Score
Saint Vincent and the Grenadines
|
2-5 years
| https://iqmcapital.com/en/home-en/
Website
Rating Index
LicensesNo valid regulatory information, please be aware of the risk!
Saint Vincent and the Grenadines
iqmcapital.com United States| IQM CAPITALReview Summary | |
| Founded | 2022-07-12 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Forex/Precious metals/Indices/CFDs/Stocks/Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.0 pips |
| Trading Platform | CTrader(Desktop(Windows)/Mobile(iOS/Android)/Web) |
| Min Deposit | $100 |
| Customer Support | Phone: +971 4 5823377 |
| Email: support@iqmcapital.com | |
| Email: info@iqmcapital.com | |
| Live chat | |
| Facebook/YouTube/Instagram/LinkedIn/TikTok/Telegram/WhatsApp | |
IQM CAPITAL is an ECN (Forex) brokerage company that provides individual and corporate clients with various trading methods, 24/7 support, and advisory services. The tradable instruments include 40 currency pairs, 7 precious metals, 37 indices, 25 CFDs, 250 stocks, and 28 cryptocurrencies. The broker also provides three accounts with a maximum leverage of 1:500. The minimum spread is from 0.0 pips and the minimum deposit is $100. IQM CAPITAL is still risky due to its unregulated status, and bad reviews about difficulty withdrawing money.
| Pros | Cons |
| Leverage up to 1:500 | Unregulated |
| 24/7 customer support | MT4/MT5 unavailable |
| Various tradable instruments | Negative comments about difficulty in withdrawal |
| Spread from 0.0 pips | No withdrawal processing information |
| Demo account available |
IQM CAPITAL is not regulated, even though it claims to be regulated by Saint LUCIA. However, an unregulated broker is not as safe as a regulated one.
IQM CAPITAL offers various market instruments, including 40 currency pairs, 7 precious metals, 37 indices, 25 CFDs, 250 stocks, and 28 cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| CFDs | ✔ |
| Precious Metals | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Shares | ❌ |
| Commodities | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
IQM CAPITAL has three account types: VIP, standard, and ZERO. Traders who want low leverage can choose a VIP account, while those with a small budget can open a standard account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Everyone can also earn money by copying the success of top traders. Muslims are allowed to open Islamic accounts without swaps.
| Account Type | VIP | Standard | ZERO |
| Leverage | Up to 1:200 | Up to 1:400 | Up to 1:500 |
| Minimum Deposit | $20000 | $100 | $500 |
| Commission | Free | Free | $8 |
| Islamic Account | Yes | Yes | Yes |
The spread is from 0.0 pips, the commission is from 0. The lower the spread, the faster the liquidity.
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
IQM CAPITAL provides a propriety CTrader trading platform available on desktop(Windows) and mobile(iOS and Android) instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems.
| Trading Platform | Supported | Available Devices |
| CTrader | ✔ | Desktop(Windows)/Mobile(iOS/Android)/Web |
The first deposit amount must be $100 or above. IQM CAPITAL accepts local transfers, tethers, visas, Perfect Money, Skrill, and Neteller for deposit and withdrawal. However, transfer processing times and associated fees are unknown.
IQM CAPITAL supports a variety of payment methods, including local transfers, Tether, Visa, Perfect Money, Skrill, and Neteller. This broad range of payment methods is convenient because it allows traders to choose the option that works best for them. However, the broker doesn't clearly disclose processing times and potential fees for these methods, which is something I find frustrating. In my experience, understanding how long it will take for a deposit to be reflected in my trading account or for a withdrawal to be processed is crucial. I would also want to know if there are any additional costs associated with using certain payment methods, as this can add up over time. Without this clarity, I would be hesitant to deposit larger amounts. I would recommend asking the support team for clear details on this before proceeding with significant transactions.
IQM CAPITAL is not regulated, despite claiming to be under regulation by Saint Lucia. As an unregulated broker, it does not offer the same level of protection as a regulated one, which is a significant risk for traders. Regulation is key in ensuring that a broker adheres to strict standards of operation, safeguarding clients' funds, and providing transparency in business dealings. In my view, this is a major downside, as it leaves traders vulnerable to issues like potential fraud, difficulty withdrawing funds, or disputes regarding platform operations. An unregulated broker, while sometimes offering higher leverage and lower spreads, is not something I’d personally trust with large amounts of money. Regulatory bodies, such as those in the UK or Australia, provide investors with assurances that brokers are required to maintain minimum capital and practice fair conduct. Without such protection, I would always err on the side of caution and be wary of the risks involved in trading with an unregulated platform.
IQM CAPITAL offers leverage up to 1:500, which is significantly higher than most brokers. While this can provide a major advantage for traders seeking larger positions, it also increases the potential for larger losses. Personally, I would be cautious about using such high leverage unless I had a solid understanding of risk management strategies. High leverage can lead to quick profits, but it can also quickly erase gains if the market moves against you. Traders need to be disciplined and have a strategy in place that includes stops and limits to avoid catastrophic losses. In my view, leverage should be used with caution, especially for those who are less experienced or don’t fully understand the risks associated with it.
IQM CAPITAL offers spreads starting from 0.0 pips, which is quite competitive, especially for day traders and scalpers who need tight spreads to make small profits on frequent trades. However, it’s important to remember that spreads can widen depending on market conditions, particularly during times of high volatility. The benefit of having low spreads is that it can allow for quicker entries and exits, which is a key advantage for active traders. However, the broker’s commission fees, such as the $8 fee for certain account types, need to be factored into the overall cost of trading. In my experience, while the low spreads are attractive, I would be cautious about jumping in without understanding the full cost structure, including the commission fees and potential slippage during volatile market conditions. It’s also essential to consider how often the broker’s spreads remain at their lowest, as they could widen significantly under certain circumstances.
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