IQCent vs Quotex
IQCent or Quotex: Which one should you choose? Our side-by-side analysis will help you determine the best fit for your trading goals.
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.
IQCent vs Quotex Details
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IQCent
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Quotex
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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 2019, Quotex is a binary broker providing over 400 assets like forex, stocks, indices, commodities, and cryptocurrencies. The platform focuses on user-friendly features, offering short-term contracts from 5 seconds to 4 hours, with payouts up to 95%. | |
| 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 | Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Mastercard, Visa, Wire Transfer | Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Mastercard, Visa |
| Minimum Trade | $0.01 | $1 |
| Regulator | IFMRRC | |
| 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 | 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. | Quotex provides a comprehensive trading app with useful tools like dynamic charting and built-in signals. It mirrors the user-friendly design of the desktop platform, ensuring easy use on computers, tablets, or mobile devices. The app's light and dark modes offer flexibility. |
| 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. | |
| Social Trading | ✓ | ✗ |
| Trade Signals | Daily Trading 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 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 | 49 | 40+ |
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. | Quotex offers trading on only three cryptocurrencies, including top tokens like Bitcoin and Dogecoin. Despite the limited selection, our latest tests show above-average payouts on these digital currencies. | |
| Spread | Variable | N/A |
| Coins | BTC, ETH, LTC, ETC, DOGE, MATIC, QNT, SOL, XRP, USDT, XMR, BNB | BTC, DOGE, PEPE |
| 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. | Quotex remains a leader in the industry with short-term binaries on over 400 assets and payouts up to 95%. The company offers a web platform with an easy-to-use design, various chart styles, numerous indicators, and daily signals to assist traders. | |
| Payout | 98% | 95% |
| Expiry Times | 5 seconds - 1 month | 5 seconds - 4 hours |
| Ladder Options | ✗ | ✗ |
| Boundary Options | ✗ | ✗ |
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