IQCent Review

IQCent is an online binary options and CFD trading platform that allows users to speculate on the price movements of various financial assets. With this broker, traders can invest in Forex 

currency pairs, indices, commodities, and cryptocurrencies through their web-based platform that provides charting, technical analysis tools, and trade execution capabilities.

We have reviewed IQCent’s trading platform based on key parameters like account options, funding and withdrawals, customer support, security features, and promotions. We aim to provide an objective IQCent broker review, making it easier for traders to evaluate if this platform suits their needs.

IQCent CFD and Options Trading Platform

IQCent’s proprietary web-based trading platform aims to provide users with robust tools for technical analysis and convenient options for depositing funds and withdrawing profits.

The platform includes advanced interactive charting with over 100 indicators and drawing tools to analyze asset price trends and patterns. Traders can choose from line, candlestick, and bar charts with flexible timeframes ranging from 5 seconds to 30 minutes. Helpful technical analysis features include price overlays, regression channels, the Fibonacci tool, etc.

IQCent offers over 100 tradable instruments to cater to diverse trading strategies. Available assets include major, minor, and exotic currency pairs and global indices like S&P 500 and USA 30. You can also trade commodities like gold, oil, and leading cryptocurrencies, including Bitcoin, Ethereum and Litecoin. 

Furthermore, the platform has two tradable instruments: CFDs and binary options. With CFDs, IQCent offers traders leverage up to 1:500, providing high risk to reward. For Option trading, traders can earn up to 98% payout when they make the right prediction. The platform also provides copy trading services if you don’t want to stress about active trading.

Traders can deposit via credit cards, bank wire transfers, and crypto-wallets to fund their accounts. The minimum deposit is $20 with the Bronze account. IQCent processes withdrawals within 1 hour to 1 business day. Traders can also cash out profits to their bank accounts or e-wallets.

IQCent Account Tiers: Perks and Features

Our review found that IQCent broker offers four account levels tailored to traders with different experience levels and activities. Each tier unlocks additional features, benefits, and incentives. Here are the features and perks of these Account tiers: 

• Bronze: The Bronze account suits beginner traders looking to hone their skills. The minimum deposit is $20 and includes access to IQCent’s full trading platform and demo account. Bronze traders receive a 20% welcome bonus on deposits up to $250. Customer support is available via email and live chat.
• Silver: The minimum deposit rises to $1,000 at the Silver level. This account tier aims to meet intermediate traders’ needs by providing larger trade sizes and bonuses of up to 50%. Faster withdrawals within 4 hours are available. Silver traders get priority phone and live chat support. Traders also get 50 free rollovers when they purchase the silver account.
• Gold: Experienced traders who deposit a minimum of $5,000 qualify for the Gold account. The major perks are a large 100% welcome bonus and expedited 1-hour withdrawals. A dedicated account manager provides personalized guidance, and exclusive webinars offer advanced education. Gold status also enables 5 risk-free trades and increased profit potential through higher payouts.
• VIP: IQCent’s VIP account is for professional traders able to meet its $50,000 minimum deposit threshold. VIP traders earn the highest 200% welcome bonus. Withdrawals are instant, demonstrating IQCent’s commitment to elite clients. Assigning a personal success manager and rewards up to 3% take the VIP experience to the next level. VIPs also gain access to exclusive tools, events, and prizes.
  

Trading Conditions of IQCent

IQCent broker strives to provide optimal trading conditions to help users maximize success across global financial markets.

Traders can benefit from ultra-tight spreads starting at 0 pips on forex pairs, commodities, indices, and crypto CFDs. This pricing facilitates maximum value on transactions. Leverage up to 1:500 gives larger market exposure to amplify potential gains.

Accurately predicting binary options market direction pays up to 98% returns. IQCent also enables swift withdrawals – profits can land in your account within 15 minutes.

A small overnight swap fee of just 0.07% applies for holding CFD positions beyond market close to account for extended carry costs. To keep CFD trades open, equity must stay above 5% of the initial investment amount; otherwise, positions close automatically, mitigating large losses.

What is IQCent Customer Support Like?

IQCent provides responsive, multilingual customer support through various channels, including live chat, email, and phone. Their customer service team is available 24/7 to assist traders globally. Support is offered in over 15 languages, such as English, Spanish, French, Chinese, and Arabic.

When contacting IQCent’s support via telephone, representatives are prompt to answer calls and aim to pick up within 5 minutes so users do not have to wait on hold for extended periods. The email support team responds to inquiries within a few hours, providing reasonably quick assistance. Queries can be submitted 24/7 via their online contact form.

IQCent also offers convenient live chat access through its trading platform and website. The chat system makes it easy to get answers to questions in real time while logged into an account.

We found that IQCent reviews on platforms like Trustpilot and Sitejabber generally have positive feedback about customer service. The multilingual team appears helpful in resolving issues promptly across the various contact methods. IQCent seems committed to ensuring traders can obtain timely assistance when needed

Is Your Money Safe?

IQCent uses SSL encryption and other protocols to secure data transmission and account access. Their website and trading platforms utilize 256-bit SSL encryption to scramble information sent between a user’s browser and IQCent’s servers. This helps prevent unauthorized access to sensitive data.

The broker also stores client funds in segregated accounts at top-tier banks. This separation of company funds from client deposits reduces trading risks and ensures trader money remains protected in the unlikely event of broker insolvency.

Traders must set a personalized password when opening an IQCent account. Requiring this extra login credential on top of the username helps restrict account access for additional safety. You can further protect your account with Google authentication.

IQCent Incentives for Traders

The broker’s generous welcome bonus gives new users a trading credit equal to up to 100% of their initial deposit. How much bonus you get depends on your account type. This added capital allows traders to maximize potential profits right from the start.

IQCent also frequently runs exciting giveaway contests where traders can win high-value tech prizes like iPads and iMacs.

To qualify for contest entry, you must meet certain benchmarks for minimum deposit amounts within a set timeframe. The chance to earn lavish gadgets creates a major incentive to fund and trade accounts actively.

For excitement, regardless of profits or losses, IQCent hosts a weekly $20,000 trading contest. All traders are automatically entered into the competition when they execute trades in their account that week.

The top percentile of participants with the highest trading volume by week’s end share the $20,000 prize fund. This contest motivates greater trading action.

IQCent further sweetens the deal by offering generous referral bonuses. You can invite friends, family, or colleagues to open accounts and receive 20% of their initial deposit.

This incentive aims to grow IQCent’s customer base while rewarding you for every new trader who signs up through your referral link.

What are the Pros and Cons of trading with IQCent?

Like every other broker, IQCent has its fair share of advantages and drawbacks. Here are the pros and cons of trading with IQCent:

Pros

• Competitive pricing – IQCent offers ultra-tight spreads at 0 pips on certain markets. This helps maximize the value of trading transactions.
• High leverage – Leverage up to 1:500 is available, providing traders greater market exposure for potentially amplified gains.
• Fast withdrawals – Withdrawals can be processed in as little as 15 minutes, allowing quick access to trading profits.
• User-friendly platforms – IQCent’s web and mobile platforms are intuitive, with robust tools for analysis and trade execution.
• Wide asset selection – Traders can diversify across forex, indices, commodities, stocks, and cryptocurrencies.
• Active trader rewards – IQCent offers cash rebates, reduced fees, and other benefits for high-volume traders.

Cons

• Limited research – Educational resources and trading research from IQCent is lacking compared to some competitors.
• High overnight fees – While competitive, swap fees for holding overnight CFD positions remain relatively high.

Final Verdict: Our Conclusion on IQCent

Overall, our review finds that IQCent provides a competitive offering in the online trading space. Key advantages include low-cost pricing, fast withdrawals, and user-friendly trading platforms supporting analysis and execution.

The variety of tradable assets, account tiers with increasing benefits and multilingual customer service are also pros for IQCent. Their focus on serving active traders is evident in the features and incentives offered.

Downsides to consider are the lack of comprehensive educational resources, high inactivity fees, and more limited customer support during off-hours. However, for traders primarily focused on real-time market access and nimble order execution, these cons may hold less importance.

FAQs

Does IQCent offer a demo trading account?

Yes, IQCent provides a free demo account with virtual funds. This helps traders test strategies risk-free before live trading.

Can I trade on IQCent using my mobile phone?

Yes, IQCent offers browser-based mobile trading apps for iOS and Android. You can monitor markets and execute trades from smartphones and tablets.

How Can I Sign Up?

Click on “Open an account” and fill in the necessary information to become a member. These include your email, name, password, phone number, and preferred account currency. Please check that the information you send is right and up to date.