Serious Slippage
IQTrade Information
Founded In 2022, IQTrade Is An Unregulated Broker Registered In Greece That Offers Up To 1:500 Leverage And Futures Trading From 1.5 Pips Through MT5, Web And Mobile Trading Platforms. Demo Accounts Are Not Available And The Minimum Deposit Requirement To Open A Live Account Is 100 Dollars.
Advantages And Disadvantages
Advantages
- Multiple Account Types
- MT5 Platform
Disadvantages
- Market Newbie
- No Regulation
- Limited Tradable Asset Classes
- No Demo Account
- Unknown Payment Method
Is IQTrade Legal?
Not Legal. IQTrade Currently Has No Effective Regulations. Please Be Aware Of The Risks!
What Can Be Traded On IQTrade?
IQTrade Currently Offers Futures Trading Only.
Account Types
The Broker Offers Four Account Types: Standard Account, ECN Account, Professional Account, And Islamic Account. The Minimum Deposit Requirements For Each Account Are 100 Dollars, $2,000, $5,000, And $100, Respectively.
Leverage
The Broker Offers A Maximum Leverage Of 1:500. The Use Of Leverage May Work To Your Advantage Or Against You. Leverage Amplifies The Returns From Favorable Movements In Currency Exchange Rates.
Spreads
Standard Accounts Offer Spreads Starting From 1.5 Pips; ECN Accounts Offer Spreads Starting From 0.6 Pips; Professional Accounts Offer Spreads Starting From 0.1 Pips; Islamic Accounts Offer Spreads Starting From 1.5 Pips.
Trading Fees For Futures Products Are 0.5 Dollars.
Trading Commissions For Agency Products Are Up To 60%.
Trading Platform
IQTrade Provides Its Own Web Platform And Mobile Platform, As Well As The MT5 Platform, Investors Can Choose According To Their Needs.
Customer Support
Customer Support Only Provides A Contact Form, Not Direct Contact Information Such As Phone And Email.
