IQTrade Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-12 15:35

Abstract：Founed in 2022, IQTrade is an unregulated broker registered in Greece, offering futures trading with leverage up to 1:500 and spread from 1.5 pips on the Standard account through the MT5, Web and Mobile trading platforms. Demo accounts are not available and the minimum deposit requirement to open a live account is $100.

IQTradeReview Summary
Founded	2022
Registered Country/Region	Greece
Regulation	No regulation
Market Instruments	Futures
Demo Account	❌
Leverage	Up to 1:500
Spread	From 1.5 pips (Standard account)
Trading Platform	MT5, Web Platform, Mobile Platform
Min Deposit	$100
Customer Support	Contact form
	X, Youtube, Instagram
	X: https://twitter.com/iqtradeId
	Youtube: https://www.youtube.com/channel/UC8o-JNRX2A50-oUgi9YohPw
	Instagram: https://www.instagram.com/iqtrade.id/

IQTrade Information

　　Founed in 2022, IQTrade is an unregulated broker registered in Greece, offering futures trading with leverage up to 1:500 and spread from 1.5 pips on the Standard account through the MT5, Web and Mobile trading platforms. Demo accounts are not available and the minimum deposit requirement to open a live account is $100.

Pros and Cons

Pros	Cons
Multiple account types	New to the market
MT5 platform	No regulation
	Limited tradable asset classes
	No demo accounts
	Unknown payment methods

Is IQTrade Legit?

　　No. IQTrade currently has no valid regulations. Please be aware of the risk!

What Can I Trade on IQTrade?

Tradable Instruments	Supported
Futures	✔
Forex	❌
Commodities	❌
Indices	❌
Stocks	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　Here are four account types the broker offers:

Account Type	Min Deposit
STANDARD	$100
ECN	$2,000
PRO	$5,000
ISLAMIC	$100

Leverage

　　The broker offers maximum leverage of 1:500. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.

IQTrade Fees

Account Type	Spread
STANDARD	From 1.5 pips
ECN	From 0.6 pips
PRO	From 0.1 pips
ISLAMIC	From 1.5 pips

　　The transaction fee for future products is $0.50.

　　The trading commission for Agent product is up to 60%.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Web Platform	✔	Web	/
Mobile Platform	✔	Mobile	/
MT5	✔	PC, mobile	Experienced traders
MT4	❌		Beginners