Q8Trade

Q8Trade Review

Although Q8 Trade is a relatively new broker, they launched in 2017; they already stand out from the crowd. Q8 Trade is renowned for speed. Q8Trade offers a fast, agile, robust platform with no download and no registration fee.

Their parent company, Q8 Securities, was established back in 1985 as Al-Arabi and recently rebranded in 2017. This successful brokerage firm facilitated investments in derivatives and equities both inside Kuwait and in international markets.

Q8Trade is a market maker CFD and Forex broker, with headquarters in Kuwait and regulated in Kuwait under the Capital Markets Authority.

Tradeable Assets

Q8 provides a trading platform which provides traders with a wide range of tradeable assets including Forex currency pairs, commodities, indices, and CFD stocks across both major and minor financial markets.

Account Types

There are four main account types offered by Q8 Trade:

Bronze

Minimum deposit of $250
Minimum Forex spread of 3 pips

Silver

Minimum deposit of  $1,000
Minimum Forex spread of 3 pips
5% welcome or upgrade bonus  
Personalized account manager

Gold

Minimum deposit of $10,000
Minimum Forex spread of 2 pips
10% welcome or upgrade bonus
Free trading alerts

Platinum

Minimum deposit of $50,000
Minimum Forex spread of 1.5 pips
20% welcome or upgrade bonus
Free direct line to the trading room

All accounts come with several free perks including:

• Q8 Trade’s proprietary “power to grow” trading tools
• Unlimited access to the company’s eBook library
• Daily market review email at the start of every trading day.  

Demo Account

Practice trading on over 200 underlying assets, including stocks, forex, commodities, and indices.
Get the Power to Grow* with a unique set of expert tools, news, and market analysis
To-go Mobile app demo account. Islamic accounts also available for demo.

Type of Broker  

Q8Trade is a Market Maker and CFD Broker

Platforms

Mobile App

Q8’s mobile app has the most cutting-edge, security measures available. The Q8 Trade app is available for free on iOS and Android devices.

MetaTrader 4 (MT4)

MT4 allows your to combine the strength of your Q8 Trade account with the power of MT4 with innovative algorithmic trading. Including hundreds of indicators and studies to give you unparalleled technical trading analysis.

Web Trader

Register, log in and start trading CFDs in seconds – no download required. With Web Trader transactions, funds and personal details shielded behind some of the industry’s most robust protection and encryption.

Bonus

Q8 Trade offers a deposit bonus equal to 5% of the deposit to clients opening a Silver account. A 10% deposit bonus is awarded to clients opening a Gold account, and 20% deposit bonus to Q8 clients opening a Platinum account.

Deposits Options

Q8 Trade makes depositing funds into your account easy as well as secure. Clients can deposit in four currency denominations: USD, EUR, GBP, and Kuwaiti Dinars. Deposits can be made using a range of methods, including credit cards, bank wire transfer, KNET, and a wide variety of E-Wallets.

The minimum deposit is $250 by KNET and credit card and $500 by wire transfer.

Withdrawal Methods

Withdrawals can be made through the same banking methods used for deposits, excluding KNET.

Customer Support

Clients can contact a Q8 Trade Representative by phone during business hours or by email after business hours.

Languages

Q8 Trade’s website is offered in English or Arabic

Address

Boursa Kuwait
1st Floor Mubarak AlKabeer St.
Sharq, 15301

Ease of Use

Q8Trade offers their clients a dynamic, user-friendly platform with an extra edge. All Q8 Traders can use “Power to Grow” technology which is a unique set of tools that can help unlock your trading potential. Plus Q8 provides their traders with personal follow up, webinars and more. And traders can take their skills to the next level with their expert educational material.

Why Trade at Q8Trade

Although relatively new to the market, Q8Trade seems to be able to keep up with the big boys. Q8 launched their forex and CFD trading platform in 2017, and it appears to have a very well-rounded offering for traders. For those looking to trade a mixture of major and minor Forex currency pairs, as well as the most popular global individual shares, CFDs, commodities, indices, and futures, Q8Trade is for you. Retail and higher net worth traders based in the middle east are very likely to find this broker appealing.

To see how Q8Trade ranks against other industry-leading trading platforms see our comparison charts. Read our expert reviews, see our ratings and compare the best online trading platforms, features, fees, and more.