IQCent-Overview of Minimum Deposit, Spreads & Leverage

IQCent Information

Founded in 2017, IQCent is registered in the Marshall Islands. It provides simplified web and mobile interfaces, enables crypto and fiat funding methods, and caters to traders of different skill levels via tiered accounts. Its absence of regulation and expanded openness, meanwhile, is a drawback.

Pros and Cons

Is IQCent Legit?

IQCent is an unregulated broker. Though it says to be registered in the Marshall Islands, it is not licensed or monitored by the Marshall Islands Financial Services Authority (FSA) or any other acknowledged financial authority.

WHOIS records show the domain iqcent.com was registered on January 30, 2017 and now expires January 30, 2026. Last updated the domain was April 24, 2024. Its present condition is “client transfer prohibited,” which means it is shielded from unapproved modifications including domain transfers.

What Can I Trade on IQCent?

Covering a range of markets including currency pairs, cryptocurrencies, commodities, and indices, IQCent says to provide access to more than 100 trading assets.

Account Types

IQCent offers four types of live trading accounts: Bronze, Silver, Gold, and VIP, each tailored to different levels of trading experience and deposit sizes. While an Islamic (swap-free) account option is not mentioned, a demo account is clearly available starting from the Bronze level.

Leverage

IQCent offers leverage of up to 1:500, allowing traders to control positions that are 500 times larger than their actual investment.

IQCent Fees

QCent provides zero registration and maintenance fees, which lowers the barrier for entry. However, lack of transparency around actual spreads and overnight swap fees (for holding positions past market close) could be a limitation for cost-sensitive traders.

Trading Platform

Deposit and Withdrawal

IQCent does not charge any deposit or withdrawal fees.

The minimum deposit amount is $250, and the minimum withdrawal amount is $20.

Deposit Options

Withdrawal Options