Eightcap vs IQCent

Eightcap vs IQCent Comparison Table 2023
Eightcap IQCent
4.6
3.7

IQCent is #2 in our binary options broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

Eightcap is a forex and CFD broker founded in Australia in 2009. The brand is popular for its raw spreads on 1000+ instruments and advanced MetaTrader platforms. With 5 global offices and ASIC regulation, Eightcap has built a strong reputation. New traders can also sign up for a live account in just a few minutes.

IQCent is an offshore binary options and CFD broker with 10+ payment methods and a $50 minimum deposit. Clients benefit from copy trading tools and in-depth market analysis.

Bonus Offer
20% to 200% Deposit Bonus
Comment by Reviewer
"Eightcap is good for traders familiar with MT4 and MT5 looking to trade forex and CFDs in a secure environment. The brand is also a great pick for crypto traders with 100+ derivatives, a sophisticated market scanner, plus Bitcoin and Tether deposits."
Pros
  • Sophisticated platforms including MetaTrader 4 and TradingView
  • Raw spreads from 0.0 pips and a competitive $3.5 per lot commission
  • Flexible and fee-free payment methods including cryptocurrencies
  • 100+ crypto derivatives, more than most brokers, including crypto crosses and indices
  • Strong trading education and analysis including forex guides and online webinars
  • Cryptocrusher market scanner with sentiment indicators, news and trading signals
  • AI-powered economic calendar with top-level insights, in partnership with Acuity
Cons
  • Cryptocrusher platform not available for Australian clients
  • Not as many shares as other brokers
  • Only four commodities available
Awards
  • Best Forex Broker 2023 - DayTrading.com
  • Best Cryptocurrency Broker 2023 - DayTrading.com
  • Best MT4/MT5 Broker 2022 - DayTrading.com
  • Best Global Forex MT4 Broker 2020 - Global Forex Awards
  • Best Binary Broker 2023 - DayTrading.com
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies CFDs, Binary Options, Forex, Stocks, Indices, Commodities, Cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
£/€/$100 $50
Payment Methods
Minimum Trade
0.01 lots $0.01
Regulator
ASIC, VFSC IFMRRC
Margin Trading
Yes Yes
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes Yes
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
Yes 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
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Capitalise.ai & Expert Advisors
Copy Trading
No Yes
Copy Trading Platform
Copy trading is offered within the proprietary WebTrader platform. Clients can follow and replicate the trades of established investors using real-time performance statistics.
Social Trading
No Yes
Trade Signals
Cryptocrusher - signals for cryptocurrencies TradingView
VPS Hosting
Yes No
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$0 $10
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • SGD
  • USD
  • EUR
  • GBP
  • AUD
  • RUB
Stock Exchanges
Commodities
CFD Trading
Trade over 800 CFDs on popular indices, shares, forex, cryptos and commodities. Clients get premium liquidity and superior execution with servers in leading data centres. Skilling also offers more choice than most competitors in terms of platforms with MT4, MT5 and TradingView. Trade leveraged CFDs on popular markets including stocks and commodities.
Leverage
1:30 - 1:500 depending on local regulation 1:500
FTSE Spread
1.2 From 0.7 pips
GBPUSD Spread
1.0 but 0.0 on Raw Account From 0.7 pips
Oil Spread
0.03 From 0.7 pips
Stocks Spread
$0.02 per share, per side ($4 per lot round turn) Variable
Forex Trading
Trade 40+ major, minor and exotic pairs with an award winning platform. Users get institutional-level prices with spreads from 0.0 pips and no commissions. IQCent offers major, minor and exotic currency pairs with tight spreads.
GBPUSD Spread
1.0 but 0.0 on Raw Account From 0.7 pips
EURUSD Spread
1.0 but 0.0 on Raw Account From 0.7 pips
EURGBP Spread
1.0 but 0.0 on Raw Account From 0.7 pips
Assets
40+ 40
Cryptocurrency
Eightcap offers over 100 crypto-backed derivatives, more than many rivals. Bitcoin spreads are also lower than most brokers coming in at 12, while the market scanner is a unique and powerful trading aid. Trade popular crypto tokens via leveraged CFDs.
Spread
From $0 Variable
Coins
  • BTC
  • ETH
  • XRP
  • ADA
  • DOGE
  • BNB
  • LTC
  • TRX
  • BCH
  • XRP
  • EOS
  • DOT
  • LINK
  • MATIC
  • SHIB
  • BSV
  • VET
  • AXS
  • NEO
  • SOL
  • XLM
  • UNI
  • DASH
  • AAVE
  • KSM
  • THETA
  • CAKE
  • SUSHI
  • ATOM
  • BTC
  • ETH
  • LTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Binary options trading not offered IQCent offers high/low binary options on popular financial markets. New traders can also claim a deposit welcome bonus.
Payout
95%
Expiry Times
5 seconds - 30 days
Ladder Options
No No
Boundary Options
No No
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