Olymp Trade vs IQCent
Olymp Trade Review 2023 | IQCent Review 2023 |
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1.5
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3.7
IQCent is #2 in our binary options broker rankings. |
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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 | |
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Cons | |
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Awards | |
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Instruments | |
Fixed Time Trades | Binary Options, CFDs, Forex, Stocks, Indices, Commodities, Crypto |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$10 | $250 |
Trading Platforms | |
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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 | |
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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 | |
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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 |
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More Comparisons | |
Olymp Trade vs |
IQCent vs |