IQ Matrix has been flagged by National Securities and Stock Market Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
The platform itself is okay, but the customer service at IQ Matrix is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Transparent fees|Reliable uptime|Easy to use platform|Multi-device support
Cons: No integrated tax optimization
Tried to withdraw my funds from IQ Matrix and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Professional looking website
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
The platform at IQ Matrix is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about five months of dealing with this, I have had enough.
Pros: Wide product range|Helpful community forum
Cons: Spreads widen during volatile periods|Minimum deposit could be lower
I requested my data from IQ Matrix under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Excellent charting|Reliable uptime|Transparent fees|Fast support response
Cons: Search feature is basic|Account statements could be more detailed
The so-called education at IQ Matrix is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for over three years thinking they would help me learn.
Pros: Clear documentation|Clean UI
Cons: Some tools only available on higher tiers|Limited ETF selection
IQ Matrix has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Economic calendar|High security standards
Cons: Slow to add new assets|Limited cryptocurrency options
If you are reading this considering IQ Matrix - run. I wish I had read more negative reviews after seeing their ad online. I thought the positive ones were real. Maybe some are. My experience over for over three years has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Economic calendar|Tax reports included|Smooth onboarding|Multi-device support
Cons: Currency conversion fee exists
I had a dispute with IQ Matrix and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Responsive team|Reliable uptime|Fast support response
Cons: Charting tools need more indicators|No crypto staking
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that IQ Matrix has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Not registered with regulators|Unrealistic promises