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.
QuickTrade is a financial company with over 20 years of experience in the financial markets, providing advisory and brokerage services. It is licensed by the South African regulator FSCA (The Financial Sector Conduct Authority). With offices in African countries and the U.S., QuickTrade acts as a liquidity provider for its clients, including institutional ones. Its MT5 platform offers CFD trading on currency pairs, U.S. stocks, global indices, and commodities.
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.
Top-5 Brokers Traders Prefer
QuickTrade User Reviews
-
5-star
0%
-
4-star
33%
-
3-star
67%
-
2-star
0%
-
1-star
0%
-
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
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of QuickTrade with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, QuickTrade’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
QuickTrade Standard spreads QuickTrade OANDA FOREX.com EUR/USD min, pips 1.2 0.1 0.7 EUR/USD max, pips 2.0 0.5 1.2 GPB/USD min, pips 1.6 0.1 0.9 GPB/USD max, pips 2.5 0.5 1.4 Does QuickTrade support RAW/ECN accounts?
As we discovered, QuickTrade does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with QuickTrade. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
QuickTrade Non-Trading Fees QuickTrade OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 10 0-15 0 Inactivity fee ($, per month) 0 0 15 -
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
QuickTrade Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level FSCA SA
Full Name Financial Sector Conduct Authority of South Africa Country of regulation South Africa Investor Protection Fund No specific fund Regulation Level Tier-2 QuickTrade Security Factors Foundation date - Negative balance protection YesVerification (KYC) Yes -
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, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Demo account
- Standard account with balanced trading conditions
- Low minimum deposit
- Micro lots are not available
- No Cent account
QuickTrade account types vs top competitors QuickTrade Trading.com Plus500 Standard YesYesYesECN/Raw spread NoNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free YesNoNoVIP NoNoNoManaged NoNoNoQuickTrade accounts trading conditions
QuickTrade offers various account types that differ in commission calculation models and amounts, as well as the availability of additional options such as bonuses and swaps. Trading on any of the available accounts can begin with any amount, as the broker does not require a minimum initial deposit.
Account types:
Account Type Description Spread-Based Account An account where trading commissions are in the form of spreads. The minimum spread is 1.2 pips. Commission-Based Account An account where the broker applies a spread starting from 0.05 pips and a per-lot commission depending on the trading instrument. Islamic Account This account offers the same features as the accounts mentioned above (at the client's choice) but without swap fees. This account is specifically designed for residents of countries where Islam is the official religion. Bonus Trading Account Available during the bonus promotion period, the bonus mirrors the conditions of the account type you choose: Spread-Based or Commission-Based Traders can test the Spread-Based Account conditions with a demo account. However, to open a live account, verification of identity and address is required through the uploading of necessary documents.
QuickTrade offers a variety of trading conditions across its accounts to cater to different trading styles and strategies.
-
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.
QuickTrade offers limited payment options and accessibility, which may impact its competitiveness.
- Minimum deposit below industry average
- No deposit fee
- Low minimum withdrawal requirement
- Bank wire transfers available
- Wise not supported
- Only major base currencies available
- Limited deposit and withdrawal flexibility, leading to higher costs
What are QuickTrade deposit and withdrawal options?
QuickTrade offers a limited selection of deposit and withdrawal methods, including Bank Wire, Skrill. This limitation may restrict flexibility for users, making QuickTrade less competitive for those seeking diverse payment options.
QuickTrade Deposit and Withdrawal Methods vs Competitors QuickTrade Trading.com Plus500 Bank Wire YesYesYesBank card NoYesYesPayPal NoNoYesWise NoNoNoBTC NoNoNoWhat are QuickTrade base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. QuickTrade supports the following base account currencies: USD, ZAR.
What are QuickTrade's minimum deposit and withdrawal amounts?
The minimum deposit on QuickTrade is $1, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact QuickTrade’s support team.
-
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.
- 90 supported currency pairs
- Indices trading
- Copy trading platform
- Limited asset selection
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by QuickTrade with its competitors, making it easier for you to find the perfect fit.
QuickTrade Trading.com Plus500 Currency pairs 90 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 184 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products QuickTrade offers for beginner traders and investors who prefer not to engage in active trading.
QuickTrade Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading YesNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
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 /10We 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. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Low minimum deposit requirement
- Fast registration time (up to 15 minutes)
- Fully online account opening process
- Account approval may require extra time depending on the documentation.
QuickTrade account opening QuickTrade Trading.com Plus500 Online Registration YesYesYesMinimum deposit $1 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 10 20 KYC time (days) 2 2 3 Is QuickTrade available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
Account opening and management are carried out through the user account, so creating one is the first step to start trading with QuickTrade.
The first step is to initiate registration on the official QuickTrade website. To do this, click "Start Trading" or “Trade Now.”
Provide your personal information, including your first name, last name, date of birth, phone number, address, and email. Upload two documents to verify your identity and residence. Your information is sent to the Financial Intelligence Centre (FIC). Once verified, the broker opens a live account and sends the details including account number and password via email or SMS.
Features of QuickTrade’s user account:
- Creating a live account..
- Installing trading platforms..
Additional features of QuickTrade’s user account allow traders to:
- Deposit funds and withdraw money.
- Create demo accounts.
- Use the economic calendar.
- Enable two-factor authentication.
- View IB program statistics.
- Copy personal manager contacts.
-
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 /10The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.
In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.
InformationThe company provides trading support from Monday to Friday from 08:00 to 16:30. Technical support is available from Monday to Saturday from 08:00 to 22:00, and on Sunday from 08:00 to 16:30. The times are given in UTC+02:00.
- The chat operates 7 days a week
- Personal manager assistance is available
- There is no 24/7 access to the support team
- To contact a live person in chat, you need to provide your phone number
Traders can contact QuickTrade through the following methods:
- Online chat on the website and user account.
- Phone communication.
- Email.
- WhatsApp.
- Feedback form.
- Social media.
Clients can visit the company's offices in 8 countries for in-person assistance.
Contacts Registration address QuickTrade (PTY) Ltd, Plot 54368, Western Commercial Road, Ground & First Floor, The Hub, iTowers, CBD, Gaborone, Republic of Botswana Regulation FSCA Official site https://www.quicktrade.world/ Contacts hello@quicktrade.world +27 82 908 3332, +27 76 614 7399
Best QuickTrade Alternatives
FAQs
How are QuickTrade’s trading fees and non-trading charges described in the review?
QuickTrade’s overall fee level is rated as high, with a fees score of 4/10, mainly due to above-average Forex trading fees and the absence of an ECN/Raw Spread account. For Standard accounts, EUR/USD spreads typically range from 1.2 to 2.0 pips and GBP/USD from 1.6 to 2.5 pips, while non-trading fees include no deposit, withdrawal percentage, or inactivity fees, but a fixed $10 withdrawal charge.
What types of trading accounts can traders open with QuickTrade and how do they differ?
QuickTrade offers Demo, Standard, Swap Free (Islamic), Spread-Based, Commission-Based, and Bonus Trading accounts, but does not provide Cent, Micro, ECN/Raw spread, VIP, or managed accounts. The Spread-Based account charges commissions through spreads starting from 1.2 pips, while the Commission-Based account combines a spread from 0.05 pips with a per-lot commission, and the Islamic account mirrors these structures without swap fees for eligible clients.
What do QuickTrade user reviews and feedback scores indicate about client experience?
QuickTrade has a user satisfaction score of 6.7/10 based on 3 reviews, with 33% of ratings at 4 stars and 67% at 3 stars, and no 5-star, 2-star, or 1-star ratings. According to user reviews, this distribution suggests a mixed but moderately positive client experience rather than strongly favorable or strongly negative sentiment.
Which markets and tradable assets are available on QuickTrade according to recent reviews and comments?
QuickTrade supports 184 tradable assets, including 90 currency pairs, along with stocks, commodity futures, and stock indices, but does not offer crypto, ETFs, options, bonds, PAMM investing, or managed accounts. The review also notes that QuickTrade provides a copy trading platform as an additional investment option for those who prefer not to trade actively.
How do reviews describe the QuickTrade account opening process and requirements?
The review states that opening an account with QuickTrade is fully online, took 10 minutes for registration, and required 2 business days for KYC verification, with a minimum deposit of $1. It explains that clients must provide personal details, upload identity and residence documents, and then manage live and demo accounts, funding, withdrawals, and tools like an economic calendar and two-factor authentication through the user account area.
Articles that may help you
-
#For Beginners
QuickTrade Deposit Bonus & Other Promotions 2026
October 2026 Mikhail Vnuchkov -
#For Beginners
QuickTrade Available Countries – Full List (2026)
October 2026 Andrey Mastykin -
#For Beginners
QuickTrade Withdrawal Fees, Time & Payment Methods (2026)
October 2026 Mikhail Vnuchkov -
#For Beginners
Best ECN Brokers: Reviewed and Rated
October 2026 Parshwa Turakhiya -
#For Beginners
Volume Spread Analysis | Full Guide And Trading Strategies
October 2026 Andrey Mastykin -
#For Beginners
Why Trade the 4-hour Timeframe? Pros and Cons of 4H Trading
October 2026 Upendra Goswami -
#For Beginners
Why Is It Hard to Stop Trading After Losses? | TU Research
October 2026 Anastasiia Chabaniuk -
#For Beginners
Lowest Leverage In Forex: A Complete Guide
October 2026 Aleksandra Chaikina -
#For Beginners
October 2026 Aleksandra Chaikina