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.
After spending for the past six months trying to make IQ Matrix work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Instant funding|Market news feed|Social trading features
Cons: Limited cryptocurrency options|Website design could be more modern
Customer support at IQ Matrix seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Multiple order types|Full transparency|Social trading features
Cons: Minor UI glitches occasionally
After for roughly four months with IQ Matrix I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Smooth onboarding|Fast support response|Wide product range|Detailed reporting
Cons: Cannot customize dashboard fully