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How do I make sure my trading experience is secure at IQCENT?
Sam
Malaysia
Jun 30, 2022
ANSWER IQcent is not a licensed or regulated broker even though it states offers that look good to be true. IQcent claims it is owned and operated by Wave Makers LTD, a company regulated by the Marshall Islands Registry (IRI). We do find a match result to Wave Makers LTD in IRI, but the registration status is annulled. Besides, Marshall IRI does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. More importantly, the Portuguese Securities Market Commission (CMVM) and the Spanish National Securities Market Commission (CNMV) both issued warning against IQcent for providing financial services without authorization. You can view full alerts or warnings against IQcent from CMVM and CNMV by clicking on the hyperlinks.We would recommend traders stay away from unregulated brokers like IQcent and trade with licensed brokers.
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Will my fund be protected if the broker closing down their business?
Rimsha
Belgium
Apr 02, 2022
ANSWER IQcent is an unlicensed broker and should be avoided at all events. IQcent claims to be operated by Wave Makers LTD, a regulated firm by the Marshall Islands Registry (IRI). However, Marshall IRI is not a government agency, nor is it a regulatory agency.That is to say, IQcent is not regulated by any financial regulator. What's worse, the Spain CNMV and Portuguese CMVM have successively added IQcent to the alert lists to warn the public that this firm is not authorised to provide the investment services in their countries. You can check the full alert or warning from CNMV and CMVM on IQcent respectively.As per the evidences above, our conclusion is that IQcent is thoroughly a scam on account of running its business without any licenses. Therefore, we would recommend traders stay away from unregulated brokers and trade with licensed brokers.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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