Score
IUBO
The Virgin Islands|5-10 years| http://www.iubofx.com/en/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
4001522678
Other ways of contact
Broker Information
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IUBO Investment Management Co.,Ltd
IUBO
The Virgin Islands
Pyramid scheme complaint
Expose
Check whenever you want
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
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IUBO · Company Summary
Note:IUBO's official website:http://www.iubofx.com/en/ is currently inaccessible normally.
| Aspect | Information |
| Company Name | IUBO |
| Registered Country/Area | The Virgin Islands |
| Founded Year | 2004 |
| Regulation | NFA(Unauthorized) |
| Trading Platform | MT4/5 |
| Customer Support | Phone: 4001522678, Email:service@iubofx.com |
IUBO 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 Status | Unauthorized |
| Regulated by | NFA |
| License Type | Common Financial Service License |
| License No. | 0509434 |
| Licensed Institution | IUBO INVESTMENT MANAGEMENT CO LTD |
Downsides 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
| Classification | Scam |
| Date | September 20th,2018 |
| Post Country | HongKong,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
| Classification | Fake slippage |
| Date | September 24th,2018 |
| Post Country | HongKong,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.html
Conclusion
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.
Review 8
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