Discover the latest addition to the world of binary options trading: iqcent, the broker that deals in cents. Our team at tradingcritique.com has thoroughly investigated iqcent and in this review, we’ll provide you with all the essential details about this new player in the market.
Table 1: iqcent Overview
| iqcent Overview | |
|---|---|
| Regulation: | NONE |
| Account Types: | Bronze accountSilver accountGold account |
| Demo Account: | YES |
| Islamic Account: | NO |
| Market Instruments: | CommoditiesForexEnergiesPrecious metalsIndices |
| Payment Options: | Visa |
| MasterCard | |
| Bitcoin | |
| Ethereum | |
| Altcoins | |
| Minimum Deposit: | $10 |
| Minimum Trade: | $1 |
| Maximum Leverage: | 1:100 |
| Customer Support (24/7): | NO |
iqcent Broker Review – An Intro
iqcent is a new binary broker that was founded in 2017 by a group of experts. It started online trading in 2020. The company headquarters is in Majuro, Marshall Islands. iqcent is the first binary options broker that accepts trading in cents. Cents is a small minimum trading size of just $ 0.01.
Knowledge Bites
The Marshall Islands-based FX broker iqcent, which was founded in 2017, was the very first binary options broker, to make cents for trading. The iqcent minimum trade amount is $0.01. A wide variety of assets are available from the broker, including CFDs on binary options, indices, cryptocurrencies, commodities (gold, silver), and currency pairs. But because of its regulatory status, iqcent has generated a great deal of controversy.
Regulations & Trust ability Review of iqcent Broker
iqcent is an offshore firm that isn’t subject to any licensing requirements. The Marshall Islands are where it has its headquarters. Investors who are thinking of opening an account with iqcent should be conscious that their money is not secure and is at risk. There is no regulating authority or set of laws with which the broker must comply. iqcent or any of its partners or agencies are not registered and do not offer any services within the United States of America.
Table 2 : iqcent Regulation Details
| Entities Name | Regulation | Headquarters | Physical Address |
|---|---|---|---|
| Wave MakersLTD | NONE | Majuro, Marshall Islands | Nr. 103581, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 |
Review on Accepted Countries of iqcent Broker
iqcent’s service is permitted throughout the world. Its services are not available in the US territory. Some features of the online trading platform are unavailable in some nations due to legal restrictions.
Assets Review of iqcent Broker
Forex, commodities, indices, and cryptocurrencies are just a few of the more than 100 trading assets that iqcent offers. The iqcent provides trading opportunities for all of the following market instruments:
Commodities
Energies
Precious metals
Indices
Trading Platforms Review of iqcent Broker
iqcent provides its forex trading platform. This platform has a very user-friendly display and copy trading tools that allow users to copy the moves of more experienced traders.
CFDs and options can be traded using iqcent’s Web Trader. It works with all popular online browsers and doesn’t require any installation. You can use iqcent‘s trading platform via a PC, tablet, laptop, or smartphone. The trading interface of iqcent incorporates widgets for both technical and fundamental analysis.
Review on Types of Account of iqcent Broker
iqcent gives traders a choice between three account types, allowing new traders to get started with a minimum deposit.
- Bronze Account
- Silver Account
- Gold Account
Bronze Account
The beginner’s account, known as the Bronze Account, has a minimum deposit of $10. There is a $1,000 maximum deposit for this account, and a $250 deposit will get you a 20% bonus. This account offers live video chat service around-the-clock. There is a copy trading tool and a demo account available, and withdrawals should be completed within an hour.
Silver Account
A minimum deposit of $1,000 to $3,000 can be used to start a Silver Account, and a bonus of up to 50% can be claimed. The Silver account provides live video chat help around the clock. Within an hour, the withdrawals should be processed. Three risk-free trades, a master class (online session), a demo account, a copy trading tool, and a personal success manager are additional features.
Gold Account
Trades with a minimum deposit of $3,000 or more are eligible for the Gold Account, which offers a 100% bonus. A personal success manager, a demo account, a copy trading tool, a master class (online session), the first three risk-free trades, and 24/7 live video chat support are additional features. Withdrawals can also be made in an hour.
Demo Account Review of iqcent Broker
The client is given access to a demo account for learning and practicing trading. All trades are executed with virtual money, which is not regarded as real money, on a demo account. The Client is not permitted to transfer or withdraw virtual currency or to convert it into real money.
The trading features of a demo account are identical to those of a real account. Quotes on a demo account are identical to market quotes, but they might be different from quotes on a real account because the price feed is only updated occasionally to improve the trading platform’s performance.
Fees & Commissions Review of iqcent Broker
iqcent doesn’t charge any fees for deposits or withdrawals, although third-party bank costs could be involved. Although the spreads offered by iqcent are not exactly known, sources indicate that they are extremely low spreads. The broker does not charge a commission.
Funding & Withdrawal Methods Review of iqcent Broker
Credit cards (VISA/MasterCard), bank wire transfers, Bitcoin, Ethereum, Lite coin, and other altcoins can all be used for funding and withdrawal. The minimum and maximum deposits are $20 and $100,000, respectively. The minimum withdrawal amount allowed is $20. There is no transfer fee with iqcent. Third-party fees could, however, be charged. Funding time may be impacted by weekends and holidays.
Table 3 : iqcent Payment Method, Funding Time, Withdrawal Time, and Transfer Fees
| Funding & Withdrawal Method | Funding Time | Withdrawal Time | Transfer Fees |
|---|---|---|---|
| VISA/Master card | Instant | Up to 1 hour | 5% |
| Altcoins | Instant | Up to 1 hour | NIL |
| Ethereum | Instant | Up to 1 hour | NIL |
| Bitcoin | Instant | Up to 1 hour | NIL |
Leverage Review of iqcent Broker
Trading leveraged products can increase your potential profit while also raising your chance of financial loss, therefore you should exercise caution when doing so. The maximum leverage offered in the iqcent is 1:100.
Bonus Review of iqcent Broker
iqcent provides both new and subsisting customers with a variety of alluring reward features. Clients may receive bonuses and one-time trading credits as part of iqcent’s Referral programs, trading contests, and Deposit bonuses.
iqcent Referral Program
Through the iqcent Referral Program, you can invite your friends, family members, and coworkers and receive 20% of their deposits.
iqcent Trading Contest
The trading contest is open to all trading accounts without exception. Regardless of the trading outcome, all of your trades will be counted. 20 winners are chosen each week. The minimum trade amount should be $1. Every Sunday at 21.00 GMT, the competition begins and ends at 20.30 GMT. The top 4 finishers will each receive $20,000 in cash. Other locations receive priceless awards and bonuses.
iqcent Deposit Bonus
iqcent offers bonuses to initial trading deposits as a way of rewarding its traders. The bonus amount can be up to 100% of the deposit amount and depending on it.
Education and Research Review of iqcent Broker
On iqcent’s website, there is no evidence that the broker offers any educational and research resources like market analysis, news, an economic calendar, or calculators. The broker’s FAQ section and the setup of a demo account are the only resources it offers. However, it does mention that traders who open a silver or gold account can participate in a master class web session.
Rewards & Risk Review of iqcent Broker
iqcent has both advantages and disadvantages which are listed in table 4.
Table 4 : Pros and Cons of the iqcent Website
 Pros |  Cons |
|---|---|
| Withdrawals are processed with a guarantee in an hour. | There are no authorities who regulate it. |
| Trading is nonstop, even on the weekends. | Neither compensation plans nor insurance cover your deposits. |
| You can deposit and withdraw money using cards, cryptocurrencies, and other methods. | There isn’t outstanding customer service. |
| 100% secure trading with complete data security. | Inadequate resources for education & research. |
| A chance to trade while being guided by a highly experienced trader. | |
| 24/7 multilingual customer service. | |
| More than 10,000 transactions are processed every day. |
Customer Support Review of iqcent Broker
You can get in touch with the iqcent customer service team in real-time, seven days a week, via phone, email, live chat, or a website request for a return call.
Table 5 : Customer Support Numbers on the iqcent Website
| Social Media Pages of iqcent | |
|---|---|
| https://twitter.com/iqcent | |
| https://instagram.com/iqcent | |
| Contact Number | |
| English | +1-8299476383 |
| Russian | +7-499-3806317 |
| Chinese | 3-395-0396 |
| Thai | 02-21345671 |
| Singapore | 965-65425142 |
| Australia | 61-8-5550-7288 |
In a Nutshell
At tradingcritique.com, our aim is to empower traders by equipping them with the knowledge and resources they need to navigate the complex world of trading. We achieve this through our unbiased broker reviews, Blogs, and trading tips.
iqcent – FAQ
1. On iqcent, are there any withdrawal fees?
No, there are no withdrawal fees at iqcent.
2. Which trading platforms does iqcent support?
With its exclusive trading platform, iqcent offers.
3. Is iqcent a leveraged platform?
The maximum leverage offered by iqcent is 1: 100.
4. iqcent is it regulated?
Not at all, iqcent is unregulated.
5. What currencies can be used to fund a live trading account?
USD
