Quotex vs HugosWay vs Kot4x - Fees Review included
| Feature | Quotex | HugosWay | Kot4x |
|---|---|---|---|
Overall |
2.8 |
3.3 |
3.1 |
1 |
1 |
1 |
|
3.3 |
3.7 |
4.2 |
|
3.1 |
3.5 |
3.5 |
|
Investment Instruments |
1 |
1 |
1 |
Platforms and Charting Tools |
3.9 |
3.5 |
3.5 |
Deposit and Withdrawal |
4.6 |
4.1 |
3.7 |
Research |
1.5 |
2.5 |
2.4 |
Education |
2.3 |
2.4 |
2.3 |
Support |
3.0 |
3.4 |
3.4 |
Bonuses |
3.8 |
1 |
4 |
|
|
|
Quotex vs HugosWay vs Kot4x: 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
HugosWay (also Hugo’s Way and Hugosway) was founded in 2017. Despite its relatively young age, the company has firmly established itself among the classic brokers working on Forex with traditional trading instruments. HugosWay aims to cooperate with clients from Europe and Asia. Registration is in Saint Vincent and the Grenadines.
The Kot4x Broker (kot4x.com) is an online Forex cryptocurrency and CFD broker with advanced technologies for trading on the financial markets. The company provides a secure ECN trading environment and offers over 250 trading instruments, including cryptocurrencies. Kot4x doesn’t limit trading strategies. It charges low trading fees and allows payments in bitcoins.
| Quotex | HugosWay | Kot4x | |
|---|---|---|---|
| Overall Pros | Affordable minimum investment amount – USD 10 | ECN/STP technology | ECN STP trading model |
| No trading fees and no deposit, withdrawal and account fees | Crypto withdrawal | Crypto CFDs | |
| Algorithmic trading is technically impossible | Order processing speed - 150-250 ms | 20% withdrawal bonus | |
| Funding up to $200k for pro traders | |||
| BTC withdrawal | |||
| Overall Cons | No Regulatory License | Not regulated broker | Not regulated broker |
| Limited number of supported assets | Weak research and education | ||
| Weak research and education | No passive income tools | ||
| No passive income tools | High ECN trading fees | ||
| High spread |
Quotex vs HugosWay vs Kot4x: Safety and Regulation
| Regulated By: | Quotex | HugosWay | Kot4x |
|---|---|---|---|
Max. Regulation Level |
Not regulated |
Tier-1 |
|
Investor protection |
No |
No |
|
FCA UK Regulation |
No |
No |
|
FINRA (U.S) |
No |
No |
|
BaFin (Germany) |
No |
No |
|
ASIC (Australia) |
No |
No |
|
CFTC (U.S) |
No |
No |
|
MAS |
No |
No |
|
FSCA SA |
No |
No |
|
BVI FSC |
No |
No |
|
VFSC |
No |
No |
|
FSA (Seychelles) |
No |
No |
Quotex vs HugosWay vs Kot4x: Trading Conditions
| Trading Conditions | Quotex | HugosWay | Kot4x |
|---|---|---|---|
Minimum Deposit |
$10 |
$10 |
$25 |
Trading Platforms |
Own platform |
МТ4 |
МТ4 |
Max Leverage (Futures) |
Not provided technically |
1-500 |
1-500 |
Supported Markets |
Currencies, raw materials, stocks |
Forex CFDs on Crypto, Metals, Indices, Stocks |
Forex CFDs on Crypto, Metals, Indices, Stocks |
Trading assets |
80+ |
150+ |
250+ |
Trading Accounts |
Single account for binary options trading |
Real |
Standard, PRO, VAR, MINI |
Base Account Currencies |
USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND, NGN, MXN, EGP |
USD |
|
Quotex vs HugosWay vs Kot4x: Fees
| Fee | Quotex | HugosWay | Kot4x |
|---|---|---|---|
Standard acc. spread EUR/USD, min pips |
0.2 |
0.1 |
|
Standard acc. spread EUR/USD, max pips |
1.2 |
1.7 |
|
ECN Commission |
2.5 |
3 |
|
ECN Spread EUR/USD |
0.3 |
0.2 |
|
Deposit fee, % |
No |
0-5 |
|
Withdrawal fee, % |
No |
No |
|
Withdrawal fee, USD |
No |
No |
|
Inactivity fee, $ |
10 |
No |
Quotex vs HugosWay vs Kot4x: Trading Assets
| Asset Name | Quotex | HugosWay | Kot4x |
|---|---|---|---|
Overall |
80+ |
150+ |
250+ |
Forex |
Yes |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
No |
Bonds |
No |
No |
No |
Mutual funds |
No |
No |
No |
Stock options |
No |
No |
No |
Futures Trading |
No |
No |
No |
Binary Options |
No |
No |
No |
Quotex or HugosWay or Kot4x: Investment Programs
| Asset Name | Quotex | HugosWay | Kot4x |
|---|---|---|---|
Copy Trading |
No |
No |
No |
MAM/PAMM |
No |
No |
No |
Managed Accounts |
No |
No |
No |
Other |
No |
No |
No |
Trading Platforms: Quotex or HugosWay or Kot4x
| Quotex | HugosWay | Kot4x | |
|---|---|---|---|
MT4 |
No |
Yes |
Yes |
MT5 |
No |
No |
No |
cTrader |
No |
No |
No |
Appropriate platform |
No |
No |
No |
Others |
Own trading platform |
No |
No |
|
|
|
Quotex vs HugosWay vs Kot4x: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Quotex | HugosWay | Kot4x |
|---|---|---|---|
Bank Wire |
Yes |
No |
|
Bank Card |
Yes |
Yes |
|
Neteller |
No |
No |
|
BTC |
Yes |
Yes |
|
Wise |
No |
No |
|
Payoneer |
No |
No |
|
USDT |
No |
Yes |
Quotex vs HugosWay vs Kot4x: Research
| Research Type | Quotex | HugosWay | Kot4x |
|---|---|---|---|
News Feed |
No |
Yes |
Yes |
Fundamental Data |
No |
No |
No |
Chart Analysis |
No |
No |
No |
Trading Ideas |
Yes |
No |
No |
E-Mail Reports |
No |
No |
No |
Quotex vs HugosWay vs Kot4x: Education
| Education Type | Quotex | HugosWay | Kot4x |
|---|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Yes |
Webinars |
No |
Yes |
No |
Articles |
No |
No |
Yes |
Videos |
No |
Yes |
No |
Cent account |
No |
No |
No |
Quotex vs HugosWay vs Kot4x: Support
| Support Features | Quotex | HugosWay | Kot4x |
|---|---|---|---|
Working Days |
24/7 |
24/5 |
24/5 |
No |
Yes |
Yes |
|
Phone |
No |
Yes |
Yes |
Online chat |
No |
Yes |
Yes |
Other |
Feedback form |
No |
No |
Quotex vs HugosWay vs Kot4x: Forex Bonuses and Promo
| Promo | Quotex | HugosWay | Kot4x |
|---|---|---|---|
Forex Bonus |
Welcome bonus 30% when opening a real account. Cashback, bonus for using "deal cancellation" |
No |
20% withdrawal bonus |
Affiliate Program |
Yes. Payouts up to 80% of income or up to 7% of referral turnover |
Yes |
Yes |
|
|
|
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.
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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.
