IQCent Broker Review With User Opinion, Legit or Scam?

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  • Start trading with $1
  • Earn up to 95% profits
  • Fast payments
  • $10 minimum deposit
  • $10 minimum withdrawal

Do you want to start trading with IQcent and don’t know if to trust them or not? Welcome to our comprehensive review of IQCent, the online trading platform that has been making waves in the financial world since its establishment in 2017.

If you’re seeking a brokerage that offers binary options trading, is accessible, and has competitive features, then IQCent might just be the binary options broker that you should begin trading with.

Like all the other reputable binary options trading platforms, IQcent is based in the picturesque Majuro, Marshall Islands, and it allows trades to access and trade forex currency pairs, commodities, indices, binary options, and cryptocurrencies.

Before you get all jolly and create an account with IQcent though, let’s take a closer look at some of its features to be sure that it is the broker we want to start trading with.

📝 IQCent Features Description
💰 Minimum deposit $20
📈 Minimum trade amount $0.01
🌐 Trading platforms Web-based interface
📊 Instruments Binary Options, CFDs, Forex, Stocks, Indices, Commodities, Crypto
💳 Account Currency USD, EUR, and GBP
📲 Mobile Apps Not available.
💳 Payment Methods Bank wire transfer, Visa/MasterCard, Bitcoin, Ethereum, Litecoin, and Altcoins etc.
💁 Customer Service Live chat, phone, web form, email
🏛️ Regulating Authorities Not Regulated
📈 Total Pairs 26
🔄 Copy Trading tool Available
🆓 Risk free trades Available
⭐ Bonus 20% to 100%
🔒 Caution If you are considering IQCent broker as your trading partner, perform thorough research, weigh the pros and cons, and assess your risk tolerance.
🏛️ Visit Broker IqCent

IQcent Account Types

IQ Cent Account Types

When it comes to account options on IQCent, traders can choose from a range of choices with varying needs and preferences.

Whether you’re just starting out or looking for advanced features, IQCent has something for you.

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1 Quotex logo without background
  • Start trading with $1
  • Earn up to 95% profits
  • Fast payments
  • $10 minimum deposit
  • $10 minimum withdrawal

🥉 Bronze Account

The Bronze Account is the gateway to IQCent’s trading platform.

Being the most basic account type on this platform, you will need to make a minimum deposit of $20 on this account to get access to a real account. Of course, you will also have a demo account which you can use to learn how to trade and for trading practice.

In summary, if you deposit $10 on IQCent, you will get access to the proprietary trading platform and can enjoy leverage of up to 1:100.

Lest I forget, there is a commission charge of $3.50 per lot applied to the bronze account but on the brighter side, you will receive a +20% bonus on any deposit.

Visit Website.
Features
Bonus Codes
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REGISTER
1 Quotex logo without background
  • Start trading with $1
  • Earn up to 95% profits
  • Fast payments
  • $10 minimum deposit
  • $10 minimum withdrawal

🥈 Silver Account

If you want more features and flexibility, the Silver Account might be the ideal choice.

With a minimum deposit of $1000, you will gain access to IQCent’s proprietary trading platform without any commission charges.

Just like in the bronze account, the leverage on the silver account remains at 1:100, but traders receive a +50% bonus on deposit.

As you might have noticed, the Silver Account comes with added perks, including reduced withdrawal time (withdrawal times within 1 hour), a Copy Trading tool, web sessions for a master class, and the advantage of the first 3 risk-free trades.

And don’t worry, you also get a demo account for this account type.

🥇 Gold Account

The Gold Account represents the pinnacle of trading options at IQCent.

With a minimum deposit of $3000, traders enjoy all the benefits of the previous accounts and more.

There are zero commission charges for trading, a +100% bonus, and access to the full spectrum of IQCent’s offerings.

Just like the silver account type, the Gold Account guarantees traders faster withdrawals, a Copy Trading tool, web sessions for a master class, the privilege of the first 3 risk-free trades, and the support of a personal success manager.

Note: – Each account type ensures that traders can choose the features that align with their trading goals and experience levels.

From a demo account for practicing strategies to leverage and bonus incentives, IQCent’s account options provide a diverse range of opportunities for traders to explore and succeed.

If you can not afford the Gold account, try the silver account and if you can not afford the silver account, use the bronze account and be sure to only trade with your disposable income.

IQCent Deposit and Withdrawal Methods

IQCent Islamic Account

For traders seeking an Islamic account that aligns with their faith and trading preferences, IQCent currently does not indicate the availability of such an account type.

While IQCent offers a variety of account options with different features and benefits, it’s important to note that at the time of this review, there is no specific information provided about an Islamic account option.

If you prioritize Sharia-compliant trading, then I recommend you explore alternative brokers (for example XM Forex) that explicitly offer Islamic account options to help Muslims adhere to their religious beliefs.

Visit Website.
Features
Bonus Codes
Rating
REGISTER
1 Quotex logo without background
  • Start trading with $1
  • Earn up to 95% profits
  • Fast payments
  • $10 minimum deposit
  • $10 minimum withdrawal

IQCent Demo Account

IQCent Demo Account

IQCent broker understands the value of practice and skill development, which is why they offer a demo account to traders.

With an IQCent demo account, you can gain hands-on experience in a risk-free environment.

Whether you’re new to trading or simply want to test out new strategies, the demo account provides access to the broker’s trading platform and allows you to trade with virtual funds.

This feature is especially beneficial for refining your trading techniques, getting accustomed to the platform’s features, and building confidence before you commit to real capital.

In short, the IQCent demo account offers a safe space to explore the markets, experiment with different trading approaches, and fine-tune your strategies without any financial risk.

IQCent Deposit and Withdrawal Methods

IQCent Deposit and Withdrawal Methods (1)

Tired of using the demo account already? You can make a deposit to your trading account to start trading with a real account.

Here are some of the payment methods available on the platform. Choose what works for you and use it for deposits.

Remember, you may be forced to withdraw with the same method you used for deposit.

💳 Visa and MasterCard

At IQCent you can fund your trading account with Visa and MasterCard.

These are two widely accepted payment methods that are easy to use and safe.

Visit Website.
Features
Bonus Codes
Rating
REGISTER
1 Quotex logo without background
  • Start trading with $1
  • Earn up to 95% profits
  • Fast payments
  • $10 minimum deposit
  • $10 minimum withdrawal

💳 Bitcoin and Ethereum

For those who are tech-savvy and prefer cryptocurrencies, IQCent supports Bitcoin and Ethereum deposits and withdrawals. This cryptocurrency option allows for faster transactions and increased privacy.

💳 Altcoins

In addition to Bitcoin and Ethereum, IQCent offers the convenience of altcoin transactions.

Whether you have a preference for a specific altcoin or want to diversify your payment options, IQCent’s support for altcoin deposits and withdrawals is endless.

IQCent Bonuses, Risk-Free Trades, and Promo Codes:

IQCent bonuses and promo codes

IQCent rewards its traders with a variety of bonuses and promotional offers that can enhance their trading experience.

These bonuses provide an opportunity to boost your trading capital and potentially increase your trading potential.

Here’s a closer look at the bonuses and promotional features offered by IQCent:

a). Bonus Tiers

IQCent offers a tiered bonus structure that aligns with different account types.

Traders who opt to use the Bronze Account can enjoy a +20% bonus on their deposits, providing an extra incentive to kickstart their trading journey.

If you go for a silver account type though, you will get an even more generous +50% bonus on your trading account.

Visit Website.
Features
Bonus Codes
Rating
REGISTER
1 Quotex logo without background
  • Start trading with $1
  • Earn up to 95% profits
  • Fast payments
  • $10 minimum deposit
  • $10 minimum withdrawal

And the Gold Account is even better, you will get a +100% bonus with this account type.

b). First 3 Risk-Free Trades

IQCent broker understands that every trading journey involves a learning curve.

To support traders as they navigate this curve, IQCent offers the First 3 Risk-Free trade promotions for Silver and Gold Account holders.

This promotion allows traders to execute their initial trades without the fear of losses.

If the first three trades result in losses, IQCent will refund the corresponding amount as a bonus.

This feature not only offers a safety net for new traders but also showcases IQCent’s commitment to providing a supportive trading environment.

c). Promo Codes and Special Offers

In addition to its structured bonuses, IQCent occasionally provides traders with special offers and promo codes.

These offers can range from deposit bonuses to other incentives that enhance the trading experience.

By keeping an eye on IQCent’s communications and announcements, traders can take advantage of these limited-time opportunities to maximize their trading potential.

Overall, IQCent’s bonuses and promotional features contribute to a rewarding trading experience, allowing traders to make the most of their deposits and explore the markets with added confidence and resources.

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

IQCent Trading Platform

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.

IQCent Login

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.

IQCent Withdrawal Methods

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.

IQCent App

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.

IQ Cent Account Types

Visit Website.
Features
Bonus Codes
Rating
REGISTER
1 Quotex logo without background
  • Start trading with $1
  • Earn up to 95% profits
  • Fast payments
  • $10 minimum deposit
  • $10 minimum withdrawal

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