QutalTrade Company Overview
The company QutalTrade provides trading services, however, information about registration, jurisdiction, and licensing is not available on their website. The “About Us” section states that QutalTrade was founded in 2016 and has experience in Western stock markets.
The website qutal-trade.com is only available in Russian, but the company claims to provide access to stock markets not only to Russian citizens but also to clients from other countries.
QutalTrade Trading Conditions
QutalTrade offers the opportunity to trade binary options, although they try to avoid using this term. The website provides instructions on making trades and potential profits for correct forecasts.
- Point 4 of the “Start Trading” instructions offers clients the choice of trade time and betting on the rise or fall of the asset price within a specified period.
- Point 5 promises profit for a correct forecast, which is credited to the trading account.
Depositing and Withdrawing Funds from QutalTrade
The money withdrawal regulations on the website are anonymous, with no logos of payment systems. Instructions on fund withdrawals can be found in the FAQ section.
QutalTrade does not disclose withdrawal commissions but specifies that clients bear payment expenses, ranging from 5 to 15% of the withdrawal amount.
The execution time of the requested amount depends on the transaction: transfers of less than 50,000 rubles are processed within 3 days, from 50,000 to 250,000 – up to 5 business days, over 250,000 – up to 10 days.
Conclusion
Binary options are popular due to their speed and ease of use. It is important to remember that automated brokers offer this service outside legal frameworks, leaving clients’ rights unprotected.
The lack of informativeness on the QutalTrade website may cause dissatisfaction among clients: some significant information, such as the minimum bet size and range, is not provided.
Before choosing a binary options provider, it is always recommended to consult with an independent financial expert.