IQCOPYTRADER has been flagged by Financial Conduct Authority 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.
Several red flags with IQCOPYTRADER: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
The reporting at IQCOPYTRADER is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Detailed reporting|Market news feed|Comprehensive tools
Cons: Limited cryptocurrency options
Where do I even begin with IQCOPYTRADER? for the past year and a half of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Stable platform|Educational resources
Cons: Charting tools need more indicators|Some tools only available on higher tiers
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. IQCOPYTRADER recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: High security standards|Clean UI
Cons: Spreads widen during volatile periods|Limited demo account features
After using IQCOPYTRADER since I retired last year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Dividend tracking|Transparent fees|Helpful community forum
Cons: Limited ETF selection|No phone support on weekends
IQCOPYTRADER has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Fast deposits|Economic calendar|Customizable dashboard
Cons: No fractional shares
Customer support at IQCOPYTRADER 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: Dedicated account manager|Transparent fees
Cons: Currency conversion fee exists
Tried to withdraw my funds from IQCOPYTRADER 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.
Cons: Lost entire investment|Reported to authorities|Unresponsive
I am in a dispute with IQCOPYTRADER over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Social trading features|Tax reports included
Cons: Live chat only during business hours|Onboarding videos are outdated
I found IQCOPYTRADER after doing extensive research and the initial impression was positive. But for the past year and a half later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: No hidden fees|Reliable uptime|Easy withdrawals
Cons: Onboarding videos are outdated|Limited social trading features