What is IQcent.Pro? It´s a popular online broker with a reputation for offering a range of financial instruments and services to traders worldwide. Whether you’re a seasoned trader or just starting, this review will provide you with all the information you need to decide if IQcent is the right broker for you or not.
Minimum deposit: $10
Who is it for: Traders
IQcent Binary Options Broker
IQcent is a binary options broker that accepts cents accounts. The company began offering online CFD trading in 2020 in Majuro, Marshall Islands. The platform does not offer a demo account, but if you are an eligible user, you can request one by signing up for a live account and funding it. You can also contact customer care for demo account credentials after funding your live account.
IQcent offers three account types: bronze, silver, and gold, each with different features. The platform has also introduced several new features, such as copy trading, which allows you to copy the moves of top professional traders and earn profits. You can also learn from these experts to gain knowledge and experience. The minimum deposit fee on IQcent is $10, and the platform provides live customer support to assist clients and resolve any confusion or difficulties.
IQCent.Pro Instructional video
If you are a beginner in trading and in using trading platforms then you might want to get an overview of how the platform works, right? The video below might be helpful for you if that is the case:
Trading With IQcent
IQcent offers three account types for online trading on its interactive website. These accounts cater to the different needs of clients. If you are a beginner and want to start online trading with a small amount, you can choose from the following account options:
The bronze account offers the following features.
- It has a copy trading tool. You can use this to gain knowledge and earn some profits too.
- The account offers up to 20% bonus on deposit
- You get a demo account on request
- Withdrawals take up to 60 minutes to be activated
- Offers copy trading services.
- It also has a 50% bonus on deposit.
- There is a master class option for you to learn.
- Unlike bronze account, silver has a 24 hours live support
- You also get a demo account on request
- Withdrawals also take 60 minutes to be affected
- The account offers a live videos support
- You get the master class offered
- The copy trading options are also available
- You get your account manager
To create an account with IQcent, follow these steps:
- Go to the IQcent website and click on “sign up.”
- Fill out the form with your correct name, address, and email.
- Read and agree to the terms and conditions.
- Select the next button.
- Use the demo account to start learning to trade.
IQcent requires that clients provide identification and proof of residence to verify their accounts. If the verification of your documents is not complete, IQcent reserves the right to close the account. Deposits can be made in different currency options using various methods.
IQcent Deposit and Withdrawals
You can open an IQcent account with a minimum deposit of $10. To make your deposits or withdrawals, you can choose among these options.
- Crypto options; Bitcoin, Ethereum, and Litecoin,
- Bank Wire Transfer,
- MasterCard, Visa,
- Electronic transfer; Perfect Money, Neteller, or Skrill.
Deposits are usually processed instantly, except for Perfect Money, which may take up to 60 minutes. Withdrawals on all accounts usually take 60 minutes after confirmation.
Summary Review of IQcent Trading Platform
The IQcent trading platform offers a user-friendly and interactive interface for its clients. It includes a copy trading tool that allows users to learn and copy the trades of expert traders listed based on their performance.
The platform also provides different trading chart types. Additionally, it offers market patterns and technical analysis to help users understand the market position. The CALL and PUT buttons on the platform facilitate the execution of trades, which range from one minute to thirty minutes.
The trading platform is accessible on all devices and does not require software downloads. It is also easy to access and saves data on the website from different devices. The website also offers various tools that you can use for trading, including a chart feature at the center of the website. The feature allows you to trade in multiple assets. The measuring tools are available on the website to calculate potential gains and losses. The text tools allow you to add comments to their portfolio. Furthermore, the platform is available in Russian, Spanish, and English.
IQcent reviews online
As you always should do when researching something online is to look what users of the platform or service you are interested in have to say. You should focus (or at least start) on the most well-known independent third-party consumer protection agencies like Trustpilot. Below is the results IQcent got from Trustpilot so far:
Overall rating: (2.7 / 5) (from 65 reviews) click here for details (opens in new window)
As you can see the platform got a pretty average rating. You might think that 2.7 out of 5 stars is low but when it comes to trading platforms it isn´t. The reason why such platforms rarely get higher ratings is (most likely) due to most people loosing money trading and then they let out their anger and blame the platform, when in reality it wouldn´t mattered what platform they used.
Online Broker Bonuses and leverage
IQcent offers a deposit bonus for new traders. It also has a referral program that provides a 20% bonus on deposits when you share your referral code with others. The trading platform also allows for leverage trading, with a maximum ratio of 1:100. Leverage increases the potential profit for the trader and the risk of loss. It allows for significant exposure to the speculative market.
Fees and Assets on IQcent
IQcent charges no fees for withdrawal or deposit. However, bank fees may apply for credit or debit card transactions. The platform offers a lower spread than other platforms and does not charge any commission. IQcent offers 15 cryptocurrency pairs, four stocks, 26 currency pairs, and two commodities for trade, with expiry periods ranging from one to thirty minutes.
Frequently Asked Questions-FAQ
1. Is IQcent Binary Options a good broker?
IQCent offers several benefits as a broker, such as a free demo account, helpful customer support, deposit bonuses, and low trading fees. However, it is important to note that IQCent is not regulated, which can be a significant risk for you as a trader when investing real money. It is advisable for traders to carefully consider this and any other potential drawbacks before deciding to use IQCent as their broker.
2. Is IQcent a legit Broker?
IQCent is legitimate. However, this is based on the positive experiences reported by traders. Deposits and withdrawals are smooth, and trading profits are promptly paid out. However, it is worth noting that the platform is not regulated.
3. Does IQcent have a demo account option?
Yes, IQCent does offer a demo trading option. However, To access this feature, you will need to open a live account with them first. Once you have done so, you can contact their customer support team to request a deposit of virtual money into your account. This will allow you to practice and test your trading strategies without risking real money. Please note that this option is not the same as a demo account, and the conditions of the market may not be identical to real trading conditions.
4. Is IQcent available in the US?
No, IQcent is NOT available in the US. This is due to strict regulations when it comes to binary options trading. If you are looking for a similar platform that you can use from the United States then you might want to have a look on eToro instead.
Final words & verdict
Overall rating: (4 / 5)
Ok, I think this summs up the overall view of IQcent pretty good! It is a legit trading platform for sure and it also seems to be a very good one. You can trade A LOT of commodities and it was good to see that there were many cryptocurrencies to choose from as well as precious metals, oil, etc.
I like the interferance and am sure that many of the users appreciate the simple design and easy to understand dashboard.
I hope you found this short review on IQcent.pro to be helpful and that you now have a better idea on what it is and if it is something for you or not. If you have used the platform yourself then please share your own experience in the comment section below!
I wish you success!
Glanz, investor and team member on Goldretired.com!