IQCent vs CloseOption
IQCent | CloseOption |
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3.7
IQCent is #2 in our binary options broker rankings. |
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3.8
CloseOption is #6 in our binary options broker rankings. |
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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 | |
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 | |
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Cons | |
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Awards | |
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Instruments | |
Binary Options, CFDs, Forex, Indices, Commodities, Crypto | Binary Options on Forex & Cryptos |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$250 | $5 |
Trading Platforms | |
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Payment Methods | |
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 | |
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Commodities | |
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 | |
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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 |
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More Comparisons | |
IQCent vs |
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