IUBO

Note:IUBO's official website:https://www.iubofx.com/en/ is currently inaccessible normally.

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

1. Fraud Risk: Operating under an unauthorized NFA status increases the likelihood of financial misconduct and fraud.
2. Lack of Regulation: Due to the company's unregulated nature, there is no official regulation to protect investor money or ensure fair trade practices.
3. Openness Issues: A lack of proper oversight may result in actions that lack transparency, affecting traders' perceptions of the platform's credibility.
4. 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

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

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.