Summary: CloseOption is the better pick
We have low confidence in IQCent (rated 2.3/5), so CloseOption (3.8/5) is the better choice.
CloseOption
Accepts traders from United States
- Min deposit
- $5
- Max payout
- 95%
IQCent
Accepts traders from United States
- Min deposit
- $250
- Max payout
- 98%
| CloseOption | IQCent | |
|---|---|---|
| Overview | ||
| Summary | CloseOption, based in Georgia, has over ten years in the trading industry. The company provides high/low binary options trading on forex and crypto markets, featuring good payouts, 24/7 customer support, and user-friendly trading software. CloseOption provides binary options trading on over 30 fiat and digital currencies via a user-friendly web platform. It offers 15 contract timeframes from 30 seconds to 1 month, catering to both short-term and long-term traders. New users receive a welcome gift. Forex trading: CloseOption provides binary options on over 25 forex pairs, including major ones like EUR/USD and some minor ones like AUD/JPY. Payouts differ by currency, with typical payouts around 75% for GBP/USD. Crypto trading: CloseOption provides high/low binary options on major cryptocurrencies paired with USD, like Bitcoin and Litecoin. Our tests showed competitive returns, reaching 82% at peak times and 74% during low volume periods. The platform offers one-click crypto trading with reliable execution, and your recent trading history is clearly shown. | IQCent, based in the Marshall Islands, is an offshore broker for binary options. It offers various account types with payout boosts, TradeBacks, and free rollovers. With over 175 assets, 24/7 trading, and 98% payouts, it attracts short-term traders. IQCent provides binary options with payouts up to 98%. The broker offers an online platform with basic analysis tools and various timeframes from 1 minute to 1 month, suitable for both short and long-term trading. However, there are no binary options for stocks. CFD trading: CFDs are offered on forex, indices, commodities, and cryptos, but the 175+ instruments are fewer compared to options like Quotex with over 400. Leverage is up to 1:500, but the $250 minimum deposit is higher than rivals. Forex trading: IQCent traders have access to binary options on over 55 forex pairs, including exotics like MXN and HUF starting in 2025. Payouts for binary options on currency pairs can reach up to 95%. The web-based platform is user-friendly and ideal for new traders. Crypto trading: IQCent provides various crypto binary assets paired with USDT, including Bitcoin and Trump hype, offering payouts up to 1500%, the highest on any binary platform. Its mix of OTC and non-OTC crypto binaries allows for 24/7 trading, and our tests showed the platform runs quickly with little delay. |
| Warning | – | We do not recommend IQCent due to high volumes of withdrawal complaints and regulatory warnings. |
| Instruments | Binary Options on Forex & Cryptos | Binary Options, CFDs, Forex, Indices, Commodities, Crypto |
| Demo account | Yes | Yes |
| Minimum deposit | $5 | $250 |
| Minimum trade | $1 | $0.01 |
| Max payout | 95% | 98% |
| Expiry times | 30 seconds - 1 month | 5 seconds - 1 month |
| Ladder options | No | No |
| Boundary options | No | No |
| Platforms & tools | ||
| Mobile apps | iOS & Android via mobile web trader | iOS & Android via mobile web trader |
| Mobile trading | CloseOption's TradeRoom is an excellent choice for beginners, featuring a simple design that makes learning easy. You can quickly place short-term trades starting at 5 seconds using basic chart tools. Tutorials and regular updates with video demos improve the experience, and weekly contests are available for experienced traders. | IQCent provides mobile trading via major browsers with an intuitive design. You can easily manage your account, view assets, and trade binaries with a few clicks. The copy trading feature is easily accessible at the bottom, and interactive charts are available for zooming. |
| MetaTrader 4 | No | No |
| MetaTrader 5 | No | No |
| cTrader | No | No |
| TradingView | No | Yes |
| AlgoTrader | No | No |
| OmniTrader | No | No |
| Autochartist | No | No |
| eSignal | No | No |
| Trading Central | No | No |
| Auto trading | – | Yes |
| Copy trading | No | Yes |
| Social trading | No | Yes |
| AI / machine learning | No | Yes |
| Robo advisor | No | No |
| VPS hosting | No | No |
| Account & payments | ||
| Payment methods | American Express, Apple Pay, Bitcoin Payments, Ethereum Payments, Google Pay, Mastercard, PayPal, UnionPay, Wire Transfer | American Express, Apple Pay, Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Google Pay, Mastercard, Visa, Wire Transfer |
| Account currencies | USD | USD, EUR |
| STP account | No | No |
| ECN account | No | No |
| DMA account | No | No |
| MAM account | No | No |
| PAMM account | No | No |
| LAMM account | No | No |
| Demat account | No | No |
| Islamic account | No | No |
| Negative balance protection | No | No |
| Market maker | No | No |
| Margin trading | No | Yes |
| Tournaments | Yes | Yes |
| Demo competitions | Yes | No |
| Ethical investing | No | No |
| Markets | ||
| Stock exchanges | – | Dow Jones, FTSE UK Index, Hong Kong Stock Exchange, IBEX 35, Nasdaq, S&P 500, SIX Swiss Exchange |
| Commodities | – | Gold, Copper, Oil, Silver |
| Spot trading | No | No |
| P2P trading | No | No |
| CFD trading | No | Yes |
| CFD leverage | – | 1:500 |
| CFD FTSE spread | – | 1.4 |
| CFD GBPUSD spread | – | 0.8 |
| CFD oil spread | – | 0.05 |
| Forex trading | Yes | Yes |
| Forex GBPUSD spread | No fee - payouts approx. 80% (Copper) | 0.8 |
| Forex EURUSD spread | No fee - payouts approx. 80% (Copper) | 0.3 |
| Forex EURGBP spread | No fee - payouts approx. 80% (Copper) | 0.8 |
| Forex assets | 20+ | 55+ |
| Crypto trading | Yes | Yes |
| Crypto spread | – | Variable |
| Crypto coins | BCH, BTC, ETH, LTC, XBT | BNB, BTC, DOGE, ETC, ETH, LTC, MATIC, QNT, SOL, USDT, XMR, XRP |
| Crypto lending | No | No |
| Crypto mining | No | No |
| Crypto staking | No | No |
| Crypto auto market maker | No | No |
| Visit | Visit | Visit |
Your capital is at risk. Never trade with more money than you can afford to lose.
FAQ
Is CloseOption or IQCent better?
Overall we have rated CloseOption (75%) higher than IQCent (45%), but there are additional factors to take into consideration. For example, does CloseOption accept traders from your country and do they offer the kind of features or trading platforms you prefer? Use our comparison table to see if CloseOption or IQCent is best for you.