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

https://www.iqcent.com

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.