IQCCFD is a newly established online forex and CFD trading platform, primarily offering contracts for difference (CFD) trading services for foreign exchange, stocks, indices, commodities, and cryptocurrencies. According to its official website, the platform claims to be operated by Intelligent Quantum, advertised as a globally recognized online broker under the brand of liquidity provider Match-Prime.
However, the platform's actual market performance and credibility remain in question. Currently, the broker's market influence is low, with almost no user reviews, and its brand exposure is absent on social media. For traders, this implies lower transparency of the platform, necessitating extra caution in verifying its legality and fund security.
Time of Establishment
The domain registration time for IQCCFD is February 15, 2024 (as shown by whois), indicating that the platform is still in a very early operational stage, lacking sufficient market validation and user feedback.
Regulatory Information
The official website claims that the platform is operated by MTG Liquidity Limited, with a license number 390/20, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). However, upon investigation, the license number does indeed belong to MTG Liquidity Limited, but its association with IQCCFD itself remains unclear. More importantly, IQCCFD is not regulated by the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA), which means that legally, its trading environment may lack effective investor protection mechanisms.
Registration Information
The company is registered at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines, which is a typical offshore address, commonly used by forex brokers to avoid taxes or more stringent regulatory requirements.
Account Types
The brokerage offers four different types of accounts to cater to the needs of varying traders.
STANDARD Account
- Minimum Deposit: $30
- Minimum Withdrawal: $30
- Spread: Market execution
- Commission: None
- Maximum Leverage: 1:1000
- Swap: No
- Tradable Products: Forex, Metals, Cryptocurrencies, Indices
- Maximum Lots per Trade: Unlimited
- Maximum Number of Orders: 500
- Stop Out Level: 150%
- Margin Call Level: 30%
CLASSIC Account
- Minimum Deposit: $30
- Minimum Withdrawal: $30
- Spread: From 1.6 pips
- Commission: None
- Maximum Leverage: 1:1000
- Swap: No
- Tradable Products: Forex, Metals, Cryptocurrencies, Energies, Indices
- Maximum Lots per Trade: Unlimited
- Maximum Number of Orders: 500
- Stop Out Level: 150%
- Margin Call Level: 30%
CENT Account
- Minimum Deposit: $30
- Minimum Withdrawal: $30
- Spread: Market execution
- Commission: None
- Maximum Leverage: 1:1000
- Swap: No
- Tradable Products: Forex, Metals
- Maximum Lots per Trade: Unlimited
- Maximum Number of Orders: 500
- Stop Out Level: 150%
- Margin Call Level: 30%
VIP Account
- Minimum Deposit: $30
- Minimum Withdrawal: $30
- Spread: From 0.6 pips
- Commission: $4 per lot
- Maximum Leverage: 1:200
- Swap: Yes
- Tradable Products: Forex, Metals, Cryptocurrencies, Energies, Indices
- Maximum Lots per Trade: Unlimited
- Maximum Number of Orders: 500
- Stop Out Level: 150%
- Margin Call Level: 30%
These account settings indicate that IQCCFD offers a relatively high 1:1000 leverage, but the leverage is restricted to 1:200 for VIP accounts. Higher leverage can increase profit opportunities but also poses greater risks of loss.
Trading Software
The broker claims to use MetaTrader 5 (MT5) as its main trading platform. However, the Traderknows team did not find IQCCFD's server in the MT5 server list, suggesting that the platform might not have fully established an MT5 trading environment, or their server is not publicly accessible.
Usually, legitimate forex brokers are found in the MT5 or MT4 server lists. If the broker hasn’t registered its server, it may mean that its trading environment is not yet mature.
Deposit and Withdrawal Methods
IQCCFD's official website shows that it supports the following payment methods:
- Bitcoin
- Online bank
- Neteller
- Perfect Money
However, the platform doesn't provide detailed deposit and withdrawal processes, fee information, or processing times, which may impact the liquidity and security of a trader's funds. A reputable trading platform typically offers transparent deposit and withdrawal policies, a lack of which in this case warrants caution.
Agent Policy
IQCCFD offers an IB Program (Introducing Broker Program) on its website, but the page cannot be accessed, meaning users cannot learn about its specific agent policies and commission structures. This lack of transparency might affect the trust of agents considering partnership.
Educational Resources
IQCCFD offers some basic educational resources, including introductions to leverage and spread. However, these contents are relatively simple, not delving into deeper trading strategies or market analysis, and are limited compared to the comprehensive educational offerings provided by leading industry brokers.
Market Reputation and User Feedback
- Extremely low website traffic, according to Tranco data, IQCCFD's official site traffic is too low to be ranked, indicating very few users.
- No user reviews can be found online, which is very unusual for a broker claiming to offer global trading services.
- No social media accounts, as this broker does not have LinkedIn, Facebook, Instagram, or Twitter accounts, which is uncommon for a proper forex broker and suggests insufficient market promotion.
IQCCFD Contact Information
- Email: [email protected]
- Phone: +66 20072226
- Official Website Contact Form
Risk Assessment Report
Regulatory Risk
Although the broker claims associations with Match-Prime and CySEC-regulated MTG Liquidity Limited, the actual relationship is unclear, and its primary registration is still in St. Vincent and the Grenadines, unregulated by strict standards.
Market Reputation Risk
There is virtually no user feedback on this broker in the market, with extremely low traffic and insufficient brand exposure, lacking reliable market recognition.
Funds Safety Risk
The detailed deposit and withdrawal policy is not disclosed, which may indicate issues with funds liquidity, requiring investors to carefully check before depositing.
Trading Environment Risk
The MT5 server is undetected, possibly indicating that the platform's trading environment is still immature or that its server is not yet publicly accessible.
Final Conclusion
IQCCFD is still in its early development stage, with low market reputation and non-transparent regulation, casting doubt on the security of funds. Investors are advised to thoroughly assess its trading environment and fund safety before considering using this platform to mitigate potential risks.
