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General Information
Broker Name: RSQTrade
Broker Type:Forex & CFD
Country: United Kingdom
Operating since year: 2020
Address: Nova North, Bressenden Place, London, SW1E 5BY
Broker status: Active
Customer Service
Phone: +442070488145
Email: support@rsqtrade.com
Languages: English
Availability: 24/7
Trading
The Trading platforms: MT4, Proprietary
Trading platform Time zone: -
Demo account: Yes
Mobile trading: Yes
Web-based trading: Yes
Bonuses: No
Other trading instruments: Yes
Account
Minimum deposit ($): $2,500
Maximal leverage: 1:400
Spread: Floating
Scalping allowed: Yes

CONTENT

  • GENERAL INFORMATION
  • FUNDS TRADING AND SECURITY
  • THE TRADING ACCOUNTS
  • TRADING CONDITIONS
  • TRADING PLATFORM
  • RSQTRADE’S TRADING PRODUCTS
  • CUSTOMER SERVICE
  • CONCLUSION

RSQTrade Review 2021 – Is this fresh broker good?

RSQTrade review: trade global financiual markets on over 1000 assets

 

General Information

RSQTrade is a fresh broker that started operating a little over a full year ago, in 2020. The firm prioritizes CFD and forex trading and has been attracting attention recently, creating a spot for itself in the brokerage world. RSQTrade operates from the UK, or more precisely Nova North, Bressenden Place, London, SW1E 5BY. Our RSQTrade review will help you decide if the firm is the right choice for your trading preferences.

The reason RSQTrade has been attracting a ton of new traders becomes apparent as soon as you open its website. The site immediately conveys vital information to users, making inspecting the brokerage a breeze. However, you don’t want to read the condensed info on the landing page and sign up. The correct thing to do is inspect each area in as much detail as the broker allows you.

Moreover, RSQTrade shows no weakness there either, as its website is neatly organized into easily digestible sections. There’s no overload of information or digging through fringe pages to find out what you want to know. In fact, that’s why the initial browsing experience is excellent, making it easier for the broker to acquire new users. Top that off with functional excellence and speed, and you’ve got one of the best broker websites out there.

However, the website quality plays a relatively small role in our RSQTrade broker review. While it does demonstrate meticulousness, there are vastly more important features contributing to the broker’s quality. Luckily, it maintains a similar degree of excellence throughout. Let’s look at some of RSQTrade’s most praiseworthy features:

trading platform

·      24/7 Support

Many tend to downplay the importance of customer service quality at online brokers. Conversely, a large portion of trader complaints relates to how customer support handled their issue. That indicates that the quality and structure of customer support largely determines the user experience. When’s the last time you used an online service for an extended period and had zero issues? Think about it. Add the fact that problems with brokers can cost you thousands. So, it is apparent why RSQTrade’s excellent 24/7 support is vital.

·      Top-Quality Tools at RSQTrade

RSQTrade has a wide set of tools that can assist both experienced and new traders. For the former, there are analysis tools that can vastly increase the precision of your trading predictions. On top of that, they can also solidify your strategies and help you in crafting new ones. As for the latter, there are educational tools that can help newer traders overcome the initial hurdle. Commonly, many consider it to be the most difficult one.

·      Wealth of Assets

Another vital booster to the broker’s overall trading experience is its massive collection of assets. It houses over 1000 trading products users can buy and sell to make a profit. Furthermore, each trading instrument’s asset list and details are listed under the broker’s asset index. That means you can inspect the list and go in fully informed. In fact, this is a huge positive because typically, most brokers don’t allow this.

 

Funds Trading and Security at RSQTrade

Funds Trading and Security

As a rule of thumb, safety is something we should all consider when using online services. Such a statement sounds like common sense, but it’s surprising how little attention some people give to online security. Translate that to online brokers where you’ve possibly got thousands of dollars in your account, and you’ve got an issue. Losing money to a scam while trading feels horrible, and you should take every measure to prevent that. The primary thing you should focus on here, of course, is choosing a safe broker.

We’ve inspected RSQTrading’s security as we always do with brokers and are glad to say we’re content with the results. The broker demonstrates both internal and external threat protection, which means traders should be entirely safe. Let’s start by analyzing the internal security first.

The broker is located in the UK, which lends a degree of trustworthiness from the get-go. Furthermore, the broker’s clarity and devotion to trader improvement also bolster its trust rating. Even the terms and conditions, the area where most brokers hide their maliciousness, are transparent and clear. The broker claims to have security as a primary priority, and that definitely shows.

As for external threats, the broker employs a straightforward one-two combo of SSL encryption and account verification. While the two may sound simple, they go a long way against protecting users from hacking activity. That’s because hackers often select the easiest possible targets. Furthermore, even if their account info were to get somehow compromised, as long as customers have their email, they’ll be fine. The effectiveness of RSQTrade’s measures is apparent from the lack of any breaches.

The conditions and the lack of user complaints give us great confidence in the broker’s safety. So, naturally, our RSQTrading review demonstrates great trust in the broker’s security.

 

The Trading Accounts

As far as accounts go, the broker seems to have done everything right. There’s a demo, which you can use to practice or investigate the service in great detail. It’s no wonder that many consider demo accounts to be crucial in determining broker quality. But naturally, that type doesn’t impact your actual trading experience, and you should look at the live accounts.

As for those, there’s a variety of types that determine user experience. Each variation is powerful on its own, so there’s no wrong choice. On top of that, ranking up is based on investment, meaning you get all the money you put in. There are no maintenance costs, so in essence, the accounts are entirely free regardless of the type. The types cover everyone from traders on a stricter budget to those willing to invest more.

In fact, there are six types in total, and each promises a top-notch experience. To help you choose, we’ll present some of each accounts’ qualities:

RSQTrade Trading Accounts

Basic

  • $2,500
  • Spreads
  • 24/7 Support
  • Education Center
  • Daily Market Review
  • PRO Webinars
  • Price alerts
  • Daily Analysis Video

Bronze

  • $10,000
  • Spreads
  • 24/7 Support
  • Education Center
  • Daily Market Review
  • PRO Webinars
  • Price alerts
  • Daily Analysis Video
  • Account Manager (Junior)

Silver

  • $25,000
  • Spreads
  • 24/7 Support
  • Education Center
  • Daily Market Review
  • PRO Webinars
  • Price alerts
  • Daily Analysis Video
  • Account Manager (Senior)

Gold

  • $50,000
  • Spreads
  • 24/7 Support
  • Education Center
  • Daily Market Review
  • PRO Webinars
  • Price alerts
  • Daily Analysis Video
  • Account Manager (Executive)
  • Personalized trading strategy

Platinum

  • $100,000
  • Spreads
  • 24/7 Support
  • Education Center
  • Daily Market Review
  • PRO Webinars
  • Price alerts
  • Daily Analysis Video
  • Account Manager (VIP)
  • Personalized trading strategy
  • 1-on-1 Trading Trainer
  • Exclusive Position Access

Black

  • Hidden Specifications
  • Contact Your Account Manager for More Information

 

Trading Conditions

RSQTrade’s trading conditions are nothing short of excellent, with nearly everything you could ask for. We’ve already mentioned the variety of assets earlier in our RSQTrade review, which is a significant plus. On top of that, the firm uses spread-based charges, making them much lower for most users. In fact, the leverage is at a competitive 1:400, which is just the right amount to give you an edge without increasing risk too much.

The supporting conditions are great, too; the funding is quick with detailed guides on depositing and withdrawing. The excellent security means you don’t need to worry about your money disappearing. Moreover, the trading tools and educational materials help you improve as a trader and make earning money easier. Altogether, everything points towards the broker being one of the few user-oriented online trading services.

 

Trading Platform

RSQTrade has two options as far as platforms go, with the primary one being MetaTrader4. The other is their proprietary platform which acts as the firm’s WebTrader. Both are intuitive pieces of software that let users conduct their trades effectively and quickly. It’s also worth noting that both have powerful analytical capabilities, allowing you to perfect your strategies. There’s also a mobile trader option for the increasing group of traders that prefer to invest that way.

 

RSQTrade’s Trading Products

As we have stated multiple times in our RSQTrade broker review, the firm boasts a massive asset library. In fact, it serves multiple purposes, including making trading more fresh and engaging. More importantly, it leads to straightforward portfolio diversification and better average asset quality. Traders will also have fewer missed opportunities due to the broker not allowing trading on a specific asset. Here are the trading instrument categories on rsqtrade.com:

  • Stocks
  • Forex
  • Commodities
  • Indices
  • Cryptocurrencies

 

Customer Service

We already explained the significance of a positive customer support experience for traders. Earlier in our RSQTrade review, we also noted the quality of their customer service team. Not only does it work at an extended 24/7, but its representatives are also kind and helpful. Because of that, the customer service is vastly better than many other brokers.

 

Phone: +442070488145

Email: support@rsqtrade.com

 

RSQTrade Review: Conclusion

There’s no doubt in our minds that RSQTrade invested a lot of effort into creating its service. That paid off, as the result is a versatile brokerage that can compete with the best. From its trading conditions, security measures, and supporting features, everything maintains a remarkable degree of quality. Because of that, RSQTrade stands out as one of the most versatile brokers out there.

The presence of a demo account means it costs nothing to test out the broker and see if it’s the right fit for you! Naturally, that’s exactly what we’d recommend while concluding our RSQTrade review.

  • Support
  • Platform
  • Spread
  • Trading Instrument
Comments Rating 4.74 (194 reviews)


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