IQINEX 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. Website domain: www.iqinex.live.
I had high hopes for IQINEX when my bank disappointed me and I searched for alternatives, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Fast support response|Clean UI|Demo account available|Copy trading available
Cons: Limited cryptocurrency options|Search feature is basic
I want to warn everyone about IQINEX. They have been flagged by Financial Conduct Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Initially responsive customer service
Cons: Lost entire investment|Reported to authorities|Unresponsive
IQINEX seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Smooth onboarding|Demo account available|Stable platform
Cons: Limited cryptocurrency options
After for about three months with IQINEX 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: Risk management tools|Multi-device support|Easy withdrawals|Intuitive for beginners
Cons: No dark mode on mobile
What really bothers me about IQINEX is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them based on a colleague's recommendation and I fell for the polished exterior. Never again.
Pros: Stable platform|Competitive fees
Cons: Limited cryptocurrency options|Currency conversion fee exists
I was about to invest with IQINEX but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Not registered with regulators|Unrealistic promises
The platform itself is okay, but the customer service at IQINEX 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: Risk management tools|Dedicated account manager|Clean UI|Segregated accounts
Cons: Could offer more webinars