IQToro Review: Platform Performance and User Insights

Intelligent word gameplay by IQToro, combining names of two of the biggest trading platforms – IQOption and eToro, gives them the advantage of claiming they are regulated and legit brokerage. Of course, nobody is surprised about their presence in the UK and Europe with such a name. However, our IQToro review will expose this fraud and show you why your money is not safe with it.

IQToro Regulations and Security

Checking IQToro’s website, we saw a broker claiming to be based in the UK and owned by Toro Group Limited. Also, they claim to have offices in the EU. A so-called FCA regulation number instead is the registration number of their UK-based entity. So yes, we did find a company under the name Toro Group Limited registered in the UK to provide consultancy services OTHER than financial management. Therefore, it’s clear this company is hiding their real business and haven’t opted for the FCA regulation at all.

Beware of the IQToro scam and similar brokers such as Trendex, AssetDex and Razer Markets.

Fund Withdrawal Issues

Saying all of the above, you can already understand there are numerous withdrawal issues with IQToro company. The broker is not regulated, meaning it can do whatever, and clients have nowhere to complain. We’ve learned IQToro is offering clients bonuses with the condition of rolling over the bonus 10,000 times before being able to withdraw any funds. Of course, none of this will be said before accepting the bonus agreement, only later. Broker’s platform is a rather poor TradingView chart that has extreme issues to open. Therefore, even making money is a challenge with this company.

Traders Opinion

According to IQToro reviews, there’s not a lot of love for this brokerage. Reviews show that clients, especially from the UK, are highly disappointed to learn their broker is not really FCA regulated and they are not entitled to the FSCS compensation fund. Instead, they are on their own, looking for a way to withdraw the money, which is unacceptable.

How Does Online Trading Scam Work?

In the case of IQToro, someone came up with fantastic marketing – taking the name from two big market players. Once clients verify that IQOption or eToro are regulated, it’s easy to pretend to be a part of the system. The minimum deposit with IQToro is $250, an industry standard, and doesn’t make traders suspicious. However, after investing this initial deposit, they are asked for more and more money, without a possibility to make a withdrawal. And this is where suspicion is waking up. After numerous attempts to submit a withdrawal request and get their money back, clients are forced to seek an alternative solution.

Scammed by IqToro?

If you were scammed by IQToro, let us know immediately. You should file a dispute and request a chargeback before time runs out. The request must be submitted within 180 days of the transaction occurring.

But what is a chargeback?

It’s a way for your bank to reverse the funds in case you have been scammed. Yet, the process has its own complications, and the best would be to consult professionals. Contact our support via online chat and get all the necessary information immediately.