offers a wide range of trading instruments.

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Ahtem
29 weeks ago

Quadcode Markets has never let me down in almost three years of trading with them. The trading conditions are more than acceptable, with a great variety of trading instruments, and profit withdrawals are processed without delays. I withdraw funds from my Quadcode Markets account to the Skrill payment system, and the money arrives within two hours.

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Stevenfef
30 weeks ago

I have been trading with quadcode markets for 7 months. This is not very much, but enough to form an impression. And it turned out positive. I withdrew money 5 times during this time. In conclusion, no complaints. I like that there are no requotes, and slippages are rare and not very large.

Score:
6.02/10

Trading Account Opening

To start trading with the broker, create a user account on its official website, confirm your personal information (verification), make a deposit, and open a live account. Follow the below step-by-step process.

1

Go to the broker's website and click the "Open Account" button in the upper right corner of the screen.

Review of Quadcode Markets — Opening an account
Review of Quadcode Markets — Opening an account
Review of Quadcode Markets — Opening an account
Review of Quadcode Markets — Opening an account
2

Enter your name and email address. You can also log in through Facebook.

Review of Quadcode Markets — Authorization and registration
Review of Quadcode Markets — Authorization and registration
Review of Quadcode Markets — Authorization and registration
Review of Quadcode Markets — Authorization and registration
3

Follow the instructions on the screen. Upload photos/scans of the documents confirming your identity.

4

Wait for verification to complete. During this time, you can use your user account, but you will not be able to open a live account.

5

As soon as managers check your documents, you will receive a notification. Now you can open a live account.

6

Enter your user account and click the "Deposit" button in the upper right corner. Enter your details and deposit funds.

7

Start trading through the broker's trading platform, using all the features of the company.

Additional functions of Quadcode Markets’ user account:

  • Portfolio. Here traders build their investment portfolios and monitor the status of their accounts;

  • Trading history. In this block, traders see all their completed transactions with details;

  • Live chat and support. In this tab, a trader can get help from the broker’s managers;

  • Leaderboard. It displays a list of the best traders for a particular period;

  • Market analytics. This block is dedicated to the latest news with expert comments;

  • Video training. Here a guide to the main features of the Quadcode Markets trading platform is available;

  • More. There are several additional tabs with settings and technical instruments.

Score:
8.19/10

Regulation and safety

Information

Traders understand that the reliability of a broker can be guaranteed only by regulation. Note that TU is not talking about registration because all brokers (who are not scammers) are officially registered somewhere. Regulation is a voluntary process, when a broker becomes a member of an authorized organization and reports to it, confirming the transparency of its work and compliance with the law. Quadcode Markets is regulated by the Australian Securities and Investments Commission (ASIC), so traders can be confident in this company.

Advantages

  • Traders can contact the broker’s technical support
  • The broker’s clients can address the Australian Securities and Investments Commission

Disadvantages

  • No possibility of contacting regional regulatory authorities if you do not live in Australia
Score:
6.57/10

Commissions and fees

Information
The fee policy of all brokers is similar in principle. They charge traders spreads for each transaction and often add a trading fee. Quadcode Markets is one of the few companies that does not have fees. That is, traders pay only for spreads. Moreover, the broker does not set any withdrawal fees. However, such a fee can be charged by third parties involved in the withdrawal process, such as banks or online payment systems. But this does not involve the broker. It guarantees absolute transparency and no additional fees on its part.
Account type Spread (minimum value) Withdrawal commission
Standard $6 No

Clients of Quadcode Markets will not experience situations where money disappears from their accounts for unknown reasons. Also, they always know exactly how much money they will receive when withdrawing funds because there are no additional costs. Its simple and understandable fee policy is a big advantage, and not all brokers work on similar conditions. Nevertheless, traders prefer to compare platforms with each other, rather than evaluate them according to “bare” statistics. The comparison really allows traders to estimate brokers objectively and to decide what platform is better to work with.
In the table below, TU provides data for Quadcode Markets and its two closest competitors.

Broker Average commission Level
$6
Medium
$1
Low
$8.5
High
Score:
5.12/10

Account types

When a broker offers several account types, you have to choose optimal trading conditions for yourself. However, Quadcode Markets provides only two account types, such as demo and live. A deposit is not required for a demo account, traders receive virtual $10,000, and all assets presented on a live account (300 CFDs) are available to them. They can study the platform, train, and improve their strategy. On this account, the quotes are real, but the funds are not, so clients trade without risk. For a live account, all the information presented in this article is relevant. The broker's clients receive favorable competitive conditions that allow them to trade with maximum comfort.

Conditions of Quadcode Markets’ live account:

Account Type
Description
The minimum deposit is $50, spreads range from 0.15 to 1.3 pips, and leverage is up to 1:30 subject to the asset
Traders have access to over 300 CFDs on currency pairs, stocks, indices, and precious metals. Trading is carried out through the broker's trading platform. There are no restrictions and no trading or withdrawal fees.

To open a demo account, you only need to register. To receive a live account, verification (confirmation of personal information) and a deposit of $50 or more are required.

Score:
7.21/10

Deposit and Withdrawal

  • When trading on a demo account, traders use virtual currency, so they do not receive real profit;

  • On a live account, they trade with their own funds and, in case of successful transactions, receive income;

  • Traders have the opportunity to submit a withdrawal request at any time via their user accounts;

  • Funds can be withdrawn to a bank card, as well as through Skrill and Neteller payment systems;

  • If traders have any questions (for example, on the minimum withdrawal amount), they can contact the broker’s technical support;

  • Withdrawals are not subject to the broker’s fees, but such fees may be charged by third parties involved in the process;

  • Usually, withdrawal takes from 3 to 5 business days, which is standard for the market.

Score:
5.64/10

Investment Options

Some brokers offer their clients the opportunity to earn extra money. When it comes to investment, it is most often represented by typical solutions like investing in dividend stocks or cryptocurrency staking. However, not everyone needs that. Most traders come to brokers to earn by trading. Also, a referral (partnership) program is sometimes considered a source of passive income. But in fact, such programs require a lot of time. Traders need to actively communicate with their colleagues in blogs and forums, or, as an option, lead their own community. Otherwise, they will not be able to make a significant profit. Quadcode Markets offers only active trading, and many see this as an advantage because the broker is focused on one particular direction and develops it successfully.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

Why Quadcode Markets does not offer a referral program

The essence of any referral program is that brokers’ clients receive personal links and can freely place them on the internet. Anyone who follows this link and registers with a broker becomes a referral of its owner. The referral brings the link’s owner a bonus in the form of a percentage of a trading fee or a one-time fixed payment, which is less common. Usually, the number of referrals is not limited and the program can have several levels. The goal is to attract new clients. But if a company already has a good influx of new traders, it is not advisable to introduce a referral program. Many experts agree that if a broker does not have a referral program and at the same time it competes successfully, it is a strong and steady platform that can be trusted.

Score:
6.54/10

Customer support

Information

Technical support (or client support) is essential for any organization. For brokers, it is of primary importance, because sooner or later traders may have questions that they cannot answer on their own. And here the broker's clients need prompt and competent assistance, because otherwise they may be disappointed in the company and leave. Clients of Quadcode Markets can contact support by email or through the trader's user account. Support managers work 24/7.

Advantages

  • Unregistered users can contact technical support
  • Managers work 24/7

Disadvantages

  • For unregistered users, only email is available

Typically, brokers offer several communication channels, including call center and live chat. These options are traditionally the fastest. Quadcode Markets does not have phone support, but there is a live chat, although only registered clients of the broker can use it.

Traders can contact technical support by:

  • email;

  • live chat via the user account.

The broker has its official profiles on Instagram and Facebook. You can subscribe to them to always be aware of the latest events in the company’s life and up-to-date market news.

Contacts

Foundation date 2021
Registration address Suite 1002, 53 Walker Street, North Sydney, NSW 2060
Regulation ASIC, CySEC, SCB
Official site https://qcm.com.au/
Contacts
Score:
7.24/10

Education

Information

Traders are only successful when they develop and progress. By this, TU means the study of new trading methods, regular communication with colleagues, and watching webinars held by experienced market participants. Brokers understand this and try to offer their clients educational programs. They can vary from basic FAQs to full-fledged academic systems. But not all companies do this. Quadcode Markets does not offer training.

Information available at Quadcode Markets
Information not available on the Quadcode Markets website
Guide on working with the platform
Theory of fundamental and technical analyses
Current analytics
Tips on working with certain assets
Latest news
Rules of money management and the psychology of trading

Unfortunately, traders cannot learn anything on this website. Quadcode Markets assumes that its clients already know how to trade, and that they can learn everything else on their own in practice.

Comparison of Quadcode Markets with other Brokers

Quadcode Markets RoboForex Pocket Option Exness FreshForex IC Markets
Trading
platform
Proprietary platform MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader Pocket Option, MT5, MT4 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading MT4, cTrader, MT5, TradingView
Min deposit $50 $10 $5 $10 No $200
Leverage From 1:1
to 1:30
From 1:1
to 1:2000
From 1:1
to 1:1000
From 1:1
to 1:2000
From 1:1
to 1:2000
From 1:1
to 1:500
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 1.3 point From 0 points From 1.2 point From 1 point From 0 points From 0 points
Level of margin call
/ stop out
No 60%  /  40% 30%  /  50% No  /  60% 40%  /  20% 100%  /  50%
Execution of orders No Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution, Instant Execution Market Execution
No deposit bonus No No No No $30 No
Cent accounts No Yes No No Yes No

Detailed review of Quadcode Markets

Quadcode Markets makes it possible to build a universal investment CFD portfolio. Traders have access to advanced risk management options, such as stop loss, take profit, and negative balance protection. Alerts and notifications can be set in user accounts. The broker’s own trading platform is not inferior to classical solutions, but on some points, it surpasses them. There are more than 100 instruments for technical analysis, including all kinds of indicators, which are integrated. Clients can test conditions and strategy on a demo account, which has a $10,000 virtual deposit. The Quadcode Markets trading platform is available on iOS- and Android-supported gadgets, as well as on PCs with Windows or Mac operating systems. Registration on the platform takes only a couple of minutes and verification of traders’ identity takes 1-3 days. Moreover, there is a video tutorial on working with the broker.

Quadcode Markets by the numbers:

  • The minimum deposit is $50;

  • 300 financial instruments (CFDs);

  • The maximum leverage is 1:30;

  • Spread for currencies is 1.3 pips;

  • The broker's trading fee is $0.

Quadcode Markets is a comfortable CFD broker

CFDs are a fairly popular financial instrument that allows traders to successfully earn money in various markets, ranging from currency pairs to precious metals and energies. Quadcode Markets is one of the companies that are called CFD brokers because they don't offer any other instruments. This cannot be called an advantage or disadvantage. CFDs have their pluses and minuses, and many traders prefer to work with these instruments only. It is important that Quadcode Markets offers more than 300 CFDs in total. This allows traders to collect a diversified portfolio in which the collapse of one asset will be offset by an increase in the value of others.

Useful features offered by Quadcode Markets:

  • Charts. In the broker's trading platform, the quotes of each asset can be presented in the form of various charts, such as ticks, lines, candlesticks, and bars;

  • Indicators. You can overlay MACD (The Moving Average Convergence/Divergence) and other technical indicators, which are more than 30 in total, on the charts;

  • Risk Management. Traders can set and automate stop loss, take profit, negative balance protection, and other options.

Advantages:

1

No need to decide on the best account type, as the broker offers only one type with universal trading conditions;

2

Clients trade at their own pace without any restrictions, they can scalp, hedge, and connect bots and advisors;

3

The broker’s activity is transparent, all fees are known to traders in advance, while the broker does not have any trading or withdrawal fees;

4

The trading platform offers all the necessary functions and options, it can be individually configured and customized for each user;

5

The broker's technical support works 24/7 and is available via email and in the trader's user account.

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