IQCent Review

IQCent is a broker for binary options and CFD trading that has become more popular recently. However, some people question if the platform is legitimate. IQCent might look like it offers good investment opportunities, and you might have seen recommendations for it. Many traders are asking if IQCent is a scam. This is important because choosing the wrong platform can result in losing money or personal information. In this review, we’ll explain what IQCent is and highlight key points to help you decide if it is safe or a scam.

🏢 Headquarters	Marshall Islands
🗺️ Company Name	Wave Makers LTD
🗺️ Company Address	Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960
🗺️ Website	https://www.iqcent.com/
🗺️ Contact	NA
💻 Regulatory Status:	No Regulation
🗺️ Type of License	No license
💰 Should I trade with it	No (We don’t recommend)
⭐ Scope of Business	Suspicious

What is IQCent?

Before we discuss if IQCent is a safe or scam broker, let’s first understand what it is. IQCent is a broker registered in the Marshall Islands that offers online CFD and binary options trading. The company provides many bonuses to customers and allows the use of electronic payment systems for deposits and withdrawals.

IQCent has its own trading platform with built-in technical analysis tools that support both individual and copy trading. There is also a mobile app for trading on the go. IQCent offers trading access to binary options, CFDs on stock indices, gold, silver, currencies, and cryptocurrencies.

In total, IQCent clients can trade more than 100 different instruments. The company does not charge fees for deposits, cryptocurrency withdrawals, or maintaining a trading account.

IQCent gives clients access to basic training articles and guides. It uses modern technologies to keep client funds and personal data safe, including 256-bit SSL encryption, 3D Secure, and Visa MasterCard Secure Code.

Is Iq Cent safe or a scam?

IQCent might not be a complete scam, but there are some warning signs that make it a risky choice for traders. One of the biggest issues is that IQCent isn’t regulated by any major financial authority. This means no independent organization is overseeing the broker’s activities, increasing the risk of fraud or manipulation.

There are mixed reviews about IQCent. Some users have positive experiences, but others report problems like account closures, withdrawal delays, and poor customer support.

The platform provides basic trading tools and indicators, but some users mention performance issues. The high minimum deposit, trading fees, and different account types also affect the overall experience. Trading binary options and CFDs carries significant risks and the potential for losses, so responsible risk management is important.

Conclusion

Topforx does not recommend opening an account with IQCent because many clients are not satisfied with the company, based on reviews. Additionally, the company’s lack of regulation and the mixed feedback from customers raise doubts about its reliability and trustworthiness. Before you decide to trade with IQCent, make sure to do thorough research, consider your risk tolerance, and evaluate your trading goals.

FAQs

Is IQCent regulated?

No, IQCent is not regulated.

Which platforms does IQCent support?

IQCent uses its own trading platform.

Does IQCent offer leverage?

Yes, IQCent offers up to 1:100 leverage.

Does IQCent charge a commission?

For details about commissions, contact customer support.

Is IQCent a scam?

IQCent is not trustworthy because it isn’t regulated by a strict financial authority.