Your capital is at risk. Trade only with funds you can afford to lose.
Binance
#64 in our crypto broker rankings
Accepts traders from CAR
Binance is being sued by the SEC for a range of securities violations, including the commingling of client funds and 'wash trading' against its customers to artificially increase crypto prices. Your funds may be at risk if you trade with Binance. We do not recommend making any deposits.
Quotex
#3 in our binary options broker rankings
Accepts traders from CAR
Rating breakdown
- Regulation & trust1.5
- Assets & markets2.5
- Fees & costs4.0
- Platforms & tools3.5
- Accounts & banking3.3
- Education3.3
- Research1.5
- Customer support1.5
| Binance | Quotex | |
|---|---|---|
| Overview | Binance is one of the best-known crypto exchanges. The company is available in more than 180 countries with over 120 million registered customers. The platform offers a suite of crypto trading products, from staking and NFTs to derivatives. | Established in 2019, Quotex is a broker that offers 100+ assets, including forex, stocks, indices, commodities, and cryptocurrencies. The platform emphasizes user-friendly features, complete with short-term contracts that span 5 seconds to 4 hours alongside payouts that can reach 98%. |
| Customer Reviews | – | Based on 22 customer reviews |
| Bonus Offer | – | 30% Deposit Bonus |
| Comment by Reviewer | “Binance will appeal to crypto investors looking to trade big tokens like Bitcoin plus niche coins with low fees. However, regulatory action and questionable handling of customer funds makes this firm too high-risk in our opinion.” | “Quotex may suit active traders seeking fast, fixed-return trades with above-average payouts of up to 98%. The fast, fully digital onboarding process and low $10 minimum deposit also make it especially accessible for aspiring traders. The binary platform is regularly improved, featuring daily trading signals and a genuinely intuitive interface.” |
| Pros |
|
|
| Cons |
|
|
| Instruments | Cryptos | Binary Options on Stocks, Indices, Forex, Commodities, Cryptos |
| Demo Account | No | Yes |
| Minimum Deposit | $0 | $10 |
| Trading Platforms |
|
|
| Payment Methods | ||
| Minimum Trade | $10 | $1 |
| Margin Trading | Yes | No |
| STP Account | No | No |
| ECN Account | No | No |
| DMA Account | No | No |
| MAM Account | No | No |
| PAMM Account | No | No |
| LAMM Account | No | No |
| Demat Account | No | No |
| AI / Machine Learning | No | No |
| Robo Advisor | No | No |
| Negative Balance Protection | No | No |
| Market Maker | No | Yes |
| P2P Trading | Yes | No |
| Spot Trading | Yes | No |
| Mobile Apps | Yes | Android, iOS via progressive web app |
| App Review | – | Quotex offers a fully-featured trading app that's packed with helpful tools, from dynamic charting to signals. It follows the same user-friendly design as the web-based desktop platform, ensuring a smooth transition whether you're trading from a computer, tablet or mobile device. The flexible design with light and dark modes is a nice touch. |
| Android App Rating | – | |
| Auto Trading | – | No |
| Copy Trading | No | Yes |
| Copy Trading Platform | – | Quotex offers binary copy trading with an integrated tab in the platform that shows recent trades from other users. The appeal is the ability to replicate experienced traders on one of the most established binary platforms. Still, there was limited data on copy traders and their strategies during our latest tests, so caution is required. |
| Social Trading | No | No |
| Trade Signals | – | Daily Trading Signals |
| VPS Hosting | No | No |
| Tournaments | No | Yes |
| Demo Competitions | No | No |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | – | 1% of daily balance (min $1/day) after 180 days of inactivity |
| Islamic Account | No | No |
| Account Currencies |
|
|
| Stock Exchanges | – | |
| Commodities | – | |
| Forex Trading | ||
| Overview | Forex trading not offered | You can trade binaries on 40+ currency pairs including majors, minors and exotics. This is a smaller range of forex assets than some competitors but payouts are reasonable, climbing to over 80% on the EUR/USD during testing. |
| GBPUSD Spread | – | N/A |
| EURUSD Spread | – | N/A |
| EURGBP Spread | – | N/A |
| Assets | – | 40+ |
| Cryptocurrency | ||
| Overview | Binance is one of the world's largest crypto exchanges. There is a vast range of products available including Binance Pool, Staking and an NFT Marketplace. | Quotex only offers binary options trading on a modest handful of major cryptos like Bitcoin, Ethereum and Litecoin. However, it excels for crypto payouts, which stayed high during our tests in peak sessions, reaching 94% on Bitcoin. It’s also got one of the easiest to use platforms for beginner crypto binary traders. |
| Spread | Variable fees with account tiers | N/A |
| Coins |
|
|
| Crypto Lending | Yes | No |
| Crypto Mining | No | No |
| Crypto Staking | Yes | No |
| Auto Market Maker | No | No |
| Binary Options | ||
| Overview | Binary options trading not offered | Quotex continues its streak near the top of the industry with ultra-short-term binaries on a growing selection of 400+ assets and payouts up to 98%. The firm provides a web platform that delivers a smooth user experience with a clean design, multiple charting styles, dozens of indicators and daily signals for actionable trading ideas. |
| Payout | – | 98% |
| Expiry Times | – | 5 seconds - 4 hours |
| Ladder Options | No | No |
| Boundary Options | No | No |