Introduction:
Quick trade is a feature of Coinsquare that makes buying and trading cryptocurrency easier. Both platforms work independently. It offers quick conversions from one currency to another within seconds. Also, all the necessary information that is required to help anyone start with trading is provided. This feature of Coinsquare was launched in 2014, and since then, it has gained massive popularity. They provide competitive pricing as well as commission-free transactions.
Quick trade in 2021:
Fees and limits:
Withdrawal fees:
For Canadian dollars, you don’t have to pay a withdrawal fee, but for other currencies, you may require to pay it.
Trading fees:
There is no trading fee, and the currencies can be traded without any commission. Inter-e-Transfer money deposits don’t require any fees in quick trade.
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Range of currencies:
This platform covers various currencies such as Dash, Dogecoin, Bitcoin, Etherum, Litecoin, etc. They keep on adding to their currency variety from time to time.
Verification:
Once someone downloads the quick trade app, their account can be verified. Government issues documents, ID card, etc. are asked from the user to prevent scammers on the platform.
Day trading:
Quick trade allows day trading instantly from your device. They have a mobile app to make the process even more convenient. You need to keep an eye on the market and make instant trades, which will make you win quick income rewards.
Safety:
Quick trade is owned by Coinsquare, which has a good reputation in the online crypto currency market. They utilize high-security measures; therefore, more than 95% of the customer storage is kept in cold storage.
Leverage:
This platform offers maximum leverage of 1:100. Also, one can manually adjust the leverage if they want to lower it from this range. It provides options for people who want to trade on margin. It is important to remember that when leverages are high, trade carefully as the risks gets higher.
Customer service:
The customer service of quick trade offers online chat and phone numbers to talk to someone from the customer support system. They also provide an email address where clients can send their queries, and they respond to them.
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MT5 platform:
Quick trade provides the latest MT5 platform along with the option of copy trading and VPS. VPS is highly beneficial to trading, especially for young traders. Copy trading is the use of technology to copy real-time forex trades of investors that you want to follow. This copies their trades in your account automatically.
Regulation:
Quick trade is regulated according to their website. They are registered MSB(Money Service Business), and that’s why they follow the strict guidelines issued by FINTRAC. You can check more about this on their website.
Conclusion:
Quick trade is a good platform for trading cryptocurrency. This platform can prove fruitful for you if you have some knowledge and expertise in this field. If you are new to this business, consider researching the platform and the market in general. This will save you plenty of money, and if you work strategically, you will start gaining profits.