Q8 Trade Review 2022: Must Read Before Trading

Introduction

Q8 Trade is a trading platform launched in 2017. This company is from Jordan, Owned by Q8 securities. GCC (Gulf CooperationCouncil) Acknowledged Q8 Securities. In a short time, Q8 trade has become popular in global financial markets. Q8 provides a smooth platform that offers trading with a wide range of assets, forex currency pairs, trading commodities, indices, stocks, Trading CFDs, etc.  Educational Empowerment Broker Project started by Q8 trade provides education through videos and Ebooks. Q8 has won Best Regional Forex Trading Platform 2018 Region: MENA(Global Brand Magazine) and Fastest Growing Forex Brand 2018 Region: MENA (International Business Magazine)

Pros and Cons:

Pros

  • Islamic Account
  • Free Education
  • Multiple trading platforms like Mobile App, Web Trader, Meta Trader.
  • Trade indicators
  • Competitive spreads

Cons

  • Only available in Arabic and English.

Is Q8 Trade Scam: Regulations

MARKETFINANCIALS LIMITED manages Q8 trade. The company is authorized and regulated by Seychelles Financial Services Authority (FSA) and licensed by it. The license number and registration number 8413711-1]. Govern by Consolidated Securities Act, 2007.

Q8 Trade Trading Account Types

There are different types of accounts and plans for Q8 trade:-

Q8 Trade Demo Account

The trading demo account provides a mirror environment to Q8 trade registered users. A demo account can be to practice. There’s no risk involved financially means no risk of losing money in the demo account. You get $50,000 virtual money to the practice. You can also test the MP4 and mobile from the demo account.

Q8 Islamic account

Q8 trade Islamic account is helpful for trading and holding positions without any interest. It has no swap charges. It still contains all the benefits without any interest or swap charges.

Account Levels:-

Bronze

  • The bronze account involves an initial deposit of $250
  • Daily market review every morning.
  • Drawing tools
  • Unlimited Ebook access by Hawks Trading Academy
  • An Islamic account
  • Trading hedge.

Silver

  • The silver account involves a $1000 initial deposit 
  •  Daily market review every morning
  • Drawing tools
  • Unlimited Ebook access by Hawks Trading Academy
  • Islamic account
  •  trade hedge
  • There’s unlimited video access by Hawks Trading Academy
  • Dedicated account manager

Gold

  • The gold account involves a $10000 minimum deposit
  •  Daily market review every morning, 
  • Trade tools 
  • Unlimited Ebook access by Hawks Trading Academy
  •  Islamic account, 
  • Trade hedge
  • There’s unlimited video access by Hawks Trading Academy
  • 3% welcome bonus on first deposit
  • 5% upgrade bonus on first deposit, 
  • There are 25 million free trading reports
  • Dedicated account manager

Platinum

  • The platinum account involves a $50000+ minimum deposits
  • Daily market review every morning
  • Trade tools
  • Unlimited Ebook access
  •  Islamic accounts
  •  Trade hedge
  •  Unlimited video access
  •  3% welcome bonus on first deposit
  • 5% upgrade bonus on first deposit
  • 25 million free trading alerts
  • New MacBook when trading volume reached
  • A long-term financial plan / Future trading strategies
  • SMS alert
  • Direct line to trading room team
  • Account manager.

Q8 Trade Account Opening

The process to open an account is simple and requires the following details

  • First and last name
  • Email address
  • Country
  • Preferred currency
  • Phone number
  • Preferred password

Then there are three simple steps to finish the process by going to the verification portal:-

Financially sound:- Simple questionnaire related to financial position and trade experience.

Agreement of terms and conditions:- Terms and conditions will be accepted manually.

Proof of verification:- Copy of following documents will be submitted:-

  • License
  • ID
  • Passport

Q8 Trade Trading Platform

Q8 trade has different types of trading platforms. Let’s discuss each trading platform in brief:-

WebTrader

this trading platform provides online trading through any web browser or operating system

MetaTrader

The industry-leading trading platform offers online trading through classic Meta Trader 4 (MT4) or the latest Meta Trader 5 (MT5). MT5 offers a multilingual interface, Built-in guides, and helps for MT5, T There is Meta quotes language 4, A complete technical analysis package that includes technical indicators, charting tools, Other custom indicators, periods, Automated trading, etc.

Mobile Trader

On the go Trading with the mobile app. The Mobile app is handy and compatible with android and IOS.

Q8 Trade Trading Instruments

Q8 offers five financial instruments to traders for Contracts for Difference (CFD) trading:-

Forex Trading

Forex or FX or foreign exchange volume terms is the largest market with over 5 trillion trading volume daily. Q8 r helps us to diversify trading by a variety of trade portfolios in major minor and exotic currency pairs.

commodities trading

Commodities are regular products traded across various markets. Popular commodities include natural gas, sugar, crude oil, etc. In Q8 trade, You can trade in essential commodities via a broker-edge cutting platform.

Stocks Trading

Stock is also called equities which offers you to buy and sell shares of public corporations in the stock market. Through Q8, there is easy access to the popular stock.

Indices Trading

Indices are also called indexes and stock indices. These Indices blend into a proper portfolio. Example:- Dow Jones, S&P, NASDAQ, etc. Through Q8, you can access all major indices of the world.

Q8 Trade Commission & Spreads

Q8 faces a lot of competition and compassion. The basic charge is the inactivity fee by the broker. But there are no fees and commissions in Q8 trade. . Q8 has low spreads compared to other brokers. There is a competitive spread of 0.00014 for popular currency pairs like the US dollar.

Q8 Trade Leverage

Q8 offers the highest leverage of 1:400 and 1:10 leverage on indices and commodities. It involves high risk while trading on leverage.

Q8 Trade Deposit and Withdrawal

Deposit

In Q8 trade, we can deposit money through banking or card( Master Card, VISA, American Express). You can deposit through debit and credit cards. Minimum deposits are 250$ for American express and MasterCard and 1000$ for wire transfer. There is no cost for deposit in the Q8 trade.

Withdrawals

Windrawls can execute in the same way. There are 30$ as fees for doing that. Platinum and diamond account holders are exempt from this fee. There is 25$ and 100$ as a minimum withdrawal amount for cards and bank wire. The process of withdrawal takes 5-10 days of working days. The US d0llar is the main currency for trading accounts, but you can also open trading accounts in Euro, Kuwaiti Dinar, and Saudi Riyal.

Q8 Trade Educational and Research Support

You can access all the educational material through Hawk Training Academy. There are online courses, weekly webinars, articles, eBooks, lectures by Q8 trade. There are webinars regarding trading strategies for beginners, Reading Charts and Trading Patterns, About basic Japanese Candlesticks, Understanding Technical Indicators. Economic calendars, Market scanners, Trading central signal for gold members.

Q8 Trade Customer Support

The customer service team helps customers with demo accounts, withdrawals, deposits, Islamic accounts, education center, market tool, technical difficulties, password change, client agreement by online chat, telephone, email, etc. Q8 offers on-ground help via face-to-face meetings in their office. The team supports customers during working hours( from Sun to Thu: 06:30 – 19:00 KSA and Friday: 06:30 – 18:00 KSA).

Final Verdict:

An award-winning company with so many features and benefits is hard to find. The company is not a scam because there are so many regulations involved. They Help new traders and other traders via Demo Account and Islamic accounts. Different types of account levels with so many features at low cost are deal breakers for traders. It is simple to register with simple steps. Trading is easy and on the move by mobile apps. It makes the user experience better and removes the hassle of going through a lengthy and tricky process. There are multiple options for CFD training. Leverage and spreads are affordable for users. The simple procedure to deposit and withdraw money at a low fee makes it affordable and accessible to everyone. Finally, there is dedicated customer support that helps and advises in different ways.Q8 provides education and research tools with the help of Hawk Training Academy is pretty helpful. Overall this broker operates in a better way than others. This broker is preferable for new and experienced traders.

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