Short answer
Olymp Trade is ahead on our score, 3.9/5 against 3.1/5 for IQcent.
Olymp Trade fits: Traders who want a mature app and a registered company
Skip Olymp Trade if: You need a strong regulator or live in India
IQcent fits: Very small trades and copy trading
Skip IQcent if: You pay by card or want a regulator behind you
Score by score
Olymp Trade 3.9/5
- Platform and apps4.5
- Costs and minimums4.4
- Payment options4.4
- Support4.2
- Licensing and openness2.6
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
Olymp Trade and IQcent in brief
Olymp Trade (2014). Olymp Trade has offered fixed-time trades since 2014 and later added forex and CFDs. It targets small-budget traders who want short trades on currencies, crypto, commodities and shares, and it has long marketed heavily in South and Southeast Asia.
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: Olymp Trade
Neither Olymp Trade 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: Olymp Trade 1, IQcent 0.
| What we compare | Olymp Trade | IQcent |
|---|---|---|
| Licence | No leading regulator. Its operator is registered in Vanuatu and it belongs to The Financial Commission, a private dispute body. | 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 Olymp Trade scores higher (2.6 vs 1.5).
Entry cost and chargesBetter here: Olymp Trade
Both ask for the same first deposit: $10. The smallest trade is $1 on Olymp Trade and $0.01 on IQcent.
| What we compare | Olymp Trade | IQcent |
|---|---|---|
| Lowest deposit | $10 | $10 |
| Lowest trade | $1 | $0.01 |
| Charges | No pay-in fee listed; spreads and swaps on forex trades | Reported 5% charge on card deposits; crypto deposits free |
| Pay-out charges | No platform fee listed; payment providers may charge | Reported 5% fee on card deposits; check the cashier |
| Dormant account fee | Check the current terms | Check the current terms |
| Bonus | Promo codes and deposit bonuses with conditions | Large deposit bonuses with volume rules |
Payouts and the win rate you needBetter here: IQcent
IQcent advertises the higher top payout (95% vs 93%), which cuts the win rate you need to break even from 51.8% to 51.3%.
| What we compare | Olymp Trade | IQcent |
|---|---|---|
| Top payout | 93% | 95% |
| Win rate to break even | 51.8% | 51.3% |
| Note | 93% applies to selected assets; quieter hours pay less | 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: Olymp Trade
Olymp Trade. An in-house web platform with tidy charts, indicators and trade history; fixed-time and forex modes share one screen.
IQcent. Web platform with options and CFD modes, and copy trading from about USD 20.
| What we compare | Olymp Trade | IQcent |
|---|---|---|
| Platform | Browser, Android, iPhone | Browser, Android, iPhone |
| Android | Yes | Yes |
| iPhone | Yes | Yes |
| Extras | Account levels, Strong charts | Account levels, Copy trading |
Instruments and trade durations
| What we compare | Olymp Trade | IQcent |
|---|---|---|
| Instruments | 100+ | – |
| Markets | Currencies, Crypto, Commodities, Shares, Indices | Currencies, Crypto, Commodities, Indices |
| Trade durations | 5 seconds – 23 hours | From 5 seconds (short-term) |
Paying in and cashing outBetter here: Olymp Trade
Olymp Trade. USD 10 minimum. ID and address checks come before the first pay-out; higher levels are processed first.
IQcent. Reported USD 20 minimum; faster on higher levels.
| What we compare | Olymp Trade | 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 | Depends on account level and method; higher levels first | 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 | Olymp Trade | IQcent |
|---|---|---|
| Practice balance | Yes | Yes |
| Try without signing up | – | – |
SupportBetter here: Olymp Trade
| What we compare | Olymp Trade | IQcent |
|---|---|---|
| How to reach support | Live chat, Email, Help pages | Live chat, Email |
| Support | 4.2/5 | 3.6/5 |
Which markets they acceptLevel
Olymp Trade accepts residents of 18 of the markets we cover, IQcent of 18.
Strengths and weak points
Olymp Trade
- +Operator registered in Vanuatu; Financial Commission member since 2016
- +Payouts up to 93% and timers from 5 seconds to 23 hours
- +Low entry: USD 10 deposit and USD 1 trades
- +Well-made web platform and apps
- −No strong regulator; Vanuatu oversight is light
- −On the Reserve Bank of India's Alert List
- −Best conditions only on higher account levels
- −Closed to the US, UK, Canada and the EEA
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, Olymp Trade or IQcent?
Olymp Trade is better in 5 of 7 categories here. Olymp Trade is ahead on our score, 3.9/5 against 3.1/5 for IQcent.
Our choice: Olymp Trade
Olymp Trade fits: Traders who want a mature app and a registered company
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
Olymp Trade or IQcent: which is better?
Olymp Trade is ahead on our score (3.9/5 vs 3.1/5). Olymp Trade fits: Traders who want a mature app and a registered company. IQcent fits: Very small trades and copy trading.
Which needs a smaller deposit, Olymp Trade or IQcent?
Both ask for the same first deposit: $10.
Which pays more, Olymp Trade or IQcent?
IQcent advertises the higher top payout (95% vs 93%), which cuts the win rate you need to break even from 51.8% to 51.3%.
Does any regulator supervise Olymp Trade or IQcent?
No leading regulator and no Asian regulator licenses either of them. Both work through offshore companies, so your money has little protection.
More comparisons and guides
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- Expert Option vs IQcent
- Olymp Trade vs Binomo
- Olymp Trade vs Binarium
Olymp Trade review →IQcent review →Is Olymp Trade legit? →Is IQcent legit? →
