Unauthorised Firm Details
Name: QuoMarkets
Website: quomarkets.com
QuoMarkets advertises itself as a modern trading broker offering forex, CFDs, and cryptocurrency assets. It promotes fast withdrawals, low spreads, excellent customer service, and regulatory compliance. But digging deeper uncovers many worrisome inconsistencies.
Contacts (claimed): Email support, address listed in St. Vincent & the Grenadines, company name DVenture Markets Limited. Claims also include a registration address in an offshore corporate centre.
Foundation (claimed): Operating since around 2021-2022 in some profiles.
License: No verified license with major, well-known regulators (FCA, ASIC, CySEC). Regulation claims are unsubstantiated.
Minimum Deposit: Around USD $250 according to user reports.
From Sign-Up to Payout
At first, QuoMarkets looks quite professional: sleek website, many deposit options, a demo or trial account in some accounts, and responsive customer support in reviews. Users say it’s easy to get started, make deposits, and begin trading.
But serious red flags appear when you try withdrawing profits. Many users report delays, extra documentation requests, claims of rule violations, or other obstacles. Support reportedly becomes less responsive when large sums are involved.
Trading Experience
Here’s what users report:
-
Trading platform options include MetaTrader (MT4) and possibly web trader tools.
-
Some complain about spreads and commissions not matching what was advertised.
-
High leverage is offered, which increases risk significantly.
-
Bonus/promotional offers seem appealing but are tied to strict conditions that can make withdrawals hard or impossible.
The Reality Check
-
QuoMarkets is not recognized by top-tier regulatory authorities, which means less protection for users.
-
Company claims about regulation appear in blog posts or marketing materials but haven’t been backed up by independent regulatory registers.
-
Many independent review sites classify it as “questionable” or “high risk.”
-
The address in St. Vincent & Grenadines is often used by brokers that avoid stricter regulation, which raises red flags.
Where Their Customers Are
QuoMarkets seems to draw clients from Latin America, Asia, and other regions outside the strongest regulated markets. They also use influencer/affiliate marketing aggressively in some places.
Submit your review | |
