IQ Cent - 2023 Review
- Demo Account
- Payout 95%
- Last updated 04/2023
30 Seconds Review of IQCent
IQcent is an online trading platform that offers users the opportunity to trade a variety of assets, including cryptocurrencies, stocks, currencies, and commodities. With its user-friendly interface and a range of unique features, IQcent aims to make trading accessible to both novice and experienced traders.
|Advantages of trading with IQCent:||Disadvantages of IQCent:|
|The available minimum deposit is $20 on a Bronze account.||IQcent does not provide MetaTrader terminals.|
|A simple but functional web trading terminal that does not require installation and is compatible with most devices.|
|Regular update of bonus programs.|
|The ability to receive additional income for attracting new customers.|
|Access to trade in more than 100 financial instruments, including currency pairs, cryptocurrencies, stock indices, gold, and silver.|
|Availability of useful tools such as technical and fundamental analysis tools, a section with current news, and an economic calendar.|
|The support team, including online chat operators, is available 24/7.|
In this review, we will take a closer look at the platform's offerings, features, and overall user experience to help you determine whether IQcent is the right choice for your trading needs.
Products & Assets from IQCent
IQcent's trading fees and costs are determined by spreads, margins, and commissions, which are typical of speculative trading. The spread is the difference between the selling and buying rates, and the pip is the smallest increment caused by a change in exchange rates.
Margin refers to the amount required to open a position in your account, calculated based on the base currency, leverage, and position volume. Commissions are charges imposed by the broker for initiating trades on behalf of the trader and depend on the asset being traded and the service provided. Execution-only brokers who don't offer personal advice charge lower commissions.
The Contract for Differences (CFD) trading allows traders to speculate on rising and falling prices in financial markets.
Additionally, IQcent charges no fees for deposits or withdrawals, but bank fees are applicable for transactions made through credit or debit cards. The platform's spread rate is lower than other platforms, and the broker doesn't charge any commissions.
IQcent offers a variety of assets for trading, including 15 cryptocurrency pairs, 4 stocks, 26 currency pairs, and 2 commodities, with an expiry period ranging from one to thirty minutes. The trading platform features over 100 instruments, such as cryptocurrencies, commodities, indices, and forex.
Commodities are traded based on contract trading, similar to currency exchange markets.
Forex is where currencies are exchanged based on floating rates, with participants including individuals, companies, and financial institutions.
Energy, due to its limited availability and high demand, is a popular choice for trading.
Precious metals like silver and gold are traded based on contracts. Indices represent small parts of a company or specific stock market and determine the value of shares.
IQCent Customer Support
The IQCent customer service team is available round-the-clock through an online chat service. Upon accessing the website, a small chat box will appear at the bottom right corner of the page, allowing you to connect to customer service instantly.
It's not necessary to log into an account to take advantage of this feature, which can be a helpful resource to address any questions you might have about the platform before creating an account.
If you experience any disconnection while communicating with the customer service team, you can connect with multiple agents online. We've tested IQcent's customer service connectivity and found their representatives to be knowledgeable and amicable. We were able to connect with them in less than a minute at various times of the day. However, IQcent doesn't provide customer service through phone or email at present.
IQCent Features & User Experience
The user experience is a standout feature of IQCent's platform. IQCent has incorporated several elements that make it easy and user-friendly, particularly for beginners or those new to investment markets. Here are some of the features that make IQCent stand out:
Copy Trader Feature: For novice investors, IQCent's copy trader function is an excellent starting point. This feature allows you to copy the trading strategies of other users. Simply select a user whose trades you'd like to copy, enable copy trading, and your account will automatically follow their investments according to your preferences. This unique feature can provide you with a valuable learning experience, allowing you to trade under the guidance of an experienced trader without spending a fortune on training services.
Fast Withdrawal Processing: Unlike other cryptocurrency exchanges that can take days or even weeks to process fund withdrawals, IQCent guarantees that your withdrawal will begin processing within one business day of your request. If you've been frustrated by lengthy wait times after cashing out your profits, IQCent may offer faster funds. Furthermore, trading and customer service are available 24/7, making it even more convenient for frequent travelers.
Fast Account Setups: IQCent has made it incredibly easy to start trading. Most users can create an account in as little as 30 seconds, allowing you to start linking your accounts and testing out the platform in a matter of hours. IQCent also supports more than ten unique ways to fund your account, making it simple to start buying and selling assets.
IQCent also offers demo account access upon request. However, keep in mind that you'll need to open and fund an account first to gain access to demo functions. This is an important factor to consider before deciding to sign up for an account or linking your accounts to IQCent.
What you’ll learn
- Copy trading
- Payouts up to 95%
- Double-up, rollover, and sell-out features
Review of IQ Cent Account Dashboard
Comparison of IQCent with other Brokers
|Trading platform||Proprietary||White-label||RaceOption, Mobile|
|Assets||CFDs, Binary Options, Forex, Stocks, Indices, Commodities, Cryptocurrencies||Forex, CFD, Stocks, Crypto, Options||Binary Options, CFDs|
|Expiry Times||5 seconds - 30 days||5 seconds - 30 days||5 seconds - 30 days|
|Execution of orders||Instant Execution||Market Execution, Instant Exec||Market Execution, Instant Exec|
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(Based on user reviews)