BinaryCent vs. IQ Option Comparison

This contrast guide assists individuals that battle to select between BinaryCent and IQ Option to discover the very best online broker for their trading and investment demands. It evaluates the main features of the two brokers alongside to aid users contrast their solution and make a notified choice.

To assist users select the appropriate broker in between BinaryCent and IQ Option to find the best-suited system, below is a listing of broker’s advantages and disadvantages, followed by a comparison of their major trading features, consisting of trading systems & devices, costs, mobile trading, deposit & withdrawal, properties, law, and consumer assistance.

BinaryCent vs. IQ Option: Summary

Binary-cent-logo

BinaryCent is a binary options broker based in Seychelles. It is not licensed by any financial authority and is not considered safe. It provides access to 26 forex pairs and binary options on stocks, indices, cryptocurrencies, and commodities. New traders can receive deposit bonuses from 20% to 100%, depending on the height of their initial deposit.

BinaryCent pays up to 98% profit margin on correct binary options predictions. The broker’s trading fees and commissions are already built into the spread. Non-trading fees include 5% Visa transaction fees and currency conversion fees. Users can deposit and withdraw cryptocurrencies.

BinaryCent’s customer support is available through email, phone (+18299476391), live chat, Instagram, and X in Arabic and English.

IQ Option logo

IQ Option is a well established online broker great for users looking to trade forex, options and CFDs on a intuitive trading platform. Their well rounded offer consists of low spreads, a sophisticated trading platform, free demo account option, and responsive customer support in English language. They offer islamic accounts and copy trading in Arabic language which allows you to copy portfolios from seasoned investors and traders.

IQ Option is a trustworthy and reliable market maker broker and subject to the highest standards of regulation in the industry. Options trading is no longer available.

“RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”
General Risk Warning: “The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose”

Pros

  • Access to 26 forex pairs and over 100 binary options
  • Orders from $0,01
  • High payouts of up to 98%
  • Cryptocurrency trading, deposit, and withdrawal options
  • Responsive and multilingual customer support

Cons

  • Algorithmic trading is not available
  • No ladder, one-touch, or other advanced options
  • Minimal educational material and research

Pros

  • Multi-chart platform layout with technical analysis
  • Fast trade execution
  • 24/7 customer support in Arabic and English
  • Free demo account with $10.000 virtual money
  • Leverage of up to 1:1000

Cons

  • Trading fees are above industry average
  • Inactivity fee $10/90days

Key features

  • Wide range of binary options on stocks, indices and cryptos
  • Up to 98% payouts
  • 24/7 multilingual support in Arabic and English
  • Guaranteed withdrawals processing within 1 hour
  • Wide range of deposit and withdrawal options
  • Broker-guided trading

Key features

  • Access to a wide variety of markets
  • Great research and education tools
  • User friendly platform
  • $10 minimum deposit and $1 minimum trade requirement
  • Access to 3000+ tradable symbols

BinaryCent vs. IQ Option Comparison

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IQ option

IQ Option

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“RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”

BROKER COMPARISON

Binary-cent-logo
IQ option

Overall rating

2,4/5

2,8/5

Overall rating

2,4/5

2,8/5

Trading Platform & Tools

1.5

3.1

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 500:1 500:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.5

3.3

See details
Withdrawal Fee 5.00% 0 (*currency conversion fee might apply)
Deposit Fee 5.00%
Inactivity Fee 0
Cost Per Trade 0 0
Cost Per Month 0 10 EUR
Forex (EUR/USD) 0 4.7pip
Stocks & ETF 0 0.48pip
CFD (Gold) 0 4.8pip
Crypto 0 127.14pip
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

2.2

3.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.5

3.8

See details
Minimum deposit (in UAE) $250.00 $10
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

1.8

2.0

See details
Shares 0 Over 180
ETF & Funds 0 0
Crypto 0 19
Commodities 0 9
Indices 0 9
Options 0 Over 40
Futures 0 0
Bonds 0 0
Forex Instruments 0 Over 30
CFD Indices & Funds 0 Over 20
CFD Stocks 0 OVer 180
CFD Commodities 0 9
CFD Crypto 0 19
CFD Bonds 0 0
Binary Options 100 0
SWAPS 0 0
Saving Plans 0 0

Regulation

1.0

1.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

1.0

1.4

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

3.5

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

BinaryCent vs. IQ Option Comparison Conclusion

The results of our comparison of BinaryCent vs. IQ Option are wrapped up in the table below.

Broker:Best For:
BinaryCentBinary Options Trading
IQ OptionTraders at all levels, from beginner to advanced

Choosing the right option in between BinaryCent and IQ Option can be hard. Both on the internet brokers have similarities however differ regarding trading instruments, systems & applications, policy, down payment & withdrawals, and research and education. Picking the very best broker relies on customers’ trading & financial investment goals, specific choices, and experience degree.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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