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

Last Updated: November 1st, 2022
Overall Rating
4/5
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)

Though IQcent broker is not the opening platform that offers a seamless trading experience, it is a legit trading platform with multiple benefits. 

Undoubtedly it is the first broker who got a massive amount of attention in a short time, both positively and negatively. 

On the other hand, iqcent is a versatile platform. So, now you can trade anytime, anywhere. 

So, in this in-depth review, we will examine the features and services offered by the IQcent broker. Furthermore, we will tell you 

  • Is this platform legit
  • Fair recommendation and review
  • How to make money with IQcent 
  • How to withdraw money in a limited time

Let’s get started. 

IQcent Review- What Is IQcent

IQcent is an online broker that offers options trading and CFDs on forex, stock, commodities, and cryptocurrency assets. In 2017, a group of experts founded this innovative platform to provide a seamless 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. At the same time, IQcent is one of the brokers that accept trade in cents. 

Amazing and worthy for small investors. 

Moreover, it is an excellent opportunity for those who want to start with a minimum amount.

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

Also, the broker will make you an unstoppable trader with its weekend trading structures. With this broker, you can access more than 100 trading assets to make you profitable daily.

And what about data protection?

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

On the other hand, their copy trading feature will help you to copy top traders’ trades to make money. Everything under one roof boost this broker. 

So, give it a try. 

Why Trade With IQcent?

The platform is the best fit for beginners. Also, professional hands could get the best outcome from this broker. On the flip side, a wide variety of trading instruments like currencies, cryptocurrency, stocks, and commodities give you the essence of the best experience.

But it is not the single reason to love this broker. 

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

Let us share the reasons why traders choose IQcent.

  • 100+ 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
  • Bonus & contest

Is IQcent Regulated?

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

With no regulation, this offshore broker is leading the market. That means IQCent nor its agents or partners are not registered.

At the same time, this versatile platform does not provide any services in the USA territory. Moreover, certain features are not available in some countries for legal reasons.

On the flip side, the broker got zero awards. Though it is important to gain trust, the platform is just newly formed.

IQcent USA Trader

According to their website, the broker does not provide any service inside the USA territory. However, they claimed that USA traders could easily open an account and trade.

It is promising though we are going through a thin line of confusion regarding this process. So, we won’t recommend you take this risk.

IQcent Sign Up And Login

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 out the registration form with your name, contact number, and valid e-mail address. 
  • Set the 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. 

Your platform is ready to serve you. 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 Account Types

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

The deposit amount starts from $20. If you are a beginner trader, begin with a small amount.

Here is the list with features:

BRONZE

$ 20
  • 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

A demo account will boost your trading education. You can test the dashboard before attempting any trades. 

You can read the article on using a demo account to know the benefits. 

To accelerate their service, IQcent also offers a demo account. But unfortunately, you need to fund your account to run a demo platform. 

After that, you can contact customer support to request a demo account.

Funding your account allows you to create a demo account with the same amount that has been funded. Reloading the demo account when you run out of funds is possible.

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.

Platform Overview

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 convenient for beginners.

You can carry out your trades with this broker without facing difficulties. Also, the broker IQcent offers a proprietary web-based 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.

Moreover, the copy trading facility will help you earn just by copying an expert—there is no need to understand the market, not even the snake shape lines.

In order to copy trade, look up to the right corner of the interface and click copy trade.

Different 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 to help predict market movement.

Trading Instruments

IQcent offers a vast number of trading instruments, with over 100+ in

  • Forex
  • Commodities
  • Stocks
  • Cryptocurrencies

Each instrument has a different payout ratio.

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

On the other hand, the binary trader will enjoy a payout ratio based on the asset they choose. But the maximum percentage is 95%.

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 CFDs, or Options trading.

IQcent Options Trading Type

You will get multiple asset classes to trade options if you are an options trader. So, you can choose any asset based on the profit ratio. 

But there is another thing to mention. 

You can avail of three types of options. In the trading dashboard, you will find the types of options like

  • Turbo
  • Intraday
  • Longterm

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

Leverage

IQcent offers a maximum of 1:100 leverage. With leverage, you can diversify your portfolio with a larger pot. However, both negative and positive periods exist. In the same way, you can earn money; you can lose money too.

So, it is recommended to slow down the leverage trading.

IQcent Copy Trading

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

The dashboard will show you a list of the top 10 copy traders and where you can follow your desired trader 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 a certain percentage whenever the trader wins.

Let’s have a look at the key points

  • Copy trading sometimes also carries risk
  • Help to minimize losses
  • Save time
  • Educate new traders
  • Create a risk-free environment
  • No need to analyze market

Weekend Trading

IQcent allows you to trade on weekends. Now, you don’t need to miss the beautiful Sunday when the market is closed.

Trade anytime, anywhere, even over weekends.

IQcent 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 a 20%
  • A Silver account comes with a 50% bonus
  • The gold account offers a 100% bonus

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

Additionally, IQcent hosts trading tournaments weekly and offers the winner $20,000 in prizes. On the other hand, the weekly competition is open to all traders.

Moreover, the company also gives away gifts every month, such as an iPhone 11 Pro, a MacBook Pro, 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 amounts. You can check your rank from the below bar by just entering your name in the search box.

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.

Research & Education

Well, a trading education is a must for traders, especially those taking baby steps here. At the same time, research is also a must task that you should do regularly before placing an order.

The market change without any signal. So, you should know when to press the put button and when to press the call button.

Unfortunately, IQcent doesn’t offer any trading education for traders. They have an FAQ section, which is not even enriched. So, they should take care of this sector.

However, they offer a learning feature with a master class web session only for the silver and gold account holders.

Deposit Methods

IQcent offers multiple methods so that traders can enjoy a hassle-free deposit. The minimum deposit amount is $10, which applies only to Bronze account holders. 

However, the minimum deposit amount depends on the source and region of the clients

IQcent broker provides fast and reliable transfers supported by the most popular providers. Also, you can instantly fund your account with five different payment methods with certain processing steps.

Deposit via Mastercard or Visa, and Perfect Money is also available. Moreover, cryptocurrencies like bitcoin, Ethereum, and altcoins are acceptable. 

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

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.

Check the list, and you will get the following methods to withdraw your profits:

  • Bitcoin
  • Bank Wire Transfer
  • MasterCard
  • Visa
  • Ethereum
  • Perfect Money
  • Altcoins
  • Litecoin
  • Neteller
  • Skrill

IQcent Support Centre - 24/7

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 same time, you can join the group chat or private chat to solve your puzzle.

Also, for a quick overview, you can check their FAQ section. 

The key points are

  • Live chat option
  • Video live chat option
  • 24/7 available customer support 
  • Multilingual support 

Advantages

You got the idea that IQcent is a versatile broker with a user-friendly dashboard. Apart from the platform, there are many reasons behind choosing this broker.

But these remarkable points make this broker’s offer unique.

  • Non-stop trading
  • Weekend trading
  • 100% secured with full data protection
  • Multiple funding options
  • Trade with cents
  • Master class web session
  • Guaranteed withdrawal processing within 1 hour
  • Copy-trading facility
  • Possibility to trade under experienced trader guidance
  • 24/7 customer multilingual support

Disadvantages

We found a major drawback regarding the regulation. Including this, some other aspects give you a vibe to think twice. Let’s make a list so that you can find it quickly. 

  • Not a regulated broker
  • Need to deposit the initial amount to run a demo account
  • Lack of education section

These are the most significant disadvantages for traders. They should work on these to make this broker trustworthy. Hope, they will bring promising words soon. 

FAQ - Common Question By Traders

Here are the common questions that are frequently asked 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?​

    Clients from US can easily sign up there and trade. The company by itself doesn't provide services on US territory!

  • 4. What is the minimum deposit amount?

    The minimum deposit amount is $20. However, it depends on the source and region of the clients.

  • 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.

  • 7. What are the conditions for withdrawals?

    For security purpose, you need to submit valid documents to verify your account before withdrawal.

Is IQcent Legit? Recommendation

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.

However, we 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.

On the flip side, you need to check a few points to smooth your withdrawal process.

  • Check whether your account is verified or not
  • Withdraw using the same methods you used to fund your account
  • Do not try to fund using a third-person credit card

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.

We can say that trades with IQcent are safe because IQcent is owned by FGC, a licensed financial service company. So, for us, the broker is legitimate to trade options. 

On the other hand, the broker is transparent with their traders. Consider this review a testament to the company’s transparency.

Overall, we give a fair rating of 6 out of 10.

Final Words - Is IQcent A Scam?

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

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

It is an intuitive platform with interactive features that will help you to grow your investments.

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

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