QuoMarkets Review – Do Not Get Scammed by This Unlicensed Broker

QuoMarkets Is Not a Regulated Broker?

QuoMarkets, the trading name for DVenture Markets Limited is registered with the Financial Services Authority in Saint Vincent and the Grenadines.

It’s bad. SVG is an offshore domain that is controversial because the FSA stated explicitly on its website, that Forex trading in this domain is not regulated. QuoMarkets’ regulation is therefore fake.

QuoMarkets is not a safe place to put your money. Clients of offshore brokers who are not licensed often have withdrawal problems, and we’re sure QuoMarkets does too.

You should instead find a broker who is licensed by Tier 1 agencies such as FCA, ASIC or CNMV. If you are from the US, ensure that your broker is registered with both the CFTC (Commodity Futures Trading Commission) and the NFA.

QuoMarkets, an offshore broker based in Saint Vincent and the Grenadines, does not have a Forex trading licence. This broker tried to scam traders in the Netherlands, Germany and Poland.

You’ll see on QuoMarkets website that the broker has been registered with SVG FSA, and you’ll also find the registration number of the company. This is a false claim made to boost QuoMarkets reputation.

QuoMarkets has a bad reputation, so do not fall into this trap. Check your broker’s status for regulatory compliance before you invest to trade.

QuoMarkets Reviews

QuoMarkets has received some complaints. Even traders know that the broker is unregulated, which can have disastrous consequences. Trading is a risky business, so having to worry about whether you’ll get scammed is not something you want.

When QuoMarkets contacted me, they said that their company wants to make investment easy for everyone… I will not trade here because they don’t have any regulatory licenses. I also advise everyone to be vigilant when choosing a forex broker.

WikiFX user, March 15, 2023.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example –Berry Markets, Rivobanc, Ferrum LTD.

QuoMarkets Trading Assets

Here’s an overview of QuoMarkets’ trading instruments from the website:

• Forex: EUR/USD, GBP/AUD…
• Indices: S&P500, NASADQ100, NIKKEI225;
• Commodities: oil, gas, gold…
• Stocks: Apple, Adidas, Visa…
• Crypto: BTC, USDT, ETH…

QuoMarkets Trading Accounts Types

QuoMarkets offers two different account types:

• Standard: 5$, spreads as low as 0.6 pips, zero commissions;
• Raw: 5$, spreads as low as 0.0 pips, commissions 3 $ per lot.

Each of these offer an Islamic version, swap-free and a maximum leverage of 1 to 500. This level of leverage is extremely dangerous and can lead to huge losses. Onshore regulators like ESMA or the FCA have imposed a 1:30 limit for retail clients.

Brokers park claims that it offers negative balance protection on each of these accounts types, but we’re not keen to test this out with actual money.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

QuoMarkets: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about QuoMarkets. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about QuoMarkets!