Quotex vs Forex.com - Fees Review included
Which broker is better Quotex or Forex.com? 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 8.9 out of 10. Forex.com is one of the top brokers in the financial market with the TU Overall Score of 6.95 out of 10. Find out more about TU Overall Score.
| Feature | Quotex | Forex.com |
|---|---|---|
Overall |
2.8 |
4.3 |
1 |
5 |
|
3.3 |
4.3 |
|
3.1 |
4.4 |
|
Investment Instruments |
1 |
3.5 |
Platforms and Charting Tools |
3.9 |
4.5 |
Deposit and Withdrawal |
4.6 |
4.2 |
Research |
1.5 |
4.7 |
Education |
2.3 |
4.3 |
Support |
3.0 |
4.8 |
Bonuses |
3.8 |
4.2 |
|
|
Quotex vs Forex.com: 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
Speaking of recognitions and awards, Oanda doesn’t lag behind as it has several awards to its name. The US Foreign Exchange Report awarded it the Best Customer Service, while FX Week crowned it the Best Trading Platform. There’s also an award from the UK Forex Awards where Oanda bagged top honors in the Best Forex Trading Technologies category.
| Quotex | Forex.com | |
|---|---|---|
| Overall Pros | Affordable minimum investment amount – USD 10 | Orders executed at high speeds |
| No trading fees and no deposit, withdrawal and account fees | 4500+ instruments across various markets | |
| Algorithmic trading is technically impossible | Tight spreads on over 90 assets | |
| Rebate and discount programs are available | ||
| High-level investor protection | ||
| Diverse technical research tools | ||
| Caters to a wider audience of users | ||
| Creates a variety of quality, written content daily | ||
| Low fees and relatively cheap commission costs | ||
| Overall Cons | No Regulatory License | Fewer deposit and withdrawal options |
| Lacks a multi-language version |
Quotex vs Forex.com: Safety and Regulation
| Quotex | Forex.com | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
|
Investor protection |
£85,000 |
|
FCA UK Regulation |
Yes |
|
FINRA (U.S) |
No |
|
BaFin (Germany) |
No |
|
ASIC (Australia) |
Yes |
|
CFTC (U.S) |
Yes |
|
MAS |
No |
|
FSCA SA |
No |
|
BVI FSC |
No |
|
VFSC |
No |
|
FSA (Seychelles) |
No |
Quotex vs Forex.com: Trading Conditions
| Trading Conditions | Quotex | Forex.com |
|---|---|---|
Minimum Deposit |
$10 |
$100 |
Trading Platforms |
Own platform |
МТ4 |
Max Leverage (Futures) |
Not provided technically |
1-500 |
Supported Markets |
Currencies, raw materials, stocks |
Forex, CFDs (not for all entetities): Forex, Indexes, Stocks, Commodities, Metals, Cryptocurrencies |
Trading assets |
80+ |
4500+ |
Trading Accounts |
Single account for binary options trading |
Standard, Commission, and Direct Market Access |
Base Account Currencies |
USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND, NGN, MXN, EGP |
USD, EUR, GBP |
Quotex vs Forex.com: Fees
| Quotex | Forex.com | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,7 |
|
Standard acc. spread EUR/USD, max pips |
1,2 |
|
ECN Commission |
5 |
|
ECN Spread EUR/USD |
0,2 |
|
Deposit fee, % |
No |
|
Withdrawal fee, % |
No |
|
Withdrawal fee, USD |
No |
|
Inactivity fee, $ |
15 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Quotex vs Forex.com: Trading Assets
| Asset Name | Quotex | Forex.com |
|---|---|---|
Overall |
80+ |
4500+ |
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 |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Quotex or Forex.com: Investment Programs
| Asset Name | Quotex | Forex.com |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Forex.com or Quotex
| Quotex | Forex.com | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
Forex.com |
Others |
Own trading platform |
No |
|
|
Quotex vs Forex.com: Deposit and Withdrawal Methods
| Quotex | Forex.com | |
|---|---|---|
Bank Wire |
||
Bank Card |
||
Neteller |
||
BTC |
||
Wise |
||
Payoneer |
||
USDT |
Quotex vs Forex.com: Research
| Research Type | Quotex | Forex.com |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
Yes |
Quotex vs Forex.com: Education
| Education Type | Quotex | Forex.com |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
Yes |
Videos |
No |
Yes |
Cent account |
No |
Yes |
Forex.com vs Quotex: Support
| Support Features | Quotex | Forex.com |
|---|---|---|
Working Days |
24/7 |
24/5 |
No |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
Feedback form |
Complaint form, FAQ support |
Quotex vs Forex.com: Forex Bonuses and Promo
| Promo | Quotex | Forex.com |
|---|---|---|
Forex Bonus |
Welcome bonus 30% when opening a real account. Cashback, bonus for using "deal cancellation" |
Yes (Not for all countries) |
Affiliate Program |
Yes. Payouts up to 80% of income or up to 7% of referral turnover |
Yes |
Other Promos |
||
|
|
Top 5 Reviews on Quotex
-
Comment
uma das melhores corretoras que ja vi, intuitiva e simples, sem delay alem de ser bonita, sem complicações com saques, larguei muitas das outras por essa
-
Comment
I found the QUOTEX platform through reviews in trader chats, and I was drawn in by the low minimum starting amount — just $10. One of the main advantages is the simple and user-friendly platform with no complicated settings: it only took a couple of minutes to figure out how to place trades and use indicators. I traded currency pairs and often relied on the signals provided directly in the terminal by the broker — their accuracy didn’t always align with the actual market conditions, but on average, they proved to be effective. Over the course of a month, I earned around $40 in net profit while trading with small amounts.
-
Comment
A QuotexBroker é uma plataforma de opções binárias excelente, que se destaca principalmente pela tecnologia presente em toda a plataforma. Os seus gráficos e funcionalidades, profissionais, modernos e limpos, refletem a alta performance dos seus desenvolvedores. Recomendo fortemente a utilização da Quotex para traders avançados e que esperam o máximo de segurança e desempenho nas suas operações.
-
Comment
I found the Quotex interface surprisingly user-friendly. It’s available in six languages, I had no issues using the English version. The app runs fast, especially on Android. Trading is done through the web platform, so there’s no need to download anything. There are 43 instruments available, including 23 currency pairs. I liked that order processing time ranges from 0 to 4 seconds. However, it’s worth noting that stocks aren’t included among the instruments, and there’s no option to set up managed accounts.
-
Comment
Criei a minha conta na Quotex há alguns meses e minha experiência tem sido muito boa. A plataforma é bem limpa e intuitiva, o que foi ótimo pra mim que estava começando e não entendia muito de binarias. A conta demo me ajudou a praticar bastante antes de colocar dinheiro de verdade. Os depósitos e saques (uso o Pix) são bem rápidos e não tive problemas. Recomendo!
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.