Beware, scammers: review and feedback about the forex broker Iqoption
Forex broker Iqoption positions itself as a giant in trading services. More than 50 million users are registered on this platform, and the number of daily transactions has exceeded 1 million. In addition, on this portal, you can study the latest news from the world of finance. And for a quick start, you are provided with many video tutorials and promotional offers.
We conducted an investigation into the activities of the forex broker Iqoption and are ready to share the results of our work with you.
Where to Find Forex Broker Iqoption? Addresses and Contacts
The decency of a forex broker is a guarantee of the safety of your funds and capital growth. A conscientious broker always openly and transparently talks about itself. We will analyze the data on the location and contacts of Iqoption.
Location data provided in the following format:
First, we checked the main office of the organization at Pauls Ave, Kingstown, Saint Vincent and the Grenadines. There is a building registered on this street Hinds Building.
However, as it turned out in the end, this address exists only on paper. The registration of the institution was done solely on mapping sites.
In addition, there are many mentions of Iqoption in the comments at this address. Here are a few of them:
Translation:
“There are no photos of this building and no official website. The company Iqoption definitely does not have an office here.”
Translation:
“This company is just a fake. It is not registered to provide financial services or securities consultations.”
The situation with the second address of the Iqoption company is similar. This office is located in Cyprus: Ionos 20, 4th floor, Flat/Office 401, Egkomi, 2406 Nicosia, Cyprus.
The address is only partially presented because there is simply no Ionos street in the province of Egkomi. Accordingly, this location can also be considered fake.
Contact information on the official Iqoption website is provided in the following format:
We tried to find additional information about the company’s location using such phone numbers:
- United Kingdom +44 20 8068 0760,
- Portugal +351 882 880 034,
- Australia +61 261 452 936.
We managed to talk to an operator at the UK number. As it turned out, he knows English very poorly. It was heard how he conversed with an assistant in Russian (their dialogue contained many obscene expressions). As soon as we asked him about the actual location of the company, he said he would check the information and asked us to wait. We waited for about 15 minutes, after which the call was interrupted.
We could no longer reach the specified number.
In turn, the Portuguese and Australian numbers were completely out of reach.
After such a failure, it becomes absolutely clear that scammers and fraudsters are operating here at Iqoption.
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Terms of Service or Legal Trap? Document Analysis
We have analyzed the terms of service of the Iqoption organization and are ready to provide you with the most interesting and conflicting details.
Point 1
What it means:
Cryptobroker Iqoption will conduct any type of transactions for you (even if they are knowingly losing). Also, in this clause of the contract, the company confirms that its quotes differ from the main exchange quotes. This is dangerous! After all, conditional coefficients can be deliberately understated to obtain additional funds for Iqoption at the expense of your trading.
Point 2
What it means:
Forex broker Iqoption does not bear any responsibility in case of errors in orders. In essence, this means that the company has full access to manage your account. It is entitled to borrow any share of income from your profitable deals.
Point 3
What it means:
In case of various disruptions in the operation of the trading platform Iqoption and the loss of client funds for this reason, the company disclaims any responsibility. By signing this agreement, you acknowledge that you have no right to complain about the forex broker due to software failures.
Point 4
What it means:
Cryptobroker Iqoption is entitled to deliberately harm its client. This allows it to appropriate your balance on the account. These actions can occur as a result of blocking or freezing your account or reducing the balance to zero.
What Do People Say about the iqoption.com Platform? Internet Comments and Reviews
We have collected comments from former clients and partners of the forex broker Iqoption for you. Let’s find out what reputation this company has.
Most of the comments about the Iqoption company on the Internet are negative. There are quite few positive reviews, but they also seem to be paid.
Pay attention to the review of Mikhail, a former client of the forex broker Iqoption:
“These are just ordinary scammers, don’t waste your time and money. I spent a whole year with them and even earned $1,500. But they realized that I could earn on Forex, so they accused me and blocked my account with my earnings, which I made over the year – and this is $7,000 in assets and $5,000 in the account. They do not withdraw when they realize that you are earning, not losing.”
Another review from a novice and client of the cryptobroker Iqoption Angela:
“I didn’t read the reviews and opened an account with them for $1,000. For three months now, I can’t withdraw the remaining balance ($300) because I lost $700 with their help. When opening, I sent all the documents they asked for. I filled out the withdrawal form, specifically went to the bank, got the details. A few days ago, the money was back in the account, and the withdrawal was rejected without explanation.”
The authenticity of these reviews and comments can be verified here (https://ratingfx.ru/iqoption-otzyvy/comment/).
After studying all the provided comments, we have come to the conclusion that the cryptobroker Iqoption is a scam and fraudster. Many people who worked with them could not get a penny from the company. It turns out that this broker simply does not withdraw money – this is the main income of the Iqoption company.
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Is It Worth Trading with the Forex Broker Iqoption? Our Advice
Company Pros:
- many promotional offers,
- video tutorials for an easy start.
Cons:
- hiding contact information,
- inflating statistical indicators on the main site,
- lack of certificates and licenses,
- poor client agreement,
- terrible reputation on the Internet,
- does not withdraw funds.
We strongly advise against using the services of the cryptobroker Iqoption. This company has proven itself to be scammers and fraudsters. There is a lot of false information on the official website. The broker’s goal is to make you deposit. However, you will never be able to withdraw your money!