Information about BtcCoins IQ Dealing Center
The BtcCoins IQ Dealing Center announces its Swiss registration at Bucherring 12c 6093 Villars-sur-Glâne. The presence of licensing documentation is not confirmed, however, licenses from several regulators are claimed:
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FCA. No. 9472/41-78.
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ASIC. No. 946/38.
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FSC. No. C958472065.
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FSCA. No. 47/594/30/49.
The official website btcoinsiq.com is available in Russian. The main page is represented as follows.
Contact information includes a phone number, email address, and a callback request form. Online chat and links to social networks are not provided.
According to the broker’s statement, it has been operating since 2018. The identities of the founders, executives, and company staff, as well as their data, remain confidential.
BtcCoins IQ Trading Conditions
According to the data of the dealing center, clients are provided access to 200+ financial instruments, including precious metals, currency pairs, shares of major companies, indices, and cryptocurrencies. Each asset category has its description on the website with trading features.
There are three types of BtcCoins IQ accounts:
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Basic. Minimum deposit is $150. Leverage 1:100.
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Advanced. Minimum deposit amount is $1000. Leverage 1:500.
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Professional. Minimum deposit amount is $10000. Leverage 1:500.
Regardless of the account type, all clients are guaranteed instant trade execution. However, the opportunity for full diversification is not available to all users. For example, trading cryptocurrencies is only accessible with an Advanced or Professional account.
“Advanced” account holders have other advantages, including deposit insurance for Professional account holders, round-the-clock support, and deposit protection.
Clients can use a trader’s calculator to calculate margin, potential profit, and commissions (spread and swap).
Collaboration with BtcCoins IQ involves three stages:
1. Choosing an account based on the client’s financial capabilities and preferences.
2. Registration and funding the account.
3. Authorization in the trading terminal to start trading.
Account Funding and Withdrawal from Btcoins IQ
Bank transfers and electronic wallets can be used for deposit and withdrawal of funds. The working principle with payment systems is not disclosed. According to the “Withdrawal and Refund Policy” document, deposit and withdrawal should only be made through clients’ personal accounts without the use of transfers from third parties. The withdrawal period is up to 2 business days. Bank cards can be used, however, information on commissions is not provided.
Conclusion
It is recommended to carefully study the reviews about Btcoins IQ and consult with an independent expert before starting work with this dealing center. Despite having licenses, precautionary measures are advised.