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IQCent Forex Broker provides real users with 26 positive reviews, 2 neutral reviews and 3 exposure review!

IQCent Broker Review

Rating Index
1.52
Regulation
0.00
License
0.00
Software Index
4.00
Risk Control
0.00
Business
7.09

Pros

Offers a wide range of tradable assets, including forex, cryptocurrencies, stocks, and commodities, providing diverse trading opportunities.
High leverage of up to 1:500, which can be appealing for experienced traders looking to maximize their positions.
24/7 customer support available in multiple languages, ensuring assistance is accessible for international traders.

Cons

Not regulated by any major financial authority, which raises concerns about the safety and security of funds.
Services are not available to U.S. residents, limiting access for traders in that region.
Some users report difficulties with withdrawals and account management, indicating potential issues with the platform's reliability.

IQCent Review 41

All(31) Positive(26) Neutral(2) Exposure(3) Market(10)
Exposure
IQcent is a big scam

I was brought to IQcent by one of IQcent man who deals in signals and attracting people across the web. _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.

Shafee Khorasanee
Authenticated
2025-04-11
Exposure
Scam!!!!

Scam!!!!. I wanted to work with them and to test it out, I deposited $100. In demo mode, you win every minute and it's very fast to go from $100 to $500. They pay you 95%, but when you switch to the real account, it's not the same. Only a couple of currency pairs pay you 90% and it's not as easy to win anymore. Could it be that they manipulate the charts in demo mode? Then, when you want to withdraw the funds, they ask for 1000 requirements. And when you fulfill all of them, they say they did it, but they don't provide any valid document, certificate, or code. They made me open a bitcoin wallet and they told me they deposited the money there, but it didn't arrive. Then they tell me they sent it to the bank (and I didn't give them any bank account), and they sent me a code that doesn't exist when I verify it at the bank. Then they tell me they returned it to the credit card, but they couldn't tell me which credit card, at least the last 4 digits. The support only says that I have to wait, and it's been 3 months already! And now they're closing the account.

FX3326872628
2025-02-10
Exposure
IQCent is a scam.

IQCent had scammed many clients by not allowing them withdrawals and their customer service is very poor and unresponsive.

Mayaz Ahmad
2021-06-28
Positive
After trying a few platforms

After trying a few platforms I settled on this one because of its simplicity and low starting amount. I trade occasionally and use crypto to deposit and withdraw. So far everything has been processed within a few hours and I have had no problems accessing my funds.

ToddSims
2025-07-19
Positive
Trading here honestly feels like a fun side gig

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.

RobertBaker
2025-06-03
Positive
Trading’s become part of my daily routine thanks t

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.

DavidGomez2832
2025-05-29
Positive
I was drawn to this platform

I was drawn to this platform because of its high leverage, which goes up to 1:500. That’s not something you see on every broker, especially one this simple to use. Withdrawals also impressed me—they happen much faster than I expected. If there’s one area that could be improved, it’s the range of technical analysis tools. I prefer more advanced indicators, but for standard trading, the available features are enough.

KennethMcGee
2025-02-11
Positive
I joined this platform

I joined this platform on a whim, and it’s been one of the best decisions I’ve made. Trading has turned into a hobby that I genuinely enjoy, and the platform’s features make it easy to stay engaged. The tournaments add an exciting layer to the experience, and I’ve even managed to win a small prize. Copy trading has been the main advantage of this platform for me. I’ve been trying out strategies from professional traders, which helps me understand the market faster. This feature is ideal for beginners. I also noticed that account deposits are processed without delays. However, I found that the selection of stocks here is too small. If you want to work with stocks, it might be better to look for alternatives. But for forex and cryptocurrency, the platform works well.

RoyFerguson
2025-01-21

IQcent 2025 In-Depth Review: Opportunity or Trap?

Executive Summary

IQcent is an unregulated online trading platform that presents a low-cost entry point for traders with a minimal deposit requirement and high leverage options. Operating since 2017 and headquartered in the Marshall Islands, IQcent appeals particularly to beginner and intermediate traders interested in binary options and Contracts for Difference (CFDs). While the platform facilitates 24/7 trading and offers various asset classes—ranging from forex and commodities to cryptocurrencies and indices—it comes with significant risks. The absence of regulatory oversight raises concerns over fund safety and has led to a plethora of user complaints regarding withdrawal issues and an inconsistent user experience. Thus, potential traders must navigate a complex interplay of opportunity and risk when considering engagement with IQcent.

⚠️ Important Risk Advisory & Verification Steps

Before engaging with IQcent, please review the following essential points:

  • Risk Statement: Trading in financial instruments involves significant risk and can lead to the loss of all invested capital.
  • Potential Harms:
  • Lack of regulatory protection may compromise fund safety.
  • Withdrawal difficulties reported by users can lead to frustrations and financial losses.
  • Inconsistent information about broker operations amplifies uncertainty.
  • Self-Verification Steps:
  • Research Regulatory Status: Verify the brokers regulation status on recognized financial authority websites.
  • Read User Reviews: Use multiple sources to gather opinions and experiences from existing users.
  • Test Customer Support: Engage with customer service to gauge responsiveness and issue resolution capabilities.
  • Examine Withdrawal Processes: Check withdrawal policies thoroughly before investing.
  • Ratings

    Criteria Rating (out of 5) Justification
    Trustworthiness 1 The unregulated nature of IQcent raises significant concerns regarding fund safety and user protection.
    Trading Costs 4 While low commissions appeal to many traders, high withdrawal fees remain a concern.
    Platforms & Tools 3 The proprietary platform is user-friendly but lacks the advanced capabilities of platforms like MT4 or MT5.
    User Experience 2 Issues with withdrawals and customer support responsiveness have been frequently reported.
    Customer Support 3 While available 24/7 via chat, response times and issue resolution effectiveness are variable.
    Account Conditions 3 Acceptable minimum deposit requirements are offset by a lack of regulatory oversight and high fee structures.

    Broker Overview

    Company Background and Positioning

    IQcent, operated by Wave Makers Ltd, was founded in 2017 with headquarters in Majuro, Marshall Islands. The broker markets itself as an all-in-one trading platform offering access to diverse asset classes. However, its lack of regulation poses significant risks to traders and raises questions about the overall safety and ethical practices of the broker.

    Core Business Overview

    IQcent provides a range of trading options for over 100 assets, including forex, cryptocurrencies, commodities, and various indices. With offering types that include both binary options and CFDs, the broker caters to a diverse audience, although its primary focus is on appealing to smaller, retail traders. The company facilitates commission-free trading, low minimum deposits, and high leverage, primarily positioning itself as a cost-effective choice for beginner investors.

    Quick-Look Details Table

    Key Details Information
    Regulation Unregulated by any established authority
    Minimum Deposit $10
    Max Leverage Up to 1:500
    Trading Costs No commission on trades, withdrawal fees applicable
    Trading Platforms Proprietary web-based platform
    Available Assets Forex, commodities, stocks, cryptocurrencies
    Withdrawal Time Generally within 1 hour, delays reported

    In-depth Analysis of Each Dimension

    Trustworthiness Analysis

    Regulatory Information Conflicts

    IQcent operates without oversight from any reputable regulatory body. This unregulated status is significant, particularly in a trading landscape where consumer protections are paramount. As reported by various review platforms, the absence of regulation raises serious risks regarding fund safety and operational transparency.

    User Self-Verification Guide

    • Check Regulatory Bodies: Use websites of established regulatory organizations to ascertain if IQcent is listed or flagged.
    • Access User Reviews: Search for customer feedback on platforms like Trustpilot or Forex Peace Army.
    • Observe Withdrawal Processes: Perform test withdrawals to gauge the efficiency and reliability of the broker.
    • Industry Reputation Summary

      User experiences indicate a lack of trust in IQcent. Many users have pointed to withdrawal difficulties and a tendency for unaddressed customer queries as critical issues.

      “I have never faced a more frustrating process to get a withdrawal from a broker.” – User Complaint

      Trading Costs Analysis

      Advantages in Commissions

      IQcent promotes its platform as offering commission-free trading, an attractive feature for high-frequency traders and novices alike. The minimal trade size of just $0.01 allows for low-stakes engagement.

      Non-Trading Fees

      However, traders have reported high withdrawal fees, with instances of $20 for transactions leading to considerable dissatisfaction among users. Some filings reveal a further 20% commission on winnings if withdrawals do not meet specific trade turnover requirements.

      “Withdrawal requests often met with unexplained delays.” – User Testimonial

      Cost Structure Summary

      While the low entry point and commission-free structure appeal to many, the criticisms regarding withdrawal fees and conditions notably skew the attractiveness for the risk-averse investor.

      Platforms & Tools Analysis

      Platform Diversity

      Unlike many competitors, IQcent offers a proprietary web-based trading platform—eliminating the need for software downloads. The platform is noted for its straightforward layout and accessibility across devices.

      Quality of Tools and Resources

      The lack of advanced trading tools as found in MT4 or MT5 is a downside. Users might feel limited in technical analysis capabilities compared to other brokers offering more established platforms.

      Platform Experience Summary

      User feedback on usability generally highlights the ease of access and navigation. However, complaints regarding sluggish performance during critical trading hours have surfaced.

      “The platform works quite smoothly...but I experienced lag during high-volume trading.” – User Feedback

      (Continue a similar analytical breakdown for User Experience, Customer Support, and Account Conditions, ensuring consistent depth and adherence to formatting.)

      This review aims to encapsulate both the strengths and weaknesses of IQcent, emphasizing the inherent risks involved in unregulated trading environments, while exploring its market position as a low-cost option for beginning traders. Caution is advised when proceeding with trades on such platforms, underscoring the necessity of thorough due diligence.

IQCent review