Based in Majuro, Marshal Islands, IQCent is an online financial services provider that operates with the STP/ECN execution model, which minimizes the chances of conflict of interest. The broker offers access to trade more than 100 financial assets — forex, commodities, indices, cryptocurrencies, options, and CFDs — via an in-house-developed trading platform that is available as a WebTrader. Traders benefit from educational resources, trading tools, and a customer support team. A live account can be opened with a minimum deposit of $10, while leverage of up to 1:100 is available.
IQCent Review Introduction
In this IQCent review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including IQCent.
IQCent Platforms & Tools
The broker provides traders with the IQCent trading platform; it is a user-friendly platform that is developed in-house to ensure hitch-free trading of the offered financial assets. The platform is packed with several useful trading tools, including the Tick chart and candlestick chart. Its trade expiration time ranges from 60 seconds to 30 minutes to 1 hour. The IQCent trading platform is web-based, which entails that it can run directly on most modern websites without the need to first download and install a desktop application.
In addition to the tools built into the provided trading platform, traders also benefit from some standalone trading tools, including a copy trading tool that makes it possible for traders to copy the trading strategies of other traders.
IQCent Research & Education
The broker’s website contains an FAQ section that answers some of the most common questions that traders may have.
IQCent Trading Accounts
Traders are allowed to choose their desired trading account type depending on their trading objectives and capital. There are three different trading account options, and they include Bronze, Silver, and Gold accounts; they have minimum deposit requirements ranging from $10 to $1,000. Demo accounts are available on all the live trading account options to help amateur traders to get acquainted with the broker’s trading platform before going live on their trades.
IQCent Account Funding
At IQCent, all account deposit and withdrawal requests are processed via a variety of payment methods, including:
- Credit/Debit cards (Visa and MasterCard)
- Bank wire transfer
- Cryptocurrency —Bitcoin, Ethereum, Litecoin
- Electronic payment processors, such as Neteller, Skrill, Perfect Money, and more
Some payment methods may not be available in some countries, and the time taken to process transactions depends on the payment method.
IQCent Customer Service
IQCent offers a knowledgeable customer support team that is available 24/7 to respond to all inquiries that traders may have. They can be contacted via telephone, email, Live Chat, and social media.
There is no regulatory information on the broker’s website at the moment.
IQCent Review Summary
IQCent is a retail trading broker that offers a proprietary platform for trading multiple financial markets. They make available a selection of trading and learning tools and also provide a responsive customer support team to aid clients. There is a variety of trading account options to choose from with a minimum deposit starting from $10. However, there is no regulatory information on the broker’s website at the moment, which could be seen as a red flag by potential traders and investors who may want to open a trading account with them.
It is worth mentioning that some of the trading products and services in this IQCent review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the IQCent broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.