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Logic IQ Forex Broker provides real users with * positive reviews, * neutral reviews and 2 exposure review!

Logic IQ Broker Review

1.46

WikiFX monitor

Business

Influence E

License

No license

Logic IQ Review 2

Latest All(2) Exposure(2)
Exposure
I was scammed

I was introduced to this app by my friend and I deposited total 3500 and I was unable to get my money back, please stay away from this app!!!

Andy loh
2021-09-15
Exposure
I was scammed

I was introduced to this app by my friend and I deposited 2000 naira and I was unable to get my money back, please stay away from this app

bankole yinka
2021-09-05

  

Logic Iq 2025 Review: Everything You Need to Know

  Summary: The overall evaluation of Logic Iq reveals significant concerns regarding its legitimacy and regulatory compliance. Most sources classify it as an unregulated broker with numerous negative user experiences, highlighting issues such as difficulty in withdrawals and poor customer support. Notably, the broker lacks oversight from major financial authorities, which raises red flags for potential investors.

  Note: It is crucial to emphasize that the existence of various entities operating under the Logic Iq name across different jurisdictions can complicate matters of trust and accountability. This review consolidates findings from multiple sources to ensure fairness and accuracy.

  

Rating Box

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service & Support 2
Trading Experience 3
Trustworthiness 1
User Experience 2

  How We Rate Brokers: Our ratings are based on comprehensive analysis, including user feedback, expert opinions, and factual data from credible financial sources.

  

Broker Overview

  Logic Iq operates as an online trading platform specializing in Forex, cryptocurrencies, and CFDs. However, it is important to note that the broker does not have a clear establishment year nor a transparent operational history. The platform claims to provide its services through a proprietary trading platform, but details about the technology used are scant.

  Logic Iq offers a variety of account types, including Bronze, Silver, Gold, Platinum, Diamond, and VIP, each with its own set of features and benefits. However, the lack of regulation from major financial authorities, such as the FCA in the UK or the SFC in Hong Kong, raises concerns about the safety of client funds.

  

Detailed Section

  Regulated Geographical Areas: According to several sources, Logic Iq operates without any significant regulatory oversight, which is a major concern for potential traders. The absence of regulation means that there are minimal safeguards in place to protect investors.

  Deposit/Withdrawal Currencies/Cryptocurrencies: Logic Iq accepts various currencies for deposits and withdrawals, but specifics about the supported cryptocurrencies remain unclear. Users have reported difficulties in withdrawing their funds, which is a common complaint associated with unregulated brokers.

  Minimum Deposit: The minimum deposit requirements for opening an account with Logic Iq vary by account type. However, specific figures are not consistently reported across sources, indicating a lack of transparency.

  Bonuses/Promotions: There is little to no information available regarding any bonuses or promotions offered by Logic Iq, which is not uncommon for brokers with negative reputations.

  Tradeable Asset Classes: Logic Iq claims to offer a range of tradeable assets, including Forex, cryptocurrencies, and CFDs. However, the lack of transparency regarding the specific assets available for trading is a significant drawback.

  Costs (Spreads, Fees, Commissions): The costs associated with trading on Logic Iq are not clearly outlined, and users have reported hidden fees that complicate the trading experience. This lack of clarity is a common red flag for potential scams.

  Leverage: The leverage offered by Logic Iq is not specified in the reviewed sources, which is concerning as high leverage can lead to significant losses, especially for inexperienced traders.

  Allowed Trading Platforms: Logic Iq appears to operate on its own proprietary platform, but details about its functionality and user experience are vague.

  Restricted Regions: There are no clear indications of restricted regions, but given its unregulated status, it is advisable for traders from highly regulated jurisdictions to avoid Logic Iq.

  Available Customer Service Languages: The customer service options and languages available are not explicitly mentioned, but the presence of a contact email indicates some level of support.

  

Rating Box (Repeated)

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service & Support 2
Trading Experience 3
Trustworthiness 1
User Experience 2

  

Detailed Breakdown

  Account Conditions: Users have reported unfavorable experiences regarding account conditions, with many highlighting the difficulty in understanding the terms and conditions associated with each account type. The lack of regulatory oversight further complicates the trustworthiness of these account options.

  Tools and Resources: Logic Iq provides minimal tools and resources for traders, which is a significant disadvantage compared to more established brokers that offer extensive educational materials and trading tools.

  Customer Service & Support: The customer service experience has been described as poor, with reports of unresponsive support and difficulties in resolving issues, particularly concerning withdrawals.

  Trading Experience: The overall trading experience with Logic Iq appears to be fraught with challenges, particularly regarding the lack of transparency and the potential for hidden fees, which can lead to frustration for traders.

  Trustworthiness: The consensus across multiple reviews is that Logic Iq is not a trustworthy broker, primarily due to its unregulated status and the numerous warnings issued by financial authorities.

  User Experience: User experiences have been overwhelmingly negative, with many expressing concerns about the legitimacy of the broker and their ability to withdraw funds.

  In conclusion, the Logic Iq review indicates that potential traders should exercise extreme caution. The lack of regulation, poor customer service, and negative user experiences collectively paint a concerning picture of this broker. It is advisable to seek alternatives that are well-regulated and have a proven track record in the industry.

Logic IQ review