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iQuoto -

Score

2.19 /10
Danger

iQuoto

United Kingdom

5-10 years

Suspicious Regulatory License

MT5 Full License

Global Business

United Kingdom Appointed Representative(AR) Revoked

High potential risk

https://iquoto.com

Influence

D

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Comparison

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Website

Score

Regulatory Index0.00

Business Index7.15

Risk Management Index0.00

Software Index8.43

License Index0.00

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Website

Licenses

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

iQuoto Limited

Company Abbreviation

iQuoto

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

iQuoto

United Kingdom

WikiFX Verification

iQuoto · Company summary
iQuoto Review Summary
Founded2018
Registered Country/RegionUnited Kingdom
RegulationFCA (Revoked)
Market Instruments/
Trading PlatformMT5
Customer SupportEmail: info@iquoto.com; tel: +44(0) 203 9506214; contact form
Address: Beyond - Aldgate Tower, 2 Leman Street, London, England, E1 8FA.
Restricted AreasUnited Kingdom, United States, Canada, North Korea, Iran, Belgium, Japan

iQuoto Information

iQuoto is a brokerage company registered in the United Kingdom in 2018. However, its website is quite non-informative with very limited information about its business scope and trading conditions. What we can obtain from its website is that the broker offers the industry-leading MT5 platform, but there's no access links. Moreover, it seems to invole in trading for forex and CFDs, but not for sure so far due to one-sentence mention about these two instruments only in the bottom of its website.

What makes matters worse is that the broker operates with no valid regulation from any authority bodies, indicating less complaince to industry standards and customer protection.

iQuoto Information

Pros and Cons

Pros Cons
NoneNo regulation
Limited info on trading conditions
Non-informative website
No download links for MT5
Not accept clients from certain areas

Is iQuoto Legit?

Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of iQuoto, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises significant concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.

Trading Platform

iQuoto boasts the availability of the world-leading and popular MetaTrader5 platform, which is advanced with features of fast trade execution, multiple charting tools and user-friendly interface.

However, there's no links to access this platform on its one-page website, which means that MT5 can be just a stunt and means of advocation by the broker. Actual trading platform the broker offers might be an unidentified one with simplistic functions.

Trading Platform

User Reviews

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User comment

3

Comments

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林辉昊
more than one year
I have been trading currency pairs at iQuotofor and I am happy so far, no complaints! My account is going well. I enjoy the user-friendly fast operating MT4 platform and the personal service from a professional account manager. I want to thank my account manager and everyone who has helped me. I would recommend this investment company.
I have been trading currency pairs at iQuotofor and I am happy so far, no complaints! My account is going well. I enjoy the user-friendly fast operating MT4 platform and the personal service from a professional account manager. I want to thank my account manager and everyone who has helped me. I would recommend this investment company.
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2023-03-21 16:45
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FX1369064471
more than one year
I was shocked to see that iQuoto offers accounts with no minimum deposit requirements. However, there is a minimum lot limit for trading, so I probably still have to invest a certain amount to trade.
I was shocked to see that iQuoto offers accounts with no minimum deposit requirements. However, there is a minimum lot limit for trading, so I probably still have to invest a certain amount to trade.
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2023-03-10 18:25
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