Learn To Trade Forex • Best Forex Trading Course • AsiaForexMentor
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.
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 Spotted something out of date?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.
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’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’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.
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.

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 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.
| 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 |
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.
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.
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.
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.
$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.
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.
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.
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.
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.