Trading platforms are the essential needs for any investor or trader. They require the platforms to trade and have sufficient services that would support their trade. In the process we’ll be analysing IQCent brokers.
IQCent broker is a multi-asset trading platform. The company headquarters in the Marshall Islands. It is the first binary options broker that accepts cents in trading. But in all these services what is significant is whether it is a scam or not.
To know that we have an IQCent review to understand whether the platform is genuine or not.
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What is IQCent?
IQCent is a multi-asset brokerage company. It was founded in 2017 and registered at Marshall Islands. The retail trading brand is working under the ownership of Wave Markets Ltd.
The company is offering 24/7 trading services. Traders can access various options with the online brokerage firm and make efficient trades online. The minimum deposit of the platform is $250 and has a minimum trade size of $0.01.
It allows users to invest online in assets with the available trading services.
Is IQCent Scam or Safe?
IQCent is a forex, CFD and binary options broker. It began trading in 2017 and is not regulated by any financial authority. Although the platform has various services, offers cents and binary options, it is not regulated by any authorised regulatory body.
This makes it an unsecure trading platform. Users cannot trust the brokerage firm and make investments with it. Thus, considering IQCent can be risky as it can be a scam online.
Traders can open their trading account and invest with IQCent at their own risk. Also, the company has been controversial due to its regulatory status in the market. So, to decide whether one should trade with it or not, you can further read the IQCent review.
Markets and Products at IQCent
IQCent is working under the trading brand and it operates globally to offer the services. However, the broker is not available to the US clients. Traders of the countries around the world can trade in the given products or services.
They can speculate on more than 100 financial instruments. In these they can use straightforward binary options contracts and leveraged CFDs. Below we have the list of products and markets available at IQCent broker:
- Forex: 40 major, minor and exotic currency pairs
- Stocks: 4 German stocks; Lufthansa, Deutsche,Daimler and BMW
- Cryptocurrencies: 17 cryptos including Bitcoin, Ethereum and Litecoin
- Commodities: Four major commodities including gold, silver, copper and brent crude oil
- Indices: Seven indices available as CFDs such as the US30, S&P 500 and FTSE100
The availability of products to trade is limited. Traders cannot access a wide variety of market instruments to invest at IQCent as per our IQCent review.
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IQCent Overview
| Features | IQCent Broker |
| Founded In | 2017 |
| Headquarters | Majuro, Marshall Islands |
| Regulation | N/A |
| Demo Account | Available |
| Islamic Account | N/A |
| Minimum Deposit | $250 |
| Account Currency | USD, EUR and GBP |
| Spreads | From 0.7 pips |
| Leverage | Up to 1:100 |
| Bonus | Available |
| Inactivity Fees | No |
| Mobile App | Yes |
| US Accepted | No |
| Payment Methods | Bank wire transfer, VISA/Mastercard, Bitcoin, Ethereum, Litecoin and Altcoins |
Deposit and Withdrawals at IQCent
IQCent provides its clients with payment methods to deposit and withdraw funds. They can use them easily and pay a certain fee for the transactions if applicable. Here are the options that traders can have and the time of deposit and withdrawals:
| Method | Transfer Fee | Deposit Time | Withdrawal Time |
| VISA | 5% | Instant | Up to 1 hour |
| Bitcoin | No fee | Instant | Up to 1 hour |
| Ethereum | No fee | Instant | Up to 1 hour |
| Altcoins | No fee | Instant | Up to 1 hour |
Conclusion
IQCent review gives traders a lot of details such as whether it’s a scam or not, deposits and withdrawals and a complete overview. Users can read the review to have a detailed knowledge of the platforms working.
As per our IQCent review, it is a scam as it does not have any authorised body to regulate. In addition, there is no official website available for the traders. It is doubtful to trust the platform and make efficient trading.
