BinaryCent vs IQ Option

BinaryCent vs IQ Option Comparison Table 2024
BinaryCent	IQ Option
Review 3	Review 4

BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500.	IQ Option is a trusted broker with multi-asset trading on its user-friendly proprietary platform. The broker provides trading on forex, stocks, cryptos, indices, commodities and ETFs with competitive fees and a good suite of extra features and educational content. You can also open an account with just $10.
	RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Customer Reviews
	5 Based on 1 IQ Option customer reviews
Bonus Offer
20% - 200% deposit bonus
Comment by Reviewer
"Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent."	"IQ Option is a good broker for beginners with a slick platform and low minimum investment. New users can also open an account in three easy steps."
Pros
Simple and straightforward proprietary platform for binary options trading Payouts up to 95% are higher than most competitors and increases profit potential Trade binary contracts from $0.10 allowing trading opportunities for all budgets Copy trading and binary options bots are useful for beginner traders Accepts a wide range of funding methods, including cryptos and e-wallets	User-friendly platform for beginners Excellent range of payment methods Reliable 24/7 multilingual support Access to IQ Option community High payouts on binary options iOS & Android compatible app
Cons
Not available to traders based in the US The $250 minimum deposit is higher than most binary options brokers Not overseen by any reputable regulator, raising risks and reducing customer protections	€10 inactivity fee after 90 days No MetaTrader 4 integration
Awards
Tech Finance - Journal Award - 2015 iFX Expo Asia Award - 2016	Most Trusted Broker 2017, 2018, 2019, 2020 - BinaryOptions.net Best Binary Broker 2021 - DayTrading.com
Instruments
CFDs, Forex, Stocks, Cryptos, Options, Commodities	CFD, Forex, Crypto, Stocks, Digital Options
Demo Account
Yes	Yes
Minimum Deposit
$250	$10
Trading Platforms
Own	Own
Payment Methods
Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Neteller Perfect Money Skrill Visa WebMoney Wire Transfer	ADVcash Alipay Boleto Credit Card GlobePay Maestro MoneyGram Perfect Money QIWI Skrill Sofort Vietcombank Transfer Wire Transfer Yandex Money
Minimum Trade
$0.01	0.001 Lots
Regulator
VFSC
Margin Trading
Yes	Yes
Margin Rate
	0.2%
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS, Android	iOS, Android and Windows
App Review
BinaryCent, like most binary brokers, doesn’t offer its own app – just trading through mobile browsers. In this instance, the result is an average workspace with relatively crisp graphics, one-tap trading and access to copy trading from the menu at the bottom. However, charts don’t optimize well when you turn the device horizontally and the pop-up promotions were distracting during testing, detracting from the overall user experience.	IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have also synchronised the look and feel of both the web trader and mobile platform, making switching between the two, seamless.
Android App Rating
3	4.2
iOS App Rating
3	4.3
Auto Trading
Centobot for binary options
Copy Trading
Yes	No
Copy Trading Platform
The copy trading tool is available for all account types, including the lowest - Bronze. You can pick a trader based on their returns and ranking. The sign-up process is quick and account activation is instant.
Social Trading
Yes	No
VPS Hosting
No	No
Tournaments
Yes	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
Yes	No
Islamic Account
No	Yes
Account Currencies
USD	USD EUR GBP ZAR
Stock Exchanges
FTSE UK Index Nasdaq	Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Nasdaq S&P 500
Commodities
Gold Oil Silver	Gold Oil
CFD Trading
You can take positions on a range of popular trading markets including forex, stocks, energies and metals. Leverage is high at 1:500 and live spreads can be viewed in the web-accessible platform and app.	IQ Option deals primarily in CFDs, which are available on stocks, forex, cryptocurrencies and several other markets. The leverage available is in line with EU restrictions, to a maximum of 1:30 on major forex pairs but with less available on more volatile assets. Trades are commission-free with floating spreads and clients can use the award-winning platform.
Leverage
1:500	1:500
FTSE Spread
Floating
GBPUSD Spread
Floating	1
Oil Spread
Floating	2.3
Stocks Spread
Floating	2
Forex Trading
Trade 24 forex pairs via binary options. Such a small range of currency pairs is not that unusual among binary options brokers, and BinaryCent's high payouts up to 95% compensate for the lack of range.	IQ Option offers CFD trading on 24 forex assets, including major pairs and some minors. EU traders can access a maximum of 1:30 leverage in line with local regulations. The broker offers commission-free trades but spreads are on the high side so the brand does not excel in this area.
Forex App
	IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have synchronised the look and feel of both the Webtrader and mobile platform, making switching between the two, seamless. Try it out via the free demo account.
GBPUSD Spread
Floating	5 pips
EURUSD Spread
Floating	14 pips
EURGBP Spread
Floating	15 pips
Assets
25+	60+
Cryptocurrency
BinaryCent offers trading on a decent list of cryptocurrencies, including major tokens like Bitcoin. The broker also accepts crypto deposits and withdrawals, making it straightforward to fund, trade and manage your activities in digital currencies.	IQ Option is a leading crypto broker. They offer multipliers and a huge range of digital currency markets, including Bitcoin, Ethereum, and Cardano. Leverage of up to 1:2 is available with a variable spread and no commission. Newer traders will also rate the intuitive trading software.
Spread
N/A	BTC 7%, ETH 12% (Var)
Coins
ZEC XRP XMR SAN OMG LTC BTC IOT ETH ETC EOS DSH	BTC TRX XRP BCH ETH EOS OMG ETC QTUM ZEC LTC DASH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
BinaryCent provides binary options trading on a range of markets through a slick proprietary platform. Traders can invest as little as $0.10 per trade and earn payouts up to 95%, and these are excellent terms that accommodate casual and low-capital traders while allowing profit opportunities.	IQ Option is a top-rated binary options and digital trading broker. Trade on a user-friendly platform with a low starting deposit. Simply decide whether the price of an asset will go up or down to win a predetermined payout up to 90%+.
Payout
95%	91%
Expiry Times
5 seconds - 30 days
Ladder Options
No	Yes
Boundary Options
Yes	Yes

Review	Review
	RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
More Comparisons
BinaryCent vs	IQ Option vs