Swissquote vs IQCent

Swissquote vs IQCent Comparison Table 2023
Swissquote IQCent
4
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

Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.

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.

Bonus Offer
20% to 200% Deposit Bonus
Comment by Reviewer
"We recommend Swissquote for experienced traders due to the $1000 minimum deposit and advanced trading tools. Swissquote is also a good option for investors looking for a sophisticated robo-advisory service." "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
  • Huge range of products including CFDs, futures and options
  • Scalping, day trading and swing trading strategies supported
  • Swiss-listed and regulated with a strong track record
  • Ebanking and cryptocurrency Bitcoin exchange services
  • Multi-currency account with 22 currencies
  • MetaTrader 4 and MetaTrader 5 integration
  • Autochartist and Trading Central tools
  • Free demo account
  • FCA-regulated
  • APIs
  • 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
  • High minimum deposit of $1000
  • Complex suite of services and tools
  • Higher than average fees on some products
  • 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 Binary Broker 2023 - DayTrading.com
Instruments
Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent) Binary Options, CFDs, Forex, Indices, Commodities, Crypto
Demo Account
Yes Yes
Minimum Deposit
$1000 $250
Trading Platforms
  • MT4
  • MT5
  • AutoChartist
  • TradingCentral
  • IQCent Platform
Payment Methods
Minimum Trade
0.01 Lots $0.01
Regulator
FCA, FINMA, DFSA, SFC IFMRRC
Margin Trading
Yes Yes
STP Account
No No
ECN Account
Yes No
DMA Account
Yes No
MAM Account
Yes No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
Yes No
Negative Balance Protection
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes 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
Yes Yes
Trade Signals
TradingView
VPS Hosting
Yes 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
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • SEK
  • CHF
  • AED
  • USD
  • EUR
  • GBP
  • AUD
  • RUB
Stock Exchanges
Commodities
CFD Trading
Swissquote offers spot, forward and synthetic contracts on a breadth of markets, including stocks, indices, bonds and commodities. The pricing model is transparent with no hidden fees. Clients can diversify portfolios and hedge risk with low margin requirements. 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
1:30 1:500 (Retail)
FTSE Spread
0.9 0.7
GBPUSD Spread
1.3 0.7
Oil Spread
0.02 0.7
Stocks Spread
N/A N/A
Forex Trading
Swissquote offers trading on a huge range of forex assets, covering 80+ currency pairs. Spreads start from 1.3 pips with the Premium account and there are zero commissions. Micro, mini and standard lot sizes are available plus options contracts on major currencies. 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
1.3 0.7
EURUSD Spread
1.3 0.7
EURGBP Spread
1.5 0.7
Assets
80+ 40
Cryptocurrency
Swissquote offers online trading on a decent selection of 35+ cryptos 24/7. The digital asset class provides high volatility within a regulated trading environment at Swissquote. A digital wallet is also available to securely store tokens. 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
  • LTC
  • BTC
  • ETC
  • XLM
  • REP
  • ADA
  • AAVE
  • ALGO
  • MKR
  • DOT
  • MATIC
  • SAND
  • APE
  • ETH
  • XRP
  • LINK
  • EOS
  • XTZ
  • FILE
  • DOGE
  • ADA
  • AVA
  • BTC
  • ETH
  • LTC
Crypto Lending
Yes No
Crypto Mining
No No
Crypto Staking
Yes 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
More Comparisons
Swissquote
vs
IQCent
vs