TradeQuo Review

Introduction

TradeQuo is a relatively new but fast-growing online broker that wants to make trading easy for everyone. The company has been operating since 2020, and has quickly expanded its services in many countries across South America, Africa, and Asia. The company offers a comprehensive suite of trading products and platforms. The broker has a number of licenses from reputable regulators from Seychelles, Dominica, South Africa, and the UAE.  

The company offers low cost and low barrier to entry trading with many standout features like extremely high leverage options, copy trading, access to multiple popular trading platforms, multilingual support, and an extensive range of tradable assets. On top of that, the company has an extensive variety of tradable assets across popular markets. Even though most of the company’s offerings are better suited for expert traders, the company also has a lot of resources for new traders. Learn more about TradeQuo as we dissect all of the company’s offerings to help you understand if this is the right broker for you or not. 

Supported Countries

Almost no broker accepts clients from all countries, and it mainly happens because of local regulations. TradeQuo does not accept clients from US. Traders from other countries can create an account with the company and start trading without any issues. 

Average Customer Ratings and Public Perception

Before committing to a broker, you should always see what their existing customers say about them. One of the easiest ways to do it is by checking their customer reviews. You can see their customer reviews on this review page. If you are a TradeQuo user, we request you to fill the customer feedback as it will help other traders. At the time of writing this article, TradeQuo has a 4.7-star rating based on under 100 reviews.  

Trading Platforms Offered

In terms of trading platform offerings, TradeQuo is among some of the most complete brokers. The company offers legacy trading platforms like MetaTrader 4 and 5, advanced trading platforms like TradingView, and the company's own proprietary trading platform for copy trading. 

All these platforms offer their own set of features, charting tools, and user experience. If you are interested in social trading strategies, it is advisable to check out the company’s own SocialTrading.AI platform. 

Account Types

TradeQuo offers a variety of account types to suit different trader preferences and experience levels. Unlike some brokers that simply have Standard and ECN accounts, TradeQuo offers 4 account categories that are RAW, Standard, ZERO, and LIMITLESS.

Each account type has its own spreads, pricing structures, and leverage options. Additionally, TradeQuo provides demo accounts for practice and allows swap-free (Islamic) arrangements on request.

Leverage and Spread Structure

TradeQuo is notable for its exceptionally high leverage offerings. Depending on the account type and tradable assets, leverage ranges from standard levels up to astronomically high ratios. For most forex pairs on regular accounts (Raw, Standard), the maximum leverage is 1:1000, which means you can control $100,000 in currency with just $100 of margin. On the Zero account, that extends to 1:2000 for many instruments. The Limitless account theoretically offers no capped leverage though in practice the broker might limit it to maintain risk controls. 

While high leverage is a selling point (it allows ambitious strategies and can significantly amplify profits with little capital), it equally amplifies losses. TradeQuo does provide negative balance protection, which is crucial because with 1:1000 leverage a sudden market gap could otherwise put an account in negative equity. Moreover, TradeQuo sets Margin Call at 100% and Stop-Out at 20% on most accounts. 

TradeQuo spreads are highly competitive. TradeQuo spreads vary by account type but remain consistently competitive. The Raw Account offers nearly zero interbank spreads, starting from 0.0 to 0.1 pips on majors like EUR/USD, with a small commission per trade. The Standard Account, which has no commission, features spreads built into pricing typically around 0.8 pips on EUR/USD and around 0.5 to 1 pip on other majors during liquid sessions. The Zero Account maintains 0.0 pip spreads on major pairs for most of the trading day. The Limitless Account starts from 0.6 pips on majors. Beyond forex, indices and commodities also feature tight spreads. For instance, S&P 500 CFDs trade within fractions of a point, and gold can reach 0 spread under Zero accounts. 

Fees (Deposits, Withdrawals, Inactivity, Commissions, Spreads)

Oftentimes, trading fees come as unpleasant surprises. These fees usually include deposit fees, withdrawal fees, inactivity fees, and overnight swap fees. Unlike many major brokers, the company does not charge deposit and withdrawal fees. 

TradeQuo does not charge an inactivity fee. So, even if you take a break from trading for an extended period, you won't be charged a fee. 

Lastly, swap fees apply on positions you hold overnight. You can however request for a swap-free account and trade without incurring interests.

Trader Education

When it comes to broker education, TradeQuo is one of the most complete brokers. The company’s learning section has 4 sub-sections that contain a blog, an economic calendar, investing 101, and Snaps. 

Investing 101 is an extensive collection of FAQs. If you are just starting out, you can significantly benefit from the beginner-friendly short articles. You can also stay on top of industry news by reading in-depth blog articles. 

An innovative approach the company has taken trader education is the Snaps section. These are daily crypto and stock snapshots that you can read within 20 seconds. Lastly, there is an economic calendar that can help you project market movements based around events.  

Customer Support

TradeQuo’s customer service is among the company’s stand-out features. 24/7 availability ensures you can reach the support no matter what your trading hours are. Apart from the usual trading days, the support is also available for weekend crypto trading.  

TradeQuo support is multilingual and available in a total of 11 languages. Customer support in local languages is especially helpful because most of the countries in the target market do not speak English as their first language.

The support is available via live chat and email. You can reach their team at [email protected]. At the time of writing this review, the company does not offer customer support via phone. Unavailability of call support can be a bit frustrating for traders who prefer calls over written communication. 

Deposit and Withdrawal Methods

TradeQuo offers an exceptionally flexible and convenient set of deposit and withdrawal options. The broker supports multiple currencies and payment methods, ensuring that most traders can fund their accounts with minimal hassle and cost. You can choose from USD, EUR, GBP, THB, and JPY as your account currencies. 

In terms of payment methods, you can take the standard universal route with debit cards, credit cards, and bank transfers. Otherwise, you can also use online wallets like Skrill and Neteller. You can even use local methods like Airtel, Dragonpay, etc. Lastly, the option of crypto payments is also available. 

Lastly, the company offers instant withdrawals. With most brokers, withdrawals can take anywhere from a few days to a week sometimes. But with TradeQuo, you don't have to wait for your profits to be deposited in your account.

Regulation and Compliance

TradeQuo operates through a group of companies in various jurisdictions which collectively give it a global reach. However, the regulatory oversight is primarily from offshore and emerging-market regulators. But these regulators allow the broker to offer high leverage trading options. 

The company is registered in Cyprus (as TGBQ Ltd. under registration number HE438084) but operates with the company’s offshore and emerging regulators. These regulators are as follows: 

1. Seychelles (FSA): License No. SD140
2. Dominica (FSU): License No. 2023/C0010-0001
3. United Arab Emirates (SCA): License No. 20200000320
4. South Africa (FSCA): FSP No. 54827

Despite not having top-tier regulatory licenses, the company does have features like segregated accounts, a trader compensation fund, and standard compliance requirements like KYC (Know Your Customer) and AML (Anti-Money Laundering). 

Conclusion

TradeQuo has many features like social trading, low spreads, high leverage, a variety of trading accounts, and 350 tradable instruments that make it a solid option to select. The broker also offers an extremely low barrier to entry and educational material for new traders.

Despite being a relatively new company, TradeQuo has offices in Thailand, Dubai, Kuala Lumpur, Colombia, Cyprus, Seychelles, Johannesburg, and Dominica, adding to the company's legitimacy.

All things considered, TradeQuo is a great broker with many exciting offerings that make it worth trying.