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IQCent Fees and Spreads

iqcent Fees and spreads Review

 

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 nameIQCent
🏛 HeadquartersMajuro, Marshall Islands
📅 Year founded2017
🏛️ Regulating AuthoritiesNot regulated
🌐 Countries not accepted for tradeUnited States
📒 Demo accountYes
☪️️ Islamic accountNot indicated
📒 Institutional accountNot indicated
👮 Managed accountsNot indicated
📊 Maximum leverage1:100
💰 Minimum deposit$10
➕ Deposit optionsVisa, Mastercard, Bitcoin, Ethereum, Altcoins
➖ Withdrawal optionsVisa, Mastercard, Bitcoin, Ethereum, Altcoins
📊 Tradeable assets offeredForex currency pairs, Commodities, Indices, Binary options, Cryptocurrencies
💬 Languages supported on websiteEnglish, Russian, Spanish
💬 Customer support languagesMultilingual
💻 Platforms providedOwn proprietary
📲 OS CompatibilityNot indicated
☎️ Customer service hours24/7

 

Overall Rating

4.3/5

Rated #443 of
Recommended FX Brokers

💰Minimum Deposit

USD 20

🌐 Regulators

not regulated

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

26

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ 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 chargedNot regulated
Demo account offeredNo 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 providedOwn proprietaryOwn proprietaryOwn proprietary
📊 Commission charges$3.50 per lotZero commission chargesZero commission charges
⚖️ Leverage1:1001:1001:100
☪️️ Islamic accountNot indicatedNot indicatedNot indicated
📒 SpreadsNot indicatedNot indicatedNot indicated
💬 Margin callNot indicatedNot indicatedNot indicated
🛑 Stop outNot indicatedNot indicatedNot indicated
⭐ Bonus+20%+50%+100%
📒 Demo accountYesYesYes
⏲️ Withdrawal timeWithin 1 hourWithin 1 hourWithin 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:

  • Forex
  • Commodities
  • Indices
  • Binary Options
  • Cryptocurrencies

 

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?

4/10.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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