IQCent is a relatively well-known online broker that offers its users a wide variety of derivatives. While it’s mostly popular among experienced traders who benefit from high leverage rates and tight spreads, the broker is user-friendly and convenient enough to be used by beginners, too. However, you need to learn about its trading conditions, fees, and other features before making a decision. In this article, we give you all the basic information about IQCent and explain why it’s suitable for novice traders.
IQCent is widely known as one of the leading brokers focused on derivatives. The broker features lots of different trading instruments, including various CFDs and binary options. You can also trade several major cryptocurrencies using the platform. IQCent is considered a trustworthy broker by many traders, but it’s not regulated by any financial authority. The company doesn’t publish any reports covering the performance of the platform, and all you have is online reviews by real users.
However, the majority of users praise the platform for its comfortable trading conditions. The minimum deposit is from $20 to $50 depending on the region, so you can start with almost nothing and still earn much. The leverage goes up to 1:500, and that’s especially beneficial for experienced traders. There’s also a built-in protection against losses: once your losses exceed your total deposits, the broker stops you from trading CFDs. All in all, the IQCent profile is rather similar to other major brokers.
Accounts and bonuses
IQCent features three different account types. Each of them has its own deposit bonus levels. Bronze accounts require at least $20 and provide a 20% bonus on deposits. Silver accounts require a deposit of at least $1,000 and give a 50% bonus, and Gold ones start from $3,000 with a 100% bonus. There is also a demo account for practice, but you have to open and fund a standard account first to be able to use it, so it’s not suitable for people who don’t want to invest anything.
IQCent has many additional features, including weekly contests with cash prizes and a decent service for copy trading. Withdrawals are processed quickly and without hidden fees, but you have to pass the verification process before you can withdraw anything. And the 24/7 customer support is very helpful.