简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Would you say that your broker has ripped you off?
If so, then you're certainly not alone. While scammers are a problem whenever there are plenty of transactions, the currency market is especially susceptible. Although authorities keep cautioning investors to stay away from suspicious brokers, you must also exercise due care while selecting a forex broker. Here, we expose IQ Option, a fraudulent forex broker.
IQ Option - A Quick Summary
Founded in 2013, IQ Option (https://iqoption.com/en) is headquartered in St. Vincent and Grenadines. Incepted as a pure binary options firm, the broker has expanded its offerings to include forex, commodities, equities, indices, ETFs, and cryptocurrency trading for retail clients. The company does not feature third-party trading software but provides its custom-built trading platform where customers may look for trading possibilities. The minimum amount to open an account with the firm is $10. The broker also provides clients access to a learning center to aid their development.
Is IQ Option Regulated?
IQ Option is registered with SVGFSA and complies with CySEC regulations. In addition, brokers with similar names also appear in the VFSC register, but no other information is available, such as a website or a contact.
Clients Feedback
Investors generally speak badly about IQ Option. Some customers complained about the broker's lack of openness in deal executions, while most complaints focused on the company's withdrawal policies. Clients claim that the broker manipulates prices to make them lose money. Let us show you some excerpts from sites like WikiFX and others that provide impartial reviews.
How does IQ Option Scam Clients?
Despite being a regulated broker, the company appears to follow the same strategy as many other scam entities do. When a client opens an account with the broker, it starts taking follow-ups via email and phone. According to clients, the person in contact claims to be your account manager and asks you for deposits. Even if you deny it for the first time, the company keeps pushing unless you fund your account. The broker takes every chance to lure you into false profit-making schemes and promises unrealistic returns.
However, it starts behaving quite the opposite after receiving funds from you. In addition to ceasing communicating with you, it sometimes blocks access to your account. Many clients have reported that they could never withdraw their funds from the company.
Bottom Line
Always double-check the facts with forex authorities and confirm the regulation status of a broker on the concerned regulator's website before signing up with it. And you may see numerous positive reviews about your prospective broker on different websites, but you should be wary of relying too heavily on reviews without verifying the material.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
In this article, we will conduct a comprehensive examination of Tattvam Markets, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.
In a landmark move that underscores Indonesia's embrace of digital currencies, Bitcoin Indonesia has inaugurated the Bitcoin House in Bali. By opening this dedicated space, Bitcoin Indonesia aims to educate the public, influence government policy, and demonstrate the economic benefits of adopting Bitcoin.
Dukascopy Bank integrates MetaTrader 5, boosting trading tools and client options. The firm sees profit growth and has launched a new crypto lending program.
A Chinese trader fell prey to a sophisticated hacking scam on Binance, losing $1 million after hackers exploited a deceptive Chrome plugin, Aggr, to bypass security measures, execute leveraged trades, and manipulate low liquidity trading pairs, raising questions about Binance's security protocols and responsibility for compensating such losses.