Binary.com vs Quotex - Fees Review included
Which broker is better Binary.com or Quotex? Our expert assessment conducted according to TU’s own methodology showed that Binary.com is one of the top brokers in the financial market with the TU Overall Score of 8.39 out of 10. Quotex is one of the top brokers in the financial market with the TU Overall Score of 7.76 out of 10. Find out more about TU Overall Score.
| Feature | Binary.com | Quotex |
|---|---|---|
Overall |
2.5 |
2.8 |
1.1 |
1 |
|
2.7 |
3.3 |
|
3.0 |
3.1 |
|
Investment Instruments |
1 |
1 |
Platforms and Charting Tools |
4.3 |
3.9 |
Deposit and Withdrawal |
4.1 |
4.6 |
Research |
1 |
1.5 |
Education |
1.3 |
2.3 |
Support |
3.8 |
3.0 |
Bonuses |
2.5 |
3.8 |
|
|
|
Binary.com vs Quotex: Pros and Cons
Binary.com is one of the first brokers to offer binary options trading. The company was founded in 1999. Since then, despite the riskiness of options trading, it has not lost its popularity. However, the broker can trade not only binary instruments, but also currency pairs, cryptocurrencies, as well as raw materials, metals, stock, and synthetic indices, and futures. The Binary brokerage company is controlled by the regulators of Malta, Malaysia, Great Britain, and Vanuatu. This ensures the safety of traders' funds and the ability to resolve controversial issues quickly if any arise
QUOTEX is a broker specializing in binary options trading. The company was established in 2019. Its clients can trade currencies, metals, oil, cryptocurrencies, stock indices and earn a profit of up to 90% of the value of the option. QUOTEX has developed a proprietary trading platform which is easily customized, supports 29 technical indicators and allows investments from USD 10. The broker’s team provides support 24/7. Personal and payment information of the clients are protected with two-factor authentication
| Binary.com | Quotex | |
|---|---|---|
| Overall Pros | The minimum amount for replenishing and opening a bid is $5 and $1, respectively | Affordable minimum investment amount – USD 10 |
| The broker offers binary options and CFD trading services | No trading fees and no deposit, withdrawal and account fees | |
| Unique tools: SmartCharts - Interactive charting tool, Binary Bot - Auto-trader programming tool | Algorithmic trading is technically impossible | |
| Overall Cons | Some clients have difficulties with the registration process | No Regulatory License |
| Sometimes technical support takes a long time to respond |
Binary.com vs Quotex: Safety and Regulation
| Regulated By: | Binary.com | Quotex |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
No |
Binary.com vs Quotex: Trading Conditions
| Trading Conditions | Binary.com | Quotex |
|---|---|---|
Minimum Deposit |
$5 |
$10 |
Trading Platforms |
МТ5, Deriv, SmartTrader, Tick Trade, WebTrader от Binary, Own binary platform |
Own platform |
Max Leverage (Futures) |
1 |
Not provided technically |
Supported Markets |
Forex, Metalls, Energies, Indices, Cryptocurrencies, Syntetic Indices |
Currencies, raw materials, stocks |
Trading assets |
100+ |
80+ |
Trading Accounts |
Binary, Forex |
Single account for binary options trading |
Base Account Currencies |
USD, EUR, GBP и AUD, BTC, ETH, LTC, BCH, UST |
USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND, NGN, MXN, EGP |
Binary.com vs Quotex: Fees
Forex Trading Fees
| Fee | Binary.com | Quotex |
|---|---|---|
Standard Account EURUSD Average Spread |
From 1.3 Pips |
The reward depends on the type of asset and the situation at the time of the transaction. The amount of remuneration - 15-90% of the investment amount |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
Not supported |
ECN Account EUR Average Spread |
Not supported |
Not supported |
CFD Trading Fees
| Fee | Binary.com | Quotex |
|---|---|---|
CFD Trading Fee |
Floating spread |
Reward - 15-90% |
Non-Trading Fees
| Fee | Binary.com | Quotex |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Binary.com vs Quotex: Trading Assets
| Asset Name | Binary.com | Quotex |
|---|---|---|
Overall |
100+ |
80+ |
Forex |
Yes |
Yes |
Stocks |
No |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
No |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
Yes |
No |
Binary.com or Quotex: Investment Programs
| Asset Name | Binary.com | Quotex |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Quotex or Binary.com
| Binary.com | Quotex | |
|---|---|---|
MT4 |
No |
No |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
Own binary options trading platform |
Own trading platform |
|
|
|
Binary.com vs Quotex: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Binary.com | Quotex |
|---|---|---|
Bank Transfer |
Yes |
No |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
Yes |
Binary.com vs Quotex: Research
| Research Type | Binary.com | Quotex |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
No |
No |
Chart Analysis |
No |
No |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
No |
Binary.com vs Quotex: Education
| Education Type | Binary.com | Quotex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
No |
Articles |
No |
No |
Videos |
No |
No |
Cent account |
No |
No |
Quotex vs Binary.com: Support
| Support Features | Binary.com | Quotex |
|---|---|---|
Working Days |
24/7 |
24/7 |
No |
No |
|
Phone |
No |
No |
Online chat |
Yes |
No |
Other |
Social networks, messengers, feedback form |
Feedback form |
Binary.com vs Quotex: Forex Bonuses and Promo
| Promo | Binary.com | Quotex |
|---|---|---|
Forex Bonus |
No |
Welcome bonus 30% when opening a real account. Cashback, bonus for using "deal cancellation" |
Affiliate Program |
Two types of affiliate programs with a yield of up to 30-45% of the referral's income |
Yes. Payouts up to 80% of income or up to 7% of referral turnover |
Other Promos |
||
|
|
|
Top 5 Reviews on Quotex
-
Comment
I have been doing trding with Quotex for a while and it has been a good experience. I mainly trade EUR/USD and EUR/GBP and Quotex charts are very reliable. They are compatible with other platforms like MetaTrader 4, so I know I can trust the data. I like Quotex for its directness. No weird errors or surprise fees. Everything is transparent, which is a relief. I tried other brokers that seemed natural, but Quotex was solid. One useful thing is a demo account. I can test new strategies without risking real money, which helps me learn and improve my business. Customer support is pretty good too. I had a few questions when I started and they were quick to answer. Overall, Quotex seems like a legit platform. It's stable, safe, and doesn't do anything shady. If you are interested in trading or thinking about starting one, I definitely recommend taking a look..
-
Comment
Probably the best trading platform out there, saying this because I've used alot,the user interface is just superb couple with the simplicity, it's just too good,try it out you won't regret
-
Comment
I've been using Quotex for a while now and I'm comfortable with the platform. It's user-friendly and intuitive, which makes the registration process easy. The variety of assets available for trading is exciting, and trading operations have been smooth. I highly recommend it to anyone looking for a reliable app. Deposits and withdrawals are fast and trouble-free, which reassures me that I can easily deposit funds and withdraw profits quickly.
-
Comment
After a year with Quotex, I think it's a decent platform. I mainly trade EUR/USD and EUR/GBP through mt4, and the charts match up perfectly with Quotex's platform, no choppiness or unpredictability issues, unlike other brokers. Also, there's no sketchy stuff going on from what I can tell. You just need to put in the work studying the markets. My process is analyzing on mt4, then quickly executing trades on Quotex. So far my win rate is over 80%. I always test new strategies on the demo account first before going live. I started with just $100 and have grown it to $506 by actually understanding the fundamentals instead of blindly following indicators. While trading always carries risk, Quotex seems legit based on how it matches pricing across platforms.
-
Comment
Quotex is so far the fastest binary broker to navigate through and load, lightest and most convenient with deposits and withdrawals as it offers a wide number of payment options which makes it easy to use from any country in the world as per my experience from a couple of months using it. Quotex also has the fastest withdrawals as per my experience. It has a good looking interface too which doesn't bore or cause eye straining to the user, so you can stay before your screen for a very long time without disturbance. With Quotex, you can trade anywhere since it is very compatible with smartphones. Anyone who trades wisely (with patience, analysis and with no greed) is very more likely to grow financially. Hence I rate Quotex 5 stars!
Top 5 Reviews on Binary.com
-
Comment
Deriv has different trading bots likeDeriv Bot and Binary Bot. You can also open a demo account to test these bots. The Deriv bot which i use often is easy to configure since it does not require any technical setup. While many traders would prefer bots because of the ease of trading, i think those to use this bots must be experienced in trading to some extent. This is is because they require optimization and it is you that set the risk management strategy they follow, so if you are a new trader, you may want to stay away from bots until you understand trading to a great extent.
-
Comment
The Deriv trader accommodates a vast library of trading indicators and charts candles.m, take profit and stop loss feaures. If you want to trade better and minimize risk as a new trader, spend time on learning about risk management strategies and how to apply them. Also learning how to use different indicators to analyze trade will help you make good trade decisions. Remember to quickly reach out to the customer care on the live chat and WhatsApp if you encounter any challenges when trading on Deriv Trader.
-
Comment
The Deriv signal on mT5 is one of the top features i use when i am trading on the MetaTrader web server. The derivative allows a trader to copy the trading strategies of an expert trader. You can use this feature from the MetaTrader web terminal, click on help and select MT5 signal. To find a trader to copy, I first consider the trader groth level and reliability. Copying Some of these traders are free while place a monthly subscription fee which you will see at the footer of the profile div. Select the trader that meets your needs and check the broker profit trade percentage, loss trade, trading activity etc. You can read reviews to be sure of the trader. Select copy trader to start copying with the trader and set up the parameters for your risk management and trading. I would suggest that beginner traders get a foundational knowledge of trading and how to analyze trades using some indicators and chart tools before they start copying signals.
-
Comment
I am considering the possibility of working with Binary.com. Despite the different nuances, I see a lot of positive reviews about this company. It inspires trust and I don’t want to risk my money and fall for scammers. Reviews of Binary.com are positive and this is one of the factors that persuades me to open an account with this broker.
-
Comment
I trade with the broker Binary.com, and I quite like the platform; you can make money here. At first, I didn't understand anything, but later I started exploring the market, learning technical analysis. And now trading is going well for me. I haven't had any problems with withdrawing funds from Binary.com, so I'm satisfied.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.