Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
QuickTrade Pros & Cons
- Licensed by a reputable South African regulator.
- No minimum deposit requirement.
- A choice of live accounts with different commission models.
- Partnership rewards range from $3 to $10 per referred lot.
- Access to fully automated trading and signal copying from QuickTrade’s in-house analysts.
- Demo account and educational materials for Forex beginners.
- Account protection through two-factor authentication
- Trading conditions are not specified on the website and must be requested from a client manager.
- Spreads on major currency pairs are higher than those of other brokers.
- Managed accounts are not available.
TU Expert Verdict
QuickTrade carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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QuickTrade User Reviews
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5-star
0%
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4-star
33%
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3-star
67%
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2-star
0%
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1-star
0%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria4 /10The trading and non-trading commissions of QuickTrade have been analyzed and rated as having High fees, with a fees score of 4/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
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Is QuickTrade Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria5.8 /10QuickTrade has a safety score of 5.8/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5.2 /10QuickTrade offers the following account options: Demo, Standard, Swap Free.
However, QuickTrade does not provide a Standard account, which can be a drawback for traders who prefer classic spread-based pricing models.
- Demo account
- Low minimum deposit
- Standard account with balanced trading conditions
- No VIP account option
- No ECN/Raw spread account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology4.2 /10QuickTrade received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6.5 /10QuickTrade offers a limited selection of trading assets compared to the market average. The platform supports 184 assets in total, including 90 Forex pairs.
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Trading Account Opening
We successfully registered an account with QuickTrade in 10 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at QuickTrade is $1.Score:We evaluated Trading Account Opening at QuickTrade by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.9 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at QuickTrade by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria4.9 /10
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FAQs
How are QuickTrade’s trading commissions and non-trading fees structured?
QuickTrade’s overall fee level is rated as high, with a commissions and fees score of 4/10, and above-average Forex trading fees on its Standard accounts. Spreads on EUR/USD typically range from 1.2 to 2.0 pips and on GBP/USD from 1.6 to 2.5 pips, and the broker does not offer ECN/Raw Spread accounts. Non-trading fees include no inactivity or deposit fees, and while the percentage withdrawal fee is 0%, a fixed $10 withdrawal fee is indicated.
What account types does QuickTrade provide and what are their main features?
QuickTrade offers Demo, Standard, Swap Free (Islamic), Spread-Based, Commission-Based, and Bonus Trading accounts, but does not provide ECN/Raw spread, Cent, Micro, VIP, or managed accounts. Trading can start from any amount because there is no required minimum initial deposit, and spreads start from 1.2 pips on Spread-Based accounts or from 0.05 pips plus a per-lot commission on Commission-Based accounts. The Islamic account mirrors the chosen account type but removes swap fees for clients in countries where Islam is the official religion.
What do user reviews and feedback indicate about QuickTrade’s overall client satisfaction?
QuickTrade has a user satisfaction score of 6.7/10 based on 3 reviews, with 33% 4-star and 67% 3-star ratings and no 1- or 2-star ratings. According to user reviews, this distribution suggests a generally moderate experience, with neither strongly positive nor strongly negative sentiment dominating.
How do traders describe QuickTrade deposits and withdrawals in their reviews and feedback?
QuickTrade’s deposit and withdrawal processes receive a low safety score of 4.2/10, and the broker is noted as offering limited payment options and accessibility. Supported methods include bank wire and Skrill, with no bank card, PayPal, Wise, BTC, or USDT, and the minimum deposit and withdrawal amounts are both $1, which may vary by account type and payment method. The review notes advantages such as no deposit fee, a low minimum withdrawal requirement, and bank wire availability, but also highlights the restricted choice of payment methods.
What markets and tradable assets can clients access with QuickTrade according to recent reviews?
QuickTrade provides access to 184 total tradable assets, including 90 currency pairs, along with stocks, commodity futures, and stock indices, but does not offer crypto, options, bonds, or ETFs. The broker also supports copy trading but does not provide PAMM investing or managed accounts. The review characterizes the overall asset selection as limited compared to the market average.
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