IQCryptos Review: an Awful Anonymous Scam

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IQCryptos Review: an Awful Anonymous Scam

IQCryptos is an anonymous broker that does not disclose its country of origin. If you think the red flags stop here, you are wrong. This entity is offering very lucrative offers to attract innocent investors. The company is dealing with Forex, crypto, and commodities.

It happens to be an offshore trading venture without a history in trading. The downfall of this firm is inevitable. Moreover, this platform is not regulated by any authority, yet it accepts investors from all over the world.

IQCryptos made its first digital footprint in September 2019. The domain is only registered for a period of one year. The person behind this shady platform is cautious and avails of what he wants the public to see.

The founder does not leave any traces that can be used to incriminate him. The company lacks transparency, and we do not recommend suspicious venture to investors. The least amount that you can deposit is $50. Additionally, the broker avails of a Web-based trading platform.

Reputable, legit forex trading ventures have the popular MT4 to enable investors to trade with ease. Additionally, the information on the corporate and the team is easily accessible to all. IQCryptos does not give investors reasons to be trusted. Review

The company praises itself for being an excellent, accountable, and innovative venture. The firm states that it has put up strict security measures to protect their clients. However, this is not true as the venture is not regulated, and it has the characteristics of a scam.

Investors who join this platform intending to make a profit will be disappointed. Additionally, trusting anonymous people with your personal data and funds is a big mistake. The broker will leave you high and dry.

Venture with legit forex trading companies instead of wasting your time and resource with IQCryptos. You will have world-class customer support ready to help you.  Moreover, these brokers are regulated and are operating following the law.

Scammers will hold your money and refuse to process your withdrawal requests. The market is plagued with multiple scammers. If you are not keen, you will end up trusting the wrong company. The people handling clients’ money are not known.

Traders have the right to know the qualification of account managers. Additionally, this platform should provide trading results. It would be easy to trust the firm if there is proven performance. Trading Conditions

IQCryptos offers leverage of 1:1000; this is beyond the regulated cap. Financial bodies limit the leverage to 1:50 to protect investors from facing huge losses. The offer that this company avails might be tempting but keep in mind that it could go both ways.

The entity has a 15% recovery bonus and 100% credit bonus. You must meet a specific volume of trade for you to be able to withdraw the rewards. You won’t find legit brokers providing their clients’ bonuses.

IQCryptos brags about having an economic calendar to keep their clients updated. The shady company also states that it provides daily market analysis. Their trading calculator overestimates traders’ earnings. You will have empty hopes only to end up making losses.

IQCryptos Review, Company

The entity views itself as the best but fails to verify their trading activities. They claim that this is an ideal venture for scalpers. Unfortunately, we are yet to see successful investors who have earned using this system.

The scam guarantees unattainable returns to win over naïve traders. Those who rejoice whenever they see a get rich quick scheme will suffer the most. Instead of wasting your time and resource with IQCryptos will soon be out of the market.

Withdrawal and Deposit

The company indicates that it accepts a minimum amount of $50. However, this requirement is only for Neteller, Skrill, debit and credit cards, and FasaPay. If you cash in using wire transfers, the least acceptable amount is $250.

We don’t understand why there is this huge gap. Moreover, the only payment method available is Credit and Debit cards. If we do not convince you that this is not a trustworthy broker, conduct a chargeback when things go south.

IQCryptos does not collect fees upon withdrawal. Additionally, clients can cash out any amount of money. The platform handles withdrawal requests within 2 to 5 business days. Unfortunately, the entity terms an account dormant after an inactivity of 90 days.

10% will be deducted from your account every month. The inactivity period is short, and the requirements are outrageous.  The scam also has bonuses for their customers. As usual, the requirement that comes with these rewards is unattainable.

Make sure that you read the terms and conditions to avoid surprises. Furthermore, this shady broker permits indebted accounts. The red flags with this company are dire. Stay away from this offshore venture. Regulation Status

IQCryptos fails to avail of the regulatory document in their legal docs section. Instead, the company features funny materials.  We checked on various financial watchdog databases to see if the broker is licensed.

Unfortunately, they are not on the list of European, Asian, African, or pacific financial bodies. The false claims of offering fund safety should be taken seriously. This is a platform that says anything so long as it wins the trust of traders.

IQCryptos is a dirty scam that will defraud its clients. The entity does not adhere to any rules and regulations. They are trading illegally, and the person was running this platform risk facing jail term if caught.

Regulatory bodies protect investors from dealing with scammers. Therefore, they have put up strict guidelines that investment firms must follow. If you deal with licensed companies, you will be compensated when the entity faces insolvency.

Moreover, your funds are segregated in a separate account from that of the broker. Therefore, the firm cannot use the money for their greedy needs. However, if you deal with scam entities, your money will go directly into the fraudsters’ pocket.

Contact Details

IQCryptos can be contacted via email and telephone number. Their phone number indicates they are operating from the UK. Nonetheless, there is no possible way that the FCA would permit a shady entity like this one to conduct financial service.

Moreover, the platform does not have a physical address. The people behind this suspicious firm are tactical. Nonetheless, the reason why they remain discreet is to eliminate the possibility of being caught. Investing with this broker puts you at significant risks.

IQCryptos will not handle your query or respond to your emails. Once they decide to exit the market, there is not much that you can do. To avoid being treated unprofessionally, a venture with trustworthy companies in the market.

Final Verdict

IQCryptos is a scam that does not have an endorsement from their clients. The platform makes huge promises to their clients, but none can attest that they have benefitted. The firm is anonymous and shady. Their terms and conditions are shocking as well.

Furthermore, nobody knows the actual location of this broker. The relevant authority in the market does not regulate them. What is even worse is that the venture does not have a history of trading. Unfortunately, the moment you decide to deposit funds in this shady firm, you will lose access to the money.

Trust the best forex trading brokers that have been serving traders for years. These entities will not disappoint you. Moreover, you can check on their performance and real-time testimonials from their clients.

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