Your capital is at risk. Trade only with funds you can afford to lose.
IQCent
#16 in our binary options broker rankings
Accepts traders from Uganda
We do not recommend IQCent due to high volumes of withdrawal complaints and regulatory warnings.
Rating breakdown
- Regulation & trust1.01.8 lower than BinaryCent (2.8)
- Assets & markets2.60.4 lower than BinaryCent (3.0)
- Fees & costs3.51.0 higher than BinaryCent (2.5)
- Platforms & tools3.30.3 higher than BinaryCent (3.0)
- Accounts & banking3.30.5 higher than BinaryCent (2.8)
- Education1.30.7 lower than BinaryCent (2.0)
- Research2.51.5 higher than BinaryCent (1.0)
- Customer support2.01.0 lower than BinaryCent (3.0)
BinaryCent’s score. Numbers show the difference.
BinaryCent
#14 in our binary options broker rankings
Accepts traders from Uganda
Rating breakdown
- Regulation & trust2.81.8 higher than IQCent (1.0)
- Assets & markets3.00.4 higher than IQCent (2.6)
- Fees & costs2.51.0 lower than IQCent (3.5)
- Platforms & tools3.00.3 lower than IQCent (3.3)
- Accounts & banking2.80.5 lower than IQCent (3.3)
- Education2.00.7 higher than IQCent (1.3)
- Research1.01.5 lower than IQCent (2.5)
- Customer support3.01.0 higher than IQCent (2.0)
IQCent’s score. Numbers show the difference.
| IQCent | BinaryCent | |
|---|---|---|
| Overview | 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 perks, including payout boosts, TradeBacks and free rollovers. With an expanded suite of 175+ 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%. The broker also offers CFDs with very high leverage up to 1:500. |
| Customer Reviews | Based on 23 customer reviews | – |
| Bonus Offer | Monthly Giveaways (e.g. iPhones & Apple Watches) | 100% Deposit Bonus |
| Comment by Reviewer | “IQCent looks appealing with its 150+ products and TradingView-powered charts, but our investigation uncovered serious red flags. Multiple regulators have warned about IQCent, while we’ve read pushing 200 complaints from previous users, many of whom ran into withdrawal problems.” | “BinaryCent suits active binary traders looking for a quick and easy sign up and weekly trading competitions to practice trading setups. With its $250 minimum deposit, among the industry’s highest, it’s geared towards experienced, well-funded traders.” |
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| Cons |
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| Instruments | Binary Options, CFDs, Forex, Indices, Commodities, Crypto | CFDs, Forex, Stocks, Cryptos, Options, Commodities |
| Demo Account | Yes | Yes |
| Minimum Deposit | $250 | $250 |
| Trading Platforms |
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| Payment Methods | ||
| Minimum Trade | $0.01 | $0.01 |
| 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 | Yes | Yes |
| 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 via mobile web trader | iOS & Android via mobile web trader |
| 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 neat addition, 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. |
| Auto Trading | Yes | – |
| Copy Trading | Yes | Yes |
| Copy Trading Platform | A copy trading service is pre-integrated into the IQCent's web platform, where you can follow and replicate the trades of up to 10 established traders. Where it's great is how easy it is to use - you simply decide how much you want to invest and hit 'copy'. Our gripe is that the pool of master traders is narrower and you get more limited data on past performance than most other binary firms in our rankings, making it less reliable. | BinaryCent offers a slick copy trading experience, with a ‘Top Traders’ leaderboard that you can filter by daily, weekly or monthly (we prefer monthly as it indicates more reliability in the long-term). Copying traders is also intuitive in our experience - you simply select the proportion to copy in percentage terms, plus the minimum and maximum trade amounts, then hit ‘Copy’. Results from copied trades are visible in the platform so you can track trades. |
| 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 |
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| Stock Exchanges | – | |
| Commodities | ||
| CFD Trading | ||
| Overview | CFDs are available on forex, indices, commodities and cryptos, although the range of 175+ 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 | ||
| Overview | IQCent traders can access binary options on over 55 forex pairs with exotics like MXN and HUF added in 2025. Binary options payouts on currency pairs are decent up to 95%, while the web-based platform is one of the slickest we've used, delivering an intuitive environment for newer traders. | 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 | 55+ | 25+ |
| Cryptocurrency | ||
| Overview | IQCent offers a range of crypto binary assets paired with USDT, from Bitcoin through to Trump hype, which offers the highest payouts we’ve seen on any binary platform, reaching 1500%. The mix of OTC and non-OTC crypto binaries ensure around the clock trading opportunities, while the platform was fast with minimal lag during our latest tests. | 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 |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
| Binary Options | ||
| Overview | 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 |