TradeQuo Global Review — Truth About the Broker

We present our tradequo.com review‌ — ‌another look at a Forex/CFD broker that, in our opinion, should not be trusted. The company has even adopted the slogan “Investing Made Easy”, inviting traders to “Step Into the Future With TradeQuo.” To persuade potential clients, the broker highlights its prestigious awards, unlimited leverage, and a high rating supposedly based on trader reviews. In reality, however, we believe the only opportunity offered to clients is to fund their trading accounts and quickly lose their deposits. Some may consider this assessment overly harsh. We believe we have solid reasons for reaching this conclusion, and you will find them explained below.

Quick Overview

• Domain: https://tradequo.com/
• Company Name: TradeQuo Global (multiply companies)
• Year Founded: 2020
• Jurisdiction: Seychelles, South Africa, Commonwealth of Dominica, UAE, Saint Vincent and the Grenadines
• Legal Status: Licensed by Seychelles FSA, authorized FSP by FSCA (South Africa).
• Minimum Deposit: USD 1
• Leverage: Unlimited
• Available Assets: Forex, CFDs on commodities, stocks, indices, crypto
• Trading Platforms: MetaTrader 4/5
• Account Types: Raw, Standard, Zero, Limitless
• Deposit/Withdrawal Methods: Debit/Credit Cards, bank wire transfers, ePayments, crypto

How to Register on the Website

We clearly remember what TradeQuo Global’s official website looked like just a couple of months ago. Since then, it has received a completely redesigned homepage, a new visual style, and now appears far more professional. The content has also been expanded, with more information available across the site — some of it even genuinely useful for traders. While we acknowledge these cosmetic improvements, we are far more interested in the platform’s functionality.

The first thing we evaluated was the account registration process. It turned out to be quite straightforward. The registration form requires only basic contact information (an email address and phone number), the user’s country of residence, and a password. In addition, applicants must accept the broker’s main legal documents and confirm that they are neither U.S. citizens nor U.S. tax residents.

Note: Overall, the process is fairly standard, except that no personal information beyond contact details is requested at this stage. However, the form itself could use some refinement. The input fields respond to mouse clicks and keyboard actions in an unusual way, giving the impression that they were designed primarily for users who write from right to left. While somewhat confusing for everyone else, this is not a major issue.

After submitting the form, users must verify their email address by entering the code received via email or by following the verification link. Once this step is completed, registration is finished, and the trader receives full access to the client area.

Interestingly, TradeQuo is one of the few brokers that appears to follow several industry best practices. For example:

• Clients can use nearly all features of the platform without completing identity verification, except for depositing, withdrawing, and trading.
• The set of personal information and documents required for the KYC procedure contains nothing unnecessary.
• Security measures are reasonably well implemented. Passwords are not sent by email, while two-factor authentication (2FA) and additional protections, such as anti-phishing codes, are available.

Our only serious concern is the absence of dedicated KYC and AML Policies. These documents are not published on the website and are not even incorporated into the Client Agreement.

The lack of a standalone KYC Policy raises questions about the legal basis for collecting and verifying users’ personal data. As for the AML Policy, it has become a standard requirement for virtually every licensed broker. However, cryptocurrency payment methods‌ — ‌which TradeQuo Global actively supports‌ — ‌often require specific anti-money laundering procedures. It appears that this may be one of the reasons why the broker’s owners chose not to publish a separate AML policy at all.

TradeQuo Global Instruments and Platforms

When visiting the TradeQuo Global website for the first time, users who open the Markets menu and see its sections dedicated to different asset classes might reasonably expect to find useful trading information. Unfortunately, they are likely to be disappointed. We have rarely encountered pages that provide so little value. They contain neither lists of available trading instruments nor contract specifications, nor even brief overviews of the respective markets.

Instead, the site’s developers chose to fill these pages with generic promotional content about the supposed advantages of trading with the broker‌ — ‌most of which appear to be little more than marketing claims. From all six pages combined, we were able to extract only a few actual facts:

• The broker offers trading in Forex currency pairs and CFDs on commodities (metals and energy products), stocks, indices, and cryptocurrencies.
• Clients are given access to more than 1,300 tradable instruments.

We will not spend much time discussing the trading platforms offered by TradeQuo Global. As a legally registered company, the broker has officially licensed MetaTrader 4 and MetaTrader 5 from MetaQuotes. By now, most traders are already familiar with the advantages and disadvantages of these platforms, while beginners can freely access the extensive educational materials available on mql5.com.

Account Types Offered

Compared to most offshore brokers, TradeQuo Global stands out in one positive respect: the website discloses almost all key trading parameters. Among modern offshore brokers, this level of transparency is more the exception than the rule, and we were genuinely surprised to see it.

Let’s begin with the available account types. The broker offers four account options, described on the Trading – Account Types page. It should be noted that, for most trading parameters, the differences between them are relatively minor.

The broker offers the following account types:

• Maximum leverage reaches 1:1000 on almost all accounts. The only exception is the Limitless account, which we will discuss separately.
• The minimum trade size is 0.01 standard lots.
• For Forex trading, one standard lot equals 100,000 units of the base currency across all account types.
• The Margin Call and Stop Out levels are set at 100% and 20%, respectively.

The primary differences between the account types concern trading costs, namely spreads and commissions. On the Raw account, spreads on major currency pairs start from 0.1 pips, while the commission is $3 per lot per side (or $6 for a complete round-trip trade). The remaining account types are structured as follows:

• Standard — spreads from 0.4 pips, with no commission.
• Zero — zero spreads (although only during 97% of trading hours), with a commission of $4 per lot per side ($8 per completed trade).
• Limitless — spreads from 0.6 pips, with no commission.

The Limitless account deserves special attention because of its key feature‌ — ‌theoretically unlimited leverage. The broker provides a separate page explaining how this mechanism works. In general, the maximum leverage depends on both the trade size and the specific trading instrument. As it turns out, however, “unlimited” leverage is not truly unlimited. The upper limit is an astonishing 1:10,000,000, but it applies only to extremely small positions. Even at leverage levels well below this maximum, however, a sizable trading account can be completely wiped out in just one or two trades.

In addition to the general account descriptions, TradeQuo Global provides more detailed information on a separate Account Specifications page for each account type. Here, traders can find comprehensive contract specifications for every available trading instrument. Unfortunately, there is one significant omission: the tables do not include swap rates. This effectively undermines the broker’s efforts to provide transparent trading conditions, as without swap information it is impossible to accurately calculate the true cost of trading or estimate the potential profitability of a position. Only traders who exclusively trade intraday and never hold positions overnight can safely ignore this parameter.

In any case, we have serious doubts that anyone can trade profitably with this broker over the long term. Even if a trader starts with a series of successful positions, just a few losing trades while using leverage of 1:1000–1:2000 are virtually guaranteed to wipe out the entire account balance. This applies not only to beginners but also to experienced professionals. At such leverage levels, building any meaningful risk management strategy is simply impossible.

Deposits and Withdrawals

The official TradeQuo Global website provides comprehensive information about deposits and withdrawals. The broker lists around twenty different payment methods, allowing clients to transfer funds using fiat currencies, stablecoins, and various other cryptocurrencies.

The website also specifies the minimum and maximum transaction limits for each payment method, along with the expected processing times. As for fees, the broker claims that both deposits and withdrawals are free of charge, mentioning only standard blockchain network fees for cryptocurrency transactions.

However, we know that this is not entirely accurate. All payment transactions for the project’s companies are processed through a payment agent‌ — ‌Tqbg Ltd, a company registered in Cyprus. This arrangement serves two purposes. First, it conceals the actual recipient of deposit payments and the true sender of withdrawal transfers. Second, the payment agent does not provide its services free of charge, and those costs are ultimately borne by the client.

Considering that this company is part of the overall project structure, it appears that the project’s owners also generate additional revenue from transaction processing fees paid by traders.

TradeQuo Global Legal Status: Legitimate or Not?

The number of red flags we assign to this broker continues to grow. It has already earned them for the absence of an AML Policy, the complete lack of information about the available markets, the failure to fully disclose trading costs, and more. To be honest, it is difficult for us to imagine a properly licensed and fully regulated broker treating its business in this way. At the same time, it would be incorrect to label the project fraudulent without stronger evidence.

Nevertheless, we are dealing with an offshore broker, and we understand that any information provided by companies registered in offshore jurisdictions‌ — ‌no matter how legitimate it may appear‌ — ‌must be independently verified. TradeQuo Global certainly gave us plenty to investigate.

According to the broker itself, the project operates through an entire group of companies:

• Quo Markets LLC — a company registered in Saint Vincent and the Grenadines under registration number 3171 LLC 2024.
• Tradequomarkets Financial Services L.L.C. — a company incorporated in the United Arab Emirates, holding a Category 5 license issued by the Securities and Commodities Authority (SCA) for advisory and promotion services (License No. 20200000320).
• TRADEQUOMARKETS LTD — registered in the Commonwealth of Dominica under registration number 2023/C0024.
• Trade Quo Global Ltd — a company incorporated in the Seychelles, holding a Securities Dealer License No. SD140 issued by the Seychelles Financial Services Authority (FSA).
• Tradequo (PTY) Ltd — a South African company authorized by the FSCA under FSP No. 54827.

There is a reason we placed the Saint Vincent and the Grenadines company first. The Client Agreement accepted by every trader is concluded on behalf of Quo Markets LLC, making it the broker’s principal operating entity.

Our initial verification of the official information took very little time and was successful. The register maintained by the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA) does indeed contain an entry for Quo Markets LLC under registration number 3171. The record was created on April 8, 2023. The slight discrepancy in dates‌ — ‌the broker refers to 2024‌ — ‌is not particularly significant.

What matters much more is that, although Saint Vincent and the Grenadines registers financial service companies, its regulator does not license or supervise Forex/CFD brokers. As a result, in order for its operations to appear legitimate, the broker must obtain licenses in other jurisdictions. As we can see, TradeQuo Global has attempted to do exactly that.

Judging by the terms of its license, the Dubai-based company is not authorized to provide brokerage services. Most likely, it was established solely to lease office space legally in a prestigious location. However, this does not make the broker’s operations any more legitimate. What we are looking for are valid licenses authorizing brokerage activities.

A search of the local business register confirmed that TRADEQUOMARKETS LTD was indeed officially incorporated in the Commonwealth of Dominica in February 2023. The registration number (2023/C0024) and registered address fully match the information published on the TradeQuo Global website.

But what about its license? That is where we encountered an unexpected result.

The license was valid only until April 26, 2026. It has now expired, and the company has not renewed it. Once again, we are faced with a situation where the broker no longer holds a valid authorization to provide its core services.

Interesting fact! The company owns not only the tradequo.com domain but also quomarkets.com. It appears that the project has no hesitation in operating multiple brokerage brands. We visited the second website and found that, at least in terms of trading conditions, it is virtually identical to the subject of our TradeQuo Global review.

Meanwhile, our chances of finding convincing evidence that the project operates legally were becoming increasingly slim. The next stop was the Seychelles Financial Services Authority (FSA).

Finally, we obtained a positive result. The Seychelles FSA has indeed issued a Securities Dealer license to Trade Quuo Global LTD. The slight discrepancy in the company’s name between the regulator’s records and the broker’s website is of little practical importance. The regulator also confirms that the company operates under the trading name TRADE QUO (as well as QuoMarkets) and owns the tradequo.com website.

The final company of interest is the South African entity holding an FSCA license. The Financial Sector Conduct Authority is generally regarded as one of the more reputable offshore regulators, although it is usually not classified as a Tier 1 regulator due to its comparatively less stringent requirements.

Our verification confirmed that Tradequo (PTY) Ltd is indeed an authorized Financial Services Provider (FSP) regulated by the South African FSCA. The company was incorporated in July 2024, received its FSP authorization on May 20, 2025, and is authorized to provide intermediary services (brokerage and dealing) involving shares and derivative financial instruments.

Thus, we can confidently say that only two offshore licenses held by the broker have been verified as valid and active. It is important to clarify, however, that these licenses do not carry a particularly high level of credibility. They are typically obtained by companies that either do not wish to operate under the restrictions imposed by top-tier regulators or, for one reason or another, are unlikely to meet their regulatory standards. At the same time, obtaining licenses in offshore jurisdictions is considerably less expensive, while the requirements imposed by local regulators are significantly less stringent. As we have already seen, this broker offers leverage of up to 1:10,000,000, something that would be impossible under the regulatory frameworks of Europe, the United Kingdom, or Canada.

As for the South African authorization, an FSP license alone is no longer sufficient. Under the Financial Markets Act Regulations, 2018 and Conduct Standard 1 of 2018, companies offering Forex and CFD trading must also obtain an Over-the-Counter Derivative Provider (ODP) license. As we have seen, TradeQuo Global does not hold such a license, which raises questions about the legality of the services it provides.

There are also several other points worth mentioning. The broker claims to be highly reliable and even publishes what it describes as a Proof of Reserves document. According to the document header, it was allegedly issued by one of Dubai’s best-known auditing firms, NBN Group. However, we can confidently state that this document appears to be nothing more than the result of Photoshop editing. A genuine proof-of-reserves report is typically a multi-page document containing detailed audit methodologies, account information, and supporting data. It does not consist of a single page featuring an attractive chart. In our opinion, this appears to be an attempt to mislead prospective clients.

TradeQuo Global’s claims regarding its industry awards are equally questionable. For example, the broker states on its homepage that it received World Finance and Pan Finance awards in 2026. However, the official World Finance Forex Awards 2026 materials do not mention the company at all.

It appears that this approach has contributed to the broker’s poor reputation among industry review platforms. For example, WikiFX assigns the firm a score of only 3.76 out of 10, with analysts citing weak regulatory oversight and a high level of risk for investors.

Company History

We also have quite a few questions about the project’s history. However, let’s begin not with those questions, but with the domain registration date.

According to the WHOIS database, the tradequo.com domain was registered on June 30, 2020. Snapshots available through the Wayback Machine show that by the end of 2021 (no earlier snapshots are available), a fully functional brokerage website was already operating on the domain. At that time, however, it was managed by DVenture Markets Limited, a company incorporated in Saint Vincent and the Grenadines in 2020. All of the broker’s licensed entities, by contrast, were registered and obtained their licenses much later — in the period from 2023 to 2025. This means the project operated for nearly three years without any regulatory authorizations, without even attempting to present itself as a legally licensed brokerage.

Why didn’t the broker obtain licenses earlier? Why did it never attempt to secure authorization from any top-tier regulator? And why is the project still operated by a company incorporated in Saint Vincent and the Grenadines, a jurisdiction that neither licenses nor regulates Forex/CFD brokers?

We believe the answers are fairly straightforward. Having operated without a license, TradeQuo Global appears to have become accustomed to the substantial profits generated from traders’ lost deposits. The owners seem unwilling to give up this business model. That, in our view, explains the large number of red flags and the broker’s typical scam-style approach to its trading conditions.

Assettbroker.com Online Reputation

Interestingly, the broker’s online reputation appears almost flawless at first glance. On Trustpilot, for example, there are currently 175 reviews, with the first tradequo.com review published on September 4, 2023. An astonishing 98% of all reviews are positive.

Can anyone seriously believe that virtually every client has praised the broker for nearly three years? We certainly cannot. A closer look at these reviews makes it fairly obvious that they appear to have been commissioned and, most likely, well paid for.

In contrast, the negative reviews consistently report problems with withdrawals. We are inclined to consider these complaints credible, given everything we have observed about the broker’s operations. As for the relatively small number of negative reviews, the explanation may be quite simple: with leverage this high, many clients never have a chance to request a withdrawal because their deposits are wiped out long before they reach that point.

Pros & Cons

Final Take

Our TradeQuo Global review shows that the broker operates through offshore companies and several offshore licenses. We do not believe these authorizations inspire much confidence. The broker’s staff have done everything possible to reinforce our negative opinion by publishing misleading information, presenting fabricated documents, and encouraging clients to trade under extremely risky conditions. Experienced traders generally avoid dealing with companies that conduct business in this manner.

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