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Binary.com
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Quotex
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Rating breakdown
- Regulation & trust1.5
- Assets & markets2.5
- Fees & costs4.0
- Platforms & tools3.5
- Accounts & banking3.3
- Education3.3
- Research1.5
- Customer support1.5
| Binary.com | Quotex | |
|---|---|---|
| Overview | Binary.com are the established pioneers of binary options. They are a well-known broker offering 150+ derivative products across a range of popular markets. With over 2.5 million users worldwide, the broker offers options multipliers and CFDs on two powerful trading platforms. | 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 | “Binary.com (now Deriv) is a great pick for beginners and advanced traders interested in short-term trading with multipliers and leveraged CFDs. The broker is also a leader in synthetic indices which simulate real market movements and are available around the clock.” | “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.” |
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| Instruments | CFDs, Forex, Stocks, Cryptos | Binary Options on Stocks, Indices, Forex, Commodities, Cryptos |
| Demo Account | Yes | Yes |
| Minimum Deposit | $5 | $10 |
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| Payment Methods | ||
| Minimum Trade | $1 | $1 |
| Regulator | MGA, SC | – |
| Margin Trading | No | 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 | No | No |
| Spot Trading | No | No |
| Mobile Apps | iOS, Android | Android, iOS via progressive web app |
| App Review | Deriv GO, previously the Binary.com app, offers an easy-to-use interface and various trading instruments, including 24/7 trading in both standard and unique market-simulating indices. It stands out with its fast and reliable chat support, a rare find among competitor apps, providing essential help for new traders. | 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 | ||
| iOS App Rating | – | |
| Auto Trading | Binary.com offer a self build robot feature to design, test and implement automated trading strategies | 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 |
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| Stock Exchanges | – | |
| Commodities | – | |
| CFD Trading | ||
| Overview | Deriv's CFD offering includes 38 forex pairs, 58 stocks, seven indices, 31 crypto pairs and 16 indices, with variable leverage up to 1:30 and tight spreads. The broker also offers CFDs on four synthetic indices, which allow 24/7 trading on customisable levels of volatility, and they are not available elsewhere. | CFD trading not offered |
| Leverage | 1:1000 | – |
| FTSE Spread | 1 pt var | – |
| GBPUSD Spread | 1 pip var | – |
| Oil Spread | 3 pips var | – |
| Forex Trading | ||
| Overview | Deriv traders can speculate on 38 major and minor pairs via CFDs on MT4 or 14 majors with the broker's 'multiplier' derivatives via the proprietary trading terminal. This is a decent range of currencies compared to many alternatives. | 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 | 1 pip var | N/A |
| EURUSD Spread | 0.5 pip var | N/A |
| EURGBP Spread | 1 pip var | N/A |
| Assets | 45+ | 40+ |
| Cryptocurrency | ||
| Overview | Deriv's 31 crypto CFDs are traded in pairs with USD and leverage up to 1:2. Multipliers are available on the BTC/USD and ETH/USD pairs. We like that crypto traders also get access to the powerful MT5 platform. | 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 | BTC 2%, ETH 3% | N/A |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
| Binary Options | ||
| Overview | Binary.com are the pioneers of binary options. The original binary brand continue to expand and innovate their offering and remain one of the most trusted brands in the binary sector. | 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 | 91% | 98% |
| Expiry Times | – | 5 seconds - 4 hours |
| Ladder Options | Yes | No |
| Boundary Options | Yes | No |
Binary.com has closed.
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