Introduction: What Is IQCent?
IQCent is a comprehensive trading platform for binary options, forex, and CFDs operated by Wave Makers LTD. Based in the Marshall Islands, IQCent promotes fast withdrawal times, copy trading, and 24/7 customer service, among many other things. Unfortunately, from our research on this platform, there are a lot of red flags with IQCent, given the complete lack of regulation, consumer complaints, and warnings issued by many regulators.
This IQCent review aims to give our readers information on how IQCent operates and to raise awareness of the risks and things a trader should watch for.
IQCent Overview
- Company Name: IQCent
- Website: https://iqcent.com/ and https://iqcent.digital/
- Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960
- Regulation Status: Not Regulated
- Operating Since: 2017-01-30
- Warned By: Financial Conduct Authority (United Kingdom) and Comisión Nacional del Mercado de Valores (Spain)
Company Profile: Unregulated and Offshore
Operated by Wave Makers LTD
- Registered address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960
- Registered Number: 103581
The Marshall Islands are largely unregulated, with weak regulatory standards and oversight, thus making it very appealing to unlicensed entities. IQCent does not possess a Financial License from any recognised Financial authority, which equates to no investor protection, no regulatory oversight, and no insurance in case of misconduct.
Regulatory Warnings
CNMV – Spain
- November 2, 2020: The Spanish National Securities Market Commission (CNMV) issued a warning stating IQCent was not licensed to carry on investment services in Spain.
FCA – United Kingdom
- June 26, 2025: The UK Financial Conduct Authority (FCA) issued a warning about IQCent and stated it appeared to be offering financial services without proper registration and recommended investors stay clear of the firm altogether.
Warnings from regulators and authorities are a scary reminder of IQCent’s unregistered and probably dangerous selling of financial products.
Customer Experiences
IQCent has a poor Trustpilot score of 1.5/5 based on numerous negative reviews. Here is a summary of user complaints:
Common Complaints
- Withdrawal Issues: Users reported withdrawal delays, denied requests, and/or were told to pay extra fees to receive the money back.
- Pressure to Invest More: Many reviewers said they were pressured to provide additional, higher deposits to the account prior to account access being denied.
- Vanishing Communication: Many customers noted that once deposits were made, they would communicate with customer service again.
- Fund Losses: A large number of people noted losses of funds without any clear commitment to recovering funds, if possible.
Domain and Online Footprint
IQCent was established in 2017, but its other domain, iqcent.digital was registered in 2024, suggesting it either just tried to expand as a fictitious business entity or tried to rebrand because of the negative perspectives of IQCent.
Why You Should Stay Cautious
Key Reasons to Avoid IQCent:
- No Regulations – No relevant oversight or authority.
- Offshore – Registered in a jurisdiction ruled by poor investor protection.
- Multiple Warnings – Warnings made by FCA and CNMV.
- Negative User Feedback – Low Trustpilot rating and many complaints.
- Withdrawal Difficulties – No ability to withdraw funds, and then requests additional fees.
Final Thoughts
IQCent could be engaging with low deposit limitations, and its features, like copy trading; however, with no regulation, complaints against the company have been recorded, and now warnings from official bodies. One cannot overlook these issues. If you are using your money, especially in the unpredictable trade world, then you should choose trading platforms that are licensed, regulated, transparent, and reputable.
Need Help? We’re Here for You!
At BrokersReviewer, we provide extensive reviews of trading platforms to keep you informed and protected. If you have been deceived by IQCent or a similar trading platform and it has had a financial impact on you, please contact us so we can explain your options and point you in the right direction.
Stay informed. Read broker reviews, compare platforms, and always verify licensing details.
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