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No Regulation
Score
1.15 /10
Danger
IQFXOPTIONS
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index4.23
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
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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Warning: Low score, please stay away!
Previous Detection :
2024-12-22
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| IQFXOPTIONS Review Summary | |
| Found | 2023 |
| Registered Country/Region | China |
| Regulation | No Regulation |
| Market Instruments | Forex Pairs, Commodities (metals, energy), Indices and Cryptocurrenceis |
| Demo Account | ❌ |
| Trading Platform | / |
| Maximum Leverage | 1:500 |
| Minimum Deposit | €300 |
| Customer Service | Online Chat |
IQFXOPTIONS Information
IQFXOPTIONS is an unregulated investment broker registered in China. It offers a wide range of trading instruments and four types of account types, all requiring a high minimum deposit.
Pros and Cons
| Pros | Cons |
| Multiple Trading Choices | Lack of Legal Regulation |
| No Demo Accounts | |
| Limited Info on Contact Channels | |
| High Minimum Deposit |
Is IQFXOPTIONS Legit?
IQFXOPTIONS is not subject to any legal regulation. Its domain was registered on October 25, 2023, and is set to expire on October 25, 2025.
IQFXOPTIONS claims to be an investment advisory firm with the license from the US Securities and Exchange Commission (SEC).
However, no information about IQFXOPTIONS can be found on the official website of the SEC. Therefore, you are advised to avoid such brokers.
What Can I Trade on IQFXOPTIONS?
IQFXOPTIONS offers a wide range of trading instruments, including forex pairs, commodities (metals, energy), indices and cryptocurrenceis.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ❌ |
| Mutual Funds | ❌ |
| Bonds | ❌ |
Account Type/Leverage
IQFXOPTIONS offers four kinds of accounts: Basic, Silver, Gold, and VIP. The minimum deposit set for each account is €300, €1,000, €5,000, and €50,000 respectively. The maximum leverage offered is 1:500.
Customer Service
IQFXOPTIONS only allows contact through online chat. It does not provide any specific contact information and only sets up a page where you can enter your personal information and questions to initiate contact.
| Contact Options | Details |
| Online Chat | 7/24 |
| Supported Language | English, Chinese |
| Website Language | English, Chinese, Afrikaans, Shqip, etc |
The Bottom Line
IQFXOPTIONS is a forex broker that offers various trading tools with a relatively high minimum deposit. It lacks transparency in information concerning fees. In addition, IQFXOPTIONS lacks legal regualtory license, so you are advised to stay away from this broker.
FAQs
Is it safe to trade with IQFXOPTIONS?
No, trading with IQFXOPTIONS is unsafe given the lack of legal regulation.
What is the minimum deposit required by IQFXOPTIONS?
The minimum deposit is €300.
What is the maximum leverage offered by IQFXOPTIONS?
The maximum leverage is 1:500.
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