Closeoption vs IQCent

Compare Closeoption and IQCent in this side-by-side table listing each broker’s features, platforms, instruments and much more.

Closeoption vs IQCent Comparison Table 2024
Feature Closeoption IQCent
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3.8
United States Flag
United States accepted
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3.7
United States Flag
United States accepted
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Summary

CloseOption is a Georgia-headquartered broker with over a decade in the trading industry. The brand offers high/low binary options trading on forex and crypto markets, with decent payouts, welcome bonuses, 24/7 customer support and intuitive trading software.

CloseOption offers binary options trading on 30+ fiat and digital currencies through an easy-to-use web-based platform. 15 contract timeframes are available from 30 seconds to 1 month, suiting both short-term and long-term traders. New users also get a joining gift.

Forex Trading
CloseOption offers binaries on 25+ forex pairs, including majors like EUR/USD and a few minors like AUD/JPY. Payouts vary by currency, with decent typical payouts of 75% for GBP/USD.

Crypto Trading
CloseOption traders can access high/low binary options on five major cryptos all paired with USD. Payouts of 40% are available due to digital assets' high market volatility, which compares well with rivals.

IQCent is an offshore binary options and CFD broker based in the Marshall Islands. The brand continues to offer a range of unique account types with bonuses and perks, including payout boosts, TradeBacks and free rollovers. With 100+ assets, around-the-clock trading and 98% payouts, the firm is popular with aspiring short-term traders.

IQCent offers binary options with above-average payouts up to 98%. The broker supports an online platform with basic analysis tools but a wide range of timeframes, from 1 minute to 1 month, catering to short and long term trading strategies. Considering the negatives, there are no binaries on stocks.

CFD Trading
CFDs are available on forex, indices, commodities and cryptos, although the range of 100+ instruments is limited compared to alternatives such as Quotex with 400+. Leverage is available up to 1:500 but the $250 minimum deposit is noticeably higher than competitors.

Forex Trading
IQCent traders can access CFDs or binary options on 45+ forex pairs. CFD spreads start from 0.3 pips and binary options payouts are decent up to 95%. This is competitive compared to Pocket Option, for example, offering forex payouts up to only 81%.

Crypto Trading
IQCent offers 17 crypto pairs through its proprietary terminal, including Bitcoin, Ethereum and Litecoin. Leverage on crypto CFDs is capped at 1:10, whilst binary options payouts vary by token but remain competitive. OTC assets, for example, pay out up to 95%.

Awards
  • Best Binary Broker 2023 - DayTrading.com
Bonus $10 Welcome Gift 20% to 200% Deposit Bonus
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
Expiry Times 30 seconds - 1 month 5 seconds - 1 month
Ladder Binary Options No No
Boundary Binary Options No No
Payment Methods
  • Bitcoin Payments
  • Ethereum Payments
  • Mastercard
  • PayPal
  • Perfect Money
  • WebMoney
  • Wire Transfer
  • Bitcoin Payments
  • Credit Card
  • Debit Card
  • Ethereum Payments
  • Mastercard
  • Visa
  • Wire Transfer
Regulator National Bank of Georgia IFMRRC
Mobile Apps iOS & Android iOS & Android
Auto Trading No
Copy Trading No Yes
Social Trading No Yes
Margin Trading No Yes
MetaTrader 4 No No
MetaTrader 5 No No
cTrader No No
AlgoTrader No No
OmniTrader No No
TradingView No Yes
Autochartist No No
eSignal No No
Trading Central No No
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
AI / Machine Learning No No
Robo Advisor No No
Negative Balance Protection No No
Market Maker No No
P2P Trading No No
Spot Trading No No
VPS Hosting No No
Tournaments No Yes
Demo Competitions Yes No
Ethical Investing No No
Islamic Account No No
Account Currencies USD USD, EUR
Stock Exchanges
  • Dow Jones
  • FTSE UK Index
  • Hong Kong Stock Exchange
  • IBEX 35
  • Nasdaq
  • S&P 500
  • SIX Swiss Exchange
Commodities
  • Gold
  • Copper
  • Oil
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+ 49
Crypto Trading Yes Yes
Crypto Spread No fee - payouts approx. 40% (Copper) 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
rating empty
rating full
3.8
United States Flag
United States accepted
» Visit
rating empty
rating full
3.7
United States Flag
United States accepted
» Visit

FAQ

Is Closeoption or IQCent better?

Overall we have rated Closeoption (75%) higher than IQCent (73%), 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 easy comparison table to see if Closeoption or IQCent is best for you.