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24Option vs IQCent

24Option or IQCent – which is better for UK traders 2024? Compare 24Option and IQCent in this detailed breakdown of their platforms, features and fees.

24Option vs IQCent Comparison Table 2024
24Option	IQCent

2	3.7
24Option is ranked #11 among binary options brokers.	IQCent is ranked #2 among binary options brokers.
Review	Review
24Option has closed or no longer accepts UK clients. Trade nearly 200+ global stocks at 24Option via CFDs. Spreads are competitive and stop loss and take profit orders are available. Even trade new cannabis firms in Canada!	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.
Pros
	The broker offers up to 98% payouts on binary options, which is more than alternatives like Pocket Option, only offering up to 92% The proprietary terminal offers TradingView-powered charts which deliver dozens of technical indicators and studies IQCent is one of the few binary options brokers that also offers a copy trading service for hands-off traders CFD trading fees are competitive based on tests, including 0.7 pips on major forex pairs such as EUR/USD The broker's 24/7 customer support is fast and reliable, responding within 1 minute during tests There's an accessible $0.01 minimum stake for new traders with a small budget Keen traders can take part in trading contests with cash prizes
Cons
	IQCent trails binary brokers like Quotex with its narrow investment offering of around 100 assets with no stocks The broker is not overseen by a respected regulator, though this is common among binary options firms IQCent charges a punitive $10 monthly inactivity fee if you fail to place at least 1 trade per month The market analysis is very basic with limited technical summaries and insights from analysts There's no automated trading support for algo traders
Awards
	Best Binary Broker 2023 - DayTrading.com
FCA Regulated
No	No List of FCA Regulated Brokers
Instruments
CFDs, Forex, Stocks, Cryptos	Binary Options, CFDs, Forex, Indices, Commodities, Crypto
Bonus
	20% to 200% Deposit Bonus
Demo Account
Yes	Yes
Minimum Deposit
$250	$250
Payment Methods
Paysafecard Yandex Money	Credit Cards Debit Card Mastercard Visa Wire Transfer
Minimum Trade
0.1 Lots	$0.01
Regulator
CySec	IFMRRC
Mobile Apps
iOS, Android and Windows	iOS & Android
Trading App
	IQCent offers mobile trading directly through major browsers with an intuitive design that we love. You can navigate your account, browse assets and trade binaries in a few clicks. Straightforward access to the copy trading feature at the bottom is also a bonus, alongside the interactive charts which you can pinch to zoom.
iOS App Rating
	4.3
Android App Rating
	4.1
Margin Trading
No	Yes
MetaTrader 4
Yes	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
Auto Trading
	No
Copy Trading
No	Yes
Copy Trading Platform
	A copy trading service is pre-integrated into the broker’s web platform, where you can follow and replicate the trades of up to 10 established investors. Where it shines is its ease of use - you simply decide how much you want to invest and hit 'copy'. On the downside, the pool of master traders is narrow and you get limited data on past performance, making it less reliable.
Social Trading
No	Yes
VPS Hosting
No	No
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$10
Islamic Account
No	No
Account Currencies
	USD EUR
Commodities
	Gold Copper Oil
CFD
	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.
Leverage
1:30 (EU), 1:200 (Global)	1:500
FTSE Spread
1 pt	1.4
GBPUSD Spread<
0.2 pips (var)	0.8
Oil Spread
1 pip	0.05
Stocks Spread
0.2% Var	N/A
Forex
24Option deliver a high quality forex trading service, with over 45 currency pairs and variable spreads from just 3 pips.	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%.
Assets
45+	49
GBPUSD Spread
0.2 pips (var)	0.8
EURUSD Spread
0.2 pips (var)	0.3
EURGBP Spread
0.9 pips (var)	0.8
Cryptocurrency
24option offer crypto with the tightest margins. They also offer markets against a range of currencies, not just USD.	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%.
Spread
BTC 0.4%, ETH 0.5%	Variable
Coins
BCH BTG BTC ETH LTC XRP XRM	BTC ETH LTC ETC DOGE MATIC QNT SOL XRP USDT XMR BNB
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
	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.
Payout
	98%
Expiration Times
	5 seconds - 1 month
Boundary Options
Yes	No
Ladder Options
No	No

24Option	IQCent
Review	Review
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