IQCent vs IQ Option
Are IQCent and IQ Option equally matched? We analyze both brokers to assist you in selecting the best option for your trading strategy.
IQCent and IQ Option are both online trading platforms with differences in regulation, account options, asset offerings, fees, and platform usability. IQCent is not as well-regulated as IQ Option, standing out for its high payout rates and absence of deposit and withdrawal fees, but its high minimum deposit is a downside. IQ Option offers an accessible entry with a low minimum deposit, multiple trading accounts, and a strong regulatory background, but it lacks the bonus offerings seen with IQCent. IQ Option provides a more comprehensive and user-friendly trading platform, including a mobile app, setting it apart from IQCent, which lacks a dedicated app.
Regulation & Trust
IQCent is registered offshore with weak regulatory oversight from IFMRRC. On the other hand, IQ Option is based in Saint Vincent and the Grenadines and is considered a reliable broker with a strong regulatory framework. Traders might feel safer with IQ Option given its extensive registration and trustworthiness.
Accounts & Banking
IQCent requires a high minimum deposit of $250 and offers up to 200% deposit bonuses with its account tiers, whereas IQ Option only requires a $10 minimum deposit and does not offer bonuses, focusing on competitive low-cost trading. IQ Option allows easy entry for new traders without the need for high deposits.
Assets & Markets
IQCent provides limited access to 115+ instruments including cryptos, binary options, and CFDs, with up to 98% payouts. IQ Option offers a broader selection of 300 assets, such as currency pairs, stocks, and cryptocurrencies. IQ Option offers more choices for traders seeking a diverse portfolio.
Platforms & Tools
IQCent has a basic proprietary platform with TradingView integration, ideal for beginners, but lacks a dedicated mobile app. IQ Option’s proprietary platform is designed for both CFD and binary options trading with technical indicators and a mobile app, offering flexibility. IQ Option has the advantage with a comprehensive trading toolset and mobile application.
Fees & Costs
IQCent boasts zero-commission trading for binaries but carries inactivity fees. Meanwhile, IQ Option is transparent with variable spreads, commission on some trades, and costs for inactive accounts. Both platforms have unique fee structures that depend on trading style and frequency.
Customer Support
IQCent offers 24/7 support with fast response times but lacks depth in addressing complex issues. IQ Option provides 24/7 multilingual customer support through various channels like email and live chat. The support experience is generally more robust with IQ Option.
Deposit & Withdrawal
IQCent offers fee-free deposits and withdrawals but has a higher minimum withdrawal limit. IQ Option supports a variety of funding methods without fees for one withdrawal per month, and fees beyond that. IQ Option provides more options and flexibility for deposits and withdrawals globally.
Is IQCent or IQ Option Better For Beginners?
IQ Option is better for beginners, with its low minimum deposit and free demo account. The user-friendly platform and strong support also make it a good starting point for new traders. IQ Option’s offering builds comfort and confidence for novices in trading.
Is IQCent or IQ Option Better For Experienced Traders?
Experienced traders may find IQCent appealing with its high leverage and competitive payout rates, especially in binary options. IQ Option also caters to experienced traders with its broad asset range and advanced trading tools. Both brokers have merits, but IQ Option’s comprehensive regulations may provide an added security factor.
Why Pick IQCent Over IQ Option?
Pick IQCent for its competitive binary options payouts and bonuses for higher-tier accounts. The integration with TradingView benefits technical traders, and it’s practical for those focusing on short-term trading strategies. Its fee-free deposits and withdrawals may also be appealing to cost-conscious traders.
Why Pick IQ Option Over IQCent?
Choose IQ Option for its lower starting costs, wider range of assets, and robust platform options, including a mobile app. It grants safer trading due to its regulation and diverse account types. The platform’s continuous growth in asset classes ensures it stays competitive and adaptive to market trends.
IQCent vs IQ Option Details
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IQCent
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IQ Option
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IQCent, an offshore broker located in the Marshall Islands, provides binary options and CFD services. The brand offers various account types with unique benefits such as enhanced payouts, TradeBacks, and complimentary rollovers. With access to over 100 assets, continuous trading capability, and up to 98% payouts, IQCent is favored among traders. | IQ Option is a reliable broker offering diverse asset trading on its easy-to-use platform. It supports trading in forex, stocks, cryptocurrencies, indices, commodities, and ETFs with reasonable fees and a variety of additional features and educational materials. Opening an account requires only a $10 deposit. | |
| Instruments | Binary Options, CFDs, Forex, Indices, Commodities, Crypto | CFD, Forex, Crypto, Stocks, Digital Options |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $250 | $10 |
| Trading Platforms | Online Platform, TradingView | Own |
| Payment Methods | Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Mastercard, Visa, Wire Transfer | Alipay, Boleto, Credit Card, GlobePay, Maestro, MoneyGram, Perfect Money, QIWI, Skrill, Sofort, Vietcombank Transfer, Volet, Wire Transfer, Yandex Money |
| Minimum Trade | $0.01 | 0.001 Lots |
| Regulator | IFMRRC | |
| Account Currencies | USD, EUR | USD, EUR, GBP, ZAR |
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| Mobile Apps | iOS & Android | iOS, Android and Windows |
| App Review | IQCent provides accessible mobile trading through key browsers, featuring an easy-to-use design. Users can manage their accounts, view assets, and execute binary trades with simple clicks. There is a straightforward link to the copy trading feature, as well links to interactive charts that users can zoom into. | IQ Option offers an easy-to-use mobile app for trading. It provides forex trading and unique trading instruments on a reliable and well-structured platform suitable for short term trades. The recent upgrades have unified the interface of both the web trader and mobile platform for a seamless transition between the two. |
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| Margin Trading | ✓ | ✓ |
| Margin Rate | 0.2% | |
| AI / Machine Learning | ✗ | ✗ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✗ | ✓ |
| Market Maker | ✗ | ✓ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✗ | ✗ |
| Auto Trading | ✗ | |
| Copy Trading | ✓ | ✗ |
| Copy Trading Platform | A copy trading service is built directly into the broker's online platform. This service lets you follow and repeat the transactions of up to 10 experienced traders. Its strength is its simplicity - you just choose your investment amount and select 'copy'. However, there are drawbacks, including a small selection of advanced traders and limited past performance data which can reduce reliability. | |
| Social Trading | ✓ | ✗ |
| VPS Hosting | ✗ | ✗ |
| Tournaments | ✓ | ✓ |
| Demo Competitions | ✗ | ✗ |
| Ethical Investing | ✗ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $10 | |
| Islamic Account | ✗ | ✓ |
CFD Trading | ||
CFDs can be traded on forex, indices, commodities, and cryptocurrencies. However, the selection of over 100 instruments is smaller compared to other options like Quotex which offers over 400. Leverage can be obtained up to 1:500. However, a minimum deposit of $250 is required which is significantly higher compared to other trading platforms. | IQ Option mainly offers Contracts for Difference (CFDs) that cover stocks, forex, and cryptocurrencies, among other markets. Leverage aligns with EU limits, reaching up to 1:30 on significant forex pairs and lower on volatile assets. There's no commission on trades, and they incorporate floating spreads. The company offers an acclaimed platform for clients. | |
| Leverage | 1:500 | 1:500 |
| FTSE Spread | 1.4 | |
| GBPUSD Spread | 0.8 | 1 |
| Oil Spread | 0.05 | 2.3 |
| Stocks Spread | N/A | 2 |
Forex Trading | ||
IQCent offers its traders the ability to trade with Contracts for Difference (CFDs) or binary options on over 45 forex pairs. The starting point for CFD spreads is 0.3 pips, while binary options payouts can reach up to 95%. In comparison to other companies, such as Pocket Option which only offers forex payouts up to 81%, IQCent's offering is competitive. | IQ Option allows trading on 24 forex assets, including major and minor pairs. EU traders can utilize a maximum of 1:30 leverage as per local rules. The broker provides trades without commission, but the spreads are high, making this not their strongest point. | |
| GBPUSD Spread | 0.8 | 5 pips |
| EURUSD Spread | 0.3 | 14 pips |
| EURGBP Spread | 0.8 | 15 pips |
| Assets | 49 | 60+ |
Cryptocurrency | ||
IQCent provides 17 cryptocurrency pairs on its unique platform, including Bitcoin, Ethereum, and Litecoin. The leverage for crypto CFDs is limited to 1:10, while the payouts for binary options may change depending on the token but are still competitive. For example, OTC assets offer up to a 95% payout. | IQ Option is a top cryptocurrency broker. They provide a variety of digital currency markets, such as Bitcoin, Ethereum, and Cardano, along with multipliers. They offer leverage up to 1:2, variable spreads, and no commission fees. Their user-friendly trading software is also appreciated by novice traders. | |
| Spread | Variable | BTC 7%, ETH 12% (Var) |
| Coins | BTC, ETH, LTC, ETC, DOGE, MATIC, QNT, SOL, XRP, USDT, XMR, BNB | BTC, TRX, XRP, BCH, ETH, EOS, OMG, ETC, QTUM, ZEC, LTC, DASH |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |
Binary Options | ||
IQCent provides binary options that can yield up to 98% payouts. This broker offers an online platform that includes fundamental analysis tools and supports a broad variety of timeframes, from 1 minute to 1 month, to accommodate both short and long term trading strategies. However, it's important to note that it does not offer binary options on stocks. | IQ Option is a highly ranked broker for binary options and digital trading. It provides a user-friendly platform for trading with a minimal initial deposit. Just predict if an asset's price will increase or decrease to earn a predetermined payout of up to 90% or more. | |
| Payout | 98% | 91% |
| Expiry Times | 5 seconds - 1 month | |
| Ladder Options | ✗ | ✓ |
| Boundary Options | ✗ | ✓ |
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