Quantum-gains.com Reviews

Based on looking at the website, Quantum-gains.com appears to be an online trading platform offering access to various financial markets, including Forex, stocks, indices, commodities, and cryptocurrencies. However, as a Muslim professional, it’s crucial to immediately address a fundamental issue: the core services offered by Quantum-gains.com, particularly trading in Forex and CFDs Contracts for Difference, inherently involve elements of Riba interest and Gharar excessive uncertainty or speculation. These are explicitly prohibited in Islam, rendering such platforms and activities impermissible. Engaging in leveraged trading, as highlighted in their risk warning, carries significant risk and can lead to substantial losses, potentially wiping out entire invested capital—a characteristic closely aligned with gambling, which is also forbidden.

Therefore, while Quantum-gains.com promotes itself as a platform for “gains” and “investing with purpose,” the methods employed are not aligned with Islamic financial principles.

The pursuit of wealth through means that involve Riba and Gharar is ultimately detrimental and carries no blessings.

It’s always a bad outcome because it undermines trust, promotes greed, and deviates from the divine guidance that ensures true prosperity and peace of mind.

Instead of seeking “quantum gains” through speculative and interest-laden trading, Muslims should always pursue wealth through ethical, Sharia-compliant means that involve real assets, productive economic activity, and a clear understanding of risk, far removed from the ambiguity of CFDs and leveraged trading.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Quantum-gains.com Review & First Look

Upon initial examination, Quantum-gains.com presents itself as a modern and user-friendly online trading platform.

The design is sleek, and the navigation seems straightforward, aiming to attract both novice and experienced traders.

They prominently display their offerings of over 500 markets, including Forex, stocks, indices, commodities, and cryptocurrencies.

This broad range is intended to appeal to a wide audience seeking diverse trading opportunities.

What Quantum-gains.com Claims to Offer

The website claims to provide a “seamless trading experience, expert insights, and around-the-clock support.” They highlight features such as low commissions, tight spreads, and lightning-fast execution. Naintrading.jp Reviews

The promise of “no minimum deposit” is also a significant draw for those hesitant to commit large sums initially.

• Market Access: Forex, Stocks, Indices, Commodities, Cryptocurrencies
• Support: 24/7 assistance and personalized account management.
• Execution: Lightning-fast, aiming for no delays.
• Deposit: No minimum deposit required.

Initial Impressions from a Sharia Perspective

Despite the appealing presentation, the underlying mechanisms of trading, particularly CFDs and leveraged Forex, raise immediate red flags from an Islamic finance standpoint.

The concept of “borrowing” funds to amplify trades leverage inherently involves Riba.

Furthermore, the speculative nature of CFDs, where one does not own the underlying asset but merely speculates on price movements, introduces a significant degree of Gharar.

This uncertainty is problematic, as it involves excessive risk where the outcome is largely unpredictable, akin to gambling. Hasberts.com Reviews

Their own risk warning clearly states, “Most retail accounts experience losses when trading CFDs,” indicating the high speculative nature.

Quantum-gains.com Cons Why It’s Not Permissible

While Quantum-gains.com promotes itself with seemingly attractive features, the fundamental nature of its services — particularly leveraged trading in Forex and CFDs — makes it impermissible from an Islamic perspective.

The “cons” here are not about technical glitches or poor customer service, but rather about inherent conflicts with Sharia law.

Involvement of Riba Interest

The primary concern with leveraged trading platforms like Quantum-gains.com is the involvement of Riba.

• Leverage Explained: When you trade on leverage, you are essentially borrowing funds from the broker to amplify your trading position beyond your initial capital. For example, with 1:500 leverage, for every $1 you put down, you can control $500 worth of assets. This “borrowing” typically incurs hidden or explicit interest charges, even if not immediately apparent as a daily interest rate. The act of facilitating this borrowing for profit is considered Riba.
• Swap Fees: Many Forex and CFD brokers charge “swap fees” or “rollover interest” for holding positions overnight. These are explicit interest payments, making them directly Haram. Even if Quantum-gains.com does not explicitly mention these, the structure of leveraged trading inherently involves borrowing and lending, which falls under Riba.
• “No Minimum Deposit” Deception: While seemingly benevolent, the “no minimum deposit” feature, especially when combined with high leverage, encourages individuals with limited capital to engage in highly risky, interest-based speculation, increasing their exposure to Riba and potential financial ruin.

Excessive Gharar Uncertainty & Speculation

Another major issue is Gharar, which refers to excessive uncertainty or ambiguity in a contract, making it similar to gambling. Talismania.com Reviews

• CFDs and Ownership: In CFD trading, you do not actually own the underlying asset e.g., a share of stock or a barrel of oil. Instead, you are speculating on the price difference between when you open and close the contract. This lack of ownership over a tangible asset, coupled with the high volatility and unpredictable nature of the market, creates an environment of excessive uncertainty.
• High Risk of Loss: Quantum-gains.com’s own risk warning clearly states: “Trading forex and CFDs involves significant risk due to leverage, and even small market movements can lead to substantial losses, potentially wiping out your entire invested capital. Most retail accounts experience losses when trading CFDs.” This admission underscores the speculative and high-risk nature, where the outcome is largely a gamble, not a predictable return based on real economic activity.
• Complexity and Lack of Transparency: The complexity of CFD contracts, combined with the rapid price fluctuations, often means that retail traders do not fully understand the intricate mechanics or the true extent of their exposure, adding to the Gharar.

Gambling-like Nature

The combination of Riba and Gharar in leveraged Forex and CFD trading makes it resemble gambling, which is strictly prohibited in Islam.

• Zero-Sum Game: In speculative trading, for one person to gain, another must lose. It’s often a zero-sum game, where wealth is transferred rather than created through productive means. This differs significantly from ethical investments in real businesses or assets, where wealth is generated through value creation.

Lack of Real Economic Contribution

Sharia-compliant finance emphasizes investment in real economic activities that contribute to society, create jobs, and produce tangible goods or services.

• Detached from Real Economy: Forex and CFD trading, particularly at the retail level, are largely detached from the real economy. They do not involve direct investment in companies, infrastructure, or agriculture. Instead, they are about profiting from market fluctuations, which does not generate intrinsic value.
• Focus on Price, Not Value: The focus is purely on price movements rather than the underlying value or performance of an asset or company. This speculative mindset diverts capital from productive investments that truly benefit society.

Quantum-gains.com Alternatives Sharia-Compliant Investing

Given the impermissibility of Quantum-gains.com’s core offerings from an Islamic perspective, it’s essential to explore and promote ethical, Sharia-compliant alternatives for wealth generation and investment.

These alternatives focus on real economic activity, avoid interest, excessive uncertainty, and prohibited industries, ensuring that your financial endeavors align with your faith.

Investing in Halal Stocks and Equity Funds

This is one of the most common and accessible forms of Sharia-compliant investment. Parkavenuecurls.com Reviews

• What it entails: Investing in the shares of companies that operate in permissible industries and meet specific financial screening criteria.
  • Permissible Industries: Companies should not be involved in alcohol, tobacco, gambling, conventional banking/insurance, pornography, armaments unless for defensive purposes, or pork-related products.
  • Financial Screening: Companies must typically meet criteria such as low debt-to-equity ratios, minimal interest-bearing income, and low illiquid assets.
• How to do it:
  • Sharia-Compliant Brokerage Accounts: Open an account with a brokerage that offers Sharia-compliant trading options or filters for halal stocks. Many brokers now have specific sections or research tools for this.
  • Halal Equity Funds: Invest in Islamic mutual funds or Exchange Traded Funds ETFs that are explicitly certified as Sharia-compliant by a reputable Sharia board. These funds diversify your investment across a basket of halal stocks, reducing individual stock risk.
  • Example: Consider funds like the Amana Growth Fund or Wahed Invest’s equity portfolios, which are actively managed to ensure Sharia compliance.
• Benefits:
  • Direct investment in productive companies.
  • Potential for capital appreciation and dividends.
  • Supports ethical business practices.

Sukuk Islamic Bonds

Sukuk are Islamic financial certificates that are structured to comply with Sharia law, effectively representing ownership in tangible assets or specific projects, rather than a debt obligation.

• How they work: Unlike conventional bonds that pay interest, Sukuk pay a return based on the profits generated from the underlying assets or projects they represent.
  • Asset-Backed: Sukuk are typically asset-backed or asset-based, meaning they derive their value from real, identifiable assets.
  • Types: Common types include Murabaha cost-plus financing, Ijarah leasing, Musharaka partnership, and Mudaraba profit-sharing.
• Where to find them:
  • Governments and corporations in Muslim-majority countries often issue Sukuk.
  • Some international financial institutions and investment banks offer Sukuk funds or direct access to Sukuk issuances.
  • Provides a fixed-income-like investment opportunity.
  • Lower risk profile compared to equities, generally.
  • Directly contributes to funding real economic projects.

Islamic Real Estate Investment Trusts REITs

Islamic REITs allow individuals to invest in portfolios of income-generating real estate properties in a Sharia-compliant manner.

• Structure: They involve owning shares in a trust that holds a portfolio of commercial properties offices, retail, industrial, residential and distributes rental income to shareholders.
• Sharia Compliance:
  • The properties themselves must be used for permissible activities no bars, casinos, or interest-based businesses.
  • Financing for property acquisition or development must be Sharia-compliant e.g., through Murabaha or Ijarah.
• Advantages:
  • Exposure to the real estate market without direct property ownership.
  • Regular income stream from rents.
  • Diversification for an investment portfolio.

Musharaka and Mudaraba Partnerships & Profit-Sharing

These are traditional Islamic finance concepts that facilitate equity-based partnerships and profit-sharing arrangements.

• Musharaka Joint Venture/Partnership:
  • Two or more parties contribute capital or capital and expertise to a business venture.
  • Profits are shared according to pre-agreed ratios.
  • Losses are shared strictly in proportion to capital contribution.
  • All partners have a say in management.
• Mudaraba Passive Investment/Profit-Sharing:
  • One party Rab-ul-Mal provides the capital.
  • Another party Mudarib provides expertise and manages the project.
  • Profits are shared according to a pre-agreed ratio.
  • Losses are borne solely by the capital provider, unless the Mudarib was negligent or engaged in misconduct.
• Application: While direct individual participation in these can be complex, they are fundamental to Islamic banking and investment funds. You might find ethical investment platforms or incubators that facilitate Musharaka/Mudaraba arrangements in small businesses or startups.
  • Directly funds productive economic activities.
  • Encourages risk-sharing and ethical partnerships.
  • Aligns with the spirit of Islamic economic justice.

Halal Savings Accounts and Deposits

Many Islamic banks and financial institutions offer savings accounts and investment deposits that operate on Mudaraba or Wakalah agency principles, avoiding interest.

• Mudaraba-based savings: Your funds are pooled with other depositors and invested in Sharia-compliant assets. Profits generated are then shared between the bank and the depositors according to a pre-agreed ratio.
• Wakalah-based deposits: The bank acts as an agent to invest your funds in Sharia-compliant ways, and you receive a pre-agreed profit.
• Example: Islamic banks globally offer these types of accounts. Look for institutions regulated in your region that explicitly state their Sharia compliance.
  • Safe way to save and grow wealth without Riba.
  • Supports the growth of Islamic finance.
  • Provides returns based on real asset performance.

Peer-to-Peer P2P Islamic Financing Platforms

A newer alternative, some P2P platforms are emerging that connect investors with businesses or individuals seeking Sharia-compliant financing. Cooledtured.com Reviews

• How they work: Instead of interest-based loans, these platforms facilitate transactions based on Murabaha cost-plus sale or Musharaka profit-sharing models.
• Example: Platforms like Yielders UK or Islamic finance sections of crowdfunding sites.
• Caution: Thorough due diligence is required to ensure genuine Sharia compliance and assess the risk of the underlying ventures.

By focusing on these ethical and Sharia-compliant avenues, Muslims can grow their wealth in a manner that is blessed and contributes positively to society, steering clear of the pitfalls associated with speculative and interest-based trading platforms like Quantum-gains.com.

The key is always to verify the underlying asset, the method of financing, and the overall transaction structure for adherence to Islamic principles.

Quantum-gains.com Features If Permissible, Otherwise Omit

Since the topic of Quantum-gains.com and its offerings are not permissible in Islam due to the presence of Riba and Gharar, this section will not be included. The focus remains on discouraging engagement with such platforms and promoting Sharia-compliant alternatives.

How to Avoid Online Trading Scams General Advice for All

While Quantum-gains.com may or may not be a scam in the traditional sense, its business model fundamentally deviates from Islamic financial principles due to elements of Riba and Gharar.

However, the online trading space is rife with outright scams designed to defraud individuals. Nuroclean.com Reviews

Understanding how to identify and avoid these is crucial for everyone, especially for Muslims who seek ethical financial dealings.

Red Flags to Watch Out For

Be vigilant for these warning signs when evaluating any online trading platform or investment opportunity:

• Guaranteed High Returns with Little to No Risk: This is the most common and dangerous red flag. No legitimate investment can guarantee high returns, especially not with little to no risk. Real investments involve inherent risk.
• Unsolicited Contact and High-Pressure Sales Tactics: If you receive unexpected calls or emails from unknown brokers or “account managers” pressuring you to invest quickly, be extremely cautious. Legitimate firms rarely cold-call with aggressive sales pitches.
• “Secret” Strategies or “Exclusive” Software: Claims of proprietary algorithms or trading robots that promise to make you rich automatically are almost always fraudulent.
• Lack of Regulatory Compliance: Check if the broker is regulated by a reputable financial authority in your region or the region they claim to operate in e.g., FCA in the UK, ASIC in Australia, FINRA/SEC in the US. Unregulated platforms offer no protection. Quantum-gains.com lists an address in London, but there’s no immediate clear indication of FCA regulation on their homepage for trading services offered. Always verify directly with the regulator.
• Vague or Unclear Business Model: If you can’t understand how the platform generates returns, or if the explanations are overly complex and jargon-filled, it’s a warning sign.
• Difficulty Withdrawing Funds: This is a classic scam tactic. If a platform makes it easy to deposit money but difficult or impossible to withdraw your profits or initial capital, it’s a scam. They might request more money for “taxes” or “fees” before allowing withdrawals.
• Fake Testimonials and Reviews: Scammers often create fake reviews or use stock photos for their “satisfied clients.” Do your own independent research on multiple platforms.
• Pressure to Use Unconventional Payment Methods: Requests for payments via cryptocurrency, wire transfers, or gift cards, especially to personal accounts, should raise immediate alarm bells, as these are often untraceable.
• Spelling and Grammatical Errors on Website/Communications: While not always indicative of a scam, poor grammar and unprofessional presentation can suggest a hastily put-together fraudulent operation.
• Promises of Celebrity Endorsement: Scammers often falsely claim celebrity endorsements to lend credibility to their schemes. Verify such claims independently.

How to Protect Yourself

Proactive steps can significantly reduce your risk of falling victim to online trading scams:

• Do Your Due Diligence Thorough Research: Before investing a single penny, research the platform extensively.
  • Check Regulatory Bodies: Verify their license number with the relevant financial regulator. A quick search on the regulator’s website can reveal if the broker is legitimate and authorized.
  • Read Independent Reviews: Look for reviews on reputable financial forums, consumer protection websites, and independent review platforms. Be wary of overly positive or negative reviews that seem unnatural.
  • Check Company Registration: Look up the company registration details in the country they claim to be based in.
• Start Small If You Insist on Exploring: If you are considering a platform and it is permissible, start with the absolute minimum deposit allowed. Test the withdrawal process with a small amount before committing more funds.
• Never Share Personal Information Blindly: Be extremely cautious about sharing sensitive personal details like bank account information, social security numbers, or copies of ID documents unless you are absolutely certain of the platform’s legitimacy and security.
• Use Strong, Unique Passwords and Two-Factor Authentication 2FA: Protect your accounts with robust security measures.
• Be Skeptical of Emotional Appeals: Scammers often play on emotions like fear of missing out FOMO or the desire for quick wealth. Make decisions based on rational assessment, not emotion.
• Consult a Financial Advisor Halal-Certified if Possible: If you are serious about investing, seek advice from a certified financial planner, preferably one with expertise in Islamic finance.
• Report Suspicious Activity: If you encounter a potential scam, report it to your local financial regulator, consumer protection agencies, and law enforcement.

By adhering to these protective measures, and most importantly, by choosing Sharia-compliant financial activities over speculative ventures, individuals can safeguard their wealth and maintain their ethical principles.

How to Navigate Financial Markets Ethically

For those committed to Sharia-compliant financial practices, navigating the complexities of financial markets requires a clear understanding of what is permissible and what is not. Mulalley.co.uk Reviews

This isn’t just about avoiding obvious prohibitions.

It’s about understanding the underlying principles that make an investment ethical and blessed.

Principles of Islamic Finance in Investing

Islamic finance is founded on several core principles that differentiate it from conventional finance.

Adhering to these principles is paramount for Muslims engaged in any financial activity.

• Prohibition of Riba Interest: This is perhaps the most fundamental principle. Any transaction that involves the charging or paying of interest is forbidden. This includes conventional loans, bonds, and many forms of leveraged trading where interest accrues.
  • Implication for Trading: This means avoiding margin trading, CFDs with swap fees, and any instrument that generates returns purely from the time value of money rather than a tangible asset or productive activity.
• Prohibition of Gharar Excessive Uncertainty/Speculation: Transactions that involve excessive ambiguity, deception, or pure speculation are forbidden. This ensures fairness and transparency.
  • Implication for Trading: This rules out instruments like CFDs where you don’t own the underlying asset and options/futures if they are purely speculative and not for hedging genuine commercial risk. Highly volatile instruments where the outcome is largely a gamble are also problematic.
• Prohibition of Maysir Gambling: Any activity where money is wagered on an uncertain outcome with the sole intention of winning money at another’s expense is forbidden.
  • Implication for Trading: Day trading with excessive leverage, binary options, and highly speculative short-term trading often cross the line into Maysir. The focus should be on real economic value and risk-sharing, not merely profiting from price fluctuations without contributing value.
• Investment in Halal Industries: Capital must be invested in businesses and activities that are permissible in Islam.
  • Prohibited Industries: This includes businesses involved in alcohol, tobacco, gambling, conventional banking/insurance, pork, adult entertainment, and weapons manufacturing unless for defensive purposes.
  • Permitted Industries: Technology, healthcare, real estate, manufacturing, agriculture, ethical consumer goods, and renewable energy are generally permissible, provided their financial structure is also compliant.
• Tangible Asset-Backed Transactions: Islamic finance emphasizes transactions backed by real, identifiable assets. Wealth should be generated from productive activity and value creation, not merely from monetary exchanges.
  • Implication for Trading: This favors direct equity investments in companies that own real assets and generate revenue through their operations, rather than derivative products detached from physical assets.
• Ethical and Social Responsibility: Islamic finance encourages investments that contribute positively to society, promote justice, and avoid harm.
  • Zakat: Remember to factor in Zakat obligations on your wealth and investments.

Practical Steps for Ethical Investing

For Muslims looking to participate in financial markets ethically, here are practical steps: Ottdash.com Reviews

1. Educate Yourself: Learn the basics of Islamic finance and the specific prohibitions. Resources from reputable Islamic finance scholars and institutions are invaluable.
2. Seek Sharia-Compliant Brokers/Platforms: Look for brokerage firms that offer “Islamic accounts” or “Swap-free accounts” that explicitly state their adherence to Sharia principles by eliminating interest. However, even with these, you must understand the underlying instruments to ensure they are permissible e.g., even a swap-free account won’t make a highly speculative CFD permissible.
3. Focus on Long-Term, Value-Based Investing:
   • Halal Stocks: Invest in shares of companies that are Sharia-compliant in their operations and financial structure. Use Sharia screening tools or consult lists provided by Islamic index providers e.g., Dow Jones Islamic Market Index.
   • Real Estate: Direct investment in real estate or through Sharia-compliant REITs is a permissible option.
   • Sukuk: Consider Sukuk for fixed-income exposure, as they represent ownership in assets, not debt.
4. Avoid High-Leverage and Speculative Instruments: Steer clear of Forex trading with high leverage, CFDs, binary options, and highly speculative derivatives. Their nature involves Riba and Gharar, making them impermissible.
5. Prioritize Transparency and Understanding: Only invest in instruments and platforms where you fully understand how returns are generated and how the underlying assets work. Avoid anything that seems opaque or overly complex.
6. Regularly Review Your Portfolio for Compliance: Markets and companies change. Periodically review your investments to ensure they remain Sharia-compliant.
7. Consult Islamic Financial Scholars: When in doubt, consult a qualified Islamic financial scholar or a Sharia board for guidance on specific investments.

By diligently applying these principles and steps, Muslims can navigate the financial markets in a manner that is both ethically sound and financially prudent, earning a blessed return while upholding their faith.

This approach emphasizes responsible wealth management and contribution to the real economy, moving away from purely speculative ventures.

How to Cancel Quantum-gains.com Subscription Hypothetical, as it’s not a subscription service

Based on the website’s description, Quantum-gains.com operates more as a brokerage platform for trading rather than a subscription service with recurring fees.

Therefore, the concept of “canceling a subscription” might not directly apply in the traditional sense.

However, if one wishes to discontinue their relationship with Quantum-gains.com, the process would typically involve closing your trading account and withdrawing any remaining funds. Loot4rs.com Reviews

Steps to Close a Trading Account and Withdraw Funds

While Quantum-gains.com doesn’t explicitly detail an “account closure” process on its homepage, general industry practice for online trading platforms involves these steps:

1. Log In to Your Account: Access your Quantum-gains.com trading account using your credentials.
2. Navigate to the Account Management Section: Look for sections like “Profile,” “Settings,” “My Account,” or “Deposit/Withdrawal.”
3. Initiate a Withdrawal Request:
   • Find the “Withdrawal” or “Cash Out” option.
   • Specify the amount you wish to withdraw. Ensure you withdraw your entire balance if you intend to close the account.
   • Select your preferred withdrawal method e.g., bank transfer, e-wallet. Note that funds usually have to be withdrawn via the same method they were deposited, especially for the initial capital.
   • Complete any required verification steps e.g., submitting ID, proof of address, or confirming banking details. This is a standard security measure.
4. Contact Customer Support for Account Closure:
   • After initiating your withdrawal, or even simultaneously, it’s crucial to formally request account closure.
   • Look for a “Contact Us,” “Support,” or “Live Chat” option on the Quantum-gains.com website.
   • Clearly state your intention to close your trading account. You might need to provide your account number or other identifying information.
   • Inquire about any specific procedures or forms required for account termination.
   • Contact Information from Website:
     • Mail Address: [email protected]
     • Call Us: +1 647 847 2812, +44 204 578 7026, +44 204 578 7027
     • Office Location: 176 High Holborn Tottenham Court Road, London, WC1V 7AA Note: This is a virtual office or co-working space address, which is common but worth noting.
5. Confirm Account Closure: Request written confirmation e.g., via email once your account has been fully closed and your funds have been successfully withdrawn.
6. Delete Personal Data Optional but Recommended: Inquire if there’s a process to request deletion of your personal data in accordance with data protection regulations like GDPR if applicable.

Important Considerations

• Pending Trades: Ensure all open positions are closed before attempting to withdraw funds or close the account. You cannot close an account with active trades.
• Fees: Check their terms and conditions for any withdrawal fees or inactivity fees that might apply if your account has been dormant or if you are withdrawing a very small amount.
• Verification Process: Be prepared for a thorough verification process during withdrawal, especially for larger sums. This is a security measure, but can sometimes be lengthy.
• Zero Balance: Most brokers require your account balance to be zero before final closure.
• Risk Warning Reminder: Their own site has a stark risk warning: “There is a possibility of incurring losses exceeding your deposited funds, even with stop loss measures in place. Do not trade with money you cannot afford to lose.” If you have lost funds, understand that closing the account won’t recover them.

For Muslims, the most important “cancellation” is of the desire to engage in impermissible trading activities.

Once an account is closed, the focus should entirely shift to Sharia-compliant financial alternatives that bring blessings and true prosperity.

Quantum-gains.com Pricing General Brokerage Pricing Structure

Based on the Quantum-gains.com website, it appears to be a brokerage firm offering access to various financial markets.

Their homepage mentions “Low commissions & tight spreads” as a key benefit, which are standard pricing components for such platforms. Leadingcards.media Reviews

Unlike subscription services, brokerage pricing is typically transactional or spread-based.

Common Pricing Models in Online Trading

Online brokers generally use one or a combination of the following pricing models:

1. Spreads: This is the difference between the bid buy price and the ask sell price of a financial instrument. It’s essentially the broker’s profit margin on each trade.

   • “Tight Spreads”: Quantum-gains.com advertises “tight spreads,” meaning the difference between bid and ask is small. While this sounds good for traders, it doesn’t negate the underlying impermissibility of the trading itself especially leveraged CFDs/Forex.
   • Variable vs. Fixed: Spreads can be variable fluctuating with market volatility or fixed remaining constant. Tight spreads are often found with variable spread accounts.

2. Commissions: This is a direct fee charged by the broker for executing a trade.

   • “Low Commissions”: Quantum-gains.com states they offer “low commissions.” Commissions can be per lot, per share, or a percentage of the trade value.
   • When Applied: Commissions are common in stock trading, but in Forex and CFD trading, brokers often rely more heavily on spreads. Some ECN Electronic Communication Network brokers might offer very tight or zero spreads but charge commissions per trade.

3. Swap/Rollover Fees Overnight Fees: These are charges or credits applied for holding a leveraged position open overnight. Cleaning-agency.co.uk Reviews

   • Interest-Based: These fees are fundamentally interest-based and therefore Haram forbidden in Islam. They represent the interest differential between the two currencies in a Forex pair, or a financing charge for holding a CFD position.
   • Quantum-gains.com Implication: While Quantum-gains.com doesn’t explicitly mention swap fees on their main page, it’s almost certain that a leveraged trading platform would have them. For Muslims, this is a critical point of concern and makes such platforms impermissible unless a truly Sharia-compliant “swap-free” account is offered where the alternative charging mechanism is also permissible.

4. Inactivity Fees: Some brokers charge a fee if a trading account remains dormant for an extended period e.g., 3-6 months.

   • Purpose: To encourage active trading or cover administrative costs for inactive accounts.
   • Check Terms: Users should always check the terms and conditions for any potential inactivity fees.

5. Deposit/Withdrawal Fees: While many brokers advertise no deposit fees, some might charge fees for certain withdrawal methods, especially for wire transfers or international transactions.

   • Quantum-gains.com Implication: Their statement “No hidden fees, no hassle” when depositing suggests they might not charge deposit fees, but withdrawal fees should always be verified in their detailed terms.

Quantum-gains.com Specifics as Advertised:

• “Low commissions & tight spreads”: These are the primary advertised cost benefits.
• “No minimum deposit”: This refers to the initial capital required to open an account, not a recurring fee or subscription cost.
• “No hidden fees, no hassle” for funding: Suggests transparency in their deposit process.

Summary from an Islamic Perspective on Pricing:

While “low commissions” and “tight spreads” might seem appealing financially, the presence of swap/rollover fees which are interest-based and the inherent leveraging borrowing with implied interest in Forex and CFD trading make Quantum-gains.com’s services impermissible. Even if an account is “swap-free,” the underlying mechanism of leverage still involves Riba. Therefore, the pricing structure, while seemingly competitive, doesn’t change the fundamental impermissibility of the activity itself for a Muslim.

How to Cancel Quantum-gains.com Free Trial Not Applicable

Based on the information provided on Quantum-gains.com’s homepage, there is no mention of a “free trial” in the traditional sense, such as a time-limited subscription where you’re automatically billed afterward. The platform is designed for direct trading.

Instead of a free trial, brokerage platforms like Quantum-gains.com often offer one or both of the following: Imobie.com Reviews

1. Demo Account: A simulated trading account with virtual money, allowing users to practice trading without risking real capital. These are typically free to use indefinitely and do not require cancellation as they don’t involve real money or recurring charges.
2. “No Minimum Deposit” for Live Account: As advertised by Quantum-gains.com, this means you can open a live trading account with any amount, even a very small one. This is not a “free trial” that converts into a paid subscription. it’s a direct entry into live trading.

How to Discontinue Use of a Demo Account:

If you have a demo account with Quantum-gains.com and wish to discontinue its use:

• Simply log out and cease using it. There’s usually no formal “cancellation” required as it involves no financial commitment or recurring charges.
• If you want your data removed, you might need to contact their support team as mentioned in the “How to Cancel Subscription” section, but for a demo account, this is generally less critical.

What to Do if You Signed Up for a Live Account with “No Minimum Deposit”:

If you opened a live account and deposited a minimal amount, mistakenly thinking it was a “free trial”:

• You are in a live trading environment.
• Follow the steps outlined in the “How to Cancel Quantum-gains.com Subscription” section to withdraw any remaining funds and formally close your live trading account.
• Crucial Reminder: Given the impermissible nature of leveraged Forex and CFD trading in Islam, even a small “trial” amount on a live account should be avoided. The best course of action is to refrain from engaging with such platforms altogether.

In summary, there is no “free trial” to cancel in the traditional sense for Quantum-gains.com. If you opened a demo account, simply stop using it.

If you opened a live account even with a minimal deposit, you would follow the account closure and withdrawal procedures.

Quantum-gains.com vs. Competitors Islamic Perspective

When evaluating Quantum-gains.com against its competitors in the online trading space, from an Islamic perspective, the comparison isn’t about which platform offers better spreads or faster execution. Instead, it’s fundamentally about which, if any, are permissible for a Muslim to use. The unfortunate truth is that most conventional online Forex and CFD brokers, including Quantum-gains.com, share common characteristics that render them impermissible due to Riba interest, Gharar excessive uncertainty, and Maysir gambling. Fengfantrade.net Reviews

Quantum-gains.com and the Conventional Broker Landscape

Quantum-gains.com appears to be a standard retail Forex and CFD broker.

Its offerings—Forex, Stocks as CFDs, Indices, Commodities, Cryptocurrencies, leverage, 24/7 support, and claims of tight spreads/low commissions—are typical across hundreds, if not thousands, of similar platforms globally.

• Similarities with Competitors:
  • Leverage: Almost all conventional brokers offer leverage, which is the primary source of Riba in their model.
  • CFDs: The majority offer Contracts for Difference, which are speculative and involve Gharar because you don’t own the underlying asset.
  • Swap Fees: Even if not explicitly advertised, conventional brokers typically apply swap fees for overnight positions, which are interest-based.
  • Market Access: They all aim to provide broad market access, including highly volatile instruments like cryptocurrencies often traded as CFDs, which adds another layer of impermissibility if based on speculation and not real assets.
  • Risk Warnings: All regulated brokers are required to display prominent risk warnings, acknowledging the high probability of retail investor losses. This is a commonality that underscores the speculative nature of their offerings.

Why Most Conventional Competitors Are Also Impermissible

The issue isn’t unique to Quantum-gains.com.

It’s systemic across the conventional online brokerage industry when dealing with leveraged products and CFDs.

• Example Competitors Hypothetical & Illustrative, Not Endorsement: Popular brokers like eToro, Plus500, IG, FXCM, XM, etc., often operate with similar models. While some might offer “Islamic accounts” or “swap-free” options, a deeper dive often reveals that the core issue of leverage and Gharar in CFDs still persists. Even if swap fees are removed, the underlying mechanism of borrowing to amplify trades is still problematic.

The True “Competitors”: Sharia-Compliant Investment Platforms

For a Muslim, the actual “competitors” to Quantum-gains.com are not other conventional brokers, but rather platforms and avenues that facilitate truly Sharia-compliant investing. These are the alternatives that should be explored. Popsandcoco.com Reviews

• Halal Equity Brokerages/Platforms:
  • How they differ: These platforms facilitate direct investment in the shares of Sharia-compliant companies. They focus on ownership of real assets and avoid leveraged trading.
  • Examples: Wahed Invest global, Amana Funds USA, though direct funds, or specific Sharia-compliant investment arms of larger banks. You might also use a conventional broker but only trade Sharia-compliant stocks and avoid leveraged products or interest-bearing activities.
• Islamic Crowdfunding Platforms:
  • How they differ: These platforms connect investors with real businesses seeking ethical, equity-based financing Musharaka, Mudaraba or asset-backed financing Murabaha. They avoid interest-based loans.
  • Examples: Various platforms globally that focus on ethical startups or real estate development using Islamic finance principles.
• Islamic Gold and Silver Trading Platforms Physical, Not CFD:
  • How they differ: These platforms facilitate the purchase and sale of physical gold and silver, with immediate ownership and delivery/storage, adhering to specific Sharia rules for currency exchange e.g., Sarf. They avoid speculative gold CFDs.
  • Example: Specific providers that offer physical gold/silver storage and trading.
• Takaful Islamic Insurance Providers:
  • How they differ: While not directly trading, Takaful is the Islamic alternative to conventional insurance, based on mutual cooperation and donation, avoiding Riba and Gharar inherent in conventional models.
  • Examples: Many Islamic banks and dedicated Takaful providers globally.

Conclusion on Competition:

For a Muslim, the question is not “Which conventional broker is best?” but “Which investment approach is truly permissible?” Quantum-gains.com falls into the category of conventional brokers whose core leveraged and CFD offerings are problematic.

The prudent and religiously sound choice is to steer clear of such platforms and instead seek out the burgeoning ecosystem of genuinely Sharia-compliant investment alternatives that focus on ethical, productive, and interest-free wealth generation.

Frequently Asked Questions

What is Quantum-gains.com?

Based on its website, Quantum-gains.com is an online trading platform that provides access to over 500 financial markets, including Forex, stocks, indices, commodities, and cryptocurrencies, for retail traders.

Is Quantum-gains.com a scam?

While it’s difficult to definitively label it a “scam” without personal experience or regulatory warnings, platforms offering leveraged Forex and CFD trading, like Quantum-gains.com, carry significant risks.

Their business model is not aligned with Islamic finance principles due to the involvement of Riba interest and Gharar excessive uncertainty. Kriddo.com Reviews

What financial instruments can be traded on Quantum-gains.com?

Quantum-gains.com states that users can trade Forex, stocks, indices, commodities, and cryptocurrencies on their platform.

These are typically offered as Contracts for Difference CFDs or leveraged products.

Does Quantum-gains.com offer a demo account?

While not explicitly stated on their homepage, most online trading platforms like Quantum-gains.com offer a demo account for practice trading with virtual money. This is a common feature to attract new users.

Does Quantum-gains.com charge commissions?

Yes, Quantum-gains.com advertises “low commissions” as one of its benefits, indicating that they do charge fees per trade or transaction in addition to spreads.

What are the spreads like on Quantum-gains.com?

Quantum-gains.com claims to offer “tight spreads,” which means a smaller difference between the bid and ask prices of financial instruments, theoretically leading to lower trading costs for users.

Does Quantum-gains.com have a minimum deposit requirement?

No, Quantum-gains.com explicitly states “No minimum deposit” on its homepage, allowing users to start trading with any amount they choose.

Where is Quantum-gains.com located?

Quantum-gains.com lists its office location as 176 High Holborn, Tottenham Court Road, London, WC1V 7AA.

How can I contact Quantum-gains.com support?

You can contact Quantum-gains.com support via email at [email protected] or by phone at +1 647 847 2812, +44 204 578 7026, and +44 204 578 7027. They claim to offer 24/7 assistance.

Is leveraged trading on Quantum-gains.com permissible in Islam?

No, leveraged trading, which is a core offering of Quantum-gains.com, is generally not permissible in Islam.

It involves Riba interest due to the borrowing of funds and Gharar excessive uncertainty/speculation due to the nature of CFDs and high risk.

Are CFDs on Quantum-gains.com Sharia-compliant?

No, Contracts for Difference CFDs are typically not Sharia-compliant.

They involve speculation on price movements without actual ownership of the underlying asset, which introduces Gharar excessive uncertainty and can resemble Maysir gambling.

Why is Forex trading on Quantum-gains.com problematic in Islam?

Forex trading on platforms like Quantum-gains.com often involves high leverage and is primarily speculative.

The use of leverage introduces Riba interest, and the speculative nature of short-term currency movements can fall under Gharar and Maysir.

Does Quantum-gains.com offer “swap-free” or Islamic accounts?

The website’s homepage does not explicitly mention offering “swap-free” or specific “Islamic accounts.” Even if they did, the underlying issue of leverage still often remains problematic from a Sharia perspective.

What are the risks of trading on Quantum-gains.com?

Quantum-gains.com’s own risk warning states: “Trading forex and CFDs involves significant risk due to leverage, and even small market movements can lead to substantial losses, potentially wiping out your entire invested capital.

Most retail accounts experience losses when trading CFDs.”

Can I lose more than my deposited funds with Quantum-gains.com?

Yes, Quantum-gains.com’s risk warning explicitly states: “There is a possibility of incurring losses exceeding your deposited funds, even with stop loss measures in place.” This is common with leveraged trading.

What are some Sharia-compliant alternatives to Quantum-gains.com?

Sharia-compliant alternatives include investing in halal stocks and equity funds, Sukuk Islamic bonds, Islamic Real Estate Investment Trusts REITs, Musharaka/Mudaraba partnerships, and halal savings accounts with Islamic financial institutions.

How do I withdraw funds from Quantum-gains.com?

To withdraw funds, you would typically log into your account, navigate to the withdrawal section, specify the amount and method, and complete any required verification.

You should ensure all open trades are closed first.

Can I close my Quantum-gains.com account?

Yes, you can typically close your Quantum-gains.com account by initiating a full withdrawal of funds and then formally contacting their customer support via email or phone to request account termination.

Does Quantum-gains.com offer personalized account management?

Yes, Quantum-gains.com advertises “Personalized Account Management,” claiming to provide insights from experienced account managers with over 15 years in financial markets.

What should I do if I am contacted by Quantum-gains.com for investment opportunities?

Exercise extreme caution.

If contacted unsolicited, perform thorough independent research.

Remember, any trading activity involving Riba or excessive speculation is not permissible in Islam, regardless of the platform. Focus on Sharia-compliant alternatives instead.

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