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Quadcode Markets Review 2024

Vladimir Zernov
Updated: Feb 8, 2024
Overall Rating
  • Trust
  • Fees
  • Platforms and Tools
  • Tradable Instruments
  • Customer Support
  • Research
  • Deposit and Withdrawal
  • Account Types and Terms
  • Education
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.

    Our Take On Quadcode Markets

    Quadcode Markets, established in 2021 and headquartered in Australia, offers a diversified portfolio of CFD trading options including forex, commodities, indices, stocks, ETFs, and cryptocurrencies. Our comprehensive evaluation reveals that while the broker boasts a substantial selection of assets and an intuitive proprietary trading platform, the fees charged are notably higher than the industry average.

    Quadcode Markets Pros and Cons

    Pros Cons
    • User-friendly trading platform. 
    • Deposit and withdrawal options in three currencies. 
    • Solid cryptocurrency offering.
    • Limited educational and research support. 

    Quadcode Markets Highlights for 2023

    • Strong Protection. The broker is regulated by the top-tier CySEC and ASIC, as well as SCB. All entities offer negative balance protection and keep client funds in separate accounts.
    • Above-Average Fees. Our tests revealed that fees for some instruments were high compared to the industry average.
    • Easy-to-use Trading Platform. Quadcode Markets developed a seamless platform with lots of tools and a customizable layout.
    • Choice of Markets. The broker provides access to popular instruments in various asset classes, including forex, stocks, ETFs, cryptocurrencies, commodities, and indices.

    Who is Quadcode Markets For?

    The strong regulation and user-friendly platform make Quadcode Markets a decent choice for novice traders, although they would have to find educational support elsewhere. Pro-level traders will benefit from the strong protections offered by the Tier-1 regulator in the CySEC entity, a good choice of tradable instruments, and various deposit and withdrawal options that are available in three base currencies.

    What Sets Quadcode Markets Apart?

    Quadcode Markets stands out by its robust and versatile trading platform, seamlessly integrated across desktop, web, and mobile interfaces. Its design is not only intuitive and visually appealing but also replete with a comprehensive array of chart indicators catering to various analysis strategies.

    In the realm of cryptocurrencies, Quadcode Markets distinguishes itself by catering to both mainstream crypto enthusiasts and niche coin investors, offering a blend of major cryptocurrencies alongside a selection of less common alternatives.

    I performed our tests with a Standard Account, using the Quadcode Markets desktop and web platforms, opened with Quadcode Markets, which is the trade name of IQ Option Europe Ltd. Some features and services may vary depending on where you reside.

    Quadcode Markets Main Features

    ☑️ RegulationsCySEC (Cyprus), ASIC (Australia), SCB (Bahamas)
    🗺 Supported Languages
    💰 ProductsCurrencies, Stocks, ETFs, Crypto, Indices, Commodities
    💵 Min Deposit$250
    💹 Max Leverage1:30 (CySEC ), 1:30 (ASIC), 1:200 (SCB)
    🖥 Trading Desk TypeMarket Maker
    📊 Trading PlatformsProprietary
    💳 Deposit OptionsWire Transfer, Neteller, Skrill, PayPal, Visa, Mastercard
    💳 Withdrawal OptionsWire Transfer, Neteller, Skrill, Visa, Mastercard
    🤴 Demo AccountYes
    🗓 Foundation Year2021
    🌎 Headquarters CountryAustralia
    Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    Quadcode Markets Full Review


    How Did We Test the Broker's Trustworthiness?
    Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
    trust chart

    Quadcode Markets was founded in 2021. The broker operates under the regulatory oversight of ASIC, CySEC, and SCB, ensuring a secure trading environment. It adheres to stringent financial standards, including offering negative balance protection and maintaining client funds in segregated accounts for added security.

    Quadcode Markets Regulations

    In this section, we will delve into the regulatory frameworks governing broker’s various entities and what that means for you as a trader. We employ a rating system for regulators, ranging from 1 to 3, where Tier 1 signifies the pinnacle of trustworthiness.

    Quadcode Markets record at CySEC

    Why is it Important to Know Where Your Broker’s Subsidiary Is Regulated?

    Each regulator has its requirements for brokers, which may differ substantially. Such requirements cover aspects like leverage levels and specific protections for investors. These protections may include negative balance protection, segregated accounts, and investor compensation funds. Traders should understand the differences between regulations to evaluate whether the broker suits their needs.

    Quadcode Markets’ entities offer segregated accounts and negative balance protection. The segregation of clients’ funds ensures that clients’ money is not used for the broker’s own business purposes. Negative balance protection safeguards clients from losing more money than they have in their accounts. Clients of the CySEC-regulated entity also enjoy the protection of an Investor Compensation Fund, which covers losses of up to 20,000 euros in case the broker has financial problems.

    I have summarized key aspects of the brokers’ entities in terms of regulation and safety in the table below:

    Entity Features IQOption Europe Limited  Quadcode AU Ltd High Tech Invest Ltd
    Country/Region Cyprus Australia Bahamas
    Regulation CySEC ASIC SCB
    Tier Level Tier 1 Tier 1 Tier 3
    Segregated Funds Yes Yes Yes
    Negative Balance Protection Yes Yes Yes
    Compensation Scheme Up to 20,000 euro No No
    Max. Leverage  1:30 1:30 1:200

    Note that clients who meet certain requirements can qualify as professional clients and get access to leverage of up to 1:500.

    Is Quadcode Markets Safe to Trade With?

    Quadcode Markets functions via three distinct entities, each offering standard safeguards including segregated client funds and negative balance protection. Moreover, customers under the CySEC-regulated branch benefit from the Investor Compensation Fund, offering coverage of up to 20,000 euros in the unlikely event of financial difficulties faced by the broker. Considering the robust protective measures and the strict regulatory supervision, I regard Quadcode Markets as a relatively secure brokerage.

    Stability and Transparency

    In my tests for the Trust category, I also cover factors relating to stability and transparency. Here, I focused on how long the broker has been in business, the size of the company, and the transparency in terms of information being readily available.

    Quadcode Markets has been in business for over 2 years. My research showed that the company is not publicly traded and does not operate a bank. Clients can find the important documents in a dedicated section of the company’s website. These documents include Terms and Conditions, Privacy Policy, Payment Policy, Risk Disclosure, Conflict of Interest Policy, Order Execution Policy, AML KYC Policy, and others. Details about the broker’s regulations can be found here. The Trading Specifications page contains the details on broker’s fees for retail and professional clients.

    In summary, my research indicated that Quadcode Markets can be regarded as having a reasonable level of trust and stability due to the following factors:

    • The broker has been in business for over 2 years.
    • Its entities provide negative balance protection and offer segregated accounts.
    • The CySEC-regulated entity is a member of an Investor Compensation Fund scheme.
    • The company provides easy access to essential information on its website.


    How Did We Test the Broker's Fees and Commissions?
    Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
    fees chart

    In my analysis, I found that Quadcode Markets’ trading fees are somewhat higher than the industry average. The spreads for popular instruments like EUR/USD and WTI oil were reasonable, but the spreads for other instruments I reviewed tended to be on the higher side.

    Spreads at Quadcode Markets

    Quadcode Markets Trading Fees

    For this review, I tested the Quadcode Markets Standard Account, where the broker charges spreads and swap/rollover fees but does not charge commissions.

    Quadcode Markets Spreads

    I tested the spreads on the Quadcode Markets during the London open at 8:00 a.m. UK time and just after the US open at 2:45 p.m. UK time. These are the most actively traded times.

    I summarized my findings in the table below:

    Instrument Live spread AM Live spread PM
    EURUSD 1.1 1.2
    GBPJPY 4.2 4.2
    Gold (XAUUSD) 60 59
    WTI Oil 0.04 0.06
    DAX  4.32 3.62
    Dow Jones  8.56 6.94
    Apple n/a 1.36
    Tesla n/a 1.76
    Bitcoin 111.89 111.93

    My tests showed that Quadcode Markets offers moderate spreads for EUR/USD and WTI Oil. While spreads for GBP/JPY, Gold, Apple, Tesla, Dax, Dow Jones, and Bitcoin were high.

    Swap Fees

    Instrument Swap Long Swap Short
    EUR/USD -0.0024% -0.0027%
    GBP/JPY -0.0024% -0.0032%

    My tests indicated that swap fees for EUR/USD and GBP/JPY were high.

    Non-Trading Fees

    Quadcode Markets charges a dormant account fee of $10 per month if the account is inactive for at least 90 consecutive days.

    Are Quadcode Markets Trading Fees Competitive?

    My hands-on testing revealed that Quadcode Markets’ trading fees exceeded the industry average, except for spreads for EUR/USD and GBP/JPY.

    Platforms and Tools

    How Did We Test the Broker's Trading Platforms?
    We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
    platforms chart

    Quadcode Markets provides a proprietary trading platform, which is available in desktop, web, and mobile versions. The platform boasts a user-friendly interface and robust charts with 99 indicators.

    Quadcode Markets Platform

    Desktop and Web Platforms

    In my review, I explored the proprietary trading platform developed by Quadcode Markets. Tailored for contemporary traders, this in-house platform sports an aesthetically pleasing design paired with straightforward navigation.

    General Ease of Use

    The Quadcode Markets platform stands out for its user-friendliness and efficiency. One of the notable features is the inclusion of integrated broker chat support, enabling novice traders to seek immediate assistance while engaging with the charting tools. Beginner traders can also see which assets are the most popular in different categories when they look at the watchlists on the platform. In addition, the platform shows the size of the spread, so there is no need to calculate it. Furthermore, Quadcode Markets provides a demo account, allowing traders to hone their skills and familiarize themselves with the platform’s functionalities risk-free.

    From my perspective, the platform’s learning curve is relatively gentle. Those with experience in trading should find the transition to this platform smooth. For beginners or those encountering challenges, the broker offers a selection of video tutorials, which effectively cover the platform’s fundamentals. Through my analysis, I observed that the desktop version operates slightly faster than its web counterpart.


    Quadcode Markets offers 99 indicators and 18 timeframes, which is more than enough to customize the charts and adjust them to the trader’s needs.

    The indicators include Momentum, Trend, Volatility, Moving Averages, Volume, and other indicators. Quadcode Markets also provides an opportunity to write your own indicators via scripts. The Quadcode Script language is based on Lua 5.3 and supports most of the Lua language features. Traders can check the documentation at github.

    Scripts at Quadcode Markets Platform

    Timeframes range from 5 seconds to 1 month, providing the trader with an opportunity to focus on short-term developments and significant multi-month trends.

    Quadcode Markets offers four chart types:

    • Line
    • Candles
    • Bars
    • Heikin-Ashi

    I strongly prefer candlesticks as they suggest an abundance of various patterns that are used to make trading decisions. Often, a candlestick pattern would be more important for me than any other indicator. Yet, other chart types also have their fans.

    The charts are easy to configure so novice traders will quickly craft the setup they want. At the same time, the platform’s charts provide sufficient options for advanced traders.

    Chart at Quadcode markets


    Quadcode Markets offers the following order types:

    • Market order is used to buy or sell the instrument at the current marketplace. This order is used when a trader wants to establish a position as fast as possible. Typically, this order is necessary when the instrument’s price begins to move quickly. The main risk of this order is that you pay a spread, which is the difference between the bid price and the ask price.
    • Limit order serves for buying or selling the instrument at a preset price, or better. This order is used when the trader wants to establish a position at a certain level and is not willing to pay current market prices. Using limit orders is a good way to control risks because the trader controls the price that will be paid. In case of a fast breakout, the limit order may be used as an “upgraded” market order when the limit price is placed above the current market price.
    • Stop loss order is used to exit the position when the price is moving in the wrong way. This order is triggered when the price reaches a specified price point. At Quadcode Markets, pending orders can be opened in Distance, Amount, and Price.
    • Take-profit order serves to take your profits off the table when the instrument reaches a specified price.
    Order Placing at Quadcode Markets

    My Key Takeaways After Testing Quadcode Markets Desktop Platform

    After a week of evaluating the Quadcode Markets Desktop Platform, I found it well-designed and easy to navigate. Those familiar with trading platforms should be able to tailor the setup to their preferences with ease. For more rigorous trading activities, I recommend the desktop version; its superior speed over the web version can be critical, as every second is pivotal in trading.

    Quadcode Markets Mobile App

    In this review, I tested the Quadcode Markets Mobile App for Android.

    General Ease of Use

    The Quadcode Markets Mobile App offers a straightforward and intuitive user experience. It comes equipped with essential trading tools such as charts, real-time quotes, and account balance insights, as well as news updates, an economic calendar, and an earnings calendar. Its functionality closely reflects that of the Quadcode Markets desktop and web platforms, ensuring a seamless transition for traders across different devices.


    Quadcode Markets mobile app offers:

    • 99 technical indicators
    • 5 drawing tools
    • 18 timeframes
    • 4 chart types

    The mobile version provides the same charting options as the broker’s desktop platform, which is fairly unusual. The charts are adaptive and easy to work with, so traders have the opportunity to use the full strength of technical analysis on the go.


    In the Quadcode Markets mobile app, you can set market orders, limit orders, stop loss orders, and take profit orders.

    My Key Takeaways After Testing Quadcode Markets Mobile App

    During my week-long trial of the Quadcode Markets Mobile App, I noticed it replicates many features of its desktop and web counterparts, which is quite rare for mobile platforms. Although the smaller screens and touch interfaces of mobile devices may not lend themselves well to advanced charting, the availability of such features is beneficial for those who prefer to have comprehensive tools on the go.

    Tradable Instruments

    How Did We Test the Broker's Tradable Instruments?
    For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
    tradable_instruments chart

    My research showed that Quadcode Markets provides a wide range of tradable instruments, including forex, stocks, ETFs, commodities, indices, and cryptocurrencies. The equities offering includes stocks from multiple countries, from China to Mexico, while the crypto offering consists of some promising coins like Aptos.

    Commodities at Quadcode Markets

    What are CFDs?

    CFDs (Contracts for Differences) are financial instruments that allow traders to bet on asset prices without actually holding the respective assets. The key advantage of CFDs is the access to significant leverage, which is typically not available when trading other instruments. Hence, CFDs are very popular in short-term trading.

    What Can You Trade with Quadcode Markets?

    • 62 forex pairs. The list includes major and exotic options.
    • 9 commodities. Traders can work with the most popular commodities, such as Gold, WTI Oil, and Natural Gas.
    • 12 indices. Major indices like S&P 500, DAX, and Dow Jones are available for trading.
    • 245 stocks. Traders have access to stocks from the U.S., Germany, France, Italy, Canada, Netherlands, Spain, China, UK, Mexico, Belgium, Sweden, and Argentina.
    • 22 ETFs. SPY, JNUG, TLT, and other popular ETFs are included in the list.
    • 26 cryptocurrencies. The broker offers popular cryptocurrencies like Bitcoin and Cardano, as well as more exotic names like Aptos and Qtum.
    Forex Shares
    EUR/USD |GBP/JUSD | USD/CAD Apple | Tesla | Amazon
    Indices Cryptocurrencies
    Dow Jones | DAX | Nikkei 225 Bitcoin | XRP | Aptos
    Commodities ETFs
    Gold| WTI Oil| Copper SPY| JNUG| QQQ

    Quadcode Markets provides a balanced offering of tradable assets, which includes forex pairs, commodities, indices, cryptocurrencies, stocks, and ETFs. The number of available cryptocurrencies and indices is high, while the offerings in other asset classes fall in line with the industry standards.

    My Key Takeaways After Exploring Quadcode Markets Tradable Instruments

    After more than a week of exploring Quadcode Markets’ range of tradable instruments, I found their offering to be well-balanced. The broker offers 62 forex pairs, so traders will have a wide range of options, from majors like EUR/USD to exotic options like AUD/DKK. The cryptocurrency suite includes both popular coins and some exotic options that may have the potential for fast moves.

    Customer Support

    How Did We Test the Broker's Customer Support?
    Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
    customer_support chart

    Quadcode Markets offers 24/7 customer support through phone and email. The live chat is also available exclusively through the broker’s proprietary trading platform. My test showed that the customer support was responsive and helpful.

    Customer support at Quadcode Markets

    Quadcode Markets Customer Support Test

    I’ve reached out to Quadcode Markets customer support on multiple occasions to inquire about critical trading aspects such as platform features, swap rates, and the procedures for deposits and withdrawals.

    It’s worth mentioning that support can be conveniently accessed through the trading platform’s chat feature. Accessing this requires minimal effort; simply fill out a short form and set up a demo account. Alternatives include submitting a query through the contact form or directly calling their support line. Note that customer support is offered only in English.

    Deposit and Withdrawal

    How Did We Test the Broker's Deposit and Withdrawal Process?
    The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
    deposit chart

    Quadcode Markets offers a variety of deposit and withdrawal methods, such as credit cards, bank transfers, and e-wallets, accommodating EUR, GBP, and USD currencies. Notably, the broker does not charge any fees for deposits and withdrawals.

    Deposit methods at Quadcode Markets

    Quadcode Markets Deposits

    Deposit Method Base Currencies Fees Processing Time
    Visa/Mastercard EUR, GBP, USD No Instant
    Bank Transfer EUR, GBP, USD No 3-5 business days
    Skrill EUR, GBP, USD No Instant
    Neteller EUR, GBP, USD No Instant
    PayPal EUR, GBP, USD No Instant

    Quadcode Markets clients can fund their accounts via credit cards, bank transfer, and e-wallets. The minimum deposit amount is 250 base currency.

    Quadcode Markets Withdrawals

    Withdrawal Method Base Currencies Fees Processing Time
    Bank Transfer EUR, GBP, USD No 1-3  business days
    Skrill EUR, GBP, USD No 1-3 business days
    Neteller EUR, GBP, USD No 1-3 business days

    Quadcode Markets clients can withdraw money via bank transfer, Skrill, and Neteller. The minimum withdrawal amount for bank transfer is 100 base currency. Skrill provides an opportunity to withdraw just 2 base currencies, while the minimum withdrawal for Neteller is 10 GBP/11 EUR/13 USD.

    Account Types and Terms

    How Did We Test the Broker's Account Types and Terms?
    When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
    account chart

    Quadcode Markets provides a single account option, operating on a spread and swap/rollover fee structure, with the notable absence of commission charges.

    Account opening at Quadcode Markets

    Why is Choosing the Right Account Type Important?

    The account you choose must suit your needs. The main features to consider when looking for the best-fit account are base currency options, contract size, commission, fees, the number of pending orders/positions, and the minimum deposit requirement.

    What Account Types Does Quadcode Markets Offer?

    Account Standard 
    Commission (excluding equities) No
    Spread Variable
    Minimum Deposit $250
    Leverage Up to 1:30
    Islamic Account No
    Demo Account  Yes

    Quadcode Markets offers one type of account. This is a spread-based account, where the broker charges spreads and swap/rollover fees but does not charge commissions. Clients can also apply for a pro-level account, which is available for traders who meet certain requirements on their relevant experience, trading volume, and the size of their portfolio.

    Pro-level clients have access to products with a higher risk profile (at the broker’s discretion) but are not eligible for coverage under the Investor Compensation Fund and get no protection under the applicable CFD product intervention measures.

    What is CFD leverage?

    CFD leverage allows traders to open positions by only providing a fraction of the total value, known as the margin, while the rest is effectively borrowed from the broker.

    Major regulators such as the FCA, CFTC, and ASIC have put leverage caps in place to shield retail traders from undue financial risk. In contrast, some offshore or unregulated brokers may offer high leverage to entice traders aiming for larger returns, albeit at a higher risk and with limited protective measures. While high leverage can exponentially increase potential gains, it can also escalate losses, a fact that may elude beginner traders.

    For Quadcode Markets, the leverage ceiling is set at 1:30, aligning with the cautious approach mandated by premier regulatory authorities like CySEC.

    Quadcode Markets Account Opening Process

    To open an account with Quadcode Markets, follow these steps:

    • Click on Sign up on the main page of the broker’s website.
    • Provide basic details to open an account, including your country and email.
    • Provide personal information, including your address and date of birth.
    • Answer questions on your trading background and experience.
    • Provide proof of your identity and address.

    What is a demo account?

    Quadcode Markets offers a demo account, enabling traders to familiarize themselves with its services and practice trading in a risk-free environment.

    A demo account simulates real trading conditions, permitting you to hone your skills without financial danger. However, it’s important to recognize that trading with a demo account can differ significantly from real-money trading due to the psychological impact of risk; the pressure of actual capital at stake can influence decision-making. While the demo account is an excellent tool for learning the ins and outs of the trading platform, it’s advisable not to over-rely on it, as real trading dynamics can be quite different.


    How Did We Test the Broker's Research Tools?
    Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
    research chart

    Quadcode Markets provides essential research tools, featuring a straightforward news feed, economic calendar, and earnings schedule. However, the scope of instruments is quite limited.

    News at Quadcode Markets

    The Market Analysis section of Quadcode Markets’ proprietary platform offers research essentials. Users can access a curated news feed aggregating content from leading financial websites, alongside an economic calendar and an earnings calendar to track market-moving events and corporate announcements. These foundational resources cater to traders who need to stay informed about market events and financial updates.

    Key Takeaways After Testing Research Tools

    From my estimation, the research tools at Quadcode Markets are foundational, limited primarily to calendars and a news feed. While these features allow traders to correlate market movements with specific events or news, they fall short of offering comprehensive research capabilities for deeper analysis.


    How Did We Test the Broker's Education Offering?
    Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
    education chart

    Quadcode Markets’ educational resources are quite narrow and primarily composed of video tutorials that guide navigating the broker’s trading platform.

    Video tutorial at Quadcode Markets

    Quadcode Markets caters to new traders with a series of concise video guides. Titles include practical topics such as “Opening a Position,” “Navigating Account Settings,” “Switching Between Real and Demo Accounts,” “Utilizing the Economic Calendar,” and “Getting Started with Margin in Forex.” While these tutorials offer a good starting point, those seeking comprehensive educational resources will need to extend their search beyond the broker’s current offerings.

    The Bottom Line

    Quadcode Markets is authorized by three regulatory bodies: CySEC, ASIC, and SCB, ensuring robust oversight. Each entity provides safeguards such as negative balance protection and segregated client accounts, with CySEC offering the added safety net of an Investor Compensation Fund.

    The broker’s asset portfolio is comprehensive, spanning forex, stocks, ETFs, commodities, indices, and an extensive selection of cryptocurrencies — a likely draw for crypto enthusiasts.

    The proprietary trading platform is intuitive enough for novices yet robust for veterans, featuring sophisticated charting tools and a range of analytical options.

    Clients have access to a single spread-based account where our analysis indicates that the spreads are on the higher side compared to industry benchmarks. For EU-based clients, standard payment methods like credit cards, bank transfers, and e-wallets are available.

    Educational resources are sparse – new traders will need to supplement their learning elsewhere. Research tools are similarly basic, though they cover essential functions.

    Overall, Quadcode Markets strikes a balance with its appealing platform and diverse market access, tailored for traders who prioritize a streamlined trading environment over cost competitiveness and educational content.


    Quadcode Markets is based in Australia.
    What makes Quadcode Markets safe is the fact that the company is regulated by ASIC and as such is bound to comply with its trading guidelines and regulations.
    Quadcode Markets charges spreads and swap/rollover fees in its accounts.
    Quadcode Markets has a minimum deposit of 50 AUD and provides demo accounts, which is helpful for novice traders. However, the broker does not provide educational support, while its research support is limited. Traders can also practice and enhance their skills without risk in the demo account where they use virtual funds.
    Quadcode Markets can deposit funds via credit cards, bank transfers, and e-wallets.
    The minimum deposit for Quadcode Markets is 50 AUD.
    Quadcode Markets can withdraw funds via credit cards, bank transfers, and e-wallets.
    Some withdrawal methods are instant, while bank transfers may take up to 5 business days.
    The maximum leverage* in Quadcode Markets is 1:30.
    To open an account with Quadcode Markets, visit the account registration page.
    Quadcode Markets offers its proprietary trading platform.
    Yes, Quadcode Markets offers a demo account.

    See Quadcode Markets Full Information

    Headquarters CountryAustralia
    Foundation Year2021
    RegulationsCySEC (Cyprus), ASIC (Australia), SCB (Bahamas)
    Publicly TradedNo
    Number Of Employees200
    Trading Desk TypeMarket Maker
    Trading PlatformsProprietary
    Restricted Countries
    Honduras, Egypt, Samoa, San Marino, Algeria, Armenia, Bahamas, Bahrain, Belarus, Belize, Benin, Bhutan, Bolivia, Bosnia and Herzegovina, Burkina Faso, Burundi, Cameroon, Canada, Cape Verde, Chad, China, Colombia, Congo, Costa Rica, Cote dIvoire, Cuba, Djibouti, Dominica, Ecuador, Equatorial Guinea, Eritrea, Gabon, Georgia, Ghana, Jamaica, Jordan, Kazakhstan, Kenya, North Korea, South Korea, Nauru, Kuwait, Kyrgyzstan, Laos, Lesotho, Guinea-Bissau, Guyana, Montenegro, Malaysia, Liberia, Sao Tome and Principe, Moldova, Namibia, Palau, Macedonia, Malawi, Maldives, Mali, Mauritania, Mexico, India, Micronesia, Monaco, Morocco, Nepal, Nicaragua, Indonesia, Nigeria, Niger, New Zealand, Oman, Iceland, Papua New Guinea, Peru, Qatar, Gibraltar, Iran, Grenada, Guatemala, Guinea, Iraq, Rwanda, Democratic Republic of the Congo, Afghanistan, Curacao, Tonga, Guam, Cayman Islands, Vatican City, Swaziland, Bermuda, Suriname, Senegal, United States, Zambia, Albania, Angola, Turkey, Marshall Islands, Timor-Leste, Australia, Paraguay, Cook Islands, Antigua and Barbuda, Tunisia, United Kingdom, New Caledonia, Andorra, Trinidad and Tobago, Northern Mariana Islands, Somalia, Puerto Rico, Togo, Argentina, Mongolia, Azerbaijan, Bangladesh, Russian Federation, Macao, Uruguay, Turkmenistan, Solomon Islands, Venezuela, Yemen, Greenland, Tuvalu, Botswana, Switzerland, Brazil, Uganda, Syria, Seychelles, French Polynesia, Sierra Leone, Bonaire, Ukraine, Uzbekistan, Brunei, Cambodia, Central African Republic, Chile, Comoros, Dominican Republic, El Salvador, Saudi Arabia, Lebanon, Serbia, Mayotte, Madagascar, Aruba, Ethiopia, Taiwan, Fiji, Vanuatu, Gambia, Panama, Israel, Singapore, Tajikistan, Vietnam, Japan, South Africa, Virgin Islands, British, Tanzania, Isle of Man, Guernsey, East Timor, Kiribati, Mozambique, Libya, Myanmar, Pakistan, Philippines, Haiti, Hong Kong, South Sudan, Sri Lanka, Sudan, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Thailand, United Arab Emirates, Zimbabwe, Faroe Islands, American Samoa, Saipan, Sint Eustatius, Tahiti, Svalbard and Jan Mayen, Anguilla, Aland Islands, Christmas Island, Cocos Islands, Montserrat, Niue, Saint Barthelemy, Saint Helena, Saint Martin, Barbados
    Supported Languages
    Min Deposit$250
    Max Leverage1:30 (CySEC ), 1:30 (ASIC), 1:200 (SCB)
    Deposit OptionsWire Transfer, Neteller, Skrill, PayPal, Visa, Mastercard
    Withdrawal OptionsWire Transfer, Neteller, Skrill, Visa, Mastercard
    Time to Withdrawal2
    Time to Open an Account3
    Ethereum, Bitcoin, Ripple
    Currencies, Stocks, ETFs, Crypto, Indices, Commodities
    Demo AccountYes
    OCO OrdersNo
    Offers HedgingYes
    Automated TradingNo
    API TradingNo
    Guaranteed Stop LossNo
    Guaranteed Limit OrdersNo
    Guaranteed Fills / LiquidityNo
    Economic calendarYes
    Trading From ChartYes
    One-Click TradingYes
    Expert AdvisorNo
    Social TradingYes
    Trading SignalsNo
    Platform Languages
    24 Hours SupportYes
    Support During WeekendsYes
    Live ChatYes
    Daily Market CommentaryYes
    News (Top-Tier Sources)Yes
    Deposit FeeNo
    Withdrawal FeeNo
    Inactivity FeeYes

    About the Author

    Vladimir ZernovBroker Analyst

    In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

    Why you can trust FX Empire

    At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

    Why you can trust FX Empire

    FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.