Info Is TradeQuo actually regulated?

[RayRebel]

Hello folks,

I was checking out a relatively new broker, TradeQuo. Customer service tells me they're regulated by the Seychelles FSA for clients of every country.

But a member of their staff told me the Seychelles regulation only applies for residents of 4 countries (Seychelles, St Vincent and Grenadines, Cyprus, Singapore). Clients from all other countries fall under the jurisdiction of the St Vincent and Grenadines FSA, which openly states they do NOT regulate forex trading.

I'm not residing in one of those countries mentioned. Am I actually covered by Seychelles regulations?

 

[FxMaster]

Hello folks,

I was checking out a relatively new broker, TradeQuo. Customer service tells me they're regulated by the Seychelles FSA for clients of every country.

But a member of their staff told me the Seychelles regulation only applies for residents of 4 countries (Seychelles, St Vincent and Grenadines, Cyprus, Singapore). Clients from all other countries fall under the jurisdiction of the St Vincent and Grenadines FSA, which openly states they do NOT regulate forex trading.

I'm not residing in one of those countries mentioned. Am I actually covered by Seychelles regulations?

This is what mentioned on their website.

This website is operated and provides content by group of companies, which include:

• TQBG Ltd, registered in Cyprus with registration number HE438084, registered address Archiespiskopou Makariou III 160 1st floor, 3026, Limassol, Cyprus with operational address at Tonia Court 2, Koumandarias, 2, 3036, Lemesos – “Appointed Independent Representative and Distributor”
• Trade Quo Global Ltd, a Securities Dealer firm that is authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD140 .
• Quo Markets LLC, an International Business Company registered with the Financial Service Authority (FSA) of St. Vincent & the Grenadines with registration number 3171 LLC 2024. Registered address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines.
• MT4 trading services are offered through TRADEQUOMARKETS LTD (2023/C0024), operating under License no: 2023/C0010-0001. Located at #8 Jepson Lane, St. George, Goodwill, DOMINICA. With a commitment to transparency, security, and excellence, we strive to provide our clients with a seamless trading experience backed by reliable infrastructure and regulatory compliance. Join us at QuoMarkets.com and experience the power of MT4 trading with confidence

 

[The Punisher]

Hello folks,

I was checking out a relatively new broker, TradeQuo. Customer service tells me they're regulated by the Seychelles FSA for clients of every country.

But a member of their staff told me the Seychelles regulation only applies for residents of 4 countries (Seychelles, St Vincent and Grenadines, Cyprus, Singapore). Clients from all other countries fall under the jurisdiction of the St Vincent and Grenadines FSA, which openly states they do NOT regulate forex trading.

I'm not residing in one of those countries mentioned. Am I actually covered by Seychelles regulations?

No you are not covered and those countries provide little protection to investors even with their regulators. All of the countries mentioned are used by scam brokers for registration because of the lack of protection. I highly recommend Not to invest with any company who only has regulation in the countries listed. Even Singapore does little to stop the scams yet a lot of stolen money is laundered through Singapore bank accounts.

 

[The Punisher]

They are using a white label license for MT which means they sublicense their MT license from someone else. For white and grey labels, MT is rarely if ever involved with any due diligence for these types of licenses.

Problem - MetaQuotes (Meta Trader) Complacent in White Label Scams

For all victims that show up at FPA to post their stories, there should be a strong presence from our community to push back on Meta Quotes. Meta Quotes allows a Real Label broker to sell White Label Licenses to scam brokers. When one approaches Meta Quotes there is usually little to no help...

www.forexpeacearmy.com

Trade Quo Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX

WikiFX: Trade Quo review, covering licenses, user reviews, forex spreads, leverage, Is Trade Quo a scam or legit broker? Read WikiFX review before start trading.

www.wikifx.com

 

[Ethan.ishere]

Hello folks,

I was checking out a relatively new broker, TradeQuo. Customer service tells me they're regulated by the Seychelles FSA for clients of every country.

But a member of their staff told me the Seychelles regulation only applies for residents of 4 countries (Seychelles, St Vincent and Grenadines, Cyprus, Singapore). Clients from all other countries fall under the jurisdiction of the St Vincent and Grenadines FSA, which openly states they do NOT regulate forex trading.

I'm not residing in one of those countries mentioned. Am I actually covered by Seychelles regulations?

Get the registration number and go check it out by yourself.

 

[RayRebel]

Get the registration number and go check it out by yourself.

Already did. The Seychelles license is legit, am just not sure if it applies globally, or only to the four countries the staff mentioned.

 

[The Punisher]

Already did. The Seychelles license is legit, am just not sure if it applies globally, or only to the four countries the staff mentioned.

Registrations rarely mean anything if the country they are registered in has weak laws.

 

[The Punisher]

Already did. The Seychelles license is legit, am just not sure if it applies globally, or only to the four countries the staff mentioned.

If this broker does not have a physical business location in Seychelles, employees working there, bank accounts there with clients deposits in them, etc. then there is Nothing the regulators can do IF you or anyone loses money. Many brokers, especially scam brokers, get a license in Seychelles purely to say they are registered and regulated so they appear "safe" to investors. But if the broker has no assets in Seychelles and no employees there but your money is purposely lost or stolen, what action would you expect regulators in Seychelles to take?

Seychelles is the smallest country in Africa as well as the least populated sovereign African country, with an estimated population of 100,600 in 2022

Seychelles - Wikipedia

en.wikipedia.org