IUBO Forex Broker

Note:IUBO's official website:http://www.iubofx.com/en/ is currently inaccessible normally. AspectInformation Company NameIUBO Registered Country/AreaThe Virgin Islands Founded Year2004 RegulationNFA(Unauthorized) Trading PlatformMT4/5 Customer SupportPhone: 4001522678, Email:service@iubofx.comIUBO Information Operating with an illegal NFA status, IUBO, registered in the Virgin Islands and founded in 2004, The firm provides client help by phone at 4001522678 and email at service@iubofx.com in addition to trading via MT4/5 systems.Is IUBO Legit or a Scam？ National Futures Association(NFA) Current StatusUnauthorized Regulated byNFA License TypeCommon Financial Service License License No.0509434 Licensed InstitutionIUBO INVESTMENT MANAGEMENT CO LTDDownsides of IUBO Fraud Risk: Operating under an unauthorized NFA status increases the likelihood of financial misconduct and fraud.Lack of Regulation: Due to the company's unregulated nature, there is no official regulation to protect investor money or ensure fair trade practices.Openness Issues: A lack of proper oversight may result in actions that lack transparency, affecting traders' perceptions of the platform's credibility.Scam Potential: Being registered in the Virgin Islands and having illegal regulatory status increases the likelihood that the platform will be a hoax.Negative IUBO Reviews on WikiFX On WikiFX, “Exposure” is listed as a word of mouth recommendation from users. Traders should evaluate information and analyze risks before trading on unregulated platforms. Please browse our platform for further information. By reporting dishonest brokers in our Exposure area, you can help our staff address any problems you may run into. Currently, there are eight pieces of IUBO exposure. I'll introduce two of them. Exposure.1 Scam ClassificationScam DateSeptember 20th,2018 Post CountryHongKong,China The client claimed IUBO is a financial fraud tool used for market manipulation.You may visit: https://www.wikifx.com/en/comments/detail/208097309320729.html Exposure.2.Fake slippage ClassificationFake slippage DateSeptember 24th,2018 Post CountryHongKong,China The customer claimed IUBO resulted in substantial losses with fake slippage, whereby crude oil prices fell dramatically in a minute on August 28.You may visit: https://www.wikifx.com/en/comments/detail/208093205321917.htmlConclusion In essence, trading with IUBO is dangerous given documented cases of false slippage and market manipulation. To guarantee a more safe trading experience, it is advisable to select well regulated and open brokers.