IQcent Review – Start Trading In Cents (Pros, Cons, Scam Or Not)

Last Updated: March 21st, 2022
Overall Rating
3.2/5
Features
3/5
Platform
3/5
Desktop Experience
3/5
Education
3/5
Mobile Experience
3/5
Withdrawal
3/5
Customer Support
3/5
Trust
3/5
Home» Binary Options Brokers » IQcent Review – Start Trading In Cents (Pros, Cons, Scam Or Not)

IQcent Review - Start Trading In Cents (Pros, Cons, Scam Or Not)

IQcent is not the first broker that offers a seamless trading journey. You will find many even in our top brokers’ list. But it is undoubtedly the first broker who got a massive amount of attention in a short time, both positively and negatively.

As more people are trading online, the key is to determine the platform to avoid getting scammed.

Throughout this in-depth review, we will examine the features and services offered by the IQcent broker. Furthermore, we will tell you whether it is really worth it to open an account on IQcent.

IQcent Review- What Is IQcent

IQcent is an online broker that offers forex, CFDs, binary options, and cryptocurrency trading.  In 2017, a group of experts founded this innovative trading platform to use this innovative trading platform to provide a seamless trading experience.

It is an established multi-asset broker’s company in the Marshall Islands.

Despite starting to serve traders in 2020, it has continuously added new and powerful features to its system. IQcent is one of the brokers that accept trading in cents. It is an excellent opportunity for those who want to start with a minimum amount.

With a small deposit amount of $20, anyone can start trading to enjoy the 100% bonus facility. 

IQcent will make you an unstoppable trader with its weekend trading structures. With IQcent, you have access to more than 100 trading assets to make you profitable every day.

There’s no need to worry, as the broker is equipped with up-to-date SSL security protocols. In other words, your data is encrypted and cannot be retrieved by hackers.

Why Trade With IQcent?

The platform is the best fit for beginners, though professional hands could get the best outcome. A wide variety of trading assets like Forex, Cryptocurrency, Commodities give you the essence of the best trading experience.

Including the number of trading assets, some other noticeable features mostly drag traders to choose this trading platform.

Let us share the reasons why traders choose IQcent.

  • 100+ trading assets
  • Minimum deposit $20
  • Minimum trade size $0.01
  • Leverage up to 1:100
  • Maximum payout 95%
  • Versatile Platform
  • 3 types of account
  • Copy-trading tool
  • 10+ Payment Methods
  • Instant Withdrawals
  • 24/7 Non-stop trading
  • Trading bonus & contest

IQcent Regulation

We always encourage our traders to go with a regulated broker. But it doesn’t mean unregulated brokers are always a wrong pick for traders. And, IQcent is one of them.

IQcent is an offshore trading platform with its headquarters in the Marshall Islands. Unfortunately, the broker IQcent won’t have any regulation. 

At the same time, this versatile platform does not provide any services in the USA territory. Furthermore, there is no indication that IQcent has received any awards.

IQcent Sign Up And Login

IQcent Signup And Login-Binoption

Opening an account or the signup process will take less than one minute. Following some simple steps will lead you to open an account with IQcent. 

  • Fill the registration form with your name, contact number, valid e-mail address, and password. 
  • Select the account currency and tick the boxes before clicking the next button. Don’t forget to enter the PROMO code if you have any. 

Now, you can start your trade by depositing the minimum amount. To log into the account, just insert your email and password and click enter.

IQcent Accounts - Types Of Account

The best part is that IQcent offers 3 different types of accounts depending on the deposit amount. Each trading account holds some extra advantages, including the bonus percentage.

Also, a demo account will give you a chance to get benefited from a virtual amount. Let’s find out that later, in this review article.

BRONZE

$ 250
  • 24/7 live video chat support
  • Withdrawals in 1 hour
  • Bonus +20%
  • Demo account
  • Copy Trading Tool

SILVER

$ 1000
  • 24/7 live video chat support
  • Withdrawals in 1 hour
  • Bonus +50%
  • Demo account
  • Copy Trading Tool
  • Master Class (web session)
  • First 3 risk-free trades
Popular

GOLD

$ 3000
  • 24/7 live video chat support
  • Withdrawals in 1 hour
  • Bonus +100%
  • Demo account
  • Copy Trading Tool
  • Master Class (web session)
  • First 3 risk-free trades
  • Personal success manager

IQcent Demo Account

You know the benefits of using a demo account. So, traders who choose to open an account with IQcent will also be interested in the demo first.

IQcent does allow its users to open a demo account, but in order to do so, they must open a live account and fund it first. After that, you can contact customer support to request a demo account.

When you fund your account, the demo account can be created with the same amount you have funded, and when you run out of funds on the demo, you can reload it again.

For example, if you deposit $20 to open a live account, you will receive the same amount of virtual money when you open a demo account.

IQcent Platform Overview

IQcent Platform Overview-Binoption

Our expert team has written this review after using the platform. We are glad to inform you that that platform is user-friendly with a lucrative dashboard that is convenient for beginners.

You can carry out your trades using this trading dashboard. IQcent offers its own in-house platform. So, you don’t have to download any software to operate trades.

On the left side of the platform, you will find the list of assets with the payout ratio. The graphic part is placed in the center of the screen. This part especially shows the market movement.

IQcent platform has a good interface with CALL and PUT trading buttons for Options traders. In order to copy trade, look up to the right corner of the interface and click copy trade.

Different types of trading charts are available on the platform, making it very easy to navigate. They also offer expiration times between 60 seconds and 1 hour.

Here comes the economic calendar part. It will help you to see the latest market events. A wide range of technical analyses and other tools are available on this platform to help predict market movement.

Lastly, the trading platform is available in English, Spanish, and Russian languages.

Trading Instruments

IQcent offers a vast number of trading instruments, over 100+ in forex, commodities, indices, and cryptocurrencies. Each trading instrument has a different payout ratio.

Traders will get the most volatile crypto assets to trade the market. The platform allows you to trade forex and CFDs with a leverage of 1: 100 to 1: 500. However, the leverage will depend on the asset classes.

With IQcent, you have the opportunity to trade on the weekend. However, for weekend trading, some markets will remain closed. The good thing about IQcent is that it doesn’t charge fees for Forex, CFDs, or Options trading.

You will get multiple asset classes to trade options if you are an options trader. On the trading dashboard, you will find three types of options like

  • Turbo
  • Intraday
  • Longterm

Each Option type has its own trading expiration timeframe. Generally, the expiration time starts from 1 minute. 

Copy Trading On IQcent Platform

Copy Trading-Binoption

Copy trading is one of the most significant possibilities for traders to make money from the trading market. It is a simple task with zero effort.

The dashboard will show you a list of the top 10 copy traders and from where you can follow your desired traders to start copy trading.

Do not worry because the listed traders are tested and trusted with live voting from users.

Remember that you have to open a real account to perform this. Choose any of the professionals and click copy trading. The trade is now executed automatically. Additionally, you win whenever the trader wins.

IQcent Trading Bonus & Contest

Who does not want more?

The good news is that IQcent offers several attractive reward features to its new and subsisting clients. According to the website information, the bronze account comes with 20%. The silver account comes with a 50% bonus, while the gold account is 100%.

Of course, there are some rules to attain bonuses. Bonuses are optional, and the client is not required to take a bonus.

Additionally, every week, IQcent hosts trading tournaments and offers $20,000 in prizes to the winner. The weekly competition is open to all traders.

The company also gives away free gifts every month, such as an iPhone 11 Pro, a MacBook Pro, and a Chromebook, AirPods, Apple Watch.

Go to the IQcent website and visit the contest section. You will get a leaderboard with traders’ names and their prize amount. You can check your rank from the below bar by just entering your name in the search box.

IQcent Referral Program

You have already got to know about the bonus and content that offers IQcent. Apart from these, the broker also has a Referral Program where clients can invite friends, family members, or colleagues.

Yes, you will get the opportunity to get 20% extra money. All you have to do is share your link and earn money.

For example, if a referral deposits $1000 in a new account, you will receive $200 as a commission.

IQcent Deposit Methods

The funding IQcent offers multiple methods so that traders can enjoy a hassle-free deposit. The trading broker provides fast and reliable transfers supported by the most popular providers.

With secure processing steps, you can instantly fund your account with five different payment methods.

You can deposit via Mastercard or Visa, and Perfect Money is also available. Then cryptocurrency, like bitcoin, ethereum, and altcoins, is accepted.

It’s available in all countries, and funding is instant. The minimum deposit amount is $20.

Note that IQcent charges a 5% deposit fee on Visa and Mastercard, but others are free.

IQcent Withdrawal Methods

The withdrawal method is as simple as the deposit method. For security reasons, identification of the person is required for all withdrawals, regardless of the withdrawal amount.

Note that the minimum withdrawal amount is $20.

IQcent processes all withdrawal requests within 1 hour. However, verification may take longer if the client doesn’t submit all requested documents in time.

24/7 Support Center

Enjoy the quickest reply ever with the IQcent platform. A trading support center is crucial for traders to solve problems instantly.

You have full-fledged customer support via video live chat, phone calls, and email at the IQcent. At the same time, you can join the group chat or private chat to solve your puzzle.

Advantages

There are many reasons behind choosing this broker. But these remarkable 7 points make this broker’s offer really unique.

  • Non-stop trading, even over weekends
  • 100% secured trading with full data protection
  • Multiple funding options
  • Guaranteed withdrawal processing within 1 hour
  • Copy-trading facility to earn more
  • Possibility to trade under experienced trader guidance
  • 24/7 customer multilingual support

IQcent Disadvantages

If you are looking for disadvantages, you can’t ignore the first one, which is the regulation. The broker does not have regulations that make it secure for all.

Another part is that there is no blog or education section. Significantly, the blog section helps new traders to enrich their trading knowledge.

The last part is the demo account. Most of the brokers offer free demo trading accounts without any deposit requirement. But, this trading broker does not allow traders to run the demo account before funding.

So, it is the most significant drawback.

FAQ - Common Question By Traders

1. Is IQcent regulated?

No, IQcent is not regulated by any regulatory bodies. 

2. Does IQcent offer a demo account?

Yes, but you have to fund the account before enjoying the demo facility. 

3. Does IQcent support USA traders?

No, this offshore broker does not support USA traders.

4. What is the minimum deposit amount?

The minimum deposit amount is $20

5. Does IQcent charge withdrawal fees?

Except for Visa and Master cards, withdrawal with other methods will cost ZERO. For Visa and Mastercard holders, a 5% charge is applicable. 

6. Is there any registration fee?

No, it is free to open an account with IQcent. 

Is IQcent Legit?

We have heard many negative reviews from different trading forums. Most traders claimed that the platform did not allow them to withdraw their profits or block their accounts without warning, which is really concerning.

Even though the broker platform got a terrible rating on Trustpilot, the customer support team is always on top of things. They replied to almost all the complaints.

According to our experience, we still haven’t faced anything like this. But, you will get an update from our team if we encounter any difficulties withdrawing money from their platform.

So, for us, definitely, the broker is legit to trade options. On the other hand, the team IQcent is transparent with their traders. So, consider this review as a testimony to the transparency gotten from the company.

Initially, we give a fair rating; out of 10, 6 is the overall rating.

Final Words

Finally, we are about to draw a finishing line by recommending you this broker. You can start trading with confidence because your money is safe here.

IQcent is legit, trustworthy, and good to use for its highly user-friendly dashboard.

However, you can visit the broker and learn more about the platform.

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