About Crypto IQForex Trade
Company Overview
Crypto IQForex Trade is a financial services entity registered in the United States, specifically at 369 Lexington Ave 3rd Floor, New York, NY 10017. According to public records, the company was established on January 12, 2021. The official website is cryptoiqfxtrade.com, though as of this review, the site's content could not be independently verified.
Despite its registration in a major financial hub, Crypto IQForex Trade does not hold any known regulatory licenses from U.S. authorities such as the Commodity Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC). This absence of regulatory oversight is a significant factor for potential clients to consider.
Regulatory Status
Our research indicates that Crypto IQForex Trade operates without any regulatory supervision from recognized bodies. The company's address in New York does not guarantee compliance with U.S. financial regulations, and no records of registration with the National Futures Association (NFA) or any state-level regulator were found.
Traders should exercise extreme caution when dealing with unregulated entities, as there are no mechanisms for dispute resolution or compensation schemes in case of financial loss. The lack of regulatory oversight is often associated with higher risks and potential fraudulent activity.
Risk Assessment
FXCanary's Scam Risk Score for Crypto IQForex Trade is 45 out of 100, classified as 'Guarded'. This score reflects the inherent risks of trading with an unregulated broker, including the possibility of misappropriation of funds or sudden closure of operations.
While the company is registered as a business entity, registration alone does not imply financial probity or adherence to industry standards. Investors should conduct thorough due diligence and consider the absence of regulatory protection when evaluating this broker.
Target Audience
Given the lack of regulatory information and the guarded risk score, Crypto IQForex Trade may not be suitable for retail traders seeking a secure trading environment. The broker's name suggests a focus on forex and cryptocurrency trading, but without verified services or client feedback, its target audience remains unclear.
Experienced traders who fully understand the risks of dealing with unregulated entities might consider this broker, but our recommendation is to prioritize brokers with established regulatory records.
Overview compiled by FXCanary from regulatory records and public data. full Crypto IQForex Trade review