IQCent vs Nadex

IQCent vs Nadex Comparison Table 2024
IQCent Nadex
3.7

IQCent is #2 in our binary options broker rankings.

4.3

Nadex is #8 in our binary options broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

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.

Nadex is a renowned exchange and binary options provider, based in the US. The company is fully regulated by the CFTC and offers options, call spreads and Knock Out contracts. Nadex also has just a $1 entry or exit fee and a user-friendly platform and proprietary app.

Customer Reviews
3.7
Bonus Offer
20% to 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. " "Nadex maintains its position as a top binary options exchange in the US, with robust licensing, competitive fees and a bespoke, feature-rich charting platform. The $10,000 free demo account and range of educational resources make it a particularly good pick for beginners."
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
  • The broker's flagship terminal offers a decent range of charting features, including 25+ indicators and 20 drawing tools
  • There's a range of timeframes, from ticks to hours, that will suit both short and longer term strategies
  • Good educational resources are available in the Blog for those new to binary options trading
  • There's a free demo account for new users, with $10,000 virtual cash
  • Nadex maintains a high trust score thanks to its CFTC regulation
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
  • There are limited payment methods supported compared to other brokers, with only transfers, checks and debit cards available
  • There is only a single platform option, with no third-party software like MT4 or MT5
  • The range of markets is very narrow, including 11 currency pairs and only 8 cryptos
  • Nadex doesn't offer any rebate schemes or perks for active trading
Awards
  • Best Binary Broker 2023 - DayTrading.com
Instruments
Binary Options, CFDs, Forex, Indices, Commodities, Crypto Binary Options, Knock Outs™, Call Spreads
Demo Account
Yes Yes
Minimum Deposit
$250 $250
Trading Platforms
  • Online Platform
  • TradingView
  • Own
Payment Methods
Minimum Trade
$0.01 $1
Regulator
IFMRRC CFTC
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 NadexGO
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.

NadexGO allows trading whenever, wherever, and however traders want. Specializing in short term trading, the mobile app needs to offer quick response times, and certainly delivers. It is also reliable and secure, ensuring traders can trade with confidence on the move. NadexGo is a rock solid trading app.

Android App Rating
4.1
iOS App Rating
4.3
Auto Trading
No Yes
Copy Trading
Yes No
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.
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10 $10
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • USD
Stock Exchanges
Commodities
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. CFD trading not offered
Leverage
1:500
FTSE Spread
1.4
GBPUSD Spread
0.8
Oil Spread
0.05
Stocks Spread
N/A
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%. Speculate on 11 popular currency pairs via Knock Out contracts, call spreads and binary options. Nadex continues to offer a wider range of timeframes than most binary options brokers, with contracts spanning from intraday to weekly.
Forex App

NadexGO allows trading whenever, wherever, and however traders want. Specializing in short term trading, the mobile app needs to offer quick response times, and certainly delivers. It is also reliable and secure, ensuring traders can trade with confidence on the move. NadexGo is a rock solid trading app.

GBPUSD Spread
0.8 0.25 pips Var
EURUSD Spread
0.3 0.25 pips Var
EURGBP Spread
0.8 0.25 pips Var
Assets
49 11
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%. Nadex offers a limited list of cryptos with just Bitcoin and Ethereum. Traders can go long or short though with straightforward binary options contracts that mean you don't need to own the underlying token.
Spread
Variable Variable
Coins
  • BTC
  • ETH
  • LTC
  • ETC
  • DOGE
  • MATIC
  • QNT
  • SOL
  • XRP
  • USDT
  • XMR
  • BNB
  • BTC
  • ETH
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. Nadex offers real-time market action with short-term binary options trading. The range of markets is strong with just a $1 fixed fee per side, per contract. Nadex also offers ultra-short term binaries that expire after 5 seconds.
Payout
98% Exchange (See Full Review)%
Expiry Times
5 seconds - 1 month 5 seconds - 1 week
Ladder Options
No No
Boundary Options
No Yes
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