Quadriga CX Broker Review
A Brief Overview Of Quadriga CX:
Quadriga CX is virtually the largest crypto exchange in Canada. Moreover, with corporate headquarters in Quebec, Quadriga Cx has adopted a single market approach to crypto trading. However, it only targets the Canadian market there. Established in 2013, and operated under Quadriga Fintech Solutions the broker sought to provide a centralized and secure trading platform for Canadians.
Digital assets traded on the platform
Quadriga specializes in fiat to crypto and crypto to crypto trades. Some of the most popular digital assets traded on the exchange include:
- Bitcoin
- Ethereum
- Bitcoin cash
- Litecoin
- Ripple
- Monero
Fees
Clients can fund their Quadriga CX accounts through bank wire in USD and CAD or using the acceptable digital currencies for free. Transactions involving digital and fiat currencies attract a 0.5% trading fee while crypto-to-crypto trades attract a 0.2% fee. Withdrawal fees are subject to the type of currency and monthly volume.
Customer support
The Quadriga CX website is dedicated to Canadian investors and traders and in effect only supports the English language. However, the company has received commendations online from their clients for a prompt and comprehensive response to queries. This team can also be accessed via phone: +1 604-243-7056 email: support@quadrigacx.com, or their Facebook and Twitter accounts.
Pros
- Accepts multi-currency funding
- Lists all popular currencies
Cons
- Closed to international crypto enthusiasts
- Slow processing speeds
Verdict
Quadriga CX has still been marred by issues after the death of its CEO Gerald Cotton’s sudden death in December 2018. This threw the broker into whirlwind given that he didn’t leave a clue about the access codes to the exchange’s cold wallets. However, it effectively locks away close to $200 million investor funds in fiat and cryptocurrencies. The company is no longer accepting new clients or trades and has since taken its website offline as its management and the Supreme Court of Canada chart the way forward.
