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Contract reading

What TRADEQUO legally published, but does not want you to read

Every clause below is published by TRADEQUO itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: Quo Markets LLC

marketing contradictionsole discretionbonus lockcountry restrictionforum waiveraccount closurecomplaint windowdeemed acceptancehidden feeprofit voiding

TradeQuo's website promises negative balance protection, zero fees and instant withdrawals. The contract you accept promises none of the three. You contract with Quo Markets LLC in Saint Vincent and the Grenadines, not with the licensed companies the site advertises. You get three working days to dispute a trade, while TradeQuo can bring claims against you with no time limit.

Back to TRADEQUO

Contract risk

Money at risk
8.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
7
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
18
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
12
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
8

How the 18 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical7
Warning10
Notice1

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

2 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical10 daysIn the contract. Jump to the clause this comes from.Negative balance protection promised, then contracted awayCritical3 working daysTime to complain. Jump to the clause this comes from.Three working days to complain, and silence counts as agreement30 daysDocument deadline. Jump to the clause this comes from.Document deadline ends in an account archived for good100 daysFee on an unused account. Jump to the clause this comes from.Dormant accounts under ten dollars are deleted for good

What the documents say

18 clauses worth knowing about, worst first, each quoted from TRADEQUO's own files

01

TradeQuo's about page says you never owe more than you deposit. Clause 4.3(e) says the opposite: if your account goes negative, you pay in your own money to bring it to zero within 10 calendar days.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

A fast market move can leave you owing TradeQuo money after your deposit is gone. You would have 10 calendar days to find it, and clause 8.2.3 lets TradeQuo demand the shortfall.

Exhibit 1CriticalHarder than usual10 days

in the event there is a negative balance on his trading account, Client is entitled to depositing his own funds to bring account to zero within 10 (ten) calendar days on Company's requirement.
Clause 4.3(e) in Client Agreement, p.7
Read from the broker's site on Archived copyOpen the reference
Our own capture of tradequo.com, taken on Aug 30, 2026The claim, on English about page, Trade with Confidence sectionVisit this page on the broker's siteDownload the full size image file
Our own capture of framerusercontent.com, taken on Aug 30, 2026What the contract says, clause 4.3(e)Visit this page on the broker's siteDownload the full size image file

What it costsYou deposit $1,000 and a gap takes the account to minus $400. The website says you owe nothing. Clause 4.3(e) says you pay the $400 within 10 calendar days.

Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms licensed by the FCA and CySEC, and firms applying ESMA rules, must give retail clients negative balance protection, so a retail client cannot lose more than the money in the account. This contract requires you to top the account back up on request.

TRADEQUO is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

02

TradeQuo publishes its pages in 17 languages, one of them Ukrainian. Its own Restricted Jurisdictions document names Ukraine first among the countries the website is not meant to reach.

Why this matters

If you opened an account from Ukraine after reading the Ukrainian pages, TradeQuo can point at this document and say you were never eligible. That argument arrives when you ask for your money, not when you deposit it.

Exhibit 2CriticalHarder than usual17

Regional Restrictions: This website including the information and materials contained in it, is not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of the following countries: Ukraine, USA, Israel, Iran, Iraq, Canada, Russia, Afghanistan, Cuba, Eritrea, Liberia, Libya, Somalia, Sudan and Syria or any jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation.
Quoted in Restricted Jurisdictions, p.2
Read from the broker's site on Open the reference
Our own capture of tradequo.com, taken on Aug 30, 2026The claim, on Ukrainian about page, a full translation of the site for a country the contract restrictsVisit this page on the broker's siteDownload the full size image file
Our own capture of framerusercontent.com, taken on Aug 30, 2026What the contract saysVisit this page on the broker's siteDownload the full size image file
03

TradeQuo advertises zero deposit and withdrawal fees and no hidden fees. Clause 5.19 removes any duty to tell you what it charged you, and clause 5.14 puts every transfer charge on you.

In plain words

Remuneration means payments it receives.

Why this matters

TradeQuo can take money from your balance under clause 5.18 without asking first, and nothing in the contract makes it tell you the amount or the reason.

Exhibit 3CriticalRarely seen

The Company is not obliged to disclose or provide information to the Client about fees or other remuneration, and other expenses incurred by the Company from the trading or non-trading transaction of the Client.
Clause 5.19 in Client Agreement, p.10
Read from the broker's site on Archived copyOpen the reference
Our own capture of tradequo.com, taken on Aug 30, 2026The claim, on English about page, Instant, Secure Funding with Zero Cost sectionVisit this page on the broker's siteDownload the full size image file
Our own capture of framerusercontent.com, taken on Aug 30, 2026What the contract says, clause 5.19Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must disclose costs and charges to a retail client before that client trades. This contract states that TradeQuo is not obliged to disclose them at all.

TRADEQUO is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingMost agreements set out a fee schedule or point to one. A clause that positively releases the firm from any duty to disclose what it charged is different: it makes the cost of your account unknowable from the contract itself.

  • Worse together with Exhibit 8One clause sets the exchange rate at TradeQuo's own discretion and the other removes the duty to tell you what that rate cost you.
04

The deposits page says you can withdraw instantly whenever you wish. Clause 5.13 gives TradeQuo the shortest reasonable time instead, which is not a deadline, and clause 5.6.3 lets it choose the method and currency you are paid in.

Why this matters

No date in this contract is the day your money has to arrive. TradeQuo can also reject the payout route you chose and tell you to start again with a different one.

Exhibit 4CriticalHarder than usual

All requests for funds withdrawals from the trading account of the Client shall be performed by the Company within the shortest reasonable time.
Clause 5.13 in Client Agreement, p.9
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Our own capture of tradequo.com, taken on Aug 30, 2026The claim, on English deposits and withdrawals page, opening paragraphVisit this page on the broker's siteDownload the full size image file
Our own capture of framerusercontent.com, taken on Aug 30, 2026What the contract says, clause 5.13Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must pay client money promptly on request and must be able to show why a payment was delayed. This contract sets no outer limit on how long a withdrawal may take.

TRADEQUO is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 9A document request suspends withdrawals under clause 6.9, and the withdrawal clock has no limit to begin with.
05

If TradeQuo decides you broke the agreement, clause 12.5 caps what it returns at your deposits minus your withdrawals. Anything you earned above that is debited from the account and, in the contract's own words, never recovered.

Why this matters

Years of profit can be cut back to the sum you paid in, and the decision that you breached the agreement is TradeQuo's own. The clause needs no court and no outside review.

Exhibit 5CriticalRarely seen

Company shall recover the funds remaining on Client’s account to Client or his/her duly authorized representative, but these funds shall not exceed net receipt of funds (the amount of all deposit with deduction of all withdrawals) on accounts of Client. Upon that, Company shall debit remains of funds on Client's account and won't recover these funds further.
Clause 12.5 in Client Agreement, p.18
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Our own capture of framerusercontent.com, taken on Aug 30, 2026On termination you get deposits back, and the rest is debited (clause 12.5)Visit this page on the broker's siteDownload the full size image file

Our readingMany agreements let a firm close an account for breach. This one fixes the payout at net deposits and then states that the remaining balance is debited and will not be recovered, which turns termination into a cap on your earnings.

  • Worse together with Exhibit 6The bonus terms let TradeQuo void your trades on suspicion, and this clause then limits what is left to hand back to your net deposits.
06

Clause 10.3.1 gives you three working days to complain about a trade. The clock starts the day the problem happened, not the day you noticed it. Miss it and clause 10.3.3 treats your silence as agreement.

Why this matters

A wrong price you spot a week later can no longer be disputed. Clause 8.3 gives TradeQuo the opposite deal: it can bring claims against you within any timeframe.

Exhibit 7CriticalHarder than usual3 working days

The claim, submission of which is based on the relation of the Parties in regards to performance of trading transactions in exchange markets, shall be submitted by the Client within three working days from the date of appearance of ground for submission of such claim.
Clause 10.3.1 in Client Agreement, p.15
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Our own capture of framerusercontent.com, taken on Aug 30, 2026Three working days to complain, and silence counts as agreement (clause 10.3.1)Visit this page on the broker's siteDownload the full size image file
Our own capture of tradequo.com, taken on Aug 30, 2026The claim, on English about page, Trade with Confidence sectionVisit this page on the broker's siteDownload the full size image file
Our own capture of framerusercontent.com, taken on Aug 30, 2026What the contract says, clause 7.3Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must accept complaints and handle them within set periods, and clients keep the right to complain for years rather than days. This contract closes the window after three working days.

TRADEQUO is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
3 working daysYour deadline passes for complaining about anything to do with a trade.10.3.1
10 working daysYour deadline passes for complaining about a deposit, a withdrawal or any other non-trading matter.10.3.2
After the deadlineTradeQuo treats your silence as confirmation that you agreed with what it did.10.3.3
  • Worse together with Exhibit 10You have three working days to build a complaint, and TradeQuo's own server log is the main evidence you would argue against.

Suspicion is enough to void every trade on the account

Clause 6.1 of both TradeQuo bonus documents lets the firm void all transactions carried out, with any profits or losses earned, on any indication or suspicion of abuse. Clause 12.5 of the client agreement then caps what comes back to you at your deposits minus your withdrawals, and debits the rest. Clause 17 of the risk disclosure separately lets TradeQuo modify the financial result of a trade after a quote failure it does not define.

Profit at risk1 clause flagged

Both bonus documents say that where TradeQuo has any indication or suspicion of arbitrage, abuse or manipulation, it may void all transactions carried out, with any profits or losses earned. Suspicion is the whole test.

Why this matters

You do not have to be shown to have done anything. A suspicion is enough to erase your trading history on the account, including profit made long before whatever raised it.

Exhibit 6CriticalRarely seen

The Client acknowledges that where the Company has any indication or suspicion of any form of arbitrage, abuse, fraud, manipulation, cash-back arbitrage connected to a Trading Account or any other forms of deceitful or fraudulent activity, then the Company reserves the right at its sole discretion to:
Clause 6.1 in $50/$100 Deposit Bonus Terms and Conditions, p.4
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Our own capture of framerusercontent.com, taken on Aug 30, 2026Suspicion alone lets TradeQuo void every trade you made (clause 6.1)Visit this page on the broker's siteDownload the full size image file

Our readingBonus terms commonly let a firm cancel the bonus and the profit made with it. This clause reaches every transaction on the account and rests on suspicion rather than a finding, so the trigger and the scope are both set by the firm alone.

The website makes three promises the contract withdraws

TradeQuo's about page promises negative balance protection, zero fees and fully segregated funds. Clause 4.3(e) of the client agreement gives you 10 calendar days to pay off a negative balance, clause 5.19 removes any duty to disclose fees, and clause 7.3 says you may have no claim on any specific sum if the holder of your money fails. The same promises run in 17 languages, including Ukrainian, a country the Restricted Jurisdictions document bars.

Language arbitrage1 clause flagged

TradeQuo lists Proof of Reserves among the terms you agree to, and shows it as a trust badge on its partner page. The document is two pages holding a title and the date March 21, 2025. It contains no reserves, no figures and no auditor.

Why this matters

Proof of reserves is meant to show that client money is actually there. This file shows nothing, and the only date in it is over a year old.

Exhibit 15WarningRarely seen

March 21, 2025
Quoted in Proof of Reserves, p.2
Read from the broker's site on Open the reference

Our readingA published document that carries its own title and nothing else is unusual. The name does the work of an assurance report while the file contains none of the balances or attestation such a report is made of.

TradeQuo does not have to tell you what it charged you

Clause 5.19 of the TradeQuo client agreement removes any duty to tell you about fees, remuneration or expenses. Clause 5.14 puts every transfer charge on you, and clause 5.18 lets TradeQuo take the money from your balance without asking. Clause 5.5 then converts your deposits at TradeQuo's own exchange rate and declares outside rate comparisons unauthorized.

Cost disclosure1 clause flagged

Clause 5.5 converts your money at TradeQuo's internal exchange rate, set at its own discretion, and declares any reference to rates from other sources unauthorized. The abuse policy separately tells you TradeQuo adds no markup.

Why this matters

Every deposit in a currency other than your account currency passes through a rate you cannot check against the market. The two documents disagree about whether that rate carries a markup.

Exhibit 8WarningHarder than usual

Internal exchange rates of the Company are set at the discretion of the Company depending on market situation, market volatility and other external and internal factors, any references to exchange rates in other sources are unauthorized.
Clause 5.5 in Client Agreement, p.8
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What it costsA rate one percent away from the market costs $10 on a $1,000 deposit. Clause 5.5 says you may not cite another source to show that it was.

Withdrawing anything cancels the bonus you were trading on

Clause 3.11 of the TradeQuo bonus terms removes the bonus in full on any withdrawal or transfer out, and TradeQuo accepts no liability for the stop out that may follow. Clause 1.1 excludes Asia, Latin America and the Middle East, which is where most of the payment methods on the deposits page operate. The $50/$100 scheme is limited to one account per IP address.

Bonus conditions1 clause flagged

Any withdrawal or transfer out of the account removes the bonus in full. Both bonus schemes also exclude Asia, Latin America and the Middle East, which is where most of the payment methods on the deposits page operate.

Why this matters

Taking any money out cancels the credit you were trading on, which can push open positions into a stop out. The $50/$100 bonus is also limited to one account per IP address.

Exhibit 13WarningHarder than usual1

Any withdrawal or transfer out of funds from the trading account is subject to a full bonus removal.
Clause 3.11 in $50/$100 Deposit Bonus Terms and Conditions, p.3
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  • Worse together with Exhibit 6A shared home connection reads as a suspicion of multiple accounts, and suspicion is all the bonus terms need to void your trades.

Terms can change tomorrow on an hour of website notice

Clause 12.2 lets TradeQuo amend the agreement alone, effective the next calendar day, and treats any trade you place as unconditional acceptance. Clause 3.5 counts a website announcement as received by you one hour after it goes up. None of TradeQuo's ten legal documents carries a version number or an effective date, and its two published lists of restricted countries do not match.

Changing terms2 clauses flagged

Clause 12.2 lets TradeQuo change the agreement on its own, effective the following calendar day. Clause 3.5 treats a notice as received by you one hour after it is posted on the website, and placing any trade counts as unconditional acceptance.

Why this matters

You can be bound by terms you never saw, because the notice was a website post and you were counted as having read it an hour later. None of the ten documents carries a version number or an effective date.

Exhibit 12WarningHarder than usual

Any changes and additions hereto shall become effective on the following calendar day after notification the Client about it, unless otherwise is set forth within the content of such changes and additions or within the content of the notice thereof. Conduction of any trade or non-trading operation by the Client means unconditional acceptance of this Agreement by the Client.
Clause 12.2 in Client Agreement, p.17
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The Restricted Jurisdictions document bars Ukraine, Canada and Sudan. The list in the website footer leaves all three out and adds Cyprus instead. Both are published by TradeQuo, and they disagree about who may open an account.

Why this matters

A Canadian reading the footer sees nothing to stop them. The document behind the legal page says the site was never meant for them, and that document is the one attached to your agreement.

Exhibit 16WarningHarder than usual

is not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of the following countries: Ukraine, USA, Israel, Iran, Iraq, Canada, Russia, Afghanistan, Cuba, Eritrea, Liberia, Libya, Somalia, Sudan and Syria
Quoted in Restricted Jurisdictions, p.2
Read from the broker's site on Open the reference
Our own capture of tradequo.com, taken on Aug 30, 2026The claim, on Website footer on the legal documents pageVisit this page on the broker's siteDownload the full size image file
Our own capture of framerusercontent.com, taken on Aug 30, 2026What the contract saysVisit this page on the broker's siteDownload the full size image file

Three working days for you, unlimited time for TradeQuo

Clause 10.3.1 of the TradeQuo client agreement gives you three working days to complain about a trade, counted from the day the problem happened rather than the day you noticed. Clause 10.3.3 then treats your silence as agreement. Clause 8.3 lets TradeQuo bring claims against you within any timeframe, and clause 13.2 lets it disclose your information if you complain in public.

Complaint window1 clause flagged

Clause 13.2 lets TradeQuo disclose information it holds about you if you make a claim against it through publicly available resources. Clause 10.5 separately says complaints posted on public internet resources will not be considered.

Why this matters

Posting about a dispute gets your complaint rejected under one clause and opens your personal information under another. Clause 10.12 then makes TradeQuo's own server log the main evidence.

Exhibit 10WarningRarely seen

In the event of the Client making a claim against the Company via publicly available resources, the Company reserves the right to disclose obtained information about the Client to fully and objectively review the situation.
Clause 13.2 in Client Agreement, p.19
Read from the broker's site on Archived copyOpen the reference

Our readingConfidentiality clauses normally protect the client. This one turns on the client: a public complaint becomes the event that permits disclosure of their information, which raises the cost of complaining anywhere the firm cannot control.

Miss the document deadline and the account is archived for good

TradeQuo can demand notarised copies, six months of bank statements and a photo of you holding your ID. Clause 6.8 gives you fifteen working days while clause 6.10 says 15 calendar days, and the shorter one freezes your assets and closes your open positions. At 30 calendar days clause 6.11 ends the agreement and archives the account irreversibly.

Document demands1 clause flagged

TradeQuo can ask for any document it likes, including a notarised copy and a photo of you holding your ID. Miss the deadline and your trades are closed and your assets frozen. At 30 calendar days the agreement ends and the account is archived irreversibly.

Why this matters

The contract states your deadline twice and differently each time: clause 6.8 says fifteen working days, clause 6.10 says 15 calendar days. Those are not the same date, and the shorter one freezes your money.

Exhibit 9WarningHarder than usual30 days

The Client should provide documents requested by the Company within fifteen working days of receipt of the relevant request, as well as meet the following requirements:
Clause 6.8 in Client Agreement, p.11
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What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
15 working daysYou must send every document TradeQuo asked for.6.8
15 calendar daysTradeQuo can suspend the account, close your open positions at market prices and freeze all your assets.6.10
30 calendar daysThe agreement ends. TradeQuo can block your funds, cancel your trades and archive the account with no way back.6.11

The conflicts policy never says who takes your other side

TradeQuo's conflicts policy runs to nine pages on staff share dealing and inside information, and never states whether TradeQuo is the counterparty to your trades. It names the test, that the firm may gain at the expense of the client, without answering it. The copy trading terms do disclose that TradeQuo may pay the traders you copy, and that fees can change at its sole discretion.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Whose side1 clause flagged

TradeQuo's conflicts policy runs to nine pages about staff share dealing and inside information. It never says whether TradeQuo is the counterparty to your trades, which is the one conflict that decides whether it gains when you lose.

Why this matters

You cannot tell from this document whether your losses are TradeQuo's revenue. The copy trading terms do disclose one conflict: TradeQuo may pay the traders you choose to copy.

Exhibit 14WarningHarder than usual

The Company or a relevant person is likely to make a financial gain, or avoid a financial loss, at the expense of the client;
Clause 2 in Conflicts of Interest Policy, p.4
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Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must tell a retail client when they deal as principal against that client, because the firm then profits from the client's loss. This policy sets out the test and does not answer it.

TRADEQUO is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

A quiet account can be deleted after 100 days

Clause 5.20 lets TradeQuo take back every bonus and prize after 30 calendar days without a trade. Clause 12.4 lets it block and archive the account at 90 days, gives you ten days to ask for it back, and lets it delete accounts dormant for 100 days holding under $10 with no possibility of recovery.

In plain words

Dormancy means an account left unused.

Dormancy1 clause flagged

Stop trading for 30 days and TradeQuo can take back every bonus and prize on the account. At 90 days it can block and archive it. At 100 days, if under $10 is left, it can delete the account with no way to recover it.

Why this matters

You get ten days after the block to contact support, and the contract does not say TradeQuo has to warn you before the clock starts. A small leftover balance can disappear.

Exhibit 11WarningHarder than usual100 days

Trading accounts that have remained dormant within one hundred or more consecutive calendar days and having remains of funds under 10 (ten) USD or an equivalent in account currency can be removed by Company without a possibility of recovery.
Clause 12.4 in Client Agreement, p.18
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What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
30 calendar daysTradeQuo can take back every bonus, payment, prize and credit on the account.5.20
90 calendar daysTradeQuo can block the account and move it to archive, and your login stops working.12.4
10 days after blockingYou must contact the helpdesk to ask for the account back, then wait three working days.12.4
100 days dormant and under $10TradeQuo can remove the account with no possibility of recovery.12.4

The company you sign with holds none of the advertised licences

All ten TradeQuo legal documents name Quo Markets LLC of Saint Vincent and the Grenadines, described as registered under FSA: 3171 LLC 2024. The about page advertises licences in the UAE, the Seychelles and South Africa, held by other companies in the group that are not party to your agreement. The agreement adds that the Cyprus payment company does not engage in any regulated activities, and no compensation scheme is named anywhere in the document set.

Who you contract with1 clause flagged

TradeQuo advertises licences in the UAE, the Seychelles and South Africa. Every one of the ten legal documents names a different company: Quo Markets LLC of Saint Vincent and the Grenadines, described as registered rather than licensed.

Why this matters

The regulators named in the marketing do not supervise the company you are contracting with. The agreement also states that the Cyprus payment company does not engage in any regulated activities.

Exhibit 18WarningHarder than usual

TradeQuo is the trading name of Quo Markets LLC, registered with Financial Services Authority FSA: 3171 LLC 2024. Registered address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, SVG (Company).
Quoted in Client Agreement, p.2
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Our own capture of tradequo.com, taken on Aug 30, 2026The claim, on English about page, Trade with Confidence sectionVisit this page on the broker's siteDownload the full size image file
Our own capture of framerusercontent.com, taken on Aug 30, 2026What the contract saysVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus), FSCA (South Africa)

Firms licensed by the FCA, CySEC or the FSCA must make clear which entity the client contracts with and which regulator supervises it. Here the marketing names four countries while the agreement names one company in a fifth.

TRADEQUO is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Two governing laws, one distant court

Clause 11 of the TradeQuo client agreement names the laws of Cyprus and the laws of Saint Vincent and the Grenadines together, without saying which one settles a question. Clause 10.17 sends every unresolved dispute to the courts of Saint Vincent and the Grenadines, which is out of practical reach for most retail clients.

Where disputes go1 clause flagged

Clause 11 says the agreement is governed by the laws of Cyprus and the laws of Saint Vincent and the Grenadines. Clause 10.17 sends every dispute to the courts of Saint Vincent and the Grenadines.

Why this matters

Naming two legal systems leaves it open which one decides a question. Bringing a case in Saint Vincent and the Grenadines is out of reach for most retail clients whatever the answer.

Exhibit 17NoticeStandard wording

This Agreement shall be governed with laws of Cyprus and the laws of the Commonwealth of SVG, as relevant to the services provided.
Clause 11 in Client Agreement, p.17
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Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The website says you never owe more than you deposit, and the agreement gives you 10 calendar days to pay the shortfall.

Said in public, in English

Negative balance protection shields your equity from market volatility - we cover losses beyond your account balance, so you never owe more than you deposit.

English about page, Trade with Confidence section

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of tradequo.com

In the contract · clause 4.3(e)

in the event there is a negative balance on his trading account, Client is entitled to depositing his own funds to bring account to zero within 10 (ten) calendar days on Company's requirement.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of framerusercontent.com

02

The same promise is made in Ukrainian, to readers in a country the Restricted Jurisdictions document bars.

Said in public, in UK

Захист від від’ємного балансу оберігає ваш капітал від ринкової волатильності — ми покриваємо збитки, що перевищують баланс вашого рахунку, тож ви ніколи не заборгуєте більше, ніж внесли.

Word for word in English: Negative balance protection safeguards your capital from market volatility: we cover losses that exceed your account balance, so you will never owe more than you paid in.

Ukrainian about page, Trade with Confidence section

In the contract · clause 4.3(e)

in the event there is a negative balance on his trading account, Client is entitled to depositing his own funds to bring account to zero within 10 (ten) calendar days on Company's requirement.

03

TradeQuo publishes a full Ukrainian site while its Restricted Jurisdictions document says the website is not directed at residents of Ukraine.

Said in public, in UK

Trade Quo Global — це брокер, що має ліцензії в Об’єднаних Арабських Еміратах, на Сейшельських островах, у Південній Африці та Сент-Вінсенті й Гренадинах.

Word for word in English: Trade Quo Global is a broker holding licences in the United Arab Emirates, the Seychelles, South Africa and Saint Vincent and the Grenadines.

Ukrainian about page, a full translation of the site for a country the contract restricts

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In the contract

Regional Restrictions: This website including the information and materials contained in it, is not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of the following countries: Ukraine, USA, Israel, Iran, Iraq, Canada, Russia, Afghanistan, Cuba, Eritrea, Liberia, Libya, Somalia, Sudan and Syria

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04

The website promises zero fees while the agreement releases TradeQuo from telling you what it charged.

Said in public, in English

Fund your account using FIAT currencies, stablecoins, or cryptocurrencies through multiple payment systems, all with zero deposit or withdrawal fees.

English about page, Instant, Secure Funding with Zero Cost section

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In the contract · clause 5.19

The Company is not obliged to disclose or provide information to the Client about fees or other remuneration, and other expenses incurred by the Company from the trading or non-trading transaction of the Client.

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05

Instant withdrawals anytime you wish on the marketing page, and no deadline at all in the agreement.

Said in public, in English

With flexible funding options and in different base currencies, you can now make instant deposits and withdrawals to your trading accounts anytime you wish.

English deposits and withdrawals page, opening paragraph

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In the contract · clause 5.13

All requests for funds withdrawals from the trading account of the Client shall be performed by the Company within the shortest reasonable time.

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06

The about page names Trade Quo Global and four countries, while the agreement you accept is with Quo Markets LLC alone.

Said in public, in English

Trade Quo Global is a multi-regulated broker licensed in the United Arab Emirates, the Seychelles, South Africa, and Saint Vincent and the Grenadines.

English about page, Trade with Confidence section

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In the contract

Under the terms of a public offer (hereinafter referred to as the "Agreement"), TradeQuo is the trading name of Quo Markets LLC, registered with Financial Services Authority FSA: 3171 LLC 2024.

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07

The footer omits Ukraine, Canada and Sudan and adds Cyprus, so TradeQuo publishes two different answers to who may open an account.

Said in public, in English

is not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of the following countries: USA, Israel, Iran, Iraq, Russia, Afghanistan, Cuba, Cyprus, Eritrea, Liberia, Libya, Somalia and Syria

Website footer on the legal documents page

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In the contract

is not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of the following countries: Ukraine, USA, Israel, Iran, Iraq, Canada, Russia, Afghanistan, Cuba, Eritrea, Liberia, Libya, Somalia, Sudan and Syria

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08

Complete protection on the website, and no claim on any specific sum if the holder of your money fails.

Said in public, in English

Your funds are held in fully segregated accounts, kept separate from company capital for complete protection.

English about page, Trade with Confidence section

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In the contract · clause 7.3

The third party to whom the Company will pass money may hold it in an omnibus account and it may not be possible to separate it from the Client’s money, or the third party’s money in which case the Client will not have any claim against a specific sum in a specific account in the event of insolvency.

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The documents this reading is based on

12 files, all published by TRADEQUO. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording TRADEQUO publishes.

How this reading was done

Every clause above was read out of a document TRADEQUO publishes itself

This reading was published on .

Documents
12 of 12downloaded from the broker's site, and 12 read in full
Pages opened
23pages walked to find those documents, footer links included
Marketing pages
5public pages set against what the contract says
Languages
EN vs UKthe language it advertises in, against the language it contracts in

Who the contract is with

Quo Markets LLC

Your contract is with Quo Markets LLC, Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines. All ten legal documents name that company and no other. The website advertises four more companies: a Seychelles firm, a South African firm, a UAE firm and a Dominica firm. None is a party to the agreement you accept. The footer describes Quo Markets LLC as registered with the Financial Services Authority under FSA: 3171 LLC 2024, while it gives the Seychelles and South African companies licence numbers. The agreement also states that the Cyprus company TQBG does not engage in any regulated activities.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

TradeQuo publishes ten legal documents, including an abuse policy and a conflicts policy that many offshore rivals never publish. The footer states plainly that 72.6% of retail accounts lose money with this provider. Clause 7.1 commits to holding your money in a segregated client bank account. The $50/$100 bonus terms put no cap on the profit you may withdraw, which is unusual. The insurance terms include two worked examples with real figures, so you can see what the promotion pays before joining.

This is our first reading of TradeQuo, so there is nothing to compare it against. The ten legal documents are not published on tradequo.com. Each is a PDF on a third party file host with a scrambled filename, linked from the legal page, and we read all ten there. Not one carries a version number or an effective date, so you cannot tell when any clause last changed. We found no earlier copies of any of them. The client agreement lists six appendixes, including the terms and definitions and the rules for processing trades. None of the six is published on the legal page, so we did not read them. We could not measure how deep each clause sits inside its own document, because that measure was not available for the PDFs.

How to check any of this yourself

Every quote above links to the TRADEQUO file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document TRADEQUO publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge TRADEQUO on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Aug 30, 2026.

If you represent TRADEQUO and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on TRADEQUO. Whether its licence is real and current is a separate check on the broker profile.

Back to the TRADEQUO profile