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
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
The Virgin Islands
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed IUBO also viewed..
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Website
iubofx.com
Server Location
Singapore
Website Domain Name
iubofx.com
Website
WHOIS.NAMECHEAP.COM
Company
NAMECHEAP INC.
Domain Effective Date
2017-08-23
Server IP
139.180.208.175
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.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 8
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FX1909254991
Hong Kong
Their slippage for crude oil was ridiculous. It slipped from 76.323 at 20:00:07 on August 28th to 73.120! We all lost a lot!
Exposure
2018-09-24
橄榄绿
Hong Kong
They manipulated the market, Scam!
Exposure
2018-09-20
FX4699462920
Hong Kong
Please verifyIUBO’s fake trading problem. In case that more people are fooled. IUBO forced the orders in the client’s account to close out on August 31.
Exposure
2018-09-03
黄蜀黍
Hong Kong
Iubo has WeChat orders.Overnight, our positions went up 60 percent or more.
Exposure
2018-09-01
FX8929864274
Hong Kong
I traded on their MT5 platform. Their investment instructor gave me directions in Wechat groups. They asked me to buy crude oil and made my position liquidated. Somebody helps me!
Exposure
2018-08-31
橄榄绿
Hong Kong
The platform set up position to trade crude oil on August 29th.Then the market slipped 3300 pips or so in 1 minute,leading to all accounts liquidated.
Exposure
2018-08-31
一生有你
Hong Kong
IBO is a scam platform, letting us lose more than 6,000 US dollars. Our Xuchang suffered a total loss of more than one million. I hope you expose the platform. Our phone No.18939123667
Exposure
2018-06-19
一生有你
Hong Kong
The fraud platform deliberately made us lose more than $6000.Many person from Xuchang has been defrauded of more than 1 million RMB.Hope you make an exposure on it.
Exposure
2018-06-19