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IQCent Review 2026

3.2/10
AFM Trust Score

IQCent is operated by Wave Makers LTD, a Marshall Islands company registration, and holds no financial licence from any regulator. Its headline products are five-second binaries paying up to 98% and a ‘Pool VS Pool’ feature advertising up to 2500% in fifteen seconds, where your payout depends on how much other people staked on each side. That is a pari-mutuel betting pool – the mechanism used by racetracks – not a financial instrument, and describing it as trading is generous. The site also carries a blanket disclaimer stating the company has no liability to anyone for any loss caused by operations on the website. This is the lowest-scoring platform in AFM’s entire review set and we would not put money into it.

Risk warning: your capital is at risk. Forex and CFDs carry the potential for gains, but statistically only 11–25% of traders profit while 74–89% lose their investment. AFM earns a commission if you open an account through our links — it never changes how we score a broker.

Operator
Wave Makers LTD (103581)
Jurisdiction
Marshall Islands
Regulator
None
Min. Deposit
$100
Min. Trade
$0.01
What we like
  • Names its operating company and registration number in the footer
  • Low $0.01 minimum trade size
  • 100+ instruments across stocks, crypto and commodities
  • Free demo account available before depositing
  • Android app available directly and via Google Play
What to watch
  • No financial licence or regulator of any kind
  • "Pool VS Pool" is a betting pool, not a financial instrument
  • Blanket disclaimer of all liability for any loss on the site
  • Five- and fifteen-second expiries are pure chance
  • $100 minimum is double RaceOption’s for the same product type
  • OTC 24/7 pricing is generated in-house, not from a real market
  • Binary options are banned for retail in the EU, UK and Australia
How we reviewed IQCent
  • Every headline figure — minimum deposit, spreads, commission, leverage and fees — was read off IQCent’s own current published documents, not copied from another review site.
  • Each licence claim was checked against the regulator’s own public register. Regulators named on the operator’s marketing but absent from the register are not printed here.
  • Recorded where this product is restricted or outright banned for retail traders, and treated the platform as an unlicensed venue unless a regulator’s register says otherwise.
  • Scored out of 10 on the AFM Trust Score — regulation, real all-in cost, platform, market access and withdrawal experience. Commercial relationships carry no weight in the score.
  • Anything we could not confirm from a primary source was left out rather than estimated. Figures move; re-check before you deposit.

Last verified September 2026. IQCent can change its pricing, leverage and entity terms at any time — confirm the current figures on its own site before you open an account. Spotted something out of date? Tell us.

About the reviewer
Ezekiel Chew

Ezekiel Chew

Founder & Head of Training, Asia Forex Mentor

Ezekiel has traded foreign exchange for over two decades and built the One Core Program, the trading curriculum Asia Forex Mentor teaches to retail and institutional traders across Asia. He sets the scoring criteria these broker reviews are graded against.

Full profile and credentials

How the AFM Research Lab tests brokers

On this page
  1. IQCent Review: the short version
  2. "Pool VS Pool": this is not trading
  3. Regulation and the liability disclaimer
  4. Costs and account terms
  5. Who IQCent suits
  6. How IQCent compares
  7. Conclusion
  8. FAQs
  9. Verdict

IQCent Review: the short version

IQCent is operated by Wave Makers LTD, registration number 103581, at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960. Its mobile applications are operated by Gappa corp., company number 110684, at the same address.

No financial regulator is named anywhere on the site. A Marshall Islands company number is a corporate filing, not authorisation to provide financial services.

The product offering is built around extremely short durations and very large advertised payouts: “Earn up to 98% in 5 seconds”, OTC trading 24/7, a $100 minimum deposit, a $0.01 minimum trade, and a “Pool VS Pool” feature advertising “up to 2500% in 15sec”.

The site also states: “Under no circumstances the company has any liability to any person or entity for any loss or damage cause by operations on this website.”

Taken together, that is why this is the lowest-scoring review on this site.

IQCent platform

"Pool VS Pool": this is not trading

IQCent’s flagship feature deserves precise description, because the label obscures what it is.

The site says: “Trade Pool vs Pool and unlock payouts up to 2500% — way beyond classic trading. Your payout is calculated dynamically based on the total amounts staked by both” sides.

A payout determined by how much other participants staked on each side is a pari-mutuel pool. It is the mechanism used for horse racing and lotteries: everyone’s money goes into a pot, the operator takes a cut, and the winning side splits what remains in proportion to their stakes. The odds are set by the crowd, not by any market.

That is a fundamentally different thing from a financial instrument. In a real market your return comes from the price of an asset moving. In a pari-mutuel pool your return comes from other participants losing, minus the operator’s take. No amount of market analysis gives you an edge, because the price of the underlying asset is not what determines your payout – the distribution of other people’s bets is.

The “2500%” headline follows directly from that structure: such a payout can only occur when almost everyone staked the other way, which is precisely when you are least likely to be right.

This is a gambling product with a financial-markets veneer, offered by an unlicensed company, on fifteen-second timeframes. We are stating that as plainly as we can.

IQCent payouts

Regulation and the liability disclaimer

IQCent’s footer names two companies – Wave Makers LTD (103581) and Gappa corp. (110684) – both at Trust Company Complex, Ajeltake Road, Majuro, Marshall Islands. It states that IQCent and its agents are not registered and provide no services in the USA.

There is no financial licence, no regulator, no compensation scheme and no dispute-resolution route.

It also carries this: “Under no circumstances the company has any liability to any person or entity for any loss or damage cause by operations on this website.” Such disclaimers are often unenforceable in consumer law, but that protection depends on a court with jurisdiction – and with an unregulated Marshall Islands company, establishing which court that is, and enforcing against it, is the practical problem.

An observation on the wider category. RaceOption publishes the same registered address for Makerun Corp. (104038), and the two sites lead with near-identical copy – both “earn up to 98% in 5 seconds”. Trust Company Complex is a mass registered-agent office used by very many unrelated companies, so this does not demonstrate common ownership. What it does show is that these platforms are registered through the same agent, with near-sequential numbers, and marketed from the same template – relevant if you were treating them as independent alternatives.

Costs and account terms

IQCent publishes a $100 minimum deposit – double RaceOption‘s $50 for a comparable product – with a $0.01 minimum trade size and more than 100 instruments spanning stocks, crypto and commodities.

Payouts are advertised up to 98% on standard binaries, with an “AI TRADING” mode showing 130% and the Pool VS Pool product up to 2500%.

The 98% figure carries the same arithmetic as everywhere else in this category: a 98% payout on a win against a 100% loss requires a strike rate above 50.5%, and over five-second durations no analysis reliably delivers that. The house edge is roughly 1% per trade, compounding against you with every trade you place.

IQCent runs contests, giveaways and a referral programme. We did not verify the turnover conditions attached to any bonus, and you should read them in full before accepting one – in this sector a bonus commonly locks your own deposit until a trading volume target is met.

IQCent account types

Who IQCent suits

Nobody reading this site. That is the honest answer.

An unlicensed Marshall Islands company offering fifteen-second pari-mutuel pools at advertised payouts of 2500%, with a blanket disclaimer of all liability, is not a place to put money you want back.

If you want to speculate on markets, use a regulated broker. IC Markets and Pepperstone hold ASIC licences you can verify on a public register. XM opens an account for $5 with micro lots, so trading small is not a reason to choose an unlicensed venue.

If you want to gamble, that is a legitimate personal choice – but it should be a conscious one, made with money set aside for it, at a licensed gambling operator rather than a platform presenting itself as a trading venue.

IQCent features

How IQCent compares

IQCent scores lowest of the four binary platforms AFM lists. RaceOption is a similar Marshall Islands operation at half the minimum deposit and without the pari-mutuel pool product. Pocket Option publishes no entity at all but does not market a 2500% pool. IQ Option is the only one with a CySEC-licensed entity anywhere in its group.

The four binary platforms AFM lists, compared on corporate substance
IQCent RaceOption IQ Option Pocket Option
Operating company Wave Makers LTD Makerun Corp. SKY LADDER LLC Not published
Registration number 103581 104038 ILLC 004 Not published
Jurisdiction Marshall Islands Marshall Islands Antigua and Barbuda Not published
Financial licence None None CySEC, EEA entity only None found
Minimum deposit $100 $50 Not published Not published
Headline claim 2500% in 15 seconds 98% in 5 seconds Not published Up to 218%
AFM score 3.2 3.5 5.2 3.8

Conclusion

IQCent scores 3.2, the lowest score anywhere in AFM’s review library.

To its credit, it names its operating companies and registration numbers, which Pocket Option does not. Beyond that: no financial licence, no regulator, no compensation scheme, no dispute route, a blanket liability disclaimer, and a flagship product that is a betting pool rather than a financial instrument.

We cannot recommend IQCent for any purpose. If you have funds on the platform, treat withdrawing them as the priority, and understand that it depends entirely on the operator’s willingness to process the request.

Sources
  1. IQCent – operator disclosure and product terms — iqcent.com (checked September 2026)
  2. ESMA – prohibition on binary options for retail investors — www.esma.europa.eu/press-news/esma-news/esma-agrees-prohibit-binary-options-and-restrict-cfds-protect-retail-investors (checked September 2026)

IQCent Review FAQs

Is IQCent regulated?

No. IQCent is operated by Wave Makers LTD, registration number 103581, in the Marshall Islands, with apps operated by Gappa corp. (110684) at the same address. Those are company registrations, not financial licences. No regulator supervises the platform and there is no compensation scheme or complaints route.

What is IQCent’s "Pool VS Pool"?

A pari-mutuel betting pool. IQCent states your payout is “calculated dynamically based on the total amounts staked by both” sides – so your return depends on how other participants bet, not on how an asset’s price moves. That is the mechanism used in horse racing, not a financial instrument, and market analysis gives you no edge in it.

Can you really make 2500% in 15 seconds?

Such a payout can only arise in a pool where almost everyone staked the other way – which is exactly when you are least likely to be right. The headline percentage is a function of the pool structure, not an expected return.

What is IQCent’s minimum deposit?

$100, with a $0.01 minimum trade size and more than 100 instruments across stocks, crypto and commodities. RaceOption offers a comparable product for a $50 minimum.

Is my money safe with IQCent?

There is no regulator, no compensation scheme and no dispute-resolution route, and the site states the company has no liability for any loss caused by operations on it. Whether you can withdraw depends entirely on the operator’s willingness to process the request.

Is IQCent related to RaceOption?

Both publish the same registered address – Trust Company Complex, Ajeltake Road, Majuro, Marshall Islands – with near-sequential company numbers, and both lead with near-identical marketing copy. However, that address is a mass registered-agent office used by many unrelated companies, so it does not establish common ownership. Treat them as registered through the same agent rather than as proven affiliates.

What should I use instead?

A regulated broker. IC Markets and Pepperstone hold ASIC licences you can check on a public register, and XM opens accounts from $5 with micro lots so a small balance is no reason to use an unlicensed platform.

3.2/10
AFM Trust Score

The verdict on IQCent

IQCent is operated by Wave Makers LTD, a Marshall Islands company registration, and holds no financial licence from any regulator. Its headline products are five-second binaries paying up to 98% and a ‘Pool VS Pool’ feature advertising up to 2500% in fifteen seconds, where your payout depends on how much other people staked on each side. That is a pari-mutuel betting pool – the mechanism used by racetracks – not a financial instrument, and describing it as trading is generous. The site also carries a blanket disclaimer stating the company has no liability to anyone for any loss caused by operations on the website. This is the lowest-scoring platform in AFM’s entire review set and we would not put money into it.

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