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On its website, Qtrade omits to include business ownership and executive information.

Qtrade claims it is incorporated as Qtrade Limited in St. Vincent & the Grenadines to seem respectable.

A shady Caribbean nation is St. Vincent and the Grenadines. MLM businesses frequently form in shady jurisdictions to elude regulations.

Any MLM organization claiming to be based in St. Vincent & the Grenadines is automatically suspicious.

The fact that Qtrade’s official Facebook page is run out of two different Jordanian locations just raises further suspicions.

Jordan is not on the same level as St. Vincent and the Grenadines, but it is also not a country where MLM is actively regulated.

Jad Natour is featured in marketing films released to Qtrade’s official YouTube channel.

The most recent Qtrade marketing film from Natour is from December 2021.

Natour describes himself as a Financial Analyst with Qtrade on LinkedIn.

In the profile here Natour uses the hashtag “Jordan” in a shared post, Qtrade is located in Dubai (the world’s MLM fraud capital), and he claims to be from Lebanon.

Jad Natour claims to be based in Saudi Arabia on Twitter:

Nature just published a picture with the geotag “Jordan” on Facebook:

I’m going to venture a wild guess and say Natour is operating Qtrade from Jordan. It is uncertain if he is operating alone or with others.

The domain name “qtradeltd.com” for Qtrade’s website was privately registered on January 5th, 2021.

Always consider joining and/or giving any money to an MLM firm very carefully if it is not transparent about who owns or runs it.

Products from Qtrade

Access to a forex trading platform is provided by Qtrade.

Trade whatever you choose using Qtrade’s selection of more than 120 instruments, including FX pairings, indices, commodities, and share CFDs.

The accounts that Qtrade provides can be opened with different minimum deposits.

The accounts are not further described.

The Compensation Plan for Qtrade

The reward structure at Qtrade is based on the trading volume generated by affiliates and recommended clients.

Down three levels of hiring, Qtrade pays commissions on margin range volume (unilevel):

The volume of transactions made by a downline influences commission rates:

Produce $5000 in margin range volume for a 100% commission rate on level 1, a 35% commission rate on level 2, and a 10% commission rate on level 3. Produce $5001 to $15,000 in margin range volume for a 110% commission rate on level 1, a 56% commission rate on level 2, and a 20% commission rate on level 3. Produce $50,000 to $130,000 in margin range volume for a 140% commission rate on level 1, a 98% commission rate on level 2, and a 53% commission rate on level 3.

generate $400,001 to $1,050,000 in margin range volume, which equates to a 190% commission rate on level 1, 133% on level 2, and 78% on level 3; generate $1,050,001 to $2,500,000 in margin range volume, which equates to a 230% commission rate on level 1, 147% on level 2, and 88% on level 3; generate $2,500,001 to $5,000,000 in margin range volume, which equates to a 280% commission rate on level 1, 161% on level 2,

Margin range describes trading using money that is essentially borrowed from a broker, in this instance Qtrade.

The volume of the margin range is tracked over the previous 90 days to determine the commission rate.

According to Qtrade’s pay information, the normal commission is $15.

The Standard Commission, or “base value,” is 2.4 pips (5-decimal price) for each transaction made in an STP account and 15% of the Qtrade commission for trades made in ECN or Crypto accounts.

The percentages above are computed about this sum. E.g. 100% = $15, $230% = $34.50 etc.

Keep in mind that Qtrade has a daily commission ceiling of $100 per trade order, $1000 daily total commissions, and $10,000 lifetime per referral.

Also, take notice that Qtrade affiliates who “draw numerous referrals with substantial trade volumes” are eligible for greater commission rates. There are no specifics given.

Getting on Qtrade

The Qtrade affiliate program looks to be free to join.

Qtrade Summary

The MLM program offered by Qtrade is not particularly obnoxious. You have a typical trading platform, and from what I can tell, no automated trading functionality.

As a result, Qtrade may operate lawfully and avoid worries about securities fraud.

If you’re not acquainted with margin trading, you should study it because it’s connected to the MLM side of the company.

While commission rates vary, one thing to keep in mind is that the daily cap might damage a heavy promoter. Additionally, the $10,000 restriction on affiliate referrals (retail or recruited) hurts Qtrade’s long-term profitability.

The questionable nature of the business owner is where Qtrade fails. Although Jad Natour seems to be in charge, Qtrade’s website does not explicitly state such.

A further cautionary sign that should not be disregarded is Shell’s incorporation in St. Vincent and the Grenadines.

Given the size of the FX market and its widespread accessibility, Qtrade’s red flags significantly lessen its appeal from a trading standpoint.

Why would you choose Qtrade above the zillion other platforms available if you weren’t an affiliate advertising it?

As a trader, I’d feel a lot more at ease using a platform whose incorporation wasn’t done in a tax haven and whose ownership information I could confirm. especially when we’re talking about minimum deposit amounts between $5000 and $10,000.

Even though Qtrade has been around for less than a year, there is no evidence of its long-term stability.

Take care when approaching.

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