Trading platform finds new way to attract clients

A fully regulated broker with over 100,000 users worldwide has discovered a novel way to attract new clients to its platform.

A fully regulated broker with over 100,000 users worldwide has discovered a novel way to attract new clients to its platform.

Quantfury says users who invite their friends to the platform will receive Crypto Engine shares or cryptocurrencies as rewards. These will have a value of between US$10 and US$250. And the friends will receive the same.

According to the company, this could offer some interesting opportunities that users might not have considered before. For example, one could own Facebook or Google shares or invest in Bitcoin or Ethereum.

To set itself apart from the competition, Quantfury says users can earn up to US$750 in rewards per calendar year, depending on how many friends they end up inviting.

A compelling philosophy

Quantfury’s main motive is to provide free trading and investing at real spot prices from top exchanges such as the New York Stock Exchange, Nasdaq, CME and Binance. It currently offers over 500 assets.

Founder Lev Mazur told Cointelegraph, „Quantfury has taken its user numbers globally to the point where they are second to none in the last two years. Quantfury users are not at a disadvantage in the first place and are therefore masters of their own destiny.“

As a result, traders have a level playing field with hedge funds and financial institutions on Wall Street and in the City of London. The unfair advantage that some wealthy individuals have over retail investors is also eroded. This issue has become particularly interesting in recent years in the wake of the GameStop short squeeze. This was fuelled by the WallStreetBets subreddit.

The Quantfury team says it has achieved exceptionally high customer loyalty across the 100 countries it serves. Analytics say people spend as long on the app as they do on Instagram, for example.

Quantfury believes that a key factor in its success was its strong focus on the crypto audience. As a result, users were able to fund their accounts with digital assets and cash out in them. This has helped early Bitcoin and Ethereum adopters turn to the platform.

How to get in.

As Cointelegraph reported in December 2018, Quantfury was developed by traders for traders. From the beginning, its mission has been to make markets „absolutely transparent and fair“. While other companies have taken the motto „don’t be evil“ to heart, the company has advertised with the mantra „you can’t be evil at all“.

The platform says that word of mouth has played an important role in user growth. That’s why they came up with this new system with invitations, it says. Users can share an invitation code that their friends can use when they sign up for an account.

Rewards are unlocked as soon as money is deposited into an account. The value fluctuates depending on the current market rate. Users have 30 days to collect the premium. Then the asset received is sold at the real-time market price.

In addition to shares and cryptocurrencies, Quantfury also allows users to invest in exchange-traded funds (ETFs) that track a basket of carefully selected stocks. Investors can view multiple futures markets that include trading commodities and equity indexes.

The equity and crypto markets are becoming increasingly intertwined. Companies like Robinhood are now being looked at very closely by US policymakers because they have restricted access to certain stocks. Quantfury, on the other hand, follows the motto „everyone’s honest trade“ and thus also appeals to private traders and investors who want to profit from the recent market movements worldwide.