Olymp Trade vs IQCent

Olymp Trade vs IQCent Comparison Table 2023
Olymp Trade Review 2023 IQCent Review 2023
1.5
3.7

IQCent is #2 in our binary options broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

Olymp Trade was established in 2014 and now boasts over 25k active traders each day. With a presence in over 130 countries and support in 13 languages, the brand offers a stable platform, competitive spreads and attractive rewards for new traders. Olymp Trade also offers fixed time trades over a huge range of markets.

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 traders.

Bonus Offer
20% to 200% Deposit Bonus
Comment by Reviewer
"Olymp Trade is a good option for beginners looking for access to popular financial markets, 24/7 support, and a user-friendly trading platform." "IQCent will appeal to newer traders who want a platform where they can trade both binary options and CFDs with copy trading support and regular contests."
Pros
  • Over 10 flexible payment methods including bank cards and Bitcoin deposits
  • Diverse asset classes including commodities, cryptos and composite indices
  • Comprehensive blog section with analytics, trading education and market news
  • Minimum deposit and withdrawals of only $10, ideal for newer traders
  • 24/7 customer support via the broker's hotline, email or live chat
  • Fixed time trades on popular markets
  • Both CFDs and binary options tradeable through a single terminal
  • Bonuses available up to 100% for Gold account members
  • Regular technical and fundamental analysis published
  • Deposits and withdrawals using cryptocurrency
  • $0.01 minimum stake for newer traders
  • Trading contests with cash prizes
  • Instant deposits and fast withdrawals
  • Binary options with 98% payouts
  • Copy trading service
  • 24/7 customer support
Cons
  • Offshore broker with weak regulatory oversight
  • Only one proprietary platform available
  • Limited transparency
  • No MetaTrader 4 platform
  • A short period before an inactivity fee is charged
  • Poor selection of stocks with just four equities
  • Not overseen by any highly respected regulator
Awards
  • Best Binary Broker 2023 - DayTrading.com
Instruments
Fixed Time Trades Binary Options, CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account
Yes Yes
Minimum Deposit
$10 $250
Trading Platforms
  • Own
  • TradingView
Payment Methods
Minimum Trade
$1 $0.01
Regulator
FinaCom IFMRRC
Margin Trading
No 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 No
Mobile Apps
iOS, Android and Windows iOS & Android
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
$10
Islamic Account
Yes No
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • AUD
  • RUB
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered IQCent CFDs are available on forex, stocks, 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
1:500
FTSE Spread
From 0.7 pips
GBPUSD Spread
From 0.7 pips
Oil Spread
From 0.7 pips
Stocks Spread
Variable
Forex Trading
Forex trading not offered 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.
GBPUSD Spread
From 0.7 pips
EURUSD Spread
From 0.7 pips
EURGBP Spread
From 0.7 pips
Assets
40
Cryptocurrency
Olymp Trade offers a handful of leading cryptos like Bitcoin and Ethereum. The Basic Altcoin Index is also a great addition, offering broader exposure to the currency market for those that don't want to put all their money in one crypto. 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
  • BTC
  • ETH
  • LTC
  • DASH
  • BTC
  • ETH
  • LTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Olymp Trade offers fixed time trades on a huge range of markets. Established in 2014, the firm now sees more than 30 million monthly transactions with an average monthly payout of over $16 million. 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
90% 98%
Expiry Times
5 seconds - 23 hours 5 seconds - 30 days
Ladder Options
No No
Boundary Options
No No
More Comparisons
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