Quotex vs Trading 212 - Fees Review included
Which broker is better Quotex or Trading 212? 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. Trading 212 is one of the top brokers in the financial market with the TU Overall Score of 6.46 out of 10. Find out more about TU Overall Score.
| Feature | Quotex | Trading 212 |
|---|---|---|
Overall |
2.8 |
3.9 |
1 |
4.5 |
|
3.3 |
3.5 |
|
3.1 |
4.7 |
|
Investment Instruments |
1 |
1 |
Platforms and Charting Tools |
3.9 |
2.8 |
Deposit and Withdrawal |
4.6 |
4.1 |
Research |
1.5 |
3.7 |
Education |
2.3 |
3.8 |
Support |
3.0 |
3.9 |
Bonuses |
3.8 |
1 |
|
|
Quotex vs Trading 212: 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 Trading 212 brokerage company (trading212.com) is registered to do business in London in 2006. Its specialization is the provision of services for investment and active trading in the foreign exchange and stock markets. The company is regulated and licensed by the UK Financial Conduct Authority (FCA) and by CySEC in Europe. The broker does not provide data on awards received during the work.
| Quotex | Trading 212 | |
|---|---|---|
| Overall Pros | Affordable minimum investment amount – USD 10 | low level of the minimum deposit |
| No trading fees and no deposit, withdrawal and account fees | a large selection of trading assets | |
| Algorithmic trading is technically impossible | Big choice of Stocks and ETFs | |
| UK and EU regulated broker | ||
| Overall Cons | No Regulatory License | lack of investment programs |
| a small number of ways to contact support | ||
| the company does not hold contests for traders |
Quotex vs Trading 212: Safety and Regulation
| Quotex | Trading 212 | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
|
Investor protection |
€20,000 £85,000 |
|
FCA UK Regulation |
Yes |
|
FINRA (U.S) |
No |
|
BaFin (Germany) |
No |
|
ASIC (Australia) |
Yes |
|
CFTC (U.S) |
No |
|
MAS |
No |
|
FSCA SA |
No |
|
BVI FSC |
No |
|
VFSC |
No |
|
FSA (Seychelles) |
No |
Quotex vs Trading 212: Trading Conditions
| Trading Conditions | Quotex | Trading 212 |
|---|---|---|
Minimum Deposit |
$10 |
£1, €1 |
Trading Platforms |
Own platform |
Web platform, a mobile app for iOS and Android |
Max Leverage (Futures) |
Not provided technically |
1:30 (retail clients), 1:500 (Pro clients) |
Supported Markets |
Currencies, raw materials, stocks |
Currency pairs, CFDs on stocks, indices, futures, commodities, ETFs |
Trading assets |
80+ |
over 12,000 stocks and ETFs available in the Invest/ISA accounts and over 5,000 leveraged instruments in the CFD account |
Trading Accounts |
Single account for binary options trading |
Trading 212 Invest, Trading 212 CFD, ISA (available for UK clients) |
Base Account Currencies |
USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND, NGN, MXN, EGP |
GBP, EUR |
Quotex vs Trading 212: Fees
| Quotex | Trading 212 | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,2 |
|
Standard acc. spread EUR/USD, max pips |
0,5 |
|
ECN Commission |
1,5 |
|
ECN Spread EUR/USD |
0,1 |
|
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 Trading 212: Trading Assets
| Asset Name | Quotex | Trading 212 |
|---|---|---|
Overall |
80+ |
over 12000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
Yes |
Bonds |
No |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
Yes (CFD) |
Binary Options |
No |
No |
Quotex or Trading 212: Investment Programs
| Asset Name | Quotex | Trading 212 |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Trading 212 or Quotex
| Quotex | Trading 212 | |
|---|---|---|
MT4 |
No |
No |
MT5 |
No |
No |
cTrader |
No |
No |
Appropriate platform |
No |
Trading 212 |
Others |
Own trading platform |
No |
|
|
Quotex vs Trading 212: Deposit and Withdrawal Methods
| Quotex | Trading 212 | |
|---|---|---|
Bank Wire |
||
Bank Card |
||
Neteller |
||
BTC |
||
Wise |
||
Payoneer |
||
USDT |
Quotex vs Trading 212: Research
| Research Type | Quotex | Trading 212 |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
No |
No |
Chart Analysis |
No |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
Quotex vs Trading 212: Education
| Education Type | Quotex | Trading 212 |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
No |
Articles |
No |
No |
Videos |
No |
Yes |
Cent account |
No |
No |
Trading 212 vs Quotex: Support
| Support Features | Quotex | Trading 212 |
|---|---|---|
Working Days |
24/7 |
24/7 |
No |
Yes |
|
Phone |
No |
No |
Online chat |
No |
No |
Other |
Feedback form |
feedback form |
Quotex vs Trading 212: Forex Bonuses and Promo
| Promo | Quotex | Trading 212 |
|---|---|---|
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 |
Promo offer. It works according to the principle of a standard referral program. A client of the company becomes a partner of a broker, receives an individual referral link and attracts new users to the company. The referrer gets a bonus for each new active trader. Trading 212 provides a tiered referral program that rewards every client and friend they refer with a free share (or a share of the whole share) up to €100/GBP. |
Other Promos |
||
|
|
Top 5 Reviews on Trading 212
-
Comment
The multilingual interface of Pacific Union's website indicates that the company is oriented towards clients from all over the world, which is a big plus for the international audience. However, one nuance can be noted: currently the company does not hold contests for traders, which could be an additional incentive for active participation of users. This is, of course, a minor drawback that does not reduce the overall attractiveness of the broker.
-
Comment
Trading 212 offers a really wide range of trading assets, so everyone can choose something to his taste or even try everything at once. The trading conditions are also fine, trades are executed as they should be. The only disadvantage is the limited ways of communication with support. Sometimes you really need advice, and the options for communication are not always convenient or fast. It would be great if they added more communication channels for prompt help.
-
Comment
Trading 212 provides a convenient and intuitive trading platform, which makes it accessible for both beginners and experienced traders. A pleasant bonus is the absence of commissions for trading stocks and ETFs, which allows you to maximize the use of your investments. However, it's worth noting that the asset selection for trading cryptocurrencies and other more specific instruments can be limited. Overall, Trading 212 is a good choice for those looking for a simple and affordable trading platform, but those looking to trade more specialized assets may need to consider other options.
-
Comment
I work with Trading 212 and I have a neutral impression. I like the fact that the company has a low minimum deposit. This makes trading accessible for many people and allows you to start with small investments. However, there is a disadvantage - the lack of investment programs. For those looking for passive income opportunities, this can be inconvenient. Overall, Trading 212 offers good conditions for active traders, but I would like to see more investment options.
-
Comment
Trading 212 is a good broker! Withdrawals are fine here, as well as the execution speed. I felt the quality immediately once I started trading here. I believe that Trading 212 is a high-quality broker that can provide fast order execution speed.
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.