QuickTrade, the brand of the QuickTrade (Pty) Limited, is the South African firm approved via the Financial Service Conduct Authority of South Africa as the FSP that stands for Financial Services Provider (FSCA).
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Quick Trade Regulation
The quicktrade is the forex and the CFD broker set up and the operating in South Africa. It’s authorized and licensed via the local FSCA, i.e., Financial Services Conduct Authority.
The Financial Services Conduct Authority is the trustworthy financial watchdog. The criteria are similar to those of the other well-known organizations like the ASIC, which stands for Australian Securities and Investment Commission, and the FCA, Financial Conduct Authority in the UK.
However, the guidelines of FSCA are somewhat more permissive in numerous other ways. The country South Africa, for instance, is amongst the last regulatory centers where the traders may still enjoy that unlimited leverage, which’s a significant incentive and advantage.
Besides this, quicktrade is the registered FSP along with the FAIS Category-I license. It’s authorized to provide the advisory and the intermediary service about the shares, the derivative warrants, instruments, certificates, and several other instruments right under the situations of the FSP license.
That said, let’s take a look at the pros-
Pros
- ZAR Deposit Currency
- FSCA Regulated
- Broker Verified
- MetaTrader 5
Reliability
QuickTrade happens to provide risk disclosure compliance on their website. This RDS, i.e., Risk Disclosure Statement, contains general info and doesn’t consider your objectives, needs, or financial condition. Before discerning financial products, you’d think about these determinants and get autonomous professional guidance.
Quick Trade Tradeable goods
On the trading platform QuickTrade, you’ll find beyond 30 currency pairs that are minor or exotic currency pairs, such as ZAR/USD and stocks, Brent, ETFs, crude oil, gold, silver, Natural Gas, palladium, etc. platinum, and 12 indices.
Opening the account
Users may open an account on a firm’s site. There is a big button on a site that will redirect you to a portal of account opening. The process of account approval can take numerous days. The quicktrade even inquires you to go and send the verification documents such as proof of residence via email.
Here are a few steps that include the process of opening an account on QuickTrade:
- Provide financial and personal information.
- Describe the trading background
- Confirm citizenship and identity. You may check the identity via uploading the national ID, DL, or passport. Additionally, bank statements and utility bills are accepted as proof of residency.
How You Begin Your Trading Journey
Create your Profile within a few minutes only
Step 1- Make A Profile
Making a profile on quicktrade is easy and quick. Click on the button that reads “create a profile,” complete that form, and get your process of opening an account started.
Step 2- Verifying Your Email Address
Once you’ve registered, you’ll receive the verification mail with the very instructions on verifying your email address. Please check the inbox of your email.
Step 3- The Client Portal Access
The sooner you verify your email address, the sooner you’ll receive the login details that will give you access to a client portal.
Step 4- Uploading TheFica Documents
To create their Profile, one must upload a copy of the passport/ID and the Proof of Address.
Step 5- Complete The Question & Answer Test
They need to assess the experience, trading history, and understanding risks linked with trading.
Step 6- Profile Verification
The moment your documentation is received and validated, the Profile will be verified, and one may start trading.
Simple and quick trading for everyone
- No instant fee deposits
Deposit the funds from the Canadian bank with the Interac e-Transfer. You can send up to 10,000 dollars or whatever the bank allows.
- Simple, transparent trades
The trade between any currencies is available in only some taps. Go on to see the price before buying.
- Quick withdrawals
One can sell their investment at any time and withdraw the Canadian Dollars freely, right to a bank account with the Interac e-Transfer.
- Pretty Safe & secure
They trade with confidence, knowing they utilize industry-standard security protocol and keep over 95% of the assets in the cold storage.
To know more about quicktrade, you may look over the web and gather more information.
