IQFX

According to WikiFX data, IQFX holds a low core safety score of 2.13 out of 10, primarily due to its unregulated status. The broker operates under the registration of IQFX Ltd in Saint Lucia without a valid forex trading license from any major financial authority. This lack of regulatory oversight significantly elevates the risk profile. While the platform offers a genuine MT4 license and solid technical metrics, the absence of supervision means traders have limited recourse in case of disputes. It should be approached with a high degree of caution.

No, IQFX is not regulated by any authoritative financial regulator. Its license list shows no active forex licenses, and the regulatory status is classified as 'Not Regulated' according to WikiFX. The broker is registered in Saint Lucia but does not hold oversight from entities such as the FCA, ASIC, or CySEC. This lack of credible oversight places it outside the framework of mainstream investor protection schemes.

IQFX offers four account types with varying minimum deposit requirements. The Standard account requires a minimum of $50, the Copy account requires $100, the Stock account requires $500, and the Zero account requires $1,000. This range accommodates both low-capital beginners and more capitalized traders.

IQFX supports the MetaTrader 4 (MT4) platform with a genuine full license. It does not offer MT5. The MT4 platform is known for its reliability and advanced trading tools. WikiFX verification shows an average execution speed of 58 milliseconds, indicating a technically sound trading environment.