Q8 Trade Review

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Q8 Trade offers a broad selection of trading markets for CFD trading. Customers can access over 45 currency pairs, 16 commodities, over 150 global stocks, and over 25 indices with CFDs available to trade on.

The broker accepts deposits through bank wire transfer and card (Visa/Mastercard), with a minimum deposit of $250 required to open an account. Withdrawals from Platinum/Diamond accounts are free.

Swap-Free Accounts

Online trading is open and available to anyone interested in earning money, regardless of profession or geographical region. Some individuals may experience restrictions from trading due to religious values; these traders can still trade by opening a “swap-free account,” similar to regular Forex accounts but with no interest charges or payments required.

Swap-free accounts offer Muslim traders who forbid interest payments an ideal solution since no swap fees are charged when positions remain open overnight. Q8 Trade’s Islamic Banking team in Kuwait works diligently on expanding and improving offerings to meet Muslim trader needs more effectively, including revamped website design and mobile application functionality to enhance customer experience and offering 26 financial instruments, including Forex pairs and indices to trade.

Free Demo Account

Q8 Trade was established in 2017 but stood out from the competition thanks to its speed. Their platform uses the new version of MT5 that has replaced its predecessor and offers advanced analysis tools and features; additionally, it can also be accessed on smartphones and tablets.

At its core, TD Ameritrade provides various accounts with different perks and minimum deposits; Bronze offers the lowest minimum deposit amount, with $250 as its threshold, making this broker unique.

This broker accepts deposits via KNET, credit cards, E-Wallets, and bank wire. Withdrawals may also be requested; however, they must include verified documents that verify identity, residency, and payment method used to fund the account. Please see the website for a list of necessary documents.

Minimum Deposit

Q8 Trade provides multiple ways for depositing funds into your account, including KNET, credit cards, and bank wire. The minimum deposit required is $250 in USD, EUR, GBP, or Kuwaiti Dinars. However, withdrawals need you to complete identity, address, and payment method verification before being approved for withdrawals.

This broker provides various trading platforms, including WebTrader and MetaTrader 5 (MT5), suitable for desktop computers and mobile devices. With WebTrader, you can trade directly through your browser without downloading software.

Q8 Trade offers an expansive selection of cryptocurrencies that can be traded as CFDs through the MT5 platform, making them accessible and straightforward. Furthermore, their website features an impressive selection of assets suitable for trading on CFD. Lastly, Q8 Trade also provides Islamic accounts that comply with Sharia law by not charging interest charges or payments on accounts opened with them.

Customer Service

Q8 Trade, an online trading broker based out of Kuwait, provides CFDs on currency pairs, stocks, commodities, and indices regulated by Kuwait Capital Markets Authority for traders throughout the Middle East. Furthermore, Islamic accounts are also offered.

Q8 Trade provides their website in both English and Arabic for your convenience; customer service representatives can be reached via telephone and email; traders can deposit funds using KNET, credit cards, and bank wires; plus, educational tools help traders make wiser choices.

Q8 Trade uses the PandaTS web-based platform to offer CFDs on forex pairs, commodities, and market indexes. Their range is extensive: 45 currency pairs (including one bitcoin pair), 16 items, and 150 stock CFDs are offered. As part of their Welcome and Upgrade bonuses, they also provide 10%-25% bonus offers for Gold and Silver accounts respectively (though Bronze accounts don’t qualify) plus, traders have leverage levels available from 1:1 up to 1:400!