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IQFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-14 12:09

Abstract:IQFX was registered in 2022. It offers trading services on CFDs, Cryptocurrencies, Binary options, and Stocks. The leverage can be up to 1:500, and the minimum deposit is $200. However, it is not regulated, and its website cannot be entered, so potential risks may exist.

  Note: IQFX's official website https://iqfxoption.com/ is currently inaccessible normally.

IQFXReview Summary
Founded2022
Registered Country/RegionChina
RegulationNo regulation
Market InstrumentsCFDs, Cryptocurrencies, Binary options, Stocks
Demo Account/
LeverageUp to 1:500
EUR/USD Spread2.8 pips
Trading Platform/
Min Deposit$200
Customer SupportContact form

  IQFX was registered in 2022. It offers trading services on CFDs, Cryptocurrencies, Binary options, and Stocks. The leverage can be up to 1:500, and the minimum deposit is $200. However, it is not regulated, and its website cannot be entered, so potential risks may exist.

IQFX's homepage

Pros and Cons

Pros Cons
Diverse trading market chociesInaccessible website
Multiple account typesLack of regulation
Wide spreads
High minimum deposit
Limited channels for customer support

Is IQFX Legit?

  IQFX is not regulated by the financial services regulatory authority in China, which means that the company lacks regulation from its registration site. Moreover, the current status shows that its domain is going to be deleted.

Is IQFX Legit?
Is IQFX Legit?

What Can I Trade on IQFX?

  On IQFX, customers can trade CFDs, Cryptocurrencies, Binary options, Stocks.

Tradable Instruments Supported
CFDs✔
Stocks✔
Cryptos✔
Binary Options✔
Forex❌
Commodities❌
Indices❌
What Can I Trade on IQFX?

Account Type

  4 types of accounts are available, including Basic, Silver, Gold, and VIP.

Account TypeMinimum Deposit
Basic$200
Silver$1,000
Gold$10,000
VIP$50,000
Account comparison

Leverage

  The leverage can be up to 1:500. Generally speaking, when the leverage is high, potential risks may also be high. Therefore, careful considerations are needed.

IQFX Fees

  IQFx Options imposes trading fees primarily through spreads, which vary depending on the currency pair or asset being traded.

  The spreads for major currency pairs are as follows: EUR/USD at 2.8 pips, GBP/USD at 3.1 pips, and USD/JPY at 3 pips.

  Additionally, the spread for trading crude oil is set at $0.12 per unit. These spreads are relatively high compared to industry standards.

  There is no commission on withdrawals, as the platform advertises zero fee withdrawals across all account types.

  

Related broker

No Regulation
IQFX
Company name:IQFx Options Capital Advisors Corporation
Score
1.35
Website:https://iqfxoption.com/Home
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.35

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