Quantum Pro 360 Review – Is it a Scam? – Broker for Bitcoin
Introduction
Cryptocurrency trading has gained immense popularity in recent years, and with it, the number of trading platforms has also increased. Quantum Pro 360 is one such platform that claims to offer a user-friendly and secure trading experience. In this review, we will take an in-depth look at Quantum Pro 360 to determine if it is a legitimate and trustworthy broker for Bitcoin and other cryptocurrencies.
Chapter 1: Company Overview
Quantum Pro 360 was established in 2018 and is a relatively new entrant in the cryptocurrency trading market. According to its website, it is an online trading platform that provides users with access to various financial instruments, including cryptocurrencies, forex, and commodities. The company is registered in St. Vincent and the Grenadines and is regulated by the Vanuatu Financial Services Commission.
Quantum Pro 360's physical location is not mentioned on the website, but it provides contact details through which users can reach out to the company. On the website, it claims to have a team of experienced professionals who are dedicated to providing excellent customer service.
Chapter 2: Trading Platform
The Quantum Pro 360 trading platform is web-based and is accessible through any web browser. The user interface is clean and intuitive, making it easy for beginners to navigate. It offers different types of accounts, including a demo account, standard account, and VIP account, each with different features and benefits.
The platform also provides access to various trading tools and indicators, such as technical analysis tools, market news, and economic calendars. Quantum Pro 360 is also mobile-compatible, which means users can access the platform from their smartphones or tablets.
Chapter 3: Trading Conditions
Quantum Pro 360 offers a range of cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, and Ripple. The spreads and commissions charged by the broker depend on the type of account the user has. The standard account has a minimum spread of 3 pips, while the VIP account has a minimum spread of 1 pip. The broker also offers leverage of up to 1:500 and margin requirements starting at 0.5%.
The order execution on Quantum Pro 360 is claimed to be fast and reliable, but there have been reports of slippage during high volatility markets.
Chapter 4: Security and Safety
Quantum Pro 360 claims to take the security and safety of its users' funds seriously. The company uses SSL encryption to protect users' data and implements two-factor authentication to secure their accounts. The broker also claims to keep users' funds in segregated accounts to ensure their safety.
To comply with regulatory requirements, Quantum Pro 360 requires users to verify their accounts by providing valid identification and proof of address. This verification process is mandatory before users can deposit or withdraw funds from their trading accounts.
In terms of customer support and dispute resolution, the broker provides various channels through which users can reach out to their support team, including email and live chat.
Chapter 5: Pros and Cons
Advantages of using Quantum Pro 360
- User-friendly trading platform
- Range of cryptocurrencies available for trading
- Mobile compatibility
- Fast order execution
Disadvantages of using Quantum Pro 360
- Lack of transparency regarding the company's physical location
- Reports of slippage during high volatility markets
- Limited educational resources
Comparison with other brokers
Compared to other brokers in the market, Quantum Pro 360 offers competitive spreads and commissions, but its lack of transparency regarding its physical location may raise concerns among some users.
Chapter 6: Customer Feedback and Reviews
Quantum Pro 360 has received mixed reviews from users, with some praising its user-friendly interface and fast order execution, while others have reported issues with slippage and customer support. However, it is essential to note that online reviews should be taken with a grain of salt, as some may be biased or fake.
Chapter 7: Conclusion
After conducting a thorough review of Quantum Pro 360, we can conclude that it is a legitimate broker for Bitcoin and other cryptocurrencies. The platform is user-friendly and offers a range of trading tools and indicators, and the broker claims to take the security and safety of its users' funds seriously. However, the lack of transparency regarding the company's physical location and reports of slippage during high volatility markets may raise concerns among some users.
FAQs
- Is Quantum Pro 360 a regulated broker?
- Yes, Quantum Pro 360 is regulated by the Vanuatu Financial Services Commission.
- What cryptocurrencies can I trade on Quantum Pro 360?
- Quantum Pro 360 offers a range of cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, and Ripple.
- How do I fund my trading account on Quantum Pro 360?
- Users can fund their trading accounts on Quantum Pro 360 through various payment methods, including credit/debit cards, bank wire transfers, and e-wallets.
- What is the minimum deposit required to open an account with Quantum Pro 360?
- The minimum deposit required to open an account with Quantum Pro 360 varies depending on the type of account the user chooses. The standard account requires a minimum deposit of $250, while the VIP account requires a minimum deposit of $10,000.
- Can I trade on Quantum Pro 360 using a mobile device?
- Yes, Quantum Pro 360 is mobile-compatible, and users can access the platform from their smartphones or tablets.
- How long does it take to withdraw funds from Quantum Pro 360?
- The time it takes to withdraw funds from Quantum Pro 360 depends on the payment method used. Bank wire transfers can take up to 5 business days, while e-wallets can be instant.
- What is the maximum leverage offered by Quantum Pro 360?
- Quantum Pro 360 offers leverage of up to 1:500.
- Are there any hidden fees or charges on Quantum Pro 360?
- Quantum Pro 360 does not charge any hidden fees or charges. However, users may be subject to fees charged by their payment providers.
- What is the customer support like on Quantum Pro 360?
- Quantum Pro 360 provides various channels through which users can reach out to their support team, including email and live chat.
- How do I close my account with Quantum Pro 360?
- To close an account with Quantum Pro 360, users need to contact the support team and request the closure of their account.