Quality TradesFX has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: qualitytradefx.com.
Where do I even begin with Quality TradesFX? since last summer of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Real-time alerts|Professional team|Wide product range
Cons: No crypto staking
I referred a friend to Quality TradesFX after seeing their ad online. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Real-time alerts|Full transparency|Professional team
Cons: Limited ETF selection
After spending for about eight months trying to make Quality TradesFX work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Regular updates|Low minimum deposit
Cons: Search feature is basic
Quality TradesFX seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Educational resources|Social trading features|Stable platform
Cons: Limited demo account features
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Quality TradesFX recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Dedicated account manager|Automated trading options|No hidden fees|Multi-currency support
Cons: Charting tools need more indicators
I was contacted by Quality TradesFX through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Lost entire investment|Reported to authorities|Unresponsive
I had a dispute with Quality TradesFX and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: No hidden fees|Smooth onboarding|Dedicated account manager|Helpful community forum
Cons: Withdrawal takes 1-2 business days
After for over three years with Quality TradesFX, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Smooth onboarding|Easy to use platform
Cons: Desktop app not available on Linux
I was about to invest with Quality TradesFX but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database
I opened an account with Quality TradesFX for about ten months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Social trading features|Copy trading available|Dividend tracking
Cons: Desktop app not available on Linux