Overview of PM Financials
Qorva Markets LTD is a newly established trading firm offering a range of tradable assets including Forex, gold, and silver. Based in Comoros Union and with an office in Dubai, UAE, the company operates without regulatory oversight. It provides commission-free trading through a web platform and offers multiple account types to accommodate different trading preferences. However, Qorva Markets does not currently provide educational resources or bonus offerings. For customer inquiries, support is available via phone and email.
Regulation
Qorva Markets operates without regulatory oversight, indicating that it is not currently regulated by any financial authority. This lack of regulation means that the company may not adhere to the standards and protections typically required by regulated entities. Traders should consider the potential risks associated with trading on an unregulated platform, such as limited recourse in case of disputes, and ensure they fully understand the implications before engaging in any transactions with Qorva Markets.
Pros & Cons
Qorva Markets presents several advantages and challenges for traders. On the positive side, it offers commission-free trading, which can reduce transaction costs for investors. The availability of multiple account types and a diverse range of tradable assets including Forex, gold, and silver provides flexibility and investment opportunities. However, the platform operates without regulatory oversight, which poses risks related to investor protection and transparency. Additionally, Qorva Markets lacks clarity on important trading conditions such as leverage and spreads, which could impact decision-making for traders. Furthermore, the limited choice of payment methods may inconvenience some users. Overall, while offering competitive advantages in cost and diversity of assets, potential users should weigh these benefits against the risks associated with regulatory uncertainty and operational transparency.
Market Instruments
Qorva Markets offers a focused selection of market instruments, like Forex, gold, and silver. These tradable assets provide opportunities for diversification and investment in key global markets. Forex trading allows for speculation on currency pairs, while gold and silver trading appeals to investors seeking exposure to precious metals. This selection targets both speculative and hedging strategies, accommodating varying risk appetites and investment goals among its clientele.
Account Types
Qorva Markets offers 3 account types:Raw, Standard, and STP (Straight Through Processing) accounts. The Raw account typically features raw spreads with no markup, appealing to traders looking for direct market access and lower trading costs. Standard accounts offer a more conventional trading environment with competitive spreads, suitable for a broad range of traders. STP accounts are known for their efficiency in order execution by directly forwarding trades to liquidity providers, enhancing trading speed and potentially reducing slippage. This range of account options allows traders to select a structure that aligns best with their individual trading styles and objectives.
How to open an account
- Visit the Qorva Markets website and click on the “Open an Account” button.
- Fill out the registration form by entering your email address, creating a secure password, providing your full name, selecting your region, entering your date of birth, and specifying your country of residence.
- Review the information you've entered for accuracy and completeness.
- Submit your registration and await confirmation from Qorva Markets. Once approved, you can proceed to fund your account and begin trading on their platform.
Spreads & Commissions
Qorva Markets distinguishes itself by offering commission-free trading, meaning that traders do not incur additional fees typically associated with transactional commissions. This approach can be advantageous for investors seeking to minimize trading costs and enhance profitability. However, while the platform promotes commission-free trading, potential traders should consider other factors such as spreads, which are not clearly specified in available information. Understanding these details is crucial for evaluating the overall cost structure and feasibility of trading strategies on the Qorva Markets platform.
Trading Platform
Qorva Markets' trading platform offers a mobile app designed for accessibility and convenience, allowing users to trade from anywhere in the world. The app provides immediate market updates, ensuring traders are informed of the latest market conditions. Additionally, it features real-time data sourced from top banks, enhancing the accuracy and reliability of trading decisions. With over 4.7 million installations, the platform is both popular and well-rated, reflecting its user-friendly interface and comprehensive market access.
Customer Support
Clients can contact this broker through the following contact channels: :
Phone:+971-50-8596-279
Email:info@qorvamarkets.com
Physical Address：Office # 210 Al-Nasar Sports Club Dubai, UAE.
Qorva Markets LTD Bonovo Road – Fomboni, Island of Mohéli – Comoros Union Registration Number: HT00324027
Conclusion
Qorva Markets offers a versatile trading platform with a range of account types and a focus on commission-free trading, making it attractive for cost-conscious traders. While providing access to Forex, gold, and silver markets, the platform's lack of regulatory oversight and limited clarity on trading conditions like leverage and spreads require careful consideration. Despite these challenges, its mobile app's real-time data and market updates, combined with substantial user adoption, indicate a user-friendly and widely utilized trading solution. Potential investors should weigh the benefits against the risks to determine if Qorva Markets aligns with their trading needs and risk tolerance.
FAQs
Is Qorva Markets a regulated trading platform？
No, Qorva Markets is not regulated by any financial authority. Potential traders should be aware of the risks associated with trading on an unregulated platform, including the lack of investor protections typically provided by regulatory oversight.
What types of accounts does Qorva Markets offer？
Qorva Markets offers three types of accounts: Raw, Standard, and STP (Straight Through Processing). These account types cater to different trading preferences and strategies, providing options for various levels of market access and trading conditions.
Does Qorva Markets charge any commissions on trades？
No, Qorva Markets operates on a commission-free model, meaning that traders do not incur additional fees typically associated with transactional commissions. This can help reduce overall trading costs for investors.
Comments
Qorva Markets LTD, a new entrant in the trading industry, operates from dual headquarters in Comoros Union and Dubai, UAE, offering Forex, gold, and silver trading through its Raw, Standard, and STP account types. Despite operating without regulatory oversight, the company provides commission-free trading with no minimum deposit requirements, accessible through their dedicated mobile app. Potential clients should consider their preference for regulatory oversight when evaluating Qorva Markets' offerings.
Risk Warning
Trading online carries inherent risks, including the potential loss of your entire investment. It's essential to recognize that online trading may not be suitable for everyone, and individuals should carefully consider their risk tolerance before participating. Additionally, please be aware that the details provided in this review are subject to change as companies update their services and policies. Therefore, it's advisable to verify the most up-to-date information directly with the company before making any trading decisions. Ultimately, the responsibility for utilizing the information in this review lies solely with the reader.
