QuamTrade
Review of QuamTrade Brokerage
QuamTrade.com presents itself as a trading platform, but upon closer examination, it reveals itself as a binary options broker.
Overview of QuamTrade Company
According to the information available on the website, QuamTrade was established in 2016. However, the “Documentation” page lacks any legal data, and there is no mention of the company’s registration and licensing details. The website is only available in Russian, and contact information is only accessible post-registration.
Trading Conditions at QuamTrade
Traders at QuamTrade are provided with a demo account containing only 10,000 virtual dollars and access to educational resources. The trading process involves predicting whether the price of a selected asset will rise or fall within a specific timeframe. The binary options trading rules are straightforward: if the forecast is correct, the trader receives their stake and winnings; otherwise, the funds go to the broker.
Details regarding bet sizes, timeframes, and other forecasting options are not provided. To initiate trading, registration is mandatory, requiring the submission of an email address.
Deposits and Withdrawals
QuamTrade offers various methods for depositing and withdrawing funds, although detailed information on these methods is not publicly accessible. Withdrawal requests can be made through the personal account, with verification being a prerequisite before withdrawal. It is also possible to modify the withdrawal method by contacting customer support.
Key Consideration
In conclusion, binary options operate in an unregulated environment. To mitigate risks, it is advisable to peruse reviews about QuamTrade and seek advice from financial professionals. Selecting a trustworthy broker is a critical decision, and emphasis should be placed on smooth fund transactions.
This review has been prepared by the specialists at ExpertsReview.