IQCent vs Pocket Option

IQCent vs Pocket Option Comparison Table 2024
IQCent	Pocket Option
Review 3.7	Review 4.2

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.	Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.
Customer Reviews
3.7 Based on 3 IQCent customer reviews	4.3 Based on 7 Pocket Option customer reviews
Bonus Offer
20% to 200% Deposit Bonus	50% 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. "	"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."
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 web platform shines for its straightforward design and usability that will appeal to beginners looking to speculate on popular financial markets in a few clicks The MetaTrader platforms offer integrated analysis with helpful technical summaries for short-term traders The range of payment methods beats the majority of rivals, providing fast, secure and convenient deposits for traders in most countries Well-funded traders who deposit $1000+ can qualify for a 2%+ payout boost, more tradable assets and exclusive perks Extremely fast and smooth sign-up process that takes less than 2 minutes
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	The MISA is a weak regulator with limited investor protection for retail traders The maximum binary contract length of 4 hours is restrictive for longer-term trading strategies. Alternatives like Videforex offer binaries up to 1 month Pocket Option offers a slimmed down iteration of the MT4 and MT5 that doesn't provide the full charting package for advanced traders Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests You need to deposit $1000 to access the extended list of 250+ assets, otherwise just 130+ assets are available
Awards
Best Binary Broker 2023 - DayTrading.com	Best Binary Broker Runner Up 2023 - DayTrading.com Best Binary Broker 2022 - DayTrading.com
Instruments
Binary Options, CFDs, Forex, Indices, Commodities, Crypto	Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$250	$50
Trading Platforms
Online Platform TradingView	Web MT4 MT5
Payment Methods
Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Visa Wire Transfer	ADVcash Bitcoin Payments Credit Card Debit Card Ethereum Payments FasaPay JetonCash Maestro Mastercard Perfect Money Visa WebMoney Wire Transfer
Minimum Trade
$0.01	$1
Regulator
IFMRRC	MISA
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.	Pocket Option delivers an excellent mobile trading experience directly through mobile and tablet browsers, without needing a native app. You can easily customize charts using the settings at the top while placing trades in one click is a breeze using the ‘higher’ and ‘lower’ buttons at the bottom of the screen. The interface also adapts seamlessly to horizontal viewing, mirroring the desktop layout for a consistent user experience.
Android App Rating
4.1	4.2
iOS App Rating
4.3	4
Auto Trading
No	Yes
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.	Pocket Option hosts a user-friendly social trading service. Available in the platform, you can use the ‘Top Ranked Trades’ leaderboard, among others, to find traders to follow. The social trading solution is also available 24/7 and has active community chats. Tip: check the number of trades made and profit generated over several months rather than comparing providers over a few days.
Social Trading
Yes	Yes
Trade Signals
	Yes
VPS Hosting
No	No
Tournaments
Yes	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$10	$0
Islamic Account
No	No
Account Currencies
USD EUR	USD
Stock Exchanges
	Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index IBEX 35 Japan Exchange Group Nasdaq New York Stock Exchange S&P 500
Commodities
Copper Gold Oil	Gold Natural Gas Oil Palladium Platinum 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.	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%.	Binary and OTC options can be purchased on 40+ currency pairs, with 55+ currency pairs available if you deposit $1000. Typical payouts are reasonable at 81% and the $1 minimum trade makes the broker accessible to new forex traders. There is also access to the MT4 and MT5 platforms for experienced forex traders.
GBPUSD Spread
0.8	N/A
EURUSD Spread
0.3	N/A
EURGBP Spread
0.8	N/A
Assets
49	55+
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%.	Pocket Option offers a modest crypto offering with 10+ digital currencies including Bitcoin and 65+ tokens if you deposit $1000. The integrated analytics feature in the platform is helpful for finding opportunities, while the daily signals service makes it straightforward to act on short-term crypto opportunities.
Spread
Variable	N/A
Coins
BTC ETH LTC ETC DOGE MATIC QNT SOL XRP USDT XMR BNB	BTC ETH BCH LINK AAVE ALGO TLM ALPP ANT AVAX AXS BNB ADA CHZ COMP ATOM DASH MANA DGB DOGE ENJ EOS FIL GLMR ILV ICP KAVA LTC MKR MASK MIOTA XMR ALICE NEAR NEO NULS OMG DOT MATIC QTUM REEF XRP SANTOS SC SOL STX XLM STORJ DATA SUN XTZ SAND THETA TRX UNI VET WAVES YFI YGG ZEC
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.	Pocket Option offers ultra-short-term binaries from 5 seconds on one of the simplest web platforms for beginners. Payouts rival alternatives at 90%+ while the ‘Double Up’ and ‘Rollover’ features provide further opportunities to profit. Considering the negatives, the suite of 130+ assets trails binary brokers like Quotex, which offer 400+.
Payout
98%	92%
Expiry Times
5 seconds - 1 month	5 seconds - 4 hours
Ladder Options
No	No
Boundary Options
No	No

Review	Review
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