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Within 1 year

Is IQM CAPITAL a legit broker?

Broker Issues
IQM CAPITAL
Regulation
06-02
United States
WikiFX
Reply

Although IQM CAPITAL might appear professional with its range of trading services and offerings, its lack of regulation makes me wary about its legitimacy. When a broker is unregulated, it lacks accountability, which increases the chances of issues related to withdrawals or disputes. This is particularly concerning because the legitimacy of a broker is tied directly to its ability to provide transparent services, offer timely customer support, and ensure proper handling of clients' funds. In my personal experience, I prefer trading with regulated brokers because they offer more security and have a track record of adhering to industry standards. When a broker has negative reviews or reports of difficulties with withdrawals, it raises significant red flags, and this is why I would recommend doing thorough research before engaging with IQM CAPITAL. While the broker may have attractive features like high leverage and multiple asset options, the absence of a regulatory body leaves too much uncertainty, and for me, it’s not worth the risk.

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