Libertex vs IQCent

Libertex vs IQCent Comparison Table 2023
Libertex	IQCent
Review 3.6	Review 3.7 IQCent is #2 in our binary options broker rankings.
Traders from US not accepted See available CFD brokers	Traders from US accepted
Libertex is a well-known broker, established in 2012. The regulated brand has served numerous clients and is regulated by the Cyprus Securities and Exchange Commission with license number 164/12. Libertex offers CFD trading on 250+ underlying assets, including through an innovative and user-friendly proprietary web trader platform. Choose between CFDs on forex, cryptocurrencies, commodities, stocks, indices and ETFs, which are available with tight spreads and low commissions.	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.
79.1% of retail investor accounts lose money when trading CFDs with this provider.
Bonus Offer
	20% to 200% Deposit Bonus
Comment by Reviewer
"Libertex will appeal to both beginner and experienced traders thanks to its easy-to-use platform and low fees. The brand is also a good pick for share dealing with commission-free stock investing."	"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."
Pros
Very competitive pricing with low commission fees User-friendly platform as well as support for MT4 and MT5 Helpful customer support available in multiple languages 250+ underlying assets as well as investment in real shares Accepts wide range of funding methods 40+ industry awards Tight spreads	Both short-term CFDs and binary options are tradeable through the broker's single terminal Technical and fundamental analysis is regularly published within the platform dashboard $0.01 minimum stake for newer day traders with a smaller initial budget Keen traders can take part in trading contests with cash prizes The broker offers 98% payouts on binary options, which is more than many alternatives IQCent is one of the few binary options and CFD brokers that also offers a copy trading feature The broker's 24/7 customer support is fast and reliable, responding within 1 minute
Cons
List of tradeable underlying assets is small compared to rivals Lacks educational content and other features Limited account options No copy trading	The broker is not overseen by any highly respected regulator, though this is common among binary options firms It's a shame that no third-party platforms or additional analysis trading tools are offered Stock CFDs are not available
Awards
Best CFD Broker 2023 Best Trading Platform 2022 Best Crypto CFD Broker 2022 Best CFD Broker Europe 2022 Best FX Broker 2021 Most Trusted Broker Europe 2021 Best Trading Platform 2021	Best Binary Broker 2023 - DayTrading.com
Instruments
CFDs on Forex, Cryptocurrencies, Metals, Indices, Stocks, Oil & Gas, Agriculture, ETFs	Binary Options, CFDs, Forex, Indices, Commodities, Crypto
Demo Account
Yes	Yes
Minimum Deposit
€100	$250
Trading Platforms
Libertex (and mobile app) MT4 MT5	IQCent Platform
Payment Methods
Credit Card Debit Card Giropay iDeal Neteller PayPal Paysafecard Przelewy24 Rapid Transfer Skrill Sofort Trustly Visa Wire Transfer	Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Visa Wire Transfer
Minimum Trade
€20	$0.01
Regulator
CySEC	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
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS, Android + Browser	iOS & Android
Auto Trading
	No
Copy Trading
No	Yes
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
No	Yes
Trade Signals
	TradingView
VPS Hosting
No	No
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	Yes
Inactivity Fee
Yes - if the client is inactive for 180 calendar day. Applies to clients with a total account balance less than 5000 euros (4500 GBP, 5300 CHF, 22500 PLN respectively)	$10
Islamic Account
No	No
Account Currencies
EUR GBP CHF PLN	USD EUR GBP AUD RUB
Stock Exchanges
Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Nasdaq Russell 2000 S&P 500
Commodities
Cocoa Coffee Copper Corn Gold Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat	Copper Gold Oil Silver
CFD Trading
Libertex's list of CFDs covers a decent range of tradeable underlying assets, but there isn't much depth with only around 250 in total. Leverage up to 1:30 for retail clients is available in accordance with CySEC regulations, and traders can choose between three excellent trading platforms. Best of all are the tight spreads available on all markets and the zero commissions on investments in stocks.	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.
Leverage
Up to 1:30 (Retail)	1:500
FTSE Spread
Variable	0.7
GBPUSD Spread
Variable	0.7
Oil Spread
Variable	0.7
Stocks Spread
Variable	N/A
Forex Trading
Libertex offers CFD trading on 50+ forex pairs, offering long and short opportunities. Its strength comes in its tight spreads – we were offered 0.2 pips for EUR/USD.	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.
Forex App
Libertex offers an iOS and Android-compatible mobile app with advanced features and trading tools. Users can make deposits, execute positions and analyze the markets in a few swipes. Traders can also flick between live and demo mode with one tap.
GBPUSD Spread
From 0.2	0.7
EURUSD Spread
From 0.2	0.7
EURGBP Spread
From 0.2	0.7
Assets
50+	40
Currency Indices
USD
Cryptocurrency
With 70+ cryptocurrencies available to trade via CFDs with tight spreads, low commissions and overnight swap fees, Libertex is a great option for crypto CFD traders. The list of crypto CFDs includes the usual major players like Bitcoin and a good variety of lesser-known cryptos such as Tezos.	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.
Spread
Variable	Variable
Coins
AAVE ADA ALGO APE APT ARB ATM AVA AXS BCH BNB BTC CAKE CHZ COMP DASH DOGE EGLD ENJ EOS ETC ETH FIL FLOW FTM GMT ICP IOT LNK LTC MANA MATIC MKR NEO NOMG ONT QTM ROSE RUNE SAND SHIB SNX SOL STRAT SUSHI THETA TRX TWT UMA UNI VET XEM XLM XMR XRP XTZ ZEC ZRX	BTC ETH LTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Binary options trading not offered	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.
Payout
	98%
Expiry Times
	5 seconds - 30 days
Ladder Options
No	No
Boundary Options
No	No

Review	Review
79.1% of retail investor accounts lose money when trading CFDs with this provider.
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