The Best Trading Conditions from a Licensed Broker
Experience unlimited trading opportunities with over 300 assets from across the globe via Q8 Trade’s cutting-edge and user-friendly platforms.
Locally licensed and regulated by the Ministry of Commerce and Industry
Flexible trading platforms
Superior customer support in Arabic and English
Trade anytime, anywhere
Online trading may sound complex and complicated especially for those who have never experienced doing it but in reality, it’s not that complicated especially if you’re signed-up with a platform that is no only trustworthy but also user-friendly.
By investing on forex and contract for difference (CFD), you can speculate and take a position on market price movements without even owning the underlying asset.
Strictly adheres to regulatory requirements
Trading platforms for web, mobile and desktop
Over 300 instruments available including cryptocurrencies
100% compliant with the Shariah law
$50,000 virtual funds
If you’re a beginner or practically have no trading experience, then it would be wise to use the free demo account which is preloaded with $50,000 virtual funds.
This is a great way to try out and explore all the available platforms so you can do plenty of test trades without the need risk the real funds in your account.
Trading in practice mode will still allow you to access real-time data and all the risk management tools so you can build your own strategy and condition yourself for live trading.
Jordan Securities Commission (JSC)
If you’re looking for an honest and trusted company, then you need to choose one that is licensed not just by any regulator but a financial authority that is based in your region.
For that matter, Q8 Trade fits well with such conditions as it has a license from the Jordan Securities Commission (JSC) registered under Company national number 200173579.
To make sure that their license is still active, we verified it via the official website of the regulator and found no discrepancies or issues with it.
It’s a huge advantage that they are legally registered under the provisions of laws and regulations of the local government agency and not with one that is based elsewhere.
What is Q8 Trade?
Q8 Trade is a well-established online trading broker for CFDs (Contracts for Difference), giving customers instant access to a wide range of tradable instruments globally and locally.
It is operated by Al Manara Capital services, which is authorized, regulated, and licensed by Jordan Securities Commission (JSC).
They initially focused on GCC and later on have expanded into other Arab countries making them one of the pioneer financial service providers in the region.
Opening an account with this trading platform is very easy.
Via the registration page, you just need to supply the following details:
1. First and last name
2. Email address
4. Preferred currency (USD/EUR/GBP/KWD/SAR)
5. Phone number
Once that’s done, you’ll get a welcome message via email together with the basic instructions on how to start trading.
In order to begin trading, you need to fund your account with a minimum amount of $250. The base
currency is in US Dollar but you can request to use Euro, British Pounds, Saudi Riyal, Kuwaiti Dinar or Emirati Dirham if you wish. All deposits are free from any fees or commissions.
As long as you are 18 years old and above and a citizen from the GCC region, you can use the most common ways for transferring funds including:
* Credit card
* Debit card
* Bank transfer
The steps for withdrawing the funds from your account is hassle-free and very basic. All you have to do is go to the Withdrawal page, enter the amount you wish to withdraw and enter your banking details.
The processing time takes around 7 to 10 business days which is at par with the industry standard.
Based on our actual test, the request was processed in 7 business days which is within the timeframe that they promised.
The first two withdrawals for a month is subject to a fee of $20 for each withdrawal. If you have a Platinum account, the withdrawal fee will be waived.
In compliance with international laws and Anti-Money Laundering (AML) policies, your withdrawals will only be sent to the payment method than used for making the deposit. It’s good to know that they are strictly conforming with these procedures.
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Q8 Trade offers its services via several platforms, which serves the comfort of each client and gives him the option to choose what is convenient for him.
WebTrader platform: which is purely web-based and can be accessed on any browser or via the downloadable MT5 (MetaTrader 5) which is an industry-standard.
Both platforms feature several trading and risk management tools to aid you in spotting trends and making better decisions.
That’s not all…
They are also fully-customizable giving you the liberty to monitor the markets using advanced charts and historical data. If you’re keen on using your smartphone or tablet, then they also have mobile apps that they have fully optimized for touchscreen devices.
The apps can be downloaded via Google Play for Android devices and via App Store for iPhones and iPads.
We can’t emphasize enough…
Quality customer service is an essential factor in choosing the right trading platform for you. They should be able to provide you with information and help at any time that you needed assistance.
Q8 Trade can be reached via the following methods of communication:
Phone: With local numbers in Kuwait, Jordan, UAE, Cyprus and Bahrain.
Email: [email protected]
Live chat: Accessible only on the website.
Currently, they provide customer support in Arabic and English.
We’ve tested all of these methods to determine the quality of their customer support and we were very satisfied on how they handled all of our questions, issues and concerns.
The only downside is that their lines are not open 24/7. They are available Sundays to Thursdays from 06:30 to 19:00 and Fridays from 06:30 to 14:00 GMT+3. It’s not a huge disadvantage but would have been better.
If you want a fast response time, then it would be better to contact them via phone or live chat since it may take a few minutes or hours to get a response from them via email. Overall, their customer service is still highly satisfactory.
Ready to Start Trading?
The more markets you can access, the better and the good news is that Q8 Trade will allow you to invest on more than 300 instruments
Forex: This includes majors, crosses and exotic (not available for Islamic accounts) currency pairs.
Stocks: A wide selection of popular stocks such as Apple, Amazon, and Facebook. As well as local stock, such as Aramco, SABIC and many more.
Indices: Gain access to indices in the Middle East like the TADAWUL, TA35, OMXS30 and global indices like the NIKKEI and NASDAQ.
Commodities: You’ll be able to invest in products like crude oil, gold, and other precious metals.
Cryptocurrencies (not available for Islamic accounts): This includes popular digital coins like Bitcoin, Ethereum and others.
Why does this matter?
It’s because you’ll be able to access a wider spectrum of financial markets and execute trades on more instruments that are giving you opportunities to make profits.
Since Q8 Trade has more than 300 options, you’ll surely be able to find more assets that you’re comfortable to invest in.
“Compared with other trading platforms that I’m signed-up with, it was much easier to trade with Q8trade. Withdrawing the funds was hassle-free and fast.”
“I prefer to trade with Q8Trade not only because they are locally based here in Kuwait but they also have excellent customer support. I’m giving them 5 out of 5 stars!”
“Using Q8 Trade’s platform is very easy even for beginners like me who have no experience. It’s also easy to contact their customer service team via live chat. 2 thumbs up!”
“I never realized how easy and convenient it is to trade until I opened an account with Q8 Trade. There were plenty of interesting markets to invest on.”
“Q8 Trade’s platform was very easy to use. It’s also nice to know that they have very helpful agents who can deliver good customer service and can speak your language.”
Abd Al Salam el-Shakir
“One of the primary reasons why I signed up with Q8trade is because they are locally regulated. This gives me peace of mind that my trading funds are safe.”