What Is iqcent？
IQcent, operated by Wave Makers LTD and registered in the Marshall Islands, is an all-in-one online trading platform. However, it currently has no regulations.
Pros & Cons
Pros:
Low Minimum Deposit: iqcent offers a low minimum deposit requirement, making it accessible for traders with various budget sizes to start trading.
24/7 Customer Support: With 24/7 customer support available, users can receive assistance at any time, so their queries and concerns are promptly addressed.
Demo Account Offered: iqcent provides a demo account option, allowing users to practice trading strategies and familiarize themselves with the platform's features risk-free before committing real funds.
High Leverage: iqcent offers high leverage of 1:500, providing traders with the opportunity to amplify their positions and potentially increase their profits.
No Maintenance or Registration Fees: iqcent does not charge maintenance or registration fees, ensuring that users can trade without incurring additional costs beyond the spread and any applicable commissions.
Cons:
Is iqcent Safe or Scam？
Regulatory Sight: iqcent is currently functioning without any regulation, meaning it does not fall under the supervision of any financial regulatory bodies and does not possess any licenses to operate in the financial market. The absence of any such oversight raises concerns about the firms adherence to financial standards and regulations, increasing the risk for investors.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this broker.
Market Instruments
With over 100 trading assets available in iqcent, traders have ample opportunities to create a diversified portfolio tailored to their financial goals and trading preferences:
Forex: Traders can access a wide range of currency pairs, allowing them to speculate on the exchange rate movements of major, minor, and exotic currency pairs.
Currencies: In addition to Forex, iqcent offers trading opportunities in various fiat currencies, providing further options for currency trading.
Indices: Traders can trade on popular stock market indices, enabling them to speculate on the performance of entire stock markets or specific sectors.
Commodities: iqcent allows traders to trade commodities such as precious metals (gold, silver), energy (crude oil, natural gas), and agricultural products (corn, wheat), providing exposure to diverse commodity markets.
Cryptocurrencies: The platform offers trading in a variety of cryptocurrencies, including popular ones like Bitcoin, Ethereum, and Litecoin, as well as numerous altcoins, allowing traders to participate in the rapidly growing cryptocurrency market.
Account Types
iqcent provides users with multiple account types. Users can choose a small initial capital of just $50 to open an account or invest more to enjoy more features and better trading conditions. The minimum deposit is clearly listed in the table below. What's more, for gold, VIP, or upper levels, users can enjoy the services of a personal manager.
Leverage
iqcent offers leverage of up to 1:500 for trading. With a maximum leverage of 1:500, traders can magnify their trading positions by up to 500 times the amount of their initial investment, enabling them to potentially enhance their trading opportunities while also increasing their risk exposure. This leverage is considered very high, risky and competitive in the industry.
Fees
iqcent imposes no maintenance or registration fees, making it advantageous for traders seeking cost-effective trading options. However, while the platform generally does not include these fees, there are some exceptions when it comes to bonuses.
Bonus
General Rules:
Bonuses and trading credits are part of High BTC Stock's promotional programs and are subject to change.
High BTC Stock reserves the right to refuse, cancel, or change bonuses at any time with prior notice.
Bonuses are paid in the base currency of the account selected upon registration.
If the deposit on which the bonus is given is withdrawn before meeting the turnover requirement, the bonus will be canceled, and trading losses will come from the original deposit first.
Bonuses must be used to place trades, and any profits made using the bonus can be canceled at the discretion of High BTC Stock.
Withdrawal Conditions and Fees - Accounts with Bonus:
To qualify for a profit of initial deposit withdrawal with an account awarded a bonus, the funds deposited and the bonus must be turned over three times.
Subsequent deposits must also be turned over before any funds can be released.
International wire transfer withdrawals will incur a $50 transfer fee.
If the turnover requirement has not been met, a maintenance fee of 20% on each withdrawal amount applies, to be paid by the client.
High BTC Stock may cancel any bonus awarded to the client at the time of withdrawal under certain circumstances, such as failure to comply with obligations or regulatory requests.
Deposit & Withdrawal
iqcent offers a diverse range of payment methods to facilitate the receipt and transfer of funds. These options include digital currencies, providing flexibility for those who prefer cryptocurrency transactions, as well as conventional methods such as debit cards. By offering multiple payment avenues, iqcent ensures accessibility and convenience for its clients, enhancing their overall trading experience.
Customer Support
In iqcent, with 24/7 availability, clients can access live chat support whenever assistance is needed, so users can solve their problems in time. Additionally, iqcent maintains a presence on social media platforms like Instagram and X, so users can see the updates of iqcent. Moreover, the company's physical address at Nr. 103581, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 allows users to visit the company in person.
Conclusion
iqcent is an all-in-one trading platform with multiple market instruments supported. It has a featured bonus structure and low minimum deposit, combined with several advantageous trading features. However, it holds no regulations, so users need to be more cautious.
Frequently Asked Questions (FAQs)
Q: What is the minimum deposit required？
A: The minimum deposit required is $50.
Q: What is the maximum leverage iqcent can offer？
A: The maximum leverage iqcent can offer is 1:500.
Q: Can I contact its customer service at any time？
A: Yes, you can. Its customer service is available 24/7.
Q: Is iqcent regulated or not？
A: No, it is not regulated.
Q: Is a demo account available here？
Q: Yes, it is available.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
