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IQX Trade
Suspected Fraud
Suspected Fraud

IQX Trade

🇨🇳
  • Forex
  • Brokerage
1-2 years
Website

Current Rating

2.71

Industry Tier

D

Profile

IQX Trade Group LLC, also known as IQX Trade, is an online financial company offering diversified trading services in currencies, commodities, stock indices, stock CFDs, cryptocurrencies, and more. Despite the lack of detailed registration information, the platform offers standard accounts, ECN accounts, and swap-free accounts, with a minimum deposit of $100 to start trading, enjoying up to 1:500 leverage and 0.1 pips low spread. Running on MetaTrader 5, it provides a demo account for practice, and customer support is available via telephone and email. Official website: https://iqxtrade.net.

Corporate and Regulatory Information of IQX Trade:

The domain name of IQX Trade was registered on May 25, 2023. IQX Trade claims to be registered by the Financial Services Authority (FSA) in Saint Vincent and the Grenadines with registration number 579 LLC 2020, but details about its company registration are hard to verify. Despite the company's claims of having office addresses in the UK, Thailand, the Philippines, Vietnam, and Colombia, no specific information about its physical presence has been found. This lack of transparency raises questions about the legality and reliability of its business, posing a clear risk signal to potential investors.

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How to Open an Account with IQX Trade?

The steps to open an account with IQX Trade are simplified as follows:

  • Register an Account: Visit the IQX Trade official website, click on the "Register" or "Login" button. Fill in the registration form, agree to the terms, and submit to start account creation.
  • Verify Account: Receive a verification link or code in your email, and use the link or code to complete account verification.
  • Deposit Funds: Log into your account. Go to the "Deposit" area, choose a deposit method. Enter the amount and follow the instructions to complete the deposit process.
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Account Types Offered by IQX Trade:

IQX Trade offers three types of accounts to suit the needs of different traders:

Standard Account:

Minimum Deposit: $100

Spread: from 1.4 pips

Leverage: 1:500

Commission: None

Swap Support: Yes

Account Currency: USD

ECN Account:

Minimum Deposit: $500

Spread: from 0.1 pips

Leverage: 1:500

Commission: $6 per lot

Swap Support: Yes

Account Currency: USD

Swap-Free Account:

Minimum Deposit: $5,000

Spread: from 1.4 pips

Leverage: 1:500

Commission: None

Swap Support: No

Account Currency: USD

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Market Tools Offered by IQX Trade:

IQX Trade provides a variety of trading products, but these opportunities come with significant risks:

  • Forex: Despite being able to leverage up to 1:1000 for trading major and minor currency pairs, this high leverage can lead to substantial capital loss.
  • Commodities Market: While accessing precious metals, energy, and agricultural products with low spreads and high leverage, the volatility in commodity prices can quickly amplify losses.
  • Stock Indices: Investing in global stock market indices may sound enticing, but even minor fluctuations can lead to significant losses due to leverages up to 1:200.
  • Stock CFDs: Zero commission and 1:20 leverage trading may be convenient, but the volatility of CFDs increases the risk of loss.
  • Cryptocurrencies: The instability of the crypto market, coupled with up to 1:1000 leverage, could lead to major capital loss in a short period.

In summary, while IQX Trade offers a variety of trading opportunities, the risks associated with high leverage trading cannot be ignored, and investors should proceed with caution.

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Trading Platform of IQX Trade:

IQX Trade enhances the user's multi-asset trading experience by providing the MetaTrader 5 (MT5) trading platform. MT5 is favored for its flexibility, powerful technical analysis tools, and automated trading capabilities. The platform allows trading in forex, stock CFDs, and futures, equipped with real-time market quotes and multiple order execution modes, making tracking and responding to market changes more convenient. MT5's user interface is both user-friendly and customizable, meeting the needs of various traders.

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Customer Support at IQX Trade:

IQX Trade can be contacted through the following means:

  • Asian Customer Support: +66991816627
  • European Customer Support: +4420378827312
  • Email: support@iqxtrade.com

Conclusion:

In conclusion, the lack of transparency and high leverage risks associated with IQX Trade may pose significant risks to investors, especially in the absence of clear regulation and company details. Users should consider carefully before investing. Currently, IQX Trade is listed as "Suspected Fraud" on TraderKnows.

User Reviews

2.71

Rated by 0 people

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FAQ About IQX Trade

01

What is the official website of IQX Trade?

The official website of IQX Trade is https://iqxtrade.net/.

02

Is IQX Trade legit or scam?

IQX Trade is currently listed as Suspected Fraud on TraderKnows.

03

What kind of company is IQX Trade?

IQX Trade is a Forex, Brokerage company.

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