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IQProFX

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.iqprofx.com/

Website

Rating Index

Contact

support@iqprofx.com
https://www.iqprofx.com/
71-75, Shelton Street, Covent Garden, London, WC2H 9JQ, UNITED KINGDOM

Licenses

No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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IQProFX · Company Summary

Aspect Information
Registered Country/Area United Kingdom
Founded Year 2-5 years
Company Name TRADERS VOLT LTD
Regulation Lacks proper regulation
Minimum Deposit $100 (Central), $500 (Pro), $1000 (VIP), $5000 (RAW)
Maximum Leverage 1:100 (RAW), 1:500 (Central), 1:2000 (Pro), 1:5000 (VIP)
Spreads Central: 1.0 pips EUR/USD, 1.2 pips GBP/USD
Trading Platforms MT4, MT5, Mobile Trading (iOS/Android), Web Trader
Tradable Assets Forex, Indices, Commodities, Stocks
Account Types Central, Pro, VIP, RAW
Demo Account Not specified
Islamic Account Not specified
Customer Support Email: support@iqprofx.com
Payment Methods Credit cards, debit cards, wire transfers, e-wallets
Educational Tools Not specified

Overview of IQProFX

IQProFX is a brokerage firm based in the United Kingdom that has been operating for 2-5 years. However, their main website is currently down, which may raise concerns about their online presence and accessibility. It is important to note that IQProFX lacks proper regulation which poses potential risks for clients.

They offer a range of financial instruments, including forex currency pairs (major, minor, and exotic), indices (such as S&P 500 and Dow Jones Industrial Average), commodities (gold, silver, oil, natural gas), and a limited selection of stocks (major companies).

IQProFX provides different account types with varying features and requirements. These include the Central account (minimum deposit $100), Pro account (minimum deposit $500), VIP account (minimum deposit $1000), and Raw account (minimum deposit $5000), each with its own spreads and leverage options.

basic-info

Pros and Cons

IQProFX offers a range of pros and cons for traders to consider. On the positive side, they provide a wide range of forex currency pairs, allowing traders to diversify their portfolios. Additionally, IQProFX offers major stocks from around the world, providing opportunities for trading in different markets. The availability of different account types with varying spreads caters to various trading needs. Traders also have the option of leveraging their positions with multiple leverage options, up to 1:5000. IQProFX offers multiple trading platforms, including the widely recognized MT4 and MT5. Mobile trading platforms for iOS and Android devices provide access to trading on the go. Furthermore, customer support is available through email, allowing traders to seek assistance when needed. On the downside, IQProFX lacks proper regulation, which may raise concerns for some traders. The main website being currently down can cause inconvenience and limited access to information. There is also a limited number of stocks available for trading. Traders need to be aware of the potential risks associated with high leverage. Additionally, deposit and withdrawal fees may apply, and there are varying minimum deposit requirements for different account types. The lack of information on trading conditions and execution speed is a drawback, and there are limited customer support options. It is important for traders to carefully consider these pros and cons before engaging with IQProFX.

Pros Cons
Wide range of forex currency pairs Lack of proper regulation
Offers major stocks from around the world Main website currently down
Different account types with varying spreads Limited number of stocks
Multiple leverage options, up to 1:5000 Potential risks associated with high leverage
Multiple trading platforms including MT4 and MT5 Deposit and withdrawal fees may apply
Mobile trading platforms for iOS and Android devices Varying minimum deposit requirements for different account types
Customer support available through email Lack of information on trading conditions and execution speed
Limited customer support options

Is IQProFX Legit?

IQProFX, a broker in the financial industry, lacks proper regulation. It is crucial to exercise caution when dealing with this company due to the absence of valid regulatory oversight. Potential clients should be aware of the associated risks before engaging in any financial transactions or investments with IQProFX.

regulation

Market Instruments

FOREX

IQProFX offers a wide range of forex currency pairs, including major, minor, and exotic pairs. Some examples of major currency pairs include EUR/USD, USD/JPY, and GBP/USD. Minor currency pairs include AUD/USD, NZD/USD, and USD/CAD. Exotic currency pairs include TRY/USD, RUB/USD, and BTC/USD.

INDICES

IQProFX offers a variety of indices, including the S&P 500, the Dow Jones Industrial Average, and the Nasdaq 100. These indices are a measure of the performance of a specific market or sector. For example, the S&P 500 is a stock market index that tracks the performance of the 500 largest companies in the United States.

COMMODITIES

IQProFX offers a selection of commodities, including gold, silver, oil, and natural gas. These commodities are raw materials that are traded on exchanges. For example, gold is a precious metal that is used in jewelry and electronics.

STOCKS

IQProFX offers a limited number of stocks, but they are all major companies from around the world. Some examples of stocks offered by IQProFX include Apple, Microsoft, and Amazon.

Pros and Cons

Pros Cons
Wide range of forex currency pairs available Limited types of accounts offered
Variety of indices, including S&P 500 and Dow Jones
Selection of commodities such as gold and oil

Account Types

CENTRAL:

The Central account is the most basic account type offered by IQProFX. It provides a spread of 1.0 pips on EUR/USD and 1.2 pips on GBP/USD. The minimum deposit required for this account is $100, and it offers a maximum leverage of 1:500.

PRO:

The Pro account is a step above the Central account and offers a spread, starting at 0.8 pips on EUR/USD. The minimum deposit required for the Pro account is $500, and it provides a maximum leverage of 1:2000.

VIP:

The VIP account is the highest tier of accounts offered by IQProFX. It provides a spread, starting at 0.6 pips on EUR/USD. The VIP account requires a minimum deposit of $1000 and offers a maximum leverage of 1:5000.

RAW:

The Raw account offered by IQProFX is designed for traders who prefer a true ECN trading experience. This means that there is no commission or markup on the price. The minimum deposit required for the Raw account is $5000, and it offers a maximum leverage of 1:100.

Pros and Cons

Pros Cons
Offers different account types with varying spreads No demo account mentioned
Provides tiered account options for different trading needs Higher minimum deposit requirement for Raw account
Raw account offers true ECN trading experience with no commission Limited accessibility for traders with lower investment capabilities

Leverage

IQProFX offers varying levels of leverage depending on the chosen account type. The maximum leverage available ranges from 1:100 to 1:5000, with the Central and VIP accounts providing the highest leverage options. Traders should be aware of the risks associated with high leverage and exercise caution when utilizing it in their trading activities.

Spreads & Commissions

IQProFX offers spreads across its account types that cater to different trading needs. The Central account provides spreads of 1.0 pips on EUR/USD and 1.2 pips on GBP/USD. The Pro account offers narrower spreads starting at 0.8 pips on EUR/USD, while the VIP account provides the narrowest spreads starting at 0.6 pips on EUR/USD. Additionally, the RAW account ensures a commission-free trading experience.

Minimum Deposit

IQProFX has varying minimum deposit requirements for its different account types. The Central account requires a minimum deposit of $100, the Pro account requires $500, the VIP account requires $1000, and the RAW account has a higher minimum deposit of $5000.

Deposit & Withdrawal

IQProFX offers a variety of deposit and withdrawal methods, including credit cards, debit cards, wire transfers, and e-wallets. The minimum deposit amount is $100 and the minimum withdrawal amount is $100. There may be additional fees associated with deposits and withdrawals, depending on the method you choose.

Pros Cons
Offers multiple deposit and withdrawal methods Additional fees may be associated with deposits and withdrawals
Minimum deposit amount is $100 Minimum withdrawal amount is $100

Trading Platforms

META TRADER 4 (MT4):

IQProFX provides the popular MetaTrader 4 (MT4) platform, which is widely recognized and utilized in the industry. MT4 offers a user-friendly interface, advanced charting tools, and a wide range of technical indicators for market analysis. Traders can execute trades and access real-time pricing, historical data, and various order types to support their trading strategies.

META TRADER 5 (MT5):

In addition to MT4, IQProFX also offers the MetaTrader 5 (MT5) platform. MT5 provides enhanced features compared to its predecessor, including more advanced charting options, additional order types, and improved execution speed. Traders can access a broader range of financial instruments and utilize powerful analytical tools for informed decision-making.

MOBILE TRADING:

IQProFX offers mobile trading platforms that are compatible with iOS and Android devices. These platforms enable traders to monitor their accounts, access real-time market data, execute trades, and manage positions from their smartphones or tablets.

WEB TRADER:

For traders who prefer a web-based trading experience, IQProFX provides a web trader platform that can be accessed directly through a web browser. This platform eliminates the need for software downloads and installations while offering a user-friendly interface, real-time market data, and a wide range of trading tools.

Pros and Cons

Pros Cons
Offers popular and widely recognized MetaTrader 4 (MT4) platform Lack of information on trading conditions and execution speed
Provides enhanced MetaTrader 5 (MT5) platform with advanced features
Mobile trading platforms for iOS and Android devices
Web trader platform accessible directly through a web browser, eliminating the need for software downloads

Customer Support

IQProFX offers customer support through their email address: support@iqprofx.com. Traders can reach out to this email for assistance with their queries, concerns, or account-related issues. Additionally, the company is located at 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom, providing a physical address for correspondence.

Conclusion

In conclusion, IQProFX is a broker in the financial industry that lacks proper regulation. Potential clients should exercise caution due to the absence of valid regulatory oversight. IQProFX offers a variety of market instruments, including forex currency pairs, indices, commodities, and limited stocks. They provide different account types with varying spreads, leverage options, and minimum deposit requirements. The broker supports popular trading platforms such as MetaTrader 4 and MetaTrader 5, along with mobile and web-based trading options. Customer support is available through an email address, and the company is based in London, United Kingdom.

FAQs

Q: Is IQProFX a legitimate company?

A: IQProFX lacks proper regulation and poses risks due to the absence of valid regulatory oversight.

Q: What market instruments does IQProFX offer?

A: IQProFX offers Forex currency pairs, indices, commodities, and limited stocks.

Q: What are the different account types offered by IQProFX?

A: IQProFX offers Central, Pro, VIP, and RAW accounts with varying features and requirements.

Q: What is the leverage provided by IQProFX?

A: IQProFX offers leverage ranging from 1:100 to 1:5000, depending on the account type.

Q: What are the spreads and commissions at IQProFX?

A: Spreads vary across account types, starting from 1.0 pips on EUR/USD. RAW account has no commissions.

Q: What is the minimum deposit required by IQProFX?

A: The minimum deposit ranges from $100 to $5000, depending on the chosen account type.

Q: What deposit and withdrawal methods are available at IQProFX?

A: IQProFX accepts credit cards, debit cards, wire transfers, and e-wallets, with minimum amounts of $100.

Q: Which trading platforms are offered by IQProFX?

A: IQProFX provides MetaTrader 4 (MT4), MetaTrader 5 (MT5), mobile trading platforms, and a web trader platform.

Q: How can I contact customer support at IQProFX?

A: You can reach IQProFX customer support via email at support@iqprofx.com.

Broker Information

Company Name

TRADERS VOLT LTD

Company Abbreviation

IQProFX

Regulatory Status

No Regulation

Platform registered country and region

United Kingdom

Company website
Phone of the company

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Company address
  • 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ, UNITED KINGDOM

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Customer Service Email Address
  • support@iqprofx.com

Company Summary

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