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IUBO -

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Score

1.57 /10

Danger

IUBO

Item: IUBO
Rating: 1.57

The Virgin Islands

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://www.iubofx.com/en

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Comparison

Quantity 8

Exposure

Time Machine

Website

Score

Regulatory Index0.00

Business Index7.48

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!

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

40G

open now

Broker Information

Company Name

IUBO Investment Management Co.,Ltd

Company Abbreviation

IUBO

Platform registered country and region

The Virgin Islands

Company website

http://www.iubofx.com/en

Company summary

Pyramid scheme complaint

Expose

IUBO · Company summary

Note:IUBO's official website:http://www.iubofx.com/en/ is currently inaccessible normally.

Aspect	Information
Company Name	IUBO
Registered Country/Area	The Virgin Islands
Founded Year	2004
Regulation	NFA(Unauthorized)
Trading Platform	MT4/5
Customer Support	Phone: 4001522678, Email:service@iubofx.com

IUBO Information

Operating with an illegal NFA status, IUBO, registered in the Virgin Islands and founded in 2004, The firm provides client help by phone at 4001522678 and email at service@iubofx.com in addition to trading via MT4/5 systems.

Is IUBO Legit or a Scam？

	National Futures Association(NFA)
Current Status	Unauthorized
Regulated by	NFA
License Type	Common Financial Service License
License No.	0509434
Licensed Institution	IUBO INVESTMENT MANAGEMENT CO LTD

Downsides of IUBO

Fraud Risk: Operating under an unauthorized NFA status increases the likelihood of financial misconduct and fraud.
Lack of Regulation: Due to the company's unregulated nature, there is no official regulation to protect investor money or ensure fair trade practices.
Openness Issues: A lack of proper oversight may result in actions that lack transparency, affecting traders' perceptions of the platform's credibility.
Scam Potential: Being registered in the Virgin Islands and having illegal regulatory status increases the likelihood that the platform will be a hoax.

Negative IUBO Reviews on WikiFX

On WikiFX, “Exposure” is listed as a word of mouth recommendation from users.

Traders should evaluate information and analyze risks before trading on unregulated platforms. Please browse our platform for further information. By reporting dishonest brokers in our Exposure area, you can help our staff address any problems you may run into.

Currently, there are eight pieces of IUBO exposure. I'll introduce two of them.

Exposure.1 Scam

Classification	Scam
Date	September 20th,2018
Post Country	HongKong,China

The client claimed IUBO is a financial fraud tool used for market manipulation.You may visit:

https://www.wikifx.com/en/comments/detail/208097309320729.html

Exposure.2.Fake slippage

Classification	Fake slippage
Date	September 24th,2018
Post Country	HongKong,China

The customer claimed IUBO resulted in substantial losses with fake slippage, whereby crude oil prices fell dramatically in a minute on August 28.You may visit:

https://www.wikifx.com/en/comments/detail/208093205321917.html

Conclusion

In essence, trading with IUBO is dangerous given documented cases of false slippage and market manipulation. To guarantee a more safe trading experience, it is advisable to select well regulated and open brokers.

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Warning: Low score, please stay away! 2

Previous Detection : 2024-12-25

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Exposure

8 pieces of exposure in total

Pyramid scheme complaint

Expose

Scam

They manipulated the market, Scam!

2018-09-20 18:46

Severe Slippage

Serious slippage on IUBO

Their slippage for crude oil was ridiculous. It slipped from 76.323 at 20:00:07 on August 28th to 73.120! We all lost a lot!

2018-09-24 01:45

Others

EXis used to be known as IUBO

Please verifyIUBO’s fake trading problem. In case that more people are fooled. IUBO forced the orders in the client’s account to close out on August 31.

2018-09-03 05:57

Scam

Scam!

I traded on their MT5 platform. Their investment instructor gave me directions in Wechat groups. They asked me to buy crude oil and made my position liquidated. Somebody helps me!

2018-08-31 22:18

Scam

It exploded overnight

Iubo has WeChat orders.Overnight, our positions went up 60 percent or more.

2018-09-01 19:04

Others

Forced liquidation caused by account manipulation

The platform set up position to trade crude oil on August 29th.Then the market slipped 3300 pips or so in 1 minute,leading to all accounts liquidated.

2018-08-31 22:18

Scam

Fraud platform UBO

The fraud platform deliberately made us lose more than $6000.Many person from Xuchang has been defrauded of more than 1 million RMB.Hope you make an exposure on it.

2018-06-19 18:48

Others

IBO

IBO is a scam platform, letting us lose more than 6,000 US dollars. Our Xuchang suffered a total loss of more than one million. I hope you expose the platform. Our phone No.18939123667

2018-06-19 18:48

IUBO · Company summary

Note:IUBO's official website:http://www.iubofx.com/en/ is currently inaccessible normally.

Aspect	Information
Company Name	IUBO
Registered Country/Area	The Virgin Islands
Founded Year	2004
Regulation	NFA(Unauthorized)
Trading Platform	MT4/5
Customer Support	Phone: 4001522678, Email:service@iubofx.com

IUBO Information

Is IUBO Legit or a Scam？

	National Futures Association(NFA)
Current Status	Unauthorized
Regulated by	NFA
License Type	Common Financial Service License
License No.	0509434
Licensed Institution	IUBO INVESTMENT MANAGEMENT CO LTD

Downsides of IUBO

Fraud Risk: Operating under an unauthorized NFA status increases the likelihood of financial misconduct and fraud.
Lack of Regulation: Due to the company's unregulated nature, there is no official regulation to protect investor money or ensure fair trade practices.
Openness Issues: A lack of proper oversight may result in actions that lack transparency, affecting traders' perceptions of the platform's credibility.
Scam Potential: Being registered in the Virgin Islands and having illegal regulatory status increases the likelihood that the platform will be a hoax.

Negative IUBO Reviews on WikiFX

On WikiFX, “Exposure” is listed as a word of mouth recommendation from users.

Currently, there are eight pieces of IUBO exposure. I'll introduce two of them.

Exposure.1 Scam

Classification	Scam
Date	September 20th,2018
Post Country	HongKong,China

The client claimed IUBO is a financial fraud tool used for market manipulation.You may visit:

https://www.wikifx.com/en/comments/detail/208097309320729.html

Exposure.2.Fake slippage

Classification	Fake slippage
Date	September 24th,2018
Post Country	HongKong,China

The customer claimed IUBO resulted in substantial losses with fake slippage, whereby crude oil prices fell dramatically in a minute on August 28.You may visit:

https://www.wikifx.com/en/comments/detail/208093205321917.html

Conclusion

User Reviews

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