Quick verdict
Quotex comes out ahead with a score of 3.7/5, against 3.1/5 for IQcent.
IQcent is best for: Very small trades and copy trading
Avoid IQcent if: You deposit by card or want any regulator behind the broker
Quotex is best for: High advertised payouts and crypto deposits
Avoid Quotex if: You want a licensed broker or a bonus without heavy turnover rules
Scores side by side
IQcent 3.1/5
- Platform & apps3.9
- Costs & minimums3.2
- Payments3.8
- Support3.6
- Regulation & transparency1.5
Quotex 3.7/5
- Platform & apps4.5
- Costs & minimums4.5
- Payments4.0
- Support3.5
- Regulation & transparency2.1
First look: the two websites
About IQcent and Quotex
IQcent. IQcent combines fixed-time options with CFD trading on one proprietary platform. It is known for tiny minimum trade sizes and a tiered account structure.
Quotex. Quotex is a fixed-time trading platform: you pick an asset, a direction and an expiry, and a correct prediction pays a fixed percentage of your stake. It is known for a simple web platform, high advertised payouts and a wide choice of crypto deposits. The brand has been active since around 2019–2020.
Regulation and safetyWinner: Quotex
Neither IQcent nor Quotex is authorised by a top-tier regulator such as the FCA, CySEC or ASIC. Both operate through offshore companies, so there is no compensation scheme and no regulator in your country to complain to.
Official warnings and alert-list entries in our sources: IQcent 0, Quotex 2.
| Feature | IQcent | Quotex |
|---|---|---|
| Regulation | No. It is reportedly run from the Marshall Islands and cites only IFMRRC, a private organisation. | Third-party reviews name ON SPOT LLC GROUP in St Kitts and Nevis as the current operator; earlier it traded as Maxbit LLC and Awesomo Ltd. |
| Regulator warnings on record | – | CMVM (Portugal), RBI |
| Dispute body | No external dispute body | No external dispute body |
On transparency and safety we score Quotex higher (2.1 vs 1.5).
Minimum deposit and feesWinner: Quotex
Both brokers ask for the same minimum deposit: $10. The smallest trade is $0.01 at IQcent and $1 at Quotex.
| Feature | IQcent | Quotex |
|---|---|---|
| Minimum deposit | $10 | $10 |
| Minimum trade | $0.01 | $1 |
| Fees | Card deposits reported at 5%; crypto free | No deposit or withdrawal fee advertised; bonus needs about 100x turnover |
| Withdrawal fees | Reported card deposit fee of 5%; check the cashier | None advertised |
| Inactivity fee | Check the current terms | Not stated in the sources we reviewed |
| Bonus | Large deposit bonuses with turnover conditions | Tiered deposit bonus (20–35%) with turnover of about 100x the bonus |
Payouts and the win rate you needWinner: Quotex
Quotex advertises the higher maximum payout (98% vs 95%). That lowers the win rate you need to break even from 51.3% to 50.5%.
| Feature | IQcent | Quotex |
|---|---|---|
| Max. payout | 95% | 98% |
| Break-even win rate | 51.3% | 50.5% |
| Note | Sources report 84–98% depending on tier and asset | Up to 98% advertised on selected assets; often lower in practice |
Advertised maximums apply to selected assets at the best times. Check the payout shown on the trade ticket before you open a trade; it is often lower.
Platform and mobile appWinner: Quotex
IQcent. A web trader with binary and CFD modes, plus copy trading from about USD 20.
Quotex. A proprietary web platform with candlestick and line charts, indicators, drawing tools and a clear trade panel that shows the payout before you open a trade. It loads quickly and needs no download.
| Feature | IQcent | Quotex |
|---|---|---|
| Platform | Web, Android, iOS | Web, Android |
| Android | Yes | Yes |
| iPhone | Yes | Web app only |
| Extras | Account tiers, Social trading | Own platform, Advanced charts, Simple interface |
Assets and expiry times
| Feature | IQcent | Quotex |
|---|---|---|
| Number of assets | – | – |
| Markets | Forex, Crypto, Commodities, Indices | Forex, Commodities, Stocks, Indices, Crypto |
| Expiry times | From 5 seconds (short-term focus) | From about 1 minute; varies by asset |
Deposits and withdrawalsWinner: Quotex
IQcent. Minimum withdrawal reported at USD 20; faster on higher tiers.
Quotex. Minimum withdrawal USD 10 for most methods, higher for some cryptocurrencies. Verification is required. An active bonus blocks withdrawal of the bonus and related profit until its turnover is met.
| Feature | IQcent | Quotex |
|---|---|---|
| Deposit methods | Bank cards, Crypto | Bank cards, Crypto |
| Withdrawal methods | Bank cards, Crypto | Bank cards, Crypto |
| Minimum withdrawal | $20 | $10 |
| Withdrawal time | Faster on higher tiers | Depends on the method; reviewers report a few days |
Demo accountDraw
Both brokers offer a free demo account, so you can compare the two platforms with virtual money before you deposit.
| Feature | IQcent | Quotex |
|---|---|---|
| Demo balance | Yes | $10,000 |
| Try without registering | – | – |
Customer supportWinner: IQcent
| Feature | IQcent | Quotex |
|---|---|---|
| Support channels | Live chat, Email | Email, Help centre |
| Support | 3.6/5 | 3.5/5 |
Where you can use themDraw
IQcent accepts clients in 165 of the countries we cover, Quotex in 165.
Pros and cons
IQcent
- +Trades from USD 0.01
- +Copy-trading feature
- +Payouts advertised up to 95%
- +Crypto deposits accepted
- −No regulator; cites a private organisation (IFMRRC)
- −Minimum deposit varies by region, up to USD 250
- −Card deposits reported to carry a 5% fee
- −Third-party reports of regulator warnings
Quotex
- +Payouts advertised up to 98% on some assets
- +USD 10 minimum deposit and trades from USD 1
- +Free USD 10,000 demo account
- +Many cryptocurrency deposit options
- −No government licence; the operating company has changed several times
- −Warnings from Portugal's CMVM and on India's RBI Alert List
- −Deposit bonus requires trading volume of about 100 times the bonus
- −Support by ticket and email only, with no live chat
Verdict: IQcent or Quotex?
Quotex wins 5 of 7 categories in this comparison. Quotex comes out ahead with a score of 3.7/5, against 3.1/5 for IQcent.
Whichever you choose, start with the demo, keep your first deposit small and test a withdrawal before you add more. Binary options are high-risk and most retail traders lose money.
Frequently asked questions
Which is better, IQcent or Quotex?
On our score Quotex is ahead (3.7/5 vs 3.1/5). Quotex is best for: High advertised payouts and crypto deposits. IQcent is best for: Very small trades and copy trading.
Which has the lower minimum deposit, IQcent or Quotex?
Both brokers ask for the same minimum deposit: $10.
Which pays more, IQcent or Quotex?
Quotex advertises the higher maximum payout (98% vs 95%). That lowers the win rate you need to break even from 51.3% to 50.5%.
Are IQcent and Quotex regulated?
Neither holds a licence from a top-tier regulator such as the FCA, CySEC or ASIC. Both operate through offshore companies, so your money has limited protection.
