iQuoto Global is a Forex broker that was registered on December 12, 2019, in Saint Vincent and the Grenadines, primarily offering investors trading services in financial derivatives such as stocks, indices, commodities, and cryptocurrencies. This broker does not provide services to jurisdictions that may violate local laws or regulations.
Registration Information and Regulatory Status:
According to public information displayed on the official website of iQuoto Global, the business entity registered in Saint Vincent and the Grenadines is iQuoto International Limited, with the specific registration address at Suite 305, Griffith Corporate Center, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines, and the company registration number is 25708. According to information from a Whois search, the official domain name of this broker was registered on January 28, 2020.
Upon verification, the Financial Services Authority of Saint Vincent & Grenadines (SVGFSA) lists a business named iQuoto International Limited, with registration number 25708. However, the SVGFSA does not "regulate, monitor, supervise or license" commercial companies (BC) engaged in Forex trading or brokerage businesses. The regulatory scope is limited to ensuring BCs comply with the obligations set out in the Revised Laws of Saint Vincent and the Grenadines, Chapter 149 of the Business Companies (Amendment and Consolidation) Act of 2009.
Therefore, the financial derivatives trading business operated by this broker is not under effective regulation.
Opening an Account:
To open an account with iQuoto Global: Visit the broker's official website and click on "Get Started" on the homepage or "Sign Up" at the top right corner of the webpage to enter the account registration page. Follow the steps and requirements, fill in personal information such as name, email address, phone number, etc., and submit. Once approved, the account is successfully registered.
Account Types:
iQuoto Global offers users two types of real trading accounts: Standard Account and Raw Account.
- Trading Platform: MT5
- Spreads: From 1.8 pips
- Trading Commission: 0
- Maximum Trading Leverage: 1:1000
- Base Currencies: GBP, EUR, USD
Raw Account:
- Trading Platform: MT5
- Spreads: From 0.0 pips
- Trading Commission: $4 per lot per side
- Maximum Trading Leverage: 1:1000
- Base Currencies: GBP, EUR, USD
Trading Platform:
iQuoto Global's official website claims to offer the MT5 trading platform to its users, but no download link is provided on its website, and the broker cannot be found on the MT5 platform.
Deposits and Withdrawals:
iQuoto Global supports deposits and withdrawals via credit/debit cards, bank transfers, and e-wallets.
Summary:
Traderknows reminds investors that iQuoto Global is an unregulated forex broker. Traderknows advises investors to choose brokers that are transparent, well-regulated and reputable for their trading activities, in order to avoid unnecessary losses of their assets.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
