IQCent vs RaceOption

IQCent vs RaceOption Comparison Table 2024
IQCent	RaceOption
Review 3.7	Review 3.5

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.	RaceOption is a binary options broker operating from the Marshall Islands. With over 1,500 clients, the broker aims to offer fast funding, low fees and a secure trading environment. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes.
Customer Reviews
3.7 Based on 3 IQCent customer reviews	4 Based on 1 RaceOption customer reviews
Bonus Offer
20% to 200% Deposit Bonus	20% - 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. "	"RaceOption will appeal to traders new to binary options looking for copy trading, contests and 24/7 customer support. Experienced traders will also appreciate the account-based perks and bonuses."
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	Beginner-friendly copy trading opportunities in the broker's proprietary trading platform Free and instant deposits via bank cards and cryptos, plus guaranteed withdrawals processing within 1 hour Well-optimised proprietary mobile trading app with instant execution, full trading history and responsive live charts First 3 trades are risk-free in the Silver and Gold accounts, with only $1,000 required to be eligible Sign-up bonuses from 20%, plus weekly trading contests and prize giveaways Flexible weekend trading available plus 24/7 multilingual customer support High payouts on popular underlying assets up to 95%
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	$250 minimum deposit is higher than other binary options brokers Unregulated broker with lower safety score Limited educational resources Withdrawal thresholds apply No free demo account
Awards
Best Binary Broker 2023 - DayTrading.com
Instruments
Binary Options, CFDs, Forex, Indices, Commodities, Crypto	Binary Options, CFDs
Demo Account
Yes	Yes
Minimum Deposit
$250	$250
Trading Platforms
Online Platform TradingView	TradingView
Payment Methods
Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Visa Wire Transfer	Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Neteller Perfect Money Skrill Visa
Minimum Trade
$0.01	$0.01
Regulator
IFMRRC
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.	Despite a couple of connection issues during testing, the RaceOption mobile trading solution overwhelmingly delivers. All the settings you need to amend binary parameters are available around the chart and it’s as simple as clicking the ‘Up’ and ‘Down’ buttons to confirm a trade. Clicking ‘My Trades’ in the bottom left of the mobile interface also makes monitoring multiple trades a hassle-free exercise.
Android App Rating
4.1	3.8
iOS App Rating
4.3	4
Auto Trading
No
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.	Replicate the positions and strategies of multiple traders while leveraging the RaceOption leaderboard. You can start copy trading in three fast steps and follow multiple traders simultaneously.
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	No
Inactivity Fee
$10
Islamic Account
No	No
Account Currencies
USD EUR	USD EUR GBP AUD RUB
Stock Exchanges
	DAX GER 40 Index FTSE UK Index
Commodities
Copper Gold Oil	Coffee Gold Oil 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.	Access a modest range of CFD instruments across key markets, including indices and commodities. Clients can trade directly from charts with high leverage up to 1:500 and customisable time intervals.
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
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%.	Trade 25+ major and minor currency pairs with access to over 30 technical indicators in the broker's proprietary terminal. You can also follow and replicate other forex trades using the integrated copy trader.
GBPUSD Spread
0.8	Floating
EURUSD Spread
0.3	Floating
EURGBP Spread
0.8	Floating
Assets
49	25+
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%.	Trade popular crypto CFDs with leverage up to 1:30 and utilize convenient crypto funding in Bitcoin, Ethereum or other altcoins. You can also enjoy fully flexible, 24/7 crypto trading at home or on the go. Cryptos are paired with USD and CNY.
Spread
Variable	Floating
Coins
BTC ETH LTC ETC DOGE MATIC QNT SOL XRP USDT XMR BNB	BTC
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.	RaceOption offers 100+ binaries with decent payouts up to 95% and ultra-fast expiries from 5 seconds. With a $250 minimum deposit, clients can enjoy free deposits, fast withdrawals and a range of trading bonuses.
Payout
98%	95%
Expiry Times
5 seconds - 1 month	5 seconds - 30 days
Ladder Options
No	Yes
Boundary Options
No	No

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