Founded in 2016 by Q8 Securities, Q8 Trade is a well-established, fully licensed, and regulated trading broker. The broker offers clients CFDs across 5 asset classes: forex currency pairs, stocks, commodities, and indices. They operate the straight-through processing (STP) execution model with no-Dealing desk (NDD), thereby preventing any conflict of interest between the broker and trader. The broker has won awards including the Best Regional Forex Trading Platform 2018: MENA (Global Brand Magazine).
Q8 Trade Review Introduction
In this Q8 Trade review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Q8 Trade.
Q8 Trade Platforms & Tools
Q8 Trade provides clients with some of the most advanced and cutting edge technologies for trading, including the popular MT4 and MT5 trading platforms. The MetaTrader platforms offer fully customizable user interfaces, multiple chart types and timeframes, a vast array of technical indicators and drawing tools for market analysis, and much more. They are available as desktop applications for Windows and Mac computers, web trading terminals that run directly on modern web browsers and mobile app for iOS and Android devices.
The broker also provides their own proprietary platforms — the Q8 Trade WebTrader platform that allows trading via a web browser and the Q8 Trade mobile app, which enables clients to always have their eyes on the markets even while on the go.
In addition to the built-in trading tools in the MetaTrader platforms, the broker provides clients with standalone trading tools, such as Forex economic calendar, Forex Market Scanner, Trading Central Signals, Market News, and more.
Q8 Trade Research & Education
The Q8 Trade Education Center provides all clients with various educational tools, free of charge. They include video and written materials as well as interactive webinars and one-on-one training.
Q8 Trade Trading Accounts
Q8 Trade clients can choose from any of the various account types: Bronze, Silver, Gold, Platinum, and Diamond Accounts. All accounts have access to useful trading tools, and the required minimum deposit is $250. They charge no commission fees, except those associated with spreads, for positions that are closed before the end of the trading day. There are also Islamic accounts, which are interest-free and comply with sharia law. Demo accounts are available on the broker’s website for those who wish to practice in a risk-free environment.
Q8 Trade Account Funding
Q8 Trade offers bank transfer and credit/debit cards as available account funding and withdrawal methods. The main currency of trading accounts with Q8 Trade is the US dollar. Accounts can also be opened in Euro, Kuwaiti Dinar and Saudi Riyal, and currency conversion fees do not apply.
Q8 Trade Customer Service
The broker offers a professional customer support team, and they are on hand to give expert support during working hours, from Sunday to Thursday: 06:30 to 19:00 KSA and Friday: 06:30 to 18:00 KSA. They can be reached via online chat, telephone, and email.
Q8 Trade Regulation
Q8 Trade is a brokerage brand operated by Al Manara Capital Services. The company Al Manara Capital is authorized and regulated by Jordan Securities Commission (JSC) — the agency that regulates Jordan’s capital market.
Q8 Trade Review Summary
Q8 Trade is an online broker that provides clients with professional access to various international financial markets via intuitive trading platforms. They offer some useful trading tools and a good selection of educational materials.
It is worth mentioning that some of the trading products and services in this Q8 Trade review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Q8 Trade broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.