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iqcent

Marshall Islands|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://iqcent.pro/

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Contact

https://iqcent.pro/
Nr. 103581, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960
https://twitter.com/iqcent

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No valid regulatory information, please be aware of the risk!

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Company Name

Wave Makers LTD

Company Abbreviation

iqcent

Platform registered country and region

Marshall Islands

Company website
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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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iqcent · Company Summary

iqcent Review Summary
Company Name Wave Makers LTD
Registered Country/Region Marshall Islands
Regulation No Regulation
Market Instruments Forex, Currencies, Indices, Commodities, Cryptocurrencies, etc.
Demo Account Yes
Leverage 1:500
Spread N/A
Fees No Maintenance or Registration Fees
Minimum Deposit $50
Customer Support 24/7 - Live Chat, Social Media: Instagram, X
Company Address Nr. 103581, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960

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.

iqcent's homepage

Pros & Cons

Pros Cons
  • Low Minimum Deposit
  • No Regulation
  • 24/7 Customer Support
  • Demo Account Offered
  • High Leverage
  • No Maintenance or Registration Fees

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:

  • No Regulation: One notable drawback is that iqcent operates without regulation. While this may offer certain freedoms, it also means that users do not benefit from the investor protection measures typically provided by regulated brokers.

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.

No license
  • 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.

Account Comparison

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.

bonus rules

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.

User Reviews

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George Boyd
0-3months
For traders like myself operating with small initial capital, IQCent's offering of leverage up to 1:The ability to lock up 500 on some assets generates massive and unstoppable accounts growth. In the initial stages, with the help of responsible position sizing and high leverage ratios, I managed to grow my $500 deposit to over $7,500. Certainly, capitalizing always demands prudent risk handling. On the contrary, IQCent offers an excellent leverage maximum that can be used to grow small accounts into huge ones.
2024-04-17 13:08
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Bradley Vega
0-3months
I like competing in IQCent's weekly trading contests to win cash prizes up to $500 while honing my skills. Unlike most contests, these have a reasonable entry fee and you compete using a demo account - so there's no risk, only rewards if you win. I've come close to winning several times now, which keeps me coming back. The contests require flawless discipline to climb the leaderboard. Even though I haven't finished first yet, participating has made me a much stronger trader. I've certainly improved more than I would have just trading normally. IQCent's contests add an exciting dimension to the trading experience.
2024-03-05 23:40
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Ray Johnson
0-3months
I started trading with IQCent specifically because they offer micro-trades as low as $0.01. This gave me affordable, low-risk access to global markets as a beginner. I could practice live trading and try out strategies with tiny position sizes. Making many small trades has allowed me to gain experience without high capital requirements. However, IQCent only offers CFDs on 4 total stocks – a very limited selection. I’d like to be able to trade CFDs on popular tech stocks and blue-chips to implement more diverse strategies. More assets would improve the experience. But the micro-trades have been invaluable for safely building my skills.
2024-02-28 19:29
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Bobby Sanchez
0-3months
IQCent’s weekly demo trading contests are an enjoyable way to compete with other traders for cash prizes up to $500. The contests have made me a more disciplined trader by testing different strategies under the intensity of competition each week. However, with CFDs on just 4 stocks available, it’s tough to trade a truly diversified portfolio when going for the top spot. The contests would be even more interesting if they offered CFDs on an expanded selection of popular stocks. Still, participating each week has accelerated my learning curve even without winning yet. The contests are a fun motivator.
2024-02-26 17:58
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Nathan Larson
0-3months
I've achieved superb forex trading results simply by copying IQCent's top traders through their copy trading program. It's opened my eyes to how profitable mirroring pros can be vs. trading myself as a novice. I've steadily grown my account over 40% this year without needing to analyze charts or identify trades myself. Once set up, copy trading handles everything automatically by perfectly mirroring positions from the best. I'm so glad IQCent offers this feature - it provides effortless success for amateurs like myself. I only wish they had more stock CFD selection. But the copy trading service itself is outstanding.
2024-02-24 20:00
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Eddie Martinez
0-3months
Just last week, I had an urgent issue placing an options Call order right as the US session opened on a Monday. I contacted IQCent's 24/7 live chat support at 7 am and was stunned by how quickly they resolved the problem. Within two minutes, I was chatting with a friendly agent named Chris who apologized and swiftly fixed the issue so I did not miss getting my order filled at the open. While I was extremely grateful, I did mention it would be even more helpful if they offered MetaTrader 4 in addition to their proprietary platform. The advanced options tools on MT4 make complex spread orders easier to implement. But the readily available support is still a huge benefit I've come to depend on as a very active trader.
2024-02-15 21:58
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Ted Jackson
0-3months
As a seasoned trader, I was initially skeptical of "copy trading" services. However, I gave IQCent's copy trading a try and it has significantly outperformed my own trading this year. By automatically copying top-performing portfolios, I've managed to steadily grow my account without constantly monitoring the markets. It has been amazingly simple to implement. I just pick a successful trader and the platform handles mirroring every trade they make. I'm grateful IQCent offers this feature. Copy trading has provided effortless profits compared to the time required when trading myself as an *******. I only wish they offered CFDs on more stock choices. But the copy trading itself works flawlessly.
2024-02-04 16:48
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Gary Yates
3-6months
Recently, I tested IQCent's much-touted 1 hour withdrawal guarantee by requesting a same-day wire transfer payout. Even though it was a large $15k withdrawal request, impressively, the money landed in my bank account in under 45 minutes per their promise! Rapid access to my capital is so important as an active trader. My only suggestion would be to expand their asset selection to include more global stocks. But for withdrawal speed alone, IQCent is truly best-in-class based on my experience withdrawing sizable amounts.
2023-12-10 17:32
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Larry9715
3-6months
I love participating in IQCent's trading contests to challenge my skills against other traders. Competing keeps me focused on executing good trades quickly while managing risk. My account also grows faster thanks to the increased trading activity that contests motivate. While I haven't won yet, the public leaderboard format pushes me to refine strategies that stack up against top traders. Just yesterday, observing the leaderboard helped me spot overtrading mistakes that were shrinking my balance. Contests provide great accountability. The only thing I dont like about the broker is the short period before accounts are deemed inactive and charged fees.
2023-12-08 02:02
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Simon 3520
3-6months
I mainly traded crypto and was drawn to IQCent for the ability to use up to 1:500 leverage on my positions. During the last major bull run, I spotted a breakout opportunity forming in Bitcoin, so I opened a long trade with 1:500 leverage. The trade played out perfectly - Bitcoin surged higher over the next several days, just as I had anticipated. But with the full 1:500 leverage, my potential profits were massively compounded. Thanks to the astronomical leverage, my modest $2,000 trade position yielded a whopping $8,000 net profit! I did learn that such high leverage necessitates using tight stop losses. But when used wisely, leverage this high can dramatically multiply gains on promising trade setups. It just requires proper risk management.
2023-12-03 21:39
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Roland5942
3-6months
I'm thrilled that IQCent processes withdrawals within one hour during business days. But I'd suggest having a longer period before charging inactivity fees on dormant accounts. I took a break from trading for several months and saw inactivity fees had been deducted from my balance. Given their quick withdrawal processing, a longer inactivity grace period is fair. That said, their stellar, 24/7 customer service team was kind enough to sort out my issues on multiple occasions. So, I'm still very satisfied with their withdrawal guarantee and support team.
2023-12-02 17:05
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Bruse
3-6months
I mainly trade major forex pairs on IQCent and enjoy the ability to use up to 1:500 leverage on my positions. This allows me to magnify my gains during promising trade setups. Recently, I identified a bullish pattern on the EUR/USD, so I entered a long trade with 1:500 leverage. The trade went as anticipated, and the leverage amplified my profits tremendously, allowing me to hit my profit target much faster.
2023-11-30 02:28
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Thomson5650
3-6months
IQCENT attracted me with promises of up to 1:500 leverage for forex trading. I’ve enjoyed the leverage and also think the interface is intuitive enough for trying to place trades or analyze price charts. It's also not lacking in educational resources, which helped me learn to trade properly as a newbie thanks to its copytrading section. However, the asset selection is low, with only 4 stocks to choose from. While the high leverage initially appealed to me, the fewer stocks is not what I expected Still, its a fair enough platform for traders of all skill levels.
2023-11-23 01:47
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Paddy96
more than one year
Okay, I thought, you've paid the dues again and now I wanted to have the rest of my money transferred back. After the verification I was ready. What is coming now shows more than clearly that this company is a single fraud. When paying back the bitcoins, you are then told that you have to make a minimum turnover of around 7500 euros in order to “withdraw” anything at all. So I can't get my remaining money.
2023-03-05 20:31
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Paddy96
more than one year
There is also the possibility of copy trading on IQcent. However, it is always only the "same" 10 or 12 alleged members who are listed there. Strange strange. Allegedly, some of these users have a win rate of up to 300%. However, my experience is that you lose 9 out of 10 automated trades.
2023-03-05 20:30
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Paddy96
more than one year
After some time with experience on the account, I once had the fun of trading the same market, with the same timeframe etc. on IQcent and Pocketoption at the same time. It was funny that the courses were completely different. The difference was more than 20 cents on the currency pair I was trading. Here one can no longer speak of different spreads with different brokers. This spread is impossible!!!
2023-03-05 20:30
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Paddy96
more than one year
When you trade, you only ever trade with your deposited money. The alleged bonus cannot be "gilded" at any time.
2023-03-05 20:29
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Paddy96
more than one year
Another thing that didn't make me sit up and take notice is that if you deposit 250 euros, you get a bonus of as much as 400 euros upon request by email. So I had 650 euros in the account. Generous right? Not even close. Money is nothing but monopoly money. Worthless.
2023-03-05 20:29
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Paddy96
more than one year
Less than a minute after I got the error message, I got a call from New York. They told me there was a problem with Visa "now" if I had bitcoins to pay. I paid in bitcoins since I had some. I idiot should have noticed. It's a pity I'm so stupid. So if Visa isn't working, be sure to keep your hands off it. Otherwise you can ask Visa for a refund...
2023-03-05 20:28
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Paddy96
more than one year
1. I would like to start off by saying that I also have an account with Pocketoption and I thought why not try a provider. Well thought, done. So I opened an account with IQcent and deposited 250 euros. Actually, I wanted to deposit with Visa, but that didn't work.
2023-03-05 20:28
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