Q8Trade Review

Review

Q8 Trade is an online CFD trading platform based in Jordan that was launched in 2017 and has quickly grown to become a leading brokerage in the Arab world. Q8 Trade is one of the few Forex trading platforms that have a physical presence and actual regulation in the MENA region.

This brokerage facilitates investments in equities and derivatives both inside regional and in international markets. Q8 Trade provides an innovative and seamless trading platform that offers traders an extensive range of assets for trading Forex currency pairs, commodities, indices, and local and international stocks wrapped as CFDs across the global financial markets.

Q8 Trade tries hard to empower its clients to enter the markets on a studied basis. One project initiated by Q8 Trade to help reach this goal is called “The Educational Empowerment Broker Project” which provides original texts and video educational materials. The broker’s educational system is enhanced with live webinars.

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Accounts

Q8 Trade has designed its accounts to meet clients’ needs regardless of their level of experience and goals.

To achieve this goal, Q8 Trade created different account types to be associated with each account level. Each account type serves a defined group of traders aiming to receive a specific set of different services. Account levels, on the other hand, are designed to define the different perks associated with that account type based on the client’s needs and aspirations.

Q8 Trade’s accounts types are:

  • The Real Account: The trading environment the client engages in opening and closing trades while utilizing all the tools and support provided for his/her account type by Q8 Trade. The real account requires a real deposit in the account as well as validation of the account. Validation requires electronically signing the terms and conditions, uploading a proof of identity and, answering the discreet financial suitability questionnaire.
  • The Demo Account: A mirror environment granted to all individuals who register with Q8 Trade. The demo account is your practice account. It is 100% risk-free and, you receive virtual money of 50,000 USD for practicing.
  • The Islamic Account: Q8 Trade has designed this account type for those who wish to enter the financial world but do not desire to engage interest. The Q8 Trade Islamic account is a 100% interest-free account with some provisions.

Q8 Trade’s account levels:

  • Bronze level: Starts with a deposit of $250 where you get access to all the text and video educational material.
  • Silver Level: Starts with a deposit of $1,000. You enjoy all attributes of the bronze level in addition to having a dedicated account manager.
  • Gold Level: Starts at $10,000 deposit. The gold account level is the most popular, designed to suit beginners who are just starting and experts who want to get a sense of the services Q8 Trade provides. This bundle provides education, analysis via email, senior account manager, trading signals via SMS from trading central, bonuses.
  • Platinum Level: Starts at a $50,000 deposit. Platinum level clients enjoy additional perks including higher bonuses on the initial deposit and every subsequent deposit. Moreover, clients receive exclusive platform access from Trading Central for signals in addition to the long-term financial planning.
  • Diamond Level: Starts at a $250,000 deposit. Clients receive a hefty 20% bonus on the first deposit and a 20% bonus on every second bonus as well. In addition to the features of the platinum level, clients of the diamond level receive a direct line to the dealing room and prizes when reaching a particular trading volume such as a brand new iPhone.
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Features

We discovered many excellent features during our Q8 Trade review.

Perhaps the most important feature is the broker’s regulation by the Jordan Securities Commission which provides reliability and respectability and a solid presence in the region.

The broker’s educational center is also worth mentioning as it provides excellent support for traders at all levels.

Q8 Trade has many attractive features. Some stand-out strengths of this brand’s offerings are:

  • Physical presence in the MENA region
  • A “market-maker” dealing model
  • A wide choice of account types and levels
  • Expert team
  • Global recognition by different observatory entities
  • Floating competitive spread starting at 0.01 points
  • A 100% interest-free Islamic account
  • A minimum deposit of $250
  • Powerful financial leverage up to 400
  • MetaTrader 5, WebTrader and mobile platforms
  • A range of instruments available for trading: all the major and minor Forex currency pairs, as well as a few exotics; also, an unusually broad range of commodities and futures, including softs, as well as a large selection of major individual shares of the MENA region as well as the international markets
  • Regulated directly by the Jordan Securities Commission.
  • Trading signals offered by SMS
  • Trading signals platform
  • A comprehensive educational offering
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Education

Q8 Trade realizes that not all traders have the same level of experience, and not all traders have the same perception when it comes to learning new skills. Accordingly, Q8 Trade established its completely new “Hawks Trading Academy” that adopts a comprehensive view of how to teach traders how to trade at all levels of experience and provides different methods of education as each trader is unique.

Q8 Trade bases its education methodology on 4 criteria:

  1. Textual original materials, including books and newsletters.
  2. Video original materials.
  3. Interactive courses.
  4. On the ground seminars.
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Bonuses

Q8 Trade provides clients with exclusive bonuses that can be used to increase margin. Of course, bonuses are contingent on terms and conditions, so read these carefully before trading.

Q8 Trade offers bonuses starting with 5% on deposits and redeposits. On special occasions, Q8 Trade offers up to 30% bonus on days such as national days and special holidays and events.

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Deposits and withdrawals

Q8 Trade offers different methods of deposits:

Deposit methods available on the  Q8 Trade platform

METHOD

FEES

MINIMUM DEPOSIT

EXTRA INFORMATION

Master card /Visa

0

250$

Available for credit cards and debit cards

American express

0

250$

Available for credit cards and debit cards

Wire transfer

0

1,000$

-

As for withdrawals, they are as per the following table:

Withdrawal methods available on the Q8 Trade

method

Fees on withdrawal

Minimum withdrawal

Extra information

Master card/ Visa

30 USD

$25

  • Platinum and diamond  accounts are exempted from withdrawal fees.

 

  • If the amount of the withdrawal exceeds the amount deposited, the amount exceeding the value of the deposit is sent by wire transfer.

 

American express

30 USD

$25

  • Platinum and diamond  accounts are exempted from withdrawal fees.

 

  • If the amount of the withdrawal exceeds the amount deposited, the amount exceeding the value of the deposit is sent by wire transfer.

Wire transfer

30 USD

$100

  • Platinum and diamond  accounts are exempted from withdrawal fees.

Unfortunately, the fee to deposit from accounts that never traded is 50 USD.

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Cryptocurrencies

With Q8 Trade, customers can access additional currencies such as Ripple, LightCoin and Bitcoin Cash in addition to Bitcoin and Ethereum. Q8 Trade offers trading in cryptocurrencies with the US Dollar as usual in the cryptocurrency market.

Miniature contracts are also offered for Bitcoin, Ethereum and Bitcoin Cash making it possible to trade small deal sizes from any of the cryptocurrency pairs. This is another impressive feature in the cryptocurrency offerings from Q8 Trade, as most brokers do not allow this.

Given that cryptocurrencies are incredibly volatile, Q8 Trade does impose restrictions which are designed to protect all parties:

  1. No customer may have more than 50% of their account balance placed on an open cryptocurrency deal at any time.
  2. Regardless of the total account size, the maximum size of a cryptocurrency deal is capped at $100,000, which means that no customer should have more than this value in cryptocurrency deals at any time.
  3. A daily "storage fee" of 0.25% of the face value of any open cryptocurrency deal (relatively high) will be imposed, which will be a challenge for anyone planning to leave a cryptocurrency deal open for a long time.
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Platforms

MetaTrader 5

The MetaTrader 5 is an independent trading platform, developed for trading FX, commodities, and other products and is one of the most advanced and secure platforms to use.

In addition to the full range of markets available to trade, the MT5 platform provides traders with a multilingual interface, instant execution, built-in help guides for MT5 and MetaQuotes Language 4, a complete technical analysis package including a wide range of in-built indicators and charting tools, various custom indicators and periods and more.

Automated trading is also offered through the MetaTrader 5 platform, where traders can create and test their automated trading strategies by using the MetaEditor, Strategy Tester, and Compiler tools within the MT5 platform.

With this automated trading system, traders can create Expert Advisors, software programs enabling traders to monitor the markets continually. Custom Indicators help traders to predict future price movements by analyzing past and current price information. The “scripts” feature allows traders to set up an automatic repetition of specific operations such as closing all positions with a single keystroke.

WebTrader:

The Web Trader platform offers access to a sophisticated, fully customizable trading suite, without the need to install any software on your PC. Web Trader guarantees secure access to your account by making use of state-of-the-art web technologies. It is merely the online version of the tried and tested eternally popular Metatrader 5 trading platform.

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General Information

Company Information

  • Broker's Name : Q8Trade
  • Headquarter : Cyprus
  • Regulation : None

Account Information

  • Type of Broker : Market Maker
  • U.S. Clients Allowed : No
  • Minimum Deposit : $250
  • Maximum Leverage : 1:400
  • Commissions / Spreads : spread
  • Account 1 : Bronze
  • Account 2 : Silver
  • Account 3 : Gold
  • Account 4 : Platinum
  • Account 5 : Diamond
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Managed Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : MetaTrader 4, MetaTrader 5, Web-based
    • Platform Languages :
      • English
      • Arabic
    • OS Compatibility :
      • Mac
      • Windows
      • Linux
      • Mobile
      • Web
      • iPhone
      • iPad
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • English
      • Arabic
  • Support Hours : 24 Hours
  • E-mail Support :
  • SMS Support :
  • Chat :

Pros and Cons

  • Physical presence in the Middle East and North Africa
  • Free education
  • Islamic accounts
  • Competitive spreads
  • Trading signals
  • Professional team
  • Only Arabic / English languages

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Customer Support

The customer service team of Q8 Trade is trained to assist clients on different topics that include:

  • Withdrawals
  • Deposits
  • Demo accounts
  • Islamic account
  • Educational Center
  • Market tools
  • Technical difficulties
  • Password change
  • Client agreement
  • Complaints & suggestions
  • Fees
  • FAQs

The brokerage recommends that all support inquiries be sent via email.

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Summary

Q8 Trade appears to have a variety of offerings for traders who are looking for a mixture of currency pairs, as well as shares, commodities, indices, and futures. With excellent bonus offerings, retail and higher net worth traders based in the Middle East are likely to find this provider especially attractive.

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User Reviews

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1 User Reviews
Malek Jamal

I like that experience, the company is such an example for a professional VIP customer service

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