Do you want to access the world of online trading but need to know which platform to choose? When it comes to online trading, the platform you use can make all the difference. When choosing a broker, you should look for things like an easy-to-use interface, fast execution speeds, and a wide range of tools. IQcent is an online broker that lets you trade forex, stocks, and cryptocurrencies, among other things.
In this blog post, we decided to do an iqcent review and explain how it works. You’ll understand how the platform works and be able to make smart choices about your investments.
An Overview of IQcent
IQcent is an online trading platform founded in 2017 that started offering its services in 2020. Today, it provides access to various markets. IQcent offers competitive spreads starting at 0.7 pips with a leverage ratio of up to 1:100 on all trades.
IQcent also provides a free demo account for users to practice their trading strategies before going live with their capital. To open an account on the platform, just $20 is required as a minimum deposit, and traders can select from three different currencies (USD, EUR, or GBP) for holding their funds in the accounts. The platform also has a mobile app, making it easier for traders to monitor their trades.
Trading Services Offered by IQcent
IQcent offers a wide selection of tradable assets. It allows users to trade over 100 assets, like cryptocurrencies, forex currencies (USD/EUR), indices (Dow Jones, S&P 500), and commodities (gold, silver). The platform also has integrated analysis tools that can be used for any analysis needs a user might have.
Features and Functionality of the IQcent Platform
- The IQcent platform is user-friendly, with intuitive navigation throughout all site sections.
- It uses SSL-certified 256-bit encryption technology for added security, so your transactions are always kept safe.
- Withdrawals are processed in 1 hour or less upon receipt of a customer request, meaning no additional waiting time is necessary on your part when withdrawing funds from your account!
- 3D Secure is enabled on the platform, ensuring only authorized access is permitted through a multi-level authentication process that can further protect against malicious activity, fraud attempts, and identity theft.
Account Types and Pricing
IQcent offers three different account types: Bronze, Silver, and Gold.
With the Bronze account, you get 24/7 live video chat support alongside withdrawal times of 1 hour or less for those who need quick access to their funds.
You also enjoy a 20% bonus when using this account type, plus access to a demo account that lets users try their trading strategies without risking any real money.
You also gain access to the Copy Trading tool, which gives you further insight into other successful traders’ strategies on the platform so that you can also benefit from them.
The Silver Account still ups the stakes with 24/7 live video chat support, but now has faster withdrawals at just 1 hour or less instead of 2 hours like with some competitors.
Withdrawals are usually much quicker than on most other platforms, on top of the 50% bonus available with this Platinum tier package.
Users can use demo accounts, copy trading, and web-based Master Class tutorials as much as they want for free. These help them learn everything they need to know to become professional derivative traders.
They also qualify for three risk-free trades, guaranteeing up to 75% returns no matter what happens in their first few trades.
Gold Account holders can use live video chat support 24 hours a day, 7 days a week, get a 100% bonus on deposits, and use a demo account to try out trading strategies without risk.
With the copy trading tool, new traders can learn about the market by copying the strategies of successful traders.
Master class web sessions conducted by industry experts, free first three trades for all new members, and a personal success manager who assists in setting goals and achieving results through trading activities.
Account Fees and Charges
When using IQcent’s services, there are various fees associated with trading. These include spreads, commissions, and margins. If a currency pair has the JPY as its designated currency, one pip is worth 0.01; in contrast, all other combinations of currencies are associated with a pip value of 0.0001.
The site charges no commission; only the spreads applicable to each market traded are what you pay, which can vary depending on your account type and whether you’re trading manually or through an automated trading system such as an Expert Advisor (EA).
IQCent does not charge fees when using bank transfers, Neteller, or Skrill. Banks sometimes take a fee, so check with them before trading on IQCent.
IQcent is an online broker that lets traders invest in multiple assets. Considering IQcent as a potential trading option, weigh all pros and cons, and do thorough research before making an investment decision.