About TRADEQUO
About TradeQuo
TradeQuo is an online forex and CFD broker founded on 22 January 2021 and headquartered in Seychelles. Its full legal name is Trade Quo Global Ltd, and it currently reports 0 employees. The broker positions itself as a modern investing platform with a focus on education and user-friendly trading conditions.
Regulation and Licensing
TradeQuo holds two licenses: an FSCA Derivatives Trading License (no. 54827) in South Africa, labeled as 'Regulated', and an FSA Derivatives Trading License (no. SD140) in Seychelles, which is classified as 'Offshore Regulation'. The FSCA license provides some oversight, while the FSA license is considered offshore, offering limited investor protection.
Account Types
The broker offers four account tiers, all with a minimum deposit of $1. The RAW account has spreads from 0.1 pips and a $3 commission per side. The STANDARD account has spreads from 0.4 pips and no commission.
The ZERO account advertises zero spreads on major pairs up to 97% of the day, with a $4 commission per side. The LIMITLESS account has spreads from 0.6 pips and no commission. All accounts provide unlimited leverage, though exact maximums are not disclosed.
Platforms and Tradable Instruments
TradeQuo provides the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for their advanced charting tools and automated trading capabilities. The broker offers access to forex, metals, indices, energies, cryptocurrencies, and stocks. The specific number of instruments per asset class is not disclosed.
Deposits and Withdrawals
Funding methods include Skrill, Neteller, VISA, and bank transfer. Withdrawals can be made via VISA, Bitcoin, Ethereum, and bank transfer. The broker emphasizes fast processing, with many users reporting seamless transactions. However, some complaints mention delays.
Fees and Spreads
TradeQuo advertises tight spreads, with the STANDARD account average EUR/USD spread claimed at 0.8 pips. The ZERO account offers spreads as low as 0 pips on major pairs for most of the day. Commission structures vary by account type. No deposit or withdrawal fees are explicitly mentioned in the data.
Target Audience
With a minimum deposit of $1 and flexible account types, TradeQuo is aimed at both beginners and experienced traders. The educational tools and low starting capital make it accessible for newcomers, while the unlimited leverage and competitive spreads appeal to active traders. However, the offshore regulation and occasional withdrawal complaints may make risk-averse traders cautious.
Overview compiled by FXCanary from regulatory records and public data. full TRADEQUO review