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Q8 Trade Review and Tutorial

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Q8 Trade Facts & Figures

Trade Q8 is an online broker in the MENA region offering forex & multi-asset trading.

 

Awards

• Best Regional Forex Trading Platform 2018 – Global Brands Magazine
• Fastest Growing Forex Brand MENA 2018 – International Business Magazine

Bonus Up to 25% welcome bonus
Instruments Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account Yes
Min. Deposit $250
Pay Methods Visa
Min. Trade 0.01 lots
Regulated By FSA (Seychelles)
MetaTrader 4 Yes
MetaTrader 5 No
cTrader No
ECN Account No
DMA Account No
Mobile Apps Yes
Auto Trading Yes
Social Trading Yes
Copy Trading No
Trade Signals Yes
Islamic Account Yes
CFD
FTSE Spread 4.5
GBPUSD Spread 1.4
Oil Spread 1
Stocks Spread 0.1
Leverage 1:400
Forex

Trade a mix of online currency pairs with leverage.

 

GBPUSD Spread 1.4
EURUSD Spread 1.5
EURGBP Spread 1.9
Assets 45
Cryptocurrency

Trade Bitcoin against the US Dollar.

 

Spread 100
Coins BTC
Risk Warning – Your capital is at risk

Q8 Trade is a forex merchant situated in the Middle East with workplaces in Limassol and Kuwait City. The specialist offers two stages, including MT4, in addition to a versatile application and a few fantastic exchanging assistants. In this survey of Q8 Trade, we cover withdrawals, expenses, demo accounts, and the site login measure.

Q8 Trade Overview

Q8 Trade is the brand name of MarketFinancials Limited, authorized and controlled by the Financial Services Authority (FSA) of Seychelles. Since 2017, the agent has given different instruments, Islamic records and cross-stage exchanging. 

Q8 Trade has workplaces in Kuwait, the UAE, Cyprus, and Bahrain. Also, with a considerable lot of its customers from Dubai, Qatar, Saudi Arabia, Amman, and Israel, the agent means to extend its quality in the Middle East and North Africa.

Trading Platforms

Q8 Web Trader

The intermediary’s restrictive web stage is not difficult to get directly from your web program and is given for nothing. The location offers client proficiency with a simple explore the interface and quick execution. 

Highlights include: 

  • 9 time spans in addition to many specialized pointers 
  • Client assistance using telephone, email, and live visit 
  • Day by day news and technical investigation 
  • Progressed hazard the executive’s instruments 
  • 6 diagram types in addition to drawing instruments 
  • Constant statements

MetaTrader 5

MetaTrader 5 is a reasonable choice for further developed traders and can be downloaded from the dealer’s site. 

Not at all like MT4 and the Q8 Web Trader, MT5 offers 21 distinctive periods on numerous graph types for ideal customization. The stage likewise offers more than 80 specialized pointers and graphical items, Depth of Market see, an entire arrangement of exchanging orders, in addition to finish contributing history.

Markets

Q8 Trade offers 45 cash sets, 1 Bitcoin pair, 16 products (farming, valuable metals, and energies), more than 150 worldwide stocks, and above 25 files. This is a sensible scope of items. However, the organization could extend its digital money offering.

Fees

Q8 Trade doesn’t charge commissions, be that as it may, spreads incorporate an increase so seem higher than contenders. Spreads on significant matches, for example, EUR/USD, are around 1.5 pips. Raw petroleum is about 3 pips, and the FTSE 100 around 4.5 focuses. 

The specialist charges trade expenses (not pertinent to Islamic record-holders) just as a $30 latency charge on accounts left limp for more than 90 days.

Q8 Trade Leverage

The most significant influence offered at Q8 Trade is 1:400 for forex. Lists and items can be utilized up to 1:100 and load up to 1:10. Exchanging on impact can imply a significant degree of hazard if not explored as expected.

Mobile Apps

Q8 Trade offers its web-exchanging stage as a portable application, accessible on iOS and Android cell phone and tablet gadgets. The application provides customizable diagrams and a wide choice of specialized pointers. Nonetheless, the application comes in only two dialects, English and Arabic, and some regrettable surveys highlight moderate client assistance and technical issues. 

Then again, clients could decide on the attempted and tried MT5 portable application for an excellent and practical exchanging experience. The application offers similar highlights as the work area stage, however, with fewer custom markers. The application is accessible for download onto iOS and Android (APK) gadgets from the App Store and Google Play.

Payment Methods

Deposits

Q8 Trade offers stores through bank wire move and cards (Visa, Mastercard, or American Express) as it were. There are no expenses for stores except for traders should check for any costs charged by their bank or card suppliers. The base store for cards is $250, and for bank wire, it’s $1,000.

Withdrawals

Withdrawals should be made using the same strategy that the first store was created. Tragically there is a $30 charge with leaves, which is genuinely high. Platinum and Diamond account holders are absolved from this expense. The base withdrawal for cards is $25, and for bank wire, it’s $100. 

Preparing times shift between 5 – 10 working days, in addition to the time, it takes for assets to show up in your record, which relies upon your bank.

Demo Account

Q8 Trade’s demo account is a decent alternative for anybody hoping to scrutinize their exchanging abilities inside a virtual climate. Clients can get to continuous outlines with $50,000 in virtual credit and refine their abilities in investigation and hazard the executives. You can likewise test the agent’s MT4 stage and versatile applications.

Q8 Trade Bonuses

Q8 Trade offers welcome rewards with Silver, Gold, Platinum, and Diamond accounts, going from 10% to 25% of the underlying store. There is additionally a 5% to 20% update reward for customers who re-store assets into their record. However, Bronze record-holders aren’t qualified.

Regulation

MarketFinancials Limited (Q8 Trade) is approved and controlled by the Seychelles Financial Services Authority (FSA) with permit number SD006. As of late, the FSA has found a way ways to fix its administrative practices and guarantee a more steady structure for monetary organizations.

Additional Features

Q8 Trade’s most striking instructive apparatus is the Hawks Trading Academy, giving admittance to online classes, digital books, courses, and articles to novices who wish to become genuine traders. 

Different assets accessible incorporate a market scanner for the itemized investigation of forex sets, a financial schedule, Trading Central signs, and the Duplitrade computerized duplicate exchanging framework.

Account Types

Q8 Trade offers 5 record types: 

  • Bronze – $250 most miniature store, 1.8 pips standard spreads, 0.01 parcels most minor request, Hawks Academy essential courses 
  • Silver– $1,500 most miniature store, 1.8 pips standard spread, 0.01 parts most minor request, Hawks Academy fundamental courses, account director, 10% welcome reward 
  • Gold  – $10,000 most miniature store, 1 pip standard spreads, 0.01 parts most minor request, Hawks Academy fundamental courses, account administrator, 15% welcome reward, exchanging signals 
  • Platinum– $50,000 most miniature store, 0.7 pips standard spreads, 0.01 parts least request, Hawks Trading Academy fundamental and progressed courses, account administrator, 20% welcome reward, exchanging signals, exception from withdrawal expenses 
  • Diamond – $250k+ store, 0.4 pips standard spreads, 0.01 parts least request, Hawks Trading Academy fundamental and progressed courses, account administrator, 25% welcome reward, exchanging signals, exclusion from withdrawal expenses 

Generally, the records at Q8 Trader are probably going to request more experienced traders instead of fledglings. Most traders would need to come in at the Bronze level. In any case, the $250 most miniature store is very high contrast with different specialists. Besides, more tight spreads are just achievable once you have $10,000 to store.

Benefits

Traders partake in a few advantages with Q8 Trade: 

  • Preparing focus 
  • Welcome rewards 
  • Exchanging Central signs

Drawbacks

To work on the assistance, Q8 Trade could address the accompanying regions: 

  • High withdrawal charges 
  • Restricted installment alternatives 
  • High most miniature stores in starter accounts

Trading Hours

Most forex sets can be traded between Monday 00:00 and Friday 23:59 KSA. Valuable metals are likewise open Monday to Friday from 01:00 to 24:00 KSA. Any remaining business sectors change contingent upon the particular resource and can be found in the agreement determinations.

Customer Support

Help is accessible Sunday to Friday until 00:00 GMT+2 through phone, email, or live visit. The live talk logo can be situated in the site’s base right-hand corner, and answers are typically gotten within 20 minutes. The help email address is support@q8trade.com. 

To contact the group using the telephone: 

  • United Arab Emirates: +971-45869122
  • Kuwait: +96522279506 +96522279507
  • Cyprus: +357-25654189
  • Bahrain: +973-65009636

There is likewise a grievance structure in the help part of the site.

Security

MT5 has gained notoriety for security, with SSL encryption and two-factor validation as standard. Nonetheless, Q8 Trade isn’t straightforward with the degree of safety on its foundation or exchanges through its authority site. This survey might want to see the intermediary supplier further detail on how it ensures client information.

Q8 Trade Verdict

Q8 Trade gives exchanging forex, cryptos, stocks and products through an exclusive work area and versatile application, just as the confided MT5 stage. The instruction community is an extraordinary component for fledglings. Notwithstanding, the high spreads and withdrawal charges may be a significant issue for a few.

Accepted Countries

Q8 Trade acknowledges traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, etc. most different nations. 

Traders can not utilize Q8 Trade from United States, Canada.

Alternatives to Q8 Trade

If you are searching for options in contrast to Q8 Trade, we have arranged a rundown of the leading 5 representatives that are like Q8 Trade beneath. This rundown of representatives like Q8 Trade is set by similitude and incorporates organizations acknowledging traders from your area. 

  1. OctaFX – OctaFX offers multi-resource exchanging on a scope of stages and versatile arrangements. 
  2. RoboForex – RoboForex is a multi-resource online representative contributing incredible exchanging assistants. 
  3. FXOpen – FXOpen is a profoundly directed FX, and CFD agent was offering different exchanging stages. 
  4. FBS – FBS is a top online intermediary offering MT4 and MT5 exchanging across a scope of instruments. 
  5. FP Markets – FP Markets is a multi-resource intermediary offering a decision of exchanging stages.

FAQ

Is Q8 Trade legit?

Q8 Trade is a real organization that holds an administrative authority permit with the Financial Services Authority (FSA) in Seychelles.

Where is Q8 Trade based?

Q8 Trade is situated in a few neighbourhood areas in the MENA locale, with its virtual office in Amman, Jordan. There are likewise extra help workplaces in Limassol, Cyprus, and Kuwait City.

How do I download the Q8 Trade app?

iOS and versatile Android clients can download the application from the App Store or Google Play store.

Do Q8 Trade charge commissions?

No, fees at Q8 Trade are included in the spread and the rollover commission, which can be found in the contract specifications.

How do I open a Q8 Trade account?

You can pursue a demo or live record utilizing the Sign Up logo in the top corner of the site. Live record clients need to set aside an installment straight in the wake of finishing the enrollment structure. Demo account clients go straight through to the mimicked exchanging stage.

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