According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- WebTrader
- Rollover
- Sell trade
- Double up
- Live trades copying
- SuperStrike and TradeBack
Our Evaluation of IQcent
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
IQcent is a moderate-risk broker with the TU Overall Score of 6.83 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by IQcent clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
IQcent is suitable for traders who are ready to trade CFDs and binary options through the broker’s proprietary terminal. IQcent's trading conditions are suitable for both beginners and experienced traders, who can access more than 100 trading instruments through the broker's terminal.
Brief Look at IQcent
IQcent is a Marshall Islands-registered broker that offers access to online CFD and binary options trading. The company accrues many bonuses to customers and allows you to use electronic payment systems for depositing and withdrawing funds. IQcent offers a proprietary terminal with built-in technical analysis tools that support standalone and copy trading. The company also has a trading platform for mobile devices (mobile app). IQcent clients get trading access to the following instruments: binary options, CFDs on stock indices, gold, silver, currencies, and cryptocurrencies. In total, more than 100 trading instruments are available to IQcent clients. The company does not charge commissions for making a deposit, withdrawing funds in cryptocurrency, and maintaining a trading account. IQcent provides clients with access to primary training articles and guides and uses modern technologies to ensure the safety of client funds and users' personal data. 256-bit SSL encryption, 3D Secure, and Visa MasterCard Secure Code are used to achieve these goals.
- A simple but functional web trading terminal that does not require installation and is compatible with most devices.
- Regular update of bonus programs.
- The ability to receive additional income for attracting new customers.
- Access to trade in more than 100 financial instruments, including currency pairs, cryptocurrencies, stock indices, gold, and silver.
- Availability of useful tools such as technical and fundamental analysis tools, a section with current news, and an economic calendar.
- The support team, including online chat operators, is available 24/7.
- IQcent does not provide MetaTrader terminals.
TU Expert Advice
Financial expert and analyst at Traders Union
IQcent is a Forex and binary options broker that offers trading from a proprietary platform with tight spreads and leverage up to 1:500. The IQcent website is translated into 3 languages, and support is available in 6 languages, which indicates that the broker seeks to become an international intermediary for entering the financial markets. Read more about IQCent Available Countries.
IQcent clients are prohibited from trading CFDs once the total losses in the account exceed the total deposits. Also, if the balance during CFD trading drops to the level of the accrued bonus, all open trades are automatically closed (margin call). It should be noted that the company is generous with bonuses, and also regularly holds contests among its traders with prizes and cash rewards.
The company allows you to start trading after crediting $100/200 to your account. However, there is also a certain condition, which is: the client must replenish his trading account within 90 calendar days from the date of its opening. Otherwise, the broker may cancel it.
- You prioritize a user-friendly and accessible platform. IQcent offers a web-based platform and a mobile app, making it convenient to start trading from various devices.
- You appreciate access to a variety of trading tools and features. IQcent offers a range of features including educational materials, trading signals, and tournaments. These resources can be particularly helpful for beginners, providing them with valuable insights and opportunities to improve their trading skills.
- You prioritize long-term wealth building. Binary options are better suited for short-term speculation and not long-term investments due to their high-risk nature.
- You are expecting access to traditional investment options like stocks, ETFs, or mutual funds. IQcent primarily focuses on binary options and alternative financial instruments, so if you require access to traditional investment options, you may need to consider alternative brokers or platforms.
IQcent Summary
Your capital is at risk.
| 💻 Trading platform: | WebTrader, Mobile platforms |
|---|---|
| 📊 Account types: | Bronze, Silver, Gold, VIP |
| 💰 Account currency: | USD, EUR, GBP, BTC, ETH |
| 💵 Deposit / Withdrawal: | VISA/MasterCard, Bank wire transfer, Bitcoin, Ethereum, Litecoin, Altcoins. |
| 🚀 Minimum deposit: | 100 to 200 USD depending on region |
| 📈️ Min Order: | 0.01 |
| 🔧 Instruments: | CFDs on currency pairs, indices, commodities (gold, silver), cryptocurrencies, binary options |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| ⭐ Trading features: | Rollover; Sell trade; Double up; Live trades copying; SuperStrike and TradeBack |
| 🎁 Contests and bonuses: | Giveaway, Risk free trades, Extra promotions on Public holidays |
The IQcent proprietary terminal offers trading in more than 100 Forex, CFD, and binary options instruments. Clients can use leveraged funds and trade with leverage up to 1:500. The available methods of depositing and withdrawing funds depend on the country of residence of the trader. The minimum funding amount varies depending on the type of account and region, however, you cannot deposit less than (USD/EUR) 5,000 using direct bank transfer.
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Trading Account Opening
To create a personal account at IQcent, you need to register on the company's website by using a PC, laptop, tablet, or smartphone. Follow these steps:
Go to the official website of the IQcent broker. Click Sign Up or Start Trading Now.
In the opened registration form, indicate your first name, last name, phone number, and email address. Also, generate a strong password.
Select the currency of your trading account and click Next. The system will automatically redirect you to your personal account.
To re-enter your personal account, on the main page of the site, click Log In, and then enter the email (login) and password previously specified during registration.
The main functions of the IQcent personal account:
Also, the personal account displays:
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Transaction history for the period selected by the user.
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Available bonuses, active contests, and promotions.
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Referral program statistics.
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Menu for passing verification, establishing two-factor authentication, changing personal and payment information.
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Button for changing the interface language of the personal account and the trading terminal.
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Support section for quick communication with the online chat operator.
Regulation and safety
IQcent is operated by Wave Makers Ltd, which is registered in the Marshall Islands under number 103581.
At the same time, the company uses modern technologies to ensure the safety of customer funds, as well as the personal and payment data of users. IQcent also tries to settle disputes that arise within ten working days after receiving a written claim from a trader.
Advantages
- Application of 256-bit SSL encryption, 3D Secure, and Visa/MasterCard Secure Code
- Client funds are held separately in European banks
- Funds can be withdrawn to crypto wallets
Disadvantages
- There are no publicly available reports containing the company's financial performance
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Bronze | From $7 | Yes, for bank transfers |
| Silver | From $7 | Yes, for bank transfers |
| Gold | From $7 | Yes, for bank transfers |
| VIP | From $7 | Yes, for bank transfers |
There is a swap commission for transferring a position to the next day.
| Broker | Average commission | Level |
|---|---|---|
|
$7 | |
|
$5 | |
|
$10 |
Account types
IQcent offers traders 4 types of accounts from which to trade both CFDs and options. They all offer 24/7 video chat support, access to a copy trading platform, and up to 1:500 leverage. If you want to learn how to make money on IQcent, read the Traders Union article.
Account types:
The broker provides a demo account, but to access it, you need to open and replenish a trading account. Only then will the support service provide the demo account data upon request.
IQcent offers accounts for the simultaneous trading of CFDs and binary options using personal, bonus, and borrowed funds.
Deposit and withdrawal
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IQcent processes all withdrawal requests within 1 hour. However, if the client has not provided all the requested documents, then the verification may take longer (up to 10 business days). After confirmation of the application by the financial department of the company, the money goes to the electronic system indicated by the trader within 1 hour - 5 business days.
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The available withdrawal methods depend on the client's country of residence. Withdrawal by bank transfer is available only to those traders who have made a deposit using Bank Transfer. Funds are not withdrawn to cards. If the client has made a deposit from a card, then he can withdraw money only by crediting to crypto wallets.
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The minimum amount a trader can withdraw is $20.
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IQcent does not charge a commission for withdrawing funds to crypto wallets. Depending on the country of residence, the trader pays 5% of the amount or $50 for a bank transfer.
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Verification is required for all withdrawals, regardless of the amount. But if the requested amount exceeds EUR/USD 1,800, then to receive it, the client must provide the company with copies of identity documents certified by a notary or at the post office.
Investment Options
Clients who prefer passive strategies have only one option for making a profit without trading independently, which is copying trades from successful traders at the IQcent platform.
Copy Trading is a form of passive income that does not require a trader to analyze the market
Each client of the company can become an investor, that is, receive additional profit without actively trading himself. To connect to the copy trading platform:
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Open one of the trading accounts, go through verification and make a minimum deposit.
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In the trading terminal, click Copy Trading.
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Choose a trader from the 10 best signal providers.
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Indicate the amount from $20 to $1,000 that the subscriber is willing to invest.
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Click Follow.
After that, the trades made by the trader will be automatically copied to the account of the connected investor. Each subscriber can simultaneously track and mirror trades from 1 to 10 signal providers. To stop using the function of copying trades, click the Stop button next to the name of the selected trader.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
IQcent’s affiliate program:
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Refer a Friend is a referral program that allows existing IQcent clients to receive rewards for attracting new traders. The referrer is charged 20% of the amount of the referral's first deposit, provided that the connected client has used all the deposited funds in binary options trading.
A referrer can only attract real people using marketing methods approved by the company. If the referral withdraws more than 50% of the deposit amount, then the person who sent him may lose the affiliate reward.
Customer support
Support operators are available 24 hours a day, 7 days a week.
Advantages
- Online chat works 24/7
- Chat operators respond within 1-2 minutes
- The chat has a built-in translator
Disadvantages
- Only general questions can be answered in the chat
This broker provides the following communication channels for its clients:
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group and private chat on the website and in the personal account;
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telephone (the Contact section contains the numbers of 6 international representatives);
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email;
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a ready-made feedback form;
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Twitter, Instagram.
Online chat operators only answer general questions about trading and opening an account. At the same time, the messages indicate the email address of the department to which you can ask a specific question that requires a detailed explanation.
Contacts
| Foundation date | 2017 |
|---|---|
| Registration address | Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 |
| Official site | https://iqcent.com/ |
| Contacts |
Education
The IQcent website lacks a full-fledged training section. To help beginners, there is a block with answers to frequently asked questions (FAQs) about starting trading and registering with a broker.
An effective training tool can be a demo account. However, to gain access to it, a trader must open a real account and replenish its balance with at least $20.
Comparison of IQcent with other Brokers
| IQcent | Pocket Option | Binarium | Binary.com | OlympTrade | IqOption | |
| Trading platform |
WebTrader, Mobile platforms | MT5, Web, Mobile | Binarium | Deriv Trader, MT5 | Proprietary platform, Web, Mobile | IQ Option |
| Min deposit | $100 | $5 | $5 | $5 | $10 | $10 |
| Trading instruments |
currency pairs / CFD, Commodities, Options, Crypto, Currencies, Stocks | currency | indexes, Currencies, Cryptocurrencies | indexes, Forex, goods, stock, random index | Currency pairs, cryptocurrencies, Composites, stocks, indices, commodities, ETFs, OTCs - Over-the-Co | Options, stock, Forex, Crypto, Commodities, indexes, CFDs on ETFs |
| Signals | Yes | No | No | No | Yes | No |
| Analytical support |
Yes | No | No | Yes | Yes | Yes |
| Training | Yes | No | No | Yes | Yes | Yes |
| Additional tools |
Copy Trading tool | Copy Trading tool | No | premature closing | No | premature closing |
Detailed Review of IQcent
The IQcent broker allows traders to make trades using a universal platform on any device and without downloading any software. The company guarantees that the withdrawal request will be processed within 60 minutes after the request and the deposit will be credited almost instantly. IQcent offers 4 types of accounts with different conditions and floating spreads from 0.7 pips. Opening an account with a broker takes about 1 minute and is a completely digital procedure. The company offers such features as Rollover (extends the transaction time), Double up (doubles the transaction), Sell (allows to sell the transaction before the expiration time), Risk free trades (non-risk transactions when the loss is covered by the new balance). In addition, the company offers Live trades function that differs from Copy trading by allowing one to copy all users who are currently trading.
IQcent by the numbers:
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Over 100 trading assets.
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The minimum trade size is $0.01.
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24/7 customer support in 6 languages.
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Daily processes more than 10,000 transactions.
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To start copying trades of successful traders, you need to deposit at least $20 into your account.
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The maximum payout for options is 84%.
IQcent is a broker for trading CFDs and binary options
Currently, IQcent clients can trade binary options, CFDs on stock indices, gold, silver, currencies, and cryptocurrencies. IQcent enables clients to trade options 24/7 with a high payout percentage. The potential profit for currency pairs can reach 84%, for commodities it can be up to 60%; and for cryptocurrencies, it may be up to 70%. Traders who do not want or know how to trade on their own can copy the trades of successful market participants directly in the web terminal.
IQcent clients trade CFDs and options through the company's WebTrader. It works through popular web browsers and requires no installation. The trading platform can be accessed from a computer, laptop, tablet, or smartphone.
Useful services of the IQcent broker:
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Data from TradingView. Traders have access to up-to-date information about price changes in the form of charts and diagrams, which are devised through technical analysis.
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Research and analytics. Widgets for technical and fundamental analysis are built directly into the trading platform.
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Market news. This section contains current financial and economic events. It is displayed in the terminal and broadcasts news in real-time.
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Economic calendar. It presents important news and macroeconomic indicators from a trader's point of view. Events can be sorted by date, country, asset name, and price movement.
Advantages:
Client funds are kept in accounts at European banks.
Traders with Silver and Gold accounts have access to 3 risk-free trades with coverage of losses at the expense of accrued bonus funds.
Every week, the broker holds contests for clients with large cash prizes.
IQcent does not charge commissions for making a deposit, withdrawing funds in cryptocurrency, maintaining an account, or connecting to a copy trading platform.
A trader can ask a question in the online chat in any language, and then translate it using the built-in translator.
Demo analogs of all types of live trading accounts are available.
Regulation IFMRRC.
The IQcent terminal supports 24/7 binary options trading, provides data from TradingView, and is customizable for user requests.
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