IQCent review: An Objective Look at The Trading Platform
With the rise in popularity of online trading, it’s important to carefully evaluate brokers before opening an account. So, is IQCent legit or a scam platform that offers trading currencies, stocks, cryptos, and more? This objective IQCent review provides key details on their services to help you decide. We cover account tiers, trading conditions, incentives, pros/cons, and more.
What is IQCent
IQCent is an online trading platform that allows users to speculate on the price movements of various financial assets like forex, indices, commodities, and cryptocurrencies. The company offers a web-based platform with advanced charting, analysis tools, and trade execution capabilities.
Trading Instruments and Account Tiers
IQCent provides two tradable instruments — CFDs and binary options. With CFDs, traders get leverage up to 1:500 for high-risk/reward potential. You can earn up to 98% returns for binary options if your directional prediction is accurate.
The IQCent broker offers four account tiers — Bronze, Silver, Gold, and VIP. Each level has minimum deposit requirements, unlocking additional features and benefits like bonuses, faster withdrawals, and dedicated account management. Here is an overview of these account types and their features:
- Bronze: Minimum deposit $20. Welcome bonus up to 20%, full platform access, and email support.
- Silver: Minimum deposit of $1,000. Bonuses up to 50%, priority phone/chat support, 50 free rollovers.
- Gold: Minimum deposit of $5,000. 100% welcome bonus, 1-hour withdrawals, 5 risk-free trades.
- VIP: Minimum deposit of $50,000. 200% welcome bonus, instant withdrawals, personal success manager.
Trading Conditions and Incentives
Key trading conditions include ultra-tight spreads from 0 pips and up to 1:500 leverage. IQCent charges a small overnight swap fee of 0.07% on CFDs.
Incentives include generous deposit bonuses, tech prize contests, a weekly $20,000 trading competition, and referral bonuses. These aim to attract active traders.
Security and Customer Support
The IQCent app uses SSL encryption and stores funds in segregated accounts for security. Support options include 24/7 live chat, email, and phone assistance in 15+ languages.
Pros and Cons
Like with any broker, trading IQcent Forex &CFDs or binary options comes with its advantages and drawbacks:
Pros:
- Competitive pricing
- Fast withdrawals
- Intuitive platforms
- Wide asset selection
- Active trader rewards
- 24/7 customer support
- Strong security
Cons:
- Limited educational resources
- Inactive fees
- No Meta trader platforms.
Verdict
IQCent provides a competitive offering for active traders focused on market access and fast order execution. The variety of assets, account tiers, multilingual support, and incentives like bonuses and contests are advantages. The downsides are low educational resources, inactive fees, and a lack of integration with meta trader platforms.
Is IQCent legit?
While IQCent offers a legitimate trading platform, do your due diligence and research before opening an account. When evaluating any broker, check reviews and complaints, account security features, and funding/withdrawal processes.
What platforms does IQCent offer?
IQCent offers a proprietary web-based trading platform that can be accessed on desktop and mobile devices. They do not offer integration with popular third-party platforms like MT4 or MT5.
Does IQCent offer a demo trading account?
Yes, IQCent provides a free demo account with virtual funds. This helps traders test strategies risk-free before live trading.
How Can I Sign Up?
Click on “Open an account” and fill in the necessary information to become a member. These include your email, name, password, phone number, and preferred account currency. Please check that the information you send is right and up to date.
