Check DSP plugins list in EQ settings window.
Thanks redwing. Now It's got the sound quality to kill for

though there's one issue, the clipping reduction plugin I'm using is taking up way too much resources (28% of the CPU and 200 Mb's of physical memory) it's working for now but I can't continue using it. Can anyone recommend me a plugin that takes less resources ? and preferably free

On another note, developers should take a note at the difference of the quality of sound VST plugin's have produced. Shouldn't this functionality/quality be native to the program? especially noise/distortion issue needs to be addressed with great priority in my opinion.