quotatrade

QuotaTrade is a forex and CFD brokerage registered in Sweden, established on April 17, 2020. The company operates through its official website at quotatrade.com, presenting itself as a provider of leveraged trading services to retail clients. Despite its Swedish registration, the broker does not hold any known regulatory licences from major financial authorities, which places it in a high-risk category for traders seeking regulated environments.

As an unregulated entity, QuotaTrade operates without the oversight of bodies such as the Swedish Financial Supervisory Authority (Finansinspektionen) or any other national regulator. This absence of regulatory status means that client funds are not protected by compensation schemes or subject to standard financial conduct rules, a critical factor for traders to consider.

QuotaTrade offers four distinct account tiers, each with substantial minimum deposit requirements. The STANDARD account requires a minimum deposit of $10,000, the GOLD account $50,000, the BUSINESS account $100,000, and the VIP account $250,000. These high entry thresholds indicate that the broker targets well-capitalized traders rather than retail participants with smaller budgets.

The leverage offered varies by account type. The STANDARD and GOLD accounts provide leverage up to 1:200, while the BUSINESS account offers up to 1:300 and the VIP account up to 1:400. Such high leverage levels are generally considered risky, especially in the absence of regulatory restrictions that typically cap leverage at lower ratios (e.g., 1:30 or 1:50 in regulated jurisdictions).

No specific trading instruments are listed in the available records for QuotaTrade. While the broker's name and leverage offerings suggest forex and CFD products, the exact asset classes — such as currency pairs, indices, commodities, or cryptocurrencies — remain undisclosed. This lack of transparency is a notable gap for potential clients evaluating the broker's suitability.

Trading conditions such as spreads, commissions, and execution models are also not specified in the known facts. Without this information, traders cannot assess the cost of trading or the quality of order execution, further obscuring the broker's operational standards.

The absence of regulatory licences is the most significant issue for QuotaTrade. An unregulated broker does not have to adhere to capital adequacy requirements, client money segregation rules, or dispute resolution mechanisms. In the event of a dispute or broker insolvency, clients have no recourse to a financial ombudsman or compensation fund.

FXCanary's Scam Risk Score for QuotaTrade is 51 out of 100, indicating an Elevated risk level. This score reflects the combination of lack of regulation, high minimum deposits, and high leverage offerings. Traders should exercise extreme caution and consider the potential loss of entire capital.

Given the high minimum deposits and leverage, QuotaTrade appears to target experienced, high-net-worth traders who are comfortable with substantial risk and have significant capital to deploy. The broker may appeal to those seeking high leverage without the restrictions imposed by regulated brokers. However, the lack of oversight makes it unsuitable for retail traders prioritizing fund security and regulatory protection.

Beginners or traders with limited capital are unlikely to meet the deposit requirements, and the elevated risk profile would disqualify the broker for conservative investors. Only those fully aware of and willing to accept the risks of trading with an unregulated entity should consider this broker.

QuotaTrade is a Swedish-registered, unregulated forex and CFD broker with high entry barriers and aggressive leverage. The limited publicly available information and absence of regulatory oversight render it a high-risk choice. Traders are strongly advised to conduct thorough due diligence and consider regulated alternatives before engaging with this broker.