IQCent Forex Review

In our IQCent review on Forex Trading Bonus, we will provide up-to-date information about the broker and its specs. We will discuss important aspects of IQCent such as licenses and regulations, assets, fees, education, support, and more. The company was launched in 2023 and is registered offshore of the Marshall Islands. After reading this review, you will have all the data to answer the question: is IQCent legit?

IQCent Forex Broker History

IQCent is a binary options broker that is not regulated. Binary options are much riskier asset types than FX pairs and are prohibited in many jurisdictions. Being unregulated and offering the riskiest trading assets, IQCent seems like a definition of a red flag. IQCent fraud is therefore highly likely. Together with binary options, there are also a limited number of Forex pairs offered for trading, but the web platform does not allow for advanced functionality such as market analysis.

IQCent Broker Review of Accounts

IQCent has four account types available: Bronze, Silver, Gold, and VIP.

Here is the list of specs for the Bronze accounts:

Minimum deposit – 50 USD

Payouts boost – +0%

Deposit bonus – 20%

Maximum trade size – $250

Free rollovers – 20

TradeBack – 0.1%

Withdrawal time – 8 hours

Customer support – Standard

Demo account – Yes

Tech analysis – Yes

Personal manager – No

Silver accounts come with the following specs:

• Minimum deposit – 1,000 USD
• Payouts boost – +1%
• Deposit bonus – 50%
• Maximum trade size – 1,000 USD
• Free rollovers – 50
• TradeBack – 0.5%
• Withdrawal time – 4 hours
• Customer support – Priority
• Demo account – Yes
• Tech analysis – Yes
• Personal manager – No

This account requires a bit more initial deposit to start predicting future price levels.

IQCent Gold account has the following specs:

• Minimum deposit – 5,000 USD
• Payouts boost – +2%
• Deposit bonus – 100%
• Maximum trade size – 5,000 USD
• Free rollovers – 300
• TradeBack – 1%
• Withdrawal time – 1 hours
• Customer support – Priority
• Demo account – Yes
• Tech analysis – Yes
• Personal manager – Yes

VIP accounts offer traders with the following:

• Minimum deposit – USD 50,000
• Payouts boost – +3%
• Deposit bonus – 200%
• Maximum trade size – 50,000 USD
• Free rollovers – 500
• TradeBack – 2%
• Withdrawal time – Instant
• Customer support – Priority
• Demo account – Yes
• Tech analysis – Yes
• Personal manager – Yes

IQCent Reviews of Trading Platforms and Assets

IQCent platform is a limited web trading platform that has several functions for trading. However, the platform incorporates some functionality like the help center, support, and refer friend buttons. It is not possible to analyze markets as the broker is mainly a binary options broker.

There are a limited number of FX pairs and a few more binary options in Forex pairs. While offering multiple FX pairs for trading, the broker specializes in offering binary options, which are much riskier asset types. Forex pairs are offered in the form of CFDs.

IQCent Forex Review of Extra Features

There are numerous deposit bonuses offered by IQCent which depend on the trading account, meaning traders will need to deposit more for higher deposit bonuses. 20%, 50%, 100%, and 200% deposit bonuses are available depending on the account type. There are personal account managers and market analyses offered by the broker as well. Extra features do not define whether is IQCent a scam or not, but we would like to see more useful features.

IQCent Reviews of Customer Support

The main support channel is the live chat, which is built into the website of IQCent. Live chat is usually the best support choice for traders as it is fast and requires no additional costs or waiting times. The website is available in multiple different languages.

IQCent Deposit and Withdrawal

The main supported payment options are debit and credit cards of both Visa and MasterCard and numerous digital currencies. Deposits are instant and withdrawals are claimed to be several hours and even instant for higher-tier accounts. We have not checked if the broker allows traders to withdraw profits without issues.

IQCent Review Conclusion

Can you trust IQCent? IQCent is an unregulated Forex, CFDs, and binary options broker that is based offshore. Our review gives us an IQCent opinion that the broker is not reliable at all. Since binary options are super risky, the broker has no license, and the trading platform lacks important features, we strongly advise traders to stay away from this broker.