eToro vs. IQCent Comparison

This contrast overview helps users that battle to choose between eToro and IQCent to discover the best online broker for their trading and investment needs. It analyzes the main features of both brokers side-by-side to help customers compare their service and make an educated decision.

To aid individuals pick the right broker in between eToro and IQCent to find the best-suited system, below is a listing of broker’s pros and cons, adhered to by a comparison of their primary trading functions, consisting of trading platforms & devices, costs, mobile trading, deposit & withdrawal, possessions, regulation, and consumer support.

eToro vs. IQCent: Summary

eToro logo

eToro is a multi-asset brokerage company with the world’s biggest social trading community (over 30 million users). Their platform and mobile app features are easy to use for beginners and include an intuitive copy trading tool, simple buy & sell orders and free demo account. Users can trade with CFDs on major stocks, ETFs, forex, and cryptocurrencies.

eToro charges 0% commission on stocks, ETFs and cryptocurrencies. They charge an average spread of 0.9 pips on most forex pairs. eToro’s non trading fees are above average and include overnight, inactivity ($10/month) and currency conversion fees ($5/conversion).

Their customer support is available through email and live chat in Arabic and English.

iq-cent-logo

IQCent is a binary options broker founded in 2017. IQCent is not regulated and, therefore, not considered safe. The broker allows users to trade binary options on over 100 assets, including forex, cryptos, commodities, and indices. Users can trade with up to 1:500 leverage.

IQCent has a profit margin of up to 98% on correct predictions. There are no trading and non-trading fees such as deposit and withdrawal, currency conversion, or inactivity fees. Copy trading fees range from several percentages to 20%, depending on the trader(s) followed.

IQCent’s customer support is available through email and live chat in English.

IQ Cent is a common choice among options traders at all levels.

Pros

  • Low minimum deposit ($50)
  • 0% commission stocks and ETF trading
  • Easy to use mobile trading app and platforms
  • Industry leading social/copy trading app
  • Responsive customer support

Cons

  • Algorithmic trading not available
  • Forex and CFD fees above industry average
  • Education and research tools missing

Pros

  • Low minimum deposit ($20)
  • No hidden fees, commissions, or charges
  • Simple trading platform with copy trading features
  • Wide range of binary options (over 100 assets)
  • Up to 98% payouts

Cons

  • No binary options trading app is available
  • High minimum deposit ($250)
  • Limited educational resources and research materials

Key features

  • Average trading fees
  • Industry leading social/copy trading tool
  • Easy buy/sell order types
  • Crypto exchange & brokerage services
  • Fast registration and KYC on-boarding process
  • Multiple payment options

Key features

  • Access to 100+ financial instruments
  • High payouts of up to 98%
  • Wide range of technical and fundamental analysis tools
  • Trading contests and free demo account
  • Auto trading allowed
  • Regular bonuses and giveaways

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eToro logo

eToro

Open account Read review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

BROKER COMPARISON

eToro logo
iq-cent-logo

Overall rating

4,9/5

2,3/5

Overall rating

4,9/5

2,3/5

Trading Platform & Tools

4.9

1.6

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account Yes, if you have real account
Desktop Platform
Max Leverage 1:30 500:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.8

4.5

See details
Withdrawal Fee $5 0
Deposit Fee 0 0
Inactivity Fee $10 a month after one year 0
Cost Per Trade N/A 0
Cost Per Month N/A 0
Forex (EUR/USD) 1.1 pip 0
Stocks & ETF 0 0
CFD (Gold) 5 pip 0
Crypto 0 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

4.9

2.2

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.9

2.8

See details
Minimum deposit (in UAE) $100 $50.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.8

1.8

See details
Shares 2.800 0
ETF & Funds 0 0
Crypto 30 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex Instruments 49 0
CFD Indices & Funds 250 0
CFD Stocks 2800 0
CFD Commodities 54 0
CFD Crypto 32 0
CFD Bonds 0 0
Binary Options 0 100
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

1.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

5.0

0.7

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

Customer Support

5.0

4.0

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

Winner

eToro vs. IQCent Comparison Conclusion

The results of our comparison of eToro vs. IQCent are wrapped up in the table below.

Broker:Best For:
eToroStocks and ETFs & Social Copy Trading
IQCentBinary Options & Social/Copy Trading

Selecting the best selection in between eToro and IQCent can be tough. Both online brokers have resemblances yet vary concerning trading instruments, platforms & apps, policy, deposit & withdrawals, and research and education and learning. Picking the very best broker depends upon users’ trading & financial investment goals, individual 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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