Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighHolds a genuine offshore Seychelles Securities Dealer licence and a recent FSCA intermediary authorisation, but the money-taking entity is unregulated and a UAE advisory licence is presented as trading regulation.
Identity & transparency
4/10 · ModerateDiscloses its entities, numbers and addresses, and a real Seychelles office and director are confirmed on the register, though the multi-entity structure conveniently splits licences from the deposit-taking company.
Withdrawals & conduct
6/10 · HighA minority but repeating pattern of blocked withdrawals, forced USDT conversion, requests to deposit more before release and gag-order pressure, across two platforms, amid many working-withdrawal reports.
Reputation
6/10 · HighAn IOSCO alert on the exact domain and multiple not-safe ratings sit under a flood of look-alike five-star reviews that appear incentivised.
Website claims
6/10 · HighAdvisory-only UAE licence marketed as an SCA-licensed broker, and St. Vincent, Cyprus and Dominica registrations presented as regulation when they are not forex trading licences.
Operational history
3/10 · LowGenuine multi-year footprint: group domain tradequo.com since 2020, quomarkets.com since 2022, with thousands of reviews.
Who they are
A quick desk file on the company behind the brand.
- Brand: QuoMarkets (part of the TradeQuo group)
- Legal entity: TRADEQUOMARKETS LTD (Dominica, reg 2023/C0024), with sister entities Trade Quo Global Ltd (Seychelles), TradeQuo (PTY) Ltd (South Africa), Tradequomarkets Financial Services L.L.C (UAE), Quo Markets LLC (St. Vincent) and TQBG Ltd (Cyprus)
- Registered: #8 Jepson Lane, St. George, Goodwill, Commonwealth of Dominica
- Website: quomarkets.com (group site tradequo.com)
- Only genuine trading licence: Seychelles FSA Securities Dealer SD140, an offshore licence held by sister company Trade Quo Global Ltd
- Offers: Forex, metals, indices, energies, crypto, stocks and CFDs, with leverage advertised up to 1:1000-1:2000
- Not accepted: USA, UK, EU/EEA, Canada, Israel, Iran, Iraq, Russia, Cyprus and others
- Age claim: group active since about 2020 (tradequo.com); the quomarkets.com brand since 2022
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Seychelles Financial Services Authority (FSA)
Financial Sector Conduct Authority (FSCA), South Africa
Securities and Commodities Authority (SCA), UAE
Financial Services Unit (FSU), Commonwealth of Dominica
Financial Services Authority (FSA), St. Vincent and the Grenadines
Registrar of Companies, Cyprus
Why we reached this verdict
How the evidence adds up.
We rate QuoMarkets high risk but not a confirmed scam. Here is what we found and why it matters.
- It is genuinely licensed, but only offshore and only in sister entities. We confirmed on the Seychelles FSA register that Trade Quo Global Ltd holds Securities Dealer licence SD140 and that 'QuoMarkets' is listed there as its trade name. We confirmed on the South African FSCA register that TradeQuo (PTY) Ltd is authorised (FSP 54827), but only as a Category I intermediary for derivatives, and only since 20 May 2025. These are weak, recent, low-protection permissions.
- The company that takes your money is unregulated. The client agreement combines Quo Markets LLC (unregulated) with the Seychelles entity. So the strong-looking licences sit in one part of the group while another part holds the deposits.
- The UAE licence is overstated. UAE licence 20200000320 is an Investment Advisory licence. It allows advice and introductions, not running a retail trading book, yet the broker markets it as being an 'SCA licensed broker'.
- Non-financial registrations are dressed up as regulation. The St. Vincent, Cyprus (company number HE438084) and Dominica entries are company or money-service registrations, not forex trading licences. St. Vincent's authority does not license forex at all.
- There is a regulator alert on the exact domain. The IOSCO international investor-alert index carries an entry for quomarkets.com.
- Withdrawal complaints exist under the marketing shine. Against a flood of look-alike five-star reviews, a minority of users on more than one platform describe blocked withdrawals, being pushed to convert to USDT and deposit more before release, and being asked to delete public posts.
Note on operating history: the 6.2-year track record rests on domain registration alone. No company incorporation date could be established, so this is an upper bound rather than a confirmed age.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The domain quomarkets.com was created on 25 October 2022, giving the brand a roughly four-year history.
ModerateVerisign RDAPE2The group domain tradequo.com was created on 30 June 2020, showing the operation has a genuine multi-year footprint rather than being newly launched.
ModerateVerisign RDAPE3The Seychelles FSA Securities Dealer register lists Trade Quo Global Ltd (licence SD140) with the trade names 'TRADE QUO, QuoMarkets', a Providence, Mahe office, and a named director. This confirms QuoMarkets is a genuine licensed group brand, not a clone.
E4The South African FSCA register shows TRADEQUO (PTY) LTD, FSP 54827, status Authorized, as a Category I intermediary for shares and derivative instruments, authorised on 20 May 2025 (company registration 2024/709030/07). It is a real but recent and intermediary-only permission.
E5The UAE licence 20200000320 is an Investment Advisory licence (advice and introductions), yet QuoMarkets markets it as being an SCA-licensed trading broker. That overstates what the licence permits.
E6The client agreement combines Quo Markets LLC (unregulated) with Trade Quo Global (Seychelles), so the entity that actually contracts with and holds funds for many clients is unregulated offshore while the licences sit in sister entities.
E7St. Vincent, Cyprus (company number HE438084) and Dominica entries are company or money-service registrations, not forex trading licences; St. Vincent's authority does not license forex. They are presented alongside the licences as if they were regulation.
E8The IOSCO international investor-alert index carries an entry for the exact domain quomarkets.com, a caution flag from the global aggregator of regulator alerts.
E9Trustpilot carries about 4,028 reviews with roughly 89% five-star, a pattern consistent with incentivised reviews, while a minority of users on Trustpilot and BrokersView describe blocked withdrawals, being pushed to convert to USDT and deposit more before release, and being asked to delete public complaints.
ModerateTrustpilot and BrokersViewE10QuoMarkets advertises leverage up to 1:1000-1:2000 to retail clients, a high-risk feature typical of aggressive offshore brokers.
E11Independent safety assessments rate quomarkets.com as not a safe or trusted choice and note the absence of any top-tier regulator.
The other side
The strongest case in this broker’s favour.
In fairness to QuoMarkets, several things point the other way.
- This is a real, established operation, not a fake. The group domain tradequo.com has existed since 2020 and the broker has thousands of reviews, so it is not a fly-by-night shell.
- The Seychelles regulator's register independently confirms the entity, its licence number, a real Seychelles office and a named director, and it lists 'QuoMarkets' as an official trade name. That rules out the clone pattern we most feared.
- The FSCA authorisation and the UAE licence are genuine records, not invented numbers.
- Many users report smooth deposits, trading and withdrawals over months, and the firm does respond to complaints.
- Offshore licensing and high leverage are legal business choices, not proof of fraud on their own.
What would change this
What we would need to see to revise the verdict.
Our view would move if any of the following turned up.
- Toward safer: the group moving retail clients onto a genuine dealing licence from a strong regulator, or the UAE and marketing pages correctly describing the advisory licence as advice-only.
- Toward safer: the IOSCO/regulator alert on quomarkets.com being withdrawn, and a clean, verifiable record of withdrawals being paid without extra-deposit demands.
- Toward scam: a national regulator publishing a warning naming quomarkets.com for fraud, a clear pattern of clients being told to pay a tax or fee before funds are released, or the Seychelles or FSCA licences being suspended or withdrawn while still advertised.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Seychelles FSA capital markets register (Securities Dealers)
Lists Trade Quo Global Ltd, licence SD140, trade name QuoMarkets
South Africa FSCA authorised FSP search
Search FSP number 54827 to see TradeQuo (PTY) Ltd status and category
IOSCO investor alerts portal
International index that carries an alert entry for quomarkets.com
Frequently asked questions
Quick answers about this broker’s safety.
Is QuoMarkets a scam?
We did not find proof of outright fraud, so we do not call it a confirmed scam. But it is high risk. It relies on weak offshore permissions, the company that holds your money is unregulated, and there are credible withdrawal complaints. Deposit only what you can afford to lose.
Is QuoMarkets regulated?
Only lightly. A sister company holds a genuine but low-tier Seychelles Securities Dealer licence (SD140), and another holds a recent South African FSCA intermediary authorisation. It has no licence from a strong regulator like the FCA, ASIC or CySEC.
What is the UAE SCA licence QuoMarkets advertises?
It is licence 20200000320, an Investment Advisory licence. It allows advice and introductions, not running a retail trading business. Presenting it as a full trading licence overstates what it covers.
Can I get my money out of QuoMarkets?
Many users report normal withdrawals, but a minority describe blocked withdrawals, being told to convert to USDT and deposit more first, and pressure to delete complaints. Test with a small withdrawal before trusting it with larger sums.
Is my money safe with QuoMarkets?
There is limited protection. Your account is likely with an unregulated offshore entity, and offshore Seychelles regulation does not offer the deposit safeguards or compensation schemes that top-tier regulators require.
Is QuoMarkets a clone of another broker?
No. The Seychelles regulator's register lists 'QuoMarkets' as a genuine trade name of Trade Quo Global Ltd, so it is a real group brand, not an impersonator of another firm.
Who owns and operates QuoMarkets?
It is run by the TradeQuo group. The main entity behind quomarkets.com is TRADEQUOMARKETS LTD in Dominica, with sister companies in Seychelles, South Africa, the UAE, St. Vincent and Cyprus.
How old is QuoMarkets?
The group domain tradequo.com dates to 2020 and the quomarkets.com brand to 2022, so it has a genuine multi-year track record. Several of its licences and companies, however, are from 2023 to 2025.
What is a Seychelles FSA Securities Dealer licence worth?
It is a real licence but a low-tier, offshore one. It permits dealing in forex and CFDs but comes with far weaker oversight and client protection than a major regulator, so it should not be read as strong safety.
Is there a regulator warning about QuoMarkets?
Yes. The IOSCO international investor-alert index carries an entry for the exact domain quomarkets.com. That is a signal to be cautious.
Why does QuoMarkets have so many five-star reviews?
The reviews skew heavily to five stars in a pattern that suggests incentivised or coordinated posting. A flood of generic praise is not the same as proof that withdrawals are reliable.
What should I check before depositing with QuoMarkets?
Confirm which legal entity your account is with, read the withdrawal terms, avoid any request to pay a fee or send more crypto to release funds, and make a small test withdrawal first. If in doubt, choose a broker regulated by a top-tier authority.
What we recommend
The practical takeaway from everything above.
Treat QuoMarkets as high risk and protect yourself before depositing.
- Understand that your account is likely with an unregulated offshore entity, so there is little practical recourse if funds are held.
- Do not treat the UAE 'SCA' badge as trading protection. It is an advisory licence.
- If you must try it, deposit only a small amount and test a full withdrawal before adding more.
- Never send additional crypto or pay any 'fee', 'tax' or 'unlock' charge to release a withdrawal. That is the advance-fee pattern.
- If you are already stuck, keep records, raise a chargeback with your card provider, and report to your national regulator.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 25, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.