TheQuantumPoint has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The mobile app from TheQuantumPoint is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Wide product range|Multiple order types|Two-factor authentication|No hidden fees
Cons: Help articles are sometimes vague|Some tools only available on higher tiers
I wanted to transfer my portfolio from another broker to TheQuantumPoint. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Low minimum deposit|Smooth onboarding|Clean UI|Social trading features
Cons: Limited demo account features
After spending for about three months trying to make TheQuantumPoint 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: Excellent charting|Fast execution|Market news feed|Helpful community forum
Cons: Wait times can be long during peak hours