IQCent Review

4.5/5 - (2 votes)

BrokerIQCent
Company NameWave Makers LTD
HeadquartersMarshall Islands
RegulationNo
US Traders AcceptedNo
Max Payout98%
Bonus200% (with promocode “CRAZY200”)
Trading PlatformProprietary
Trading appiOS and Android
Demo AccountYes, contact support for access.
Early ClosureAvailable
Deposit OptionsCredit/Debit card, BTC, ETH, altcoins
Deposit CurrenciesUS dollar, euro, Russian ruble, British pound
Minimum Deposit$20
Minimum Trade$0.01
Maximum TradeNo specified limit
Online Since2020
Trading InstrumentsCurrencies, Cryptos, Commodities, Indices
Number of Trading Instruments69
Binary Option TypesHigh/Low, CFD
Customer Support TypesLive chat
Tools OfferedSocial trading, double up, rollover, early close, personal success manager, up to 3 risk-free trades, drawing tools, market analysis
AwardsNo specific awards mentioned
LanguagesEnglish, Russian, Spanish

IQCent is a trading platform that offers users the opportunity to engage in binary options and Contract for Difference (CFD) trading. Operated by Wave Makers LTD and headquartered in the Marshall Islands, this broker aims to cater to the needs of traders looking for a simple yet effective trading environment. Launched in 2020, IQCent has quickly gained recognition among traders for its user-friendly interface and diverse trading options.

One of the main attractions of IQCent is its proprietary trading platform, which provides tools and features to enhance the trading experience. Traders can choose from a variety of assets, including currencies, cryptocurrencies, commodities, and indices, with a total of 69 trading instruments available. The platform allows for customizable charts and offers features such as copy trading, market analysis, and early closure options for trades.

In terms of funding, IQCent supports multiple deposit methods, including credit cards, debit cards, and cryptocurrencies such as BTC and ETH, with a low minimum deposit requirement of just $20. The broker also implements various promotional offers, including a bonus scheme that can provide users with up to 150% bonus using a specific promocode.

While IQCent presents an array of exciting features for traders, it is important to note that the broker lacks regulation and has received mixed reviews from users regarding its customer support and withdrawal processes.

IQCent Review: Advantages and Disadvantages

Pros:

  • Low minimum deposit of $20.
  • Offers a demo account for practice trading.
  • Attractive bonuses, up to 200% with promocode.
  • Compelling trading promotions and contests.
  • Proprietary trading platform with user-friendly interface.
  • Fast deposit and withdrawal processing times.
  • Wide range of trading instruments including currencies and cryptocurrencies.

Cons:

  • Lack of regulation creating potential risks.
  • High fees for credit/debit card transactions.
  • Monthly inactivity fee applies if no trades are made.
  • Limited customer support availability.
  • Potential withdrawal challenges reported by users.
  • Swap fees applicable for overnight positions.

IQCent is an online trading platform that offers a variety of trading options including binary options and CFDs. This platform has gained attention in the trading community, primarily due to its unique offerings and competitive features. In this review, we will delve into the specifics of IQCent, including its account types, the trading platform, bonuses, fees, customer support, and promotional offers. The aim is to provide a comprehensive overview that assists potential traders in making informed decisions about whether to engage with IQCent.

Overview of IQCent

IQCent is operated by Wave Makers LTD, headquartered in the Marshall Islands. While the broker does not accept traders from the USA, it welcomes clients from various other countries. The trading platform launched in 2020 and has continuously evolved to cater to the needs of both novice and experienced traders.

One of the key features of IQCent is its proprietary trading platform, which is designed to be user-friendly while offering a robust trading experience. It provides access to 69 trading instruments across multiple asset classes including currencies, cryptocurrencies, commodities, and indices.

Account Types at IQCent

IQCent offers three tiers of accounts: Bronze, Silver, and Gold. Every account type comes with its own set of features aimed at enhancing the trading experience.

The Bronze account is designed for beginners and offers essential functionalities including a demo account, 24/7 live chat support, and a modest bonus of up to 20%. This account type also allows a minimum deposit of just $20.

The Silver account offers more advanced features, including a higher bonus of 50% and access to a master class web session that can aid in skill development. Additionally, new traders enjoy their first three trades risk-free.

The premium Gold account combines all the features of the Silver tier and includes a generous 100% bonus and a dedicated personal success manager to provide one-on-one assistance.

Trading Platform Features

The IQCent trading platform can be accessed via both desktop and mobile applications. The sleek, modern design provides a pleasant trading environment. Users can download the app for iOS and Android, or choose to trade directly through their web browser.

On the platform, traders can engage in various types of trades using tools like double up, rollover, and early close. These features enable users to manage their trades effectively. The user interface is equipped with customizable charting tools, making it easy for traders to analyze market trends and execute trades efficiently.

Deposit and Withdrawal Options

IQCent supports several deposit methods including credit cards, debit cards, Bitcoin (BTC), Ethereum (ETH), and other altcoins. The platform’s deposit process is straightforward and instantaneous for most payment methods, except for credit and debit cards, which incur a 5% transfer fee.

The platform has established a low minimum deposit requirement of just $20, allowing traders to start with a relatively modest investment. Similarly, the minimum withdrawal amount is also set at $20, making withdrawals accessible for most users.

For withdrawals, the processing time typically takes up to 1 hour, making it convenient for traders to access their funds swiftly. However, it’s worth noting that wire transfers incur a $50 fee.

Promotion and Bonuses

IOptions are plentiful at IQCent, with a matching deposit bonus of up to 100%. Traders can increase their bonus to 150% by utilizing the exclusive promocode BINARYTRADING. These bonuses provide traders with extra funds to explore trading opportunities.

In addition to deposit bonuses, IQCent hosts weekly trading contests that distribute rewards totaling $20,000 to the top four winners. This competitive atmosphere attracts many traders and adds an additional layer of excitement to the experience. Other promotions include giveaways for high-end tech products, adding more value to the trading experience.

IQCent Trading Instruments

The trading instruments offered by IQCent cover a broad range, including currencies, cryptocurrencies, commodities, and indices. With a total of 69 instruments available, traders have the freedom to diversify their portfolios and explore various market opportunities.

Binary options and CFDs are the primary trading choices; these instruments allow traders to capitalize on market price movements efficiently. The platform also facilitates the trading of popular currency pairs, ensuring traders have access to both major and minor exchange rates.

Customer Support at IQCent

Customer support plays an important role in the trading experience, and IQCent attempts to address this need through its innovative live video chat support. This unique feature allows users to see a live feed of the support agent they are communicating with, although the actual communication is text-based.

Despite the innovative approach, there have been mixed reviews regarding the responsiveness of support agents. During some instances, users reported delays in receiving answers, which raises concerns about the reliability of customer service during critical trading moments.

Trading Fees on IQCent

It is essential for traders to be aware of potential fees that could affect their investment returns. IQCent has several fees associated with different services. For instance, there is a $10 monthly inactivity fee which applies to accounts not used for trading in a given month.

A swap fee is imposed for overnight positions, which is generally around 0.07% of the position’s face value. Additionally, for leveraged CFD crypto positions, commission fees can reach up to 5%, thereby impacting profitability for certain trades.

Educational Resources

Education is a key aspect for traders looking to enhance their skills and improve their trading strategies. IQCent offers a selection of educational resources including a comprehensive FAQ section and an online master class that offers insights into different trading methods and strategies.

While the availability of educational resources is beneficial, more extensive training materials such as webinars, strategy guides, or tutorials could significantly enhance trader knowledge and success rates.

In summary, IQCent presents itself as a noteworthy option for those interested in trading binary options and CFDs. The platform offers an array of features, including competitive bonuses, a wide selection of trading instruments, and a user-friendly trading interface. However, potential traders should remain cautious of trading fees and the importance of consistent customer support. With proper research and awareness, IQCent can serve as a solid choice in the evolving landscape of online trading.

IQCent is a broke that offers convenient trading solutions for binary options and CFDs using its proprietary platform. Managed by Wave Makers LTD from the Marshall Islands, it provides multiple account tiers—Bronze, Silver, and Gold—each with various benefits such as live support and bonuses. IQCent allows deposits using credit/debit cards, BTC, ETH, and other altcoins, with a minimal deposit of just $20. Traders can enjoy a maximum payout of 98% and participate in weekly trading contests. However, the platform does not serve traders in the USA, and it lacks thorough regulation, which may raise concerns. Additionally, there are various fees, including a 5% charge on card deposits and a $10 monthly inactivity fee. The trading platform boasts an appealing design and offers useful tools for an enhanced trading experience.

Frequently Asked Questions about IQCent

What is IQCent?

IQCent is a broker that offers trading in binary options and CFDs using a proprietary platform.

Is IQCent regulated?

No, IQCent operates under Wave Makers LTD in the Marshall Islands and does not provide specific regulatory information.

What is the minimum deposit for IQCent?

The minimum deposit required to open an account on IQCent is $20.

What are the deposit options?

You can deposit funds using a credit/debit card, BTC, ETH, or altcoins.

Does IQCent offer a demo account?

Yes, you can request a demo account by contacting customer support.

What is the maximum payout on IQCent?

The maximum payout available on IQCent can reach 98%.

Are there any fees on IQCent?

Yes, there is a 5% fee for card transactions and an inactivity fee of $10 each month without trading.

What types of trading instruments can I use on IQCent?

You can trade currencies, cryptos, commodities, and indices on the platform.

How can I contact customer support?

Customer support can be reached through live chat, offering 24/7 assistance.

Can I use IQCent from the USA?

No, IQCent does not accept traders from the United States.

Scroll to Top