Trade Quo is a brokerage established in Seychelles, mainly providing investors with trading services of financial derivatives such as foreign exchange, precious metals, indices, energy, stocks, and cryptocurrencies. This broker offers four types of accounts, with a maximum leverage of 1:2000, indicating a higher risk for investors during trading.
Corporate Background:
The company entity of Trade Quo is Trade Quo Global Ltd, registered in Seychelles with company number 8430709-1, and its registered address is at 9A CT House, Providence, Mahe, Seychelles. The official domain of Trade Quo was registered on June 30, 2020, marking three years to date.
Regulatory Status:
As introduced on its official website, Trade Quo Global Ltd is regulated by the Seychelles Financial Services Authority (FSA), holding a regulatory license issued by the authority with the regulatory number SD140.
According to the Securities Act 2007 published on the official website of the Seychelles Financial Services Authority FSA, forex trading belongs to the category of Contract for Difference (CFD) products. "International Business Company" authorized by the FSA is not entitled to conduct forex trading. "Securities Dealer" can engage in trading derivatives of forex, commodities, and Contracts for Differences (CFDs). Seychelles aims to become an international financial center in Africa, primarily focusing on offshore financial services. Although it provides a certain level of regulatory protection and regulation, its regulatory standards and supervision intensity are weaker compared to the regulatory bodies of major financial centers such as the United States, the United Kingdom, and EU countries.
Trading Products:
Trade Quo offers a variety of trading products to investors, including foreign exchange, precious metals, indices, energy, stocks, and cryptocurrencies. Investors can buy, sell, speculate, and invest in these markets to diversify their investment portfolios and seek profits. Forex trading involves buying and selling of currency pairs such as EUR/USD and GBP/USD. Precious metals trading involves investing in gold, silver, and platinum through contracts for difference. Indices trading includes popular indexes such as the S&P 500 and the FTSE 100. Energy trading involves crude oil and natural gas, while cryptocurrency trading includes digital currencies such as Bitcoin and Ethereum. Stock trading involves shares of well-known companies such as Amazon and Apple.
Account Types:
Trade Quo offers four types of accounts, including RAW Account, STANDARD Account, ZERO SPREAD Account, and LIMITLESS ∞ Account.
RAW Account
- Maximum Leverage: up to 1:1000
- Commission: $3 per lot (round turn)
- Payment System Fees: Starting from $1, depending on the payment system
- Features: The RAW account type offers very high leverage, up to 1:1000. At the same time, it requires a fixed commission of $3 (round turn) per trade. Fees depend on the chosen payment system, with the starting fee being $1. This type of account is suitable for traders with high demands for commission and leverage.
STANDARD Account
- Maximum Leverage: up to 1:1000
- Commission: $0
- Payment System Fees: Starting from $1, depending on the payment system
- Features: The STANDARD account type offers dynamic maximum leverage, up to 1:1000, with no trading commission charges. Unlike the RAW account, the STANDARD account does not require commission but is still subject to payment system fees, starting from $1. This account type is suitable for traders seeking zero commission trades.
ZERO SPREAD Account
- Maximum Leverage: up to 1:2000
- Commission: $4 per lot (round turn)
- Payment System Fees: Starting from $1, depending on the payment system
- Features: The ZERO SPREAD account type offers very high leverage, up to 1:2000. However, unlike the RAW account, it requires a fixed commission of $4 (round turn) per trade. Payment system fees are the same as for other account types, starting from $1. This account type is suitable for traders seeking high leverage and low spreads.
LIMITLESS ∞ Account
- Maximum Leverage: Unlimited
- Commission: $0
- Payment System Fees: Starting from $1, depending on the payment system
- Features: The LIMITLESS ∞ account type offers unlimited leverage, providing traders with more freedom to manage their funds. Unlike other account types, it does not charge any transaction commission. Similarly, payment system fees still depend on the chosen payment system, starting from $1. This account type is suitable for traders seeking a high degree of freedom and zero commission trades.
Trading Software:
This broker supports the MT5 trading platform, available for download on both PC and mobile devices. MT5 offers a wide range of trading features, including real-time quotes, various chart types, technical analysis tools, custom indicators, etc., meeting the diverse needs of traders. The MT5 trading platform is supported on both PC and mobile devices and can run on various operating systems including Windows, iOS, and Android.
Customer Support:
Users can contact TradeQuo by sending an email to Support@TradeQuo.com or by calling the phone number +248 4373918. The customer service team of TradeQuo will provide the necessary support and solutions to users.
Conclusion:
TradeQuo holds a regulatory license from the Seychelles Financial Services Authority (FSA), but the agency provides offshore regulatory services. Although the broker supports the MT5 trading platform and offers four types of accounts, its maximum leverage ratio of 1:2000 exceeds the range of normal brokerage ratios, posing significant trading risks to investors. Currently, TradeQuo is marked as "Suspected Fraud" on TraderKnows.
