IqFinex is a centralized exchange which originated from Saint Vincent, it a crypto-crypto trading exchange as well as a fiat-crypto exchange that gives users the appropriate condition to trade, buy or sell their cryptocurrencies. The fiat payments are made through a third party site which in this case, might be trustworthy or otherwise. I haven't used this exchange before because it was not available and wasn't offering any trading services, thus it had no use case. Launched in 2018, Iqfinex is a centralised platform for buying and selling cryptocurrencies with either fiats or other cryptocurrencies.
Scam exchanges are becoming more and more in the cryptosphere, always research before venturing into any exchange.!!!