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Plus500 vs IQCent

Plus500 or IQCent – which is better for UK traders 2025? Compare Plus500 and IQCent in this detailed breakdown of their platforms, features and fees.

Plus500 vs IQCent Comparison Table 2025
Plus500	IQCent

4.1	3.7
Plus500 is ranked #17 among CFD brokers.	IQCent is ranked #2 among binary options brokers.
Review	Review
Founded in 2008 and based in Israel, Plus500 is a leading brokerage with over 25 million registered traders across more than 50 countries. It focuses on CFD trading, offering a user-friendly proprietary platform and mobile app. The company provides competitive spreads and does not impose commissions or charges for deposits or withdrawals. Plus500 stands out as a highly trusted broker, licensed by respected authorities such as the FCA, ASIC, and CySEC.	IQCent, an offshore brokerage in the Marshall Islands, specialises in binary options and CFDs. The firm provides distinct account options offering bonuses, benefits, payout increases, TradeBacks, and complimentary rollovers. With over 175 assets, 24/7 trading, and 98% payouts, it attracts budding traders.
82% of retail CFD accounts lose money.
Pros
Plus500 offers a dedicated WebTrader platform tailored specifically for CFD trading. It features a user-friendly and streamlined interface. In 2025, Plus500 expanded its range of share CFDs to include emerging sectors such as quantum computing and AI. This update opened up trading opportunities in stocks like IonQ, Rigetti, Duolingo, and Carvana. The broker provides commission-free trading across a variety of markets, reducing extra charges and attracting experienced traders. Plus500 has expanded its range of short-term trading instruments by adding VIX options, which feature increased volatility. Additionally, it has extended trading hours for seven stock CFDs. Leverage can be used in trading both long and short positions, providing enhanced strategic opportunities. The customer support team consistently delivers reliable support around the clock through email, live chat, and WhatsApp.	IQCent has expanded its offerings by adding over 60 new assets. This includes popular cryptocurrencies like TON and SHIB, high-ranking stock CFDs such as TSLA and NVDA, and unique FX pairs like THB and HUF. The broker provides payouts of up to 98% on binary options, surpassing alternatives such as Pocket Option, which offers a maximum of 92%. The proprietary terminal features TradingView charts, providing numerous technical indicators and analyses for traders. IQCent is a rare binary options broker providing a copy trading service for passive traders. CFD trading fees are competitive, with major forex pairs like EUR/USD incurring costs from just 0.7 pips. The broker offers quick and dependable customer support around the clock, usually responding in under a minute during tests. New traders with a modest budget can start trading with a minimal stake of just $0.01. Enthusiastic traders may participate in competitions that offer cash prizes.
Cons
Plus500's omission of MetaTrader and cTrader charting tools may deter seasoned traders seeking familiar platforms. Educational resources are not as extensive as leading brokers such as eToro, which affects beginners' ability to learn quickly. The lack of social trading features prevents users from copying trades made by seasoned traders. Compared to competitors like IG, Plus500 offers limited research and analysis tools. Algorithmic trading and scalping are not available, potentially deterring certain traders.	IQCent lags behind binary brokers such as Quotex due to its limited investment range of approximately 175 assets, including few stocks. The broker operates without oversight from a reputable regulator, which is typical for binary options companies. IQCent imposes a £10 monthly inactivity fee if a trader does not execute at least one trade each month. The market analysis provides only fundamental details, offering limited technical summaries and insights from analysts. Automated trading support is unavailable for algorithmic traders.
Awards
Best Overall Broker 2021 - DayTrading.com Best Overall Broker 2020 - DayTrading.com Best Overall Broker 2019 - DayTrading.com	Best Binary Broker 2023 - DayTrading.com
FCA Regulated
Yes	No List of FCA Regulated Brokers
Instruments
CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options	Binary Options, CFDs, Forex, Indices, Commodities, Crypto
Bonus
	20% to 200% Deposit Bonus
Demo Account
Yes	Yes
Minimum Deposit
$100	$250
Payment Methods
Apple Pay Credit Cards Debit Card Mastercard PayPal Skrill Trustly Visa Wire Transfer	Credit Cards Debit Card Mastercard Visa Wire Transfer
Minimum Trade
Variable	$0.01
Regulator
FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA	IFMRRC
Mobile Apps
iOS, Android & Windows	iOS & Android
Trading App
Plus500 have tailored their mobile apps to align with the WebTrader online platform. The app is secure, dependable, and ranks highly. Stop loss, limits, free alerts, and a comprehensive range of markets and instruments are provided. Access the download page here.	IQCent provides mobile trading via major browsers with a user-friendly interface. The account navigation, asset browsing, and binary trading require just a few clicks. Easy access to the copy trading feature is a plus, as are the interactive charts you can pinch to zoom.
iOS App Rating
4.1	4.3
Android App Rating
4.3	4.1
Margin Trading
Yes	Yes
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
No	No
Auto Trading
No	No
Copy Trading
No	Yes
Copy Trading Platform
	The broker's web platform includes a copy trading service, allowing users to follow and replicate trades from up to ten seasoned investors. Its standout feature is simplicity: choose an investment amount and click 'copy'. However, the selection of master traders is limited, and historical performance data is sparse, reducing reliability.
Social Trading
No	Yes
VPS Hosting
No	No
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
No	No
Guaranteed Stop Loss
Yes	No
Inactivity Fee
$10	$10
Islamic Account
Yes	No
Account Currencies
USD EUR GBP AUD ZAR CZK	USD EUR
Commodities
Copper Cotton Coffee Livestock Sugar Gasoline Cocoa Platinum Soybeans Oil Gold Silver Corn Aluminium Palladium Wheat Cattle Lean Hogs	Gold Copper Oil
CFD
Plus500 offers commission-free CFDs across various markets, including currencies, stocks, indices, and commodities. Traders can take long or short positions on popular assets, enjoying flexible leverage with no hidden charges.	CFDs cover forex, indices, commodities, and cryptocurrencies. However, the 175+ instruments offered fall short compared to alternatives like Quotex, which offers over 400. Leverage reaches up to 1:500, though the $250 minimum deposit is relatively high versus competitors.
Leverage
1:30	1:500
FTSE Spread
Dynamic	1.4
GBPUSD Spread<
Dynamic	0.8
Oil Spread
Dynamic	0.05
Stocks Spread
Dynamic	N/A
Forex
Plus500 offers CFD trading in forex, with tight spreads across over 60 currency pairs. Testing showed spreads as low as 0.6 pips on the EUR/USD, lower than many competitors.	IQCent traders can engage with CFDs or binary options on more than 55 forex pairs, including new exotic options like MXN and HUF from 2025. CFD spreads begin at 0.3 pips, with binary options yielding up to 95%, outperforming competitors like Pocket Option, which offers forex payouts of only up to 81%.
Assets
60+	55+
GBPUSD Spread
Dynamic	0.8
EURUSD Spread
Dynamic	0.3
EURGBP Spread
Dynamic	0.8
Cryptocurrency
	IQCent provides access to 17 cryptocurrency pairs via its own platform, featuring popular options like Bitcoin, Ethereum, and Litecoin. With crypto CFDs, leverage is limited to 1:10. Payouts for binary options differ by token yet stay competitive, with some OTC assets offering payouts as high as 95%.
Spread
Variable	Variable
Coins
BCH BTC ETH LTC XRP IOTA NEO EOS XMR	BTC ETH LTC ETC DOGE MATIC QNT SOL XRP USDT XMR BNB
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
	IQCent provides binary options featuring exceptional payouts up to 98%. The platform, albeit with basic analysis tools, accommodates various timeframes ranging from 1 minute to 1 month, supporting both short and long-term trading strategies. However, it is worth noting that stock binaries are unavailable.
Payout
	98%
Expiration Times
	5 seconds - 1 month
Boundary Options
No	No
Ladder Options
No	No

Plus500	IQCent
Review	Review
82% of retail CFD accounts lose money.
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