IQCent foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.iqcent.com/, 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, founded in 2017, is an online trading platform that has quickly gained traction in the financial markets. The broker is operated by Wave Makers Ltd, and its headquarters is located in Majuro, Marshall Islands. As a private entity, IQCent offers trading services primarily focused on binary options and Contracts for Difference (CFDs), catering to a diverse client base that includes both novice and experienced traders.
Since its inception, IQCent has introduced several innovative features, such as the ability to trade in cents, allowing traders to start with as little as $0.01. This low entry barrier has made the platform particularly appealing to beginner traders who may not have significant capital to invest. Over the years, IQCent has established itself as a reliable broker, providing a user-friendly interface and a range of trading instruments.
The business model of IQCent is primarily retail-focused, enabling individual traders to engage in forex, commodities, indices, and cryptocurrencies. The platform supports various trading strategies, including copy trading, which allows users to replicate the trades of successful investors. This feature is particularly beneficial for those looking to learn from more experienced traders while minimizing risks.
IQCent operates without regulation from major financial authorities, which is a significant consideration for potential investors. The broker is registered with the International Financial Market Relations Regulation Center (IFMRRC), which is not widely recognized as a reputable regulatory body. This lack of oversight raises concerns regarding the safety of client funds and the overall trustworthiness of the broker.
The registration number for IQCent under IFMRRC is 103581, but the regulatory scope and effectiveness of this body are limited. Clients should be aware that their investments may not be protected under any investor compensation schemes, which are typically offered by more established regulatory agencies.
IQCent implements a client funds segregation policy, ensuring that traders' funds are held separately from the company's operational funds. Additionally, the broker adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, requiring clients to verify their identity before engaging in trading activities. This process aims to enhance security and prevent fraudulent activities on the platform.
IQCent offers a diverse range of trading products, allowing clients to engage in various financial markets. The platform provides access to over 100 trading instruments, including:
The platform frequently updates its product offerings, introducing new instruments based on market demand. This ensures that traders have access to a wide array of trading opportunities.
IQCent primarily serves retail traders, but it also provides features that may appeal to institutional clients, such as competitive spreads and high leverage ratios.
IQCent utilizes a proprietary trading platform that is accessible via web browsers, eliminating the need for software downloads. This platform is designed to be user-friendly, catering to both novice and experienced traders. Key features of the platform include:
The execution model employed by IQCent is primarily market-making, which may impact the spreads offered to traders. The broker provides leverage of up to 1:500, allowing traders to control larger positions with a smaller capital investment. However, this high leverage also increases the potential for significant losses.
IQCent does not support MetaTrader 4 or 5, which is a drawback for traders accustomed to these popular platforms. Instead, users must rely on the features and tools provided within IQCent's proprietary platform.
IQCent offers several account types to accommodate different trading preferences and experience levels. The available accounts include:
The minimum trade size across all account types is $0.01, making it accessible for traders to start with minimal capital. IQCent employs a floating spread model, with spreads starting from 0.7 pips on major currency pairs.
IQCent supports a variety of deposit methods to facilitate easy funding of trading accounts. The available options include:
The minimum deposit requirement varies by account type, with the Bronze Account starting at $250. Deposits are typically processed instantly, allowing traders to begin trading without delays.
Withdrawals can be made using the same methods as deposits, with a minimum withdrawal amount set at $20. IQCent processes withdrawal requests within 1 hour, although verification may extend this time up to 5 business days. Importantly, the broker does not charge fees for withdrawals, but third-party fees may apply.
IQCent provides comprehensive customer support, available 24/7 through various channels, including:
The support team is multilingual, catering to clients from various countries. However, user feedback indicates that while response times are quick, the depth of knowledge from support agents may vary.
In terms of educational resources, IQCent offers limited materials. While there are some guides and FAQs available, the lack of structured educational content may hinder beginner traders. The platform does not provide webinars or extensive tutorials, which are common offerings from other brokers.
IQCent serves a global market, catering to traders from various regions, including Europe, Asia, and the UAE. However, it does not accept clients from the United States due to strict regulatory requirements surrounding binary options trading.
The broker's services are available in multiple languages, enhancing accessibility for international clients. Despite its wide reach, traders should be aware of the regulatory environment in their respective regions, as IQCent operates as an offshore broker, which may pose risks in terms of investor protection.
In summary, while IQCent presents an appealing option for traders looking for low entry barriers and diverse trading options, its lack of regulation and limited educational resources may raise concerns for potential clients. As always, prospective traders should conduct thorough research and consider their risk tolerance before engaging with any broker.
DavidGomez2832
United States
I’ve only been at it for a few months, but already feel way more confident. Copy trading has taught me tricks I’d never figure out alone, and the tournaments make everything more fun. Plus, getting withdrawals processed quickly is a big bonus. I’ve had my ups and downs, but overall, this has been a super rewarding experience.
Positive
05-29
Shafee Khorasanee
Pakistan
I was brought to IQcent by one of IQcent man who deals in signals and attracting people across the web. His name is Marco, @marco_X5_trader and started earning, when the profit reached 28,000$ then I requested a withdrawal but it was rejected and was alleged that my account is involved in some suspicious activity. I asked them to clarify or share any evidence but was left unattended till date. Stay away from this fraudulent platform.
Exposure
04-11
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Recent discussions in online communities have raised serious questions about IQCent—a platform that has come under fire for its alleged withdrawal issues and questionable reliability. According to WikiFX, IQCent has received an alarmingly low trust score of 1.49/10, prompting many investors to rethink their involvement with this platform.
Exposure IQCent Broker Review: Can We Trust It?
IQCent, a broker registered in the Marshall Islands and operated by Wave Makers LTD, has been in the trading industry for 2 to 5 years. Despite offering a wide variety of market instruments and account types, it has received a low score of 1.46/10 on WikiFX, raising questions about its reliability. This article aims to provide an in-depth review of IQCent and determine if it can be trusted by traders.
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RobertBaker
United States
As someone who trades part-time, I need something that fits into my schedule. This does. I can log in, make a few trades, and log out with no fuss. Tried copy trading one night just for fun, and it worked out way better than expected. And yes—withdrawals are quick, which always boosts confidence.
Positive
06-03