Hi vinoswald,
In PTMP mode, clients share the total bandwidth available in round robin mode. Each client can choose between "Throughput first" or "Latency first", which is one kind of QoS. But there is no strict traffic shaping, clients are served in best effort mode.

If you are in the WISP business, RBs from Mikrotik

I want to know the advantage of MAXtream.

Currentplugin wrote

I want to know the advantage of MAXtream.

http://forum.tp-link.com/showthread.php?78930-Pharos-MAXtream-introduction

Check the sticky thread.

vinoswald wrote

DOes CPE-510 AP to CLient mode supports traffic shaping or QoS

you asked help, viewed the forum but never provided your needs, Mikrotik is expensive and very complex, if your needs are minimum and all you need is Banwidth Control instead of setting Pharos as Client set it as AP-Client Router it has bandwidth control, manual page #40 http://www.tp-link.com/resources/document/CPE510_V1_UG.pdf

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