IQCent is an unregulated / offshore Forex & Binary Options broker.
Owned and operated by; Wave Makers LTD, they are based in the Marshall Islands. Contact phone number is; United States: (829) 947-6383 and Australia: +61855507288. Email address is; [email protected], and the official website is at: https://iqcent.pro/.
IQCent Review
The trading system that IQCent gives their clients in a proprietary system that is used by a few of the brokers under the Wave Makers umbrella. They offer 3 types of binary options; Turbo, Intraday and Long Term options. The Turbo options are for 30 seconds, 1, 2, 5, 10, 15 and 30 minutes. Long term binary options are listed for a few weeks out.
Most automated trading systems don’t work, and they are not profitable. Before using a trading app you heard about on Instagram, read about the scam.
Forex CFD trading is available with up to 1:500 leverage, with 1 pip spreads on the EURUSD pair. Underlying assets available for trading include the standard: Forex / Currencies, Commodities, Crypto, Market Indices, and Popular Stocks.
Minimum deposit for a new trading account at IQCent is $500, and the minimum trade size is $10. Accounts can be funded with Credit Card, Bitcoin, Crypto Currency or Perfect Money. The minimum withdrawal size is $50. Each week this broker holds a trading competition, with various prizes going to the person who makes the most trades.
IQCent Bonus
IQCent offer new clients a bonus of up to 100%, if they deposit over $3,000. Any time a broker is offering “bonus money” it is important to know that there are certain terms and conditions attached to the money. Make sure you understand their rules, because the most important rule in life is, there is no such thing as free money.
There are many complaints in the investors forum from traders who took bonus money without understanding how it works.
Is IQCent a Legit Broker?
No, IQCent is not licensed and they are not a regulated broker.
Scam Broker Investigator has reviewed more than 800 brokers since opening in 2013. We found that the best way to determine if a broker is legitimate or a scam, is to check if they have a license from your local government financial regulator.
Smart investors only use a licensed broker, because there have been many withdrawal problems with offshore brokers. By using a licensed broker, you can be assured that the price feed is accurate, trades are executed correctly, and your broker will not disappear one day. You can find all of the licensed broker reviews by looking here.
Warning! FINRA recently published an investor alert regarding offshore brokers. Read the alert on FINRA’s website here.
Please share with other investors, your experience investing with the brokers at IQCent in the comments below.