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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 Forex Broker

Basic Information

Registered Region
Marshall Islands
Operating Period
--
Company Name
Wave Makers LTD
Abbreviation
IQCent
Company employee
--
Customer Service Email Address
support@iqcent.com
Company Website
Company address
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960
Keywords
5-10 years
Suspicious Regulatory License
High potential risk

Company profile

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)

Rating Index

GOLD

Minimum Deposit
$5,000

SILVER

Minimum Deposit
$1,000
How to login to IQCent?
iqcent Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a iqcent Account Registering for an iqcent account is a straightforward process that allows you to access the trading platform. Follow these detailed steps to comp

  

IQCent Forex Broker - Complete Information Guide

  

1. Broker Overview

  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.

  

2. Regulation and Compliance Information

  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.

  

3. Trading Products and Services

  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:

  • Forex Currency Pairs: IQCent supports a wide selection of major, minor, and exotic currency pairs, enabling traders to speculate on price fluctuations in the forex market.
  • CFDs: The broker offers CFDs on various assets, including indices, commodities (like gold and silver), and cryptocurrencies. This allows traders to benefit from price movements without owning the underlying assets.
  • Binary Options: As a primary focus, IQCent provides binary options trading, where traders can predict the price direction of various assets within specified time frames.

  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.

  

4. Trading Platform and Technology

  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:

  • TradingView Integration: The platform incorporates TradingView charts, offering numerous technical indicators and analytical tools to assist traders in making informed decisions.
  • Mobile Compatibility: While IQCent does not currently offer a dedicated mobile app, the web-based platform can be accessed on mobile devices through browsers, although the user experience may not be optimal.

  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.

  

5. Account Types and Trading Conditions

  IQCent offers several account types to accommodate different trading preferences and experience levels. The available accounts include:

  • Bronze Account: Requires a minimum deposit of $250, offers a 20% deposit bonus, and provides access to live support and a demo account.
  • Silver Account: Requires a minimum deposit of $1,000, offers a 50% deposit bonus, and includes additional features such as risk-free trades and a personal manager.
  • Gold Account: Requires a minimum deposit of $5,000, offers a 100% deposit bonus, and provides enhanced support and trading tools.
  • VIP Account: Requires a minimum deposit of $50,000, offering the highest bonuses and personalized support.

  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.

  

6. Fund Management

  IQCent supports a variety of deposit methods to facilitate easy funding of trading accounts. The available options include:

  • Bank Transfers
  • Credit/Debit Cards (Visa and Mastercard)
  • Cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.)

  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.

  

7. Customer Support and Educational Resources

  IQCent provides comprehensive customer support, available 24/7 through various channels, including:

  • Live Chat
  • Email Support (support@iqcent.com)
  • Phone Support (with multiple numbers for different regions)

  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.

  

8. Regional Coverage and Restrictions

  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.

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Latest Reviews

RobertBaker

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

DavidGomez2832

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

Shafee Khorasanee

Authenticated

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

IQCent

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IQCent Forex Broker has an overall rating of 1.50, Regulatory Index 0.00, License Index 0.00, Business Index 6.94, Software Index 4.00 Risk Control Index 0.00.