IQCent Fees And Costs: How Much Does It Cost To Trade

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Type of fees Fees from
Deposit fees $0
Withdrawal fees $0 ($50 on bank transfers)
Inactivity fees $0
Trading fees No spreads and commissions

IQCent is an online retail trade company that operates from Majuro, Marshall Islands. The online platform has introduced an innovative way of trading. Now, you can carry the trade operations in the form of cents as low as $0.01.

The platform offers trading in over 100 trading instruments, including forex, indices, CFDs, etc. With the help of a copy trading feature and demo account, you can learn about trading in speculative markets. The minimum deposit fees for IQCent is $10.

In this article, we will show you how much it costs to trade with IQCent. You will learn more about their fees and when they apply.

See here an overview of all charges and costs:

Deposit fees:Usually no deposit fees for most payment methods. Visa and MasterCard deposits carry a 5% fee
Withdrawal fees:No
Account maintenance fees:No
Inactivity fees:Monthly $10 after 90 days of inactivity
Overnight fees:Apply, they vary from 1% to 2.5% of the transaction amount
Currency conversion fee:0,05%
Market data fee:No
Trading platform fees:No trading platform fees
› Sign up for free with IQcent now

(Risk warning: Your capital can be at risk)

Spread fees, commissions, and swap fees

Spread fees are the difference between the bid and ask prices and are typically taken as a percentage of the trade size and represent the cost of executing the trade. It begins with 0,05% on the IQcent platform.

Commissions are a fee charged for executing a trade. This fee is usually charged as a percentage of the trade size and may vary depending on the financial instrument being traded. IQcent takes no commissions on the platform.

Swap fees vary from 1% to 2.5% of the transaction amount.

???? Commissions for deposits and withdrawals: No additional deposit or withdrawal fees
???? Commissions per binary options trade:$0
???? Spread fee:No additional spreads
???? Swap fee:From 1% to 2.5%

Trading fees for currency pairs on IQCent

Currency pair trading on IQcent
Currency pair trading on IQcent

At IQCent, trading currency pairs with binary options incurs fees based on the spread, which is the difference between the bid and ask prices. The spread typically ranges from 0 to 3 pips, depending on the specific pair and market conditions. When you trade with IQcent, you benefit from non-existing spreads on currency pair options.

Currency pair:CFD fees:Binary options fees:Minimum trade amount:
EUR/USDFrom 0.00 pipsNo$0.01
GBP/JPYFrom 0.00 pipsNo$0.01
AUD/CHFFrom 0.00 pipsNo$0.01
USD/JPYFrom 0.00 pipsNo$0.01
GBP/USDFrom 0.00 pipsNo$0.01
NZD/USDFrom 0.00 pipsNo$0.01

Trading fees for commodities on IQCent

Commodity fees on IQcent
Commodity trading on IQCent

When trading binary options on commodities with IQCent, the fees are embedded in the spread as well. The spread varies depending on the specific commodity and current market conditions but generally falls within the range of 0 to 5 pips. On IQCent, you have no spread fees on commodity options, which gives you the best trading experience.

Commodity:CFD fees:Binary options fees:Minimum trade amount:
GoldFrom 0.00 pointsNo$0.01
CopperFrom 0.00 pointsNo$0.01
Brent OilFrom 0.00 pointsNo$0.01

Trading fees for cryptocurrencies on IQCent

Cryptocurrency trading on IQcent
Cryptocurrency trading on IQcent

For cryptocurrency binary options at IQCent, the fees also come in the form of a spread. The spread for cryptocurrencies is often wider than those for currency pairs and commodities, as it depends on liquidity and volatility. However, this is not true for IQCent. You can expect spreads to range from 0 pips for most cryptocurrency binary options.

Cryptocurrency:CFD fees:Binary options fees:Minimum trade amount:
BitcoinFrom 0.00 pipsNo$0.01
DOGEFrom 0.00 pipsNo$0.01
EthereumFrom 0.00 pipsNo$0.01
› Sign up for free with IQcent now

(Risk warning: Your capital can be at risk)

Trading fees for stocks on IQCent

Stock trading on IQcent
Stock trading on IQcent

When trading stock binary options at IQCent, a fixed commission fee is charged per trade rather than a spread. The commission varies depending on the trade size, specific stock, and market conditions, so it is essential to review the fee schedule provided by IQCent for each stock before initiating a trade.

Stock:CFD fees:Binary options fees:Minimum trade amount:
BMWFrom 0.00 pipsNo$0.01
LufthansaFrom 0.00 pipsNo$0.01
DaimlerFrom 0.00 pipsNo$0.01

Trading fees for indices on IQCent

Index trading on IQcent
Index trading on IQcent

For indices binary options trading on IQCent, a fixed commission fee is also applied per trade. The commission fees for indices are separate from those for stock binary options and can differ based on the specific index being traded. To understand the applicable fees, consult the IQCent fee schedule for each index before placing your trade.

Index:CFD fees:Binary options fees:Minimum trade amount:
Spain35From 0.00 pipsNo$0.01
USA30From 0.00 pipsNo$0.01
Swiss20From 0.00 pipsNo$0.01

Commissions on IQCent explained

The broker charges commissions for commencing and operating the trade operations in the speculative market on behalf of the trader.

The broker’s commission varies depending upon the type of services provided to the client. There is no commission charged on withdrawals. The brokers who do not take personal advice and let the client control trade charge less commission rate. These brokers are known as execution-only brokers.

IQ Cent - 3 easy steps

IQcent fees overview:

The online trading platform does not charge any fees on deposits in IQCent. The broker charges deposit fees of $10 minimum. For opening a cryptocurrency position, the trading platform charges a 2.9% commission.

#1 Overnight fees

These are also known as swap fees. The online broker charges an overnight fee on CFD positions that are left open. The fee ranges from 0.01%-0.5%. It is chargeable on the face value of the position.

The overnight fee also affects the price of ETFs, Commodities, Indices, CFDs, and Cryptocurrencies.

#2 Trading fees

The trading platform charges no fees on opening or closing the trade, which means that the platform helps you earn profits and save money. 

You are free to trade on the platform without paying any commission or fees. Moreover, the broker doesn’t charge spread; it earns money through other means.

#3 Inactivity fees

The broker charges a dormant fee if the account remains inactive for more than ninety days. If you are not opening the trades or not operating them, then the trading platform charges fees. It is recommendable that you do not leave your account inactive for more than ninety days.

IQcent trading platform
› Sign up for free with IQCent now

(Risk warning: Your capital can be at risk)

#4 Withdrawal fees

Usually, the online broker does not charge any withdrawal fees, but if you are a premium account holder and use a third-party method for withdrawals, the platform may charge some fees.

Withdrawal processes take place in the same account through which you make the deposit. If the deposit account does not belong to the trader, the withdrawals are not processed for security reasons.

The minimum withdrawal amount is $20.

You can fund or make withdrawals with these methods:

  • Perfect Money
  • Bitcoin
  • Visa
  • Bank Wire Transfer 
  • Ethereum
  • Neteller
  • Altcoins
  • Litecoins
  • Skrill

#5 Verification fees

It is the fee that is chargeable for opening an account and making the deposit. IQCent does not charge any verification fee. Only a minimum deposit of $10 is required to open an account with the online broker.

Margins and spreads

Trading-conditions-of-IQcent

Margins spread, and commissions determine the cost of trading. The difference between the bid price and the asking rate is known as the spread. IQCent offers spread at lower rates.

Margin refers to the amount of money that is required to open a position in your account. It is determined according to the price of the base currency against US dollars, the volume of trade, and the applied leverage.

The IQcent bonus

Brokers provide a bonus to attract potential traders. The main reason behind giving a bonus to the traders is to compensate them for the payments they have made since the opening of the account.

IQCent offers bonuses to traders during initial transactions; your amount of deposit determines the bonus. The online trading platform also conducts a referral program under which the clients can invite their friends and family to sign up with the help of a referral code and the link provided. 

The client receives 20% of the bonus if their friend or a family member signs up. The bonus can reach up to 100%. To withdraw the profits, you need to perform the trade in high volume.

Get a free deposit bonus of 100% with our promotion code “BOFREE (100$ No Deposit Bonus)”

› Sign up for free with IQCent now

(Risk warning: Your capital can be at risk)

Conclusion: no hidden fees with IQCent

IQCent is an innovative way of trading in online speculative markets. The company deals in CFDs, Forex, and other assets. You can open an account with fees as low as $10. It also offers you to trade in the form of cents, the trading platform does not charge any withdrawal fees, but some charges occur when payment is made through third parties, for example, banks. 

The online broker does not charge any trading or verification fees; the spreads are also very low. They earn money through other alternatives and help you in saving money.

The commission is only chargeable for the services provided, and it varies for different services.

Though the platform tries its best to create a risk-free environment for trading, it is important to understand that the market is dynamic and prone to risk. The company is not regulated; therefore, your hard-earned money can be at risk. New traders need to be aware of the market environment.

The trading platform is preferable for the learners as it creates a risk-free environment for the clients, and they can learn new trade techniques from the experts with the help of copy trading tools.

Safety of client funds on IQcent
› Sign up for free with IQCent now

(Risk warning: Your capital can be at risk)

Frequently asked questions about the fees on IQCent:

Are there overnight fees/swap fees on IQCent?

Yes, if you trade CFDs at IQCent and hold them overnight, swap fees apply. At IQCent, they are between 0.01% and 0.5%. If you do not hold your positions overnight, there are no swap fees.

Is IQCent free?

Yes, IQCent is completely free if you use a demo account. Here you can trade with virtual funds without any risk. If you choose to trade with real money, of course, the usual spreads and commissions will apply. Except for the capital risk, there are no further hidden costs. The use of the platform is free of charge.

Are there any hidden costs on IQCent?

No, there are no hidden costs at IQCent. You only pay the trading fees. This is completely normal, and they are incurred by almost every broker. In exchange, the platform provides you with a good trading experience and useful indicators.

What are the deposit and withdrawal fees on IQCent?

There are no deposit fees and no withdrawal fees on IQCent!