Quadcode Markets review and ratings

Established 2021
Location Australia Cyprus Bahamas
Regulation ASIC, CySEC, SCB
Offices Sydney, Limassol, Nassau
Broker type STP | ECN
Leverage up to 1:200 (1:30 for EU clients)
Deposit from 50 USD
Spreads low  low
Platforms Web Specific
Instruments Currencies Crypto Indices Metals Energies Softs Stocks ETFs
Funding methods Wire Transfer Credit Cards PayPal Skrill Neteller

Company information

Quadcode Markets group includes 3 related companies.

Quadcode Markets AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
Quadcode Marketss CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
Quadcode Markets BS - located in the Bahamas, regulated by the Securities Commission of the Bahamas (SCB).

Be aware, CY company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
Unfortunately, AU company also has been imposed with trading leverage limitations by ASIC since the end of March 2021.

Availability

Quadcode Markets group accepts clients from all over the world, excluding USA, Canada, Belgium and some other countries where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

60+ Currency Pairs Based on major and minor world currencies.
25 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ripple, Ethereum, Ethereum Classic, Litecoin, Dash, OmiseGo, ZCash, Cardano, Qtum, Tron, EOS, Aptos, Cosmos, Avalanche, Axie Infinity, BNB, Dogecoin, Polkadot, Chainlink, Decentraland, Polygon, NEAR, Solana.
12 Indice CFDs Based on baskets of different blue-chip stocks.
3 Metal CFDs Based on Gold, Silver and Copper.
3 Energy CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
3 Soft CFDs Based on Soybean, Wheat, Corn.
300+ Stock CFDs Based on shares of AU, US, UK and EU companies.
20+ ETF CFDs Based on exchange-traded funds containing various tradable assets.

Comprehensive review

Quadcode Markets is an international forex broker that offers high trading leverage across a large selection of trading instruments. The broker has corporate entities registered in Australia, Cyprus and the Bahamas, and is also regulated by national financial regulators in the same countries.

As usual with forex brokers that are regulated in multiple regions, clients from a country or region where the broker is regulated are automatically assigned to that branch of the broker. That means that all clients in the EU automatically are assigned to the Cyprus-based branch, while those living in Australia are assigned to the Australian branch.

Unfortunately for Australian and European traders, the broker is forced to abide by strict regulations from the European Securities and Markets Authority (ESMA) and the Australian Securities and Investments Commission (ASIC). Among other things, that includes a maximum limit on trading leverage of just 1:30 on even the most liquid and stable assets.

One thing that stands out about Quadcode Markets is the very large selection of stocks and exchange-traded funds (ETFs) that this broker offers. At the time of writing, the selection includes stocks from around 300 companies listed on exchanges in Australia, the US, the UK and several EU countries. In terms of ETFs, more than 20 such funds are available for trading, which is far more than what is offered by most other forex brokers we have reviewed.

Other instruments that are available for trading with Quadcode Markets include around 60 forex pairs, 25 crypto pairs, most major stock indices, and a few of the most commonly traded commodities.

Keep in mind, however, that the selection of assets varies somewhat depending on the trader's jurisdiction (Europe, Australia or global).

All of the assets are traded as contracts-for-difference (CFD), a common type of derivative in the forex trading world that makes it extremely easy to go both long and short with high leverage.

Trading with Quadcode Markets happens exclusively on a dedicated trading platform that is available both as a web app and as a downloadable app for Windows and Mac computers. The platform is easy to use, has a modern and intuitive user interface, and comes equipped with most of the charting and technical analysis tools that forex traders would need.

Notably, Quadcode Markets' platform has won recognition for its ease of use, receiving the “Best Trading Platform Australia” award from Le Fonti for 2022, as well as the “Most Innovative Trading Platform Australia” award from World Business Outlook for the same year.

One area we believe Quadcode Markets could improve in is customer support. The broker is one of just a few brokers we have reviewed that don't offer any form of live chat with its customer support team, which we find very strange. For those who wish to reach out via phone, one Cyprus-registered phone number is provided on the European version of the broker's website, but the versions for other jurisdictions have no phone numbers provided. At the time of this review, the only way to contact the broker for most traders is thus the email address provided.

All in all, we see Quadcode Markets as a potentially interesting broker to consider for traders who want access to a large selection of assets within an easy-to-use trading interface.The broker has competitive spreads and offers pretty high leverage (outside of the EU and Australia), which means that it at least ticks off some of the boxes for what people are looking for from a forex broker.

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