Short answer
Binomo is ahead on our score, 3.7/5 against 3.1/5 for IQcent.
Binomo fits: Beginners who enjoy contests and small stakes
Skip Binomo if: You want trades longer than an hour or a regulator behind the platform
IQcent fits: Very small trades and copy trading
Skip IQcent if: You pay by card or want a regulator behind you
Score by score
Binomo 3.7/5
- Platform and apps4.2
- Costs and minimums4.3
- Payment options4.4
- Support4.0
- Licensing and openness2.3
IQcent 3.1/5
- Platform and apps3.9
- Costs and minimums3.2
- Payment options3.8
- Support3.6
- Licensing and openness1.5
How the two sites look
Binomo and IQcent in brief
Binomo (2014). Binomo has offered short fixed-time trades since 2014, aimed at beginners in Asia, Africa and Latin America, with a game-like screen and frequent contests.
IQcent. IQcent combines fixed-time options and CFDs on its own platform and is known for very small trades and account levels.
Licence and safetyBetter here: Binomo
Neither Binomo nor IQcent is authorised by a leading regulator or by any regulator in Asia. Both run through offshore companies, so there is no compensation fund and no local authority to complain to.
Official warnings and alert-list entries we found: Binomo 1, IQcent 0.
| What we compare | Binomo | IQcent |
|---|---|---|
| Licence | No government regulator. Dolphin Corp LLC in St Vincent and the Grenadines runs it; it is a Financial Commission member. | No. Reportedly run from the Marshall Islands, citing only IFMRRC, a private organisation. |
| Official warnings we found | RBI | – |
| Dispute body | Member of The Financial Commission (private dispute body) | No outside dispute body |
On licensing and openness Binomo scores higher (2.3 vs 1.5).
Entry cost and chargesBetter here: Binomo
Both ask for the same first deposit: $10. The smallest trade is $1 on Binomo and $0.01 on IQcent.
| What we compare | Binomo | IQcent |
|---|---|---|
| Lowest deposit | $10 | $10 |
| Lowest trade | $1 | $0.01 |
| Charges | No pay-in or pay-out fee listed; bonuses carry volume rules | Reported 5% charge on card deposits; crypto deposits free |
| Pay-out charges | None listed | Reported 5% fee on card deposits; check the cashier |
| Dormant account fee | Check the current terms | Check the current terms |
| Bonus | Deposit bonuses with volume rules | Large deposit bonuses with volume rules |
Payouts and the win rate you needBetter here: IQcent
IQcent advertises the higher top payout (95% vs 90%), which cuts the win rate you need to break even from 52.6% to 51.3%.
| What we compare | Binomo | IQcent |
|---|---|---|
| Top payout | 90% | 95% |
| Win rate to break even | 52.6% | 51.3% |
| Note | 90% is the advertised top on selected assets | Sources cite 84–98% by level and asset |
Top payouts apply to a few assets at the busiest hours. Look at the payout on the trade ticket before you open a trade; it is often lower.
Platform and phone appsBetter here: Binomo
Binomo. A fast browser platform: chart, stake, timer and an up or down button, with contests and achievements alongside.
IQcent. Web platform with options and CFD modes, and copy trading from about USD 20.
| What we compare | Binomo | IQcent |
|---|---|---|
| Platform | Browser, Android, iPhone | Browser, Android, iPhone |
| Android | Yes | Yes |
| iPhone | Yes | Yes |
| Extras | Account levels, Contests, Easy layout | Account levels, Copy trading |
Instruments and trade durations
| What we compare | Binomo | IQcent |
|---|---|---|
| Instruments | – | – |
| Markets | Currencies, Crypto, Commodities, Shares, Indices | Currencies, Crypto, Commodities, Indices |
| Trade durations | 1 minute – 1 hour | From 5 seconds (short-term) |
Paying in and cashing outBetter here: Binomo
Binomo. USD 10 minimum; speed depends on your level, with VIP first.
IQcent. Reported USD 20 minimum; faster on higher levels.
| What we compare | Binomo | IQcent |
|---|---|---|
| Pay-in methods | Cards, E-wallets, Crypto, Local payment methods | Cards, Crypto |
| Pay-out methods | Cards, E-wallets, Crypto, Local payment methods | Cards, Crypto |
| Smallest withdrawal | $10 | $20 |
| Pay-out speed | Faster on Gold and VIP | Faster on higher levels |
Practice accountLevel
Both have a free practice account, so you can try the two platforms with virtual money before depositing.
| What we compare | Binomo | IQcent |
|---|---|---|
| Practice balance | Yes | Yes |
| Try without signing up | – | – |
SupportBetter here: Binomo
| What we compare | Binomo | IQcent |
|---|---|---|
| How to reach support | Live chat, Email, Help pages | Live chat, Email |
| Support | 4.0/5 | 3.6/5 |
Which markets they acceptLevel
Binomo accepts residents of 18 of the markets we cover, IQcent of 18.
Strengths and weak points
Binomo
- +USD 10 deposits and USD 1 trades
- +Easy screen with daily contests
- +Many local payment methods in Asia
- +Category A member of The Financial Commission
- −No public regulator; company in St Vincent and the Grenadines
- −On the Reserve Bank of India's Alert List
- −Trades last at most one hour
- −Better payouts and faster pay-outs only on Gold and VIP
IQcent
- +Trades from USD 0.01
- +Copy trading
- +Advertised payouts up to 95%
- +Crypto deposits accepted
- −No regulator; cites a private body (IFMRRC)
- −Minimum deposit varies, up to USD 250
- −Reported 5% fee on card deposits
- −Regulator warnings reported by third parties
So, Binomo or IQcent?
Binomo is better in 5 of 7 categories here. Binomo is ahead on our score, 3.7/5 against 3.1/5 for IQcent.
Whichever you pick, practise on the demo first, keep the first deposit small and withdraw part of it before adding more. Binary options are high-risk and most retail accounts lose money.
Quick answers
Binomo or IQcent: which is better?
Binomo is ahead on our score (3.7/5 vs 3.1/5). Binomo fits: Beginners who enjoy contests and small stakes. IQcent fits: Very small trades and copy trading.
Which needs a smaller deposit, Binomo or IQcent?
Both ask for the same first deposit: $10.
Which pays more, Binomo or IQcent?
IQcent advertises the higher top payout (95% vs 90%), which cuts the win rate you need to break even from 52.6% to 51.3%.
Does any regulator supervise Binomo or IQcent?
No leading regulator and no Asian regulator licenses either of them. Both work through offshore companies, so your money has little protection.
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Binomo review →IQcent review →Is Binomo legit? →Is IQcent legit? →
