IQCent vs Quotex
Which broker is better: IQCent or Quotex? We break down their offerings to help you select the right trading platform for your needs.
IQCent and Quotex are both binary options brokers with distinct offerings. IQCent, established in 2017, has more experience in the market than Quotex, founded in 2019. However, both brokers lack strong regulatory credentials, with IQCent having a slightly longer track record. Their weaknesses in regulation are a concern for protective measures like client compensation in case of insolvency.
IQCent offers multiple account types and bonuses, but requires a high minimum deposit of $250, which may deter beginners. In contrast, Quotex has a single account type with a low minimum deposit of $10, attracting new traders. Quotex also provides a wider selection of assets, giving traders more opportunities across different markets compared to IQCent’s limited range.
For trading tools, IQCent integrates TradingView for advanced charting, appealing to experienced traders. Quotex, however, focuses on simplicity, with a platform that suits beginner and intermediate traders. Both brokers have competitive payouts, although Quotex advertises slightly lower rates on some assets.
Regulation & Trust
Both IQCent and Quotex are unregulated, raising trust concerns. IQCent has been around since 2017, longer than Quotex. Despite this, both are risky due to the lack of financial safeguards against insolvency. IQCent and Quotex require you to trust their capabilities and reputation rather than regulatory backing.
Accounts & Banking
IQCent offers multiple account types, providing perks like higher payout boosts for larger deposits. The minimum deposit is high at $250, potentially deterring new traders. Quotex, on the other hand, simplifies this by offering a single account with an accessible $10 minimum deposit. This makes Quotex more beginner-friendly.
Deposits & Withdrawals
IQCent and Quotex offer fee-free deposits and withdrawals. IQCent requires a $50 minimum withdrawal, while Quotex’s minimum is $10. Both brokers support card payments and cryptocurrencies, although Quotex has a better variety of options, such as e-wallets.
Welcome Bonus
IQCent offers bonuses up to 200% based on deposit size, with steep withdrawal terms. Quotex provides a 30% bonus on deposits of $100+, requiring trades worth 100x the bonus for withdrawals. Consider the feasibility of meeting these conditions before choosing based on bonuses.
Demo Account
Quotex offers a free, easily accessible demo account, ideal for practice. IQCent requires a live account to access their demo version, demanding at least a $250 deposit. For risk-free trials, Quotex is the better option.
Assets & Markets
IQCent has around 115+ instruments, while Quotex boasts more than 400. Quotex offers a diverse array of assets, including stocks, which IQCent lacks. For more trading opportunities, Quotex is preferable.
Fees & Costs
IQCent charges no deposit or withdrawal fees but imposes a $10 inactivity fee monthly. Quotex has no trading or non-trading fees, making it a cost-effective choice for those who trade less frequently.
Platforms & Tools
IQCent offers a proprietary platform integrated with TradingView for advanced charting, enhancing its appeal to experienced analysts. Quotex provides a straightforward platform favored by beginners. Beginners might enjoy Quotex, while IQCent’s platform supports more sophisticated trading strategies.
Customer Support
IQCent has 24/7 live chat and offers email support, although agent knowledge can be limited. Quotex offers an in-platform form and FAQ section, but lacks live chat. For quick support, IQCent may be more responsive, but their technical issues can be a concern.
Is IQCent or Quotex Better For Beginners?
Quotex is better for beginners because of its low $10 minimum deposit and user-friendly platform. The easy-to-navigate platform and free demo account make it accessible for those new to trading. Conversely, IQCent’s high deposit and demo restrictions are less beginner-friendly.
Is IQCent or Quotex Better For Experienced Traders?
IQCent is suitable for experienced traders due to its TradingView integration and diverse trade settings. These features offer advanced charting tools, which experienced traders can leverage for in-depth analysis. While Quotex is easier to use, it’s less equipped for complex trades.
Why Pick IQCent Over Quotex?
IQCent is ideal if you need advanced tools and high leverage for CFDs, along with exceptional payout potential through its tiered account system. The TradingView charting gives an edge in technical analysis, beneficial for strategic trading.
Why Pick Quotex Over IQCent?
Quotex offers a wider range of assets and lower trading costs, which is great for cost-conscious traders. The platform is intuitive, perfect for those looking to start trading binaries with lower barriers. It’s also fitting if you prioritize ease-of-use and quick access to a demo account.
Compare IQCent and Quotex Details
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IQCent
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Quotex
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IQCent is an offshore binary options and CFD broker in the Marshall Islands. It offers various account types with benefits like payout boosts, TradeBacks, and free rollovers. With over 175 assets, 24/7 trading, and 98% payouts, the firm attracts aspiring short-term traders. | Founded in 2019, Quotex is a broker providing over 100 assets such as forex, stocks, indices, commodities, and cryptocurrencies. The platform focuses on ease of use, offering contract durations from 5 seconds to 4 hours and payouts up to 98%. | |
| Instruments | Binary Options, CFDs, Forex, Indices, Commodities, Crypto | Binary Options on Stocks, Indices, Forex, Commodities, Cryptos |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $250 | $10 |
| Trading Platforms | Online Platform, TradingView | Web Platform |
| Payment Methods | American Express, Apple Pay, Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Google Wallet, Mastercard, Visa, Wire Transfer | Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Mastercard, Visa |
| Minimum Trade | $0.01 | $1 |
| Account Currencies | USD, EUR | USD, EUR, GBP, INR, JPY, MYR, IDR, RUB, BRL, NGN, THB, VND, UAH |
| Trust Rating | ||
| Assets & Markets Rating | ||
| Platforms Rating | ||
| Fees & Costs Rating | ||
| Customer Support Rating | ||
| Education Rating | ||
| Research Rating | ||
| Accounts & Banking Rating | ||
| Mobile Apps | iOS & Android via mobile web trader | Android, iOS via progressive web app |
| App Review | IQCent provides mobile trading via major browsers with a user-friendly design. You can easily manage your account, view assets, and trade binaries in a few clicks. Access to the copy trading feature at the bottom is convenient, and the interactive charts allow pinch-to-zoom functionality. | Quotex provides a comprehensive trading app with useful tools like dynamic charting and built-in signals. It maintains the same user-friendly design as the web platform, ensuring ease whether you're on a computer, tablet, or phone. The app also features customizable light and dark modes. |
| Android App Rating | ||
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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 into IQCent's web platform, allowing you to follow and replicate the trades of up to 10 experienced traders. It is user-friendly; you just select your investment amount and click 'copy.' However, the selection of master traders is smaller, and there is less data on past performance compared to other binary firms, making it less reliable. | Quotex offers binary copy trading with a platform tab showing recent trades from other users. Users can replicate experienced traders on this established platform. However, our tests found limited data on copy traders and their strategies, so caution is needed. |
| Social Trading | ✓ | ✗ |
| Trade Signals | Daily Trading Signals | |
| VPS Hosting | ✗ | ✗ |
| Tournaments | ✓ | ✓ |
| Demo Competitions | ✗ | ✗ |
| Ethical Investing | ✗ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $10 | 1% of daily balance (min $1/day) after 180 days of inactivity |
| Islamic Account | ✗ | ✗ |
CFD Trading | ||
CFDs can be traded on forex, indices, commodities, and cryptos, though with only 175+ instruments, it offers fewer options than alternatives like Quotex, which offers 400+. Leverage goes up to 1:500, but the minimum deposit of $250 is higher than many competitors. | ||
| Leverage | 1:500 | |
| FTSE Spread | 1.4 | |
| GBPUSD Spread | 0.8 | |
| Oil Spread | 0.05 | |
| Stocks Spread | N/A | |
Forex Trading | ||
IQCent offers binary options on over 55 forex pairs, including exotics like MXN and HUF, added in 2025. Payouts on these options can reach up to 95%. The web-based platform is advanced and user-friendly, making it accessible for new traders. | You can trade binary options on over 40 currency pairs, including major, minor, and exotic ones. While this is fewer forex assets than some competitors offer, payouts are competitive, reaching over 80% for EUR/USD in tests. | |
| GBPUSD Spread | 0.8 | N/A |
| EURUSD Spread | 0.3 | N/A |
| EURGBP Spread | 0.8 | N/A |
| Assets | 55+ | 40+ |
Cryptocurrency Trading | ||
IQCent provides various crypto binary assets paired with USDT, from Bitcoin to Trump hype, offering payouts up to 1500%, the highest on any binary platform. The combination of OTC and non-OTC crypto binaries guarantees 24/7 trading, and the platform performed quickly with minimal delay in our recent tests. | Quotex provides binary options trading for a select few major cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. It stands out for high crypto payouts, reaching 94% on Bitcoin during peak times in our tests. The platform is user-friendly for beginner crypto binary traders. | |
| Crypto Spread | Variable | N/A |
| Crypto Coins | BTC, ETH, LTC, ETC, DOGE, MATIC, QNT, SOL, XRP, USDT, XMR, BNB | BTC, ETH, LTC |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |
Binary Options Trading | ||
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. | Quotex remains a leading firm, offering ultra-short-term binary options on over 400 assets with payouts up to 98%. The company provides a web platform with a smooth user experience, clean design, various chart styles, numerous indicators, and daily trading signals. | |
| Payout | 98% | 98% |
| Expiry Times | 5 seconds - 1 month | 5 seconds - 4 hours |
| Ladder Options | ✗ | ✗ |
| Boundary Options | ✗ | ✗ |
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