In the world of binary options trading, finding a reliable broker is crucial. With numerous options available, it’s important to carefully evaluate each platform before making a decision. IQcent is one such broker that has gained attention due to its features and offerings. In this review, we will assess IQcent to determine whether it is a scam or a legitimate broker.
What is IQcent?
|Headquarters||Majuro, Marshall Islands|
IQcent is a binary options broker that offers trading services to individuals interested in speculating on various financial markets. Established in 2017, IQcent operates online and provides traders with the opportunity to invest in assets for as little as $0.01. The platform offers over 100 tradable assets, including commodities, forex, energy, precious metals, and indices.
What We Liked About IQcent
During our assessment of IQcent, we identified several aspects of the platform that stood out and impressed us. Here are the key features that we particularly liked about IQcent:
1. User-Friendly Interface: IQcent offers a user-friendly interface that is intuitive and easy to navigate. Whether you are a novice trader or an experienced professional, the platform’s simplicity makes it accessible to all levels of traders.
2. Diverse Range of Tradable Assets: IQcent provides a diverse selection of tradable assets, including cryptocurrencies, commodities, indices, and forex pairs. This wide range of options enables traders to explore various markets and diversify their investment portfolios.
3. Competitive Returns: IQcent offers competitive returns on successful trades, with the potential to earn high profits. Traders can take advantage of the platform’s attractive payout rates, allowing them to maximize their earning potential.
4. Demo Account Availability: IQcent provides a valuable feature in the form of a demo account. This allows traders to practice their trading strategies and test the platform’s functionalities without risking real money. The demo account serves as an excellent learning tool for beginners and a platform for refining strategies for experienced traders.
5. Copy-Trading Capability: IQcent’s copy-trading feature impressed us. It allows traders to automatically replicate the trades of successful and experienced traders. This innovative feature enables less-experienced traders to benefit from the expertise of others and potentially improve their trading outcomes.
6. Responsive Customer Support: IQcent offers round-the-clock customer support through multiple channels, including phone, email, and live chat. We found their customer support team to be responsive, knowledgeable, and readily available to assist with any inquiries or concerns.
Considering these factors, we found IQcent to be a user-friendly and feature-rich platform that caters to the needs of traders at various skill levels. The platform’s diverse asset selection, competitive returns, and supportive customer service contribute to a positive trading experience. Whether you are a beginner or an experienced trader, IQcent offers the tools and resources to enhance your trading journey.
Regulation and Safety of IQcent
Regulation plays a vital role in the selection of a binary options broker. While IQcent is not regulated, it has proven to be reputable and trustworthy. The platform ensures the security of client funds with SSL encryption and data protection measures. Although IQcent lacks regulation, it has maintained a reliable track record in terms of deposits, withdrawals, and overall customer satisfaction.
While IQcent is not regulated by any financial authority, it has established a solid reputation in the industry. The platform has been operating since 2017 and has gained a loyal customer base. IQcent prioritizes the security of client funds and employs strict data protection measures. Although regulatory oversight adds an extra layer of trust, IQcent has demonstrated reliability and transparency in its operations.
Trading Offers and Conditions of IQcent
IQcent provides a range of trading offers and conditions that are designed to meet the needs of different traders. In this review, we will examine the key aspects of IQcent’s trading offers and conditions to help you make an informed decision.
Minimum Trade Amount: IQcent allows traders to execute trades with a minimum amount of $0.01. This low entry barrier enables traders with limited capital to participate in the market and start trading without significant financial constraints.
Trade Types: IQcent offers binary options and digital options as the main trade types. These options provide traders with the opportunity to profit from correctly predicting whether the price of a financial instrument will rise or fall within a specified timeframe. This flexibility allows traders to choose the trade type that aligns with their trading strategies and preferences.
Expiration Time: Traders can select an expiration time for their trades ranging from 60 seconds up to 4 hours. This variety of expiration times provides traders with the flexibility to match their trading approach to different market conditions and timeframes.
Available Markets and Assets: IQcent offers a wide range of markets and assets for trading. Traders can access more than 100 assets, including commodities, forex, energy, precious metals, and indices. This diverse selection enables traders to explore different markets and find opportunities that align with their trading goals.
Fees and Costs: IQcent applies spreads and margins, which vary depending on the chosen assets and market conditions. However, the platform does not charge any deposit or withdrawal fees, except for potential bank fees that may apply. This transparent fee structure ensures that traders can accurately calculate their costs and manage their trading expenses.
Account Types on IQcent
IQcent offers three different account types to accommodate the varying needs and preferences of traders. Each account type comes with its own features and benefits. In this section, we will provide an overview of the account types offered by IQcent.
1. Gold Account: The Gold account is the highest-tier account offered by IQcent. It is designed for experienced traders and those looking for advanced features. Key features of the Gold account include:
- Master class: Access to exclusive educational resources and materials to enhance trading knowledge and skills.
- Copy-trading tool: The ability to copy the trades of successful traders, allowing for potential profit generation.
- Personal success manager: Dedicated assistance from a personal account manager to provide guidance and support.
- Withdrawals in sixty minutes: Fast withdrawal processing to access your funds quickly.
- Demo account: Access to a demo account for practice and strategy testing.
- Video chat support: Live video chat support for immediate assistance.
2. Silver Account: The Silver account is designed for traders who have intermediate experience in the markets. It offers a balance of features and benefits. Key features of the Silver account include:
- Bonus more than 50%: A bonus of more than 50% on deposits, providing additional trading capital.
- Demo account: Access to a demo account to practice and refine trading strategies.
- The first three trades risk-free: The opportunity to execute the first three trades without incurring any risk.
- Master class: Access to educational resources and materials to enhance trading knowledge.
- Copy-trading tool: The ability to copy the trades of successful traders.
- Withdrawals in sixty minutes: Fast withdrawal processing for convenient access to funds.
- 24-hour live support: Round-the-clock customer support for prompt assistance.
3. Bronze Account: The Bronze account is the entry-level account offered by IQcent, suitable for new traders and those starting their trading journey. Key features of the Bronze account include:
- Copy-trading tool: The ability to copy the trades of successful traders.
- Bonus up to 20%: A bonus of up to 20% on deposits, providing additional trading capital.
- Demo account: Access to a demo account to practice trading strategies without risking real money.
- Withdrawals in sixty minutes: Fast withdrawal processing to ensure convenient access to funds.
These account types cater to traders with different levels of experience and trading goals. Traders can choose the account type that best suits their needs and upgrade to a higher-tier account as their trading skills and experience grow. It is important to carefully consider the features and benefits of each account type before making a decision.
IQcent allows trading from various parts of the world, except for the United States. Traders should verify the availability of IQcent’s services in their respective countries before signing up.
Withdrawals and Deposits on IQcent
Managing deposits and withdrawals efficiently is crucial for a smooth trading experience. IQcent offers a straightforward and convenient process for both deposits and withdrawals. Here’s an overview of the deposit and withdrawal methods on IQcent:
- Payment Methods: IQcent provides various payment options, including Bitcoin, Bank Wire Transfer, MasterCard, Visa, Ethereum, Perfect Money, Altcoins, Litecoin, Neteller, and Skrill. This wide range of payment methods allows traders from different regions to fund their accounts easily.
- Minimum Deposit: The minimum deposit required to start trading on IQcent is $10. This low entry barrier makes it accessible to traders with varying capital sizes, including beginners who may want to start with a small investment.
- Deposit Processing Time: Deposits are typically processed instantly, except for deposits made through Perfect Money, which may take up to sixty minutes to reflect in your trading account.
- Withdrawal Methods: IQcent supports several withdrawal methods, similar to their deposit options. Traders can choose to withdraw funds using Bitcoin, Bank Wire Transfer, MasterCard, Visa, Ethereum, Perfect Money, Altcoins, Litecoin, Neteller, and Skrill.
- No Withdrawal Fees: IQcent does not charge any withdrawal fees for processing transactions. This is a significant advantage, as it allows traders to retain their earnings without deductions.
- Withdrawal Processing Time: Withdrawals are processed within a reasonable timeframe, typically taking up to sixty minutes after confirmation. This quick processing ensures that traders can access their funds promptly.
- Additional Bank Fees: While IQcent does not impose withdrawal fees, it’s essential to note that bank fees may apply for certain payment methods. Traders should check with their respective banks for any potential charges.
IQcent’s efficient deposit and withdrawal system, along with the diverse payment options, contribute to a positive trading experience. The low minimum deposit requirement makes it appealing to traders with varying budgets, and the absence of withdrawal fees adds to the overall attractiveness of the platform. Traders can focus on their trading strategies and financial goals without worrying about excessive transaction costs.
However, it’s recommended to verify the withdrawal process with your chosen payment method and ensure compliance with any applicable regulations and requirements. As with any financial transaction, responsible trading practices should be followed to maximize potential gains and manage risks effectively.
Trading Platform and Other Features
IQcent provides traders with a user-friendly and versatile trading platform that offers a range of features and tools to enhance the trading experience. In this section, we will explore the trading platform of IQcent and highlight some of its key features.
The IQcent trading platform is designed to be intuitive and accessible, making it suitable for both beginner and experienced traders. Here are some notable features of the platform:
- User-Friendly Interface: The platform has a clean and user-friendly interface that allows traders to navigate and execute trades with ease. It provides a seamless trading experience, even for those new to online trading.
- Charting Tools: The platform offers various charting tools, including different chart types and technical indicators. These tools help traders analyze price movements and make informed trading decisions.
- Copy-Trading: IQcent’s platform includes a copy-trading feature that allows traders to automatically replicate the trades of successful and experienced traders. This feature is beneficial for beginners who can learn from experts and potentially profit from their trading strategies.
- Asset Variety: The platform offers a wide range of tradable assets, including currencies, commodities, indices, and cryptocurrencies. This diversity allows traders to access multiple markets and explore different trading opportunities.
- Mobile Compatibility: The IQcent platform is mobile-friendly and can be accessed through mobile devices, including smartphones and tablets. This enables traders to monitor their trades and make trading decisions on the go.
IQ Cent Free Bonus Program
IQcent offers an enticing free bonus program to reward its traders and enhance their trading experience. This program provides traders with additional incentives and opportunities to grow their trading capital. Here’s an overview of IQcent’s free bonus program:
Referral Program: One of the key components of IQcent’s free bonus program is the referral program. Traders can earn bonuses by referring their friends, family, and colleagues to join the platform. When a referred individual signs up and makes a deposit, the referring trader receives a bonus as a reward for the successful referral.
Promotion Codes: IQcent also provides promotion codes that allow traders to claim various bonuses and benefits. These codes can be used during the deposit process to unlock specific bonuses, such as no-deposit bonuses or increased deposit bonuses. Traders can take advantage of these promotion codes to boost their trading capital and explore more trading opportunities.
No-Deposit Bonuses: As part of the free bonus program, IQcent occasionally offers no-deposit bonuses to new and existing traders. A no-deposit bonus allows traders to start trading without having to make an initial deposit. This is a risk-free way for new traders to experience the platform and test their trading strategies without using their own funds.
Trading Contests and Giveaways: IQcent hosts trading contests and giveaways, adding an exciting element to the trading experience. Traders can participate in these contests to compete with others and win attractive prizes. The contests often feature cash awards and other bonuses, motivating traders to excel in their trading activities.
Terms and Conditions: It’s essential to be aware of the terms and conditions associated with the free bonus program. While the bonuses can be advantageous for traders, there are specific requirements and rules that must be followed to qualify for and withdraw the bonuses. These conditions may include reaching a certain trading volume, fulfilling specific trading criteria, or adhering to specific timeframes.
Responsible Trading: While the free bonus program provides additional benefits, traders should exercise responsible trading practices. Managing risk, setting realistic goals, and maintaining discipline in trading are crucial aspects of successful trading. The bonuses can be a valuable addition to a trader’s capital, but they should not overshadow prudent trading decisions.
IQcent’s free bonus program enhances the trading experience for its users, offering various bonuses, promotions, and contests. Traders can benefit from the extra capital provided by these bonuses, which can be used to explore different trading strategies and financial markets. However, it’s essential to understand and comply with the terms and conditions associated with the bonuses to make the most of this program. As with any trading activity, responsible and informed decision-making is key to achieving trading success on the IQcent platform.
IQCent offers competitive leverage options to its traders, enabling them to amplify their trading positions and potential profits. Leverage is a critical aspect of trading on the platform, and understanding its implications is essential for successful trading. IQCent provides leverage for various financial instruments, including forex, commodities, cryptocurrencies, and indices.
How Leverage Works on IQCent: Leverage on IQCent is expressed as a ratio, such as 1:100, 1:200, or 1:500, depending on the account type and the specific instrument being traded. The leverage ratio determines the amount of exposure a trader can have in the market relative to their invested capital.
For instance, if a trader has a leverage ratio of 1:100 and a trading account with $100, they can control positions worth up to $10,000 in the market. This allows traders to participate in larger market movements and potentially generate higher profits.
Leverage for Different Account Types: IQCent offers different account types, each with its own leverage options. Traders can choose the account type that best suits their trading style and risk tolerance.
- บัญชีทองคำ: This account type typically offers higher leverage, allowing traders to control larger positions with a smaller investment.
- บัญชีซิลเวอร์: The leverage for this account type may be slightly lower than the Gold Account but still provides substantial trading power.
- Bronze Account: Traders with a Bronze Account can also benefit from leverage, though it may be more conservative compared to higher-tier accounts.
Leverage and Risk Management: While leverage can enhance potential profits, it is crucial for traders to exercise prudent risk management practices to protect their capital. Higher leverage also means higher exposure to market volatility and potential losses. Therefore, traders should implement risk management strategies, including setting stop-loss orders and position sizing, to safeguard against significant drawdowns.
Using Leverage Responsibly: For new traders or those unfamiliar with leverage, it is essential to start with lower leverage ratios and gradually increase exposure as they gain experience and confidence in their trading abilities. This approach allows traders to acclimate to the potential risks associated with leverage and develop disciplined trading habits.
IQCent provides educational resources and demo accounts where traders can practice using leverage in a risk-free environment. This allows traders to familiarize themselves with the platform’s features and understand how leverage impacts their trading outcomes.
Fees and Costs on IQcent
When trading on the IQCent platform, it is essential for traders to understand the various fees and costs associated with their trading activities. IQCent strives to provide transparent and competitive pricing to its clients, ensuring that traders can make informed decisions about their investments. Below are the key fees and costs to consider when trading on IQCent:
1. Spreads: The spread is the difference between the buying (ask) price and the selling (bid) price of a financial instrument. It represents the broker’s profit and can vary depending on market conditions and the specific asset being traded. IQCent offers competitive spreads to provide traders with fair pricing.
2. Margins: Margins refer to the initial deposit required to open a trading position. The margin amount depends on the leverage offered and the size of the position. Higher leverage allows traders to control larger positions with a smaller margin requirement. However, it is essential to manage leverage responsibly to avoid excessive risk exposure.
3. Commissions: IQCent generally does not charge commissions on trades. Instead, the broker’s revenue is generated from the spreads and overnight financing fees. This fee structure simplifies trading for clients, as they do not have to factor in separate commission charges.
4. Overnight Financing (Swap) Fees: IQCent may charge overnight financing fees for positions held open overnight (rollover). These fees are based on the interest rate differentials between the two currencies in a forex trade. Traders should be aware of these fees and consider them in their trading strategies, especially for longer-term positions.
5. Withdrawal and Deposit Fees: IQCent typically does not charge fees for deposits and withdrawals made by traders. However, it is essential to check with the payment provider (e.g., banks, e-wallets) used for transactions, as they may impose their fees.
6. Inactivity Fees: Traders who have not engaged in trading activities for an extended period may be subject to inactivity fees. These fees are designed to encourage active trading and prevent dormant accounts. Traders should review IQCent’s inactivity fee policy to avoid any unexpected charges.
7. Other Costs: While IQCent endeavors to keep its fee structure transparent and straightforward, traders should always review the broker’s terms and conditions to be aware of any additional costs that may apply to specific trading activities or account types.
It is essential for traders to consider these fees and costs when formulating their trading strategies and risk management plans. By understanding the associated expenses, traders can make more informed decisions and optimize their trading experience on IQCent. Additionally, IQCent provides educational resources and customer support to assist traders in navigating the fee structure and maximizing their trading potential.
Assets of IQcent
IQcent offers a diverse range of assets for traders to choose from. These assets represent various financial markets, providing traders with ample opportunities to diversify their portfolios and explore different trading strategies. Here are the main asset categories available on IQcent:
- Currencies: IQcent provides a wide selection of currency pairs for forex trading. Traders can engage in currency trading with major pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic currency pairs.
- Commodities: Traders interested in commodity trading can access popular commodities like gold, silver, crude oil, natural gas, and agricultural products. These commodities often attract traders due to their inherent volatility and potential for profit.
- Indices: IQcent offers a range of global stock market indices, allowing traders to speculate on the performance of leading stock indices. Traders can access indices like the S&P 500, NASDAQ, FTSE 100, DAX 30, and more.
- Cryptocurrencies: IQcent enables traders to participate in the cryptocurrency market by offering a selection of popular cryptocurrencies. Traders can trade cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and many others.
By providing access to these asset classes, IQcent ensures that traders have ample options to diversify their trading activities and take advantage of different market conditions. Whether traders prefer the dynamic forex market, the volatility of commodities, the stability of indices, or the emerging opportunities in cryptocurrencies, IQcent offers a wide range of assets to suit their trading preferences.
It’s important to note that each asset class has its unique characteristics and requires specific knowledge and analysis. Traders should conduct thorough research and utilize the available tools and resources provided by IQcent to make informed trading decisions.
IQcent emphasizes providing excellent customer support to its traders. The platform offers 24/7 assistance through various channels, including telephone, email, chat, and video calls. The support team is responsive and aims to resolve queries and concerns promptly.
IQcent provides traders with access to various research tools and resources to enhance their trading strategies. The platform offers market analysis, economic calendars, and real-time price charts. Traders can stay updated on market news and trends to make informed trading decisions.
Training and Education
IQCent understands the significance of knowledge and education in successful trading. As a result, the platform offers a comprehensive array of training and educational resources to empower its users and enhance their trading skills.
The IQCent website features an Education Center, a valuable hub of learning materials designed to cater to both beginners and experienced traders. Within this section, users can find a wide range of educational content, including trading guides, video tutorials, webinars, and articles on various aspects of binary options trading and financial markets.
For novice traders, IQCent offers the option to open a demo account, providing them with a risk-free environment to practice trading with virtual funds. This practical approach enables new traders to familiarize themselves with the platform’s functionalities, understand trading strategies, and build confidence before engaging with real money.
Furthermore, IQCent’s Education Center provides insights into technical analysis, fundamental analysis, risk management, and other essential trading concepts. Understanding these principles can significantly improve traders’ decision-making processes and contribute to more informed trading strategies.
Additionally, IQCent frequently hosts live webinars conducted by industry experts, offering valuable insights and trading tips. These webinars present an excellent opportunity for traders to interact with professionals, ask questions, and deepen their understanding of the financial markets.
IQCent Copy Trading
IQCent Copy Trading is a revolutionary feature that sets IQCent apart from other binary options brokers. With this innovative tool, users can follow and replicate the trading strategies of successful and experienced traders in real time. This means that even those who lack expertise or time to analyze the market can still participate in trading and potentially achieve profitable results.
The Copy Trading platform on IQCent provides a user-friendly interface, allowing traders to browse through a list of top-performing traders, review their trading statistics, and select the ones they wish to follow. Once a trader is chosen, their trades are automatically copied into the user’s account. This hands-off approach allows investors to benefit from the knowledge and expertise of seasoned traders without having to actively manage their own positions.
Furthermore, IQCent Copy Trading offers a range of customization options. Users can adjust the amount they allocate to each copied trade, set stop-loss and take-profit levels, and diversify their investments by copying multiple traders simultaneously. This flexibility empowers investors to tailor their copy trading strategy according to their risk tolerance and financial goals.
Comparison of IQcent with Other Binary Brokers
When considering a binary options broker, it’s essential to assess their features, services, and overall trading experience. Here, we compare IQcent with other binary brokers to help you make an informed decision:
- Regulation: Not regulated
- Digital Options: Yes
- Return: Up to 95%+
- Assets: 100+
- Support: 24/7
- Advantages: Minimum trades from $0.01, offers copy trading, user-friendly interface
- Disadvantages: Not regulated, limited asset options
- Regulation: IFMRRC
- Digital Options: Yes
- Return: Up to 93%+
- Assets: 100+
- Support: 24/7
- Advantages: Offers 30-second trades, various bonuses and promotions, extensive educational resources
- Disadvantages: No phone support, not available in every country
- Regulation: Not specified
- Digital Options: Yes
- Return: Up to 100%+
- Assets: 300+
- Support: 24/7
- Advantages: Offers CFD and forex trading, advanced trading platform, comprehensive educational materials
- Disadvantages: Not available in every country, limited binary options trading
When comparing IQcent with other binary brokers, we find that IQcent offers several advantages such as low minimum trades starting from $0.01, a user-friendly interface, and the option for copy trading. However, it’s important to note that IQcent is not regulated, which may be a concern for some traders.
Pocket Option, on the other hand, provides 30-second trades, attractive bonuses, and a wide range of educational resources. They are regulated by IFMRRC, ensuring a certain level of trust and security.
IQ Option stands out with its extensive range of assets, including binary options, CFDs, and forex. They offer an advanced trading platform and comprehensive educational materials to support traders in their trading journey.
Each broker has its own strengths and weaknesses, and the choice ultimately depends on your specific trading preferences and requirements. Consider factors like regulation, available assets, trading features, and customer support when making your decision.
It’s crucial to conduct thorough research, carefully evaluate the features of each broker, and choose the one that aligns best with your trading goals and preferences. Remember to assess the risks involved and trade responsibly.
In conclusion, our review finds no evidence to suggest that IQcent is a scam. While it lacks regulation, IQcent has established itself as a reliable broker with a user-friendly platform, diverse assets, competitive returns, and efficient customer support. Traders should carefully consider their own risk tolerance and conduct thorough research before engaging in any trading activities.
Is IQcent a regulated broker?
No, IQcent is not regulated. However, it has maintained a reputable track record in terms of reliability, fund security, and customer satisfaction.
Can I trade with IQcent from the United States?
No, IQcent does not accept traders from the United States. Traders should verify the availability of IQcent’s services in their respective countries before signing up.
What is the minimum deposit requirement on IQcent?
The minimum deposit requirement on IQcent is $10.
Does IQcent charge any fees for deposits or withdrawals?
IQcent does not charge any fees for deposits or withdrawals. However, bank fees may apply for certain transactions.
Does IQcent offer a demo account?
Yes, IQcent provides a demo account for traders to practice their strategies and familiarize themselves with the platform.