Quotex vs OctaFX - Fees Review included
Which broker is better Quotex or OctaFX? 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. OctaFX is one of the top brokers in the financial market with the TU Overall Score of 8.2 out of 10. Find out more about TU Overall Score.
| Feature | Quotex | OctaFX |
|---|---|---|
Overall |
2.8 |
4.1 |
1 |
3.9 |
|
3.3 |
4.5 |
|
3.1 |
2.9 |
|
Investment Instruments |
1 |
3.1 |
Platforms and Charting Tools |
3.9 |
4.4 |
Deposit and Withdrawal |
4.6 |
4.6 |
Research |
1.5 |
4.1 |
Education |
2.3 |
3.9 |
Support |
3.0 |
4.1 |
Bonuses |
3.8 |
4.3 |
|
|
|
Quotex vs OctaFX: 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
The OctaFX Broker has been providing Forex services since 2011. It operates under the CySEC license and provides favorable conditions for Forex traders. At the moment, OctaFX has been chosen by more than 6.6 million clients worldwide as an intermediary to the financial markets, but the broker is focused on the countries of the Asia-Pacific region. OctaFX is popular in Indonesia, Malaysia, Pakistan and other countries. Its services are used by both active traders and passive investors who prefer to copy the successful trading strategies of other market participants. In 2020, OctaFX was named The Best CFD broker in the Asia-Pacific region by Capital Finance International, and in 2021, The Best Forex Broker in Asia by Global Banking and Finance Review.
| Quotex | OctaFX | |
|---|---|---|
| Overall Pros | Affordable minimum investment amount – USD 10 | Trading at weekends |
| No trading fees and no deposit, withdrawal and account fees | No non-trading commissions | |
| Algorithmic trading is technically impossible | Copy trading service | |
| Overall Cons | No Regulatory License | Limited number of supported assets |
| High spreads |
Quotex vs OctaFX: Safety and Regulation
| Quotex | OctaFX | |
|---|---|---|
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 OctaFX: Trading Conditions
| Trading Conditions | Quotex | OctaFX |
|---|---|---|
Minimum Deposit |
$10 |
$100 |
Trading Platforms |
Own platform |
MetaTrader 4, MetaTrader 5 |
Max Leverage (Futures) |
Not provided technically |
1-500, for EU clients - 1-30 |
Supported Markets |
Currencies, raw materials, stocks |
32 currency pairs, CFDs on energy resources, cryptocurrencies, indices, gold, and silver |
Trading assets |
80+ |
70+ |
Trading Accounts |
Single account for binary options trading |
Demo, OctaFX MT4, OctaFX MT5 |
Base Account Currencies |
USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND, NGN, MXN, EGP |
USD, EUR |
Quotex vs OctaFX: Fees
| Quotex | OctaFX | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,6 |
|
Standard acc. spread EUR/USD, max pips |
1 |
|
ECN Commission |
||
ECN Spread EUR/USD |
||
Deposit fee, % |
No |
|
Withdrawal fee, % |
No |
|
Withdrawal fee, USD |
No |
|
Inactivity fee, $ |
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 OctaFX: Trading Assets
| Asset Name | Quotex | OctaFX |
|---|---|---|
Overall |
80+ |
70+ |
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 OctaFX: Investment Programs
| Asset Name | Quotex | OctaFX |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: OctaFX or Quotex
| Quotex | OctaFX | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
Own trading platform |
No |
|
|
|
Quotex vs OctaFX: Deposit and Withdrawal Methods
| Quotex | OctaFX | |
|---|---|---|
Bank Wire |
||
Bank Card |
||
Neteller |
||
BTC |
||
Wise |
||
Payoneer |
||
USDT |
Quotex vs OctaFX: Research
| Research Type | Quotex | OctaFX |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
Yes |
Quotex vs OctaFX: Education
| Education Type | Quotex | OctaFX |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
Yes |
Videos |
No |
Yes |
Cent account |
No |
Yes |
OctaFX vs Quotex: Support
| Support Features | Quotex | OctaFX |
|---|---|---|
Working Days |
24/7 |
24/5 |
No |
Yes |
|
Phone |
No |
yes |
Online chat |
No |
Yes |
Other |
Feedback form |
Twitter, Telegram, or Facebook |
Quotex vs OctaFX: Forex Bonuses and Promo
| Promo | Quotex | OctaFX |
|---|---|---|
Forex Bonus |
Welcome bonus 30% when opening a real account. Cashback, bonus for using "deal cancellation" |
Bonuses of 10% to 50% are paid for each deposit starting at $50 During the period of special offers, the client can request a reward in the amount of 100% of the amount deposited into the account. The bonus is available for withdrawal after meeting the requirements for the trading volume. |
Affiliate Program |
Yes. Payouts up to 80% of income or up to 7% of referral turnover |
“Invite a friend” - a program that rewards $1 for 1 standard lot traded by the attracted referral, the minimum withdrawal amount is $5; "IB" – (Introducing Broker) the partner receives from $3 to $12 depending on the total number of connected clients; Master IB is a program for those who have created their own IB network. The master trader receives a 10% commission from the profits received by the attracted IB. He also has access to the standard introducing broker remuneration. White Label. It is an attractive solution for existing brokers who want to provide financial services to directly to others. The program makes it possible to use the powerful foundation of FP Markets, but at the same time promote a personal brand. |
Other Promos |
Contests on MT4 demo accounts The winners of the competition, who take the first five prizes, receive real money to their trading account. The amount of remuneration ranges from $40 to $500. The term of the round is four weeks. Money can be withdrawn or transferred to a real account for further use in trading. |
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Top 5 Reviews on OctaFX
-
Comment
Octa offers competitive spreads from 0.6 pips on EUR/USD and leverage up to 1:1000, making it suitable for active traders. The conditions are also beginner-friendly — copy trading is supported, and there’s an economic calendar, educational articles, and analytics. The website is intuitive, and support responds within a couple of minutes, even at night. Another plus is the Trade & Win program with deposit bonuses of up to 50%.
-
Comment
Octa offers very transparent trading conditions: no hidden fees and zero deposit commissions. I use Skrill and Visa — everything goes smoothly. The OctaTrader platform is convenient, featuring a built-in idea feed and market event notifications. It’s also nice that cryptocurrency is supported — Bitcoin, Ethereum, and even local bank transfers are available for deposits.
-
Comment
Octa has been confidently established in the market since 2011, serving clients from 150 countries, which reflects the trust of traders worldwide. Licenses from FSC and MISA provide basic regulatory protection, and the availability of negative balance protection allows for trading with peace of mind. A nice bonus is the contests on demo accounts where real money is awarded — an excellent way to improve skills and earn without risk.
-
Comment
Octa offers a well-developed trading infrastructure with over 300 instruments, including 52 currency pairs, 150 stocks, and 34 cryptocurrencies. The minimum lot size starts from 0.01, and leverage goes up to 1:1000. I especially appreciated that 97% of orders are executed without slippage, and the ability to choose between fixed and floating spreads on MT4 and MT5 provides greater flexibility for different trading strategies.
-
Comment
Octa turned out to be one of the few brokers that lets you start trading with just $25 while offering access to three platforms: MetaTrader 4, MetaTrader 5, and OctaTrader. This is especially convenient for those exploring different trading styles. Spreads start from 0.6 pips, and there are no deposit or withdrawal fees, which helps reduce costs at the beginning. Plus, you can copy other traders’ positions through the built-in CopyTrading service.
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.