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IQCent Review

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IQCent is an unregulated forex, CFD, and binary options broker founded in 2017. Wave maker LTD based on the Marshall Islands manages IQCent. One of the unique features of IQCent is that traders can open positions from $0,01. 

iqcent-rating
  • Up to 95% Payout (Amount is credited to account in case of successful investment)
  • Up to 200% bonus (IQCent promo code LIMBO20 )
  • $20 min. Deposit

IQCent Trading Platform

IQCent’s trading platform is easy-to-use and aimed at beginners. It features real-time price charts, a trading interface, and technical analysis tools. Users can see the available assets and open a trade via the trading interface. IQCent has a copy trading feature, which users can use to copy professional traders. 

IQCent Assets

Traders can trade over 100 assets on IQCent including stocks, crypto, commodities, indices, and forex pairs. Some assets are tradable as CFDs whilst others as binary options. You can trade 24/7 on IQCent. IQCent doesn’t charge any fees on forex and options trading but they do charge withdrawal fees.

IQCent Account Types

IQCent offers 3 types of trading accounts: bronze, silver, and gold. In the table below you can find minimum deposit and bonus information. 

Account TypeMinimum DepositWelcome Bonus
Bronze$1020%
Silver$25050%
Gold$1,000100%

IQCent Deposits and Withdrawals

Users can fund their trading accounts with a credit card, by e-wallet, bank transfer, or with cryptocurrencies like Bitcoin, Ethereum, and other altcoins. The minimum deposit is $20 across all payment methods and IQCent doesn’t charge deposit fees. IQCent charges withdrawal fees of 5% or 20% if you haven’t traded 300% of your balance. 

IQCent Trading Contests

IQCent hosts weekly trading tournaments where the top traders can win cash and other prizes like the latest iPhone, AirPods, or Apple Watch. 

UAE Investors

IQCent accepts traders and investors from the United Arab Emirates. Note that you have to go through a KYC process to be able to withdraw funds from this binary options broker.

IQCent Review – Our Verdict

Because of the high withdrawal fees, the lack of a free demo account, and the fact that IQCent is unregulated, we don’t recommend trading binary options with IQCent. You can read one of our other binary option broker reviews to find a suitable binary options broker for your trading needs.


 

Methodology
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Disclaimer
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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