iQuoto-The overview of minimum deposit, leverage, spreads

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.

Pros and Cons

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.