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QuoMarkets

Saint Vincent and the Grenadines|1-2 years|
Suspicious Regulatory License|MT5 Full License|Global Business|High potential risk|

https://quomarkets.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

6
Server Name
TradeQuo-Server MT5
Server Location Germany

Contact

support@quomarkets.com
https://quomarkets.com/
Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines

Licenses

No valid regulatory information, please be aware of the risk!

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Broker Information

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Company Name

DVenture Markets Limited

Company Abbreviation

QuoMarkets

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-04-13
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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QuoMarkets · Company Summary

Aspect Information
Registered Country/Area Saint Vincent and the Grenadines
Company Name QuoMarkets
Regulation Unregulated
Minimum Deposit $5
Maximum Leverage Up to 1:500 (varies based on account balance)
Spreads RAW Account: As low as 0.0 pips (No specific info for STANDARD Account)
Trading Platforms MT5 For Windows, MT5 For Mac, MT5 Supercharts (NEW), MT5 For Android, MT5 for Apple Phone, MT5 Supercharts (NEW)
Tradable Assets Forex, Spot Metals, Indices, Energies, Cryptocurrencies, Shares
Account Types RAW Account, STANDARD Account
Islamic Account Available for both RAW and STANDARD Accounts
Customer Support Email, Office Locations, Contact Number, Callback Request Form
Payment Methods Visa, Neteller, Skrill, Bank Transfer, Cryptocurrencies (Bitcoin, Ethereum, etc.)
Educational Tools 'Learn' section with educational articles

Overview

QuoMarkets is an unregulated broker based in Saint Vincent and the Grenadines. They offer trading in forex, spot metals, indices, energies, cryptocurrencies, and shares. With a low minimum deposit of $5, it caters to traders of various capital levels. Leverage ranges up to 1:500, depending on the account balance. While competitive spreads as low as 0.0 pips are available for the RAW account, specific spread details for the STANDARD account are not provided. QuoMarkets provides a range of trading platforms for desktop and mobile, including the MT5 series. Islamic accounts are available, and customer support can be reached via email, contact numbers, and a callback request form. Payment options include Visa, Neteller, Skrill, bank transfers, and cryptocurrencies. Educational resources are offered through the 'Learn' section, although it's worth noting that QuoMarkets operates without regulatory oversight, which may pose risks for traders.

basic-info

Regulation

QuoMarkets, as an unregulated broker, poses significant risks due to its lack of oversight by any governmental or regulatory authority. Without the safeguards and accountability provided by regulatory agencies, investors and traders are exposed to potential pitfalls:

  1. Accountability: Unregulated brokers like QuoMarkets are not held accountable to regulatory bodies, making dispute resolution and fraud prevention challenging.

  2. Financial Risk: Clients' funds with unregulated brokers are not guaranteed, increasing the risk of losing investments due to mismanagement or insolvency.

  3. Market Manipulation: Unregulated brokers may engage in unethical practices like price manipulation, jeopardizing fair trading.

  4. Inadequate Disclosure: These brokers often provide limited information, leading to unexpected fees or unfavorable trading terms.

  5. Data Security: Unregulated brokers may not prioritize data security, putting personal and financial information at risk.

  6. Regulatory Gaps: Some unregulated brokers exploit regulatory loopholes, offering services without proper oversight.

Given these risks, it is crucial for investors and traders to exercise caution and consider regulated brokers that prioritize client protection and transparency over unregulated options like QuoMarkets.

regulation

Pros and Cons

Pros Cons
Diverse Range of Market Instruments Unregulated Broker
Low Minimum Deposit Lack of Regulatory Oversight
Competitive Spreads (RAW Account) Limited Transparency
Leverage Options for Different Accounts Potential Accountability Issues
Multiple Trading Platforms Financial Risks
Accessible Customer Support Market Manipulation Risks
Educational Resources Inadequate Disclosure
Islamic Account Option Data Security Concerns
Variety of Deposit & Withdrawal Options Regulatory Gaps

QuoMarkets offers a diverse selection of market instruments, accessible trading with a low minimum deposit, and competitive spreads through its RAW account. Leverage options cater to different trading styles, and the availability of multiple trading platforms enhances flexibility. The inclusion of Islamic accounts, a range of deposit and withdrawal options, accessible customer support, and educational resources contribute positively to the broker's offerings.

However, the major concern is that QuoMarkets operates as an unregulated broker. This lack of regulatory oversight introduces potential risks, including limited transparency, financial instability, and accountability challenges. Traders should be cautious when considering an unregulated broker due to the potential for market manipulation, data security issues, and the absence of regulatory safeguards.

In conclusion, while QuoMarkets offers several favorable aspects, the absence of regulatory oversight raises significant concerns that traders should carefully evaluate before considering this broker as a trading option.

Market Instruments

The broker offers a wide range of market instruments to cater to various trading preferences and strategies. These instruments encompass forex currency pairs, spot metals, indices, energies, cryptocurrencies, and shares from various global markets. Here's a breakdown of the available market instruments:

products

Forex (Foreign Exchange): The broker provides access to a comprehensive list of forex pairs, including major, minor, and exotic currency pairs. Traders can engage in currency trading with pairs such as AUDCAD, EURUSD, USDJPY, and many others. This variety allows traders to diversify their forex portfolios and take advantage of different market opportunities.

Spot Metals: Precious metals like gold and silver are available for trading as spot metals. Traders can speculate on the price movements of XAGUSD (silver) and XAUUSD (gold), which are popular choices among investors seeking safe-haven assets or inflation hedges.

Indices: A selection of global indices is offered for traders interested in stock market performance. These indices include familiar names like DJI30 (Dow Jones Industrial Average), SP500 (S&P 500), and JPN225 (Nikkei 225), allowing traders to track and trade on major market indices.

Energies: Energy commodities are essential components of the global economy, and the broker provides trading opportunities in oil and natural gas. Traders can speculate on the prices of USOUSD (crude oil) and UKOUSD (Brent crude oil), among others.

Crypto: The broker offers a comprehensive array of cryptocurrency pairs, allowing traders to engage in the volatile and rapidly evolving cryptocurrency markets. Notable cryptocurrencies include BTCUSDT (Bitcoin), ETHUSDT (Ethereum), and XRPUSDT (Ripple).

Shares: Traders can diversify their portfolios by investing in individual shares of well-known companies. The broker provides access to a wide range of shares, including tech giants like AAPL (Apple), FAANG stocks like FB (Facebook), and financial institutions like JPM (JPMorgan Chase).

Other Shares: Apart from the US shares mentioned earlier, the broker also offers shares from international markets. Some examples include BAS (BASF SE) from Germany, BNP (BNP Paribas) from France, and Tencent from China.

Now, let's create a detailed table listing these market instruments:

Market Instrument Examples
Forex AUDCAD, EURUSD, USDJPY, etc.
Spot Metals XAGUSD (Silver), XAUUSD (Gold)
Indices DJI30, SP500, JPN225, etc.
Energies USOUSD (Crude Oil), UKOUSD (Brent), etc.
Cryptocurrencies BTCUSDT (Bitcoin), ETHUSDT (Ethereum), XRPUSDT (Ripple), etc.
Shares (US) AAPL (Apple), FB (Facebook), JPM (JPMorgan Chase), etc.
Other Shares BAS (BASF SE - Germany), BNP (BNP Paribas - France), Tencent (China), etc.

Account Types

RAW Account:

The RAW account is tailored for traders who seek the tightest spreads and lowest trading costs. This account type is well-suited for both beginners and experienced traders alike. With a minimum deposit requirement of just $5, it offers accessibility to a broad spectrum of traders. Leverage ranges from 1:1 to 1:500, with leverage decreasing as the account balance increases. This account type is ideal for traders who value precision in their trading strategies, as spreads on all majors can be as low as 0.0 pips. Additionally, traders can take advantage of the option for Islamic accounts, making it inclusive for those who adhere to Sharia-compliant principles. The RAW account permits a maximum of 300 open/pending orders per client, ensuring flexibility in managing trading positions.

STANDARD Account:

The STANDARD account is designed for traders who seek a balance between cost-efficiency and trading conditions. It maintains the same minimum deposit requirement of $5, making it accessible to a wide range of traders. Leverage options range from 1:1 to 1:500, adjusting based on the account balance. While the spreads on all majors may be slightly higher at 0.6 pips compared to the RAW account, they remain competitive. Traders also have the option to open Islamic accounts. The STANDARD account allows a maximum of 300 open/pending orders per client, offering ample flexibility for traders to manage their positions.

account-types

Leverage

This broker offers varying levels of leverage depending on the amount of capital you have in your trading account. The maximum trading leverage offered by this broker is as follows:

  1. 1:500 for account balances ranging from $5 to $20,000.

  2. 1:200 for account balances ranging from $20,001 to $100,000.

  3. 1:100 for account balances of $100,001 and above.

So, the maximum trading leverage can go up to 1:500 for smaller account balances and decreases as your account balance increases, with the lowest leverage being 1:100 for larger account balances exceeding $100,001.

leverage

Spreads & Commissions

RAW Account:

  • Spreads: As low as 0.0 pips.

  • Commission: There is no specific commission mentioned in the provided information.

So, based on the information provided, the spreads and commissions vary depending on the type of trading account you choose:

Standard Account:

  • Spreads: As low as 0.6 pips.

  • Commission: $3 per side.

spread-commission

The choice between these accounts will depend on your trading preferences and whether you prioritize lower spreads or are comfortable with a commission-based fee structure.

Deposit & Withdrawal

Deposit Options:

Traditional Methods:

  1. Visa:

    1. Processing Time: Instant

    2. Fees: Free

    3. Currencies: USD, EUR

    4. Countries: International

    5. Min Amount: 10 USD, 10 EUR

    6. Max Deposit: $10,000 per day

  2. Neteller:

    1. Processing Time: Instant

    2. Fees: Free

    3. Currencies: USD, EUR

    4. Countries: International

    5. Min Amount: 10 USD, 10 EUR

    6. Max Deposit: $10,000 per day

  3. Skrill:

    1. Processing Time: Instant

    2. Fees: Free

    3. Currencies: USD, EUR

    4. Countries: International

    5. Min Amount: 10 USD, 10 EUR

    6. Max Deposit: $10,000 per day

  4. Bank Transfer:

    1. Processing Time: Depends on bank

    2. Fees: Depends on bank

    3. Currencies: USD, EUR

    4. Countries: International

    5. Min Amount: 10 USD

    6. Max Deposit: $50,000 per day

Cryptocurrency Options:

5. Blockchain (Cryptocurrency):

  • Options: Bitcoin, Ethereum, Tether, and more

  • Min Deposit/Payout: Varies by blockchain

  • Processing Time: Depends on blockchain

  • Fees: Typically free

  • Max Deposit: $100,000 per day

Withdrawal Options:

Traditional Methods:

  1. Visa:

    1. Processing Time: 1 Day

    2. Fees: Free

    3. Currencies: USD, EUR

    4. Countries: International

    5. Min Amount: 10 USD, 10 EUR

    6. Max Daily Withdrawal: $100,000 per day

  2. Bank Transfer:

    1. Processing Time: Depends on bank

    2. Fees: Depends on bank, min 30 USD

    3. Currencies: USD, EUR

    4. Countries: International

    5. Min Amount: 10 USD

    6. Max Daily Withdrawal: $50,000 per day

Cryptocurrency Options:

3. Cryptocurrency (Bitcoin, Ethereum, etc.):

  • Options: Bitcoin, Ethereum, and more

  • Processing Time: Depends on the blockchain

  • Fees: Typically free

  • Currencies: USD, EUR

  • Countries: International

  • Min Amount: 10 USD, 10 EUR

  • Max Daily Withdrawal: $100,000 per day

deposit-withdrawal

Here's the information presented in a table format for better clarity:

Deposit Options:

Method Processing Time Fees Currencies Countries Min Amount Max Deposit*
Visa Instant Free USD, EUR International 10 USD, 10 EUR $10,000 per day
Neteller Instant Free USD, EUR International 10 USD, 10 EUR $10,000 per day
Skrill Instant Free USD, EUR International 10 USD, 10 EUR $10,000 per day
Bank Transfer Depends on bank Depends on bank USD, EUR International 10 USD $50,000 per day

Cryptocurrency Deposit Options:

Method Blockchain Deposit / Payout, min* Processing Time Fees Max Deposit*
Binance USD Binance Smart Chain 10 Depends on blockchain Free $100,000 per day
Binance USD Ethereum 25 Depends on blockchain Free $100,000 per day
Dai Binance Smart Chain 10 Depends on blockchain Free $100,000 per day
Dai Ethereum 25 Depends on blockchain Free $100,000 per day
Pax Dollar Binance Smart Chain 10 Depends on blockchain Free $100,000 per day
Pax Dollar Ethereum 25 Depends on blockchain Free $100,000 per day
TetherUS Binance Smart Chain 10 Depends on blockchain Free $100,000 per day
TetherUS Ethereum 25 Depends on blockchain Free $100,000 per day
TetherUS TRON 10 Depends on blockchain Free $100,000 per day
USD Coin Binance Smart Chain 10 Depends on blockchain Free $100,000 per day
USD Coin Ethereum 25 Depends on blockchain Free $100,000 per day
USD Coin TRON 15 Depends on blockchain Free $100,000 per day
Tether EURt Ethereum 25 Depends on blockchain Free $100,000 per day
STASIS EURO Ethereum 25 Depends on blockchain Free $100,000 per day

Withdrawal Options:

Method Processing Time Fees Currencies Countries Min Amount Max Daily
Visa 1 Day Free USD, EUR International 10 USD, 10 EUR $100,000 per day
Bitcoin Depends on Blockchain Free USD, EUR International 10 USD, 10 EUR $100,000 per day
USDT-ETH Depends on Blockchain Free USD, EUR International 10 USD, 10 EUR $100,000 per day
Ethereum Depends on Blockchain Free USD, EUR International 10 USD, 10 EUR $100,000 per day
USDT-TRX Depends on Blockchain Free USD, EUR International 10 USD, 10 EUR $100,000 per day
Bank Transfer Depends on bank, min 30 USD Depends on bank USD, EUR International 10 USD $50,000 per day

Trading Platforms

Based on the provided information, this broker offers a range of trading platforms to cater to different preferences and devices:

Desktop Platforms:

trading-platform
  1. MT5 For Windows:

    1. A trading platform designed for Windows operating systems, providing a robust and feature-rich experience for desktop traders.

  2. MT5 For Mac:

    1. Specifically tailored for Mac users, this platform offers compatibility with macOS, ensuring seamless trading on Apple computers.

  3. MT5 Supercharts (NEW):

    1. A new and enhanced version of the MT5 trading platform, likely with additional features and improvements for an even better trading experience.

Mobile Platforms:

trading-platform
  1. MT5 For Android:

    1. Designed for Android smartphones and tablets, this mobile platform allows traders to monitor and execute trades on the go using Android devices.

  2. MT5 for Apple Phone:

    1. Tailored for Apple iPhones, this mobile platform ensures a smooth and user-friendly trading experience for iOS users.

  3. MT5 Supercharts (NEW):

    1. An upgraded mobile trading platform, possibly with advanced features and optimizations to enhance the mobile trading experience.

In summary, this broker offers a comprehensive suite of trading platforms, including desktop and mobile options, to accommodate traders using various devices and operating systems. These platforms are designed to provide a flexible and efficient trading environment for their clients.

Customer Support

QuoMarkets offers accessible customer support for your convenience:

  • Email Enquiries: Contact Support@QuoMarkets.com for inquiries.

  • Office Locations: Find them in St. Vincent and the Grenadines and Cyprus.

  • Contact Number: Reach them at TEL: 25123894.

  • Callback Request Form: Easily request a callback with your details.

customer-support

Educational Resources

The 'Learn' section at QuoMarkets provides a wealth of educational articles for traders of all levels. These articles cover various aspects of trading, including fundamental and technical analysis, risk management, and trading strategies. Whether you're a novice looking to grasp the fundamentals or an experienced trader seeking advanced insights, you'll find informative articles to enhance your trading knowledge. QuoMarkets' 'Learn' section simplifies access to valuable trading information, making it an invaluable resource for traders aiming to improve their skills and make well-informed decisions in the financial markets.

educational-resources

Summary

QuoMarkets, an unregulated broker, offers a wide range of market instruments, including forex pairs, spot metals, indices, energies, cryptocurrencies, and shares. While their offerings are diverse, the absence of regulatory oversight poses significant risks for traders, including accountability challenges, financial risks, and potential market manipulation. The broker provides two account types: RAW and STANDARD, catering to varying trading preferences. Leverage levels vary based on account balance, ranging from 1:1 to 1:500. Spreads and commissions differ between account types, with the RAW account offering lower spreads but no specific commission details provided. Deposit and withdrawal options include traditional methods and cryptocurrencies, ensuring flexibility for clients. QuoMarkets also offers a variety of trading platforms for both desktop and mobile users. They provide a 'Learn' section with educational articles to enhance traders' knowledge. However, traders should exercise caution due to the lack of regulatory oversight.

FAQs:

Q1: Is QuoMarkets a regulated broker?

A1: No, QuoMarkets is an unregulated broker, which means it operates without oversight from governmental or regulatory authorities.

Q2: What is the minimum deposit required to open an account with QuoMarkets?

A2: The minimum deposit is $5, making it accessible to traders with various capital levels.

Q3: What is the maximum trading leverage offered by QuoMarkets?

A3: The maximum leverage varies, reaching up to 1:500 for smaller account balances and decreasing to 1:100 for larger balances exceeding $100,001.

Q4: Are there different account types available at QuoMarkets?

A4: Yes, QuoMarkets offers two account types: RAW and STANDARD, catering to different trading preferences and cost structures.

Q5: What kind of market instruments can I trade with QuoMarkets?

A5: QuoMarkets offers a diverse range of market instruments, including forex pairs, spot metals, indices, energies, cryptocurrencies, and shares from global markets, allowing you to diversify your trading portfolio.

News

WikiFX Broker Assessment Series | QuoMarkets: Is It Trustworthy?

ExposureWikiFX Broker Assessment Series | QuoMarkets: Is It Trustworthy?

2024-03-25 17:47

In this article, we will conduct a comprehensive examination of QuoMarkets, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.

WikiFX
2024-03-25 17:47
Exposure
WikiFX Broker Assessment Series | QuoMarkets: Is It Trustworthy?

User Reviews

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ELZFX
0-3months
Absolute scam, hands off, take a look at their headquarters and check out the google reviews.
2024-01-19 01:06
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0
Paluszkiewicz M.
3-6months
Great service. The QuoMarkets platform is very easy to use plus also available on supercharts which is great. Provide great customer service Deposits/Withdrawals are quick and easy
2023-10-31 20:08
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0
0
Zootarder83
6-12months
I have been trading on their platform for several months now, everything is ok, deposits and withdrawals are instant. Low transaction costs. Support very helpful - nothing to complain about. A solid broker that operates in a regulated group.
2023-09-03 03:24
2
0
1
Masterswing
more than one year
Very good customer service, low spreads, I'm trading there over 6 months and I'm very happy, Customer service always respond very fast and withdrawals are done the same day, where most brokers they takes 2-3 days. I recommend this broker.
2023-04-03 13:35
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0
0
BerniH
more than one year
I'm trading there last 6 months, everything is great and super low spreads. Very happy with this broker
2023-03-31 14:52
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0
1
毫无抵抗力
more than one year
When QuoMarkets contacted me, they said that their company wants to make investment easy for everone, I think this is their slogan. But as we all know, foreign exchange trading is really difficult, and most people will lose money. I will not trade here because they don't have any regulatory licenses. I also advise everyone to be vigilant when choosing a forex broker.
2023-03-15 16:35
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