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IQcent

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Operating status: SCAM

Website: https://iqcent.com

Broker violations and abnormal records
  • 2020-11-02 The Spanish regulator CNMV added IQcent into the unregistered firm alert
    The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=IQcent
    The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=IQcent
  • 2021-02-11 The Portuguese regulator CMVM issued a warning on IQcent
    The Portuguese Securities Market Commission （CMVM） issues a warning for investors concerning IQcent which is not authorised to carry out any type of financial intermediation activity in the country: https://www.cmvm.pt/en/SDI/FinancialIntermediaries/Pages/20210212mc1.aspx
    The Portuguese Securities Market Commission （CMVM） issues a warning for investors concerning IQcent which is not authorised to carry out any type of financial intermediation activity in the country: https://www.cmvm.pt/en/SDI/FinancialIntermediaries/Pages/20210212mc1.aspx
  • 2021-08-24 BrokersView has reviewed that IQcent is an unregulated forex broker

    IQcent claims it is owned and operated by Wave Makers LTD, a company regulated by the Marshall Islands Registry (IRI). We do find a match result to Wave Makers LTD in IRI, but the registration status is annulled. Besides, Marshall IRI does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. 

    More importantly, the Portuguese Securities Market Commission (CMVM) and the Spanish National Securities Market Commission (CNMV) both issued warning against IQcent for providing financial services without authorization. So IQcent is currently not regulated by any financial regulator. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam broker.


    IQcent claims it is owned and operated by Wave Makers LTD, a company regulated by the Marshall Islands Registry (IRI). We do find a match result to Wave Makers LTD in IRI, but the registration status is annulled. Besides, Marshall IRI does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. More importantly, the Portuguese Securities Market Commission (CMVM) and the Spanish National Securities Market Commission (CNMV) both issued warning against IQcent for providing financial services without authorization. So IQcent is currently not regulated by any financial regulator. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

Related Complaints

Q&A

Will my fund be protected if the broker closing down their business?

Rimsha
Belgium
2022-04-02
ANSWER IQcent is an unlicensed broker and should be avoided at all events. IQcent claims to be operated by Wave Makers LTD, a regulated firm by the Marshall Islands Registry (IRI). However, Marshall IRI is not a government agency, nor is it a regulatory agency.That is to say, IQcent is not regulated by any financial regulator. What's worse, the Spain CNMV and Portuguese CMVM have successively added IQcent to the alert lists to warn the public that this firm is not authorised to provide the investment services in their countries. You can check the full alert or warning from CNMV and CMVM on IQcent respectively.As per the evidences above, our conclusion is that IQcent is thoroughly a scam on account of running its business without any licenses. Therefore, we would recommend traders stay away from unregulated brokers and trade with licensed brokers.
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How do I make sure my trading experience is secure at IQCENT?

Sam
Malaysia
2022-06-30
ANSWER IQcent is not a licensed or regulated broker even though it states offers that look good to be true. IQcent claims it is owned and operated by Wave Makers LTD, a company regulated by the Marshall Islands Registry (IRI). We do find a match result to Wave Makers LTD in IRI, but the registration status is annulled. Besides, Marshall IRI does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. More importantly, the Portuguese Securities Market Commission (CMVM) and the Spanish National Securities Market Commission (CNMV) both issued warning against IQcent for providing financial services without authorization. You can view full alerts or warnings against IQcent from CMVM and CNMV  by clicking on the hyperlinks.We would recommend traders stay away from unregulated brokers like IQcent and trade with licensed brokers.
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