IQCent Review

IQCent is a trading broker established in 2017, though it only started providing online trading services in 2020. The company is located in Majuro, Marshall Islands.

IQCent is regulated by the International Financial Market Relations Regulation Center (IFMRRC). Nonetheless, it is essential to note that the broker is not currently registered or regulated by any other prominent regulatory authorities.

Account Types

IQCent presents four different account tiers tailored to various trading preferences and investment levels, including:

• Bronze: The basic account requiring a minimum deposit. This account provides 24/7 live video chat support, 1-hour withdrawal processing, a deposit bonus of up to 20%, access to a demo account, and a copy trading tool.
• Silver: The Silver tier incorporates all the benefits of a Bronze account, in addition to a master class web session and three risk-free trades. The deposit bonus is increased to up to 50%.
• Gold: This premium account includes all Silver tier benefits, along with a 100% deposit bonus and a personal success manager to help improve your trading strategy.
• VIP: A VIP account tier is also available for more seasoned traders.

Deposit Methods

• Credit/Debit Cards (5% fee applied)
• Bitcoin (BTC)
• Ethereum (ETH)
• Other altcoins
• Wire transfers (mentioned in terms and conditions)

The minimum deposit is set at $20, which is relatively low compared to many other trading platforms.

Withdrawal Options

• Withdrawal methods mirror those available for deposits
• Minimum withdrawal amount: $20
• Processing time: Up to 1 hour
• Wire transfers incur a fee of $50

All funding methods typically offer instant processing times, and transfers are free aside from credit/debit card transactions that come with a 5% fee and wire transfers that include a $50 charge.

Features

IQCent provides a range of tools to enhance the trading experience:

• A demo account for practice trading
• Copy trading capability
• Trading tools including double up, rollover, and early close options
• Advanced charting features with customization options
• Drawing tools for trade planning

Users can additionally utilize the exclusive code "BINARYTRADING" to increase their bonus by up to 150%.

Leverage

IQCent enables traders to leverage their positions up to 1:500 for binary options and CFDs. This allows the potential to amplify trading amounts by up to 500 times their current assets, which can lead to significant gains but also substantial risks associated with losses.

• Leverage Ratio: Up to 1:500, providing traders the chance to substantially amplify their positions.
• Trading Instruments: Leverage can be utilized across various assets, including Forex pairs, commodities, indices, and cryptocurrencies.
• Risk Management: While high leverage can enhance potential returns, it can also increase risk, making it vital for novice traders to be aware.

It is important for traders to be aware of the risks associated with high leverage and to manage their positions wisely to avoid significant losses.

Asset Types

IQCent offers a comprehensive variety of trading options across various asset classes and global markets. The primary types of assets and markets available on IQCent include:

• Forex (Currency Pairs): Trade major, minor, and exotic forex pairs such as EUR/USD, GBP/JPY, AUD/CAD, and USD/JPY, among others.
• Commodities: Access markets for popular commodities, allowing for trading in assets like gold, silver, oil, and more.
• Stocks: Invest and trade in shares of renowned global corporations.
• Cryptocurrencies: Engage in trading digital assets including mainstream cryptocurrencies (such as Bitcoin and Ethereum).
• Indices: Participate in trading popular global indices that track groups of stocks and market sectors.

Overall, IQCent provides access to over 100 trading assets, enabling traders to diversify across multiple markets and asset types.

Platforms

IQCent features a proprietary online trading platform that is accessible directly through web browsers without requiring software downloads. This user-friendly platform allows access from virtually any device, simplifying the trading process for all users regardless of experience level.

• Advanced Charting and Analytical Tools: Users have access to customizable charts equipped with various drawing tools and a wide array of technical indicators, aiding strategic trade planning and analysis.
• Copy Trading: The platform includes a CopyTrading feature that allows users to easily replicate the strategies of successful traders—ideal for beginners or those seeking to automate trading decisions.
• Asset Variety: IQCent supports trading in multiple markets encompassing forex, cryptocurrencies, CFDs, and binary options, all consolidated within the same platform.
• Economic and Trading Alerts: Features like price movement alerts, smart news feeds, and economic calendars assist traders in staying informed about relevant market occurrences.
• Order Management Features: The platform offers functionalities like double up, rollover, and early close, granting flexibility in trade management.
• Demo Account: New users can practice trading strategies risk-free with a demo account prior to engaging in real money transactions.
• Low Minimum Requirements: Trading is accessible with a minimum deposit of $20 and minimum trade size of $0.01.
• 24/7 Humanized Support: Support is available around the clock via chat, email, and phone.
• Fast Deposits and Withdrawals: The platform supports multiple funding methods including credit/debit cards and cryptocurrencies, ensuring rapid processing times.
• Trading Tournaments and Bonuses: Users can partake in trading tournaments and gain bonuses, with opportunities to win additional rewards.

Fees

IQCent traders can expect various types of fees while engaging with the platform. These encompass deposit/withdrawal fees, trading commissions, inactivity fees, and overnight fees.

Deposit and Withdrawal Fees

When crediting your IQCent account or withdrawing funds, the following charges may be applicable:

• 5% transfer fee for deposits and withdrawals via credit/debit cards
• $50 fee for wire transfers

Trading Commissions

IQCent operates under a mixed fee structure based on the instruments traded:

Binary Options: Zero-commission pricing on binary options trades.

CFD Trading:

• Standard spreads (approximately 0.3 pips on major currency pairs like EUR/USD)
• Commission rates of 1%-2.5% on unleveraged crypto CFDs
• Commission rates of up to 5% on leveraged CFD crypto positions

Forex Spreads:

• GBP/USD: 0.8 pips
• EUR/USD: 0.3 pips
• GBP/EUR: 0.8 pips

CFD Spreads:

• FTSE: 1.4
• Oil: 0.05

Non-Trading Fees

Inactivity Fee: A monthly fee of $10 is charged if you do not execute at least one trade each month.

Overnight Fees: Swap fees of 0.07% of the face value for maintaining positions open overnight.

Payouts and Returns

IQCent provides competitive payouts for traders:

• Up to 98% payouts on binary options, comparable to leading competitors like Quotex
• High payout rates (95%) on numerous currency pairs, OTC cryptos, and energies
• Additional payout increases of 1%-3% available for Silver, Gold, and VIP account holders

Comparative Assessment

When compared to other brokers, IQCent’s fee structure has both pros and cons:

IQCent is a cost-effective option for active binary options traders, but its fee structure is less competitive for CFD traders compared to specialized brokers like Pepperstone, which typically offer tighter spreads and no commissions on crypto CFDs.

The $10 monthly inactivity fee could be particularly burdensome for casual or beginner traders who might not trade often, and some analysts recommend that IQCent should consider lowering their $250 minimum deposit requirement and extending their inactivity period to better compete with top market players.

Pros

• Proprietary trading platform suitable for beginners and experienced traders.
• Integration with TradingView: over 100 technical indicators and drawing tools, time frames from 1 minute to 4 days.
• Modern, user-friendly interface.
• New features: investment buttons ($5, $10, $50, all-in), take-profit and stop-loss functions for CFDs.
• Additional tools: Rollover (extends transaction time), Double Up (doubles the transaction), Sell (sell before expiration).
• Commission-free trading for all account types.
• No fees for deposits, crypto withdrawals, account maintenance, or copy trading use.
• Withdrawals processed within 60 minutes of request.
• Instant deposit processing.
• Client funds securely stored in European bank accounts.
• Access to forex, cryptocurrencies, and binary options.
• Floating spreads from 0.7 pips.
• Multiple account types with varying conditions.
• 24/7 binary options trading available.
• Over 100 tradable assets and a low minimum deposit of $500.
• Copy Trader: follow and replicate strategies of experienced traders.
• Live Trades: copy all active trades in real time.
• Silver and Gold accounts receive 3 risk-free trades using bonus funds.
• Regular trading competitions and prize giveaways.
• Referral program offering bonuses for inviting new users.

Cons

• IQCent operates as an unregulated broker, raising concerns about the safety and protection of client funds compared to regulated platforms.
• Relatively high withdrawal fees, often exceeding industry norms, can reduce profitability—especially for frequent withdrawals.
• The platform lacks in-depth educational resources, offering mostly text-heavy content unsuitable for beginners.
• No support for MetaTrader (MT4/MT5), requiring traders to adapt to a proprietary platform with fewer advanced features.
• Limited selection of tradable assets (around 100), with no stock options available.
• Not accessible in certain jurisdictions, including the U.S. and parts of Europe, due to regulatory restrictions.
• Market research and technical analysis tools are basic and less comprehensive than those of top-tier brokers.
• Research often requires separate windows (e.g., TradingView), disrupting workflow efficiency.
• Economic calendar only includes high-importance filters with minimal event toggling options.
• Customer support, though available 24/7, is inconsistent—agents handle only basic queries, and privacy concerns have been reported.
• High minimum deposit and restricted demo account access may deter beginner traders from exploring the platform.

Although IQCent may suit some traders with its proprietary platform and specific payout features, these significant drawbacks deserve careful consideration before establishing an account.

Customer Support

IQCent offers comprehensive customer support services available 24/7 to assist traders with any concerns or inquiries that may arise while trading on the platform.

Email Support

For non-urgent matters, customers can reach out via email at support@iqcent.com or contact@iqcent.top. IQCent advises using the same email address registered to help locate your trading account more efficiently.

Phone Support

IQCent offers phone support with dedicated numbers for various regions:

• English: +1-8299476383
• Russian: +7-499-3806317
• Australia: 61-8-5550-7288
• Chinese: 3-395-0396
• Singapore: 965-65425142
• Thai: 02-21345671

Call charges are according to the tariffs set for the respective city, which will differ based on your telephone service provider.