WikiFX Review: Beware of IQ Option, who was suspected fake clone!

Recently, an investor broke the news that it was impossible to withdraw money in IQ Option. The informant claimed that all his money was in IQ Option, and the platform used various means and reasons to make it impossible for him to withdraw his money. Here are many investor complaints about the broker on the WikiFX platform.

Is this a reliable forex trader？ Many people who want to invest in this trader have asked us, and we will find out after we do some research.

Learning from their website(https://iq-option.com), IQ Option claimed that they are a trustworthy binary options broker, best known for its intuitive trading platform.

As soon as I saw this platform, I couldn't help but raise my guard. Because the Financial Conduct Authority in the UK issued a statement as early as 2017, the sale of all binary options to retail consumers is now banned. If you are offered binary options, it is probably a scam.

From 2 April 2019, we permanently banned firms from selling binary options in the UK.

This follows the European Securities and Markets Authority‘s (ESMA) temporary ban on the sale of binary options to retail consumers across the EU, including the UK, since 2 July 2018. Our ban includes certain binary options that were excluded from ESMA’s temporary ban.

WikiFX also paid a visit to their social media to learn more. To my surprise, social media is full of negative information about IQ Option, where most investors share their experiences of being cheated.

“When you train on presentation accounts, everything is fine,” says one investor. However, once you put real money into your real account, the great scam begins. Once you deposit your money, they will change candles, charts and other operations in the background to make your money lose.

This is undoubtedly a scam, an attempt to extract money from customers through deception. Actually, most of investors should be highly vigilant when they see this.

Now let's search “IQ Option” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

Type IQ Option into the WikiFX and you'll find more than 10 companies named IQ Option, and scores are poorly.

This is a terrible thing! This has to make people worry that these are a fake platform, using the so-called “perfect platform” to commit fraud. If they are not careful with their investments, they will fall into an investment scam.

IQ Option claimed that they are licensed by Cyprus Securities and Exchange Commission(CYSEC), but WkiFX couldn't find any information about it on the CYSEC website, so it could possibly be suspected fake clone.

Besides, based on information given on WikiFX https://www.wikifx.com/zh-cn/dealer/3244953969.html), IQ Option currently has no valid regulatory license and the score is rather negative - only 1.32/10! WikiFX will comprehensively score dealers in five aspects: license index, business index, risk control index, software index and regulatory index. Since IQ Option does not have any supervision and does not obtain regulatory license, its license index, risk control index and regulatory index are all 0 points, and the final total score is 1.32 points (full score of 10 points). Investors can be through the eye of the traders how the overall situation, at a glance, the higher the score, the more trustworthy, the lower the need to be vigilant!

In a nutshell, it's not wise to invest in IQ Option. The so-called brokerage firm is nothing but a complete fraud, WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing.

You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed. In addition, scam victims are advised to seek help directly from the local police or a lawyer.

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