QRSFX

Overview of QRSFX

QRSFX, operating as QRS Global Pty Ltd in Australia, presents a trading proposition that requires careful consideration. The broker's lack of valid regulation and possession of a suspicious regulatory license raises concerns about the potential risks traders may face.

While QRSFX does offer a range of market instruments for trading, including Contracts for Difference (CFDs) on Forex and Futures across major asset classes, specific details about these instruments remain undisclosed. Traders may find opportunities to engage in speculative trading and base their positions on price movements in underlying assets. However, the lack of transparency in this aspect raises questions about the level of information and control available to traders.

The broker provides different trading platforms and account types to accommodate various trader preferences. The CENT account caters to beginners and operates with USD as the account currency, requiring a minimum deposit of 10 USD. It offers leverage of up to 1:500 and a low starting spread of 0.06 pip. The FREEDOM account suits more experienced traders, also operating with USD as the account currency and with similar leverage and minimum deposit requirements. The STANDARD SWAP FREE account is designed for those who wish to avoid swaps, while the RAW SPREAD account targets advanced traders. All account types maintain the same minimum deposit requirement, leverage, and offer different spreads and commission structures.

Pros and Cons

QRSFX offers a range of benefits and drawbacks for traders. On the positive side, they provide opportunities to trade Contracts for Difference (CFDs) on Forex and Futures, offering leverage of up to 1:500. They also offer various trading platforms and account types, including the popular MetaTrader 4 platform. Additionally, QRSFX provides a range of bonus options for traders. However, there are some concerns to consider, such as the lack of valid regulation and limited information on market instruments. The details of deposit and withdrawal methods are not specified, and no advanced trading tools or educational resources are mentioned.

Is QRSFX Legit？

Proceed with caution when dealing with QRSFX. It is important to note that this broker lacks valid regulation, which can expose traders to potential risks. Additionally, Wikifx indicates that QRSFX does not provide a trading software, which further adds to the concerns. It is advisable to exercise caution and explore alternative regulated options to ensure a safer trading experience.

Market Instruments

QRSFX offers a range of market instruments for trading, including Contracts for Difference (CFDs) on Forex and Futures across four major asset classes. While specific information is not disclosed, these instruments provide traders with opportunities to engage in speculative trading and take positions based on price movements in the underlying assets.

Account Types

QRSFX offers different trading platforms and account types to cater to various trader preferences.

One of the options available is the CENT account, suitable for beginners. This account operates with USD as the account currency, requires a minimum deposit of 10 USD, offers leverage of up to 1:500, and starts with a spread as low as 0.06 pip. There are no swaps or commissions per trade associated with this account.

For more experienced traders, QRSFX provides the FREEDOM account. It also operates with USD as the account currency, requires a minimum deposit of 10 USD, offers leverage of up to 1:500, and starts with a lower spread of 0.03 pip. Similar to the CENT account, there are no swaps or commissions per trade associated with the FREEDOM account.

QRSFX offers the STANDARD SWAP FREE account, which is designed for traders who prefer to avoid swaps. This account operates with USD as the account currency, requires a minimum deposit of 10 USD, offers leverage of up to 1:500, and starts with a spread of 0.06 pip. Just like the previous accounts, there are no swaps or commissions per trade associated with the STANDARD SWAP FREE account.

Lastly, QRSFX provides the RAW SPREAD account for advanced traders. This account operates with USD as the account currency, requires a minimum deposit of 10 USD, offers leverage of up to 1:500, and starts with an even lower spread of 0.02 pip. Swaps are applicable to this account, and there is a commission of 3 USD per trade.

Pros and Cons

Leverage

QRSFX offers leverage of up to 1:500, allowing traders to amplify their trading positions by up to 500 times the amount of their initial investment.

Spreads & Commissions

QRSFX offers a variety of trading accounts with different spreads and commission structures. The CENT account has a spread starting from 0.06 pip, and there are no commissions per trade. The FREEDOM account offers a lower spread of 0.03 pip, with no commissions. The STANDARD SWAP FREE account also has a spread of 0.06 pip, and there are no swaps or commissions per trade. Lastly, the RAW SPREAD account provides an even lower spread starting from 0.02 pip, but it incurs a commission of 3 USD per trade.

Minimum Deposit

The minimum deposit for all QRSFX trading accounts is 10 USD.

Bonus

QRSFX offers various trading platforms and bonuses to its clients. One of their bonuses is the “Welcome Bonus,” which allows traders to receive a 50% bonus on their initial deposit, providing an opportunity to enhance their portfolio. They also offer a “50% Deposit Bonus” where traders receive a 50% bonus based on their deposit amount. Additionally, there is a “20% Bonus for the Rest” that provides ongoing benefits to traders. The maximum bonus available is 50% of the deposit amount. It's important to note that these bonuses are valid for 90 days in the trader's portfolio, allowing them a certain timeframe to take advantage of the bonus offer.

Deposit & Withdrawal

The information regarding the deposit and withdrawal process for QRSFX is not readily available or detailed. It is important to note that specific information about the deposit and withdrawal methods, fees, processing times, and any related terms and conditions is not provided.

Trading Platforms

QRSFX provides the widely recognized MetaTrader 4 (MT4) trading platform, renowned for its versatility and popularity in the industry. MT4 is designed for Forex and futures trading, offering traders the ability to analyze financial markets, execute advanced trading operations, utilize trading robots (Expert Advisors), and even copy trades from other traders. With the MT4 platform, traders can access real-time quotes, perform technical analysis using indicators and graphical objects, and execute various trade orders, including pending orders. The platform also supports fast switching between financial instruments, customizable chart color schemes, and provides access to financial news and a community chat. Traders can download the MT4 app on their Android or iOS devices and trade Forex from anywhere in the world.

Pros and Cons

Customer Support

QRSFX provides customer support through various channels, including Facebook, Youtube, Line, Instagram, and their website's “Contact Us” section. For online order queries, customers can reach them via phone at +44-20-8123-2119 or email at support@qrsfx.com. They are also physically located at First Floor, First St Vincent Bank Ltd Building, James Street Kingstown, St. Vincent. The customer support is available 24 x 5 days, ensuring assistance is accessible throughout the week, except on weekends.

Conclusion

In conclusion, QRSFX raises some concerns and potential risks for traders. Traders should exercise caution and consider exploring alternative regulated options to ensure a safer trading experience. While QRSFX offers a range of market instruments, different account types, leverage options, and bonuses, the lack of transparency regarding deposit and withdrawal processes is a notable drawback. The availability of the widely recognized MetaTrader 4 platform and customer support through various channels are positive aspects worth considering. However, overall, due to the suspicious regulatory license and scope of business, it is advisable to approach QRSFX with caution.

FAQs

Q: Is QRSFX a legitimate broker？

A: Proceed with caution when dealing with QRSFX as it lacks valid regulation. Consider exploring alternative regulated options for a safer trading experience.

Q: What market instruments does QRSFX offer？

A: QRSFX offers Contracts for Difference (CFDs) on Forex and Futures across major asset classes, allowing traders to speculate on price movements.

Q: What are the account types available at QRSFX？

A: QRSFX offers different account types, including CENT, FREEDOM, STANDARD SWAP FREE, and RAW SPREAD, catering to different trader preferences.

Q: What is the leverage offered by QRSFX？

A: QRSFX offers leverage of up to 1:500, enabling traders to amplify their positions significantly.

Q: What are the spreads and commissions at QRSFX？

A: QRSFX offers various account types with different spreads. There are no commissions per trade, except for the RAW SPREAD account, which incurs a commission of 3 USD per trade.

Q: What is the minimum deposit at QRSFX？

A: The minimum deposit for all QRSFX trading accounts is 10 USD.

Q: Does QRSFX offer bonuses？

A: Yes, QRSFX offers bonuses such as the “Welcome Bonus,” “50% Deposit Bonus,” and “20% Bonus for the Rest” to enhance traders' portfolios.

Q: What trading platform does QRSFX provide？

A: QRSFX provides the popular MetaTrader 4 (MT4) trading platform, offering a range of features for analysis, execution, and customization.

Q: How can I contact QRSFX customer support？

A: QRSFX offers customer support through various channels, including phone, email, and social media platforms. They are available 24 x 5, except on weekends.