Q8 Trade Review
Q8 Trade
Details
| Broker | Q8 Trade |
|---|---|
| Website URL | |
| Founded | 2017 |
| Headquarters | Amman, Jordan |
| Support Number | +397-65009636 |
| Support Types | Live chat , Phone , Email |
| Languages | English , Arabic |
| Trading Platform | Web Trader | MT5 | Mobile Trader |
| Minimum 1st Deposit | $250 |
| Bonus | Up to 25% Welcome Bonus |
| Leverage | Up to 1:400 |
| Spread | Fixed/Floating |
| Free Demo Account |
 |
| Account Types | Bronze , Silver , Gold , Platinum , Diamond , Islamic |
| Deposit Methods | Credit/Debit card , American Express , Wire transfer |
| Withdrawal Methods | Credit/Debit card , American Express , Wire transfer |
| Number of Assets | 1,000+ |
| Types of Assets | Forex , Commodities , Indices , Stocks |
| US Traders Allowed |  |
| Mobile Trading |
|
| Tablet Trading |
|
| Overall Score | 95 |
Q8 Trade is a reputable online trading platform aiming to become the biggest in the MENA region. The mother company is authorized, regulated, and licensed, wanting to comply with the strictest regulatory requirements.
Focused on offering services for clients in the Middle East and North Africa, Q8 Trade offers access to a wide range of instruments, including FX, local and foreign stocks, indices, as well as commodities. The broker operates via local offices in the GCC and North Africa, keeping close contact with customers via a wide range of communication channels.
Trading Platform
Q8 Trade offers access to a proprietary Web Trader platform that allows traders to trade wherever in the world they might be. The web-based trading software comes along with the Q8 Trade mobile app, available for free. When it comes to the Web Trader, it had been optimized so minimal clicking will ensure fast execution and user efficiency.
Innovative trading tools, daily news, and technical analysis, as well as advanced risk management tools, had been integrated into the platform. At the same time, clients can contact customer support directly from the platform via the live chat feature.
Alongside the proprietary software, Q8 Trade gives access to the popular MetaTrader 5, a multi-functional and multi-asset platform offering innovative analysis tools, customizable charts, and a user-friendly interface for optimal and enjoyable trading experience. Traders in the MENA region will benefit from one of the top trading software.
Lastly, the Q8 Trade mobile app works as a tool for both iOS and Android devices, ensuring traders can always keep an eye on the markets. It comes with powerful security features to keep account safe and secure, customizable charts, a wide selection of technical indicators, and fast deposits/withdrawals.
Account Types
To ensure broad access to the markets for a wide range of traders, Q8 Trade has a diversified offer when it comes to account types. Clients wanting to work with this broker can choose between 5 different accounts:
- Bronze
- Silver
- Gold
- Platinum
- Diamond
The minimum deposit at Q8 Trade is $250 via credit/debit card or American Express, which is also the minimum amount to open a Bronze account. Even though it is the most basic type, traders get access to daily market analysis, ebooks, the Hawks Academy basic courses, video access, and up to 1:400 maximum leverage (Q8 Trade had dynamic leverage per category of assets and at the same time, the leverage decreases as the trade size increases). They won’t have access, through to an account manager.
For silver, gold, platinum, and diamond account holders, Q8 Trade provides a welcome bonus ranging from 10% to 25%, as well as an upgrade bonus between 5%-20%. Trading alert signals, 24/5 signals platform access, direct line to the trading room team, exemption from withdrawal fees, or more competitive commission plans, are some of the added features, which come as the account type is upgraded.
Traders can make deposits/withdrawals via credit/debit cards, wire transfers, or American Express. Deposits are free of charge, while the withdrawal fee is $30. Platinum and diamond account holders will get an exemption from withdrawal fees.
Trading Conditions
Q8 Trade provides access to a wide range of instruments, including currency pairs, stocks, indices, and commodities. The Q8 Trade forex trading offer is diverse, ranging from majors, minors, and exotics. Standard spreads are competitive, overnight swap applies, and the maximum leverage is set at 1:400.
A broader range of stocks is being covered by the broker, including local stocks as well as stocks all around the world. Clients will benefit from a 0.1 standard spread on all stock instruments and up to 1:10 leverage. Positions held overnight will be subject to an overnight charge.
There are 16 different instruments based on commodities, including cocoa, coffee, gold, platinum, silver, oil, and others. The maximum leverage for commodities is 1:100, while traders must not forget the overnight charge.
Lastly, when it comes to indices, Q8 Trade had included a broad selection of stock market indices all around the world, available for trading with 1:100 leverage and small spreads. Traders wanting to trade more liquid instruments will benefit from the integration of indices in the offer.
Customer Support
To stay in touch with customers, Q8 Trade has several communication channels. The most important one is the very responsive live chat feature. At the same time, the company provides 4 different phone numbers from Kuwait, the United Arab Emirates, Cyprus, and Bahrain. Lastly, traders can use the support email address.
Summary
Q8 Trade is an online trading brand providing access to a wide range of competitive trading features for traders based in the MENA region. With futuristic trading software, broad instruments coverage, a wide variety of account types, and reliable educational resources, the broker wants to be one of the top choices for traders looking for a trusted trading partner.
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