IQCent Forex Broker

IQCent Review SummaryFounded2017Registered Country/RegionMarshall IslandsRegulationNot regulatedMarket InstrumentsForex, Commodities, Crypto, Indices, CFDsDemo Account✅LeverageUp to 1:500SpreadNot disclosed (no specific EUR/USD spread found)Trading PlatformIQCent Web Platform, IQCent Mobile PlatformMin Deposit$250Customer SupportLive chat, phone, and email (24/7 availability)IQCent Information Founded in 2017, IQCent is registered in the Marshall Islands. It provides simplified web and mobile interfaces, enables crypto and fiat funding methods, and caters to traders of different skill levels via tiered accounts. Its absence of regulation and expanded openness, meanwhile, is a drawback.Pros and ConsPros Cons Wide range of account types and featuresNot regulatedLeverage up to 1:500No MetaTrader platform supportInstant deposits and fast withdrawals (within 1 hour)Lack of clarity on spreads and swap feesIs IQCent Legit? IQCent is an unregulated broker. Though it says to be registered in the Marshall Islands, it is not licensed or monitored by the Marshall Islands Financial Services Authority (FSA) or any other acknowledged financial authority. WHOIS records show the domain iqcent.com was registered on January 30, 2017 and now expires January 30, 2026. Last updated the domain was April 24, 2024. Its present condition is “client transfer prohibited,” which means it is shielded from unapproved modifications including domain transfers.What Can I Trade on IQCent? Covering a range of markets including currency pairs, cryptocurrencies, commodities, and indices, IQCent says to provide access to more than 100 trading assets.Tradable Instruments Supported Forex✅Commodities✅Crypto✅CFD✅Indexes✅Stock❌ETF❌Account Types IQCent offers four types of live trading accounts: Bronze, Silver, Gold, and VIP, each tailored to different levels of trading experience and deposit sizes. While an Islamic (swap-free) account option is not mentioned, a demo account is clearly available starting from the Bronze level.Account TypeMin DepositKey FeaturesBest ForBronze$10020% bonus, 0.1% TradeBack, 8h withdrawalsBeginnersSilver$1,00050% bonus, 0.5% TradeBack, 4h withdrawals, personal managerIntermediate tradersGold$5,000100% bonus, 1% TradeBack, 1h withdrawals, higher limitsAdvanced tradersVIP$50,000200% bonus, 2% TradeBack, instant withdrawals, personal supportHigh-net-worth or professional tradersLeverage IQCent offers leverage of up to 1:500, allowing traders to control positions that are 500 times larger than their actual investment.IQCent Fees QCent provides zero registration and maintenance fees, which lowers the barrier for entry. However, lack of transparency around actual spreads and overnight swap fees (for holding positions past market close) could be a limitation for cost-sensitive traders.Trading PlatformTrading PlatformSupported Available Devices Suitable for what kind of tradersIQCent Web Platform✔Web browser (desktop/mobile)Beginners and intermediate traders seeking a simple interfaceIQCent Mobile Platform✔iOS, Android (web-based, possibly app)Traders preferring to trade on-the-goMetaTrader 4 (MT4)❌–Not supportedMetaTrader 5 (MT5)❌–Not supportedDeposit and Withdrawal IQCent does not charge any deposit or withdrawal fees. The minimum deposit amount is $250, and the minimum withdrawal amount is $20.Deposit OptionsDeposit Options Min. DepositFees Processing Time Credit Card (VISA/MasterCard)$250FreeInstant upon confirmationBank Wire Transfer$250FreeInstant upon confirmationBitcoin / Ethereum / Litecoin$250FreeInstant upon confirmationCredit Card (VISA/MasterCard)$250FreeInstant upon confirmationWithdrawal OptionsWithdrawal Options Min. Withdrawal Fees Processing Time All Supported Methods (same as above)$20FreeWithin 1 hour (after ID verification)