QuamTrade Broker Review
On the QuamTrade.com website, the company presents itself as a trading platform. Upon closer inspection, it becomes clear that it is a binary options broker.
About Quam Trade Company
Information on the website states that Quam Trade was founded in 2016. However, the “Documentation” page does not contain any legal data, and there is no information on the company’s registration and licensing. The site is only available in Russian, and contact information is only available after registration.
Trading Conditions on QuamTrade
The Quam Trade support service guarantees only 10,000 virtual dollars on a demo account and access to educational materials. Traders are offered to make a forecast on the rise or fall of the price of the chosen asset within a specified period of time. The rules of binary options are simple: in case of a correct forecast, the trader receives their stake and winnings, otherwise the funds go to the broker.
Information on bet sizes, time intervals, and other forecasting options is absent. To start trading, registration is required, specifying your email address.
Deposits and Withdrawals
Quam Trade offers many ways to deposit and withdraw funds, but information about them is not publicly available. Withdrawal requests are accepted through the personal account. Before withdrawal, verification is required. It is also possible to change the withdrawal method by contacting customer support.
Key Point
In conclusion, binary options are an unregulated area. To reduce risks, it is recommended to read reviews about Quam Trade and consult with financial experts. Choosing a reliable broker is a responsible decision, and it is important to pay attention to trouble-free fund processing.