MetaTrader 5
MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.
Details
Is QuoMarkets a scam?
Wikilix independent safety report
58%Scam risk
High risk (unverified)Confidence: MEDIUM
2.5/5Safety rating 2.5 out of 5
QuoMarkets is a real, working offshore broker, not a clone, but it is high risk: its trading business runs on weak offshore and advice-only permissions while the company that actually holds client mo…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Regulation7/10 · HighIdentity & transparency4/10 · ModerateWithdrawals & conduct6/10 · HighReputation6/10 · HighWebsite claims6/10 · HighOperational history3/10 · Low
Editorial review
Broker Summary
What Wikilix has recorded about QuoMarkets: its history, the licences it holds, its trading conditions and its fees.
Introduction
QuoMarkets positions itself as an essential resource for both novice and experienced investors by offering an advanced, reliable, and accessible trading platform. While there is little public information available about the company’s founding year or other details such as ownership and headquarters, QuoMarkets promotes itself as an investing platform that supports users from all socio-economic backgrounds and encourages them to invest with as little as $1.
Although historical details about QuoMarkets remain limited, the company's primary philosophy is to provide equal opportunity to all traders by offering tools that empower trader development and diversification through a wide variety of investment options.
Key Features and Offerings
Access to Diversified Markets
The QuoMarkets platform provides access to a diverse array of 350+ assets, including CFDs on stocks, cryptocurrencies (over 25), foreign currency pairs, indices, and commodities. The platform allows traders to invest in different types of asset classes on a single platform. Traders' investment strategies can vary widely, so there are numerous trading preferences on the QuoMarkets platform.
Innovative Technology
QuoMarkets has incorporated MetaTrader 5 (MT5) as a leading multi-asset trading platform, with advanced charting capabilities, extensive technical analysis tools, automated trading through robots and signals, and an integrated calendar of upcoming economic events and financial news. The QuoMarkets platform provides a personalized Member Area with customizable widgets, a notification system, and a night/day mode.
Trader Support and Business Solutions
QuoMarkets provides multiple support channels through its integration with in-app chat, email, and ticketing systems. In addition to retail traders, QuoMarkets also provides business support through proprietary trading platform solutions, a client portal, and back-office software solutions designed for institutional clients/partners.
Regulatory and Compliance
Regulatory transparency is highly important to traders selecting brokerage services. As a regulated trading platform, QuoMarkets states that it is registered and licensed to operate by the Securities and Commodities Authority (SCA) of the UAE. However, the company has not provided particular license numbers or regulatory authorities in other jurisdictions on its website. QuoMarkets also includes disclaimers on its website noting that it does not allow customers in certain jurisdictions and that it operates under reverse solicitation.
Regulator | License Number | Status |
|---|---|---|
Securities and Commodities Authority (SCA), UAE | Limited information available | Registered and authorized |
Trading Conditions and Platform Technology
Account Types and Trading Specifications
QuoMarkets offers three main account types designed to suit different trading styles and preferences. All accounts support both live and demo trading, with base currencies including USD, EUR, and JPY. The platform allows trading from any device globally, supporting hedging, expert advisors (EAs), and pending orders.
Account Type | Spread on Majors | Commission | Minimum Deposit | Other Notes |
|---|---|---|---|---|
STANDARD | As low as 0.4 pip | $0 | Starts from $1 (depends on payment system) | – |
ZERO | Not specified | $4 per side | Starts from $1 (depends on payment system) | – |
LIMITLESS ∞ | As low as 0.6 pip | $0 | Starts from $1 (depends on payment system) | Hedging margin*, MT5 only |
Platform Technology
MetaTrader 5 (MT5) is the primary trading platform at QuoMarkets. The MT5 platform has a reputation as an excellent platform for trading multiple asset classes. It supports advanced charting and technical analysis, as well as automated trading via Expert Advisors (EAs) and trading signals. Moreover, the MT5 trading platform allows users to trade on a variety of devices, including PCs, Macs, mobile devices, and tablets.
Furthermore, QuoMarkets provides traders with a unique Member Area that offers account management tools, allows them to customize their trader interface, and sends real-time alerts for their trading accounts. Additionally, QuoMarkets provides an economic calendar and relevant financial information to help traders stay informed about upcoming events that may influence their trading.
Fees associated with trading with QuoMarkets:
QuoMarkets has established a clear, transparent fee structure and does not charge deposit, withdrawal, or inactivity fees. Each account type at QuoMarkets has different commission charges; the Standard and Limitless∞ account types have zero commissions, while the Zero account has a commission of $4 on each "side" of the trade (i.e., $4 for the "buy" and $4 for the "sell" portions of the trade).
The initial deposit amount required to open a trading account with QuoMarkets are $1.00. However, this minimum deposit amount may vary depending on the trader's payment method. QuoMarkets also offers instant withdrawals with no hidden fees, so traders can trade more effectively at an affordable price.
Fee Type | Details |
|---|---|
Deposit Fees | No deposit fees listed |
Withdrawal Fees | No withdrawal fees listed |
Inactivity Fees | None specified |
Commission | · Standard: $0 · Zero: $4 per side · Limitless ∞: $0 |
Minimum Deposit | Starts from $1 (varies by payment system) |
User Experience and Market Reputation
Though the QuoMarkets review process does not include independent sources, reviews available on the platform itself praise the broker for its simple-to-use user interface and for offering tight spreads and low commissions compared to other brokers. QuoMarkets also provides MT5 integration and a member area, allowing for a flexible, tailored trading experience.
Some external sources have raised concerns about the broker's safety and legitimacy, but to date no definitive conclusions have been reached regarding QuoMarkets. QuoMarkets appears to be positioning itself for a greater focus on accessibility and user support by providing in-app chat support and ticketing systems to help traders.
Recent Developments
The amount of publicly available information regarding QuoMarkets' recent developments (as of October 2023) is limited. No new features, partnerships, or regulatory changes have been reported on the QuoMarkets website.
All traders interested in following QuoMarkets' developments are encouraged to continue checking the company's official website and support channels for updates.
Conclusion
QuoMarkets is a trading platform designed for ease of use by a broad range of investors, with low minimum deposit limits, numerous market options, and integration with the advanced trading platform MetaTrader 5, providing an extensive trading environment for CFDs, forex, cryptocurrency, etc.
While information about QuoMarkets' corporate background and regulatory status remains limited, the platform has demonstrated progress in increasing transparency concerning its fees and customer service. For those seeking an accessible entry point and a broad selection of instruments, QuoMarkets stands out as a strong contender among entry-level brokers.
Regulation check
Regulatory Licenses
We have not confirmed any regulation for QuoMarkets. Money deposited with an unregulated broker is protected only by the company itself.
No regulation
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for QuoMarkets. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Trading accounts
Account Types
4 account types on record. Leverage up to 1:1000.
4 account types
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| Standard | Not recorded | 1:1000 | Commission-free execution |
| RAWECN | Not recorded | 1:1000 | Fixed per-lot commissions |
| Zero SpreadECN | Not recorded | 1:1000 | Not specified |
| Swap-Free | Not recorded | Not recorded | 0$ |
Deposits & withdrawals
Funding Methods
4 ways to fund an account. 2 credit instantly.
4 methods
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Credit/Debit Cards (VISA/Mastercard)Credit CardExact fees, min/max amounts, and currency support are published only inside the Personal Area and vary by region. Officially no broker fees but third-party fees may apply. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Instant |
Bank Transfers / Bank WireBank TransferExact min/max amounts and fees are only available in the Personal Area. Withdrawal fee of $30 reported by third-party reviewers but denied officially. | Not recorded | USD 30 | Not recorded | Not recordedNot recorded | Up to 3 days |
E-wallets (Neteller, Skrill, Dragonpay, FasaPay)E-WalletLocal e-wallet processors availability depends on region. Exact fees and limits are published only inside the Personal Area. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Instant |
CryptocurrenciesCryptocurrencyAvailability and fees vary by region and are not officially detailed; users must verify in Personal Area or with support. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Not recorded |
Trading software
Trading Platforms
One trading platform on record: MetaTrader 5.
1 platform
Websites
Global Domains
3 domains on record. All active and served over HTTPS.
3 domains
Company registry check
Company Registration
The operating company is Trade Quo Global Ltd. Registered in Seychelles. Registration number 8430709-1.
Confirmed on licence register
- Legal entity
- Trade Quo Global Ltd
- Registration number
- 8430709-1
- Jurisdiction
- Seychelles
- Registry
- Seychelles FSA (Securities Dealer register)
- Registered address
- CT House, Office 1C, Providence, Mahe, Seychelles
Peer comparison
Brokers worth comparing
3 other brokers on the record share what QuoMarkets offers — its country, regulator, account types or platforms — set beside it on the same measures.
3 peers
QuoMarkets
This recordUnited Arab Emirates · since 2020Wikilix score 20.0RegulationNo RegulationMax leverage1:1000Platforms1LicencesNot recordedCorex Market
United Arab Emirates · since 2023· Corex financing broker LLC.Wikilix score 32.0RegulationRegulatedFinCENMax leverage1:500Platforms1Licences1Taurex
Seychelles · since 2017· Taurex Global LimitedWikilix score 20.0RegulationRegulatedFCAMax leverage1:2000Platforms3Licences3FP Markets
Seychelles · since 2005· First Prudential Markets LimitedWikilix score 20.0RegulationRegulatedASICMax leverage1:500Platforms3Licences5
Frequently Asked Questions
Frequently Asked Questions
Common questions about QuoMarkets
Most Popular Questions
QuoMarkets officially states no broker fees for withdrawals, but some users report fees charged by intermediaries or processors, such as a $30 fee for bank wire withdrawals. Exact fees and limits are available only inside the Personal Area.
QuoMarkets offers a maximum leverage of up to 1000. This high leverage level allows for significant position sizes relative to the account balance.
QuoMarkets supports deposits and withdrawals via credit/debit cards, bank transfers, e-wallets, and cryptocurrencies. Processing times vary from instant for cards and e-wallets to several days for bank transfers. Some third-party fees may apply, although the broker officially claims no fees.
The minimum deposit amount at QuoMarkets is 1 USD. This low entry threshold applies to their trading accounts.
QuoMarkets offers the MetaTrader 5 platform, which is a multi-asset trading software supporting desktop use. MT5 provides advanced analytics, faster execution, and algorithmic trading tools.
QuoMarkets does not have clear regulatory information available and is listed as having no regulation. Limited licensing details are provided, and no official regulator is specified. Users should consider this when evaluating safety.
Comments
Share your thoughts and experiences with QuoMarkets