Trade Quext 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.
I had a dispute with Trade Quext 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: Good mobile app|Helpful community forum|Professional team|Fast deposits
Cons: No dark mode on mobile
After spending for close to eighteen months trying to make Trade Quext 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: Risk management tools|Helpful community forum
Cons: Limited cryptocurrency options
My withdrawal request from Trade Quext has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Detailed reporting|Full transparency|Responsive team|Excellent charting
Cons: No phone support on weekends
Do not use Trade Quext for anything serious. I used them since the beginning of the year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Full transparency|Stable platform|Professional team
Cons: Nothing significant
Trade Quext offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Transparent fees|Regular platform improvements|Dedicated account manager|Responsive team
Cons: Limited social trading features|No fractional shares
I had high hopes for Trade Quext after a trusted YouTuber reviewed them, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Detailed reporting|Competitive fees|Great customer service
Cons: Search feature is basic|Help articles are sometimes vague
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Trade Quext is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Trade Quext has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Multi-device support|Intuitive for beginners|Quick verification
Cons: Nothing significant
Do not believe the bonus offer from Trade Quext. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after comparing multiple platforms and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Fast support response|Transparent fees|Real-time alerts|Intuitive for beginners
Cons: No integrated tax optimization
I was about to invest with Trade Quext but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Pros: Website looks legitimate on the surface
Cons: Listed in warning databases|No transparency|Pressure to invest quickly