About QuoMarkets
Company Background
QuoMarkets is an online trading platform founded on 28 November 2022 and based in Dubai, United Arab Emirates. Its full legal name is Tradequomarkets Financial Services L.L.C, and its registered address is Business Tower, Main Business Village, 114499 Dubai, UAE. The broker targets both beginner and professional traders, offering access to multiple global financial markets.
Regulation and Safety
QuoMarkets holds an Investment Advisory (IA) license from the Capital Market Authority (CMA) of the United Arab Emirates, license number 20200000320, with an Active status. It is important to note that this is an advisory license rather than a full broker-dealer license, and the broker is not regulated by any major financial authority such as the FCA or CySEC. As a result, traders should exercise caution, as the broker operates with what the company itself describes as 'unregulated status'. The high leverage offered further amplifies risk.
Account Types and Features
QuoMarkets offers four account tiers: RAW, STANDARD, ZERO, and LIMITLESS ∞. Each account requires a minimum deposit of just $1, making it accessible to traders with small capital. The RAW account features spreads from 0.1 pips with a $3 per side commission and maximum leverage of 1:1000.
The STANDARD account offers spreads from 0.4 pips with no commission and the same leverage. The ZERO account has no disclosed minimum spread but charges a $4 per side commission and offers leverage up to 1:2000. The LIMITLESS ∞ account provides spreads from 0.6 pips, no commission, and an extraordinary maximum leverage of 1:10,000,000.
This leverage is among the highest in the industry and carries significant risk.
Trading Platforms
The broker supports the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are known for their advanced charting tools, automated trading capabilities, and wide range of technical indicators. Traders can access them via desktop, web, and mobile devices.
Instruments and Markets
QuoMarkets provides access to a range of asset classes including Forex, Metals, Indices, Energies, Cryptocurrencies, and Stocks. The specific number of instruments within each class is not disclosed, but the broker advertises coverage of major and minor forex pairs, precious metals, global indices, energy commodities like oil and gas, popular cryptocurrencies, and individual stock CFDs.
Funding and Withdrawals
Deposits can be made via Neteller, Skrill, Visa, and Mastercard. Withdrawal methods include Visa, Mastercard, Bitcoin (BTC), and Tether (USDT). The broker notes that withdrawal requests are typically processed promptly, though some user reviews report occasional delays or restrictions. The minimum deposit is $1, and the broker does not charge deposit fees, though third-party payment providers may apply their own fees.
Overview compiled by FXCanary from regulatory records and public data. full QuoMarkets review