IQcent is a binary options broker that is frequently discussed on trader forums. But can it be trusted? Opinions online are sharply divided: some traders praise the platform for its convenience and high payouts, while others report problems with withdrawals and opaque trading conditions.
Want to know the full story about IQcent? We didn't just research it — we personally tested it on a live account. In this exclusive review, we share everything you won't find anywhere else.
Contents:
- Key Characteristics
- General Information About IQcent
- Trading Conditions
- Registration and Verification
- Trading Platform and Its Features
- Unique Features of IQcent
- IQcent User Reviews
- IQcent Withholds Your Money
- Conclusion
Key Characteristics of the Broker
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Main websites |
iqcent.com, iqcent.site, iqcent.cc |
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Founded and registered |
2017, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 |
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Regulator |
— |
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Supported languages |
English, Spanish, Russian, Hindi, Indonesian, Portuguese, and French |
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Trading platform |
Web Terminal |
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Minimum deposit |
$50 |
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Minimum trade size |
$0.01 |
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Maximum payout |
Up to 95% (Turbo Options on OTC Market) |
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Bonuses |
Up to 3% higher payouts, up to 200% deposit bonus, up to 500 free rollovers, and TradeBack of up to 2% on trading volume |
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Available assets |
Currencies (25), Cryptocurrencies (7), Commodities (1), OTC Currencies (24), OTC Cryptocurrencies (8), OTC Commodities (3), OTC Indices (8), Forex CFD Currencies (25), Forex CFD Cryptocurrencies (9), Forex CFD Commodities (3), Forex CFD Indices (7) |
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Option types |
Call and Put, with expiration periods from 5 seconds to 1 month |
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Trading instruments |
Currencies, Cryptocurrencies, OTC Market, Commodities, Stocks, Indices, Forex & CFDs |
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Account currency |
USD, EUR, GBP, RUB |
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Deposit and withdrawal methods |
Credit cards (Visa/Mastercard), bank transfer, Bitcoin, Ethereum, Litecoin, altcoins |
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Demo account |
Available — $10,000 virtual balance |
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Tournaments |
Yes |
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Educational materials |
Educational site — https://iqcent.trade/ |
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Analytical materials |
Yes |
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Customer support |
Contact form on the website, platform chat, email |
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Mobile platform |
Available for Android and iOS |
General Information About IQcent
The IQcent website is available in seven languages: English, Spanish, Russian, Hindi, Indonesian, Portuguese, and French. On the homepage, the broker promises users the opportunity to earn up to 98% in just 5 seconds. Before entrusting the platform with your money, however, it is important to understand just how reliable this company actually is.
According to the User Agreement on the website, IQcent is operated by Wave Makers LTD (registration number: 103581), which provides access to its website and related services. Wave Makers acts on behalf of FGC, claiming that the latter holds a licence to provide financial services.
According to the company's documents, Finance Group Corp. (FGC) is located at: Transpacific House, 2nd Floor, Line Highway, Port Vila, Vanuatu. It operates on behalf of a third entity, Clever Technologies Ltd., acting as its agent. This convoluted corporate structure appears to serve three purposes: concealing the true owners of the business, limiting the liability of the parent company (in effect, shielding it from legal claims), and enabling opaque operations. There is no other plausible reason to construct such a layered corporate arrangement.
Domain Registration
According to the public domain registry Whois, the domain iqcent.com was registered on January 30, 2017.
IQcent operates across several domains: iqcent.site, iqcent.com, and iqcent.cc. According to SimilarWeb, the majority of traffic to these sites comes from Germany (16.19%), France (13.79%), and Ireland (9.92%).
Social Media Presence
IQcent has no official presence on Telegram. However, there is a Telegram channel that appears to promote the broker under an affiliate arrangement, as well as a questionable bot — Iqcent_bot — displaying the company's logo and allegedly intended for NFT trading.
IQcent also actively promotes itself on YouTube through sponsored content from popular creators.
The broker is also discussed on other platforms. On Reddit, for example, IQcent is an active topic of conversation — and most of the comments are negative. A representative example: "How to Fast Withdrawals from IQcent". Withdrawal difficulties are by far the most common complaint. We will cover user reviews in more detail later in this article.
X (Twitter)
IQcent has an official account on X (formerly Twitter) with over 2,000 followers. Based on the registration date, the broker began actively promoting itself in March 2020.
The platform uses prize draws, seasonal promotions, and bonus offers to attract new clients.
Meta (Facebook)
IQcent has an official Facebook page with 176 followers, which largely mirrors its X (Twitter) content.
Meta (Instagram)
IQcent also has an Instagram page, which was created in January 2018. The account's registered location is Ukraine.
Support Site
To assist new traders, IQcent maintains a dedicated support website where users can find the latest company news, obtain promo codes, learn how to use the trading platform, and familiarise themselves with the registration and verification procedures.
IQcent offers mobile apps for Android and iOS. However, based on user reviews on Google Play, the app has received significant criticism — the most common complaints mirror those found on other platforms: withdrawal difficulties and account blocking.
Licenses and Regulation
Based on publicly available information, IQcent first appeared in January 2017 — at least, that is when its domain was registered. It is possible that the business owners acquired the domain with that registration date specifically to create an impression of greater longevity and credibility. However, given that active promotion of the broker's services only began in April 2020, it remains unclear what IQcent was doing during those three years.
A careful reading of the company's User Agreement reveals that it merely provides access to its web page and certain "related services" for individuals and legal entities. There is no mention of trading whatsoever.
In practice, IQcent does not appear to exist as a legal entity. It is simply a brand name — one that is not registered in any jurisdiction. The global trademark database contains no record of it.
This trademark is allegedly owned by Wave Makers LTD, operating on behalf of FGC, which in turn acts in the interests of Clever Technologies Ltd. The ownership structure speaks for itself. Multi-layered corporate arrangements of this kind are typically used to obscure beneficial owners and, in more serious cases, to facilitate money laundering and other illegal activities.
Wave Makers LTD with registration number 103581 most likely does not exist — it could not be found in any public company registry. There are two UK companies with a similar name and one in Hong Kong. Both are in the media industry and have no connection to financial services.
Address
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960
IQcent's registered address is an atoll in the Pacific Ocean — about as remote a location as one could choose.
Customer Support
IQcent has a reasonably responsive customer support setup, particularly for new users. We received prompt answers to all questions submitted via the website's live chat. The support team responded quickly to withdrawal-related queries — though the responses themselves were of limited practical use, as we will explain later.
Support is available via chat on the website, within the trading terminal, and by email: [email protected].
Trading Conditions
The broker's official website states that four account types are available: Bronze, Silver, Gold, and VIP. A free demo account is also available across all account types.
One might assume that making a deposit is a simple, straightforward process — but that is not the case. It turns out that the minimum deposit at IQcent depends on both the payment method chosen and the client's country of residence. As we were told by customer support, to find out the exact minimum deposit, you must register on the platform, log in, and click the "ADD FUNDS" button in the top right corner. The table above shows approximate minimum deposit amounts by account type: for a Bronze account, for example, the minimum can range from $50 to $250.
This raises an obvious question: what about the bonuses and other account benefits described on the site? Could it turn out — after making a deposit — that we are using the wrong payment method or are in the wrong region to qualify for them?
We put the question to support: "I have a question about trading accounts. If the minimum deposit depends on the payment method and my location, does that also affect other trading conditions and account types? Will you honour the deposit bonus and provide free rollovers as stated on your website — or will there be some other restriction based on where I live or how I deposited?"
The support agent — Monica — replied that only the minimum deposit amount is affected by the client's location, and that all other bonuses remain in effect.
Withdrawals and Fees
Identity and age verification is required for withdrawals of $1,800 or more. Without completing this step, IQcent will not process the transfer. Processing times are specified in the User Agreement, which states: "Requests are usually processed within an hour. However, if client data is incomplete or there are delays on the partners' side, processing times may increase."
It is important to note that IQcent imposes turnover requirements. If a client wishes to withdraw funds without meeting this requirement on initial or subsequent deposits, a service fee of 20% of the withdrawal amount will apply. In practice, this rule is even more restrictive: until the turnover requirement is met, the withdrawal button is simply unavailable.
The broker advises that once a withdrawal is approved by IQcent's financial department, funds sent to a bank account may take 5–6 business days to arrive. Large transfers may take longer due to fraud screening by correspondent and receiving banks (this applies to bank transfers only).
As shown in the image above, our withdrawal request was rejected due to insufficient trading volume. In our view, how frequently and in what volume a trader chooses to trade is their own business — but this broker takes a different position. This is one more mark against it. The trading conditions appear designed to exhaust a trader's capital as quickly as possible. We persisted, however: after trading further to reach the required turnover, we submitted a new withdrawal request.
This time it went through. All that remained was to wait for the IQcent financial department to approve the request. We waited.
How to Start Trading on IQcent
Getting started with IQcent involves three simple steps:
- Register
- Make a deposit
- Start trading
Registration and Verification at IQcent
Creating a new account is straightforward. Find the registration panel on the site's main page and fill in the required fields.
Remember to select your account currency and confirm your acceptance of the User Agreement by ticking the relevant box. Worth noting: IQcent does not send an automatic email verification link upon registration. To receive one, you must go to your profile settings and click the "Verify Email" button manually.
A confirmation email will then be sent to the address provided during registration.
To improve account security, we recommend enabling two-factor authentication (2FA) via Google Authenticator. To do so, go to the Security section, click "Enable Google Authenticator", and follow the on-screen instructions.
You can also change your account password in this section. Before making a deposit, we strongly recommend completing identity verification to avoid complications when submitting a withdrawal request — an issue common to most binary options brokers.
As shown, the IQcent trading terminal explicitly states that verification must be completed before a withdrawal request can be submitted.
The verification process at IQcent raises several concerns:
- Vague trigger conditions: "The company reserves the right to require the client to confirm their identity and the information provided during registration" — it is not stated when or under what circumstances this requirement may be invoked.
- Unclear document requirements: "At any time, the client may be requested to provide an electronic copy, a certified copy, or a notarised copy of their passport (at the company's discretion)" — the type of document required is left undefined.
- Inconsistent logic on voluntary verification: "If the client has not received a request to provide documents, the enhanced verification procedure is not mandatory, but the client may voluntarily submit a copy of their passport or other identity document" — it is unclear why voluntary submission is presented as an option if the procedure is not required.
In our assessment, IQcent's approach to client verification is opaque and poorly defined. This raises doubts about the broker's reliability and its commitment to KYC (Know Your Customer) standards.
Trading Platform and Its Features
The IQcent platform supports three types of trading:
- Forex CFDs — contracts for difference on currency pairs, cryptocurrencies, commodities, and indices.
- Binary options — directional trades on whether an asset's price will rise or fall over a defined period.
- Copy trading — replicating the trades of experienced traders.
The main panel of the IQcent trading platform allows you to switch freely between a demo and a live account. This makes it easy to test new trading strategies without risking real funds, explore the platform's tools, and confirm your readiness to trade on a live account. Switching between accounts takes a single click.
Deposits and Withdrawals
Within the IQcent client area, you can add payment details, deposit and withdraw funds, and review your transaction history.
Clicking the "Activate" button opens the payment section, which lists bank cards, electronic payment systems, and cryptocurrencies. Available payment methods depend on the client's location and may include credit cards (Visa/Mastercard), bank transfer, Bitcoin, Ethereum, Litecoin, and other altcoins.
Assets
Users have access to a standard web terminal only, with a relatively limited asset range. The platform is also accessible via mobile app on Android and iOS.
The following assets are available for trading:
- Currencies — 25
- Cryptocurrencies — 7
- Commodities — 1
- OTC Currencies — 24
- OTC Cryptocurrencies — 8
- OTC Commodities — 3
- OTC Indices — 8
- Forex CFD Currencies — 25
- Forex CFD Cryptocurrencies — 9
- Forex CFD Commodities — 3
- Forex CFD Indices — 7
Based on our analysis of the available assets, IQcent relies heavily on OTC market quotes. It should also be noted that Forex CFD instruments are available on live accounts only — they cannot be tested in demo mode.
Payouts
Payout percentages depend on account type: Bronze — standard 75%; Silver — 75%+1%; Gold — 75%+2%; VIP — 75%+3%.
- OTC currencies — 95%; real market quotes — 75%
- OTC cryptocurrencies — 95%; real market quotes — 40% to 75%
- OTC commodities — 95%; real market quotes — up to 75%
- OTC indices — 75% to 95%
Trade Journal
The IQcent platform includes a built-in trade journal, making it straightforward to track your trading activity — including which trades you made, when, on which instruments, and with what outcome.
Platform Drawbacks
One notable shortcoming of the platform is the absence of a countdown timer to the close of the current candle — a significant inconvenience for traders who prefer to open positions at candle close.
An online timer can serve as a workaround for this. Opening one in a browser tab alongside the trading terminal allows you to see how many seconds remain before the current bar closes.
More broadly, the IQcent platform is unstable and periodically freezes, producing internal server errors.
Platform freezes can also manifest in other ways, as shown below.
Judging by the support chat, we were not the only ones experiencing these issues.
The support team's explanation of the freezes further underscores the broker's lack of professionalism. As we were told, the platform slowdown was caused by a software update that the technical department chose to run in the middle of the trading day — while clients had open positions worth thousands of dollars.
Signals
IQcent offers its clients free daily trading signals. In theory, these save time by identifying trading opportunities and help reduce impulsive decision-making. However, since the underlying algorithms are not disclosed, these signals should be treated with caution.
Safe
In the "Turbo Safe" section, traders can deposit idle funds at interest in a fixed term of 7, 30, or 365 days. This feature offers daily returns based on the applicable annual percentage yield (APY) and the trader's options trading volume over the preceding 30 days. A "flexible mode" is also available, in which funds placed in the safe can supposedly be withdrawn at any time — though daily returns in this mode are substantially lower.
Copy Trading
The Copy Trading section allows you to replicate the trades of the 10 most profitable traders over the past 30 days. To get started, select a trader, enter the desired trade size, and click Copy.
The "Live Trades" section also lets you observe the most successful trades currently being made by other clients on the platform.
Competitions
IQcent runs weekly contests with a total prize pool of $20,000 distributed among 19 winners. The actual odds of winning a prize are difficult to estimate.
Market Analysis
The Market Analysis section contains the latest financial news, an economic calendar for the coming week, and a summary of TradingView's technical indicators for the selected asset and timeframe.
Help
The Help section provides answers to common questions about trading, account management, and security.
Trade Statistics
The Statistics section displays data on your trading activity, including the number of trades, total volume, profit, and win rate — viewable by day, week, month, or a custom period.
Marketplace
The IQcent Marketplace offers a range of bonuses and tools to support your trading.
Referral Programme
The "Invite a Friend" section lets you join IQcent's referral programme and earn 20% of the deposits made by traders you refer.
Customer Support
Binary Options
The IQcent platform offers three binary options trading modes:
Turbo — designed for experienced traders who want to execute trades quickly. Turbo trades last from a few seconds to several minutes.
Intraday — a standard binary options mode suitable for traders at any experience level. Trades in this mode can be placed throughout the day with an expiration of up to 1 hour.
Long-term — suited to traders who prefer longer-horizon strategies. Trades in this mode last from several days to one month.
For traders who want to start with very small amounts, IQcent offers a cent mode. To activate it, switch the icon in the top right corner of the chart from "$" to "C" (for cents). In cent mode, trades can be placed from as little as 1 cent — a useful option for those with a limited budget or those testing a new strategy.
Forex & CFD
In addition to binary options, IQcent clients can trade Forex and contracts for difference (CFDs). To access these instruments, go to the "Forex & CFD" tab, which opens the TradingView workspace.
The right-hand panel allows you to select the trading direction, order type, position size, and price levels for stop loss and take profit orders.
Two order types are available — market and pending:
- A market order is an instruction to buy or sell an asset immediately at the best available price. Execution is guaranteed and is most appropriate when speed is the priority.
- A pending order is an instruction to buy or sell an asset at a specified price or better. It is used when a specific entry price matters or when traders want to avoid emotionally driven decisions.
When pending order mode is selected, an additional field appears for entering the target price.
The TradingView terminal provides access to 104 indicators, which will appeal to those who rely on technical analysis. IQcent also allows positions to be opened with leverage of up to 1:500. Margin requirements for each trade are calculated automatically and displayed in the "Cost" field.
Platform Settings
The Settings menu allows you to customise the IQcent platform to suit your preferences.
Here you can update your personal details, change your password, complete verification, manage withdrawals, and configure notification preferences.
Unique Features of IQcent
IQcent highlights the following features as unique to its platform:
- Copy Trading — replicate the trades of the month's top-performing traders
- Live Trades — view the most successful trades currently active on the platform
- Safe — earn passive income by placing idle funds at a fixed rate
- Forex & CFD Trading — trade Forex and CFDs with 1:500 leverage on TradingView charts
- Signals — free daily trading signals
- Lottery — to participate, activate the offer in the Marketplace and deposit at least $250
IQcent User Reviews
Negative reviews of IQcent are widespread. The most common complaint is the inability to withdraw earned funds. As soon as a withdrawal request is submitted, problems tend to arise accounts are blocked, withdrawal requests are rejected, and traders are subjected to additional verification demands.
IQcent Withholds Your Money
The central complaint against IQcent is its refusal to pay out earned profits — something we experienced firsthand after making a deposit, meeting all turnover requirements, and submitting a withdrawal request.
The company declined to pay under various pretexts, confirming in our view that it is a fraudulent operation that traders should avoid entirely. Completing verification, contacting support repeatedly, and meeting every condition set out in the client agreement made no difference. We gave the broker a full month to complete any checks or confirmations — and never received our deposit back. This confirms that the negative reviews about IQcent are not the work of competitors or bad-faith actors. This broker is simply a scam, backed by paid advertising from unscrupulous influencers.
As evidence, we present the response from IQcent's financial department to our letter requesting an explanation for the delayed withdrawal.
In this letter, the broker offered a hollow apology for cancelling our withdrawal request without providing any reason and claimed the issue had been resolved with no further obstacles. We resubmitted the withdrawal request — after which IQcent blocked us by IP address.
IQcent's trading platform also suffers from chronic instability. Recurring freezes and chart failures are a warning sign in themselves — they create a pretext for the broker to cancel trades under the guise of "technical issues".
Add to this the artificial delays in trade execution — in our experience, approximately 15 seconds — which means positions are effectively opened at a different price from the one intended. Taken together, these factors make opening an account with IQcent inadvisable.
Conclusion
IQcent presents itself as a reliable binary options broker with a wide range of trading instruments and ostensibly attractive conditions. However, both our direct experience and a thorough review of publicly available information about this so-called "broker" revealed a number of serious concerns — most notably, the inability to withdraw funds and consistent delays in payments.
The company's opaque corporate structure, absence of any credible regulatory licence, and questionable registration details all give cause for serious distrust. Risky offerings such as copy trading and the "Safe" deposit feature raise further doubts. Add in prize draw promotions and competition promises that appear designed to attract rather than deliver, and the picture becomes clear. In our assessment, trading with IQcent carries significant — and potentially unavoidable — risk of capital loss.
To find a trustworthy broker, we recommend consulting our rating of reliable binary options brokers. Keep in mind that all trading involves risk. Before committing funds and beginning to trade, always research the broker thoroughly — and never invest more than you can afford to lose.
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