IQCent vs. Plus500 Comparison

This contrast overview aids individuals who battle to select in between IQCent and Plus500 to discover the most effective online broker for their trading and financial investment needs. It evaluates the highlights of both brokers side by side to assist customers compare their service and make an educated decision.

To assist customers choose the best broker in between IQCent and Plus500 to locate the best-suited system, below is a checklist of broker’s advantages and disadvantages, complied with by a contrast of their primary trading attributes, including trading platforms & devices, costs, mobile trading, deposit & withdrawal, possessions, regulation, and consumer support.

IQCent vs. Plus500: Summary

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.

Plus 500 logo

Plus500 is a reputable CFD online broker licensed by the DFSA. They offer access to a wide range of assets including 2,800 CFDs on stocks & ETFs, cryptos, futures, forex, commodities, and indices. The Plus500 trading platform offers basic trading tools including Technical analysis charts, real-time quotes, quick buy and sell options from the same window and 3 order different types (market, limit stop order).

Plus500 trading fees are average compared to similar forex and CFD brokers. They charge an average spread of 0.8 pips (EUR/USD) without any commission. Plus500 charges non trading fees in the form of overnight fees, currency conversion fees, guaranteed stop order fees, and inactivity fees.

Plus500’s customer service is available 24/7 (even during the weekends and holidays) by phone, email, WhatsApp, and live chat.

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

Pros

  • Low minimum deposit ($100)
  • Competitive spread of 0.8 pips EUR/USD
  • Multiple order types and technical indicators
  • Excellent customer service
  • Negative balance protection
  • Intuitive mobile trading app

Cons

  • Relatively high fees compared to other brokers
  • Limited markets
  • Limited charting tools and features

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

Key features

  • Access to 3,000 CFDs
  • Beginner-friendly trading platform and mobile app
  • Low, floating spreads from 0.8 pips EUR/USD
  • Advanced (conditional) order types available such as GSOs and TSOs
  • Free unlimited demo paper trading account
  • Fast account opening

IQCent vs. Plus500 Comparison

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Plus 500 logo

Plus500

Open account Read review

CFD Service. Regulated by the DFSA. Trading carries risk.

BROKER COMPARISON

iq-cent-logo
Plus 500 logo

Overall rating

2,3/5

3,7/5

Overall rating

2,3/5

3,7/5

Trading Platform & Tools

1.6

3.3

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account Yes, if you have real account
Desktop Platform
Max Leverage 500:1 1:30
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

3.5

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee 0 $10
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0 0.8 pips
Stocks & ETF 0 0
CFD (Gold) 0 7.2 pips
Crypto 0 0
Options 0 0
Conversion Fees 0
Misc. Fees 0
Overnight Fees

Mobile Trading

2.2

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

2.8

3.1

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

Assets

1.8

2.9

See details
Shares 0 0
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
CFDs on Forex 0 60
CFD Indices & Funds 0 430
CFD Stocks 0 1000
CFD Commodities 0 22
CFD Crypto 0 0
CFD Bonds 0 0
Binary Options 100 0
SWAPS 0 0
Saving Plans 0 0

Regulation

1.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

0.7

2.1

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

Customer Support

4.0

4.5

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

Winner

IQCent vs. Plus500 Comparison Conclusion

The results of our comparison of IQCent vs. Plus500 are involved the table listed below.

Broker:Best For:
IQCentBinary Options & Social/Copy Trading
Plus500CFD trading and investing

Choosing the best choice between IQCent and Plus500 can be hard. Both online brokers have similarities however differ relating to trading tools, systems & apps, policy, down payment & withdrawals, and research study and education and learning. Picking the most effective broker relies on customers’ trading & investment objectives, individual preferences, and experience level.

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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