Iztonix has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The spread at Iztonix is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them based on a colleague's recommendation and initially thought the platform was good - until I started trading seriously.
Pros: Social trading features|Fast support response
Cons: Limited ETF selection|No live chat on mobile
I opened an account with Iztonix for nearly two years ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Low minimum deposit|Customizable dashboard|Transparent fees|Responsive team
Cons: No dark mode on mobile
The mobile app from Iztonix is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Quick verification|Professional team
Cons: Website design could be more modern|Help articles are sometimes vague
My card was charged twice by Iztonix on the same day. I had to dispute it with my bank. Iztonix then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Great customer service|Professional team
Cons: Cannot customize dashboard fully
The reporting at Iztonix 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: Easy withdrawals|Low minimum deposit
Cons: No crypto staking
Iztonix locked my account without warning and demanded documents I had already submitted. for about ten months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Good mobile app|Clear documentation|Easy to use platform
Cons: Wait times can be long during peak hours
The so-called education at Iztonix 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 since I retired last year thinking they would help me learn.
Pros: Market news feed|Segregated accounts|Regular updates|Dedicated account manager
Cons: Minimum deposit could be lower
Tried to withdraw my funds from Iztonix 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: Withdrawal fees demanded|Communication cut off|Not authorized
I trusted Iztonix with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Professional team|Automated trading options|Fast execution
Cons: Cannot customize dashboard fully|None so far
I closed a profitable position at Iztonix and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Demo account available|Real-time alerts
Cons: No live chat on mobile|Some tools only available on higher tiers