IOTA-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

Founded in the UK, IOTA GLOBAL LIMITED is an independent broker in the trading of foreign exchange, contract for differences and spread game products. IOTAs services are not open to China, Cuba and North Korea. There is no regulatory license details displayed on the IOTA website. So, investing with IOTA can be a risky activity.

Markets Instruments

IOTAs trading services include more than 50 foreign exchange currency pairs, indices, contracts for differences, gold, silver, crude oil and other commodities.

Minimum Deposit

You can open an account with a starting capital of $10. Although this is the reasonable requirement, traders are still not advised to start real trading here, as IOTA is an unregulated broker.

Leverage

IOTA offers flexible trading leverage, from 1:100 to 1:200. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Spreads & Commissions

As per IOTAs official website, the spread on the EURUSD pair is from 0.1 pips, with no commissions mentioned, which is too low to be true.

Trading Platform Available

IOTA offers its traders MetaTrader5 (MT5) trading platform. This is the successor of the most popular industry solution MetaTrader4 and only builds upon its glory. Charting is still on the same top-tier level, with additional functionality, such as having the high-impact economic releases plotted on the chart. Additionally, there is a new iteration of the MQL marketplace, where traders can obtain custom tools, such as new technical indicators and automated trading systems.

Deposit& Withdrawal

IOTA provides payment with Credit/debit cards, Local bank transfer and UnionPay, Fasapay, Neteller, and WebMoney.

Customer Support

The IOTA customer support can be only be available 24/5 and can be reached through email: support@iotagloballtd.com. Unfortunately, live chat is not available.