Pocket Option vs IQcent

Which One is Better? Pocket Option vs IQcent

Are you in search of a reliable binary options broker? With so many brokers available, it can be challenging to choose the right one. In this article, we will compare two popular brokers in the industry – Pocket Option and IQcent. We will take a look at their history, regulation, trading platform features, deposit & withdrawal methods, and more! By the end of this post, you’ll have a better idea of which broker suits your needs best. So let’s dive into the world of binary options trading with Pocket Option vs IQcent!

	Winner
Broker Name	Pocket Option	IQcent
Founded	2017	2020
Regulation	IFMRRC
Demo
Min. Deposit	$10	$20
Min. Investment	$1	$1
Max. Investment	$1000	$1000
Instruments	Binary Options, Forex	Binary Options
Assets	+100	+80
Available On:	Android, iOS, Web	Web
	Visit Pocket Option	Visit IQcent

History

Pocket Option was founded in 2017, making it a relatively new player in the industry. Despite its young age, Pocket Option has already gained popularity among traders due to its user-friendly platform and wide range of assets available for trading.

In contrast, IQcent is even younger as it was launched in 2020. However, that doesn’t mean they are any less competitive than their counterpart. They have quickly made their way into the market with unique features like offering risk-free trades for certain deposit amounts.

Both brokers may be new but do not let that fool you. They strive to provide excellent service while keeping up with current trends and needs of traders worldwide. It will be interesting to see how these two continue to grow and evolve over time!

Regulation

When it comes to binary options trading, regulation is an important factor that traders must consider. Pocket Option and IQcent are both relatively new players in the market, with Pocket Option launching in 2017 and IQcent launching in 2020.

Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC). While this regulatory body may not be as well known as other regulatory bodies such as CySEC or FCA, it still provides some level of oversight for Pocket Option’s operations.

On the other hand, IQcent does not appear to have any formal regulations at this time. This may make some traders feel uneasy about depositing their funds with a broker that is not subject to any external oversight.

It’s worth noting that just because a broker is regulated doesn’t necessarily mean they are trustworthy or reliable. However, regulation can provide an extra layer of protection for traders and help ensure fair practices from brokers.

While Pocket Option’s regulatory body may not be as prominent as others in the industry, it still offers some level of oversight which could give traders more peace of mind when trading on its platform compared to unregulated brokers like IQcent.

Trading Platform

When it comes to trading platforms, both Pocket Option and IQcent offer user-friendly interfaces that can be accessed via web browser. However, there are some notable differences between the two.

Pocket Option’s platform is designed for binary options trading with a range of chart types available for analysis. In addition, traders have access to over 100 assets including commodities, currencies, indices and stocks.

IQcent’s platform also offers a wide range of assets but focuses on Forex and CFDs rather than binary options. The platform includes advanced functionality such as built-in technical indicators and live market news feeds.

Both platforms offer demo accounts where users can practice their trading strategies without risking real money. It’s worth noting that while Pocket Option allows unlimited access to their demo account; IQcent only provides 14 days trial period before you’ll need to upgrade or deposit in order to continue using it.

Both platforms provide intuitive interfaces with different features suitable for different types of traders depending on your preference when it comes to asset classes and tools available during the trades.

Mobile Apps

When it comes to trading on-the-go, mobile apps have become an essential feature for any online trading platform. Pocket Option offers a user-friendly mobile app that is compatible with both Android and iOS devices. The app allows traders to access their accounts, deposit funds, place trades and manage positions all from the palm of their hand. With its simple interface and fast execution speed, Pocket Option’s mobile app ensures a smooth and hassle-free trading experience.

On the other hand, IQcent does not provide a dedicated mobile app for its traders. This could be seen as a drawback compared to Pocket Option since more people tend to trade using their smartphones nowadays. However, IQcent does offer a responsive web-based platform that can be accessed via the browser on your phone or tablet.

While having a dedicated mobile app is certainly convenient for traders who prefer to use their phones over desktops or laptops when making trades, it isn’t necessarily an indicator of which broker is better overall. Ultimately, when choosing between Pocket Option vs IQcent in terms of mobile apps (or lack thereof), you should consider other factors such as regulation status, available assets and bonuses before making your final decision.

Demo

Both Pocket Option and IQcent offer demo accounts, which are a great way for traders to test out the platform before depositing any funds. With a demo account, you can practice trading without risking any real money.

Pocket Option’s demo account has no limitations and is available to all users. You can trade with virtual funds of up to $10,000 and access all the features of the platform.

IQcent also offers a demo account but it comes with some limitations. For example, you can only trade with virtual funds of up to $1,000 and not all assets are available in the demo mode.

One advantage that IQcent has over Pocket Option is that they offer 3 risk-free trades if you deposit more than $1000. This means that even if your first three trades end up being losses, you will get your money back.

Both platforms have useful demo accounts that allow traders to familiarize themselves with their respective trading environments. However, Pocket Options’ unlimited use allows for more comprehensive testing compared to IQcent’s limited version.

Assets

When it comes to trading assets, both Pocket Option and IQcent offer a wide range of options for traders. However, there are some differences between the two platforms.

Pocket Option offers over 100 different trading instruments including forex pairs, cryptocurrencies, commodities, and stocks. The platform also offers several unique assets such as social trading and binary options. This diversity provides traders with many opportunities to diversify their portfolio.

On the other hand, IQcent offers fewer asset types than Pocket Option but still covers all major categories such as forex pairs, cryptocurrencies, and commodities. Unfortunately though they lack in terms of offering stock CFDs which can limit a trader’s ability to trade popular companies’ price movements.

Both platforms provide enough variety that most traders should be able to find an asset type that suits them best depending on their strategy. It is therefore important for traders to evaluate what each platform has to offer before making a decision about where they want to invest their money.

Deposit & Withdrawal

When choosing a binary options broker, one of the most important factors to consider is the ease and security of depositing and withdrawing funds. Pocket Option offers its users several popular payment methods for deposits and withdrawals, including credit/debit cards, e-wallets like WebMoney and PerfectMoney, as well as cryptocurrencies such as Bitcoin.

IQcent also accepts similar payment methods for funding accounts but does not currently support cryptocurrency transactions. One downside with IQcent is that they have higher withdrawal fees compared to Pocket Option.

Both brokers have minimum deposit requirements which are affordable by most traders. With Pocket Option you can start trading with just $50 while IQcent requires a minimum deposit of only $20.

It’s important to note that both brokers require account verification before any withdrawals can be made. This involves providing proof of identity documents such as passport or driver’s license along with proof of address documents such utility bills.

When it comes to deposit & withdrawal methods, both Pocket Option and IQcent provide convenient options for their clients.

Bonuses

When it comes to bonuses, both Pocket Option and IQcent offer attractive options for their traders. Let’s take a closer look at how they compare in this area.

Pocket Option provides various types of bonuses, including welcome bonus, deposit bonus and cashback bonus. The welcome bonus ranges from 50% to 100%, depending on the initial deposit amount. The deposit bonus can be up to 125%, which is a generous amount compared to other brokers in the industry. Additionally, Pocket Option also offers cashback bonuses that range from 1% to 10%.

On the other hand, IQcent offers a different type of promotion – risk-free trades for users who make deposits over $1000. For every $500 deposited above the threshold level, traders receive one risk-free trade. This means that if their trade is unsuccessful, they will receive their investment back as account credit instead of losing it.

It’s important to note that all brokers’ promotions have terms and conditions attached so always read them carefully before accepting any offer.

Both Pocket Option and IQcent provide appealing promotions but with different structures tailored towards different trading styles. It’s up to each individual trader whether they prefer percentage-based bonuses or risk-free trades when choosing between these two platforms

Special Features

When it comes to special features, Pocket Option and IQcent have their own unique offerings. Pocket Option stands out by providing signals and Copy Trading. Signals are alerts that notify users of potential trades based on market analysis, while Copy Trading allows traders to automatically mimic the trades of other successful traders.

On the other hand, IQcent offers three risk-free trades if you deposit more than $1000. This feature is particularly beneficial for those who want to try trading without risking any funds.

Both platforms also offer demo accounts for users to practice trading strategies without using real money. This feature enables beginners or even experienced traders to test new methods before implementing them in live trading.

Another interesting feature that both platforms share is the availability of social trading where users can interact with others in a community-like setting.

In terms of customer support, both platforms offer 24/7 assistance through various channels such as email, phone, or chat.

While each platform has its own set of unique features and perks depending on what one prioritizes among these factors will determine which broker suits them best.

Where are they available?

Both Pocket Option and IQcent are available worldwide, giving traders the opportunity to access their platforms from almost anywhere in the world. This availability opens up a lot of opportunities for traders who want to trade binary options.

With both brokers being accessible globally, it provides traders with more options when selecting which broker they would like to use. A trader can choose one or both brokers based on their personal preferences and needs.

Furthermore, having global availability means that traders can take advantage of trading opportunities across different time zones without restrictions. Traders can also access customer support at any time thanks to the 24/7 availability offered by these two brokers.

Whether you’re located in Asia, Europe, Africa or America – you should have no problem accessing either Pocket Option or IQcent’s platform from your country since both are widely available around the world.

How to choose binary options broker?

Choosing the right binary options broker is an important decision that can impact your trading success. Here are some factors to consider when selecting a broker:

Regulation: Look for brokers that are regulated by reputable financial authorities, such as CySEC or FCA.

Trading Platform: Choose a platform with user-friendly features and tools that suit your trading strategy.

Assets: Make sure the broker offers a variety of assets in different markets, including stocks, commodities, currencies and indices.

Demo Account: Consider using a demo account to test out the platform and see if it fits your needs before depositing real funds.

Deposit & Withdrawal Methods: Check if there are convenient payment methods available for you. Also look at withdrawal fees or any minimum amount requirements.

Bonuses & Special Features: Compare promotional offerings between brokers but be careful not to choose solely based on bonuses. Explore additional special features like signals or copy trading platforms which might enhance your overall experience

Research online reviews of potential brokers and also take into consideration their customer support services.
Choosing the right binary options broker requires thorough research and understanding what works best for you.

Conclusion

After comparing Pocket Option and IQcent in terms of history, regulation, trading platform, mobile apps, demo accounts, assets, deposit & withdrawal methods, bonuses and special features as well as availability worldwide; it is clear that Pocket Option comes out on top.

Pocket Option has a longer history than IQcent which gives it more experience in the industry. Additionally, Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC) which means it adheres to strict standards making it safer for traders.

The trading platform offered by Pocket Option is user-friendly and efficient. Moreover, while both platforms have demo accounts available to practice trading with virtual funds before risking real money; only Pocket Option provides mobile apps for traders who want to trade on-the-go.

In terms of assets available for trading; both platforms offer a variety but Pocket Option offers more options overall including cryptocurrencies which are not available on IQcent. Furthermore, while both platforms have similar deposit & withdrawal methods; only at Pocket option can you withdraw earnings within one hour via PerfectMoney or WebMoney.

With all things considered -it’s fair to say that while both companies are reliable binary options brokers- based on their respective strengths compared side-by-side makes us conclude that choosing pocket option would be the better choice for most traders looking for an excellent broker with competitive offerings!