Home » Iqcent Review – Truth about Iqcent.com

Iqcent Review – Truth about Iqcent.com

Iqcent.com Broker Review

Iqcent tends to be a combination between a forex dealer  and  casino. It plays with the graphics rather but isn’t doing it to an excessive degree, so as to still hold consumers focused on the reality that it is a forex brokerage first and foremost. The website has really enticing photos, and sometimes it looks more like a fancy firm than a brokerage firm for FX.

A basic rule for all brokerage firms, though, is that one can never trust them purely on the basis of their appearance. In reality, to misguide investors, many unlawful FX brokerages depend on good visuals. Is one of them at Iqcent? Keep reading to find out.

We enrolled without any problems and were automatically forwarded to look the same with a trading app that serves as a primary page in the consumer portal field. It turned out that this supposed trading site had a somewhat different function than what we expected it might do.

This is not in reality, a trading app, but a trading office for binary options. Trading in binary options encourages consumers to gamble on the price of an asset. It is as easy as that. It appears, with all fairness, that Iqcent really delivers this as a business; the website seems good enough and the asset prices proceed to develop.

In simple words, Iqcent is simply selling binary options, we can not speak here about the leverages or anything associated with it.

The website is open in Spanish, Russian and English.

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Iqcent.com Broker Review

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Iqcent Legal Status and Info

The broker’s terms and conditions and the footer disclosed that the broker is based in the Marshall Islands and as such, works under local rules.

It is very important to note that there is no FX regulator in the Marshall Islands, and so FX traders, like binary options trading companies, will not be supervised. And in comparison, being based in the nation would not indicate being licenced there. Therefore, Iqcent is UNLICENSED, rendering all investments a possibility!

There’s just no justification for anybody to believe unregulated forex brokers and deposit them. If a broker is regulated, always search first and then continue to deposit! Some of the most prominent licensors are the FCA and CySEC, and we encourage consumers to invest in businesses that are legitimised by either of these.

All regulators, as well as any other legal ones, have a collection of guidelines that applies to all brokers, and if brokers chose not to obey them, they would be penalised by the regulators either by a charge or by their enforcement! For all sorts of purposes, like insolvency, the FCA and CySEC have a payout plan for all consumers whose dealer is unwilling to pay them back. The refund may go to FCA for up to 85 000 pounds per individual and to CySEC for up to 20 000 euros.

DEPOSIT/WITHDRAW METHODS OF IQCENT

The consumer has the choice of depositing through credit cards, debit cards, Blockchain, cryptocurrency, and PerfectMoney to finance an account. The payment area shows that the minimum balance is just 10 bucks.

Withdrawals, as well as PerfectMoney, are rendered through a variety of cryptocurrencies. The terms and conditions note that deposit and withdrawal costs apply. The website disclosed that a 5 percent fee paid by the payment processor and not by the broker is provided for withdrawals through credit and debit cards.

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However there are no credit/debit card withdrawal options offered by the payment terminal. So these redemption costs, legally, are undisclosed. For uncontrolled brokers, it is very normal to mismatch data.

Iqcent is a fairly good binary options broker if we disregard the missing regulations. The website is outstanding and the terminal itself is at an above-average stage as well. Trading binary options, though, is a risky endeavour, and if you are not cautious, it will significantly harm your financial position.

It is easy to conclude that we do not advise anyone to deposit here because Iqcent does not possess a licence!

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How’s the scam working?

The same scheme is employed over and over by most fraudsters. However in order to use it, they may have a particular path, and that is why it is often advised to take your time with a company to see if they are in the midst of a scam.

The first move of being scammed is web advertising. These commercials offer pure dream scenarios, such as making thousands staying on a beach house in a day, etc. Many that are tempted will be routed to a page where personal details, most importantly email or phone number, will be required to be given. The person may start getting emails or telephone calls if either of these is given away, which will force him or her to invest in a given automated type of scam.

The more professional scammers, by more phone calls, the so-called “account managers” can begin to drain you. They are trying to persuade you to deposit even more. All withdrawal requests will disappear when the customer feels like he or she is being duped, and the dealer will stop paying attention to you; they have vanished with your money. The entire website goes offline at times.

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