Review of the IQcent binary broker
IQcent is a trailblazer in the trading platform industry as the first ever to accept cents in trading. The provider binary options platform was established in 2017 and is headquartered in the Marshall Islands. It is beginner friendly and offers multiple binary options, CFDs, and over 100 assets.
IQcent allows users to trade all week, including weekends and provides top-notch customer services for those in need. Users can trade various instruments, including Forex, stocks, cryptocurrency and commodities, with a minimum size of $0.01. You'll get paid through one of the over 10 payment methods they provide.
IQcent fees and commissions
IQcent doesn’t request a fee or commission for trades with currency pairs, indices, or metals. However, according to the user agreement, the trading platform provider can charge a fee for opening a cryptocurrency CFD position. If the user is not using borrowed funds, the commission ranges between 1 and 2.5 of the transaction amount.
Traders aren’t charged for withdrawals or deposits, but the service provider might.
Account Type |
Spread(minimum value) |
Withdrawal commission |
Bronze |
From $7 |
For bank transfers |
Silver |
From $7 |
For bank transfers |
Gold |
From $7 |
For bank transfers |
VIP |
From $7 |
For bank transfers |
IQcent trading Instruments
IQcent offers traders over 100 assets through binary options and CFDs. The trading instruments include:
Over 40 major known and little-known currency pairs like EUR/USD, GBP/JPY and USD/CAD
German stocks, including BMW and Lufthansa
Commodities like copper, Gold and Brent Crude Oil
IQcent provides a proprietary, web-based trading platform with numerous features to make trading simple and fast. Traders don’t need to download the platform and will access user-friendly features ideal for novice traders.
The IQcent platform offers customisable charts with six-time frames (M2, M10, M30, H1, H4, D1). You’ll also access a candlestick to check prices and drawing tools for tick charts. You’ll also access inbuilt indicators that help you make informed decisions.
The platform also provides the latest news, where you can catch up with the industry's happenings. You’ll also access trading history, deposit funds, and copy trade with a few steps.
Opening an IQcent trading account
IQcent offers users 3 trading accounts and a demo account:
Bronze - It provides a +20% bonus, copy trading tools, a demo account and 24/7 live video chat support
Silver - It provides a +50% bonus, copy trading tools, a demo account, a master class, the first 3 risk-free trades and 24/7 support
Gold - It gives a +100% bonus, copy trading tools, demo account, master class, personal success manager and first 3 risk-free trades
Opening an account is as easy as heading to their website and signing up through the Sign Up logo. You must provide some useful information to open an account.
Deposits to and withdrawals from IQcent
The minimum a trade can deposit to IQcent is $250, and the minimum withdrawal is $20. While no depositing charges exist, a 5% fee applies for credit and debit card withdrawals.
IQcent provides the following payment methods for depositing and withdrawing:
Cryptocurrency (Bitcoin, Ethereum, Litecoin, and Altcoins)