luckprofx.net is a website offering online CFD trading services, founded in October 2024, under the brand name "Quantum Trade". The platform provides investors with a diverse range of CFD trading options, including Forex, precious metals, oil, indices, and cryptocurrencies, among various asset classes. However, the platform clearly states that it does not offer services to regions violating local laws and regulations.
Platform Service Overview
Trading Accounts
Quantum Trade offers four different types of trading accounts:
Micro
- Spread: 2.0 points
- Swap Account/Islamic Account: Not offered
- Margin Call: 70%
- Stop-out Level: 50%
- Trading Commission: None
- Maximum Leverage: 1:500
- Minimum Deposit: $10
- Minimum Trade Size: 0.01 lots
- Maximum Single Trade Size: 5 lots
- Maximum Number of Orders: 100 lots
- Execution Speed: Instant execution
- Account Currency Type: USD
- Customer Manager Service: Provided
- Scalping: Not supported
Mini
- Spread: 1.5 points
- Minimum Deposit: $100
- Maximum Single Trade Size: 10 lots
- Maximum Number of Orders: 200 lots
Other conditions are the same as for the Micro account
Standard
- Spread: 1.2 points
- Maximum Leverage: 1:200
- Minimum Deposit: $1000
- Maximum Single Trade Size: 20 lots
- Maximum Number of Orders: 200 lots
Other conditions are the same as for the Micro account
ECN
- Spread: Raw spread
- Swap Account/Islamic Account: Provided
- Trading Commission: $6
- Maximum Leverage: 1:100
- Minimum Deposit: $5000
- Maximum Single Trade Size: 30 lots
- Maximum Number of Orders: 300 lots
Other conditions are the same as for the Micro account
Trading Platform
Quantum Trade offers users the TM9 trading platform, available in both desktop and mobile versions, with support for copy trading.
Deposit and Withdrawal Methods
Quantum Trade supports user deposits and withdrawals via bank transfer, UPI, Visa, MasterCard, Google Pay, and cryptocurrencies. However, except for cryptocurrencies, other payment methods are limited to Indian Rupees. Furthermore, except for Visa and MasterCard, which require a 3% fee for deposits, all other methods do not incur any fees.
Contact Information and Social Media
Although the official website displays icons for major social media platforms like Facebook, Instagram, and Twitter, the broker has not set up these communication channels.
Users can contact Quantum Trade via the phone number or email provided on the official website.
Company Background and Regulatory Information
Company Background
According to the public information on luckprofx.net, Quantum Trade claims it was established in 2019 and is headquartered in Dubai. It boasts having multiple regulatory licenses and is renowned in the forex sector as one of the world's most influential brokers.
However, the broker's official website does not provide any information about the company's actual registration, nor does it disclose any regulatory information.
Regulatory Information
Upon inquiry, it was found that major financial regulatory bodies like the Financial Conduct Authority (FCA), the U.S. Securities and Exchange Commission (SEC), and the European Securities and Markets Authority (ESMA) do not contain registration or regulatory information for Quantum Trade on their websites. Similarly, no registration or regulatory information is found on the Dubai Financial Services Authority (DFSA) website.
Conclusion
luckprofx.net is a newly established CFD trading site in 2024, but it lacks a genuine company entity and is not authorized or regulated by any financial regulatory body.
Risk Warning
CFD trading carries a high level of risk, and market volatility may lead to the loss of investors' principal. Leverage operations can magnify both risks and potential gains. It is advised that investors fully understand market volatility and the mechanisms of CFD trading, and assess their risk tolerance before engaging in trading. Trading should be conducted with sufficient experience to avoid blind investment.
