Qorva Markets

Qorva Markets is an online forex and CFD broker established in 2024, according to our records, though its website claims a founding date of 2018. The broker is registered in the Comoros Union, based in Fomboni on the island of Mohéli. It positions itself as a platform for both novice and experienced traders, offering a range of account types and high leverage options.

The broker's website is live and fully functional, providing access to trading platforms, account management, and educational resources. Qorva Markets reports having over 50,000 traders across more than 10 countries, though these figures cannot be independently verified.

Our review found that Qorva Markets does not hold any known regulatory licences from established financial authorities. The broker is registered in Comoros, a jurisdiction that does not impose stringent regulatory oversight on forex brokers. The website mentions adherence to standards and client fund protection, but no specific regulator is named.

The absence of regulation is a significant factor for traders to consider. Without oversight from a reputable body, clients may have limited recourse in the event of disputes or broker insolvency. The broker's own FAQs and about page do not provide clarity on regulatory licensing.

Qorva Markets offers three live account types: Standard, Raw, and Pro. The Standard account requires a minimum deposit of $100 and offers leverage up to 1:500. The Raw account requires $500 and also offers up to 1:500 leverage, but with spreads starting from 0.0 pips and a commission per lot. The Pro account requires a $10,000 minimum deposit and offers leverage up to 1:1000.

A demo account is also available for practice. The broker states that actual trading conditions may vary based on market conditions, account equity, and regulatory requirements. Account activation typically requires completion of KYC verification within 24 hours.

The broker exclusively offers the MetaTrader 5 (MT5) platform, available for desktop, web, and mobile devices. MT5 is known for its advanced charting, multiple timeframes, and support for automated trading via Expert Advisors (EAs). Qorva Markets claims execution speeds of under 50ms with minimal slippage and no requotes.

The platform supports a wide range of order types and technical indicators. The broker's website emphasises institutional-grade technology and provides a direct link to download MT5.

Qorva Markets advertises over 500 trading instruments, including major and minor forex pairs, commodities, indices, and cryptocurrencies. Leverage is offered up to 1:500 on Standard and Raw accounts, and up to 1:1000 on Pro accounts. The broker's homepage also displays a maximum leverage of 1:2000, which may be available under certain conditions or for specific instruments.

Spread types vary by account: Raw accounts have spreads from 0.0 pips, while Standard accounts have fixed or variable spreads with no commission. The broker provides indicative spreads on its website, but actual spreads depend on market liquidity and volatility.

The broker claims instant deposits and same-day withdrawals, with no hidden fees. Payment methods include bank transfers, credit/debit cards, and possibly e-wallets, though specific methods are not detailed on the main pages. The website states Bank-Grade Security with SSL encryption and PCI DSS compliance to protect financial transactions.

Minimum deposit requirements align with account types: $100 for Standard, $500 for Raw, and $10,000 for Pro. Withdrawal processing times are claimed to be within 24 hours, which is faster than many regulated brokers.