IQCent vs BinaryCent
| IQCent | BinaryCent |
|---|---|
3.7
IQCent is #2 in our binary options broker rankings. |
3
BinaryCent is #7 in our binary options broker rankings. |
 Traders from US accepted |
Traders from US accepted |
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IQCent is an offshore binary options and CFD broker based in the Marshall Islands. The brand continues to offer a range of unique account types with bonuses and perks, including payout boosts, TradeBacks and free rollovers. With 100+ assets, around-the-clock trading and 98% payouts, the firm is popular with aspiring short-term traders. |
BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500. |
| Customer Reviews | |
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3.3
Based on 4 IQCent customer reviews
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| Bonus Offer | |
| 20% to 200% Deposit Bonus | 20% - 200% deposit bonus |
| Promotions | |
| Comment by Reviewer | |
| "IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. " | "Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Binary Options, CFDs, Forex, Indices, Commodities, Crypto | CFDs, Forex, Stocks, Cryptos, Options, Commodities |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $250 | $250 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| $0.01 | $0.01 |
| Regulator | |
| IFMRRC | VFSC |
| Margin Trading | |
| Yes | Yes |
| STP Account | |
| No | No |
| ECN Account | |
| No | No |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | No |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| Mobile Apps | |
| iOS & Android | iOS, Android |
| App Review | |
IQCent offers mobile trading directly through major browsers with an intuitive design that we love. You can navigate your account, browse assets and trade binaries in a few clicks. Straightforward access to the copy trading feature at the bottom is also a bonus, alongside the interactive charts which you can pinch to zoom. |
BinaryCent, like most binary brokers, doesn’t offer its own app – just trading through mobile browsers. In this instance, the result is an average workspace with relatively crisp graphics, one-tap trading and access to copy trading from the menu at the bottom. However, charts don’t optimize well when you turn the device horizontally and the pop-up promotions were distracting during testing, detracting from the overall user experience. |
| Android App Rating | |
4.1 |
3 |
| iOS App Rating | |
4.3 |
3 |
| Auto Trading | |
| No | Centobot for binary options |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| A copy trading service is pre-integrated into the broker’s web platform, where you can follow and replicate the trades of up to 10 established investors. Where it shines is its ease of use - you simply decide how much you want to invest and hit 'copy'. On the downside, the pool of master traders is narrow and you get limited data on past performance, making it less reliable. | The copy trading tool is available for all account types, including the lowest - Bronze. You can pick a trader based on their returns and ranking. The sign-up process is quick and account activation is instant. |
| Social Trading | |
| Yes | Yes |
| VPS Hosting | |
| No | No |
| Tournaments | |
| Yes | Yes |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | Yes |
| Inactivity Fee | |
| $10 | |
| Islamic Account | |
| No | No |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| CFDs are available on forex, indices, commodities and cryptos, although the range of 100+ instruments is limited compared to alternatives such as Quotex with 400+. Leverage is available up to 1:500 but the $250 minimum deposit is noticeably higher than competitors. | You can take positions on a range of popular trading markets including forex, stocks, energies and metals. Leverage is high at 1:500 and live spreads can be viewed in the web-accessible platform and app. |
| Leverage | |
| 1:500 | 1:500 |
| FTSE Spread | |
| 1.4 | Floating |
| GBPUSD Spread | |
| 0.8 | Floating |
| Oil Spread | |
| 0.05 | Floating |
| Stocks Spread | |
| N/A | Floating |
| Forex Trading | |
| IQCent traders can access CFDs or binary options on 45+ forex pairs. CFD spreads start from 0.3 pips and binary options payouts are decent up to 95%. This is competitive compared to Pocket Option, for example, offering forex payouts up to only 81%. | Trade 24 forex pairs via binary options. Such a small range of currency pairs is not that unusual among binary options brokers, and BinaryCent's high payouts up to 95% compensate for the lack of range. |
| GBPUSD Spread | |
| 0.8 | Floating |
| EURUSD Spread | |
| 0.3 | Floating |
| EURGBP Spread | |
| 0.8 | Floating |
| Assets | |
| 49 | 25+ |
| Cryptocurrency | |
| IQCent offers 17 crypto pairs through its proprietary terminal, including Bitcoin, Ethereum and Litecoin. Leverage on crypto CFDs is capped at 1:10, whilst binary options payouts vary by token but remain competitive. OTC assets, for example, pay out up to 95%. | BinaryCent offers trading on a decent list of cryptocurrencies, including major tokens like Bitcoin. The broker also accepts crypto deposits and withdrawals, making it straightforward to fund, trade and manage your activities in digital currencies. |
| Spread | |
| Variable | N/A |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Binary Options | |
| IQCent offers binary options with above-average payouts up to 98%. The broker supports an online platform with basic analysis tools but a wide range of timeframes, from 1 minute to 1 month, catering to short and long term trading strategies. Considering the negatives, there are no binaries on stocks. | BinaryCent provides binary options trading on a range of markets through a slick proprietary platform. Traders can invest as little as $0.10 per trade and earn payouts up to 95%, and these are excellent terms that accommodate casual and low-capital traders while allowing profit opportunities. |
| Payout | |
| 98% | 95% |
| Expiry Times | |
| 5 seconds - 1 month | 5 seconds - 30 days |
| Ladder Options | |
| No | No |
| Boundary Options | |
| No | Yes |
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