Q8 Trade was a licensed Forex and Stock Broker, that originally opened for business in 2017. They are now closed!
Q8 Trade was owned by MarketFinancials Limited, and located at: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Their phone number is: +35725654189 and the contact email address is [email protected]. Official website is: https://Q8trade.com.
For complaints or withdrawal problems, read this.
Q8 Trade Review
CFD investors and traders at Q8Trade have access to the PandaTS, web based trading platform. It is very popular because it is so user friendly for new and experienced traders. Traders who like trading with the new MetaTrader5 (MT5) platform can also use it, along with their great mobile trading apps for both Android and iOS. You will find more than 120 underlying assets to trade, including all popular Forex pairs, market indexes, commodities, shares and Crypto Currency CFDs.
As a broker targeting the middle east, their website is available in both English and Arabic. They have a customer service office in Kuwait and in Cyprus for clients to meet with their brokers in person.
Standard spreads offered begin a 1.8 pips on Major FX Pairs, with up to 400:1 margin rates. Commissions are $7 per lot on Majors, and $15 per lot on Minor Pairs. You can have your trading account in these currencies; KWD, EUR, SAR, and USD. Minimum deposit for a new trading account is only $250.
Q8 Trade License
When the Scam Broker Investigator reviews a new CFD Forex broker to see if they are a legitimate broker or a scam company, we always look for their license from a financial regulators. Many broker are licensed in Cyprus by CySEC or by the FCA in United Kingdom, and some are not licensed at all.
Q8 is now owned by: MarketFinancials Limited, which is licensed and regulated by the FSA (Seychelles Financial Services Authority) with license number SD006, and registration # 8413711-1.
Formerly, they were owned by: Al Manara Capital Services which is licensed by the Jordan Securities Commission (JSC) with company number 200173579. And before that: Q8 Securities Company, founded in 1985, and located at; Mubarak Al Kabeer St. Sharq 15301, Boursa Kuwait 5th Floor, Kuwait City 15301, Kuwait. Q8 Trade was licensed by the Capital Markets Authority of Kuwait, license number: AP/2013/0012.
Smart investors will always use a legal company for online trading, because if you use a scam broker you can see what will have at the complaints page.
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