Website Design 75
Asset Diversity 95
Trading Platform User Friendliness 100
Money Management 100
Customer Support 100
Mobile Trading 100
Yet another professional and highly advanced options trading broker is TradeQuicker. The broker entered the market in 2010 and holds an outstanding reputation for providing excellent customer support and advanced trading platform. Education material is however scant and the broker needs quickly introduce mobile trading features if it really wants to compete with other reputed brokers.
Website of TradeQuicker
The overall website of TradeQuicker is good but they could have done better with the overall theme. Nothing unique is noticeable. The website’s homepage speaks of the basic features of the broker and has a properly structured set of useful links throughout the website. It also provides a snippet of the trading platform that is provided to the registered traders.
For protection against cybercrimes and security of traders’ financial information, the broker provides Rapid SSL encryption security that allows the traders to perform all transactions is secured and encrypted environment that is difficult to penetrate.
Trading Platform of TradeQuicker
The trading platform of TradeQuicker is based on popular SpotOption financial trading software. The platform provided by the broker is completely online and does not involve any software download. It can be accessed from anywhere in the world. Traders simply need to login to their trading accounts to access the platform and start trading. The platform provides all necessary trading tools, the list of assets available, money management tools, real time financial data feed, market analysis, market trends or popularity tool and live financial news so that the traders can trade efficiently. Once the traders login to access the trading platform, they also get access to their financial accounts section where they can see all their trades, account balance and other details.
Registering with TradeQuicker
The two step registration process involves filling up a registration form and then clicking on the verification link in the welcome email sent by the broker. The traders need to select their trading currency during the registration process.
Authenticating the Account
The method of authenticating an account is similar to that of other brokers we have reviewed. Account authentication is required during withdrawal. Traders will be required to send a few government issued photo IDs and in case of credit card withdrawals, traders will have to send a scanned copy of the credit card. Both sides of the card will be required with the CVV number blacked out on the back and on the front all digits of the card number needs to be blacked out except the last 3 digits.
Money Deposit with TradeQuicker
Depositing money is easy with TradeQuicker because there are a number of banking options available with the broker.
The broker accepts USD, GBP and EUR currencies. No other currencies are allowed.
Minimum and Maximum Deposits
Minimum deposit required is 300 EUR, GBP or USD for credit cards and for wire transfer, the minimum allowed is EUR, GBP or USD 500. For credit cards, the maximum deposit is 5,000 in the preferred currency and for wire transfer, there is no maximum defined.
The banking options available with TradeQuicker are MoneyBookers, UKash, Western Union, Wire Transfer and VISA and MasterCard Credit Cards.
Trading with TradeQuicker
The broker allows trading 6 days a week and 24 hours a day. Trading with TradeQuicker trading platform is simple and fun.
The broker allows trading in 21 stocks, 6 commodities, 13 currency pairs and 21 indices. Trading in multiple assets at a time is allowed by the trader.
The different trading tools that are available with the broker are briefly described below:
Trades simply need to predict whether the price of the asset will increase (CALL option to be used) or decrease (PUT option to be used) compared to the current market price within a specific time period (15 minutes minimum allowed). If the prediction is correct, the trader wins or else, the trader loses the trade.
Here the trade will have to predict whether the current price of the asset will, at least for once, touch the speculated price or the strike price during the trading period or not. The speculated price can be greater than the current market price or lower. Correct prediction leads to in-money trades and incorrect speculation leads to loss.
Same as Binary Options tool except that the expiry time for the trade is 60 seconds and the trader can get returns just in 1 minute.
This is used by very experienced traders where the traders select their expiry time, trading amount, asset they want to trade in and so on. In other words, the traders are free to determine the amount of risk they want to take.
This tools shows a big graphical interface with advanced controls, especially the trend analysis chart for different time frames. This allows more accurate speculation. Both advanced and novice traders can use this with ease.
Payouts and Refund
The broker offers 75 to 85% returns on winning trades and 10% refund for losing trades.
Withdrawals with TradeQuicker
The minimum withdrawal allowed by the broker is $100 or £100 or €100. Credit card withdrawals are free but wire transfer withdrawals will require $25 processing fee. Withdrawals can be canceled even if the requests have been processed.
Customer Support of TradeQuicker
The broker offers live chat (24×7) and web form support. The broker only supports French and English languages.
Extra Features of TradeQuicker
The broker offers a one-time 50% cash bonus for new registrations. It means that if a new registrant deposits $100, the trader will credit a bonus of $50 to his or her account.
Friend Referral Program
The broker also has a friend referral program where the referrer and the referred both get $50 provided that the referred person deposits $300.
The broker does not offer any demo account.
The broker does not provide enough education material to its traders and hence, traders must look at other sources to equip themselves with the necessary trading knowledge.
The broker does not offer mobile trading and hence, those looking for trading in options market while on the move will not find the broker to be a suitable choice.
We had a talk with a customer care rep from TradeQuicker who informed us that they are located in New York and are regulated by all necessary laws. However, we do not see any link on the website which points towards the necessary information on regulation. So, we are not very sure about this.