What is iQuoto.com?
iQuoto is a website that provides forex broker services. It is a part of the IQ Option brand, which is a global financial services company. The company offers a variety of services for its clients, including online trading, investment management, and market analysis. iQuoto is one of the company’s many products.
The website provides an online platform for forex trading. It allows users to trade with real money or practice with virtual money. The site also provides a variety of resources to help its users learn about forex trading, including tutorials, blog posts, and webinars. iQuoto is regulated by the Cyprus Securities and Exchange Commission (CySEC).
How does iQuoto.com work?
If you’re looking for a new forex broker, you may have come across iQuoto.com. In this iQuoto review, we will take a look at the broker to see if they are legitimate or a scam.
iQuoto is a forex and CFD broker that offers trading on a large range of assets including currency pairs, stocks, indices, commodities, and cryptocurrencies. The broker claims to offer competitive spreads and leverage of up to 1:500. They also offer 24/7 customer support.
To open an account with iQuoto, you will need to deposit a minimum of $250. The broker accepts deposits via credit/debit card, bank wire transfer, and e-wallets such as Skrill and Neteller. Once your account is opened, you can start trading immediately.
When it comes to withdrawals, iQuoto states that they process requests within 24 hours. However, it can take up to 5 days for the funds to show in your account depending on your chosen withdrawal method. There is also a $25 withdrawal fee for bank wire transfers.
One thing to be aware of is that iQuoto is not regulated by any major financial authority such as the FCA or CySEC. This means that there is no protection for your funds in the event that the broker becomes insolvent or commits fraud.
What are the pros and cons of iQuoto.com?
There are a few pros and cons of iQuoto.com that should be considered before signing up for an account with this broker.
The first pro is that iQuoto.com offers a very user-friendly platform that is perfect for those who are new to forex trading. The platform is also available in multiple languages, which is another plus.
One of the main cons of iQuoto.com is that they do not offer a demo account, so it is not possible to test out the platform before committing to real money trading. Additionally, there have been some reports of withdrawals being delayed or even blocked altogether, so this is something to keep in mind as well.
Is iQuoto.com a legit or scam forex broker?
iQuoto.com is a website that provides forex trading services. It is not a broker itself, but rather an Introducing Broker (IB) which means it refers clients to other brokers. The website is owned and operated by iQuoto Limited, a company registered in the Republic of Seychelles.
The company claims to be regulated by the Financial Services Authority (FSA), but there is no mention of this on the FSA website. Furthermore, the address listed on the iQuoto.com website is fake.
In conclusion, we believe that iQuoto.com is a scam. There are too many red flags and fake information for us to recommend this broker.
Conclusion
iQuoto.com is a forex broker that offers a variety of features and services to its clients. While it is not without its flaws, we believe that it is a legitimate broker that can be trusted with your money. We hope that our review has helped you make an informed decision about whether or not to use iQuoto.com as your forex broker.