IQTrade Reviews 3

Usually no one should use this app.The deposits system of this app is absolutely crap.Even after 30 hours my deposited 3000 rupees have not come to the trading account app nor have they been refunded to the Bank account.

Honestly it WAS good the first few months when it launched. I was earning like 70% winning rate I was happy with it until the huge crash in the server. Boom, many accounts blown. The support sucks and the team is just pointing fingers and not stepping up. There's one guy in the support chat group (name shall not be said to protect his life and his family) keeps showing profits and somehow everyone is on the same settings as him still loses money while he gains. It's ridiculous. Pls be cautious if you still wanna join, at least wait til they hire more help and the EA is stable. Once again I say that the EA is not bad at all. It's only the support that sucks so bad.

It started off well, and within a stable market, it is a decent counter-trend EA. But wait until things are not going well - I saw countless accounts being blown. People with thousands and thousands of dollars invested into their accounts, losing it all. I thought it would never happen to me, and today it did ... £2.5k down the drain - never happened to me in 5 years of trading. I agree - the market is what is in control, but the EA could have easily been made to adapt itself to the movements of the market. On top of this, the developers only have tested the EA on 3 USD pairs. Feedback was repeatedly given to them to test new ones, and kept getting excuses about how they did countless amounts of backtesting on the EA and it always got itself out of tricky situations ("the most we have seen is a single 9 stack setup with 30% drawdown"... well, 11 stacks were seen this month with 50% drawdown on most accounts older than 1 month old). When there is a heavy trend, a counter trend EA will not do well at all. Don't trust the celebrity promoters of this EA - the evidence is there: it doesn't work. A good attempt at bringing another EA to the market, but a lot more was needed to really be "The Most Intelligent Trading Platform on the Market". It isn't.