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Iqtrade247 Review: Is IQ Trade 247 a Scam?

Iqtrade247 Review: Is IQ Trade 247 a Scam?

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Iqtrade247.com touts an investment opportunity to traders where it claims that they are working round the clock in order to provide first class investment and also to create comprehensive growth for your investment. They list various reasons why Iqtrade247 is the best Crypto currency investment website. These include secure investment of Crypto currency with ”unbeatable” profits every week, advanced analytical tools to ensure that they are making the right decision at the right time and the possibility of investors re-investing their profits to earn more from compounding. In other words, Iqtrade247 is claiming that they are going to manage your Crypto currency account on your behalf. But definitely they don’t sound convincing.

iq trade

According to their site;

Iqtrade247 Trade is one of the leading private investment firms providing asset management services on the internet including Bitcoin Mining Program, Cryptocurrency earning, exchange and crypto assets management. We also second in Forex and Binary iqtrade247 Trading and Financial Management. We offer professional investment solutions for all investors’ needs. Our highly experienced team of traders, buy and sell crypto-currencies, stocks, commodities and indices on the Forex Binary iqtrade247 Markets using our own unique trading system. Join us now and we will share our success with you! We have an impeccable success rate achieved by a team of pro traders working round the clock; so profit is always guaranteed.

Iqtrade247 is regulated by Cyprus Securities and Exchange Commission (CYSEC) as well as American Financial Services Commission (FSC). Definitely we cannot confirm their regulatory status with either CySEC or FSC. The website is lying about their regulations because if you check the footer of the site where this information is supposed to appear, you will find these claims but no registration numbers at all. The link that says ”view license” leads to nowhere and this is a red flag and also sufficient evidence that they are not regulated. They are instead using this lie to feign legitimacy. We have several issues with sites like these since they are always tricking investors into depositing money and once that has been done, they disappear with the funds.

If you want to invest in Crypto currencies, we advice you to trade them with these recommended trading bots. Do not let scammers get hold of your money in the name of managing your account since a site like Iqtrade247 is unregulated and they have zero reputation in this industry. Their track record cannot be established and there is definitely a number of things about this site that are mysterious in nature. All of these things point to the fact that Iqtrade247 is a scam. If you want to know more, please continue reading this eye opening review about the site.

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Iqtrade247 review

Iqtrade247 acts as an investment company. Their location is allegedly at 22/121 Apple Street, New York, NY 10012, USA but we cannot confirm the truthfulness of this address. The site has also provided a US based phone number. This could be a trick involving scammers hiring virtual customer support individuals who possess US numbers. But at the same time, they could be based out of the US. One thing we know is that being located in the US does not mean your money is safe. Scammer in the US are just the same as their shore counterparts although the US has strict regulations which generally discourage cheap scams from operating there.

The other concern that we have is that the owners of this company are anonymous. A legitimately registered company should introduce its owners or team members for that matter. This information should be easy to find out. The problem is that this site’s operators are working anonymously and hoping that we will trust them still. This is not the only evidence that Iqtrade247 is a scam. Their mode of operation also suggests that it can be risky depositing money with this site.

Let’s see how they operate and what message they intend to pass across.

Mode of operation

This service is advised as a managed Crypto currency investment service where investors do nothing other than seating back and relaxing while the wait for the team to invest for them. This is what they are trying to say although it is not coming out quite clearly. This has forced us to login to the scam site just to see what is in there since there is a link for sign up. What we were presented with was a non functional dashboard that appears to load a few charts from trading view. Basically they have connected this dashboard with trading view platform but this does not necessarily mean that trading is possible on a platform like this.

In fact, it is not possible to trade on this platform. What we can see is a link for adding funds, editing profiles and checking payouts. There is no link for trading and this suggests that the site Iqtrade247 is claiming to make money for its investors by managing their own accounts. Deposit methods include PayPal, Visa and even Western Union. So these scammers are expecting us to believe their story and go ahead to make a deposit of funds hoping that we will make a profit.

First of all, there is no past performance anywhere and so we cannot be sure whether or not we will make a profit. Secondly, this is an unregulated company claiming to offer an investment opportunity in Crypto currencies. The question you should ask yourself is what is stopping these criminals from stealing your money.

Our best advice for you

Iqtrade247 is a suspicious site and placing a deposit there will always lead to the loss of your funds. The traders are anonymous and we wonder whether traders exist here. Seeing that they are unregulated and the dashboard is not even attractive in the first place (broken links everywhere), you can opt for these investment tools instead of using a scam like Iqtrade247. So we do not expect any one of you to get scammed on this malicious website.

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