Quantfury gives users an intuitive trading application that they can use to trade cryptocurrencies as well as other financial instruments, including equities, fiat pairs, and commodities. When trading with Quantfury, there are no fees, including leverage fees or commissions. To make Quantfury even more useful, all the financial instruments have real-time market quotes for the bid and ask prices, never including any artificial adjustments.
The broker was founded in April 2017 and has offices in both Toronto and Singapore for an international presence. Quantfury is compliant with the Investment Business Law Act, which is 2010 “SIBA” from the British Virgin Islands.
Who Is Behind Quantfury?
Quantfury is a fintech company with a strong interest and background in cryptocurrency. The company began with a group of quants, machine learning professionals, and traders. They had the goal of changing retail trading from its exploitative nature to a transparent, fair version.
Why Is Quantfury Necessary?
While there are many brokers available for trading a similar range of assets to those you can trade on Quantfury, they all have their problems. Most retail brokers bet against clients via their spreads, unrealistic fees, and market prices that are artificially adjusted. These brokers also make it nearly impossible if not actually impossible for cryptocurrency holders to use their crypto to access those markets. To round it all out, most brokers that do support trading of cryptocurrency assets will charge bigger commissions for crypto-related trades, as well as high leverage fees.
How Does Quantfury Stand Out from Competitors?
There are multiple ways in which Quantfury stands out from the competition. One of the most crucial differences is that users can utilize their cryptocurrency as collateral, and get fiat funds to trade traditional and crypto assets. Most brokers require users to first convert their cryptocurrency to fiat before depositing it, while cryptocurrency exchanges only let you trade other cryptos with your current cryptocurrency assets.
Additionally, a strong point of difference between Quantfury and the competition is how much it costs to trade with this platform. There are no commissions, leverage fees, or any other kind of hidden fees.
Lastly, all financial instruments on Quantfury are quoted at the real market bid and ask prices coming directly from the global exchanges and ECNs. Quantfury does not adjust the spreads, so users always trade using real market prices.
Who Can Benefit from Using Quantfury?
Anyone who holds cryptocurrency can benefit from using Quantfury since this application lets you easily trade markets. The ability to use cryptocurrency to invest in commodities or stocks to diversify your portfolio is a very strong point in favor of Quantfury, helping it appeal to crypto holders.
Quantfury will also appeal to anyone who wants to get the most out of their investments due to transparent pricing based on the actual market values and no fees.
What Devices Is Quantfury Compatible with?
You just download the application, register, and post your crypto for collateral. At this point, you will be ready to trade. The entire process will take about two minutes to complete, so you can start trading within minutes.
What Cryptocurrencies Does Quantfury Accept?
To make Quantfury accessible to a wide range of traders, the platform accepts the most popular cryptocurrencies. You can deposit collateral in Bitcoin, Ethereum, or Tether.
This support for the most popular cryptocurrencies lets users leverage their cryptocurrency holdings to trade both the crypto market and traditional markets.
What Assets Can You Trade with Quantfury?
Quantfury makes it possible to use cryptocurrency to get trading power in fiat and trade commodities and equities from European and U.S. markets in addition to fiat pairs and cryptocurrencies. There is the choice of 779 different equities listed in the EU and U.S., including mid- and large-cap stocks. In terms of commodities, you can use Quantfury to trade crude oil, natural gas, copper, silver, platinum, or gold.
There are eight cryptocurrency trading pairs and 14 fiat currency pairs. The cryptocurrency pairs include BTC/USD, BTC/EUR, ETH/USD, ETH/EUR, LTC/USD, LTC/EUR, XRP/USD, and XRP/EUR. The fiat pairs include USD/CAD, EUR/GBP, EUR/USD, USD/JPY, GBP/USD, NZD/USD, AUD/USD, USD/CHF, CAD/JPY, EUR/JPY, GBP/JPY, NZD/JPY, AUD/JPY, and CHF/JPY.
How Much Does It Cost to Trade with Quantfury?
One of the unique things about Quantfury is this platform offers unmatched conditions that you will be unable to find anywhere else. The platform is truly free, without any commissions, leverage, or other fees that you have to worry about, transparent or hidden.
It also stands out that Quantfury can deliver the best possible ask and bid prices. This is possible since the prices come right from the ECNs and the global exchanges. While most brokers make a profit via spreads or fees, Quantfury charges neither, giving traders the best possible prices.
Does Quantfury Support Trading with Leverage?
Although Quantfury does not charge any fees for using leverage, the platform does support the use of leverage. However, leverage on Quantfury works differently than the common conception is in the crypto market. Users fund their collateral in crypto, and receive 20x in fiat funds to trade with, but they do not have to use it all. You can buy 20$ worth of Ripple, sell 150$ worth of Gold, or buy 3 Tesla shares for 1000$. Not every single trade is with 20x leverage, users are free to choose how to allocate their trading power, what to buy or sell. This allows for a dramatic increase in the potential profits earned via trading with Quantfury. Just remember that using leverage does come with a degree of risk since your potential losses are also magnified.
What Does the Future of Quantfury Look Like?
Quantfury is working to make the process of trading financial markets fully fair as well as transparent. It will continue to offer no leverage fees or commissions for users worldwide. Quantfury aims to have at least 70,000 daily active users by November 2019, one year since the launch of the trading application.
Quantfury is a good example of an off-chain financial technology company using crypto for cost-effective means of transacting within its ecosystem and using blockchain to make its business model an industry differentiator. The company has a smartphone mobile app that allows users to trade cryptocurrencies as well as traditional assets, like equities, commodities, and fiat pairs, all using cryptocurrency as collateral and without any fees.