IQMarkets CFD Review
Unregulated platforms do not last long in the market, and they may disappear with customers’ funds. IQMarkets CFD does fall under any regulatory body, and this should serve as a warning sign. Instead, they try to seem legit by using fake incorporation documents.
IQMarkets CFD is an offshore forex broker that may rob your all funds once you fall for their catch. They claim to offer investors safe trade, but this will not be the case. In this unbiased review, we focus on the red flags they expose.
Therefore, as you read further to try and determine if IQMarkets CFD is legit or a scam, there are legit and transparent forex brokers that you can rely on and earn reasonable profits. Also, risk measures are in place to curb unwanted losses.
They claim to feature a user-friendly interface, and traders can access an opportunity to explore the trading world. Additionally, they urge newbie investors can also get a slice of the cake. Besides, the educational content available is basic and not enough to rely on.
Trading is not a joke; hence relying on the wrong information may result in significant losses. IQMarkets CFD offers its customers investment opportunities on forex, CFDs, and binary trading. Thus to access the services, you can download the software on your phone or use a web-based platform.
The algorithm the software uses is unknown, and there is no guarantee you can rely on them. Automated trading is highly recommendable over human trading due to the inability to hold emotions. But trusting the wrong software may not have pleasing results; hence this is a major red flag on IQMarkets CFD.
Moreover, they urge traders that through the company, you achieve tremendous experience. The only experience you will have is never to trust a Ponzi scheme with your funds. Platforms that operate with a similar style of operation as IQMarketscfd.com will constantly contact you with pleasing offers and bonuses.
Accordingly, once you fall for their catch, your business with them is done. Some transactions are irreversible, and they may hold your funds for long till you finally give up and stop contacting them. The investors are only required to pick a product and start earning returns.
IQmarketscfd.com software can provide certain trade conditions such as Tight spreads, default leverage of 1:50, and experts within the niche can request an increase in leverage. The system also provides zero margins together with multiple instruments and a range of expiries.
Transparency should always be your top consideration before investing in any company. IQMarkets CFD hides its founders and team of employees’ data from traders. This data should always be available.
In addition, with one account, you can use 2 trading platforms. The most popular currency pairs include GBP/USD, USD/JPY, EUR/JPY, USD/CAD, and USD/JPY. IQMarkets helps traders to follow the volatile market through how they plan to do this is unknown. You can access the platform 5 days a week and trade on various assets.
Meanwhile, they brag about having more than 7 years of experience, yet they do not even feature three months past trade data. Legit companies will always showcase past trade data that is easily verifiable.
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IQMarkets CFD Funds Safety
IQMarkets CFD urges traders that funds are kept in segregated accounts. Additionally, the founder information and the people behind the companies’ operation are hidden from traders. This shows some murkiness in their dealings and a hidden agenda, mainly to swindle investors’ funds.
The company accepts multiple deposit methods such as Skrill, MasterCard, and Visa, among others. Some methods are irreversible, and based on the style of operation, not only are you at the peril of becoming a scam victim. The minimum trade amount is $300, and they do not have any banking information that you can reach them with.
There is no evidence of any withdrawals made by traders. If they were generating the said returns at all, the traffic on the website ought to be higher. IQMarkets CFD should not be trusted with a single dime from you.
The style of operation they use is not known despite their claims of having a suitable trading technology. Scammers will promise you the world with no approach methods. IQMarkets, the company, does not have any positive feedback to recommend any of their services. The company is also poorly presented and lacks professionalism.
IQMarkets CFD provides an address pointing to 10004 Manhattan, New York City, NY. Accordingly, the address is made up and does not have any correlation with the investment firm. Also, they feature telephone contact +14422433640 and email, [email protected] for operations center and sales and support lines.
Thus working contact support should always be available to you. Scammers will randomly come up with numbers or avoid any business with you as soon as you deposit your funds. Legit forex brokers that you can count on to generate for reasonable profits will always respond.
IQMarkets CFD Regulation Status
Different countries have set up various measures to protect their citizens from scammers. Therefore, for most platforms to generate funds from the public, they need to follow regulatory measures. Regulated platforms showcase a high level of transparency, and you can easily find all the relevant, verifiable data.
Unregulated platforms do not last long in the market, and they may disappear with customers’ funds. IQMarkets does fall under any regulatory body, and this should serve as a warning sign.
Instead, they try to seem legit by using fake incorporation documents. Scammers will pay quacks to make fake documents, and similar traits are visible in IQmarketscfd.com. The founders risk facing criminal prosecutions, and is probably the main reason similar identity is hidden.
There is a difference between regulation and registration. Thus you should be able to tell the difference easily. Ponzi Schemes can barely afford to pay regulation costs, and you should avoid such companies like IQMarkets CFD. Whoever is behind this scam is looking out for their personal needs.
IQMarkets CFD is a definite money laundering scheme that will swindle all your funds. The company features a shady incorporation certificate that is made up. They do not have any suitable style of operation that you can count on. You risk losing all your funds with anonymous brokers.
There is not a single detail showing that you are dealing with professionals. Their level of qualification is also not known. Moreover, no trading activity is taking place within the company. IQMarkets CFD does not feature any historical data to assert it is a profit-oriented company.
Therefore, you should avoid the company at all costs as nothing they do or promise traders makes sense. Also positive feedback is very helpful as it guarantees more trust with the company. IQMarkets CFD only focuses with customers’ funds and you should not waste a single dime in the investment firm. Thus you may consider making the right decision and trusting legit brokers that are transparent and will surely generate reasonable profits for you.
There isn’t any evidence of any successful traders that have made profits, and the result is not likely to change when you invest. Trading involves taking risks, and the market has high competition and volatility. Therefore, the same result that was profiting for an individual might not similarly benefit you.
Hence you should operate with professionals who know the trade if you are looking to make returns. Investing in IQMarkets CFD is not recommendable, and your funds are at great risk. Avoid this broker like a plague. They lack all the wonderful features of legitimate ventures.