IQX Trade Review
132
Review
Fast Facts
Account types
| Swapfree account* | ECN Account | Standard Account | |
|---|---|---|---|
| Minimum Deposit | 5'000 USD | 500 USD | 100 USD |
| Maximum Leverage | 1:500 | ||
| Spread from (pips) | |||
| Commission per lot (USD) | 0 | 6 | 0 |
| Minimum Trade Size | |||
| Step | |||
| Execution Type | |||
| Trading Instruments | |||
| Margin Call | |||
| Stop out | |||
| Swap Free | |||
| Currency | USD | ||
Deposits / Withdrawals
- Account Currencies: USD
Contact Info and Support
305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines
Traffic information
| Category | Metrics | Meaning |
|---|---|---|
| Ratings | Global Rank | - |
| Country Code | - | |
| Country Rank | - | |
| Category Rank | - | |
| Engagement metrics | Visits | 0 |
| Bounce Rate | 0 | |
| Pageviews per Visit | 0 | |
| Avg. Visit Duration | 0 | |
| Estimated monthly visits | July 2025 | 0 |
| August 2025 | 0 | |
| September 2025 | 0 | |
| Traffic sources | Social | - |
| Paid Referrals | - | |
| - | ||
| Referrals | - | |
| Search | - | |
| Direct | - |
About IQX Trade
IQX Trade claims registration with the Financial Services Authority of Saint Vincent and the Grenadines under number 579 LLC 2020; however, the SVG FSA does not possess authority to regulate forex activities, rendering this registration invalid for forex services.
IQX Trade offers three account types: Standard Account with a minimum deposit of USD 100, commission-free, maximum leverage up to 1 : 500, base currency USD, and trading via MT5; ECN Account with USD 500 minimum deposit, USD 6 commission, leverage up to 1 : 500; and Swap‑Free Account with USD 5 000 minimum deposit, no commission, and the same leverage. None of the account types support Islamic status, hedging, scalping, Expert Advisors (EAs), or negative balance protection.
The domain iqxtrade.com is reported as currently inaccessible, and the broker is labeled as “SCAM” by BrokersView due to both the lack of valid regulation and operational issues.
Who it’s for
- No verifiable regulated oversight means the service is not suitable for clients seeking investor protection or fund security.
- The high capital requirement for the Swap‑Free account (USD 5 000) may attract traders able to commit larger deposits, though risks remain.
Pros and cons
Pros
- Offers multiple account types with varying deposit levels and commission structures.
- Leverage up to 1 : 500 available across account types.
Cons
- Regulation from SVG FSA does not authorize forex services; the broker is effectively unregulated for forex trading.
- Domain is inaccessible, raising doubts about operational continuity.
- Key trading features such as Islamic accounts, hedging, scalping, EAs, and negative balance protection are unavailable.
- Classification as “SCAM” by independent watchdog due to regulatory and accessibility issues.
