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IQFX

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Operating status: SCAM

Website: https://iqfx.live/

Broker violations and abnormal records
  • 2024-09-22 BrokersView has reviewed that IQFX is an unregulated broker

    It claims to be a reliable trader and says on its website that it has a South African license registered in Saint Lucia. This statement is very contradictory, and Saint Lucia does not have the right to regulate foreign exchange, so it is unregulated. Investors are advised to be careful and stay away from this platform.

    In essence, IQFX is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    IQFX appears to be a scam.

    It claims to be a reliable trader and says on its website that it has a South African license registered in Saint Lucia. This statement is very contradictory, and Saint Lucia does not have the right to regulate foreign exchange, so it is unregulated. Investors are advised to be careful and stay away from this platform.In essence, IQFX is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.IQFX appears to be a scam.

Related Complaints

Q&A

Can you help check if the site is legit? iqfx.live

Dinar
Egypt
2024-09-24
ANSWER Dear Investor,Thank you for reaching out. IQFX is an unlicensed trading platform.The website for IQFX was recently registered in March 2024. It claims to be "licensed to South Africa from St. Lucia". However, this claim is incorrect. Firstly, forex brokers intending to solicit investors in South Africa are required to obtain licenses from the Financial Sector Conduct Authority (FSCA). Secondly, St. Lucia does not license forex trading. Therefore, IQFX is operating in an unregulated environment.We strongly suggest you avoid responding to any offerings from IQFX. For a safer trading environment, we recommend opting for fully regulated brokers.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.