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Quantom Capital Review - is it scam or safe?

Quantom Capital Review - is quantomcapital.com scam or good forex broker?

RATING: 1 / 0 REVIEWS Quantom Capital
Quantom Capital is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading Accounts and Conditions

 

Trading account Min. deposit  Min. trade size  Max. leverage Spread
Basic  $100 0.01 1:200 3.5 pips, fixed

   

Quantom Capital offers trading in wide range of financial instruments via various account types, but has not disclosed any trading specifics. That is why we filled the table above with the data we got from the broker’s trading platform. As you can probably guess by the low score we gave Quantom Capital, we don’t recommend this forex broker. Read on to decide for yourselves whether investing with it is a good idea.

 

 

Quantom Capital Advantages

 

Huge selection of trading instruments

For all its faults, Quantom Capital at least offers huge selection  of tradeable assets. Its product portfolio includes many forex pairs, and CFDs on cryptocurrencies, indices, commodities, stocks, bonds and ETFs. The broker’s crypto coins product range is very wide, including Bitcoin, Ethereum, Ripple, Litecoin, Dash, ZCash, Ada, NEO, Bitcoin Cash, Stellar Lumens, and more.  

 

However, we would recommend to those of you who are into Bitcoin to check out the below link, instead of risking with Quantom Capital .

 

 

>> Reliable forex brokers offering Bitcoin trades <<

 

 

Up to 1:200 in leverage

Another possible benefit of this broker is the solid leverage levels it offers, reaching 1:200. Basically, a leverage of up to 1:200 will accommodate most trading styles. Although it might seem tempting to trade with such leverage, do not forget that higher leverage is associated with greater risk.

 

 

Quantom Capital Disadvantages

 

Unclear corporate situation, not licensed

Quantom Capital`s website lacks essential corporate information, such as the name of the company operating the brand. It only features physical address in Sofia, Bulgaria, as well as in London, UK. Yet, the broker’s website mentions nothing about regulation. Needless to say, whichever the company is operating Quantom Capital, it is not bound by any government regulator. This means that the broker is not authorized to do business on any regulated financial market, such as the EU, Australia, USA, etc. It also means that potential clients of this broker have no assurance whatsoever for the security of their funds.

 

No trading specifics whatsoever

Another clear-cut sign of trouble regarding Quantom Capital is the lack of any relevant information on trading conditions on the broker’s website. It has not disclosed what leverage levels it provides, nor any reference spreads, which is the good practice of all decent forex brokerages. Demo accounts are not available either. This is an obvious disadvantage that is actually very common among shady unregulated brokers.   

 

MetaTrader not supported

Quantom Capital offers its services on a web trading platform developed by Airsoft. This trading software is not bad, but it lacks many of the advanced features of the popular MetaTrader4 (MT4) platform.

 

The MT4 is user-friendly, easily customizable, has great charting options, and is especially popular for its automated trading bots (Expert Advisors). This is the reason why most traders know well and enjoy using this trading terminal.

 

 

>> Find the best MT4 brokers here <<

 

 

High spreads

We had to open a live trading account with Quantom Capital (without depositing) in order to sneak peek into its platform and see the spreads and leverage levels provided. We discovered that the broker’s spreads are actually very high, fixed at 3.5 pips on EUR/USD.

 

 

Quantom Capital `s web platform. Click on the image to view larger.

 

Here you may check our list of recommended brokers offering tighter spreads:

 

 

>> Lowest spread forex brokers<<

 

 

Conclusion

 

Quantom Capital is an unregulated broker that does not share much about its corporate situation and trading conditions on its website, which lowers considerably its credibility level.

 

We always advise our readers to select very carefully their investment intermediary and try to inform themselves as much as possible. It is best to choose among brokers regulated by trustworthy authorities, such as the UK’s FCA or Australia’s ASIC. It is also a good idea to check the broker’s name in the web to see whether there are any complaints or warnings against it.

 

>> Wanna trade with a broker licensed in the UK? <<

 

 

Let’s sum up the advantages and disadvantages of

 

Pros Cons
Huge selection of trading instruments Unclear corporate situation, not licensed
Up to 1:200 in leverage Zero clarity on trading conditions
  MetaTrader not supported
  High spreads

 

Latest news about Quantom Capital
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Traders` reviews for Quantom Capital

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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