Eightcap vs IQCent

Eightcap vs IQCent Comparison Table 2023
Eightcap	IQCent
Review 4.6	Review 3.7 IQCent is #2 in our binary options broker rankings.
Traders from US not accepted	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
Bitcoin Payments BPAY Credit Card Debit Card FasaPay Neteller PayPal POLi Skrill UnionPay Visa Wire Transfer WorldPay	Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Visa Wire Transfer
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
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange Japan Exchange Group London Stock Exchange Nasdaq New York Stock Exchange	DAX GER 40 Index Dow Jones FTSE UK Index Nasdaq S&P 500
Commodities
Gold Oil Silver	Copper Gold Oil Silver
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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