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Mt2iq.com Review: is MT2IQ A Scam?

Mt2iq.com Review: is MT2IQ A Scam?

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MT2IQ is a trading robot that enables users to connect their MT4 and the IQ Option, binary options brokerage. The software supports both MT4 indicators and expert advisors.

The company promises the robot will allow you to take Binary Options trading to levels you have never experienced before.

The MT2 system has a friendly user interface that is entirely customization. Through the platform, clients can access Trade charts, daily profits, and traded volume. The company believes this simplifies the process by bringing everything under one place.

According to its website, the company is based in Belize City, Belize. Additionally, the company gives out its email and phone number. However, the company does not reveal many details about its founders.

This paints a bad picture for them. It is challenging to trust mysterious people on the Internet. This is because it is impossible to tell if they have any trading experience.

You need to do thorough research to ensure you are investing in a company run by experienced individuals. Such companies have managed to refine their trading strategies to maximize profitability. Therefore, it is wise to stick with the best binary option trading robots. Such companies have passed the legitimacy test.

MT2IQ Review

The company boasts of having thousands of traders on their platform. They claim to have over 117M in total traded volume. According to the website, the MT2 trading platform allows you to trade binary options automatically in your favorite brokers and safely.

MT2IQ Review, Mt2iq.com Platform

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The software is configured to work with four of the most popular binary options brokers available. These include IQOption.com, Binary.com, Alpari.com, and Spectre.ai.

The website features a video that gives guidance on how to use the platform. Additionally, the video provides instructions on how to configure the tool to your own customization, and this is quite a nice feature as it would help get clients oriented to the software.

This company’s founders have chosen to operate anonymously. We do not understand why they want to work this way. Transparency is vital when it comes to companies that handle clients’ money. Investors need to know whom they are investing with and what experience they have.

Additionally, the company has only been in operation for a little over a year. Therefore, they have not been around long enough to build a reputation. It is much wiser to wait before investing in new companies.

All in all, the tool seems interesting. It works with all time frames and all currency pairs and allows quick executions. It would be much better if they told us who they are.

How MT2IQ works

The MT2IQ automates binary options trading and controls it by sending commands from the MetaTrader application. In other words, the MT2IQ bot receives signals from the MetaTrader platform and places trades on your IQ Option account automatically.

While they claim the bot automates the trading process, users still have to use their indicators’ platforms to set up trades. Users have to set up trade expiry time, the amount, and whether or not they want to automate their businesses.

Additionally, traders can also choose to enable the martingale feature. This feature automatically attempts to recover funds after losses. However, there is considerable risk involved in this strategy. It is possible to lose all the funds in your account in the process.

This is such an unnecessary gamble. You should not enable this feature unless you are willing to risk losing your entire investment.

We do not understand why the company set this feature this way. The company’s job is to safeguard clients’ funds. They need to ensure the elements they put in place do not put your money at risk.

Pricing and Features

MT2IQ license prices vary according to the license duration. A 1-month license goes for $40, a 3-month license for $80, and a 12-month permit for $180.

All these licenses give you one broker license and provide you with access to the company’s telegram VIP group. Additionally, the company allows you to try out their product through a free demo account. This account only allows you to trade using fictitious money.

The main features of the MT2IQ software include automatic trading, copy-trading, MetaTrader connection, risk management, and an economic news filter.

The copy-trading service allows you to subscribe to public signal providers, and this is used alongside the MetaTrader connector that creates a bridge between your MetaTrader platform and your favorite Binary Options brokers.

The risk management feature allows you to define parameters to minimize your losses while maximizing your profits. Additionally, the software will enable you to set up news to prevent the robot from trading on dangerous hours.

Financial markets are greatly affected by global economic news and events, and this is a great feature to mitigate the effects of market news and events.

While all these features are helpful, the company needs to provide a user guide that goes into depth on how to apply these features in trading.

Affiliate program

MT2IQ rewards users for referring other people onto their platform through their affiliate program. You can earn up to 40% in commissions for each client that buys a license using your link. However, this depends on your affiliate tier level.

Users can withdraw the money earned by commissions in less than 24 hours.

Additionally, the company provides you with tools to keep track of your referred users and commissions minute by minute.

This is a great way to make extra cash on the platform.

Contact and Physical Address

You can get in touch with the company through their email address, [email protected], or by filling out a contact form featured on the company’s website. Additionally, you can call them on their phone line, 1-917-725-2152. The company promises a quick response to customer complaints.

The company also gives out its physical address. The physical address is given as New Horizon Building; Ground Floor; 3 ½ miles, Philip S.W. Goldson Highway, Balize.

It is refreshing to see the company freely giving out their physical address. And this goes a long way to show they are a legitimate firm.

Customer testimonials and reviews

The company features multiple customer testimonials from different sources. The general feeling is that the customers are happy with the services the company offers.

Additionally, the company has garnered a 4.3 out of 5 ratings on Trustpilot. Clients seem to be well satisfied with the services the company provides.

However, customer testimonials are not always reliable. Many companies cherry-pick the ones that promote their image to potential clients. Therefore, do not take customer testimonials as the only basis to trust a company.

Final Verdict

While this company might be legit, it does have a few loopholes. At this moment, it would be unwise for us to trust the company and recommend it to you thoroughly. We first need to know who the owners behind the company are and what kind of experience they have.

Additionally, the company is still new. It is always advisable to wait out a new firm before choosing to invest in it. In the meantime, you can always invest with the top binary options trading robots for peace of mind. Such companies have been tried and have passed the legitimacy test.

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