Quotex vs FXORO - Fees Review included
Which broker is better Quotex or FXORO? 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. FXORO is one of the top brokers in the financial market with the TU Overall Score of 5.69 out of 10. Find out more about TU Overall Score.
| Feature | Quotex | FXORO |
|---|---|---|
Overall |
2.8 |
3.9 |
1 |
4.1 |
|
3.3 |
3.8 |
|
3.1 |
3.7 |
|
Investment Instruments |
1 |
1 |
Platforms and Charting Tools |
3.9 |
3.9 |
Deposit and Withdrawal |
4.6 |
4.1 |
Research |
1.5 |
3.9 |
Education |
2.3 |
4.9 |
Support |
3.0 |
4.2 |
Bonuses |
3.8 |
2.1 |
|
|
|
Quotex vs FXORO: 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
FXORO was founded in 2012. FXORO is a brand name owned by MCA Intelifunds LTD. It is a financial firm established under the jurisdiction of the Republic of Cyprus. It is authorized and registered by the CySec with registration number 126/10. FXORO gives access to trading CFD's on various products, such as Forex, Indices, Shares, Commodities, and Cryptocurrencies. The company offers excellent trading services yet paying great attention to customer safety.
| Quotex | FXORO | |
|---|---|---|
| Overall Pros | Affordable minimum investment amount – USD 10 | Advanced education section |
| No trading fees and no deposit, withdrawal and account fees | Trading central signals | |
| Algorithmic trading is technically impossible | ||
| Overall Cons | No Regulatory License |
Quotex vs FXORO: Safety and Regulation
| Quotex | FXORO | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
|
Investor protection |
€20,000 |
|
FCA UK Regulation |
No |
|
FINRA (U.S) |
No |
|
BaFin (Germany) |
No |
|
ASIC (Australia) |
No |
|
CFTC (U.S) |
No |
|
MAS |
No |
|
FSCA SA |
No |
|
BVI FSC |
No |
|
VFSC |
No |
|
FSA (Seychelles) |
No |
Quotex vs FXORO: Trading Conditions
| Trading Conditions | Quotex | FXORO |
|---|---|---|
Minimum Deposit |
$10 |
$200 |
Trading Platforms |
Own platform |
MT4, Mobile Apps |
Max Leverage (Futures) |
Not provided technically |
Up to 30:1 for retail clients and up to 400:1 for professional clients |
Supported Markets |
Currencies, raw materials, stocks |
Forex, Precious Metals, Commodities, Indices and Share based CFDs |
Trading assets |
80+ |
200+ |
Trading Accounts |
Single account for binary options trading |
Fix, Floating, ECN |
Base Account Currencies |
USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND, NGN, MXN, EGP |
USD, EUR, GBP, CHF |
Quotex vs FXORO: Fees
| Quotex | FXORO | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,12 |
|
Standard acc. spread EUR/USD, max pips |
0,6 |
|
ECN Commission |
3 |
|
ECN Spread EUR/USD |
0,1 |
|
Deposit fee, % |
No |
|
Withdrawal fee, % |
No |
|
Withdrawal fee, USD |
No |
|
Inactivity fee, $ |
25 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Quotex vs FXORO: Trading Assets
| Asset Name | Quotex | FXORO |
|---|---|---|
Overall |
80+ |
|
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Quotex or FXORO: Investment Programs
| Asset Name | Quotex | FXORO |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: FXORO or Quotex
| Quotex | FXORO | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
No |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
Own trading platform |
No |
|
|
|
Quotex vs FXORO: Deposit and Withdrawal Methods
| Quotex | FXORO | |
|---|---|---|
Bank Wire |
||
Bank Card |
||
Neteller |
||
BTC |
||
Wise |
||
Payoneer |
||
USDT |
Quotex vs FXORO: Research
| Research Type | Quotex | FXORO |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
Quotex vs FXORO: Education
| Education Type | Quotex | FXORO |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Webinars |
No |
Yes |
Articles |
No |
No |
Videos |
No |
No |
Cent account |
No |
No |
FXORO vs Quotex: Support
| Support Features | Quotex | FXORO |
|---|---|---|
Working Days |
24/7 |
24/5 |
No |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
Feedback form |
Fax |
Quotex vs FXORO: Forex Bonuses and Promo
| Promo | Quotex | FXORO |
|---|---|---|
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 |
Yes, you will get a dynamic CPA of up to $1,000 |
Other Promos |
No |
|
|
|
|
Top 5 Reviews on FXORO
-
Comment
FXORO offers leverage up to 1:400 for professional accounts and up to 1:30 for standard accounts, which is quite typical for a regulated European broker. I’d highlight their customer support — operators are available on weekdays via LiveChat, tickets, phone, and email. There are no bonuses or copy trading options, but the minimum trade size is just 0.01 lot. As for payments, they support Visa, MasterCard, Neteller, Skrill, and bank transfers, with the first three withdrawals each month being commission-free. Overall, FXORO gives a sense of transparency, though it lacks advanced services for investors.
-
-
Comment
I've been trading with FXORO for a few months now, and overall, the experience is average. The minimum deposit is $100, which isn’t exactly low for beginners. On the plus side, there are three real account types available (Fixed, Floating, ECN), and you can trade via MT4. Spreads on EUR/USD can start from 0.1 pips, though conditions are significantly better on ECN and pro accounts. As for the downsides, there are no active investment programs, and the portfolio includes only CFD instruments. FXORO isn’t the best choice if you’re looking for asset variety, but it works well for forex and basic CFDs.
-
-
Comment
Professional broker, fast withdrawals. They use MT4 so this is very good for me. I recommend!
Top 5 Reviews on Quotex
-
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!
-
Comment
"Quotex é uma excelente plataforma para quem busca simplicidade e eficiência no mercado financeiro. Interface intuitiva, funcionalidades incríveis e suporte de qualidade. Perfeita para quem quer transformar conhecimento em resultados!"
-
Comment
I use Quotex as an additional platform, mainly for trading cryptocurrencies and indices. The return is fixed and can reach up to 90% of the stake amount. According to the website, the maximum payout percentage for crypto and indices is up to 25%. I haven’t had any issues with order execution times or the mobile app’s performance. However, the lack of educational materials on the website might be a drawback for some users.
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.