TRADEQUO: What you should know before investing with this broker
Abstract： TRADEQUO is an online forex broker that recently caught our eye. One question has come to our mind: Is this broker reliable? Therefore, we made a comprehensive review so that you can hopefully understand this broker deeply.
About TRADEQUO
TRADEQUO is an emerging online broker registered in Saint Vincent and the Grenadines. Saint Vincent and the Grenadines is an attractive place for financial companies to operate through an offshore company. there is no sharp regulation or overseeing of the company operation implemented. The SVG broker can run its activity and accept forex payments through credit cards but is not overseen. It has experience in the business of about 2 years. This brokerage provides forex, metals, indices, energies, crypto, and stocks. We do not know the specific address of this broker and who the owner is on the basis of its shabby website. In addition, WikiFX has given this broker a fairly low rating of 1.32/10.
Account Types & Leverage
TRADEQUO offers clients three different types of accounts: They are Trade Quo Platinium account, ECN VIP account, and ECN Standard account. The minimum deposit for Trade Quo Platinium platform is $30,000. The minimum deposit for ECN VIP is $3000, and the minimum deposit for ECN Standard is $100.
Regulation: Is TRADEQUO legit？
TRADEQUO is not a regulated broker. This means it does not hold a regulatory license. Traders need to understand the risk of investing with an unregulated broker. WikiFX has assigned this broker a “No License.”
Spreads & Commissions
The spread is variable in light of the type of accounts, concerning the ECN Standard Account, the spread is from 1.5 pips, besides, clients who are the member of the ECN VIP Account could enjoy the spread from 0.9 pips, for the ECN VIP Account, it sets the limit to the spread from 0.6 pips. In addition, the information on the commission is not mentioned.
Trading Platform
What is worth mentioning, is Trade Quo is an MT4/MT5 White Label provider, providing a platform that is well-recognized as an authoritative and reliable platform for clients all over the world, besides, it is available for free download to PC desktops (Windows/macOS) and mobile device(Android/iOS).
Customer Support
We could not get relevant information about the phone number of the company due to failing to visit the official website, if so desired, please e-mail support@tradequo.com at an appropriate time.
Conclusion
Please be warned that TRADEQUO maybe get involved in a scam since it has a very low score on WikiFX. We suggest you do more research and make yourself comfortable before you choose a certain broker to invest in.
Click on TRADEQUO' WikiFX page for details
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