Quick Trade Capital is a proprietary trading firm for trading forex, metals, indices and many other instruments. At our prop firm, traders take the challenge which is designed to assess trading and risk management skills of traders.
Traders who pass the challenge receives a prop trading account with a simulated capital to trade on behalf of the firm. Profitable traders enjoy a profit share ranging from 80% to 90%, reflecting our commitment to rewarding success and fostering a mutually beneficial relationship with our traders.
We are registered and located in Dubai. Our Company Registration number DSO-FZCO-36779 and trade license number 38885 as approved by Dubai Integrated Economic Zones Authority.
Backed by a Legitimate Broking Firm
Quick Trade Capital stands out as a prop trading firm backed by the reputable broking firm, Quick Trade, which boasts a decade of experience in offering forex broking services. This affiliation not only lends credibility but also ensures a robust foundation for traders, emphasizing reliability and trustworthiness in the competitive trading landscape.
Registered in Dubai: Ensuring Regulatory Compliance
Operating under the regulatory framework of Dubai, Quick Trade Capital adheres to stringent financial regulations, underscoring its commitment to transparency and integrity. Dubai's rigorous regulatory environment for financial entities underscores the firm's dedication to maintaining high standards, providing traders with a secure and regulated trading environment.
Integrated Platform for Swift and Efficient Trading
At Quick Trade Capital, traders benefit from an integrated platform designed to facilitate swift and efficient trade execution. The platform's seamless functionality empowers traders to capitalize on market opportunities promptly, enhancing their trading experience and maximizing potential returns.
By prioritizing transparency, regulatory compliance, and technological innovation, Quick Trade Capital offers traders a compelling proposition, ensuring a supportive environment for traders to thrive and succeed in their trading endeavours.
We understand that even the best in business with proven skills and risk management strategy may falter at times and go through a period of loss which can lead to prohibited practices like FOMO, and revenge trading. Even a period of sustained financial gains can lead to bad trading behaviour like overtrading. Studies suggest that trading psychology is more than 70 percent of the factors that determine success. To assist our traders, we have a dedicated team of performance coaches who will guide you through the ups and downs of your trading journey.
To access Quick Trader mentorship program, you need to connect with our trader support team and express your willingness for the program. Our team will guide you through the process and help you get the appointment at the earliest possible.
Anyone aged 18 and above can join Quick Trade Capital to become a funded trader from various parts of the world, provided they possess the necessary trading skills. However, it's important to note that individuals from countries such as Iran, Syria, and Afghanistan are not permitted to participate due to financial restrictions imposed by the UNO on these countries.
Additionally, traders from the USA cannot currently be accommodated due to regulatory issues within the country. Quick Trade Capital hopes for a resolution of these regulatory concerns in the near future, which would allow us to welcome traders from the USA.
Yes, Quick Trade capital has an affiliate program. Please refer to our affiliate program page in our website for details.
We make every applicant go through identity verification to ensure safe and secured transactions in compliance with the regulatory authorities. We allow only verified traders to access our services and trade with us.
To clear the verification, you need to submit scanned copy of your original documents including photo id and address proof. Click on ‘verify your identity’ button and fill in all the details along with attached scanned copy of your documents and then click the ‘apply’ button. It takes two to three days for us to verify your documents and revert back to you. You will get a notification mail once your verification process is complete.
Currently QTC Does not allow traders from USA to be onboarded for Funded Program
As of now, we allow you trade in Forex, Commodities, and Indices. We have plans to provide trading facilities on other instruments as well in near future.
No, Quick Trade Capital is not a one-step-challenge prop firm. The one-step challenge alone does not comprehensively establish traders' risk management. To ensure that traders comply with the practice of risk management in their trade, Quick Trade Capital utilizes both the two-step challenge and the three-step challenge. Traders can choose any of them to undergo evaluation at Quick Trade Capital.
Yes, Quick Trade capital rolls out various promotional schemes in the form of discount coupons, codes, and also organize traders contest to identify, recognize, and award top traders in the market. Please refer to our social media pages and websites for updates on offers and promotions.
Quick Trade capital strives to become a prop firm that allows traders to exercise their skills and maximize their earning potential. The firm also expects traders to incorporate essential elements of risk management into trading for their own sake as well as to guard the firm’s capital with which they will trade. Remember that although traders will trade on simulated account with virtual funds, the firm’s business model copies the trade and send them to the real market with the expectation of making profit. Keeping this in mind, the firm has laid down some rules and regulations for every trader to follow of which some of the most important are as follows.
Yes, we allow traders to possess multiple accounts but with certain limitations. A trader can have multiple accounts with different plans but we do not allow traders to trade with the same strategy in all the plans. Our risk monitoring tools monitor trading patterns diligently across traders’ accounts and flags any similar trading patterns or strategy. Traders who violate this rule shall not be eligible for further business with Quick Trade capital.
Yes, we allow traders to merge their accounts but the total simulated fund amount of the two should not exceed our maximum funding limit of $1 million.
Our traders will trade with Platform 5 on both challenge and live trader account.
Quick Trade puts up learning materials in the form of blogs, V logs, and e-books on its website meant for educational and informational purpose. The learning materials are meant to assist traders to enhance their trading skills. These materials shall in no way be considered investment advice for traders to carry out trades in certain direction or path. The firm takes no responsibility for any loss incurred by traders upon use of the learning materials to carry out trade.
Yes, we have maximum inactive days policy in place. If a trader’s inactivity reaches 21 consecutive days, the platform automatically terminates the account and the trader loses his account completely.
A "simulated funded account" at Quick Trade Capital refers to a trading account provided to traders after successfully clearing the evaluation process. This account is funded with virtual or simulated money based on the plan chosen by the trader. Traders use this account to trade in simulated market conditions that closely resemble real-world trading scenarios. It is important for traders to approach this simulation as if they are trading with real money, as they will earn profits that are payable in real currency if their simulated trade makes profit in the real world scenario.
Yes, traders typically enter into several agreements when engaging with a proprietary trading firm like Quick Trade Capital. These agreements serve to outline the terms and conditions of the relationship between the trader and the firm. Here's a breakdown of the common agreements:
1. Client Agreement: This is a formal contract between the trader and Quick Trade Capital. It outlines the rights and responsibilities of both parties, including the terms of trading, risk management policies, fee structures, and any other pertinent details related to the trader's participation in the firm's activities.
2. Privacy Policy: This document explains how Quick Trade Capital collects, uses, and protects the trader's personal information. It typically covers data security measures, information sharing practices, and the trader's rights regarding their personal data.
3. Refund Policy: In the event of disputes, losses, or other circumstances where a trader seeks reimbursement, the refund policy outlines the conditions under which refunds are issued, the process for requesting a refund, and any limitations or exceptions that may apply.
By adhering to these agreements, both the trader and Quick Trade Capital can establish clear expectations and maintain a transparent and mutually beneficial relationship.
At Quick Trade Capital, our maximum total drawdown is equity-based, meaning that both the open and closed positions of the trader are accounted for while calculating the drawdown.
The very purpose of the maximum total drawdown is to ensure that the equity or account balance of the trader does not reach below to a certain specified level. The equity-based maximum total drawdown is advantageous for traders if they are able to make a profit and increase their account or equity balance while for losing traders, it is disadvantageous.
Let’s suppose a trader starts with an initial account balance of $10,000 and the maximum equity-based total drawdown is 10% of the starting account. This means that the trader shall lose the account if the account or equity balance reaches $9,000 at any stage of the trading activity.
10% of $10,000 equals $1000
$10,000 - $1000 equals $9000
Remember, that at the end of each trading day at UTC 5;30 A.M, your end-of-day account or equity balance (whichever is higher) is locked for the day and the balance is carried over to the next trading day The dashboard then updates the drawdown figure accordingly as per the new account or equity balance and this is the amount you cannot afford to lose at any point of the trading day.
For a clear understanding of the ‘maximum total drawdown’ and how it can be advantageous for profitable traders and disadvantageous for losing traders, we shall look at examples from two different scenarios below.
First Scenario
1st day of trading
Starting balance: $1,0000
Let us consider that the trader is able to make a profit of $500, taking the account or equity balance total to $10,500 before the system reset.
2nd day of trading
Starting balance: $10,500
As per the equity-based maximum drawdown rule, the trader now has a large window because of the profit made on the previous trading day that took the account balance to $10,500. Now, for the account or equity balance to breach $9,000, the trader will have to lose $1,500 instead of $1,000 considering that the daily drawdown limit is not breached in the process.
From the above example, it is clear that equity-based maximum total drawdown is advantageous for profitable traders.
2nd scenario
1st day of trading
Starting balance: $10,000
Let us consider that the trader made a loss of $400, on the first trading day, and the account or equity balance drops to $9,600 before the system reset.
2nd day of trading
Starting balance: $9,600
As per the equity-based drawdown rule, the trader now has a smaller window because of the loss from the first day of trading. Now, for the trader’s account or equity balance to breach the $9,000 limit, a loss of only $600 is required instead of the initial $1,000.
Let us consider that the trader lost another $300 on the second trading day, and the account or equity balance dropped to $9,300 before the system reset.
3rd day of trading
Starting balance: $9,300
The trader at the beginning of the third day cannot afford to lose $300 or more because of the losses he has accumulated over a period of two days. The trader shall lose his account if he loses another $300
$(9300-300) = $9000 (the specified breach limit as per the 10% maximum total equity-based maximum drawdown rule).
At Quick Trade Capital, our daily drawdown is equity-based, meaning that both the open and closed positions of the trader are accounted for while calculating the drawdown. During an intra-day period, the drawdown breach amount shall be deducted from either the trader’s equity balance or the initial account balance whichever is higher.
Remember, that at the end of each trading day at UTC 5;30 A.M, your end-of-day account or equity balance (whichever is higher) is locked for the day and the balance is carried over to the next trading day. The dashboard then updates the drawdown figure accordingly as per the new account or equity balance and this is the amount you cannot afford to lose at any point of time during the day.
Following is the drawdown explanation with examples from four days of trading.
Let’s suppose a trader starts with an initial account balance of $10,000 and the daily drawdown is fixed at 5% of the initial or starting balance.
1st day of trading
First-day starting balance: $10,000
The trader’s daily drawdown will be 5% of $10,000 i.e. $500 which means that if he loses $500 at any point of time on the first day, he shall lose his account.
Now, let’s suppose that the trader makes a profit of $500 on the first day before the system resets, taking the equity or account balance to $10,500.
2nd day of trading
Second-day starting balance: $10,500
Drawdown amount shall remain the same, which is 5% of the initial account balance i.e. $500, but for drawdown calculation, this $500 shall be deducted from $10,500.
Thus, the trader shall lose his account if he makes a loss of $500 and his equity or account balance drops to $10,000 at any point of time on the second day of trading.
$(10,500-500) = $10,000
Let’s consider that the trader made a loss of $200, and his account balance dropped to $10,300 before the system reset.
3rd day of trading
Starting balance for the third day: 10,300
Drawdown figure for the 3rd trading day
$(10,300-500) = $9800
The trader shall lose the account if the equity or account balance drops to $9,800 at any point of time on the third day of trading.
Let’s consider that the trader did not undertake any trading activities on the 3rd day and the account balance remains the same. Since there is no trade, with no profit or loss, the starting balance and the drawdown criteria shall remain the same for the next day of trading.
4th day of trading
Starting balance for the fourth day = $10,300
Drawdown figure for the 4th trading day
$(10,300-500) = $9800
The trader shall lose the account if the equity or account balance drops to $9,800 at any point of time on the fourth day of trading.
Moving forward, let’s consider that the trader made a loss of $200 on the fourth day, and his account balance dropped to $10,100 before the system reset.
5th day of trading
Starting balance for the fifth day = $10,100
Drawdown figure for the 5th trading day
$(10,100-500) = $ 9,600
The trader shall lose his account if he makes a loss of $500 and his equity or account balance drops to $9,600 at any point of time on the fifth day of trading.
The starting simulated fund amount for a trader at Quick Trade Capital is determined by the plan chosen for the challenge. For instance, if you select the $10,000 plan, you will receive $10,000 as your starting simulated fund amount upon successfully clearing the challenge.
No, Quick Trade Capital does not provide instant funding to traders. We undertake evaluations to ensure that only traders who have proven their trading skills can trade with us. Through our evaluation process, we assess traders' abilities and risk management strategies before providing funding.
Personal interview at Quick Trade Capital is not mandatory for trader recruitment. However, we may conduct personal interview of traders on recommendation of our risk management team. In general, the company conducts personal interview under the following exceptional circumstances
i. In case of discrepancies related to documentation and verification of the candidate in question.
ii. To seek further clarification on trader’s strategy and risk management aspect especially when the strategy of the trader is inconsistent across two phases of evaluation.
iii. To induct highly skilled traders into Quick Trade Capital elite list of traders with added benefits and premium support.
iv. To provide valuable suggestions before finalizing the recruitment of traders as live trader.
v. To caution traders about potential disqualification or termination if the trader data shows neglect and disregard of risk management practices, such as failing to use stop-loss orders, adopting overly aggressive position sizing, or leveraging excessively.
Please note that the firm retains discretionary authority to conduct personal interviews with any candidate, and it is solely the company's decision whom to interview. The timing of the interview will be disclosed to the candidate; however, the company may choose not to disclose the reason for the interview.
The reset time for daily drawdown at Quick Trade Capital is UTC 5:30 A.M. Traders should keep in mind, that at the end of each trading day at UTC 5:30 A.M, your end-of-day account or equity balance (whichever is higher) is locked for the day and the balance is carried over to the next trading day. The dashboard then updates the drawdown figure accordingly as per the new account or equity balance and this is the amount you cannot afford to lose at any point of time during your trading day. The trading session at Quick Trade starts at UTC 5:30 A.M irrespective of whichever time zone you belong to and remains the same for every trader across the world. If the trader hits the drawdown limit as updated by the system any time before UTC 5:30 A.M for a particular trading day, the trader shall lose his account. The trader can view his drawdown limit for every trading day on his dashboard.
At our prop firm, your trading cycle starts when you place your first order after receiving your live trader account
Yes, we impose lot size restrictions on traders to ensure that traders incorporate risk management into their trade. Following are the lot size restrictions that traders have to follow.
2% Risk per Trade: Traders are limited to risking no more than 2% of their trading account size on any single trade. This means that if a trader's account size is $10,000, they can risk a maximum of $200 (2% of $10,000) on a single trade.
5% Overall Risk: Additionally, traders cannot exceed an overall risk limit of 5% of their trading account size across all their trades. This means that if a trader's account size is $10,000, they cannot risk more than $500 (5% of $10,000) in total across all their open trades.
Rules for Scaling up
Frequency - Every 3 Months
Overall Profitability Required: 10% in Three Months
Withdraw: At least 3 Withdrawals in three months
Scale up Percentage: 25%
Please Note: Scaling up accounts is not automatic; traders need to submit the request manually to scale up their account.
Quick Trade capital offers a Forex leverage of 1:100
Quick Trade capital offers a leverage of 1:20 for commodities trading.
Quick trade capital offers a leverage of 1:20 for indices trading.
Online trading’s primary advantages are that it allows you to manage your trades at your convenience.
After clearing the evaluation, you will become a live funded trader with Quick Trade Capital and the company shall allot you simulated funded account as per your chosen plan to trade in simulated market conditions. This simulated trading shall resemble the real-world trade and it is in the best interest of traders to consider themselves trading in real world scenario with real money at stake because they will be earning profit in real money.
Traders will be paid 80-90% of the profit they will make on their virtual trading account in real money.
Traders who are able to make consistent profit in their account shall be felicitated by the company as accomplished traders. Trades of accomplished traders will be copied and sent to the margin account of the company which shall entitle him to additional benefits in addition to the profit they will receive.
We do not hold the authority to deduct any taxes applicable in your country. All we do is transfer your 80 to 90 percent of the profit you make to your account in line with the contract agreement. Taxation is an internal matter of a sovereign state and you need to deal with taxes as per taxation laws of your nation state.
Traders at Quick Trade Capital receive their payouts weekly. This regular payout schedule ensures timely compensation for their trading activities within the platform
It takes three business days for us to process and complete your payouts.
For payment of services and payouts, traders at Quick Trade can chose from multiple payment methods including Crypto, Paypal, Wise transfer, and bank transfer.
Quick Trade Capital does not charge commission fee from traders.
At our prop firm, we allow traders to keep 80-90 % of the profit earned by them in simulated accounts. As profitable traders, you take profit anything in the ratio between 80:20 to 90:10.