Forex Qfx Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.4

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.6

Business 0.9

Risk Control 1.2

Software 1.9

Regulatory 1.4

Terminal Snapshot

Qfx Trading Conditions

Registered Region United Arab Emirates

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@qfx9.io

Contact Number N/A

Website N/A

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including Forex and Commodities
Multiple account types: Micro, VIP, and ECN
Low minimum deposit requirement starting at $100
Maximum leverage of 1:200 available
Availability of a demo account for practice trading

Cons

Not regulated by any financial authority
Limited trading instruments focused only on Forex and Commodities
Only offers the MT4 trading platform
Customer support available solely via email
Newly established, with less than 5 years of operational history

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Qfx	GTCFX	APM Capital	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	United Arab Emirates	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.4/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Qfx Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Micro Account	Beginners and conservative traders	Low minimum deposit, smaller trade sizes	Suitable for those new to trading
VIP Account	Experienced traders	Personalized support, enhanced trading conditions	Typically for those with higher budgets
ECN Account	Active traders and high-frequency traders	Direct market access, lower spreads	Ideal for competitive pricing in Forex and Commodities

Account Opening Process

Opening an account with Qfx is a straightforward process that can be completed online in a matter of minutes. Here are the steps involved: 1. Visit the Qfx website and click “Open Account.” 2. Fill out the online application form, which will require your personal, employment, and financial information. Be sure to have your identification documents (passport or ID card) and proof of address ready for uploading. 3. Fund your account using the available deposit methods. 4. Verify your identity, typically by submitting scanned copies of your ID documents and proof of address. 5. Once verified, you can begin trading. The account structure allows for flexibility, including the option to upgrade to a professional account later if desired.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	Varies	Varies	Competitive spreads for major pairs
CFDs (Stocks, Indices)	Varies	Varies	Varies based on the specific asset
Cryptocurrencies (BTC, ETH)	Varies	Varies	Depends on market conditions

Other Fees

Traders should be aware of the following additional fees associated with Qfx: Deposit and withdrawal fees may apply based on the chosen transaction method. Inactivity fees may be charged if no trading activity occurs for a specified period. Platform usage fees are not specified. Overnight interest (swap rates) may apply to positions held overnight. Currency conversion fees could also be applicable when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Qfx User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

James Smith

Dubai

★ ★ ★ ★ ★

I had high hopes for Qfx, but my withdrawal requests have been delayed multiple times. Customer support is only available via email, and their response times have been frustratingly slow. I feel uneasy trading with an unregulated broker like this.

Sarah Johnson

Abu Dhabi

★ ★ ★ ★ ★

Qfx has a user-friendly platform and offers a good range of Forex pairs. I appreciate the demo account feature, which helped me practice before trading real money. However, the lack of regulatory oversight is a concern.

Michael Lee

Sharjah

★ ★ ★ ★ ★

My experience with Qfx has been terrible. I tried to withdraw my funds, and it took ages with no clear communication. The unregulated status makes me feel very insecure about my investment.

Emily Chen

Ajman

★ ★ ★ ★ ★

I’ve been trading with Qfx for a few months now, and I’m impressed with their MT4 platform. The execution speed is great, and I find their trading conditions competitive. Just wish they had more options for support.

United Arab Emirates Market