IQCent Withdrawal Problems include users must meet a 3x turnover requirement on their deposit to avoid a 20% commission fee.
Additionally, the Tether TRC20 transfer fee is 27 TRX, which is high.
Detailed Breakdown of IQCent Withdrawal Issues
As with many platforms, IQCent Binary Broker comes with some problems in withdrawals; IQCent Payout Issues:
- Limited Withdrawal Methods
- Minimum Withdrawal Amount
- Turnover Requirement
- Commission & Fees
#1 IQCent Limited Withdrawal Methods
- IQCent only allows withdrawals in Bitcoin (BTC) and Tether (TRC20;)
- Other standard payment methods, such as bank transfers and credit cards, are unavailable.
#2 IQCent Minimum Withdrawal Amount
- The minimum withdrawal for Tether TRC20 is $50 (high, compared to some rivals;)
- BTC withdrawal limits may vary depending on the network fees.
#3 IQCent Turnover Requirement
- As with many Binary Option Brokers, users must trade at least 3 times their deposit before withdrawing from IQCent;
- If this requirement is unmet, a 20% commission fee is deducted from the withdrawal amount.
#4 IQCent Commission & Fees
- A 20% fee applies if the turnover requirement is not fulfilled;
- The Tether TRC20 withdrawal fee is 27 TRX per transaction!
Conclusion and Final Words
IQCent withdrawal problems are not limited to only fees and turnover conditions.
Unlike the IQCent Alternatives, the broker only supports 2 withdrawal options (BTC and Tether TRC20) with a minimum withdrawal of $50 for Tether. To learn more about the platform, check out the IQCent Tutorials page. See educational videos on TradingFiner's YouTube Channel.
