IQCent vs CloseOption

IQCent vs CloseOption Comparison Table 2023
IQCent	CloseOption
Review 3.7 IQCent is #2 in our binary options broker rankings.	Review 3.8 CloseOption is #6 in our binary options broker rankings.
Traders from US accepted	Traders from US accepted
IQCent is an offshore binary options and CFD broker based in the Marshall Islands with 10+ payment methods and a low $50 starting deposit. With 100+ assets, around the clock trading and high payouts the brand is popular with aspiring short-term traders.	CloseOption is a Georgia-headquartered broker with over a decade in the trading industry. The brand offers high/low binary options trading on forex and crypto markets, with decent payouts, welcome bonuses, 24/7 customer support and intuitive trading software.
Bonus Offer
20% to 200% Deposit Bonus	$10 Welcome Gift
Promotions
	CloseOption Runs Weekly Trading Contest With $3K Prize Pot
Comment by Reviewer
"IQCent will appeal to traders looking for a powerful binary options and CFD trading platform with low fees, a range of accounts, and copy trading support."	"CloseOption is a good pick for traders seeking a user-friendly binary options platform with high payouts and joining bonuses."
Pros
Both short-term CFDs and binary options are tradeable through the broker's single terminal Technical and fundamental analysis is regularly published within the platform dashboard $0.01 minimum stake for newer day traders with a smaller initial budget Keen traders can take part in trading contests with cash prizes The broker offers 98% payouts on binary options, which is more than many alternatives IQCent is one of the few binary options and CFD brokers that also offers a copy trading feature The broker's 24/7 customer support is fast and reliable, responding within 1 minute	New traders can get started with a $5 minimum deposit CloseOption offers weekly trading tournaments with cash prizes The user-friendly platform is compatible with most web browsers Multiple global payment methods are available Free demo account
Cons
The broker is not overseen by any highly respected regulator, though this is common among binary options firms It's a shame that no third-party platforms or additional analysis trading tools are offered Stock CFDs are not available	Clients need to deposit $50,000+ to qualify for the best payouts CloseOption is not regulated by a well-regarded trading authority Binary options are only available on fiat and digital currencies
Awards
Best Binary Broker 2023 - DayTrading.com
Instruments
Binary Options, CFDs, Forex, Indices, Commodities, Crypto	Binary Options on Forex & Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$250	$5
Trading Platforms
IQCent Platform	Own
Payment Methods
Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Visa Wire Transfer	Bitcoin Payments Ethereum Payments Mastercard PayPal Perfect Money WebMoney Wire Transfer
Minimum Trade
$0.01	$1
Regulator
IFMRRC	National Bank of Georgia
Margin Trading
Yes	No
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	No
Mobile Apps
iOS & Android
Auto Trading
No
Copy Trading
Yes	No
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
Yes	No
Trade Signals
TradingView
VPS Hosting
No	No
Tournaments
Yes	No
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
Yes	No
Inactivity Fee
$10	0.5%
Islamic Account
No	No
Account Currencies
USD EUR GBP AUD RUB	USD
Commodities
Copper Gold Oil Silver
CFD Trading
IQCent CFDs are available on forex, indices, commodities and cryptos with leverage variable by asset to a maximum of 1:500, which is higher than many alternatives. 24/7 customer support is also available to assist new users.	CFD trading not offered
Leverage
1:500 (Retail)
FTSE Spread
0.7
GBPUSD Spread
0.7
Oil Spread
0.7
Stocks Spread
N/A
Forex Trading
IQCent traders can access CFDs or binary options on 40+ forex pairs, including majors, minors and exotics. CFD spreads start from 0.7 pips and binary options payouts are decent up to 95%. Trading takes place through the broker's proprietary platform with advanced analysis tools.	CloseOption offers binaries on 25+ forex pairs, including majors like EUR/USD and a few minors like AUD/JPY. Payouts vary by currency, with decent typical payouts of 75% for GBP/USD.
GBPUSD Spread
0.7	No fee - payouts approx. 80% (Copper)
EURUSD Spread
0.7	No fee - payouts approx. 80% (Copper)
EURGBP Spread
0.7	No fee - payouts approx. 80% (Copper)
Assets
40	20+
Cryptocurrency
IQCent offers 17 crypto assets through its own platform, including Bitcoin, Ethereum and Litecoin. Leverage on crypto CFDs is limited to 1:10 while binary options payouts vary by token but are competitive.	CloseOption traders can access high/low binary options on five major cryptos all paired with USD. Payouts of 40% are available due to digital assets' high market volatility, which compares well with rivals.
Spread
Variable	No fee - payouts approx. 40% (Copper)
Coins
BTC ETH LTC	BTC BCH ETH LTC XBT
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
IQCent offers binary options on forex, stocks, cryptocurrencies and commodities with high payouts up to 98%. The broker uses a proprietary platform with advanced analysis tools and traders can choose contract timeframes ranging from 5 seconds to months, appealing to both short and long term traders.	CloseOption offers binary options trading on 30+ fiat and digital currencies through an easy-to-use web-based platform. 15 contract timeframes are available from 30 seconds to 1 month, suiting both short-term and long-term traders. New users also get a joining gift.
Payout
98%	95%
Expiry Times
5 seconds - 30 days	30 seconds - 1 month
Ladder Options
No	No
Boundary Options
No	No

Review	Review
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