Overall, IQCent fees and spreads are not specified on its website. IQCent does not impose deposit fees or withdrawal fees, and all bank processing fees are covered by IQCent. IQCent does not offer spread betting and thus spread betting fees do not apply.
IQCent at a glance
|🔍 Broker's name||IQCent|
|🏛 Headquarters||Majuro, Marshall Islands|
|📅 Year founded||2017|
|🏛️ Regulating Authorities||Not regulated|
|🌐 Countries not accepted for trade||United States|
|📒 Demo account||Yes|
|☪️️ Islamic account||Not indicated|
|📒 Institutional account||Not indicated|
|👮 Managed accounts||Not indicated|
|📊 Maximum leverage||1:100|
|💰 Minimum deposit||$10|
|➕ Deposit options||Visa, Mastercard, Bitcoin, Ethereum, Altcoins|
|➖ Withdrawal options||Visa, Mastercard, Bitcoin, Ethereum, Altcoins|
|📊 Tradeable assets offered||Forex currency pairs, Commodities, Indices, Binary options, Cryptocurrencies|
|💬 Languages supported on website||English, Russian, Spanish|
|💬 Customer support languages||Multilingual|
|💻 Platforms provided||Own proprietary|
|📲 OS Compatibility||Not indicated|
|☎️ Customer service hours||24/7|
📱 Trading Desk
📈 Total Pairs
🕒 Account Activation Time
🏛️ Visit Broker
IQCent Fees and Spreads Review – 5 Key Point Quick Overview Revealed (2022):
It’s unclear whether IQCent receives a brokerage fee on spreads or charges commissions for trade executions.
IQCent’s website does not indicate whether short positions or long positions that are held overnight will be charged with swaps.
IQCent fees and spreads Pros and Cons
|✔️ Pros||❌ Cons|
|No deposit fees or withdrawal fees charged||Not regulated|
|Demo account offered||No indication of commission charges|
|Limited currency options|
|Islamic Account/Swap-free accounts not provided for Muslim traders|
|No tight spreads offered|
IQCent fees and spreads
|🔍 Account features||🥉 Bronze Account||🥈 Silver Account||🥇 Gold Account|
|💰 Minimum deposit||$10||$1000||$3000|
|💻 Platforms provided||Own proprietary||Own proprietary||Own proprietary|
|📊 Commission charges||$3.50 per lot||Zero commission charges||Zero commission charges|
|☪️️ Islamic account||Not indicated||Not indicated||Not indicated|
|📒 Spreads||Not indicated||Not indicated||Not indicated|
|💬 Margin call||Not indicated||Not indicated||Not indicated|
|🛑 Stop out||Not indicated||Not indicated||Not indicated|
|📒 Demo account||Yes||Yes||Yes|
|⏲️ Withdrawal time||Within 1 hour||Within 1 hour||Within 1 hour|
|🔄 Copy Trading tool||✅ Yes||✅ Yes||✅ Yes|
|🎓 Master class (web session)||❌ No||✅ Yes||✅ Yes|
|🆓 First 3 risk free trades||❌ No||✅ Yes||✅ Yes|
|⭐ Personal success manager||❌ No||❌ No||✅ Yes|
The IQCent website does not state what its fees and spread are. A transparent list indicating the types of spreads a broker offers, whether tight, variable, raw, or any other, is usually found on a broker’s website.
It’s also unclear whether IQCent receives a brokerage fee on spreads or charges commissions for trade executions. Price spreads fluctuate during the day due to factors such as available liquidity (supply and demand), market dynamics, volatility, and the trading session.
IQCent Additional trading fees
When trading financial instruments such as forex, traders can often expect that overnight, or swap fees will be charged when positions are held for longer than a trading day.
IQCent’s website does not indicate whether short positions or long positions that are held overnight will be charged with swaps. Inquiries should be made with customer support.
IQCent does not offer spread betting and thus spread betting fees do not apply.
IQCent Broker Fees
IQCent does not impose deposit fees or withdrawal fees, and all bank processing fees are covered by IQCent.
Although the broker does not charge any deposit or withdrawal fees, Visa and MasterCard deposits and withdrawals are charged a 5% fee.
Traders should also double-check for any additional fees that their financial institution may waive. Furthermore, traders may be charged currency conversion costs if they move funds in a currency other than their account base currency.
IQCent exclusively accepts USD as a payment method.
You might also like: IQCent Review
You might also like: IQCent Account Types Overview
You might also like: IQCent Demo Account – Step by Step
You might also like: IQCent Minimum Deposit
You might also like: IQCent Sign-up Bonus
You might also like: IQCent Withdrawal Process
Frequently asked questions
How many instruments can I trade with IQCent?
You can trade in over 100+ assets that include:
- Binary Options
Which platforms are supported by IQCent?
IQCent provides its own IQCent proprietary platform.
Does IQCent offer leverage?
Yes. Leverage of up to 1: 100.
What spreads can I expect with IQCent?
It is not clear on the website what the spreads are. Clients should contact customer care.
Does IQCent charge a commission?
It is not clear what the commission charges are if any. Clients should contact customer care.
Is IQCent regulated?
No. IQCent is not regulated by any authority.
Is IQCent a recommended forex trading broker for experts and beginners?
No. IQCent focuses more on the advanced trader.
What is the overall rating out of 10 for IQCent?