Wikilix
Contract reading

What QuickTrade legally published, but does not want you to read

Every clause below is published by QuickTrade itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: QuickTrade.World (Pty) Ltd

withdrawalssole discretioncontradictionhidden feebonus lockcounterpartyforum waiverkyc freezemarginoffshore entity

QuickTrade markets an FSCA licence in South Africa. The company you actually trade against is QuickTrade.World (Pty) Ltd in Botswana. Its contract says your margin becomes the firm's own money once used. Withdrawals can be refused while you hold any losing position.

Back to QuickTrade

Contract risk

Money at risk
8.0/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
7
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
15
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
26
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
7

How the 15 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical7
Warning7
Notice1

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

0.6%Fee you were not shown. Jump to the clause this comes from.A 0.6% commission each way, published only in Botswana$10000000In the contract. Jump to the clause this comes from.South African clients arbitrate in Botswana, behind closed doors100%Bonus requirement. Jump to the clause this comes from.Any withdrawal forfeits the deposit bonus

What the documents say

15 clauses worth knowing about, worst first, each quoted from QuickTrade's own files

01

QuickTrade's funding page tells you client funds sit in segregated accounts. Clause 25.6 says that once your margin is applied to a trade, it is paid to QuickTrade.World's own bank account and becomes the company's own assets.

Why this matters

The money backing your open positions is no longer held for you. Clause 25.6 says it carries no statutory protection, so if the company fails you are an ordinary creditor for that part of your balance.

Exhibit 1CriticalRarely seen

Therefore once the Margin payments are made, such payments become the assets of QuickTrade.World. Such Margin payments will not be subject to the protections conferred by any applicable legislation .
Clause 25.6 in CONTRACTS FOR DIFFERENCE CLIENT GENERAL TERMS & CONDITIONS, p.28
Read from the broker's site on Open the reference
Our own capture of quicktrade.co.za, taken on Aug 29, 2026The claim, on Deposits and Withdrawals page, Important to know sectionVisit this page on the broker's siteDownload the full size image file
Our own capture of vjfnyzdclzeqwvetqkru.supabase.co, taken on Aug 29, 2026What the contract says, clause 25.6Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must keep retail client money segregated from the firm's own funds and cannot treat it as their own. This contract says applied margin becomes QuickTrade.World's assets and carries no statutory protection.

QuickTrade is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingMost client money clauses keep margin in a segregated account until a trade settles. Writing into the contract that transferred margin becomes the firm's own assets, and then that it loses legal protection, is unusual to see stated.

  • Worse together with Exhibit 2The balance that keeps its protection is also the balance QuickTrade.World can refuse to pay while a position is open.
02

Clause 23.4 lets QuickTrade.World refuse to pay your credit balance if you have unrealised losses on your account, or if it decides there is a dispute you may cause. Clause 23.4.1 also lets it refuse until you hand over whatever documents it asks for.

Why this matters

You cannot take money out while you hold a losing open position, even if the rest of your balance is free cash. The dispute ground carries no time limit, so QuickTrade.World decides when it ends.

Exhibit 2CriticalHarder than usual

you have unrealised losses on your Account;
Clause 23.4.2 in CONTRACTS FOR DIFFERENCE CLIENT GENERAL TERMS & CONDITIONS, p.27
Read from the broker's site on Open the reference
Our own capture of vjfnyzdclzeqwvetqkru.supabase.co, taken on Aug 29, 2026Withdrawal refusable while any position shows a loss (clause 23.4.2)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA must pay a retail client's withdrawal request promptly and cannot hold client money without a proper basis. This contract allows refusal while any unrealised loss sits on the account.

QuickTrade is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 3You are not asked to prove who you are until you ask for money out, and failing that request is itself a ground to refuse payment.
03

QuickTrade.World advertises that you can open an account and trade with no identity check. Clause 43.1 says the documents it decides it needs can be demanded when you request a withdrawal, or at any point after.

Why this matters

Your money goes in without checks, and the verification then stands between you and getting it out. If you cannot satisfy the request, clause 23.4.1 lets QuickTrade.World refuse the payment.

Exhibit 3CriticalHarder than usual

will be requested from you at the time you submit your Registration Form, when you request a withdrawal of proceeds in terms of clause 23, or at any time during the course of our business relationship.
Clause 43.1 in CONTRACTS FOR DIFFERENCE CLIENT GENERAL TERMS & CONDITIONS, p.38
Read from the broker's site on Open the reference
Our own capture of quicktrade.world, taken on Aug 29, 2026The claim, on QuickTrade.World homepage, platform feature listVisit this page on the broker's siteDownload the full size image file
Our own capture of vjfnyzdclzeqwvetqkru.supabase.co, taken on Aug 29, 2026What the contract says, clause 43.1Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must verify a retail client's identity before that client can trade, not at the point money leaves. This contract puts the document request at the withdrawal stage.

QuickTrade is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

04

The deposit bonus terms say your account is reset to zero under QuickTrade's Negative Balance Protection. Clause 15.4 of the contract says the opposite: you are liable to pay any negative balance on your account.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

Negative balance protection means the broker writes off a loss that takes you below zero. One document promises it, the contract removes it, and clause 2.2 says the contract wins.

Exhibit 4CriticalStandard wording

You will be liable to us to pay any negative balance on your Account.
Clause 15.4 in CONTRACTS FOR DIFFERENCE CLIENT GENERAL TERMS & CONDITIONS, p.24
Read from the broker's site on Open the reference
Our own capture of vjfnyzdclzeqwvetqkru.supabase.co, taken on Aug 29, 2026The claim, on Deposit Bonus Terms and Conditions, clause 13Visit this page on the broker's siteDownload the full size image file
Our own capture of vjfnyzdclzeqwvetqkru.supabase.co, taken on Aug 29, 2026What the contract says, clause 15.4Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), ESMA (EU), CySEC (Cyprus)

Firms licensed by the FCA and under ESMA rules must give retail CFD clients negative balance protection, so a client cannot lose more than the money in the account. This contract makes you liable for any negative balance.

QuickTrade is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 10QuickTrade.World can raise the margin it demands during the life of a trade, which is the moment a shortfall turns into a debt you owe.
05

Clause 6 of the deposit bonus terms lets QuickTrade.World cancel your bonus and any profits you made at any sign of what it calls abuse, and close your trading account. Clause 7 lets it cancel the bonus if it feels you are not acting in good faith.

Why this matters

Neither abuse nor good faith is defined anywhere in that document. Profit you have already earned can be taken back on a judgement QuickTrade.World never has to explain.

Exhibit 5CriticalHarder than usual

QuickTrade.World (Pty) Ltd may cancel the bonus and any profits made if we detect any signs of abuse of the bonus program and terminate your trading account.
Clause 6 in DEPOSIT BONUS TERMS & CONDITIONS, p.1
Read from the broker's site on Open the reference
Our own capture of vjfnyzdclzeqwvetqkru.supabase.co, taken on Aug 29, 2026Bonus profits cancelled if the firm feels you acted badly (clause 6)This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
  • Only applies after Exhibit 12This power only reaches you once you accept a bonus, which the marketing offers on every deposit tier.
06

Every QuickTrade page carries the FSCA licence of QuickTrade (Pty) Ltd. Its own conflict of interest policy says that company is an intermediary, and that your principal relationship is with QuickTrade.World in Botswana, the company you actually trade against.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Liquidity providers are outside banks and brokers.

Why this matters

The South African regulator supervises the company that introduced you, not the one holding your money. No licence number appears anywhere in these documents for the Botswana entity.

Exhibit 6CriticalHarder than usual

As such, QuickTrade SA acts as an intermediary for QuickTrade Botswana. Therefore, the clients' principal relationship is with QuickTrade Botswana.
Clause 2.4 in CONFLICT OF INTEREST POLICY, p.2
Read from the broker's site on Open the reference
Our own capture of quicktrade.co.za, taken on Aug 29, 2026The claim, on South African legal page, regulatory and legal informationVisit this page on the broker's siteDownload the full size image file
Our own capture of wxuwzyewjztuuzkjullb.supabase.co, taken on Aug 29, 2026What the contract says, clause 2.4Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FSCA (South Africa)

A Category we FAIS licence from the FSCA authorises advice and intermediary services. Issuing over the counter derivatives as principal is a separate authorisation, and the entity doing that here is registered in Botswana.

QuickTrade is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 9Because the counterparty sits in Botswana, the contract sends your dispute to arbitration there rather than to the South African Ombud.

Complaining lets QuickTrade.World close the trades you are disputing

Clause 32.2.1 lets QuickTrade.World close your open trades to limit the amount in dispute, and clause 32.2.2 lets it refuse every instruction except closing orders while the dispute runs. Clause 23.4.5 blocks your withdrawal over the same dispute. On bonus questions, the deposit bonus terms make the Managing Director's decision final and binding.

Cost of complaining1 clause flagged

Clause 32.2.1 lets QuickTrade.World close your open trades to limit the amount in dispute. Clause 32.2.2 lets it refuse every trading instruction except closing orders for as long as the dispute runs.

Why this matters

Complaining can cost you the positions you are complaining about. Clause 23.4.5 separately blocks your withdrawal while that same dispute is open, so you cannot trade and cannot leave.

Exhibit 9CriticalHarder than usual

we may close - out any of your open Trades for the purpose of limiting the amounts involved in the dispute between you and us; and
Clause 32.2.1 in CONTRACTS FOR DIFFERENCE CLIENT GENERAL TERMS & CONDITIONS, p.32
Read from the broker's site on Open the reference
Our own capture of vjfnyzdclzeqwvetqkru.supabase.co, taken on Aug 29, 2026Raising a dispute lets the firm close your trades (clause 32.2.1)This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
  • Worse together with Exhibit 2An open dispute is both a reason to close your positions and a listed ground for refusing to pay your balance.

The fee schedule is on a website the South African pages never link

QuickTrade charges 0.6% to open and 0.6% to close a US equity CFD, a figure that appears only in a one page schedule hosted on the Botswana site. The South African funding page promises no hidden fees and does not link to it. The contract and that schedule also give two different benchmark rates for the same overnight funding charge.

Cost disclosure2 clauses flagged

QuickTrade's South African funding page promises no hidden fees. The fee schedule, which that page does not link to, charges you 0.6% to open and 0.6% to close a US equity CFD, with no minimum.

Why this matters

You pay 1.2% of the position before the price moves at all. Clause 23.3 also puts every bank charge on a withdrawal onto you, which the funding page never mentions.

Exhibit 7WarningHarder than usual0.6%

You will be charged 0.6% in and out (no minimum fee)
Quoted in SUMMARY FEE SCHEDULE, p.1
Downloaded from the broker's site on Open the reference
Our own capture of quicktrade.co.za, taken on Aug 29, 2026The claim, on Deposits and Withdrawals page, opening paragraphVisit this page on the broker's siteDownload the full size image file
Our own capture of vjfnyzdclzeqwvetqkru.supabase.co, taken on Aug 29, 2026What the contract says, clause 23.3Visit this page on the broker's siteDownload the full size image file

What it costsA $10,000 position in a US equity CFD costs $60 to open and $60 to close. That is $120 gone before the trade earns anything.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must disclose costs and charges to a retail client before that client trades. This fee schedule sits on a different website from the one a South African client is sent to.

QuickTrade is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Clause 21.2 charges overnight funding at the US Federal Funds Rate plus 3% on a long position. The fee schedule charges the same thing at the SAFEY rate plus 3%. Those are different rates in different countries.

Why this matters

You cannot work out what holding a position overnight costs, because the two published documents give two answers. The charge runs every day a position stays open, weekends and public holidays included.

Exhibit 8WarningRarely seen3%

Overnight funding must be paid by the Client at the FED Federal Funds Rate + 3% on a long position and the Client receives FED Federal Funds Rate – 3% on a short position (FED – American Central Bank interest rate).
Clause 21.2 in CONTRACTS FOR DIFFERENCE CLIENT GENERAL TERMS & CONDITIONS, p.26
Read from the broker's site on Open the reference

Our readingOvernight funding at a benchmark plus a margin is ordinary. Publishing two documents that name two different benchmark rates for the identical charge, with nothing reconciling them, is not.

Taking your own money out cancels the bonus

QuickTrade offers up to a 100% deposit bonus in South Africa and between 50% and 150% on its Botswana site. Clause 8 of the bonus terms says the bonus credit can never be withdrawn, and clause 14 forfeits it on any withdrawal during the bonus period. The South African page says volume requirements apply, and the published terms set none.

Bonus conditions1 clause flagged

QuickTrade offers up to a 100% bonus on deposits in South Africa. Clause 8 says that bonus credit can never be withdrawn, and clause 14 says any withdrawal during the bonus period forfeits it.

Why this matters

Taking any of your own money out cancels the bonus. The South African page says volume requirements apply, but the actual bonus terms set none, so you cannot tell what you must do to keep it.

Exhibit 12WarningHarder than usual100%

The Bonus credit cannot be withdrawn.
Clause 8 in DEPOSIT BONUS TERMS & CONDITIONS, p.1
Read from the broker's site on Open the reference
Our own capture of quicktrade.co.za, taken on Aug 29, 2026The claim, on Deposit Bonuses page, terms summaryVisit this page on the broker's siteDownload the full size image file
Our own capture of vjfnyzdclzeqwvetqkru.supabase.co, taken on Aug 29, 2026What the contract says, clause 14Visit this page on the broker's siteDownload the full size image file

What it costsA $5,000 deposit at the 100% tier adds $5,000 of bonus credit. Clause 8 says none of that $5,000 can ever be withdrawn.

Set against a regulated standard: FCA (UK), ESMA (EU)

Firms under FCA and ESMA rules may not offer trading bonuses or similar incentives to retail CFD clients at all. QuickTrade promotes tiered deposit bonuses on both of its websites.

QuickTrade is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

QuickTrade.World sets the margin and can change it mid-trade

QuickTrade.World fixes margin in its sole discretion and clause 1.1.23 lets it change that during the life of an open trade. Clause 15.2 treats one hour as reasonable notice to fund a margin call, and reserves the right to demand it sooner. Miss it and clause 15.4 closes your positions and leaves you carrying any negative balance.

Terms that move1 clause flagged

QuickTrade.World sets margin in its sole discretion and can change it during the life of a trade. Clause 15.2 treats one hour as reasonable notice to fund a margin call, and reserves the right to demand it faster.

Why this matters

A position that met the rules this morning can fail them this afternoon. If you miss the hour, clause 15.4 says QuickTrade.World closes your trades and you carry any negative balance.

Exhibit 11WarningHarder than usual

“Margin Requirement” means a percentage of the cash value of an underlying reference asset, as determined by QuickTrade.World in our sole discretion from time to time (including during the life of a Trade
Clause 1.1.23 in CONTRACTS FOR DIFFERENCE CLIENT GENERAL TERMS & CONDITIONS, p.6
Read from the broker's site on Open the reference

A South African client arbitrates in Botswana, in private

Clause 47.1 puts QuickTrade's contract under Botswana law and clause 32.3 sends disputes to arbitration in Botswana, held in confidence under clause 32.3.4. The South African complaint policy points clients to the FAIS Ombud at no cost, but that route reaches the intermediary's conduct rather than the Botswana counterparty. The dispute policy reserves arbitrator referral for matters above $10 million.

Where you would sue1 clause flagged

Clause 47.1 puts the contract under Botswana law. Clause 32.3 sends any unresolved dispute to arbitration in Botswana, and clause 32.3.4 keeps that arbitration and its outcome confidential.

Why this matters

You would have to pursue a claim in another country, under law you did not choose. The dispute policy also reserves arbitrator referral for disputes worth more than $10 million, which no retail account reaches.

Exhibit 10WarningStandard wording$10000000

This Agreement will in all respects be governed by and construed under the laws of the Republic of Botswana.
Clause 47.1 in CONTRACTS FOR DIFFERENCE CLIENT GENERAL TERMS & CONDITIONS, p.40
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), FSCA (South Africa)

Firms licensed by the FCA and the FSCA must give retail clients access to an independent complaints scheme that costs the client nothing. The South African complaint policy names the FAIS Ombud, but that route covers the conduct of the intermediary rather than the Botswana counterparty's trading decisions.

QuickTrade is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

You verify who you are at the exit, not the entrance

QuickTrade.World advertises trading with no identity check, and clause 43.1 places that check at the moment you request a withdrawal. Failing to satisfy it is a listed ground for refusing payment under clause 23.4.1. Clause 40.7 separately gives the introducing broker who referred you your full transaction history and the value of your open positions.

Verification timing1 clause flagged

Clause 40.7 gives the introducing broker who referred you full access to your name, your complete transaction history, all current balances and the value of your open positions. The conflict of interest policy says these brokers are not FAIS regulated.

Why this matters

A commercial partner paid on your trading volume can watch every position you hold. Clause 40.10 separately lets QuickTrade.World pass your trading history to other CFD companies as a credit reference.

Exhibit 14WarningRarely seen

your complete transaction history and all current balances on your Account;
Clause 40.7.3 in CONTRACTS FOR DIFFERENCE CLIENT GENERAL TERMS & CONDITIONS, p.36
Read from the broker's site on Open the reference

Our readingSharing a client's name and account status with a referring partner is common. Giving that partner live sight of open position values and full transaction history, and allowing trading history to go to competing CFD firms, goes well past that.

QuickTrade.World is the party on the other side of your position

QuickTrade's conflict of interest policy confirms at clause 3.1.2 that QuickTrade Botswana trades CFDs with clients on a principal to principal basis. Its homepage tells you other brokers profit when you lose. The policy is unusually open about the group's relationships, and the marketing that brings clients in says the opposite of what it discloses.

Both sides of the trade1 clause flagged

QuickTrade.World's homepage says other brokers profit when you lose. Its own conflict of interest policy says QuickTrade Botswana trades CFDs with you on a principal to principal basis, which means it is the party on the other side.

Why this matters

When you lose on a trade, that money goes to the company you traded with. The policy discloses this clearly, but the marketing that brings you in says the opposite.

Exhibit 13WarningStandard wording

QuickTrade SA will refer you to our sister company, QuickTrade Botswana. QuickTrade Botswana will offer to trade over - the - counter CFDs with you on a principal - to - principal and cross - border basis.
Clause 3.1.2 in CONFLICT OF INTEREST POLICY, p.2
Read from the broker's site on Open the reference
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The contract names a dormant account fee the schedule does not

QuickTrade's contract defines the Summary Fee Schedule as covering withdrawal fees, account fees and dormant account fees. The published schedule runs to one page and lists only commissions and overnight funding. Clause 16.3 lets QuickTrade.World introduce the rest by publishing a new schedule on its website.

Fees not yet listed1 clause flagged

The contract defines the Summary Fee Schedule as covering withdrawal fees, account fees and dormant account fees. The published schedule is one page and lists none of them, only commissions and overnight funding.

Why this matters

Clause 16.3 lets QuickTrade.World change what you pay by publishing a new schedule. Fees the contract already names could appear there without any change to the contract you agreed to.

Exhibit 15NoticeHarder than usual

including without limitation, service fees, terminal fees, data fees, withdrawal fees, account fees, administration fees, dormant account fees or any other fees and charges payable by you to QuickTrade.World
Clause 1.1.42 in CONTRACTS FOR DIFFERENCE CLIENT GENERAL TERMS & CONDITIONS, p.8
Read from the broker's site on Open the reference

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The funding page promises segregation while the contract says applied margin becomes the firm's own assets and loses statutory protection.

Said in public, in English

Client funds are held in segregated accounts, separate from company operating funds.

Deposits and Withdrawals page, Important to know section

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of quicktrade.co.za

In the contract · clause 25.6

Therefore once the Margin payments are made, such payments become the assets of QuickTrade.World. Such Margin payments will not be subject to the protections conferred by any applicable legislation .

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of vjfnyzdclzeqwvetqkru.supabase.co

02

The homepage sells deferred verification as a convenience, and the contract makes that same check a condition of getting your money out.

Said in public, in English

No KYC until withdrawal

QuickTrade.World homepage, platform feature list

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In the contract · clause 43.1

will be requested from you at the time you submit your Registration Form, when you request a withdrawal of proceeds in terms of clause 23, or at any time during the course of our business relationship.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of vjfnyzdclzeqwvetqkru.supabase.co

03

The bonus terms tell you negative balance protection exists and the client agreement makes you liable for the negative balance.

Said in public, in English

Should the balance of your equity reach 0, all open positions will be closed, and the account will be reset to zero in accordance with our Negative Balance Protection.

Deposit Bonus Terms and Conditions, clause 13

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In the contract · clause 15.4

You will be liable to us to pay any negative balance on your Account.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of vjfnyzdclzeqwvetqkru.supabase.co

04

The page promises no hidden fees while the contract passes every bank charge on a withdrawal to you and the commission schedule sits on another website.

Said in public, in English

Fund your USD trading account from South Africa using the methods most South African traders prefer. No hidden fees, clear timelines, and a local team to help if anything stalls.

Deposits and Withdrawals page, opening paragraph

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In the contract · clause 23.3

All bank charges, however they may arise, will be for your account.

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05

The licence on every page belongs to the referring company, not to the Botswana firm that takes your deposit and your trade.

Said in public, in English

QuickTrade (Pty) Ltd is an authorised Financial Services Provider regulated by the FSCA, FSP No. 45262.

South African legal page, regulatory and legal information

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In the contract · clause 2.4

As such, QuickTrade SA acts as an intermediary for QuickTrade Botswana. Therefore, the clients' principal relationship is with QuickTrade Botswana.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of wxuwzyewjztuuzkjullb.supabase.co

06

The homepage criticises brokers that profit when clients lose, and the conflict policy confirms QuickTrade.World takes the other side of your trade itself.

Said in public, in English

Some brokers profit when you lose. That misalignment means the better you get, the worse your experience becomes.

QuickTrade.World homepage, section on what happens if nothing changes

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In the contract · clause 3.1.2

QuickTrade Botswana will offer to trade over - the - counter CFDs with you on a principal - to - principal and cross - border basis.

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07

The South African page says volume requirements apply, and the actual bonus terms set no volume test but forfeit the bonus on any withdrawal.

Said in public, in English

Bonus is tradable but not directly withdrawable; volume requirements apply.

Deposit Bonuses page, terms summary

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In the contract · clause 14

Any time a withdrawal or transfer is made from your bonus account within the allocated time period , you will forfeit your bonus .

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The documents this reading is based on

26 files, all published by QuickTrade. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording QuickTrade publishes.

How this reading was done

Every clause above was read out of a document QuickTrade publishes itself

This reading was published on .

Documents
12 of 26downloaded from the broker's site, and 12 read in full
Pages opened
44pages walked to find those documents, footer links included
Marketing pages
4public pages set against what the contract says

Who the contract is with

QuickTrade.World (Pty) Ltd

Your trading contract is with QuickTrade.World (Pty) Ltd, registered in Botswana under number BW00000404456. QuickTrade (Pty) Ltd is the South African company holding FSCA licence FSP 45262. Its own conflict of interest policy says it acts only as an intermediary, and that your principal relationship is with the Botswana company. No licence number is given anywhere in these documents for the Botswana entity.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

QuickTrade states plainly on its funding page that QuickTrade (Pty) Ltd does not hold client money, and it names the Botswana counterparty there. The conflict of interest policy goes further than most brokers: it names the sister company, the training college and the unregulated introducing brokers, and explains how each is paid. The dispute resolution policy publishes its own complaint trend analysis, including 18 data feed incidents over two years. The client agreement also prints its risk clauses in bold and warns which ones limit your rights.

We read the client agreement, the fee schedule and the deposit bonus terms in full. We also read both complaint policies, the conflict of interest policy, the website terms, the risk disclosure, the intermediary disclosure, the FAIS disclosure and both disclaimers. We did not read the privacy policies, the cookie policy, the PAIA and FICA forms, the FSCA licence certificate, the introducing broker agreement or the two prop trading documents. No earlier copies of any document were available, so nothing here is a statement about what changed. QuickTrade's South African legal page does not list the contract, the fee schedule or the bonus terms at all. We found those three on the QuickTrade.World legal page, and every quotation credited to them comes from there.

How to check any of this yourself

Every quote above links to the QuickTrade file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document QuickTrade publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge QuickTrade on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Aug 29, 2026.

If you represent QuickTrade and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on QuickTrade. Whether its licence is real and current is a separate check on the broker profile.

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