Olymp Trade vs IQCent

Olymp Trade vs IQCent Comparison Table 2023
Olymp Trade Review 2023	IQCent Review 2023
Review 1.5	Review 3.7 IQCent is #2 in our binary options broker rankings.
Traders from US not accepted See available binary options brokers	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
AstroPay Bitcoin Payments Doku Wallet FasaPay Flutterwave M-Pesa Neteller Perfect Money Skrill WebMoney Wire Transfer Yandex Money	Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Visa Wire Transfer
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
	DAX GER 40 Index Dow Jones FTSE UK Index Nasdaq S&P 500
Commodities
	Copper Gold Oil Silver
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

Review	Review
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