IQcent is an online trading platform established in the Marshall Islands, headquartered in Majuro, primarily offering trading services in forex, commodities, indices, currency pairs, cryptocurrencies, options, and more to investors. Its registered entity is Wave Makers LTD, registration number: 103581. Neither IQcent nor its agents or partners are registered in the United States, nor do they offer any services there.
Trading Products
The platform provides over 100 trading assets for traders to choose from, including:
Forex: The forex market is the most liquid market, with an average daily trading volume of up to $7.5 trillion.
Most transactions conducted in tradable financial markets, including stock and bond markets, have a significant impact on the foreign exchange market.
Commodities: The platform supports trading in precious metals (gold, silver), energy (crude oil, natural gas), and agricultural products (corn, wheat), offering investors opportunities for diverse commodity market investments.
Indices: Indices are valuable assets for portfolio diversification. Investors can gain exposure to some of the most well-known stocks in the market through indices and can access an entire economy or industry via a single position.
Currency Pairs: A combination of two different currencies used to express the relative value of one currency to the other. Traders can conduct foreign exchange transactions by buying or selling currency pairs to make up for the spread caused by exchange rate changes.
Cryptocurrencies: The platform offers trading in multiple cryptocurrencies, including the popular Bitcoin, Ethereum, and Litecoin, as well as numerous altcoins, allowing traders to participate in the rapidly growing cryptocurrency market.
Options: It is a financial derivative instrument that gives the jurisdiction the right to buy or sell a specific currency at a predetermined price (ie, the execution price) at or before a specific time in the future, but does not necessarily have the obligation to perform. This flexibility allows traders to use options to hedge risk or exploit the market for profit.
Account Types
The platform offers various account types, including BRONZE, SILVER, GOLD, and VIP for user selection. Additional services from a personal manager are available for GOLD, VIP, or higher-tier users.
BRONZE
Minimum Deposit: $100
Payout Increase: +0%
Deposit Bonus: 20%
Max Trade Size: $250
Free Rollover: 20
Trade Yield: 0.1%
Withdrawal Time: 8 hours
Customer Support: Standard
Demo Account: Available
SILVER
Minimum Deposit: $1,000
Payout Increase: +1%
Deposit Bonus: 50%
Max Trade Size: $1,000
Free Rollover: 50
Trade Yield: 0.5%
Withdrawal Time: 4 hours
Customer Support: Priority
Demo Account: Available
GOLD
Minimum Deposit: $5,000
Payout Increase: +2%
Deposit Bonus: 100%
Max Trade Size: $5,000
Free Rollover: 300
Trade Yield: 1%
Withdrawal Time: 1 hour
Customer Support: Priority
Demo Account: Available
VIP
Minimum Deposit: $50,000
Payout Increase: +3%
Deposit Bonus: 200%
Max Trade Size: $50,000
Free Rollover: 500
Trade Yield: 2%
Withdrawal Time: 0 hours
Customer Support: Priority
Demo Account: Available
Leverage
The platform offers leverage up to 1:500 for trading. With leverage of up to 1:500, investors can gain exposure to more assets without committing the full amount of capital typically required to purchase these assets. thereby potentially increasing its trading opportunities while also increasing its risk exposure.
Deposit & Withdrawal Methods
iqcent offers a variety of payment methods to facilitate the collection and transfer of funds, including digital currencies and debit cards. By offering multiple payment options, the platform ensures customer convenience and enhances their trading experience.
Bonus Rules
General Rules
Bonuses and one-time transaction points awarded to customers are part of the platform’s promotional program. These bonuses are limited time offers and the terms and conditions associated with bonus awards are subject to change.
The platform reserves the right to refuse, cancel or change bonuses without prior notice.
Bonuses are paid in the base currency of the account, chosen at registration.
If all or part of the bonus deposit is withdrawn before trading reaches 3x turnover, the following will happen:
(a) The bonus will be completely revoked.
(b) All trading losses will first be deducted from the original deposit, and any remaining balance can be withdrawn.
(c) Any profit generated due to the use of the bonus may be canceled at the platform's sole discretion.
Bonuses must be used to make trades. If the client does not achieve the required turnover within 3 months, any profits and turnover obtained using the bonus may be canceled and removed from the client's account, this is entirely at the sole discretion of the platform and all turnover conditions remain valid.
The maximum bonus the platform can award to clients each year is 100,000 Euros/USD, depending on the currency of the client's account.
The client is not obliged to accept the bonus, during the first deposit the client can send a request to support@IQcent.com not to accept the bonus and therefore will not be bound by any conditions related to the bonus, but the remaining terms in this agreement will still apply.
Withdrawal Conditions and Fees – Accounts with Bonuses
To qualify for withdrawing profits from an account that has received a bonus, the deposited funds and bonuses must be tripled.
Regardless of the turnover achieved previously, subsequent deposits must be rolled over first before any funds can be withdrawn from the account.
Any withdrawals that must be completed via international wire transfer will incur a $50 transfer fee.
If a client wishes to withdraw funds from an account that has not met the turnover requirements, whether it is the initial deposit or subsequent deposits, a 20% maintenance fee will be charged per withdrawal.
At the time of withdrawal, if any of the following conditions occur, the platform may at its discretion cancel any bonuses granted to the client:
(a) The client fails to pay any amount or comply fully with any obligations under the User Agreement and bonus rules or any transaction.
(b) Any statements or warranties made by the client are untrue or become untrue.
(c) Any regulatory agency or authority requires the platform or the client to close exposure (or any part of it).
Customer Support
The official platform website indicates that customers can contact the 24/7 customer support team through live chat, phone, and email to obtain assistance in resolving issues or inquiries, but the website does not provide phone-related information.
Users can receive instant help through live chat or by emailing support@IQcent.com. Online chat supports nearly 100 languages, including English, Spanish, Thai, Arabic, French, and German, offering users convenience.
Additionally, the platform has accounts on social media platforms like Instagram and Twitter.
Corporate Background
IQcent is an online trading platform established in the Marshall Islands, headquartered in Majuro. Its registered entity is Wave Makers LTD, with the registration number 103581.
According to information obtained from the Whois query, the trading platform's official domain was registered on October 16, 2022.
Regulatory Information
The platform's official site does not disclose its regulatory information, and no regulatory information for Wave Makers LTD was found on the websites of the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC), indicating that this entity is not under any effective regulation.
Summary
IQcent is operated by Wave Makers LTD and registered in the Marshall Islands, with the detailed address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.
It is an integrated trading platform supporting a variety of market instruments. The platform mainly provides trading services in forex, commodities, indices, currency pairs, cryptocurrencies, and options to investors. However, its entity is not under effective regulation, so users need to exercise greater caution.
Risk Reminder
Online trading carries high risks, especially on platforms that are not regulated and claim to offer ultra-high returns. Such websites may lack transparency, fail to effectively secure your funds, and pose the risk of running away or fraud. Be sure to carefully evaluate the platform's reputation and your risk tolerance to avoid blindly chasing high returns that could lead to financial losses.
