General Information
IQCent Is An Online Trading Platform Operated By Wave Makers LTD. It Offers A Range Of Financial Instruments Including Forex, Commodities, Indices, Cryptocurrencies, Options And CFDs. Although IQCent Offers Diverse Market Opportunities, It Is Important To Note That Brokers Are Not Regulated By Any Effective Regulator, Which Raises Concerns About The Level Of Investor Protection.
The Platform Offers Different Account Types To Meet The Needs Of Traders. Bronze, Silver And Gold Accounts Come With Different Features And Benefits Such As Live Video Chat Support, Quick Withdrawals, Trading Deposit Bonuses, Demo Accounts, Copy Trading Tools And Educational Resources. However, It Is Worth Mentioning That IQCent Has Received Negative Feedback And Complaints, Including Allegations Involving Pyramid Schemes, Which Highlights The Importance Of Exercising Caution When Considering This Broker.
Opening An Account With IQCent Involves Providing Personal Details, Choosing The Currency Of The Account And The Amount Of Capital Injected, As Well As Agreeing To Terms And Risk Statements. IQCent Also Offers High Leverage Options Of Up To 1:500 For Specific Account Holders, Which Can Expand Trading Positions, But Should Be Treated With Caution Due To Increased Risk. Although IQCent Does Not Provide Clear Information On Spreads And Commissions, It Offers A Minimum Order Size Of $0.01 And An Affordable Minimum Account Balance, Making It Accessible To Traders Of Different Budgets.
In Summary, IQCent Offers A Variety Of Market Tools, Account Types, And Trading Features. However, It Is Important To Be Aware Of The Lack Of Regulation, Negative Feedback, And Associated Risks. Traders Should Carefully Evaluate Their Options, And When Compared To IQCent.
Pros And Cons
Comprehensive, IQCent Presents A Mixed Picture Of Pros And Cons. On The Positive Side, The Platform Offers A Variety Of Market Tools, Offering Traders The Opportunity To Cross A Variety Of Asset Classes. The Availability Of Different Account Types Caters To Traders With Different Needs And Experience Levels, Offering A Range Of Features And Bonuses. Lower Minimum Order Sizes And Affordable Minimum Account Balances Make Trading Accessible To A Wide Range Of Investors. In Addition, The Inclusion Of Copy Trading Tools And High Leverage Options Can Be Beneficial For Those Seeking To Learn From Successful Traders Or Adopt More Advanced Trading Strategies.
However, It Is Essential To Consider The Downsides. IQCent Operates Without Regulation, Which Raises Concerns About Investor Protection And The Overall Legitimacy Of The Platform. Negative Feedback And Complaints, Including Allegations Of Involvement In Pyramid Schemes, Further Highlight The Need For Caution. The Lack Of Transparency In Spreads And Commissions Is Another Downside, Which Makes It Difficult For Traders To Assess The Cost Of Trading On The Platform. Before Deciding To Participate, It Is Necessary To Carefully Weigh These Pros And Cons And Consider The Associated Risks IQCent.
Pros: Multiple Market Instruments, Different Account Types With Different Features, Lower Minimum Order Sizes And Affordable Account Balances, Copy Trading Instruments And High Leverage Options
Cons: Lack Of Regulation, Negative Feedback And Allegations Of Participation In MLM, Lack Of Transparency On Spreads And Commissions
Market Instruments
IQCent Offers Traders Multiple Market Instruments To Trade. With Access To 100 Financial Instruments, Traders Can Engage In A Variety Of Asset Classes Including, Forex (Forex), Commodities, Indices, Cryptocurrencies, Options, And Contracts For Difference (CFDs). This Wide Selection Enables Traders To Explore Different Markets And Potentially Find Opportunities That Match Their Trading Strategies And Preferences.
Account Types
IQCent Offers Different Account Types To Meet The Different Needs Of Traders. This Is Provided By A Description Of The Account Types IQCent:
1. Bronze Account:
Bronze Account Is The Basic Account Type Provided By IQCent. It Offers Traders A Variety Of Features Including 24/7 Live Video Chat Support, In 1 Hour, A Bonus Of 20% On The Total Trading Margin, A Demo Account For Practice, And A Copy Trading Tool For Copying Trades Of Other Traders. This Account Type Is Suitable For Traders Who Are Looking For A Simple Trading Experience.
2. Silver Account:
The Silver Account Is An Upgraded Version Of The Bronze Account That Offers Additional Features. In Addition To All The Features Of The Bronze Account, The Silver Account Offers Traders A Bonus Of 50% On The Total Trading Margin. Traders With A Silver Account Also Have Access To Masterclasses, Which Include Web Courses For Enhanced Learning And Trading Knowledge. The Silver Account Is Suitable For Traders Who Require More Advanced Trading Tools And Educational Resources.
3. Gold Account:
The Gold Account Is IQCent And Offers Advanced Features To Traders. In Addition To The Features Available In Bronze And Silver Accounts, Gold Account Holders Can Enjoy A Bonus Of 100% On The Total Trading Margin. They Also Receive The Benefits Of A Personal Success Manager Who Can Provide Tailored Guidance And Support. Gold Accounts Are Designed Specifically For Experienced Traders Or Those Looking For A More Personalized Trading Experience.
Leverage
IQCent Offers High Leverage Options For Select Account Holders With Leverage Ratios Up To 1:500. Leverage Allows Traders To Build Positions In Excess Of Their Account Balance, Potentially Amplifying The Impact Of Their Trades. It Is Important To Note That High Leverage Levels Increase Risk And They May Not Be Suitable For Inexperienced Traders. However, Experienced Investors Who Understand The Risks Involved May Find The Availability Of Highly Leveraged Options Beneficial To Their Trading Strategy.
Spreads And Commissions
IQCent Does Not Provide Explicit Information Regarding Spreads And Commissions. Unlike Many Other Brokers That Offer Spreads Between 1 Pip And 1.5 Pips, Specific Spreads For Currency Pairs Such As EUR/USD Are Not Specified. However, IQCent Does Offer A Small Minimum Order Volume Of $0.01, Which Can Benefit Traders Interested In Low-value Assets Or Those Who Prefer To Make Small Trades.
IQCent Also Offers Affordable Minimum Account Balances, Usually From $500, Although This May Vary By Region. Funding Your Account Up To $1,000 May Qualify You For A Trading Bonus, Thus Increasing Your Trading Opportunities.
Additionally, IQCent Offers No-commission Trading, Allowing Traders To Execute Trades Without Incurring Additional Commissions. The Low Trade Minimum Of $0.01 Makes The Platform Suitable For Traders Who Adopt Short-term Trading Strategies That Involve Multiple Small Trades Throughout The Day.
While The Lack Of Clear Information On Spreads And Commissions Can Be A Problem, A Lower Minimum Order Volume And Affordable Account Balance Can Make IQCent Attractive To Traders Who Seek Flexibility And Accessibility In Their Trading Activities.
Trading Platform Available
IQCent Offers A Proprietary Trading Platform Containing Different Chart Types, Including Time-share Charts And Candlestick Charts, Instead Of The Industry-recognized Mt4 Or Mt5 Trading Platforms.
Trading Tools
IQCent Offers A Number Of Trading Tools To Enhance The Trading Experience, Including Copy Trading Tools That Allow Traders To Copy Trades Made By Other Traders.
Deposits And Withdrawals
IQCent Offers The Option To Deposit And Withdraw Funds From Your Trading Account. The Following Is A Brief Introduction To The Deposit And Withdrawal Process:
Deposit: IQCent Allows Users To Fund Their Trading Accounts Using A Variety Of Methods, Including Credit Cards, Debit Cards, Bitcoin, Cryptocurrencies, And Perfectmoney. The Minimum Deposit Amount Required For IQCent Is Just $10, Making It Available To Traders With Different Budget Levels. This Lower Minimum Deposit Requirement Enables Traders To Start Trading With Relatively Small Amounts Of Money.
Withdrawals: When It Comes To Withdrawals, IQCent Specifies That There Is A 5% Commission Charged By The Payment System For Withdrawals Via Credit And Debit Cards. It Is Important To Note That This Commission Is Charged By The Payment System, Not IQCent. The Withdrawal Process Is Usually Effective And IQCent Is Designed To Process Withdrawals Within A Maximum Of 1 Hour After Confirmation.
Trading Tools
IQCent Offers Traders A Selection Of Trading Tools To Enhance Their Trading Experience. A Well-known Tool By IQCent Is The Copy Trading Feature. This Tool Enables Traders To Copy The Trades Of Other Traders, Enabling Them To Benefit From The Expertise And Strategies Of Successful Traders. By Copying Trades, Traders Can Potentially Improve Their Own Trading Results And Gain Insight Into Profitable Trading Methods.
Payment Methods
IQCent Offers A Range Of Payment Methods To Fund Your Trading Account. The Following Are The Available Funding Methods Offered IQCent:
1. Credit Card (VISA/MasterCard): IQCent Accepts Payments Via Major Credit Cards, Such As Visa And Mastercard. This Method Allows For Fast And Reliable Transfers. However, It Is Important To Note That Payment Systems May Charge A 5% Transfer Fee Instead Of Brokers. The Timing Of Funds For Credit Card Payments Is Usually Instant, Ensuring That Your Funds Can Be Accessed Immediately Into Your Trading Account. Withdrawals Via Credit Card Are Processed Within A Maximum Of 1 Hour After Confirmation.
2. Bank Telegraphic Transfer: IQCent Supports Bank Telegraphic Transfer To Fund Your Trading Account. Bank Telegraphic Transfer Is A Safe And Widely Accepted Payment Method. However, Specific Details Regarding The Transfer Fees And Timing Of Funds Are Not Provided In The Given Information.
3. Cryptocurrencies (Bitcoin, Ethereum, Counterfeit Products Coins): IQCent Allows The Use Of Popular Cryptocurrencies Such As Bitcoin, Ethereum And Counterfeit Products Coins To Fund Your Account. Transfers Made Via Cryptocurrencies Are Usually Free Of Charge, Which Means That No Transfer Fees Are Charged To IQCent. Funds Made Using Cryptocurrencies Are Usually Instant, Ensuring That Your Funds Can Be Used Quickly For Transactions. Withdrawals Made Via Cryptocurrencies Are Processed Within A Maximum Of 1 Hour Of Confirmation.
It Is Important To Note That IQCent Emphasises Secure Handling, As Shown In Their 256-bit Encrypted Ssl Certification. In Addition, They Mention The Safety Of Funds From European Banks, Providing Traders With Additional Assurance. Please Keep In Mind That While IQCent May Not Charge Transfer Fees, Third-party Fees May Still Apply. Funds And Withdrawal Times May Vary, And There May Be Delays In The Funding Process During Weekends And Public Holidays.
Customer Support
IQCent Prioritizes Customer Support And Provides Assistance To Traders When Needed. Their Customer Support Team Is Available 24/7 To Address Any Queries Or Concerns Traders May Have.
CONCLUSION
Comprehensive, IQCent Offers A Range Of Trading Opportunities Through Multiple Market Instruments Across Different Asset Classes. The Availability Of Different Account Types Allows Traders To Choose The Account That Suits Their Needs, While The Option Of High Leverage Can Be Beneficial For Experienced Traders. Lower Minimum Order Volumes And Commission-free Trading Make It Accessible To Traders Of All Capital Levels. However, IQCent's Lack Of Regulation And Negative Feedback Have Raised Concerns About Its Legality And Latent Risk. The Lack Of Clear Information On Spreads And Commissions Is A Drawback And Traders Should Exercise Caution When Considering IQCent As Their Trading Platform. It Is Recommended That Thorough Research Be Conducted Before Participating, To Evaluate The Associated Risks And To Explore Regulated Alternatives To IQCent.
