iQuoto

What is iQuoto？

iQuoto is an unregulated online trading platform that offers over 400+instruments, including forex, index CFDs, precious metals and energy CFDs. The platform provides clients with various account options, such as Standard and ECN Accounts, each tailored to different trading preferences and experience levels. iQuoto offers competitive spreads, commission structures and MetaTrader5 (MT5) trading platform.

Pros & Cons

Pros:

• Multiple Account Types: The platform offers diverse account types, including the STANDARD Account and ECN Account, catering to various trading needs and experience levels.

• Multiple Customer Support Channels: iQuoto provides various customer support channels including phone, email, address, and contact form, enhancing accessibility and assistance for clients.

Cons:

• No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency.

Is iQuoto Legit or a Scam？

iQuoto currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.

Market Instruments

IQuoto boasts a diverse range of trading instruments, offering clients access to over 400+ financial instruments across various asset classes. Traders can engage in forex trading, accessing a wide array of currency pairs to capitalize on fluctuations in global exchange rates.

Additionally, the platform provides index CFDs, allowing investors to speculate on the performance of major stock indices from around the world. For those interested in commodities, IQuoto offers precious metals and energy CFDs, enabling traders to participate in the markets for assets like gold, silver, oil, and natural gas.

Account Types

IQuoto offers a range of account options to cater to the diverse needs of traders. For those seeking flexibility, the Standard Account stands out with its minimum deposit requirement of $0, providing accessibility to traders of all levels. This account type offers a straightforward trading experience with competitive spreads and no commission charges, making it ideal for beginners or those looking to test the waters without a significant financial commitment.

On the other hand, for traders seeking enhanced trading conditions and access to deeper liquidity, the ECN Account requires a minimum deposit of £2000. With the ECN Account, traders can benefit from tighter spreads and direct market access, enabling faster execution speeds and lower trading costs.

Leverage

IQuoto offers a maximum leverage of 1:30, providing traders with the opportunity to amplify their trading positions relative to their initial investment. With this leverage ratio, traders can control larger positions in the market with a smaller amount of capital, magnifying both profits and losses. While leverage can enhance trading opportunities and returns, it also increases risk, as traders are exposed to greater fluctuations in the market.

Spreads & Commissions

IQuoto provides competitive spreads and commission structures tailored to suit the trading preferences of its clients across different account types.

For Standard Accounts, traders benefit from spreads starting from 1.3 pips, offering cost-effective access to the markets. Additionally, Standard Account holders enjoy commission-free trading, allowing them to execute trades without incurring additional fees on a per-lot basis.

On the other hand, ECN Account holders experience raw spreads, providing direct market access and transparency in pricing. While ECN Account spreads may vary based on market conditions, traders benefit from a commission of $3 per lot per side, ensuring a transparent fee structure and facilitating precise cost management.

Trading Platform

IQuoto provides its clients with access to the MetaTrader5 (MT5) trading platform, renowned for its advanced features and user-friendly interface. MT5 offers a comprehensive suite of tools for trading various financial instruments, including forex, stocks, commodities, and cryptocurrencies.

With MT5, clients can execute trades efficiently, analyze market trends with customizable charts and indicators, and automate trading strategies using expert advisors (EAs). The platform also offers real-time market data, news updates, and economic calendars to help traders make informed decisions.

Customer Service

iQuoto provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.

• Phone: +44(0) 203 9506214

• Email: info@iquoto.com

• Address: C/O Jellyfish Limited 28th Floor, The Shard32 London Bridge Street London, SE1 9SG; 26/27 Van Alloys Business Park, Stoke Row,Henley-On-Thames, England, RG9 5QW.

• Contact form

Conclusion

In conclusion, iQuoto offers an extensive range of trading instruments, various account types, MT5 trading platforms, and a comprehensive and accessible customer support network, making it an advantageous platform for various investors with varying investment styles and goals. However, the lack of valid regulation raises significant concerns about the safety and trustworthiness of the platform.

Frequently Asked Questions (FAQs)

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.