iQuoto

According to WikiFX assessment, iQuoto holds a low overall score of 2.24, primarily due to its lack of valid regulatory oversight. The broker's former FCA Appointed Representative license (No. 826970) has been revoked, leaving it in an unregulated status. Traders should consider the elevated risk associated with unregulated entities before committing funds.

iQuoto is not currently regulated for forex trading. Its only known license, an FCA Appointed Representative (AR) registration (No. 826970) in the United Kingdom, has been revoked. The broker operates without any active regulatory oversight from major financial authorities.

The minimum deposit depends on the account type. The ECN Account requires a minimum deposit of £2,000, while the Standard Account has no minimum deposit requirement.

iQuoto supports the MT5 platform, which holds a full license and demonstrates an average execution speed of 137.56 ms. MT4 is not offered.

Pro: The broker offers the MT5 platform with a full license and fast execution speed (137.56 ms), along with support for scalping, hedging, and EA trading. Cons: 1. iQuoto has no valid regulatory oversight, as its former FCA license has been revoked. 2. The WikiFX score of 2.24 reflects a high-risk profile. 3. The ECN account requires a relatively high minimum deposit of £2,000.

WikiFX data shows two user reviews, both positive, with no recorded complaints or significant negative exposure. Traders are encouraged to exercise due diligence given the broker's unregulated status.

There is no explicit confirmation of availability for US residents. Given iQuoto's lack of regulation by US authorities such as the SEC or CFTC, it is unlikely to serve US clients. Traders should verify directly with the broker and consider local legal restrictions.

The Standard account's no minimum deposit and spreads from 1.3 pips can be appealing for beginners, but the absence of regulatory oversight significantly raises the risk profile. Beginners are generally advised to prioritize brokers with strong regulation, transparent fee structures, and educational resources. iQuoto's unregulated status may outweigh its low entry barrier.

The ECN account offers raw spreads with a £2,000 minimum deposit (commission structure not disclosed), while the Standard account has spreads from 1.3 pips. No additional fees such as commissions, swap rates, or inactivity fees are detailed. Traders should calculate total costs based on their trading style.

iQuoto provides two account types: an ECN Account requiring a £2,000 minimum deposit with raw spreads, and a Standard Account with no minimum deposit and spreads from 1.3 pips. Both accounts offer maximum leverage of 30:1, support scalping, hedging, and EA trading, and are available on the MT5 platform. The key differences are the minimum deposit and spread structure.

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