Reacting to a post by financemagnates on the fine iqoption got from cysex, a user named Almando silvier commented that iqoption is a scam
"IQOption is a total scam. I spent only 75 Euros trading their platform last year and the year before, but made over 1000 trades. Many trades were significantly profitable; but i found it impossible to consistently retain profit and i use a very stable, profitable methodology that works on several other FX platforms such as Oanda and XM.
After some research, i found out that IQOption the company was actually a video game platform builder previously. If you put that fact together, with the fact that the NFA has now changed the definition of “retail forex” to mean OTC ONLY, it should be evident that this broker (and all retail forex brokers) now provide simulated trading only; in fact, according to the NFA definitions, a person or entity with less than $10,000,000 in equity can not obtain access to live currency rates provided by regulated parties.
IQOption is, from my experience, a complete and utter swindle as it is displaying fictitious prices defined solely in favor of the company. If you invest ANY money with them, you will not recover it. If, by a ‘miracle,’ you recover some profits, that is only because the company must allow at least 1 or 2% of its clients to “win” (but they control these ‘wins’ 100%), in order to a) keep gullible fools connected and insanely watching that stupid, artiifical blip and b) to attract new, equally gullible fools to ‘invest with IQOption.’ FEF.RATING: FAIL"
After some research, i found out that IQOption the company was actually a video game platform builder previously. If you put that fact together, with the fact that the NFA has now changed the definition of “retail forex” to mean OTC ONLY, it should be evident that this broker (and all retail forex brokers) now provide simulated trading only; in fact, according to the NFA definitions, a person or entity with less than $10,000,000 in equity can not obtain access to live currency rates provided by regulated parties.
IQOption is, from my experience, a complete and utter swindle as it is displaying fictitious prices defined solely in favor of the company. If you invest ANY money with them, you will not recover it. If, by a ‘miracle,’ you recover some profits, that is only because the company must allow at least 1 or 2% of its clients to “win” (but they control these ‘wins’ 100%), in order to a) keep gullible fools connected and insanely watching that stupid, artiifical blip and b) to attract new, equally gullible fools to ‘invest with IQOption.’ FEF.RATING: FAIL"
After this comment by Almando silvier a another iqoption user countered the statement saying that Almando silvier is a loser that iqoption is the best.
So dear readers, the choice is now in your hands to choose iqoption or run away.
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