QuantoMarkets Review - is it scam or safe?

QuantoMarkets review - Is quantomarkets.com scam or good forex broker?

RATING: 1.1 / 0 REVIEWS

QuantoMarkets is an offshore broker. Your money is not safe.

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QuantoMarkets is an offshore forex and CFD broker offering a selection of currency pairs and some cryptro CFDs with a choice of three account types and a leverage of up to 1:300 on a web based trading platform.

Account type	Min. deposit	Max. leverage	Spreads
Silver Accpunt	$250	1:300	n/a
Gold Account	$10 000	1:200	n/a
Premium Account	$20 000	1:50	0,6 pips

QuantoMarkets Advantages:

Plenty of trading assets, including exotic currencies and crypto coins

The selection of forex pairs is not bad – over 50 pairs with a number of exotic currencies like Hungarian Forint, Polish Zloty, Swedish Krona, Norwegian Krone, Danish Krone, Chinese Yuan, Mexican Peso, Singapore Dollar, Hokg Kong Dollar, South African Rand and Turkish Liar.

Other trading instruments include CFDs on oil, silver and gold, as well as 9 indices, stocks and even some crypto coins – namely AICoin, Bitcoin Cash, Bitcoin, Ethereum, Monero, Ripple, Zcahs, Litecoin. Besides, here you may also check our list of brokers trading with Bitcoin CFDs:

>>Bitcoin Forex Brokers<<

Leverage of up to 1:300

If there is one definite advantage with QuantoMarkets this is the relatively high leverage. Take a note that since the beginning of August last year, in an effort to limit retail investment risks, the European Securities and Markets Authority caped the maximum leverage allowed with forex transactions at 1:30. And as similar restrictions are already in pace on markets like the US and Japan, that leaves Australia the only major regulatory hub, where higher leverage is still available. Here you may check our list of brokers, regulated in Australia:

>>Brokers regulated in Australia<<

Acceptable minimum deposit requirement

You can start trading with QuantoMarkets with just 250 USD and this is fine. Still have in mind that some big, well established players like FBS and IG offer trading accounts without a minimum deposit requirement at all.

Popular e-wallets accepted as payment methods

QuantoMarkets accepts payments with popular e-wallets like Skrill, Neteller, WebMoney and AliPay, major credit cards like VISA and MasterCard, as well as wire transfer. However, we do not see the option to pay with Bitcoins so here you may check our list of brokers, accepting Bitcoins as a payment method:

>>Forex Brokers Accepting Bitcoin<<

QuantoMarkets Disadvantages:

An offshore broker without a license

QuantoMarkets is owned and operated by Quanto Global Corp – a company based on the Marshall Islands, but all Payment Processing is provided by GIM Limited with a contact address in Budapest Hungary.

Unfortunately our research shows that both companies are not licensed to provide financial services on regulated markets like the European Union or Australia and that significantly lowers the reputation of the broker.

As a rule, unregulated, offshore brokers are not to be trusted as they are completely unaccountable for the funds invested with them.

Brokers regulated by official financial authorities like the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC) on the other hand are reliable as they have to follow strict rules, among which to to provide a negative balance protection to their clients, to keep all trader's funds in a segregated, from their own account, to file regular reports, to allow external audits, to maintain at all times a certain minimum operational capital and even to insure part of the invested capital.

You may not know, but if you trade with a FCA regulated broker the first 50 000 GBP in your trading account will be covered by a special compensation fund, even if your broker happens to be insolvent. Similarly, with a CySEC broker the insured amount is 20 000 EUR. Besides, here you may check our list of FCA regulated brokers:

>>FCA Regulated Forex Brokers<<

No demo account available

Unfortunately, the broker does not offer a demo account so we were not able to have a taste of the trading conditions first hand. Certainly, attractive spreads are promised with the premium accounts, but we can not say what they are with the opening Silver Account, which is the only one without an excessively high minimum deposit requirement - for the Gold and the Premium accounts you will have to invest at least 10 000 USA or 20 000 USD respectively. And besides, here you may check our list of brokers offering tighter spreads:

>> Lowest spread forex brokers<<

Be aware of the trading bonuses offered by QuantoMarkets

If you accept a trading bonus by the broker you will be able to withdraw your profit only after you have reached a trading volume of at least 10 000 times the bonus. (One standard lot equals 100 000 base currency units.) See for your self:

MetaTrader4 not supported

On first sight the web based trading platform offered by QuantoMarkets looks neat as charts are provided by TradinView and yet, the platform lacks many standard features available with well known trading solutions like the MetaTrader4.

For example we miss the option to run automated trading sessions with the help customizable trading bots, as well as the numerous market indicators. So here you may also check our list of brokers, supporting MetaTrader4:

>>MT4 Brokers<<

Conclusion:

We will not recommend you to trust your money with the broker for two reasons – QuantoMarkets is an offshore broker without a license and that makes them totally unreliable and second we are not sure about the trading conditions they offer with their standard account, and you can always chose from reliable well established brokers like FXTM, EasyMarkets, XM, FXCM, FxPro and FBS which are properly licensed and offer tighter spreads.

Latest news about QuantoMarkets

No news about QuantoMarkets. Check back later.

Broker	Advantages

	FXTM a regulated forex broker (regulated by CySEC, FCA and IFSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
	easyMarkets is a CySEC and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus.

	XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
	FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
	FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
	FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
	FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
	HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.
	Exness is a leading forex broker, offering MT4 and MT5 platforms. Traders can take advantage from a true ECN environment and trade on ultra tight spreads, starting from 0 pips.

Broker	Country	Regulation	Platform	Min Deposit	Review
	US	CFTC, NFA	MT4, Web, in-house	$50	Review Website
	Cyprus, UK, Belize	CySec, FCA, IFSC	MT4, MT5, Web	$10	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, Web, Mobile app	$100	Review Website
	Australia	ASIC	MT4, MT5, IRESSTrader	$100	Review Website
	UK, Cyprus, Australia	FCA, CySec, ASIC	MT4, MT5	$5	Review Website
	UK, Australia	FCA, ASIC	MT4, Trading Station, NinjaTrader	$50	Review Website
	UK, Cyprus, UAE, South Africa	FCA, CySEC, DFSA, FSB	MT4, MT5, FxPro Markets, cTrader	$100	Review Website
	Cyprus	CySEC	MT4, MT5, Web	$1	Review Website
	Belize	IFSC	MT4, MT5	$100	Review Website
	Cyprus, UK, South Africa, UAE	CySec, FCA, FSCA, DFSA	MT4, MT5, Web	$5	Review Website
	Cyprus, UK	CySEC, FCA	MT4, MT5	$1	Review Website
	Australia	ASIC	MT4, MT5	$100	Review Website
	UK	FCA	MT4, Web, MT4 for Mac	$100	Review Website

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