IQcent Review: Should You Trust This Broker?
IQcent is an online trading platform that provides CFD and binary options trading across a variety of assets, such as indices, commodities, cryptocurrencies, and forex. Wave Makers LTD is in charge of running the business and says it is registered in the Marshall Islands. It promotes features such as a proprietary trading platform, copy trading, fast withdrawals, and 24/7 customer service.
Website – https://iqcent.com/
Address – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960
Regulatory Warning – National Securities Market Commission (Spain), Portuguese Securities Market Commission (Portuguese)
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
However, despite these appealing offerings, IQcent is not a regulated broker, and there are several warning signs associated with it. If you’re considering investing with IQcent, this detailed IQcent review will help you make an informed decision.
Is IQcent Legit?
The straightforward response is no. No recognized regulatory body has issued IQcent a valid license. Despite claiming to be affiliated with Wave Makers LTD in the Marshall Islands, the registration status has been suspended, and most importantly, the Marshall Islands does not grant licenses for forex trading.
Official Warnings
- CNMV (Spain) – Issued a warning that IQcent is offering services without authorization.
- CMVM (Portugal) – Also blacklisted IQcent for operating illegally.
These warnings suggest that IQcent is operating without legal oversight, making it a high-risk platform for traders.
User Experience & Reviews
While the broker markets itself with attractive bonuses and over 100 trading instruments, user feedback tells a different story.
Common Complaints:
- Withdrawal delays or denials
- Account freezing
- Unresponsive customer support
- Aggressive marketing tactics
Many traders searching “Iqcent com review Reddit” and “Iqcent com review Trustpilot” find overwhelming negative experiences. Trustpilot rating: 1.5/5, with multiple users calling it a scam.
IQcent Scam Signs
IQcent displays many signs of a scam broker, including the use of fake addresses, unverifiable claims, and lack of transparency. Some clients report being asked to pay extra fees before withdrawals, while others say their accounts were frozen after profitable trades.
Red Flags:
- Not regulated
- Multiple international warnings
- Bonus conditions that trap funds
- Poor reputation on review sites
Traders often look up “Is IQcent legit?” only after losing money—which is too late. This pattern of misleading practices has led many to label IQcent as a fraudulent broker.
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