Overall Rating: ★☆☆☆☆ (1.6/5.0)

IQTrade247 presents itself as an online forex and cryptocurrency broker offering high returns, easy withdrawals, and 24/7 trading access. However, there is no evidence of regulatory licensing, and numerous reports suggest that IQTrade247 is operating as a high-risk scam or fraudulent entity. The website design and marketing tactics mirror those commonly used by investment scams, and users have consistently reported issues with withdrawals, false promises of guaranteed profits, and unresponsive support.

This IQTrade247 review outlines why this platform should be approached with extreme caution and why it’s not suitable for genuine traders or investors.

Key Features (Claimed)

IQTrade247 claims to offer simplified investment packages and trading features focused on crypto and forex, but most are unverifiable.

• Trading Access:
  • Web-based dashboard (no MT4 or MT5)
• Markets Offered:
  • Primarily cryptocurrency and forex
• Account Types:
  • Investment “packages” based on deposit amount
• Leverage:
  • Not disclosed
• Minimum Deposit:
  • Typically $250 or more

Regulation and Security

IQTrade247 is not regulated by any recognised financial authority, and its website does not list a verifiable licence number or physical address.

• No FCA, ASIC, CySEC, or FSCA oversight
• No listing on any regulator’s broker registry
• Website is likely hosted offshore, ownership hidden
• No investor compensation scheme or fund segregation
• High risk of identity theft and financial fraud

Pricing and Costs

The platform doesn’t operate like a traditional broker with spreads or commissions. Instead, it uses investment tiers or packages that resemble Ponzi or HYIP structures.

• No spreads or commissions disclosed
• Earnings “guaranteed” based on deposit level (e.g. 10–20% per week)
• High withdrawal fees or hidden charges when clients request funds
• Minimum withdrawal limits are often unreasonably high

Educational Resources and Customer Support

IQTrade247 offers no verifiable education, only promotional material to lure deposits.

• Education:
  • None – no guides, webinars, or tutorials
• Customer Support:
  • Contact forms and email addresses only
  • No working phone number or live chat
  • Users report no response once deposits are made

Risk Management Tools

There are no real trading tools or risk management features offered.

• No access to MT4, MT5, or third-party platforms
• No stop-loss, margin alerts, or order types
• No demo accounts
• Withdrawals often delayed or denied entirely

Pros and Cons

Pros

• None from a legitimate trading perspective

Cons

• Unregulated and likely a scam operation
• No real trading platform or execution transparency
• False profit promises and fake testimonials
• Numerous complaints of withdrawal failures
• No customer protection or fund security

Conclusion: Is IQTrade247 the Right Choice?

Absolutely not. IQTrade247 shows every hallmark of a scam broker—including lack of regulation, guaranteed profit claims, no transparency, and many complaints of fraud. If you’ve already deposited funds, consider contacting your bank or card provider for a chargeback, and report the platform to your local financial regulator.

For safe, regulated trading with real platforms and customer protection, consider AvaTrade, Vantage, or IC Markets.