iQuoto – what we know and have as facts about it; iQuoto Limited is an appointed representative of Kapwealth Limited, which is authorized and regulated by the Financial Conduct Authority (FCA). This means iQuoto Limited does not keep any client money and uses third-party trustee services. Therefore, customer money is held by FCA-regulated company Kapwealth Limited, and iQuoto only benefits from commissions on traded volume.
We have found in the Terms of Business document that the company acts as an agent and transmits client’s orders to another broker for execution or iQuoto uses the Straight Through Processing (STP) model of orders fulfillment. It does not trade against its customers’ positions and only earns money from the spread provided and traded volume. Therefore, there is no conflict of interest between the parties.
So far, we have not received any complaints from customers of iQuoto. If you have any criticism to share with us or feel annoyed by iQuoto, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and iQuoto if you wish.