Is IQCent a scam?
Wikilix independent safety report
Yes, IQCent (iqcent.com, operated by Wave Makers LTD) behaves as a scam and should be avoided. It holds no genuine licence, sits on multiple government regulators' warning lists, and users report tha…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Broker Summary
What Wikilix has recorded about IQCent: its history, the licences it holds, its trading conditions and its fees.
Introduction and Overview
IQCent is an online trading platform that is meant to provide an all-inclusive experience for traders, whether amateur or professional. With an emphasis on ease of access and usability, IQCent is an online platform that offers multiple instruments for trading purposes. It also incorporates unique trading tools and services that include copy trading and the conducting of online trading contests. This online platform intends to associate modern graphical analysis with rapid execution of transactions.
Although IQCent claims to be a fully featured trading platform, it proudly promotes its exclusive advantages: ultra-fast deposit and withdraw options, a demo account for training, and a competitive contest system. Thus, IQCent appears to be a flexible trading service for any user with a wide range of trading habits, but some essential information about IQCent as a company remains hidden on its official website.
Background and History
However, information on the platform as well as the services offered by IQCent can be found on its official website, but it does not offer information on the corporate history. Details such as the year the company was established, the founders, and the address of the head office are not available. This aspect of the corporate history of the broker seems opaque, as a number of brokers do offer these details.
Nonetheless, IQCent bases its presentation on product features and the environment of their trade, meaning that they try to entice their users with the capabilities of their platform and not with their lineage. The fact that IQCent lacks historical data means that potential customers would need to base their assessment of the trade on the current offerings that it presents.
Key Features and Offerings
IQCent has multiple trading products, claiming to give access to over 100 different assets. This comprises currency pairs, also known as forex, commodities, and indices. This allows persons to sufficiently diversify their portfolio in order to meet their needs. This trading platform's website brings all these assets into focus through their sophisticated charts.
Trading account options are divided into four levels: Bronze, Silver, Gold, and VIP. As traders progress from one level to another, they are treated to better benefits and rewards. This will enable traders to choose an account based on the level of trading that they are involved in.
Innovative Platform Features
Among the most distinctive features of IQCent is CopyTrading, which helps users to follow the trading patterns of profitable traders. This social trading feature is especially useful for new users who are eager to learn from more experienced participants. In addition, IQCent offers demo accounts so that users can practice trading without any financial risk.
There are also several other features incorporated into the platform, such as the alert function, the economic calendar, as well as the intelligent news feed, which are all intended to keep the trader informed and reacting to the ever-changing markets. There are also trading competitions which act as the competitive element to keep the trader motivated.
Regulatory Compliance and Licensing
Regulatory transparency is one of the most important considerations for most traders in deciding which broker to go for. Unfortunately, the official website of IQCent fails to provide details on regulatory licenses, numbers, and jurisdictions that the broker operates under. There are no regulatory bodies cited in the FAQ, About, or Terms sections.
This lack of regulation information makes it difficult to verify whether IQCent is operating under some sort of regulation, which may be of concern to those traders who would prefer to trade under a regulated system.
Nelder and Baker
Cannot find information about licenses and compliance on the IQCent official website.
Trading Conditions and Technology
IQCent has a minimum deposit requirement of US$50. The platform welcomes all traders with different amounts of capital. For the purpose of participating in the trading competition, the minimum trade amount is set to $1. This is a risk-free approach that enables traders to take part in the competition. Specific information such as spread and leverage is not provided by the platform.
Trading Condition Details
Minimum Deposit US
Minimum Trade Size (Contests)
Spreads
Leverage Not
Commissions unspecified
IQCent runs an online trading platform that is equipped with sophisticated analysis and charting tools that are intended to aid in effective market analysis and execution. Some of the tools that the trading platform is able to accommodate include price movement alerts, the economic calendar, and the smart news feed.
Although the trading environment provides an option to practice trading without any risk using a demo account, it does not specify any applications that can be downloaded from mobile app marketplaces. Apparently, the main target of IQCent is still the web-based trading environment.
RAD TruCoder Feature
Web trading platform Yes
Demo Account,Yes
CopyTrading
Commercial Availability Not disclosed
Price Alerts Yes
Economic Calendar Yes
Smart News Feed Yes
Fee Structure
IQCent supports ultra-fast deposit and withdrawal transactions and focuses on processing transactions instantly. Nevertheless, from the official website, there are no clear descriptions concerning deposit fees, withdrawal fees, and inactivity fees that may be involved while trading.
Those that are looking to trade on IQCent ought to note that, although the site advertises fast financial trades, the lack of clear cost information makes it necessary for the client to ask questions or experience the service firsthand to learn about the complete pricing structure.
Commission per Trade Not disclosed
User Experience
Market Reputation
IQCent's website includes reviews and rates “Excellent” based on more than 10,000 reviews. The reviews are placed directly on the trading platform's marketing pages, acting as marketing themselves, not as actual client reviews. There are no third-party ratings or any data regarding disputes on the official website.
Although there may be some level of customer satisfaction indicated by the favorable reviews, the fact that there are no external measures of reputation may lead one to approach the platform with a certain level of caution and consider seeking information from other sources prior to investing.
Recent Developments
At the time of this latest review, IQCent’s official website does not offer news updates with a timeline of changes corresponding to either 2024 or 2025. Majority of their blog posts revolve around trading advice, not mentioning any specific company announcement.
This lack of recent developments and news updates implies that IQCent is in a state of continuous operational functionality without publicly airing important changes and innovations in this period.
Conclusion
IQCent appears to be a versatile and easy-to-use online trading platform with a large spectrum of assets, account types, and an array of unique features, such as copy trading and trading tournaments. This online broker seems very attractive because of its speedy transaction execution and low requirements for beginning traders.
However, the lack of transparency on the platform in matters concerning the business background information, licensing with the relevant governing authorities, the intricacies of the trading terms and conditions, and the associated costs may be a point of concern for the potential user. Although IQCent has an impressive suite of resources and an exciting trading environment, the potential user must take into consideration the above limitations.
Regulatory Licenses
We have not confirmed any regulation for IQCent. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for IQCent. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Account Types
2 account types on record. Minimum deposit from USD 5,000.
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| GoldVIP | USD 5,000 | Not recorded | Not recorded |
| VIP | USD 50,000 | Not recorded | Not recorded |
Funding Methods
15 ways to fund an account. 15 with no deposit fee. 13 credit instantly.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
| VisaCredit Card1 | Free | 3% | USD 10 | USD 20Not recorded | Instant |
| MastercardCredit Card1 | Free | 5% | USD 10 | USD 50Not recorded | Instant |
| NetellerE-Wallet2 | Free | Free | USD 10 | USD 20Not recorded | Instant |
| SkrillE-Wallet2 | Free | Free | USD 10 | USD 20Not recorded | Instant |
| Perfect MoneyE-Wallet2 | Free | Free | USD 10 | USD 20Not recorded | Instant |
| PayFixE-Wallet3 | Free | Not recorded | USD 10 | Not recordedNot recorded | Instant |
| UPIE-Wallet3 | Free | Not recorded | USD 10 | Not recordedNot recorded | Instant |
NEFTBank TransferWithdrawals require verification; slower external processing possible. | Free | Not recorded | USD 10 | USD 20Not recorded | Not recorded |
| MonobankE-WalletRegional method; withdrawal info not specified. | Free | Not recorded | USD 10 | Not recordedNot recorded | Instant |
Wire TransferWire TransferWithdrawals must use original deposit method; verification required; withdrawal processing up to 3 days total. | Free | USD 50 | USD 10 | USD 20Not recorded | Not recorded |
| Bitcoin (BTC)Cryptocurrency4 | Free | Free | USD 10 | USD 10Not recorded | Instant |
| Ethereum (ETH)Cryptocurrency4 | Free | Free | USD 10 | USD 20Not recorded | Instant |
| Litecoin (LTC)Cryptocurrency4 | Free | Free | USD 10 | USD 10Not recorded | Instant |
| Tether (USDT ERC20/TRC20/BNB)Cryptocurrency4 | Free | Free | USD 20 | USD 50Not recorded | Instant |
| AltcoinsCryptocurrency4 | Free | Free | USD 10 | USD 10Not recorded | Instant |
Broker's notes on these methods
- Some reports indicate up to 5% deposit fee; withdrawals must use original deposit method; verification may apply; withdrawal processing up to 3 days total. · applies to 2 methods
- Withdrawals must use original deposit method; verification required. · applies to 3 methods
- Regional method, mainly India; withdrawal info not specified. · applies to 2 methods
- Withdrawals must use original deposit method; faster processing for Gold/VIP accounts. · applies to 5 methods
Global Domains
5 domains on record. All active and served over HTTPS.
Company Registration
IQCent names Wave Makers LTD as the operating company. We could not confirm that registration on the registry.
- Legal entity
- Wave Makers LTD
- Registration number
- 103581
- Jurisdiction
- Marshall Islands
- Registry
- Republic of the Marshall Islands Registrar of Corporations
- Registered address
- Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960
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Frequently Asked Questions
Common questions about IQCent




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