IQFXOPTIONS Spreads, leverage, minimum deposit Revealed

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

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.

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.

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.