iqcent foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://iqcent.pro/, about the company's legal and temporary regulatory information, the company's address Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.
iqcent Forex Broker
Basic Information
Marshall Islands
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Is iqcent safe or scam
Rating Index
VIP
GOLD
Iqcent Forex Broker - Complete Information Guide
1. Broker Overview
Iqcent, officially known as Wave Makers Ltd, was founded in 2017 and is headquartered in Majuro, Marshall Islands. As a private entity, it operates primarily in the realm of online trading, specifically focusing on binary options and Contracts for Difference (CFDs). The broker caters to a diverse clientele, including retail traders from various regions, offering a unique trading experience with a minimum trade size of just $0.01.
Since its inception, Iqcent has aimed to provide accessible trading opportunities, allowing traders to engage in financial markets without significant initial capital. The broker has made strides in the industry by introducing features such as copy trading, which enables less experienced traders to replicate the strategies of successful investors. Over the years, Iqcent has established itself as a platform for both novice and seasoned traders seeking to explore various financial instruments.
The company's business model is primarily focused on retail forex and binary options trading, providing clients with a user-friendly platform and a variety of trading tools. This approach has garnered a growing customer base, as traders seek to capitalize on the potential profits from diverse markets.
2. Regulation and Compliance Information
Iqcent operates without any significant regulatory oversight, which is a critical factor for potential investors to consider. The broker is registered under the International Financial Market Relations Regulation Center (IFMRRC), but this organization is not recognized as a reputable regulatory authority by many in the financial industry. Consequently, traders should be aware that their funds may not be adequately protected.
The lack of regulation raises concerns regarding the safety of client funds, as there are no stringent compliance measures in place. Iqcent does not provide specific details about its client fund segregation policies or participation in investor compensation schemes, which are essential for safeguarding traders' investments. Furthermore, Iqcent adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, although the effectiveness of these policies remains uncertain due to the broker's unregulated status.
3. Trading Products and Services
Iqcent offers an extensive range of trading products, including over 100 assets across various categories. Traders can access popular forex currency pairs, commodities like gold and silver, stock indices, and cryptocurrencies. The broker provides the following key trading products:
- Forex: Iqcent offers a wide selection of currency pairs, including major, minor, and exotic currencies, allowing traders to engage in the dynamic forex market.
- CFDs: The broker facilitates trading in various asset classes, including indices, commodities, and cryptocurrencies, providing ample opportunities for diversification.
- Binary Options: Iqcent specializes in binary options trading, enabling traders to speculate on price movements within specified timeframes.
The platform frequently updates its product offerings, ensuring that traders have access to the latest market trends and opportunities. Iqcent's commitment to providing a diverse range of financial instruments enhances its appeal to a broad audience of traders.
4. Trading Platform and Technology
Iqcent utilizes a proprietary trading platform that is web-based, eliminating the need for downloads. This platform is designed to be user-friendly, allowing traders to access their accounts and execute trades seamlessly across various devices, including desktops, tablets, and smartphones.
While Iqcent does not support MetaTrader 4 or 5, its platform includes essential features such as advanced charting tools powered by TradingView, which offers numerous technical indicators and analysis options. Traders can benefit from features such as:
- Copy Trading: This allows users to replicate the trades of successful investors, making it easier for beginners to learn and profit.
- Market Analysis Tools: Integrated tools provide real-time market data and insights, helping traders make informed decisions.
- User Interface: The platform is designed for ease of navigation, catering to both novice and experienced traders.
Despite these features, the absence of a dedicated mobile application may limit the trading experience for some users, as they must rely on the web interface for mobile trading.
5. Account Types and Trading Conditions
Iqcent offers several account types to accommodate traders of different experience levels. The primary account types include:
- Bronze Account: Requires a minimum deposit of $50 and offers a deposit bonus of 20%. This account provides access to standard features, including copy trading and a demo account.
- Silver Account: Requires a minimum deposit of $1,000 and provides a bonus of up to 50%. This account type includes additional features like risk-free trades and priority customer support.
- Gold Account: Requires a minimum deposit of $5,000 and offers a 100% bonus. This account provides the highest level of service, including a personal account manager and faster withdrawal processing.
The trading conditions across these accounts are competitive, with leverage options reaching up to 1:500 for certain instruments. Traders can execute minimum trade sizes starting at $0.01, and Iqcent does not charge commissions on trades, making it an appealing choice for cost-conscious traders.
6. Fund Management
Iqcent supports a variety of deposit and withdrawal methods, ensuring that clients can manage their funds conveniently. The available payment options include:
- Deposits: Accepted methods include credit cards (Visa and Mastercard), bank wire transfers, and cryptocurrencies (Bitcoin, Ethereum, etc.). The minimum deposit requirement is typically $50, depending on the account type.
- Withdrawals: Customers can withdraw funds using the same methods as deposits. Withdrawals are generally processed within one hour, although the exact timing may vary based on the payment method used.
Iqcent does not impose deposit or withdrawal fees, although third-party fees may apply depending on the chosen payment provider. The broker's transparent fee structure enhances its attractiveness to traders, allowing them to focus on their trading strategies without worrying about excessive costs.
7. Customer Support and Educational Resources
Iqcent provides robust customer support, available 24/7 through multiple channels, including live chat, email, and phone. The support team is multilingual, catering to a diverse client base. However, the quality of support has received mixed reviews, with some users reporting delays in response times.
In terms of educational resources, Iqcent offers limited materials, primarily focusing on market analysis and FAQs. While the broker does provide a demo account for practice, comprehensive educational content such as webinars or tutorials is lacking. Traders seeking to enhance their skills may need to explore external resources to supplement their learning.
8. Regional Coverage and Restrictions
Iqcent operates globally, allowing traders from various countries to access its services. However, it does not accept clients from the United States due to regulatory restrictions. The broker is available in many regions across Europe, Asia, and the Middle East, making it accessible to a wide audience.
While Iqcent has established a solid presence in numerous markets, potential clients should verify the availability of services in their respective countries before signing up. Additionally, specific features may be restricted in certain regions due to local regulations.
In conclusion, Iqcent presents a compelling option for traders seeking a user-friendly platform with diverse trading opportunities. However, the lack of regulation and mixed customer reviews warrant careful consideration before engaging with this broker. As always, potential traders should conduct thorough research and assess their risk tolerance before investing.
iqcent Similar Brokers
Latest Reviews
ManuelTate
United States
IQCent makes trading simple, even for someone without a financial background. The layout is clear, trades execute quickly, and the copy trading feature has helped me understand different strategies without taking huge risks.
Positive
06-15
DanielMiller
Argentina
Didn’t expect to enjoy trading this much, but this platform made it super easy to get into. The thing I love most? Fast withdrawals—seriously, peace of mind knowing I can access my money fast. Copy trading has helped me build my strategy, and my friends and I have become total chart nerds. The tournaments are just the cherry on top. If you’re unsure about trading, give this one a try.
Positive
06-04
JamesSmith
United States
IQCent’s copy trading feature is surprisingly effective if you take time to choose the right trader to follow. I’ve had weeks with steady results just by tracking consistent performers. The platform itself is easy to use, and the mobile version works fine when I’m not at my laptop. Definitely worth exploring if you're new.
Positive
06-18