IQCent Review 2024

Are you looking for a binary options broker that allows you to start trading with just 1 cent? IQCent provides this option for you. This platform which has been operating online since 2020, headquartered in Majuro, Marshall Islands, offers up to 1:500 leverage for trading over 100 assets.

You can choose from 4 different live account types on this broker. If you want to know details about the accounts and users' opinions, keep reading IQCent review.

IQCent - Company Information

IQCent is a relatively new player in the binary options and CFD trading industry, having been established in 2017. The company is regulated by the International Financial Market Relations Regulation Center (IFMRRC).

While this regulatory oversight provides some level of security, it's important to note that it may not offer the same level of protection as more stringent regulatory bodies like the FCA or CySEC.

Other key points about the broker:

• Offers binary options and CFD trading for currency pairs, commodities, indices, and cryptocurrencies;
• Provides a proprietary web-based trading platform.

Broker Summary

IQCent has quickly gained attention in the binary options trading world due to its unique offerings and low minimum deposit requirements. Here's a quick summary of what IQCent brings to the table:

Account Types

IQCent offers four different account types plus a demo to cater to various trader needs and experience levels. Each account type comes with its own set of features and benefits. Let's take a closer look at each.

• Bronze: IQCent's entry-level offering, designed for beginners or those who want to start with a small investment
• Silver: suitable for intermediate traders who are looking for more advanced features and prioritized support
• Gold: designed for experienced traders who are ready to invest more and enjoy premium benefits
• VIP: ideal for traders who can meet the high minimum deposit requirement and want to enjoy the most exclusive benefits
• Demo: suitable for testing trading strategies and chart analyses without risking funds and losing money

At the table below, you can see a comparison between different live accounts at a glance:

Registration And Verification

Registering for an IQCent account is necessary for trading on a live account. However, you don't need to open an account for using the demo account. Here's a step-by-step guide to the registration:

1. Visit the IQCent website;

2. You can see the registration form on the right section of the home page;
3. Fill in the form with your personal details, including name, email, and phone number;
4. Choose your account currency and create a strong password;
5. Agree to the terms and conditions and privacy policy;
6. Enter your promo code, if you have any;
7. Click "Sign Up" to complete the registration process.

After registration, you'll need to verify your account in order to withdraw your funds, have more account safety, and get access to some other features. For account verification, follow these steps:

1. Go to your personal cabinet in the broker;
2. Click on your profile icon at the top-right, then click on "settings";
3. Click on "Verification" tab, then click on "START VERIFICATION";
4. Enter your date of birth. You can only enter it once and it cannot be changed later;
5. Select one of the documents, then upload it for verification.

IQCent Commission and Fees

IQCent's fee structure can be different based on region and payment methods, but there is a general form to it.

Depending on the asset, leverage and trade, the commission can vary from 1% to 5%. Also, if your position is transferred to the next day, your account will be charged a swap commission.

Furthermore, for using credit/debit cards such as Master Card or Visa, you will be charged a 5% withdrawal commission from the serving bank.

Cabinet Available Options

The IQCent broker cabinet, or user dashboard, offers several options to help traders manage their accounts effectively:

• Account Overview: View your account balance, open positions, and trading history
• Add funds: Manage your funds easily
• Trading Platform: Access the web-based trading interface
• My trades: Track and manage your open positions and trading history
• Settings: Adjust your account preferences and security settings
• Live chat: Access customer support directly from your dashboard

Usable Indicators And Oscillators In The Platform

IQCent's proprietary trading platform offers a range of technical indicators and oscillators to assist traders in their analysis. Some of the key indicators available include:

• Moving Averages (Simple and Exponential);
• Bollinger Bands;
• Relative Strength Index (RSI);
• Moving Average Convergence Divergence (MACD);
• Stochastic Oscillator;
• Commodity Channel Index (CCI);
• Parabolic SAR;
• Fibonacci Retracement.

Which Payment Methods Can I Use On IQCent?

IQCent offers a variety of payment methods to meet the traders' needs from different regions. Some of the most useful payment options:

• Debit/credit cards including Visa and Mastercard;
• Bank wire transfers;
• Cryptocurrencies such as Bitcoin, Ethereum, etc.

IQCent Copy Trade And Social Trading: Is It Available?

The broker does offer copy trading functionality, which is a valuable feature for both novice and experienced traders. Here's how it works:

• Novice traders can follow and copy the trades of successful traders on the platform;
• Experienced traders can become "signal providers" and earn additional income when others copy their trades;
• The copy trading feature is available on both the web platform and mobile app;
• Traders can choose to copy all trades or set specific parameters, such as maximum trade size or stop-loss levels;
• The platform provides detailed statistics on signal providers, including their success rate and risk level.

Trust Scores

When considering a broker, it's crucial to look at their trust scores and reputation in the trading community. Let's examine IQCent's standing on Trustpilot, as one of the most reputable websites in reviewing. As of the last available information:

• Trustpilot has indicated that IQCent's Trust score is currently unavailable;
• This is due to the company breaching Trustpilot's guidelines, suggesting potential issues with fake or misleading reviews;
• Many user reviews on Trustpilot allege that IQCent is a scam, with complaints about the inability to withdraw funds, trade manipulation, and poor customer service.

Customer Services and Support

Customer support is a crucial aspect of any trading platform. IQCent offers several channels for customer service:

• Live Chat: Available 24/7, with typical response times being short
• Email: support@IQCent.com
• Phone Support: Multiple regional numbers available
• Social Media: Presence on Twitter and Instagram

Support Contact Information And Methods

Here's a detailed breakdown of IQCent's support contact information:

• English Phone number: +1 829 947 6383
• Russian Phone number: +7 499 380 6317
• Australian Phone number: +61 8 5550 7288
• Live Chat: Available directly on the IQCent website

Support Work Hours

IQCent claims to offer 24/7 customer support, which is particularly beneficial for traders operating in different time zones. However, it's worth noting that:

• Phone support hours may vary depending on the specific regional number;
• Response times may be slower during weekends or major holidays.

TF Expert Suggestions

This article reviewed IQCent as a broker for trading in binary options starting from 1 cent orders. "Earn up to 98% in 5 seconds", this is the sentence you see on the home page of this platform's website, stating its payout.

This platform claims that it uses 256-bit SSL encryption for advanced security and extreme protection of clients' funds.

For earning more on this broker, you can invite your friends with the referral program and get 20% of their deposit amount as a bonus after they have funded their trading account.