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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