Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighGenuine, active FSCA Category I licence verified on the register, but it is advice and intermediary only and the entity holding client funds is an unlicensed Botswana counterparty.
Identity & transparency
5/10 · ModerateSA entity, registration number and address all verify and match the register, but ownership and directors are undisclosed and the Botswana counterparty is opaque.
Withdrawals & conduct
5/10 · ModerateMultiple SA users report fast, working withdrawals; a minority report delays; no systematic denial or fund-freeze pattern found.
Reputation
5/10 · ModerateMixed picture: positive local reviews against low trust-score aggregators and scam-flag pages, with no regulator warning as of August 2026.
Website claims
6/10 · HighMarkets itself as an 'FSCA-regulated Forex Broker' while the real counterparty is an unregulated Botswana firm and the licence is advice-only; the structure is disclosed but downplayed.
Operational history
3/10 · LowGenuine South African company operating since 2014; longevity is a mitigating factor, though the offshore quicktrade.world structure dates from 2021.
Who they are
A quick desk file on the company behind the brand.
- Brand: QuickTrade
- Legal entity (licence holder): QuickTrade (Pty) Ltd, South Africa, company reg 2014/062267/07
- Entity that holds client money: QuickTrade.World, incorporated in Botswana, Reg BW00000404456, named on the site as principal and counterparty
- Registered (SA): 1st Floor, Mushroom Farm Retail Park, Corner of Allandale and President Drive, Kyalami Gardens, Midrand, 1685, South Africa
- Registered (Botswana): Ground Floor, North Wing, Central Square Building, Plot 54354, New CBD, Gaborone, Botswana
- Website: quicktrade.world (regional site quicktrade.co.za)
- Only licence: FSCA FSP 45262, a Category I FAIS licence (advice and intermediary, execution only)
- Offers: Forex and CFDs on Match-Trader, indices, commodities, US stocks, crypto pairs, copy trading, prop and competition accounts
- Not accepted: United States and a list of sanctioned countries (Iran, North Korea, Syria and others)
- Age claim: 'Since 2014'. The SA entity is genuinely from 2014; the quicktrade.world domain was registered in 2021.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
FSCA (Financial Sector Conduct Authority, South Africa)
Why we reached this verdict
How the evidence adds up.
We rate this broker high risk because a real but limited licence is being used to make an unregulated offshore operation look supervised.
- We searched the FSCA FAIS register for FSP 45262 on 5 August 2026. It returned QuickTrade (Pty) Ltd, status Authorised, authorised 10 June 2014, company registration 2014/062267/07. The licence is genuine.
- The register shows it is a Category I licence for advice and intermediary services only, across shares, derivative instruments, warrants and deposits. It is not an authorisation to act as principal or to run an OTC derivatives book. In South Africa that role needs a separate ODP licence, which this firm does not hold.
- The broker's own pages say client accounts are opened with QuickTrade.World in Botswana, which is 'the principal and counterparty to all client trades', and that the South African entity 'does not hold client funds'. So your deposit sits with the offshore firm, not the FSCA-licensed one.
- We could not find a financial licence for the Botswana entity. Independent databases also flag the advertised derivatives-trading regulatory status as unverified.
- The good news that keeps this out of the scam category: the SA address matches the register, the 2014 company is real, no regulator warning names the broker, and South African clients report withdrawals being paid within hours.
Evidence ledger
Every finding, with its source and how strongly it points.
E1FSCA FAIS register returns FSP 45262 as QUICKTRADE (PTY) LTD, status Authorised, company registration 2014/062267/07, authorised 10 June 2014. The licence is genuine and in force.
Hard proofFSCA FAIS registerE2The same register record shows the licence is Category I for advice and intermediary services only (shares, derivative instruments, warrants, deposits). It does not authorise acting as principal or running an OTC derivatives book.
StrongFSCA FAIS registerE3The broker's own site states client accounts are opened with QuickTrade.World in Botswana (Reg BW00000404456), which is the principal and counterparty to all trades, and that the SA entity does not hold client funds. The fund-holding entity is offshore and unlicensed.
StrongQuickTrade.WorldE4The South African address on the site (Mushroom Farm Retail Park, Kyalami Gardens, Midrand) matches the physical address on the FSCA register, so the SA place of business is genuine.
ModerateFSCA FAIS registerE5The quicktrade.world domain was registered on 20 January 2021 (registrar Marcaria, Cloudflare nameservers), while the brand advertises 'since 2014'. The 2014 history belongs to the South African company, not the domain.
ModerateIdentity Digital RDAPE6A broker-alert review reports that independent databases list the advertised FSCA derivatives-trading licence status as unverified and that the deposit-taking structure gives little client protection.
ModerateClearRank broker alertE7A South African review site reports QuickTrade as FSCA-licensed since 2014 with deposits via EFT and Ozow and withdrawals typically paid within hours, indicating no systematic withdrawal-denial pattern.
ModerateSAshares reviewE8No FSCA public warning or IOSCO investor alert naming quicktrade.world or QuickTrade (Pty) Ltd was found as of 5 August 2026. Absence of a warning is not clearance but is recorded.
The other side
The strongest case in this broker’s favour.
There is a fair case that QuickTrade is a legitimate, if aggressively structured, business rather than a fraud.
- The FSCA licence is real, active and correctly attributed to QuickTrade (Pty) Ltd. We verified it ourselves, so the third-party 'unverified' flags overstate the problem on that specific number.
- The registered South African office address matches the FSCA record, which contradicts claims that the address is false.
- The company has a genuine 2014 track record in South Africa and a visible local team and phone number.
- The site openly discloses the Botswana counterparty structure rather than hiding it, and reviews from South African users describe deposits via EFT and Ozow and fast, working withdrawals.
- Splitting a local introducing broker from an offshore execution entity is a known, lawful arbitrage pattern used by many brokers, not proof of theft.
What would change this
What we would need to see to revise the verdict.
Our rating would move in either direction on concrete facts.
- Toward safe: the Botswana entity, or QuickTrade itself, obtaining an FSCA ODP (OTC Derivative Provider) authorisation, or an equivalent licence, that actually covers holding client funds and being the counterparty.
- Toward safe: clear, prominent disclosure that the FSCA Category I licence does not protect deposits held offshore, plus segregated-funds evidence.
- Toward scam: a regulator warning or investor alert that names quicktrade.world or QuickTrade (Pty) Ltd.
- Toward scam: three or more independent, detailed reports of withdrawals being refused, frozen after profit, or blocked behind new fees.
- Toward scam: evidence the FSP number is being displayed after any suspension or withdrawal.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
FSCA FAIS register (verify FSP 45262)
Search FSP number 45262 to confirm QuickTrade (Pty) Ltd is an authorised Category I FSP.
QuickTrade.World official site
The Botswana entity named as principal and counterparty.
QuickTrade South Africa / structure page
The broker's own explanation of the SA introducing broker and Botswana counterparty split.
Frequently asked questions
Quick answers about this broker’s safety.
Is QuickTrade a scam?
We did not find proof of a scam. QuickTrade holds a genuine FSCA licence and South African users report being paid. It is, however, high risk because the money you deposit is held by an unlicensed Botswana company, not the FSCA-licensed one.
Is QuickTrade regulated by the FSCA?
Only in part. QuickTrade (Pty) Ltd holds FSCA licence FSP 45262, which we confirmed on the FSCA register. But it is a Category I advice and intermediary licence and does not authorise the firm to be the counterparty that holds your trades.
Who actually holds my money?
The broker's own site says accounts are opened with QuickTrade.World, a company registered in Botswana (Reg BW00000404456), which is the principal and counterparty. The South African entity states it does not hold client funds.
Does the FSCA licence protect my deposit?
Not clearly. The licence covers advising and introducing in South Africa. It is not a licence to hold client money as a derivatives counterparty, and the entity that holds your funds is offshore in Botswana.
Can I withdraw my money from QuickTrade?
Several South African reviews report EFT and Ozow deposits and withdrawals paid within hours. There are also scattered complaints about withdrawal delays. Keep records and withdraw early to test the process.
Is QuickTrade a clone of another broker?
No. QuickTrade is its own brand, and the FSCA licence genuinely belongs to QuickTrade (Pty) Ltd. We found no evidence it is impersonating another regulated firm.
How old is QuickTrade?
The South African company was authorised by the FSCA in 2014, so the 2014 claim is accurate for that entity. The quicktrade.world website domain itself was registered in 2021.
What is FSP 45262 worth?
It is a real, low-to-mid tier South African licence, but only for advice and intermediary services. It is not a trading or dealing licence, so it says little about the safety of funds held by the Botswana counterparty.
Is my address and account information safe with an offshore counterparty?
Funds and contractual protection sit under Botswana law, not South African conduct rules. That generally means weaker consumer recourse if something goes wrong, which is the core risk here.
What should I check before depositing?
Search FSP 45262 on the FSCA register yourself, read that it is a Category I advice licence, note that QuickTrade.World in Botswana is the counterparty, keep deposits small, and save every receipt and message.
What do I do if I think I was scammed by QuickTrade?
Stop depositing, gather your records, and complain in writing. Escalate to the FSCA in South Africa for the introducing broker and to Botswana's financial regulator for the counterparty. Do not pay any upfront fee to 'recovery' services.
What we recommend
The practical takeaway from everything above.
Treat QuickTrade as high risk and understand exactly who holds your money before depositing.
- Know that your funds go to QuickTrade.World in Botswana, not to the FSCA-licensed South African company.
- Verify the licence yourself: search FSP number 45262 on the FSCA FAIS register and read that it is a Category I advice and intermediary licence, not a trading or dealing licence.
- Do not read 'FSCA-regulated' as protection for your deposit. The South African compensation and conduct framework does not clearly reach the Botswana counterparty.
- Keep deposits small, withdraw profits early, and save all transaction records and chat logs.
- If a withdrawal is delayed or refused, complain in writing, then escalate to the FSCA and, for the counterparty, to Botswana's regulator.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 5, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.