IQCent vs Pocket Option
Is it better to trade with IQCent or Pocket Option? We compare these two brokers to assist you in making the best choice for your trading experience.
IQCent and Pocket Option differ in their minimum deposit requirements, with IQCent needing $250 and Pocket Option needing just $50. This makes Pocket Option more accessible for new traders. Both brokers have their regulatory weaknesses, lacking oversight from trusted financial bodies, which may pose risks for traders. In terms of platforms, IQCent offers one proprietary solution that integrates with TradingView, while Pocket Option provides a beginner-friendly web platform and access to MT4 and MT5.
IQCent and Pocket Option both offer welcome bonuses, yet they come with challenging conditions. Demo accounts are available on both platforms but only Pocket Option offers them without a prior deposit. For trade fees, Pocket Option charges no inactivity fees, unlike IQCent, which also has a higher deposit requirement.
Pocket Option’s education resources outperform IQCent’s with diverse materials and easy-to-follow guides. However, IQCent compensates by offering better payout rates across different markets, with some reaching up to 98%. Pocket Option has higher payouts for certain users based on account tier but generally lower than IQCent’s.
Regulation & Trust
Both brokers lack strong regulatory backing. IQCent is overseen by the International Financial Market Relations Regulation Center, and Pocket Option by the Mwali International Services Authority. While both have been operating since 2017, the lack of reputable regulation means traders should proceed cautiously.
Accounts & Banking
IQCent offers four account types with a minimum deposit starting at $250, which may be high for beginners. Pocket Option’s account types begin at $50, making the broker more accessible. Both brokers offer perks as traders upgrade their account status.
Live Account
IQCent’s account types cater to traders with varying deposit capacities, providing perks like payout boosts and deposit bonuses. Pocket Option also offers account tiers, with more benefits as you deposit more. However, initial entry with Pocket Option is easier with just a $50 requirement.
Deposits & Withdrawals
IQCent accepts cards and cryptos for deposits and requires a $50 minimum withdrawal. Pocket Option supports over 30 methods, including local solutions and cryptos, with no fees and just a $10 minimum withdrawal. Both brokers avoid fees on transactions.
Bonuses & promotions
IQCent offers deposit bonuses, maxing out at 200%. Conditions are stringent, needing a turnover of three times the deposit plus bonus. Pocket Option has a 50% welcome bonus with high turnover requirements before profits can be withdrawn.
Demo Account
IQCent requires an account opening and minimum deposit to access demo features, contrasting with Pocket Option’s straightforward demo access without registration or deposit.
Assets & Markets
IQCent offers 115+ assets, focusing mainly on forex, commodities, cryptos, and indices, lagging behind many competitors. Pocket Option provides 130+ instruments, expanding to 250+ with a $1000 deposit. Notably, Pocket Option includes stocks and broader options once higher tiers are unlocked.
Fees & Costs
IQCent highlights zero commissions on binaries with competitive spreads on CFDs. Pocket Option avoids deposit, withdrawal, and inactivity fees but might lack for crypto traders. Payouts with IQCent can reach 98%, edging out Pocket Option’s maximum of 92%.
Payouts
IQCent boasts top-tier payouts, reaching up to 98% on successful trades. Pocket Option’s payouts top at 92%, varying by trading tier and asset.
Platforms & Tools
IQCent’s platform integrates with TradingView for enhanced charting. Pocket Option’s web platform is user-friendly and suits beginners. Pocket Option also offers MT4/MT5, though not the full charting suite. Both brokers provide social or copy trading elements.
Research
IQCent embeds research through TradingView, offering basic insights and an economic calendar. Pocket Option provides better-integrated analysis tools within MT4/MT5 and an Android-only Analytics app, albeit with limited asset focus.
Education
IQCent’s education ratings are low, with a third-party blog that lacks engagement. Pocket Option excels here, with workshops and visual guides.
Customer Support
IQCent offers 24/7 chat but the service quality could be better. Pocket Option restricts live chat to those who’ve deposited money, providing phone and email support otherwise.
Should You Trade With IQCent?
IQCent offers competitive payouts and integrated TradingView charts. However, the high minimum deposit and limited demo use may deter beginners.
Should You Trade With Pocket Option?
Pocket Option delivers appealing services for beginners with its $50 deposit and easy demo access. More demanding traders might find its asset range and payouts lacking for certain trades.
Is IQCent or Pocket Option Better For Beginners?
Pocket Option is better for beginners due to its low entry point at just $50, easy demo access, and user-friendly platform. Its educational resources provide ample support for novices without needing extensive prior investment.
Is IQCent or Pocket Option Better For Experienced Traders?
Experienced traders might favor IQCent for its higher payout rates and TradingView integration, allowing for advanced charting capabilities. Although the asset range is limited, the CFD offerings cater to sophisticated strategies with high leverage.
Why Pick IQCent Over Pocket Option?
Choose IQCent if high payout potential is crucial, as it offers up to 98% returns. Its integration with TradingView enhances the trading experience for those who need in-depth market analysis and charting capabilities not fully matched by Pocket Option.
Why Pick Pocket Option Over IQCent?
Opt for Pocket Option for its lower financial barrier with just $50 to start, diverse payment options, and extensive social trading features. Pocket Option is user-friendly, making it a sound choice for beginners and those valuing versatility in payment methods.
IQCent vs Pocket Option Details
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IQCent
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Pocket 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. | Founded in 2017, Pocket Option is a binary options broker that offers high/low contracts for forex, stocks, indices, commodities, and cryptocurrencies. The platform has more than 100,000 active users worldwide, making it a favored choice for up-and-coming traders. | |
| Instruments | Binary Options, CFDs, Forex, Indices, Commodities, Crypto | Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $250 | $50 |
| Trading Platforms | Online Platform, TradingView | Web, MT4, MT5 |
| Payment Methods | Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Mastercard, Visa, Wire Transfer | Airtel, Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, FasaPay, JetonCash, Maestro, Mastercard, Perfect Money, Visa, Volet, WebMoney, Wire Transfer |
| Minimum Trade | $0.01 | $1 |
| Regulator | IFMRRC | MISA |
| Account Currencies | USD, EUR | USD |
| Trust Rating | ||
| Assets & Markets Rating | ||
| Platforms Rating | ||
| Fees & Costs Rating | ||
| Customer Support Rating | ||
| Education Rating | ||
| Research Rating | ||
| Accounts & Banking Rating | ||
| Mobile Apps | iOS & Android | iOS & Android |
| 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. | Pocket Option provides an outstanding trading experience on mobile and tablet browsers without requiring a specific app. Users can conveniently adjust charts using the top settings, and make trades with a single click using the 'higher' and 'lower' end buttons. The design adapts perfectly to landscape mode, matching the desktop format for a consistent user experience. |
| Android App Rating | ||
| iOS App Rating | ||
| Awards |
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| Margin Trading | ✓ | ✓ |
| 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. | Pocket Option offers a simple social trading service. On the platform, you can use the 'Top Ranked Trades' leaderboard to find traders to follow. This service is available 24/7 and includes active community chats. Tip: Look at the number of trades and profits over several months instead of just a few days. |
| Social Trading | ✓ | ✓ |
| Trade Signals | ✓ | |
| VPS Hosting | ✗ | ✗ |
| Tournaments | ✓ | ✓ |
| Demo Competitions | ✗ | ✗ |
| Ethical Investing | ✗ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $10 | $0 |
| 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. | ||
| Leverage | 1:500 | |
| FTSE Spread | 1.4 | |
| GBPUSD Spread | 0.8 | |
| Oil Spread | 0.05 | |
| Stocks Spread | N/A | |
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. | You can buy binary and OTC options on over 40 currency pairs. If you deposit $1000, you'll have access to more than 55 currency pairs. The average payout is 81%, with a minimum trade of only $1, which is great for new forex traders. Experienced traders can also access the MT4 and MT5 platforms. | |
| GBPUSD Spread | 0.8 | N/A |
| EURUSD Spread | 0.3 | N/A |
| EURGBP Spread | 0.8 | N/A |
| Assets | 49 | 55+ |
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. | Pocket Option provides a moderate selection of over 10 digital currencies such as Bitcoin and more than 65 tokens for a deposit of $1000. The platform includes an analytics tool that helps identify opportunities. Its daily signals service simplifies the process of responding to short-term crypto trading chances. | |
| Spread | Variable | N/A |
| Coins | BTC, ETH, LTC, ETC, DOGE, MATIC, QNT, SOL, XRP, USDT, XMR, BNB | BTC, ETH, BCH, LINK, AAVE, ALGO, TLM, ALPP, ANT, AVAX, AXS, BNB, ADA, CHZ, COMP, ATOM, DASH, MANA, DGB, DOGE, ENJ, EOS, FIL, GLMR, ILV, ICP, KAVA, LTC, MKR, MASK, MIOTA, XMR, ALICE, NEAR, NEO, NULS, OMG, DOT, MATIC, QTUM, REEF, XRP, SANTOS, SC, SOL, STX, XLM, STORJ, DATA, SUN, XTZ, SAND, THETA, TRX, UNI, VET, WAVES, YFI, YGG, ZEC |
| 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. | Pocket Option provides fast-paced binary options, starting from 5 seconds, on an easy-to-use online platform. They offer impressive payouts of over 90% with added 'Double Up' and 'Rollover' options for more profit chances. However, their range of over 130 assets falls short when compared to brokers such as Quotex who offer more than 400. | |
| Payout | 98% | 92% |
| Expiry Times | 5 seconds - 1 month | 5 seconds - 4 hours |
| Ladder Options | ✗ | ✗ |
| Boundary Options | ✗ | ✗ |
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