Forex QuickTrade Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.5

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 1.7

Business 1.0

Risk Control 1.3

Software 2.0

Regulatory 1.5

Terminal Snapshot

QuickTrade Trading Conditions

Registered Region South Africa

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email hello@quicktrade.world

Contact Number +27829083332

Website www.quicktrade.world

Balanced Review

Pros & Cons

Pros

Regulated by the Financial Sector Conduct Authority (FSCA)
Diverse range of trading instruments including forex, commodities, indices, stocks, and cryptocurrencies
Access to MetaTrader 5 trading platform with advanced features
Transparent fee structure with no deposit or withdrawal fees
Multilingual customer support available 24/5

Cons

Limited range of trading assets compared to competitors
Only accounts available in South African Rand (ZAR)
Lack of comprehensive educational resources for traders
Inadequate clarity on trading conditions and fees
Limited payment methods for deposits and withdrawals

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	QuickTrade	FXVIEW	Naqdi	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	South Africa	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	1.5/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does QuickTrade Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
ZAR Account	South African traders	Trade in local currency; no currency conversion fees	Ideal for accessing all trading instruments
USD Account	International traders	Trade in USD; convenient for global markets	Supports full access to various financial instruments
Demo Account	Beginners or practice traders	Risk-free trading environment; mirrors live market conditions	Useful for learning and testing strategies

Account Opening Process

To open a QuickTrade account, follow these steps: Start by clicking on the “Start Trading” or “Trade Now” buttons on the QuickTrade website. Next, complete the registration form by providing personal, employment, and financial information. You will also need to submit identity verification documents, such as a valid ID and proof of address. Once your account is verified, you can fund it and begin trading. Note that there is flexibility to upgrade to a professional account later if your trading needs change.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	0.8	$0	Tight spreads for major currency pairs
CFDs (Stocks, Indices, Commodities)	Variable	Low	Spreads vary based on market conditions
Cryptocurrencies	1.0%	0.1%	Variable depending on market volatility

Other Fees

QuickTrade aims for transparency in all its fees. There are no deposit fees for funding your account, and withdrawal fees are absent, though bank charges may apply. Inactivity fees may be charged after a certain period of inactivity. Additionally, any overnight interest (swap rates) and currency conversion fees, typically around 1.5%, will also apply. The platform ensures that all costs are clearly outlined to help traders manage their expenses effectively.

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

QuickTrade User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Doe

Cape Town

★ ★ ★ ★ ★

I had high hopes after signing up with QuickTrade, but my experience has been disappointing. Withdrawals take longer than expected, and customer support is not responsive. I often feel left in the dark about my account status.

Sarah Smith

Johannesburg

★ ★ ★ ★ ★

Overall, QuickTrade has been a solid choice for me. The MetaTrader 5 platform is user-friendly and packed with features. I’ve had quick execution on trades, and while the support could be improved, my trading experience has been positive.

Michael Brown

Durban

★ ★ ★ ★ ★

I faced issues with my account verification process, which took ages. When I reached out for help, the response time was unacceptable. I wouldn’t recommend QuickTrade based on my experience.

Emily White

Pretoria

★ ★ ★ ★ ★

QuickTrade has been fantastic for my trading journey! The rapid execution of trades and the variety of instruments available have helped me diversify my portfolio. Their customer service is also quite helpful when I have questions.

South Africa Market