Quotex vs AximTrade - Fees Review included
Which broker is better Quotex or AximTrade? Our expert assessment conducted according to TU’s own methodology showed that Quotex is one of the top brokers in the financial market with the TU Overall Score of 7.76 out of 10. AximTrade is one of the top brokers in the financial market with the TU Overall Score of 4.82 out of 10. Find out more about TU Overall Score.
| Feature | Quotex | AximTrade |
|---|---|---|
Overall |
2.8 |
1.9 |
1 |
2.5 |
|
3.3 |
2.3 |
|
3.1 |
2.7 |
|
Investment Instruments |
1 |
2.1 |
Platforms and Charting Tools |
3.9 |
1.8 |
Deposit and Withdrawal |
4.6 |
2.9 |
Research |
1.5 |
1.7 |
Education |
2.3 |
1.4 |
Support |
3.0 |
1.6 |
Bonuses |
3.8 |
1.5 |
|
|
Quotex vs AximTrade: Pros and Cons
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
AximTrade is an intermediary that is registered in Saint Vincent and the Grenadines and operates under the supervision of the Financial Services Authority (SVGFSA) regulator. It has been providing services for trading currency pairs, cryptocurrencies, and CFDs since 2020. The company offers cent, standard and ECN accounts with high leverage, low minimum deposit requirements, and tight spreads. AximTrade has awards from The Best Forex IB Program (Africa and Asia) and The Best Forex Trading Platform Asia.
| Quotex | AximTrade | |
|---|---|---|
| Overall Pros | Affordable minimum investment amount – USD 10 | The availability of a regulator and longevity in the Forex market of more than 10 years. |
| No trading fees and no deposit, withdrawal and account fees | The low entry threshold for starting trading is $1 for cent and standard accounts and $50 for ECNs. | |
| Algorithmic trading is technically impossible | Tight spreads on all account types and average commissions per lot on ECN accounts in the brokerage market. | |
| High leverages up to 1:3000. | ||
| The ability to deposit and withdraw funds using electronic payment systems and in cryptocurrency. | ||
| The existence of a social trading platform that allows you to receive additional income for both investors and experienced traders. | ||
| Overall Cons | No Regulatory License | An account with the broker cannot be opened by traders from several countries, including the United States, Great Britain, and Canada. |
| The company's website does not have sections with training, analytics, or news. | ||
| The web terminal is not available to clients. |
Quotex vs AximTrade: Safety and Regulation
| Regulated By: | Quotex | AximTrade |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
ASIC, FSA, FSP |
Quotex vs AximTrade: Trading Conditions
| Trading Conditions | Quotex | AximTrade |
|---|---|---|
Minimum Deposit |
$10 |
$1 |
Trading Platforms |
Own platform |
МТ4 (desktop, mobile) |
Max Leverage (Futures) |
Not provided technically |
401769 |
Supported Markets |
Currencies, raw materials, stocks |
Currency pairs, CFDs on indices, metals, energies, cryptocurrencies, USD |
Trading assets |
80+ |
155+ |
Trading Accounts |
Single account for binary options trading |
Standard, Cent, ECN, Infinite |
Base Account Currencies |
USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND, NGN, MXN, EGP |
USD |
Quotex vs AximTrade: Fees
Forex Trading Fees
| Fee | Quotex | AximTrade |
|---|---|---|
Standard Account EURUSD Average Spread |
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 |
1.1 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$0 |
ECN Account EUR Average Spread |
Not supported |
0,2 pips |
CFD Trading Fees
| Fee | Quotex | AximTrade |
|---|---|---|
CFD Trading Fee |
Reward - 15-90% |
Floating spread |
Non-Trading Fees
| Fee | Quotex | AximTrade |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
Wire Transfer/Debit or credit card/Electonic wallets - 0%, USDT (TRC-20) - $1-2, USDT (ERC-20) - $15-25, BEP-20 - $1-2 |
Withdrawal Fee |
No |
Neteller/Skrill - $4, USDT (TRC-20), USDT (ERC-20), BEP-20 - $0, wire transfer - $0 |
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.
Quotex vs AximTrade: Trading Assets
| Asset Name | Quotex | AximTrade |
|---|---|---|
Overall |
80+ |
155+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
No |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
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 |
No |
No |
Quotex or AximTrade: Investment Programs
| Asset Name | Quotex | AximTrade |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: AximTrade or Quotex
| Quotex | AximTrade | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
No |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
Own trading platform |
No |
|
|
Quotex vs AximTrade: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Quotex | AximTrade |
|---|---|---|
Bank Transfer |
No |
Yes |
Debit Card |
Yes |
Coming soon |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
Yes |
Quotex vs AximTrade: Research
| Research Type | Quotex | AximTrade |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
Quotex vs AximTrade: Education
| Education Type | Quotex | AximTrade |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
No |
Videos |
No |
No |
Cent account |
No |
No |
AximTrade vs Quotex: Support
| Support Features | Quotex | AximTrade |
|---|---|---|
Working Days |
24/7 |
Email 24/5, Online chat 24/7 |
No |
Yes |
|
Phone |
No |
No |
Online chat |
No |
Yes |
Other |
Feedback form |
No |
Quotex vs AximTrade: Forex Bonuses and Promo
| Promo | Quotex | AximTrade |
|---|---|---|
Forex Bonus |
Welcome bonus 30% when opening a real account. Cashback, bonus for using "deal cancellation" |
No |
Affiliate Program |
Yes. Payouts up to 80% of income or up to 7% of referral turnover |
Affiliates and IBs. There are programs for private traders and companies that offer a maximum reward of up to $20 per lot and up to 10% of second-level referrals; Loyalty Program. The company raffles off valuable prizes (smartphones, watches, cars, luxury vacations) among affiliates who have met the requirements for the total turnover of referrals. Affiliates whose referrals have traded from 3,000 lots within 3 months participate in the drawing. |
Other Promos |
||
|
|
Top 5 Reviews on AximTrade
-
Comment
Aximеtrade has its own tariff plans for novice traders. But I think we need to study everything carefully, because this broker has strict conditions. This requires strategy. Even novice traders need to have basic knowledge of trading and investing. I give Aximеtrade a normal rate.
-
Comment
The broker AximTrade should have been blacklisted long ago. This company has proven to be a fake broker that offers virtual trading. All information about attractive conditions at AximTrade is pure deception. No matter what conditions are advertised on the company's website, withdrawing money from here is practically impossible.
-
Comment
If I had known the truth about AximTrade from the start, I would have never opened a trading account here. Because all the information about the company is a lie! There is no regulator's license, no protection for traders from AximTrade's wrongdoing. They didn't withdraw my money at all! The account still has the initial deposit of $1000 and a profit of $380! The account is currently blocked.
-
Comment
I withdrew my profit and deposit, but it is almost impossible to trade here. Trading with AximTrade was not very comfortable and when I contacted managers, they simply wavered, claiming that the market has its own characteristics and requires a good strategy. I got the impression that they somehow influence the market, I will try to prove it. But it is best to avoid working with AximTrade.
-
Comment
AximTrade promises the best trading conditions. But I will say that they are simply deceiving their clients. As soon as you start trading, conditions change. AximTrade has no problems on a demo account, but on a live account there are a lot of problems. This is how they lure you in and then change the conditions without warning. Don't even think about opening an account here!
Top 5 Reviews on Quotex
-
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!
-
Comment
Quotex platform is user friendly, easy to trade, simple view with Options quite clear for better understanding for beginners as well. Almost all the valuable currency pairs are available with commodities. Even the indicators sections have a variety of options. One of the best things I have found is deposits and withdrawals are fast.
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.