Short answer
Quotex is ahead on our score, 3.7/5 against 3.1/5 for IQcent.
IQcent fits: Very small trades and copy trading
Skip IQcent if: You pay by card or want a regulator behind you
Quotex fits: High advertised payouts and crypto deposits
Skip Quotex if: You want a licensed platform or a bonus without heavy volume rules
Score by score
IQcent 3.1/5
- Platform and apps3.9
- Costs and minimums3.2
- Payment options3.8
- Support3.6
- Licensing and openness1.5
Quotex 3.7/5
- Platform and apps4.5
- Costs and minimums4.5
- Payment options4.0
- Support3.5
- Licensing and openness2.1
How the two sites look
IQcent and Quotex in brief
IQcent. IQcent combines fixed-time options and CFDs on its own platform and is known for very small trades and account levels.
Quotex. Quotex is a fixed-time platform: pick an asset, a direction and a timer, and a correct call pays a set percentage. It is known for a simple web platform, high advertised payouts and many crypto deposit options, and has run since about 2019–2020.
Licence and safetyBetter here: Quotex
Neither IQcent nor Quotex 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: IQcent 0, Quotex 2.
| What we compare | IQcent | Quotex |
|---|---|---|
| Licence | No. Reportedly run from the Marshall Islands, citing only IFMRRC, a private organisation. | Third-party reviews name ON SPOT LLC GROUP in St Kitts and Nevis as the current operator, after Maxbit LLC and Awesomo Ltd. |
| Official warnings we found | – | CMVM, RBI |
| Dispute body | No outside dispute body | No outside dispute body |
On licensing and openness Quotex scores higher (2.1 vs 1.5).
Entry cost and chargesBetter here: Quotex
Both ask for the same first deposit: $10. The smallest trade is $0.01 on IQcent and $1 on Quotex.
| What we compare | IQcent | Quotex |
|---|---|---|
| Lowest deposit | $10 | $10 |
| Lowest trade | $0.01 | $1 |
| Charges | Reported 5% charge on card deposits; crypto deposits free | No pay-in or pay-out fee listed; bonus volume around 100 times |
| Pay-out charges | Reported 5% fee on card deposits; check the cashier | None listed |
| Dormant account fee | Check the current terms | Not stated in the sources we checked |
| Bonus | Large deposit bonuses with volume rules | Tiered deposit bonus (20–35%) with volume of about 100x the bonus |
Payouts and the win rate you needBetter here: Quotex
Quotex advertises the higher top payout (98% vs 95%), which cuts the win rate you need to break even from 51.3% to 50.5%.
| What we compare | IQcent | Quotex |
|---|---|---|
| Top payout | 95% | 98% |
| Win rate to break even | 51.3% | 50.5% |
| Note | Sources cite 84–98% by level and asset | Up to 98% on selected assets; often lower in practice |
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: Quotex
IQcent. Web platform with options and CFD modes, and copy trading from about USD 20.
Quotex. An in-house web platform with candle and line charts, indicators, drawing tools and a panel that shows the payout before you open a trade. It loads fast and needs no download.
| What we compare | IQcent | Quotex |
|---|---|---|
| Platform | Browser, Android, iPhone | Browser, Android |
| Android | Yes | Yes |
| iPhone | Yes | Browser app only |
| Extras | Account levels, Copy trading | In-house platform, Strong charts, Easy layout |
Instruments and trade durations
| What we compare | IQcent | Quotex |
|---|---|---|
| Instruments | – | – |
| Markets | Currencies, Crypto, Commodities, Indices | Currencies, Commodities, Shares, Indices, Crypto |
| Trade durations | From 5 seconds (short-term) | From about 1 minute; varies by asset |
Paying in and cashing outBetter here: Quotex
IQcent. Reported USD 20 minimum; faster on higher levels.
Quotex. USD 10 minimum for most methods, more for some coins. Verification is required, and an active bonus blocks withdrawal of the bonus and related profit until its volume is met.
| What we compare | IQcent | Quotex |
|---|---|---|
| Pay-in methods | Cards, Crypto | Cards, Crypto |
| Pay-out methods | Cards, Crypto | Cards, Crypto |
| Smallest withdrawal | $20 | $10 |
| Pay-out speed | Faster on higher levels | Depends on method; reviewers report a few days |
Practice accountLevel
Both have a free practice account, so you can try the two platforms with virtual money before depositing.
| What we compare | IQcent | Quotex |
|---|---|---|
| Practice balance | Yes | $10,000 |
| Try without signing up | – | – |
SupportBetter here: IQcent
| What we compare | IQcent | Quotex |
|---|---|---|
| How to reach support | Live chat, Email | Email, Help pages |
| Support | 3.6/5 | 3.5/5 |
Which markets they acceptLevel
IQcent accepts residents of 18 of the markets we cover, Quotex of 18.
Strengths and weak points
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
Quotex
- +Advertised payouts up to 98% on some assets
- +USD 10 deposits and USD 1 trades
- +Free USD 10,000 demo
- +Long list of crypto deposit options
- −No licence; the operating company has changed several times
- −Named by Pakistan's SECP, India's RBI and Portugal's CMVM
- −Bonus needs volume of roughly 100 times its value
- −Tickets and email only, no live chat
So, IQcent or Quotex?
Quotex is better in 5 of 7 categories here. Quotex 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
IQcent or Quotex: which is better?
Quotex is ahead on our score (3.7/5 vs 3.1/5). Quotex fits: High advertised payouts and crypto deposits. IQcent fits: Very small trades and copy trading.
Which needs a smaller deposit, IQcent or Quotex?
Both ask for the same first deposit: $10.
Which pays more, IQcent or Quotex?
Quotex advertises the higher top payout (98% vs 95%), which cuts the win rate you need to break even from 51.3% to 50.5%.
Does any regulator supervise IQcent or Quotex?
No leading regulator and no Asian regulator licenses either of them. Both work through offshore companies, so your money has little protection.
