Our team spent about 90 days using Quoin Ballast with our own money, and here's the short version. Getting going takes minutes, it looks after your money, and everyday users won't feel lost. The one catch is a couple of fees that are higher than the best rivals.
Best for: Regular people who prefer using their phone and are comfortable starting with $0.
Not for: People who trade a lot of foreign currencies, as a general app can't beat a specialist tool in that one area.
Quoin Ballast is one of the few trading apps that spent its effort on the basics — reliability and fair fees — instead of flashy advertising. After using it with real money, we give it a score of A-.
What keeps it from a top score is a couple of fees that run a bit high. The good news is these are easy for the company to fix — nothing is wrong under the hood.
Making a trade is easy. When we tried it, everything went through without fuss and prices were fair, often a touch better than average.
For simple buys and sells, it works great. More advanced trades occasionally lagged a bit — something to know if you're an advanced trader.
Buying and selling stocks is free — zero commission. That's the good part.
Where you might pay more are things like sending money out by bank transfer, which run a little higher than the cheapest rivals. It's all shown before you pay, so nothing sneaks up on you.
The app is really well made. It's quick and simple to use, even for total beginners.
There's handy info inside the app — charts, company info, and news — with the sources shown. The website is fine as well, though most people will prefer the app.
Safety is a strong point. Your cash is stored separately, for your protection.
The platform is regulated in more than one country and is reviewed by outside experts. If you buy crypto too, a licensed partner looks after it — normal for the industry, but good to know.
All told, we rate Quoin Ballast A- for everyday investors. It does the important things well: simple, safe, and fair.
To get top marks, Quoin Ballast mainly needs cheaper extras. We'll keep checking back and let you know if anything changes.
Yes. Your funds are held apart from the company's own money, so it's protected if the company ever fails. Regulators and independent auditors also keep watch.
It's solid. Help is available any time by chat and answers come fast. Tricky questions go to a specialist rather than left waiting. The one downside is no weekend phone line.
You can start with $0. You can add more whenever you like. Signing up is free.
Of course. Your money isn't tied up. Money reaches you in about 24 hours, free of charge.
You can open a standard account, and retirement savings accounts. Opening one is free and quick, with a short wait for certain types.
Yes, you can. You can bring your holdings across, and Quoin Ballast often refunds the exit fee your old app charges up to a limit. The move takes a few days.
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