Quantower Review 2025: Testing Results & Top Brokers
Short-term trading is a game of precision, speed, and strategy, and Quantower delivers a suite of tools tailored to meet these needs. It’s a powerhouse platform designed for serious traders – whether you’re scalping, day trading, or experimenting with algorithms.
Let’s explore Quantower’s key features, insights from our tests, and the best brokers supporting this platform.
Quantower stands out in the competitive world of trading platforms because of its versatility and functionality. Here’s why short-term, day traders like me love it:
- Customizable Interface: Personalize your workspace to fit your trading style.
- Lightning-Fast Execution: Crucial for scalping and day trading strategies.
- Wide Integration: A seamless connection with multiple brokers for flexibility.
Top 2 Quantower Brokers
Based on our latest tests, here’s our ranking of the best brokers compatible with Quantower:
-
1
Interactive Brokers
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$0$1001:50FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFMStocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, CryptocurrenciesTrader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, QuantowerCheque, ACH Transfer, Wire Transfer, Automated Customer Account Transfer Service, TransferWise, Debit CardUSD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF -
2
KrakenLower fees when trading volume exceeds $50,000 in 30 days
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$10VariableFCA, FinCEN, FINTRAC, AUSTRAC, FSACryptosAlgoTrader, QuantowerBitcoin Payments, Wire Transfer, PayID, Silvergate Bank Transfer, Etana, Ethereum PaymentsUSD, EUR, GBP, CAD, AUD, JPY, CHF
Here is a short summary of why we think each broker belongs in this top list:
- Interactive Brokers - Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
- Kraken - Kraken is a leading cryptocurrency exchange with a proprietary trading terminal and a list of 220+ tradeable crypto tokens. Up to 1:5 leverage is available with stable rollover fees on spot crypto trading and up to 1:50 on futures. The exchange also supports crypto staking and has an interactive NFT marketplace.
Quantower Brokers Comparison
| Broker | Instruments | Regulators | Minimum Deposit |
|---|---|---|---|
|
|
Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | $0 |
|
|
Cryptos | FCA, FinCEN, FINTRAC, AUSTRAC, FSA | $10 |
Interactive Brokers
"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."
Christian Harris, Reviewer
Interactive Brokers Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies |
| Regulator | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM |
| Platforms | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower |
| Minimum Deposit | $0 |
| Minimum Trade | $100 |
| Leverage | 1:50 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF |
Pros
- While primarily geared towards experienced traders, IBKR has made moves to broaden its appeal in recent years, reducing its minimum deposit from $10,000 to $0.
- IBKR continues to deliver unmatched access to global stocks with tens of thousands of equities available from 100+ market centres in 24 countries, most recently the Saudi Stock Exchange.
- IBKR is one of the most respected and trusted brokerages and is regulated by top-tier authorities, so you can have confidence in the integrity and security of your trading account.
Cons
- IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
- You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.
- TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.
Kraken
"Kraken will suit traders looking for a diverse list of cryptos including Bitcoin and a good security track record."
William Berg, Reviewer
Kraken Quick Facts
| Bonus Offer | Lower fees when trading volume exceeds $50,000 in 30 days |
|---|---|
| Demo Account | Yes |
| Instruments | Cryptos |
| Regulator | FCA, FinCEN, FINTRAC, AUSTRAC, FSA |
| Platforms | AlgoTrader, Quantower |
| Minimum Deposit | $10 |
| Minimum Trade | Variable |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF |
Pros
- Low minimum deposit of $10
- NFT marketplace and crypto staking available
- Mobile investing
Cons
- Slow verification process on Pro account
- Low leverage on spot trading
- Does not accept fiat deposits
Why Use Quantower’s API Integration With These Brokers?
- Flexibility: Easily adapt your trading strategies with Quantower’s powerful tools.
- Customization: Use the Quantower API to build and test strategies that match your trading style.
- Seamless Data Flow: Enjoy uninterrupted data feeds and smooth order execution.
Connecting To Brokers Through APIs
Quantower makes it remarkably simple to connect and use its API with brokerages like OANDA or platforms like cTrader. Here’s how it works step-by-step:
Connecting Quantower To OANDA Via API
1. Create An API Token On OANDA
- Log in to your OANDA account.
- Navigate to the API settings under your account dashboard.
- Generate a new API token and copy it for use in Quantower.
2. Set Up The Connection In Quantower
- Open Quantower and go to the Connections Manager.
- Select OANDA from the list of supported brokers.
- Paste your OANDA API token into the required field.
- Choose your trading environment (live or demo).
3. Start Trading
- Once connected, Quantower will display your account balance, open positions, and market data.
- Use features like advanced charting, order placement, and risk management directly with OANDA’s pricing and liquidity.
The integration is seamless, and you can use OANDA’s data feed with Quantower’s powerful tools, such as the Depth of Market (DOM) and algorithmic trading.
This combination is perfect for traders who want OANDA’s reliability paired with Quantower’s advanced trading environment.
Using Quantower With cTrader API
1. Set Up cTrader API Access
- Log in to your cTrader brokerage account (e.g., IC Markets or Pepperstone).
- Obtain API credentials, usually from the platform’s developer or integration section.
2. Configure Quantower For cTrader
- In Quantower’s Connections Manager, find cTrader among the supported platforms.
- Input your API credentials (client ID, secret key, and other required details).
- Test the connection to ensure it’s active.
3. Start Using cTrader Data In Quantower
- cTrader’s deep liquidity and data precision combine with Quantower’s superior analytics.
- Use the Volume Analysis and Order Flow tools for better trading insights.
Why It’s Simple:
cTrader already supports advanced trading capabilities, and Quantower’s intuitive interface enhances this with features like algorithmic trading and Market Replay.
You don’t need deep technical knowledge to make this work; it’s designed to integrate seamlessly.
Key Features Of Quantower
Advanced Charting Tools
- Over 40+ built-in indicators like RSI, MACD, and Bollinger Bands.
- Support for custom indicators, which can be created using the Quantower scripting API.
- Multiple chart types, including candlestick, bar, and Renko.
The charting capabilities of Quantower are phenomenal. I found myself saving time by easily switching between timeframes and applying indicators without any lag.
Algorithmic Trading
- Build and test your trading algorithms directly within the platform.
- The built-in Backtesting Tool lets you validate strategies with historical data before going live.
Risk Management Tools
- Built-in tools for setting stop losses, take profits, and trailing stops.
- Position sizing calculators to help you manage risk effectively.
Depth Of Market (DOM)
- The DOM window offers a detailed view of market liquidity and order flow.
- It is ideal for scalpers who need precise data to enter and exit trades.
Market Replay
- Rewind and replay past trading sessions to review market behavior and refine strategies.
- An invaluable tool for learning and improving performance.
Using the Market Replay feature allowed me to identify flaws in my strategy and make adjustments that boosted my profitability.
Data Aggregation
- Combine feeds from multiple brokers or exchanges to get a unified market view.
- Ensure better decision-making with accurate and comprehensive data.
Customizable Hotkeys
- Configure hotkeys for quick actions like placing orders, modifying trades, or cancelling all orders.
- A lifesaver for day traders who need rapid response times.
Multi-Monitor Support
- Seamlessly extend your workspace across multiple monitors.
- Perfect for active traders who monitor multiple assets or strategies simultaneously.
Trading Simulator
- Practice trading without risking real money.
- Simulate real-time conditions to test new strategies or get familiar with the platform.
Cross-Platform Functionality
- Quantower is available for Windows and Mac users.
- Mobile app integration is in development, promising seamless trading on the go.
Quantower In Action: A Trader’s Perspective
I set up the platform to evaluate Quantower’s utility for short-term trading and focused on its core features. My objective was to test the usability, speed, and effectiveness of its tools in a live trading environment. Here’s how it went:
Setting Up My Workspace
From the start, I noticed the platform’s sleek and customizable interface. Setting up my workspace was intuitive:
- I connected a demo account to test stock and futures trading.
- Using Quantower’s workspace linking feature, I synced my charts, watchlist, and order book. This ensured that changes to one were reflected across all linked windows.
- The multi-monitor support was a standout feature; I spread my trading tools across two screens without performance lags.
- Importantly, the workspace felt personal and efficient, enhancing my ability to focus on critical trading data without distractions.
Charting Features
Quantower’s charting is a dream for technical traders.
- I tested indicators like RSI, Bollinger Bands, and Fibonacci retracements. These loaded quickly and were easy to configure.
- Switching between timeframes (1 minute to 1 hour) was seamless, with no noticeable delays.
- I tried their multi-chart layouts, which allowed me to view different timeframes for the same asset.
As a scalper, the responsiveness of charts is crucial. I appreciated how smoothly the platform handled live data streams, especially during volatile market hours.
Testing Depth Of Market (DOM)
For short-term traders, the Depth of Market (DOM) is essential. I focused on futures and crypto trading to evaluate order flow and liquidity.
- The DOM displayed detailed buy and sell levels with precise updates.
- I placed several limit orders directly from the DOM. The execution speed was impressive, with minimal slippage.
- I used the volume heatmap to spot liquidity clusters, which helped me identify potential breakout points.
Result: This tool felt indispensable for scalping. By spotting high-volume zones, I positioned myself ahead of rapid price moves.
Algorithmic Trading And Backtesting
I created a simple moving average crossover strategy using Quantower’s scripting API. The process was beginner-friendly yet powerful:
- I scripted a 50/200 MA crossover.
- Ran the strategy through six months of historical forex data using the backtesting feature.
- The backtest results included detailed metrics like profit factor, drawdowns, and win rate.
Outcome: The backtest revealed inefficiencies in my initial strategy. After tweaking stop-loss levels, I improved my net profitability.
Market Replay For Practice
The Market Replay tool became a personal favorite. I selected a high-volatility trading session from the previous week and replayed the market data.
- Practiced entering and exiting trades at 2x speed.
- I paused at key moments to analyse price action and refine my reactions.
Takeaway: This feature significantly improved my ability to trade under pressure. It’s an invaluable tool for both beginners and experienced traders looking to sharpen their skills.
Risk Management In Real-Time
Quantower’s risk management tools were tested extensively during live trading sessions:
- The position sizing calculator ensured that my trades aligned with my risk tolerance.
- Setting trailing stops and take-profit orders was quick and straightforward.
- I tested OCO (One Cancels the Other) orders, which worked flawlessly.
Benefit: Effective risk management is non-negotiable for short-term trading, and Quantower makes it easy to implement strategies that protect your capital.
Results And Overall Impressions
After a week of testing, here’s how Quantower performed from my perspective as an experienced short-term trader:
- Execution Speed: Lightning-fast, crucial for scalping and day trading.
- Usability: Intuitive interface with deep customization options.
- Reliability: Stable during high volatility and peak trading hours.
- Standout Features: DOM, backtesting, Market Replay, and multi-monitor support stood out.
- Improvements Needed: While the desktop platform excels, mobile functionality is still under development, limiting flexibility for on-the-go traders.
Tips
Drawing on my time personally using the platform, here are my key tips to get the most out of the software:
- Maximize Hotkey Efficiency: Spend time setting up hotkeys to reduce the number of clicks required during high-stress trading moments.
- Leverage Chart Linking: Use the workspace linking feature to connect multiple charts and tools for synchronised analysis.
- Dive into the Community: Quantower has a vibrant user community where traders share custom indicators and scripts. For example, I discovered a volatility indicator shared in their forums.
- Experiment with Market Replay: Revisit historical market data to understand how your strategy performs under different conditions.
Pricing And Accessibility
Quantower offers flexible pricing options to cater to traders of all levels:
- Free Plan: Includes essential features like charting, fundamental indicators, and limited broker connections.
- Pro Plan: Unlocks advanced features such as multi-connectivity, algorithmic trading, and DOM. Pricing is competitive, with monthly and annual subscription options available.
- Lifetime License: This is for traders who want unlimited access without recurring fees.
I got a great feel for the system with a free seven-day trial. But I reckon the Pro Plan is the best value for short-term traders due to its access to multiple brokers and advanced tools like Market Replay and backtesting.
Pros And Cons Of Quantower
Pros
- Intuitive and highly customizable interface
- Broad broker and exchange compatibility
- Excellent tools for short-term traders, including DOM and hotkeys
- Strong community support and resources
Cons
- Steep learning curve for beginners
- Limited mobile functionality (currently under development)
- Advanced features are locked behind the Pro Plan
Bottom Line
Quantower is a software that deserves your attention if you’re serious about day trading. It combines advanced features, intuitive design, and extensive broker support to give traders the tools they need to succeed.
While it may have a learning curve, the potential payoff in trading efficiency and precision is well worth the effort. Take it for a seven-day test drive, and it might become your new trading command centre.
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