IQCent vs BinaryCent

IQCent vs BinaryCent Comparison Table 2024
IQCent	BinaryCent
Review 3.7	Review 3

IQCent is an offshore binary options and CFD broker based in the Marshall Islands. The brand continues to offer a range of unique account types with bonuses and perks, including payout boosts, TradeBacks and free rollovers. With 100+ assets, around-the-clock trading and 98% payouts, the firm is popular with aspiring short-term traders.	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.
Customer Reviews
3.7 Based on 3 IQCent customer reviews
Bonus Offer
20% to 200% Deposit Bonus	20% - 200% deposit bonus
Comment by Reviewer
"IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. "	"Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent."
Pros
The broker offers up to 98% payouts on binary options, which is more than alternatives like Pocket Option, only offering up to 92% The proprietary terminal offers TradingView-powered charts which deliver dozens of technical indicators and studies IQCent is one of the few binary options brokers that also offers a copy trading service for hands-off traders CFD trading fees are competitive based on tests, including 0.7 pips on major forex pairs such as EUR/USD The broker's 24/7 customer support is fast and reliable, responding within 1 minute during tests There's an accessible $0.01 minimum stake for new day traders with a small budget Keen traders can take part in trading contests with cash prizes	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
Cons
IQCent trails binary brokers like Quotex with its narrow investment offering of around 100 assets with no stocks The broker is not overseen by a respected regulator, though this is common among binary options firms IQCent charges a punitive $10 monthly inactivity fee if you fail to place at least 1 trade per month The market analysis is very basic with limited technical summaries and insights from analysts There's no automated trading support for algo traders	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
Awards
Best Binary Broker 2023 - DayTrading.com	Tech Finance - Journal Award - 2015 iFX Expo Asia Award - 2016
Instruments
Binary Options, CFDs, Forex, Indices, Commodities, Crypto	CFDs, Forex, Stocks, Cryptos, Options, Commodities
Demo Account
Yes	Yes
Minimum Deposit
$250	$250
Trading Platforms
Online Platform TradingView	Own
Payment Methods
Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Visa Wire Transfer	Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Neteller Perfect Money Skrill Visa WebMoney Wire Transfer
Minimum Trade
$0.01	$0.01
Regulator
IFMRRC	VFSC
Margin Trading
Yes	Yes
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	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	iOS, Android
App Review
IQCent offers mobile trading directly through major browsers with an intuitive design that we love. You can navigate your account, browse assets and trade binaries in a few clicks. Straightforward access to the copy trading feature at the bottom is also a bonus, alongside the interactive charts which you can pinch to zoom.	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.
Android App Rating
4.1	3
iOS App Rating
4.3	3
Auto Trading
No	Centobot for binary options
Copy Trading
Yes	Yes
Copy Trading Platform
A copy trading service is pre-integrated into the broker’s web platform, where you can follow and replicate the trades of up to 10 established investors. Where it shines is its ease of use - you simply decide how much you want to invest and hit 'copy'. On the downside, the pool of master traders is narrow and you get limited data on past performance, making it less reliable.	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	Yes
VPS Hosting
No	No
Tournaments
Yes	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	Yes
Inactivity Fee
$10
Islamic Account
No	No
Account Currencies
USD EUR	USD
Stock Exchanges
	FTSE UK Index Nasdaq
Commodities
Copper Gold Oil	Gold Oil Silver
CFD Trading
CFDs are available on forex, indices, commodities and cryptos, although the range of 100+ instruments is limited compared to alternatives such as Quotex with 400+. Leverage is available up to 1:500 but the $250 minimum deposit is noticeably higher than competitors.	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.
Leverage
1:500	1:500
FTSE Spread
1.4	Floating
GBPUSD Spread
0.8	Floating
Oil Spread
0.05	Floating
Stocks Spread
N/A	Floating
Forex Trading
IQCent traders can access CFDs or binary options on 45+ forex pairs. CFD spreads start from 0.3 pips and binary options payouts are decent up to 95%. This is competitive compared to Pocket Option, for example, offering forex payouts up to only 81%.	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.
GBPUSD Spread
0.8	Floating
EURUSD Spread
0.3	Floating
EURGBP Spread
0.8	Floating
Assets
49	25+
Cryptocurrency
IQCent offers 17 crypto pairs through its proprietary terminal, including Bitcoin, Ethereum and Litecoin. Leverage on crypto CFDs is capped at 1:10, whilst binary options payouts vary by token but remain competitive. OTC assets, for example, pay out up to 95%.	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.
Spread
Variable	N/A
Coins
BTC ETH LTC ETC DOGE MATIC QNT SOL XRP USDT XMR BNB	ZEC XRP XMR SAN OMG LTC BTC IOT ETH ETC EOS DSH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
IQCent offers binary options with above-average payouts up to 98%. The broker supports an online platform with basic analysis tools but a wide range of timeframes, from 1 minute to 1 month, catering to short and long term trading strategies. Considering the negatives, there are no binaries on stocks.	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.
Payout
98%	95%
Expiry Times
5 seconds - 1 month	5 seconds - 30 days
Ladder Options
No	No
Boundary Options
No	Yes

Review	Review
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