IQCent vs Videforex

IQCent vs Videforex Comparison Table 2024
IQCent	Videforex
Review 3.7	Review 3.4

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.	Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.
Customer Reviews
3.7 Based on 3 IQCent customer reviews	2 Based on 2 Videforex customer reviews
Bonus Offer
20% to 200% Deposit Bonus	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. "	"Newer traders will find a lot to enjoy about trading binary options on Videforex's easy-to-use proprietary platform, as well as the broker's copy trading solution. Payouts also remain higher than most alternatives climbing to 98%."
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	Videforex allows you to enter positions with just ¢0.01 You can easily mirror the trades of experienced investors with low fees Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, which is in line with competing brands like IQCent The firm facilitates both day trading and binary options which is great for those looking to diversify their portfolios Videforex regularly runs trading contests, offering great practice opportunities and cash prizes to beginners and experienced traders The support times are fast and reliable based on tests - few brokers offer 24/7 multi-lingual video support Global clients can make free and fast transfers via a wide range of payment types, from credit cards to cryptocurrencies
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	No MetaTrader 4 integration The broker isn’t overseen by a trusted regulatory agency US clients aren’t accepted due to legal restrictions
Awards
Best Binary Broker 2023 - DayTrading.com
Instruments
Binary Options, CFDs, Forex, Indices, Commodities, Crypto	Binary Options, CFDs, Forex, Indices, Commodities, Crypto
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 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	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	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.	Videforex stands out with its comprehensive and user-friendly mobile trading solution, offering short-term binaries across a wide range of assets. The web-accessible application is fast, intuitive, and perfect for beginners, complete with a helpful guide upon first use. Videforex’s ongoing enhancements, including the addition of candlestick charts for technical analysis, further enrich the user experience.
Android App Rating
4.1	4.4
iOS App Rating
4.3	4.1
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.	Videforex offers an integrated copy trading service where users can automatically or manually replicate the positions of other traders. Simply choose a trader and asset class and specify the investment amount.
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	Yes
Inactivity Fee
$10	$10
Islamic Account
No	No
Account Currencies
USD EUR	USD EUR GBP AUD RUB
Stock Exchanges
	Dow Jones FTSE UK Index Hong Kong Stock Exchange IBEX 35 Nasdaq S&P 500 SIX Swiss Exchange
Commodities
Copper Gold Oil	Copper Gold Oil
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.	Videforex CFDs are available on forex, indices, cryptocurrencies and commodities with up to 1:500 leverage and tight spreads from near zero. CFDs incur a commission fee of 1%–2.5% and up to 5% for leveraged trades.
Leverage
1:500	1:500
FTSE Spread
1.4	Floating from 0.2
GBPUSD Spread
0.8	Floating from 0.1
Oil Spread
0.05	Floating from 0.05
Stocks Spread
N/A	NA
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 35 major, minor and exotic forex pairs through CFDs with floating spreads from 0.1 pips. Alternatively, binary options allow you to speculate on rising and falling prices with a fixed stake and payout.
GBPUSD Spread
0.8	Floating from 0.1 pips
EURUSD Spread
0.3	Floating from 0.1 pips
EURGBP Spread
0.8	Floating from 0.1 pips
Assets
49	35
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%.	Traders can speculate on crypto prices in pairs with USD and CNY through binary options and CFDs. The range of digital currencies is fairly narrow vs alternatives but major tokens like Bitcoin are available.
Spread
Variable	Floating
Coins
BTC ETH LTC ETC DOGE MATIC QNT SOL XRP USDT XMR BNB	BTC ETH QUANT UNI SOL BNB DOGE XRP XMR MATIC USDT
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.	Videforex continues to offer binary options with 20% payouts on crypto and up to 98% on less volatile assets, beating many competitors. A wide range of contract lengths are also supported from 5 seconds up to 1 month. New users will appreciate the welcome deposit bonus.
Payout
98%	98%
Expiry Times
5 seconds - 1 month	5 seconds - 1 month
Ladder Options
No	No
Boundary Options
No	No

Review	Review
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