- Up to 95% Payout (Amount is credited to account in case of successful investment)
- Up to 150% bonus (IQCent promo code BINARYOPTION )
- $20 min. Deposit
General risk warning: your capital is at risk
Nowadays, more and more people are trading online. Whether from their home computer or via a smartphone, you can trade on many online trading platforms from anywhere in the world. This is why so many people are entering online trading, either as a source of additional income or as a full-time job.
However, choosing a good broker is essential to your success in the online trading world. There are many scams and bad brokers out there, so it is normal to ask questions about the legitimacy of your broker.
In this review, we will analyze the IQCent broker and see all the features and services offered by this broker. We will also tell you if it is really worth opening an account on IQCent.
What is IQCent?
IQCent is a Forex, CFD, and binary options broker that started its activity in 2017. IQCent is one of the only online brokers to allow its clients to trade with positions that can be as low as 0.01 cent . This broker operates under the name of Wave Maker LTD and is based in Majuro, Marshall Islands.
To ensure the legitimacy of a broker, regulation is an important point. There are still serious unregulated brokers, there are also many others who are just scams.
IQCent, is not one of the brokers regulated or registered by a reputable regulatory body. This is not to say that it is a bad broker, but clients who want to trade with IQCent should be careful when trading binary option, forex or CFD with this particular broker.
Regarding the protection of your personal data. A good point here is that you don’t have to worry because IQ Cent is equipped with up-to-date SSL security protocol. This means that your data is encrypted and cannot be retrieved by hackers and other malicious people.
IQCent Trading platform
The IQCent trading platform is simple and intuitive. It was created specially by the broker to meet the needs of their clients. This platform includes many indicators and chartism tools very useful in technical analysis.
On the left of the IQCent trading platform is the list of available assets. The graphic part is placed in the center of the screen and the menus allowing you to configure the orders are found on the right of the screen with the Call and PUT buttons.
In this trading platform, you will also find a copy trading tool. This copy trading tool allows you to copy other trader’s trades and earn even without any trading experience
Overall, the IQ Cent trading platform remains classic and integrates all the elements one would expect to find on a Binary Options, forex and CFD trading platform.
IQCent offers these clients no less than 100 assets to trade. Among these assets you can find:
- Forex currencies
At IQCent, You would find many of the most popular assets, like major forex currency pairs, oil, stocks, and many other popular assets.
Do not hesitate to read the list of all assets available on the IQ Cent web platform. Please note that the list of assets in option form is not the same as the list of assets offered in CFD form.
IQCent’s platform allows you to trade forex and CFDs with a leverage of 1: 100 and can reach up to 1: 500 on some assets. Leverage vary depending on the asset.
You can trade 24/7 on IQCent. However, please note that some markets are closed on weekends or at certain times. Cryptocurrencies in the form of options or CFDs can be traded at any time.
A good point here is that IQ Cent does not charge fees on Forex, CFD and Option trading. However, the broker may charge a fee depending on your withdrawal method. You can find more information on this in the withdrawal section below.
- IQCent Minimum deposit of $20
- Return of 95%+ for options trading
- Leverage up to 1:500 in CFD Trading
- Fixed CFD Trading fees up to 5%
- Multiple payment methods
- 24/7 support
- Unique web-platform
- IQCent offers the possibility of opening 3 types of accounts:
- Bronze (deposits between $10 and $250)
- Silver (deposits between $250 and $1,000)
- Gold (deposits above $1,000).
Among the accounts offered, each type of account has a different bonus percentage (from 20 to 100%), In addition to the bonus offered, These accounts are associated with other benefits such as obtaining a personal manager and webinars ( web session) for Silver and Gold accounts.
IQCent deposits and Withdrawals
IQCent has a multitude of payment methods to make your deposits and withdrawals, with more than 10 payment options. You can relocalize your withdrawals via cryptocurrency, credit / debit card and other means of payment such as e-wallets.
Pay attention to the important turnover conditions
An important point to remember about withdrawals, IQCent requires you to trade a certain amount before you can withdraw your funds whithout fee, even if you are using a bonus or trading without a bonus.
IQCent charges a withdrawal fee of 20% if you want to withdraw your money before you have traded the equivalent of 300% of your balance (for accounts with bonuses) or 100% of turnover (for accounts without bonuses) )
IQCent trading contest
Every week, IQ Cent hosts trading tournaments and offers to the winner of $ 20,000 in prizes. All traders are automatically qualified to participate in the weekly trading competition. IQ Cent also offers free gifts every month like iPhone 11 Pro,
AirPods, Apple Watch.
IQCent review conclusion
IQCent is not a scam. However, this broker has some drawbacks that could put off some traders such as the turnover requirement to make free withdrawals or the impossibility of opening a demo account for free without a deposit.
If these conditions do not suit you, you can go see our other opinions about brokers or our comparison of the best brokers which lists the best binary options broker with a free demo account and without any restriction on withdrawals.
Use the IQCent promo code BINARYOPTION to get 150% bonus