Score

1.31 /10
Danger

IQTrade

Greece

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.46

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

IQTrade

Company Abbreviation

IQTrade

Platform registered country and region

Greece

Company website

X

Instagram

YouTube

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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IQTrade · Company summary
IQTradeReview Summary
Founded2022
Registered Country/RegionGreece
RegulationNo regulation
Market InstrumentsFutures
Demo Account
LeverageUp to 1:500
SpreadFrom 1.5 pips (Standard account)
Trading PlatformMT5, Web Platform, Mobile Platform
Min Deposit$100
Customer SupportContact 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.

IQTrade's homepage

Pros and Cons

Pros Cons
Multiple account typesNew to the market
MT5 platformNo 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!

Domain information

What Can I Trade on IQTrade?

Tradable Instruments Supported
Futures
Forex
Commodities
Indices
Stocks
Bonds
Options
ETFs
What Can I Trade on IQTrade?

Account Type

Here are four account types the broker offers:

Account TypeMin 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 TypeSpread
STANDARD From 1.5 pips
ECN From 0.6 pips
PRO From 0.1 pips
ISLAMICFrom 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 PlatformSupported Available Devices Suitable for
Web Platform Web/
Mobile PlatformMobile/
MT5PC, mobileExperienced traders
MT4Beginners

User Reviews

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User comment

2

Comments

Write a review

andry sanjaya
0-3months
slip page ya parah aku entry di doge yg fluktuatif dengan dana 20 usd pasang di sl 5 usd sesuai platform.tp saat akan menyentuh di sl 5 usd.aku ubah di slnya sampai 7 usd.dan dikompirmasi oleh platform nya heranya candle berbalik arah naik yg aku perhatikan dip/l udah propit naik tapi diaset aku Ndak gerak aku kaget juga ni apa ko dip/l nya gerak hijau tapi diaset enggak gerak.aku buka posisi udah dicat loos di 5usd .aku kembali ke chart oh teryata udah catloos.okelah namanya aku scalper sering cepat entry.ganti ganti sl karna resiko tinggi jika ingin mencapai sl aku angkat tinggi lagi slnya dan dikompir.tapi saat entry kedua aset sisa 14 usd aku pasang lagi sl di 5usd sesuai plat from nya sebelum candle mencapai 5usd aku angkat lagi sampai 9usd udah mentok aja disitu biar ada sisa 5 usd tapi herannya distop loos dengan 0.000 usd.parah aku saranin jangan pakai broker ini sumpah parah aku tertarik diapp ini karna speadnya rendah doang.
slip page ya parah aku entry di doge yg fluktuatif dengan dana 20 usd pasang di sl 5 usd sesuai platform.tp saat akan menyentuh di sl 5 usd.aku ubah di slnya sampai 7 usd.dan dikompirmasi oleh platform nya heranya candle berbalik arah naik yg aku perhatikan dip/l udah propit naik tapi diaset aku Ndak gerak aku kaget juga ni apa ko dip/l nya gerak hijau tapi diaset enggak gerak.aku buka posisi udah dicat loos di 5usd .aku kembali ke chart oh teryata udah catloos.okelah namanya aku scalper sering cepat entry.ganti ganti sl karna resiko tinggi jika ingin mencapai sl aku angkat tinggi lagi slnya dan dikompir.tapi saat entry kedua aset sisa 14 usd aku pasang lagi sl di 5usd sesuai plat from nya sebelum candle mencapai 5usd aku angkat lagi sampai 9usd udah mentok aja disitu biar ada sisa 5 usd tapi herannya distop loos dengan 0.000 usd.parah aku saranin jangan pakai broker ini sumpah parah aku tertarik diapp ini karna speadnya rendah doang.
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2024-11-25 13:21
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WikiFXID1
more than one year
At first, I thought IQTrade was great, but later I realized their swap rates are too high, which is terrible for swing traders. Do yourself a favor and avoid wasting money with one of the worst brokers out there!
At first, I thought IQTrade was great, but later I realized their swap rates are too high, which is terrible for swing traders. Do yourself a favor and avoid wasting money with one of the worst brokers out there!
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2024-02-29 16:29
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