Quick verdict
Olymp Trade comes out ahead with a score of 3.9/5, against 3.1/5 for IQcent.
Olymp Trade is best for: Traders who want a mature app and a registered entity
Avoid Olymp Trade if: You need a top-tier regulator or live in India
IQcent is best for: Very small trades and copy trading
Avoid IQcent if: You deposit by card or want any regulator behind the broker
Scores side by side
Olymp Trade 3.9/5
- Platform & apps4.5
- Costs & minimums4.4
- Payments4.4
- Support4.2
- Regulation & transparency2.6
IQcent 3.1/5
- Platform & apps3.9
- Costs & minimums3.2
- Payments3.8
- Support3.6
- Regulation & transparency1.5
First look: the two websites
About Olymp Trade and IQcent
Olymp Trade (2014). Olymp Trade has offered fixed-time trading since 2014 and later added forex and CFD trading. The platform is aimed at retail traders who want short trades on currencies, crypto, commodities and shares with a small budget.
IQcent. IQcent combines fixed-time options with CFD trading on one proprietary platform. It is known for tiny minimum trade sizes and a tiered account structure.
Regulation and safetyWinner: Olymp Trade
Neither Olymp Trade nor IQcent is authorised by a top-tier regulator such as the FCA, CySEC or ASIC. Both operate through offshore companies, so there is no compensation scheme and no regulator in your country to complain to.
Official warnings and alert-list entries in our sources: Olymp Trade 1, IQcent 0.
| Feature | Olymp Trade | IQcent |
|---|---|---|
| Regulation | No top-tier regulator. Its operator is registered in Vanuatu, and it is a member of The Financial Commission, a private dispute body. | No. It is reportedly run from the Marshall Islands and cites only IFMRRC, a private organisation. |
| Regulator warnings on record | RBI | – |
| Dispute body | Member of The Financial Commission (private dispute body) | No external dispute body |
On transparency and safety we score Olymp Trade higher (2.6 vs 1.5).
Minimum deposit and feesWinner: Olymp Trade
Both brokers ask for the same minimum deposit: $10. The smallest trade is $1 at Olymp Trade and $0.01 at IQcent.
| Feature | Olymp Trade | IQcent |
|---|---|---|
| Minimum deposit | $10 | $10 |
| Minimum trade | $1 | $0.01 |
| Fees | No deposit fee advertised; spreads and swaps in forex mode | Card deposits reported at 5%; crypto free |
| Withdrawal fees | No platform fee advertised; payment-provider fees may apply | Reported card deposit fee of 5%; check the cashier |
| Inactivity fee | Check the current terms | Check the current terms |
| Bonus | Promo codes and deposit bonuses with conditions | Large deposit bonuses with turnover conditions |
Payouts and the win rate you needWinner: IQcent
IQcent advertises the higher maximum payout (95% vs 93%). That lowers the win rate you need to break even from 51.8% to 51.3%.
| Feature | Olymp Trade | IQcent |
|---|---|---|
| Max. payout | 93% | 95% |
| Break-even win rate | 51.8% | 51.3% |
| Note | 93% applies to selected assets; observed payouts are lower off-peak | Sources report 84–98% depending on tier and asset |
Advertised maximums apply to selected assets at the best times. Check the payout shown on the trade ticket before you open a trade; it is often lower.
Platform and mobile appWinner: Olymp Trade
Olymp Trade. A proprietary web platform with clean charts, indicators and trade history. Fixed-time and forex modes sit in the same interface.
IQcent. A web trader with binary and CFD modes, plus copy trading from about USD 20.
| Feature | Olymp Trade | IQcent |
|---|---|---|
| Platform | Web, Android, iOS | Web, Android, iOS |
| Android | Yes | Yes |
| iPhone | Yes | Yes |
| Extras | Account tiers, Advanced charts | Account tiers, Social trading |
Assets and expiry times
| Feature | Olymp Trade | IQcent |
|---|---|---|
| Number of assets | 100+ | – |
| Markets | Forex, Crypto, Commodities, Stocks, Indices | Forex, Crypto, Commodities, Indices |
| Expiry times | 5 seconds – 23 hours | From 5 seconds (short-term focus) |
Deposits and withdrawalsWinner: Olymp Trade
Olymp Trade. Minimum withdrawal USD 10. Identity verification is required before the first payout; higher account levels get priority processing.
IQcent. Minimum withdrawal reported at USD 20; faster on higher tiers.
| Feature | Olymp Trade | IQcent |
|---|---|---|
| Deposit methods | Bank cards, E-wallets, Crypto, Local methods | Bank cards, Crypto |
| Withdrawal methods | Bank cards, E-wallets, Crypto, Local methods | Bank cards, Crypto |
| Minimum withdrawal | $10 | $20 |
| Withdrawal time | Depends on account level and method; priority for higher levels | Faster on higher tiers |
Demo accountDraw
Both brokers offer a free demo account, so you can compare the two platforms with virtual money before you deposit.
| Feature | Olymp Trade | IQcent |
|---|---|---|
| Demo balance | Yes | Yes |
| Try without registering | – | – |
Customer supportWinner: Olymp Trade
| Feature | Olymp Trade | IQcent |
|---|---|---|
| Support channels | Live chat, Email, Help centre | Live chat, Email |
| Support | 4.2/5 | 3.6/5 |
Where you can use themDraw
Olymp Trade accepts clients in 38 of the countries we cover, IQcent in 38.
Pros and cons
Olymp Trade
- +Government-registered entity in Vanuatu plus Financial Commission membership
- +Payouts up to 93% and expiries from 5 seconds to 23 hours
- +Low entry: USD 10 deposit, USD 1 trades
- +Well-built web platform and mobile apps
- −No top-tier regulator; Vanuatu is a light-touch jurisdiction
- −On India's RBI Alert List
- −Best conditions reserved for higher account levels
- −Not available in the US, UK, Canada or the EEA
IQcent
- +Trades from USD 0.01
- +Copy-trading feature
- +Payouts advertised up to 95%
- +Crypto deposits accepted
- −No regulator; cites a private organisation (IFMRRC)
- −Minimum deposit varies by region, up to USD 250
- −Card deposits reported to carry a 5% fee
- −Third-party reports of regulator warnings
Verdict: Olymp Trade or IQcent?
Olymp Trade wins 5 of 7 categories in this comparison. Olymp Trade comes out ahead with a score of 3.9/5, against 3.1/5 for IQcent.
Our pick: Olymp Trade
Olymp Trade is best for: Traders who want a mature app and a registered entity
Whichever you choose, start with the demo, keep your first deposit small and test a withdrawal before you add more. Binary options are high-risk and most retail traders lose money.
Frequently asked questions
Which is better, Olymp Trade or IQcent?
On our score Olymp Trade is ahead (3.9/5 vs 3.1/5). Olymp Trade is best for: Traders who want a mature app and a registered entity. IQcent is best for: Very small trades and copy trading.
Which has the lower minimum deposit, Olymp Trade or IQcent?
Both brokers ask for the same minimum deposit: $10.
Which pays more, Olymp Trade or IQcent?
IQcent advertises the higher maximum payout (95% vs 93%). That lowers the win rate you need to break even from 51.8% to 51.3%.
Are Olymp Trade and IQcent regulated?
Neither holds a licence from a top-tier regulator such as the FCA, CySEC or ASIC. Both operate through offshore companies, so your money has limited protection.