Quotex vs RoboForex vs Alpari - Fees Review included
| Feature | Quotex | RoboForex | Alpari |
|---|---|---|---|
Overall |
2.8 |
4.9 |
4 |
1 |
4.6 |
3.7 |
|
3.3 |
4.9 |
3.5 |
|
3.1 |
5 |
4.1 |
|
Investment Instruments |
1 |
4.8 |
3.5 |
Platforms and Charting Tools |
3.9 |
4.9 |
3.9 |
Deposit and Withdrawal |
4.6 |
4.8 |
4.1 |
Research |
1.5 |
4.9 |
3.8 |
Education |
2.3 |
4.8 |
4.1 |
Support |
3.0 |
5.0 |
4.6 |
Bonuses |
3.8 |
5 |
4.5 |
|
|
|
|
Quotex vs RoboForex vs Alpari: 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
RoboForex is a brokerage company that was founded in 2009. It provides services to financial markets in 169 countries. More than 3.5 million users are RoboForex clients. RoboForex is the leading software developer in the Forex industry. RoboForex is recognized as a reliable partner by the most respected financial market experts. The company has won numerous prestigious awards. The RoboForex group of companies has an international license to provide services from FSC Belize.
The Alpari broker has been providing financial services in the international foreign exchange market since 1998. The company's services include both active Forex trading and investment offers. The broker is registered in the territory of Saint Vincent and the Grenadines. Its license is № 20389 IBC 2012, issued by the Registrar of International Business Companies. The Company is also a member of The Financial Commission, which handles the settlement of disputes worldwide between brokers and their clients. The broker has received more than 30 awards, including Forex Expo Awards (2011, 2012, 2014), International Finance Magazine Awards (2013), and FX Empire Awards (2017).
| Quotex | RoboForex | Alpari | |
|---|---|---|---|
| Overall Pros | Affordable minimum investment amount – USD 10 | Trading With Leverage up to 1:2000 | a large number of trading accounts for traders with different levels of experience and goals; |
| No trading fees and no deposit, withdrawal and account fees | Near 9000 supported trading assets | high-quality and efficient work by the customer support service | |
| Algorithmic trading is technically impossible | Low trading and non trading fees | many ways to replenish the deposit and withdraw funds | |
| Passive income with copy trading | |||
| Great bonus programs | |||
| Instant withdrawal of funds | |||
| Best choice of Forex EA, Forex bots builder | |||
| Advanced trading platforms | |||
| Overall Cons | No Regulatory License | Lack of cryptocurrency tools when trading on the R Trader platform | no trading on weekends |
| A small number of currency pairs - 36, for accounts: Pro, Pro-Cent, ECN, Prime | withdrawal of funds is carried out after occasional delays | ||
| commission compensation for deposits or withdrawals is available only for traders with VIP status; | |||
| trading on the MetaTrader 5 platform is available only for traders with standard accounts, and swap-free Forex Islamic accounts work only on MetaTrader 4. |
Quotex vs RoboForex vs Alpari: Safety and Regulation
| Regulated By: | Quotex | RoboForex | Alpari |
|---|---|---|---|
Max. Regulation Level |
Tier-3 |
Tier-3 |
|
Investor protection |
€20,000 |
€20,000 |
|
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 RoboForex vs Alpari: Trading Conditions
| Trading Conditions | Quotex | RoboForex | Alpari |
|---|---|---|---|
Minimum Deposit |
$10 |
$10 |
$1 |
Trading Platforms |
Own platform |
MT4, MT5, cTrader, R StocksTrader, RoboForex, |
MetaTrader 4, MetaTrader 5 |
Max Leverage (Futures) |
Not provided technically |
1-2000 |
1-30000 |
Supported Markets |
Currencies, raw materials, stocks |
Forex, Stocks, Indices, ETFs, Groceries, Energy commodities, Metals |
Currency pairs, metals, CFDs |
Trading assets |
80+ |
8700+ |
78+ |
Trading Accounts |
Single account for binary options trading |
Pro, Pro Cent, ECN, Prime |
nano.mt4, standard.mt4, standard.mt5, ecn.mt4, pro.ecn.mt4, special.ecn.mt4, ecn.mt5 |
Base Account Currencies |
USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND, NGN, MXN, EGP |
USD, EUR |
USD and EUR |
Quotex vs RoboForex vs Alpari: Fees
| Fee | Quotex | RoboForex | Alpari |
|---|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,5 |
0,5 |
|
Standard acc. spread EUR/USD, max pips |
2 |
2 |
|
ECN Commission |
2 |
2 |
|
ECN Spread EUR/USD |
0,2 |
0,2 |
|
Deposit fee, % |
No |
No |
|
Withdrawal fee, % |
0-4 |
0-4 |
|
Withdrawal fee, USD |
0-1,3 |
0-1,3 |
|
Inactivity fee, $ |
No |
No |
Quotex vs RoboForex vs Alpari: Trading Assets
| Asset Name | Quotex | RoboForex | Alpari |
|---|---|---|---|
Overall |
80+ |
9700+ trading assets |
78+ |
Forex |
Yes |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Yes |
Cryptocurrencies |
No |
Yes (CFD) |
Yes (Bitcoin CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Yes (CFD) |
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 RoboForex or Alpari: Investment Programs
| Asset Name | Quotex | RoboForex | Alpari |
|---|---|---|---|
Copy Trading |
No |
Yes |
No |
MAM/PAMM |
No |
No |
Yes |
Managed Accounts |
No |
No |
No |
Other |
No |
No |
No |
Trading Platforms: Quotex or RoboForex or Alpari
| Quotex | RoboForex | Alpari | |
|---|---|---|---|
MT4 |
No |
Yes |
Yes |
MT5 |
No |
Yes |
Yes |
cTrader |
No |
Yes |
No |
Appropriate platform |
No |
R StocksTrader, RoboForex Terminals |
No |
Others |
Own trading platform |
No |
No |
|
|
|
|
Quotex vs RoboForex vs Alpari: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Quotex | RoboForex | Alpari |
|---|---|---|---|
Bank Wire |
Yes |
Yes |
|
Bank Card |
Yes |
Yes |
|
Neteller |
Yes |
Yes |
|
BTC |
No |
No |
|
Wise |
No |
No |
|
Payoneer |
No |
No |
|
USDT |
No |
No |
Quotex vs RoboForex vs Alpari: Research
| Research Type | Quotex | RoboForex | Alpari |
|---|---|---|---|
News Feed |
No |
Yes |
No |
Fundamental Data |
No |
Yes |
Yes |
Chart Analysis |
No |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
No |
E-Mail Reports |
No |
Yes |
No |
Quotex vs RoboForex vs Alpari: Education
| Education Type | Quotex | RoboForex | Alpari |
|---|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Yes |
Webinars |
No |
Yes |
Yes |
Articles |
No |
Yes |
Yes |
Videos |
No |
Yes |
No |
Cent account |
No |
Yes |
No |
Quotex vs RoboForex vs Alpari: Support
| Support Features | Quotex | RoboForex | Alpari |
|---|---|---|---|
Working Days |
24/7 |
24/5 |
24/7 |
No |
Yes |
Yes |
|
Phone |
No |
Yes |
Yes |
Online chat |
No |
Yes |
Yes |
Other |
Feedback form |
No |
Facebook, WhatsApp, VK, Telegram |
Quotex vs RoboForex vs Alpari: Forex Bonuses and Promo
| Promo | Quotex | RoboForex | Alpari |
|---|---|---|---|
Forex Bonus |
Welcome bonus 30% when opening a real account. Cashback, bonus for using "deal cancellation" |
Welcome bonus $30 Classic first deposit bonus up to 120% |
Proprietary bonus system: For replenishment of the account, trading, and other operations, the trader receives bonus points on his personal account, which can later be exchanged for discounts or real money; Cashback service: Clients with a high status in the system receive more privileges and access to additional bonuses. |
Affiliate Program |
Yes. Payouts up to 80% of income or up to 7% of referral turnover |
Up to 40% of trading commissions |
"Revenue Sharing" - a broker's representative may attract new clients and receive up to 60% of the spread for trading operations carried out by the invited trader; “CPA-partner” is a partner whose task is also to attract new customers, but a reward of up to $275 is paid only after new invitees open new accounts and replenish them at least once. |
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Top 5 Reviews on Quotex
-
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!
-
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!"
Top 5 Reviews on RoboForex
-
Comment
I have been working with RoboForex for three years. The advantages include high reliability, regulation by FSC Belize, and membership in The Financial Commission with protection up to €20,000. There was a technical issue with a withdrawal once, but it was resolved through support within 2 hours, and compensation was credited automatically. I mainly use CopyFx, copying trades from traders with returns of over 8% per month. In 2024, my account grew by 28%. The platform is user-friendly, with both a mobile version and a web trader available.
-
Comment
RoboForex turned out to be a perfect fit for trading small volumes: they offer micro accounts (ProCent) with a minimum lot size of 0.01, and the entry threshold is just $10. In two months, I grew my initial deposit from $30 to $67 by trading currencies and gold. I really liked that the broker doesn’t charge any deposit fees, and you can withdraw funds anytime via Skrill or bank transfer. Tested and confirmed: the money arrives within 24 hours.
-
Comment
I found the broker RoboForex through the Traders Union ranking — it currently holds the number one spot among forex brokers in Ukraine. I opened an account to trade U.S. stocks via StocksTrader: over 12,000 instruments available, including CFDs on Apple, Nvidia, Google, and Tesla shares. The minimum deposit on StocksTrader is $100, but the commissions are low and the trading dashboard is user-friendly. In the first quarter, I made a 14% profit trading stocks and ETFs. The high-quality analytics and educational materials on the website are also a big plus.
-
Comment
I chose RoboForex for trading currency pairs because of the low minimum deposit of just $10 and the wide range of instruments available. I trade on Pro and ECN accounts, and the spreads really do start from 0 pips, especially on EUR/USD. Over the course of a month, I managed to grow my deposit from $150 to $220 thanks to fast order execution and no slippage. I was pleased with the instant withdrawal — my $50 request was processed within 30 minutes to a Visa card. The MT5 platform is user-friendly and works smoothly on both desktop and mobile.
-
Comment
I chose RoboForex for its combination of high order execution speed and favorable conditions for investors. Spreads start from 0.2 pips, and leverage goes up to 1:2000 — the highest among regulated brokers. I really like the CopyFx investment platform, which allows you to follow successful traders and diversify risks. Most accounts offer free deposits and withdrawals. RoboForex provides reliable fund protection, including negative balance protection, and also safeguards traders’ interests through a compensation fund of up to €20,000.
Top 5 Reviews on Alpari
-
Comment
Many traders collaborate with the broker Alpari. I myself traded with this broker for several years. At one time, Alpari was one of the best among forex companies. But now, there is fierce competition, with many brokers offering favorable conditions as well as regulatory licenses. And this broker has remained in the past for now.
-
Comment
I leave a neutral review of alpari. This company is reputable and when you get to know it closer, you understand that the broker has no special problems. Everything is fine with payments. There are deposit and withdrawal fees. They are small, but they exist. Slippages occur, though not very strong.
-
Comment
I can recommend Alpari as a stable and reliable broker, which has earned its reputation over the years of its work. It is focused on clients, not on its profit, and this is the most important thing. It is also important to note that order execution is at a high level, and withdrawals are made quickly and without any difficulties. Alpari provides good support service where knowledgeable Forex specialists work.
-
Comment
For me, the main advantage of Alpari is the variety of available trading instruments. I traded both currency pairs and crypto. I can also add that Alpari has a fast trading platform. There are no requotes, and this is very important in my trading.
-
Comment
I have known Alpari for six years. At first I traded here for two years, then I stopped trading at all. I didn’t work in the Forex market for two years, and then I returned again. I tried trading in another company, but I didn't like it. I funded my account with Alpari again and am trading here up to now. I can’t say that the broker is perfect, since problems do occur. But the company withdraws profits without any problems.
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.