IQCent Broker Review With User Opinion, Legit or Scam?

IQCent Safety and Regulation

When it comes to safety and regulation, IQCent operates within a specific framework that traders should be aware of.

At the time of this review, IQCent is not regulated by any specific financial authority.

While the absence of regulatory oversight might raise concerns for some traders, IQCent emphasizes its commitment to providing a secure trading environment through other means, such as advanced encryption and security protocols.

We strongly advise traders, especially from Kenya to carefully consider the regulatory status of any broker before making their trading decisions.

Pros and cons of IQCent:

• • Pros:
    • IQCent broker offers a low minimum trade size of $0.01, which allows traders to start with a small capital and test their strategies without risking too much money.
    • IQCent provides a copy trading feature that enables traders to follow and copy the trades of successful traders on the platform. This can be a useful way to learn from the experts and improve one’s trading skills.
    • IQCent broker has a fast and easy withdrawal process that guarantees to process the withdrawal requests within one hour. This can be convenient for traders who want to access their funds quickly and securely.
    • IQCent has a generous bonus system that rewards traders with up to 100% bonus on their deposits, depending on their account type. This can boost the trading capital and increase the potential profits.
    • IQCent Broker has a user-friendly and intuitive trading platform that supports 24/7 trading on any device. The platform has various tools and features that enhance the trading experience, such as charts, indicators, signals, and social trading.
  • Cons:
    • IQCent is not regulated by any reputable financial authority, which means that traders have limited protection and recourse in case of any issues or disputes with the broker. Traders should be aware of the risks involved and trade responsibly.
    • IQCent does not offer a demo account for free. Traders have to register and fund a live account to access a demo account. This can be inconvenient for traders who want to try out the platform and practice their skills before investing real money.
    • IQCent has a limited selection of assets compared to some other brokers. The platform currently offers only 100+ assets, including forex, commodities, indices, binary options, and cryptocurrencies. Traders who are looking for more diversity and variety may find this insufficient.

Conclusion

Even though IQCent broker seems to have a good face value, we could not just give our reviews based on everything we found on the trading platform.

As such, we also looked at reviews on other Forex review sites to get sentiments from traders who have already used this platform to trade in a real account.

Turns out there are traders who praise IQCent and another group who do not like it.

What do these traders think?

For those interested in cryptocurrency trading, IQCent appears to offer an accessible platform with options for various account types.

The availability of a demo account, though accompanied by the requirement of a real account and deposit, provides a platform for traders to test their strategies before fully committing.

The inclusion of a copy trading tool, as highlighted by one reviewer, adds value for those looking to follow the strategies of others.

However, the sentiment surrounding IQCent isn’t universally positive.

Concerns about withdrawal delays and customer support issues have surfaced, highlighting the importance of robust customer service and transparent withdrawal processes.

The absence of regulatory oversight, as indicated by several reviews, also raises questions about the broker’s accountability and adherence to industry standards.

My two-penny advice

While some traders have found success and satisfaction with IQCent, I advise that you trade with caution on this platform.

If you are considering IQCent broker as your trading partner, I say you perform thorough research, weigh the pros and cons, and assess your risk tolerance.

If the baggage on IQCent is too much for you, then why not explore alternative brokers with established track records and regulatory compliance to ensure a more secure trading experience?

IQCent or any other broker, I wish you success in your trading journey.

How IQCent compares with other brokers:

• • Quotex: This is another binary options broker that offers a low minimum trade size of $1 and a high payout of up to 95%. Unlike other brokers in its class, it has a more advanced and customizable trading platform that supports technical analysis, indicators, and signals. Quotex also offers a free demo account and a welcome bonus of up to 50% on the first deposit (use promo code “Joon50 or KennOmollo” to get the bonus.

Go to Quotex >>>

• • Olymp Trade: Olymp Trade is a popular online trading platform that offers both binary options and forex trading. It offers a free demo account with $10,000 and a bonus of up to 50% on deposits above $500.

Visit to Olymp Trade >>>

• • Expert Option: Offers binary options trading. And just like most brokers in this list, it has a minimum trade size of $1 and a maximum payout of 95%. Expert Option has a modern and attractive trading platform that supports various tools and features, such as charts, indicators, signals, social trading, and education.

Go to Expert Option >>>

• • Deriv: An online trading platform that offers various types of binary options and forex trading. Deriv has a minimum trade size of $0.35 and a maximum payout of 100%. Unlike all the other brokers in this list, it has an innovative and versatile trading platform that supports automated trading. Deriv also offers a free demo account and various other trading accounts.

Visit  to Deriv >>>

• • Binomo: Offers a low minimum trade size of $1 and a high payout of up to 90%. Has a simple and easy-to-use trading platform that supports various tools and features, such as charts, indicators, signals, tournaments, education, and analytics. Binomo also offers a free demo account and a bonus of up to 100% on the first deposit.

Go to Binomo >>>

Frequently Asked Questions

1. IQCent Login

Logging into your IQCent account is a straightforward process.

Simply navigate to the IQCent website and locate the “Login” or “Sign In” button, usually positioned at the top right corner of the homepage. Clicking this button will direct you to the login page where you’ll need to enter your registered email address and password associated with your IQCent account.

After providing your credentials, click the “Login” button to access your account dashboard.

2. IQCent Withdrawal

It is easy to access your funds on the IQCent platform.

To initiate a withdrawal, log in to your IQCent account and navigate to the withdrawal section hidden under your avatar.

Once you have clicked on the withdraw menu, you will be prompted to choose your preferred withdrawal.

And note that you can only withdraw with the method you used for making a deposit.

Another thing that you need to note is, that IQCent does not allow its users to withdraw money before verifying identity.

If you try to withdraw with an unverified account then this is the message you will receive, “In order to proceed and withdraw your funds, please confirm your identity”

If you are able to go past this though, you will need to follow the prompts to enter the withdrawal amount and confirm the transaction to process your payment.

IQCent aims to process withdrawals within a reasonable time frame, typically within 1 hour, depending on the method chosen.

It’s important to note that specific withdrawal fees and processing times may vary based on the chosen method.

3. IQCent App

IQCent provides convenience and accessibility through the mobile app browser.

While the platform is designed to simulate an app on mobile devices, they do not have a dedicated mobile app at the moment.

You can however open IQCent on your device browser, click on the three dots at the top right corner of the browser, scroll down then choose Add to Home.

You can change the name of the shortcut, “IQCent” and a shortcut will be created on your device simulating an app.

Once you have added the platform to your home screen, log in using your existing IQCent account credentials.

The new IQCent app that you have just created will offer everything you find on the desktop version.

Trust me, it is no different from trading with your laptop except you can now trade anywhere. Even on the streets.

4. IQCent Minimum Deposit

IQCent aims to make trading accessible to traders of all levels, offering a low minimum deposit requirement of $50.

This minimum deposit allows traders to create a trading account and begin exploring the platform’s features, and assets, and to even start making real money.

Keep in mind that the minimum deposit amount may vary based on the account type you choose.

While the Bronze Account offers an entry point of $50, higher-tier accounts like Silver and Gold might require higher minimum deposits.

It’s recommended to review the account types and associated deposit requirements to make an informed decision that aligns with your trading goals.