BitMEX vs Quotex

BitMEX vs Quotex Comparison Table 2023
BitMEX	Quotex
Review 3.2	Review 4.4
Traders from US not accepted See available crypto brokers	Traders from US not accepted See available binary options brokers
BitMEX is a crypto exchange and derivatives trading platform, launched in 2014, that offers low fees and starting deposit for a fiat–crypto onramp, spot trading, and crypto derivatives including perpetual contracts, traditional futures and quanto futures. BitMEX offers amongst the largest market liquidity of any cryptocurrency exchange.	Quotex is a binary options broker founded in 2019 and based offshore in St. Vincent and Grenadines. Over 400 digital options are available covering currencies, commodities, stocks and crypto. Binary contracts span 5 seconds to 4 hours with high payouts of 95%+ depending on market conditions.
Bonus Offer
Fee reduction for BMEX token holders	30% Deposit Bonus
Comment by Reviewer
"Active traders who want access to a good range of crypto derivatives will be intrigued by BitMEX's offering. The 100x leverage on Bitcoin is also higher than many alternatives."	"Quotex is best for making short-term bets on popular markets. The payouts up to 98% are above average and the platform is easy to use. That said, the lack of regulatory oversight, education and weak support are drawbacks."
Pros
Great customizability using widgets within the platform, making it easier to see exactly what you want A platform solely designed for crypto makes it more streamlined than multi-asset terminals Access to a considerable amount of information directly from BitMEX, freely available on their site The opportunity to talk to investors from all over the world using the inbuilt chat functionality High levels of security, ensuring that trading on the exchange is relatively secure 24/7 A range of different cryptocurrencies are available, including Bitcoin, Ethereum and Litecoin Earn interest on HODL-ing tokens – Tether and Bitcoin Highly leveraged crypto trading with rates up to 1:100 Insurance fund to avoid liquidation plus python API	Quotex is excellent for short-term binary trading with turbo contracts from 5 seconds Account funding is straightforward thanks to the wide range of payment methods and zero fees The platform delivers a superb user experience with a strong charting package The $10 starting deposit and $1 minimum stake make Quotex.io great for beginners Daily signals are useful for finding opportunities
Cons
BitMEX is focused on active traders, with fewer tools and features aimed at crypto newbies The interface is not as new, stylish or innovative as other options on the market Withdrawals are only carried out at a set time of day Legal dispute with US regulators resulted in fines Only Bitcoin is accepted for free withdrawals Range of crypto assets not as wide as rivals'	Quotex is unregulated, which means traders receive limited safeguards Despite advertised payouts of up to 98%, testing shows average payouts trail best-in-class broker Pocket Option There is no copy trading, which could support new traders looking to learn from experienced investors Customer support was weak during testing with no live chat and slow response times Quotex trails industry leaders when it comes to education and market research
Instruments
Crypto	Digital Options on Stocks, Indices, Forex, Commodities, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$0.01	$10
Trading Platforms
AlgoTrader TradingView	Web Platform Mobile App
Payment Methods
Bitcoin Payments Ethereum Payments	Bitcoin Payments Credit Card Debit Card Ethereum Payments Maestro Mastercard Perfect Money Visa Wire Transfer
Minimum Trade
Variable	$1
Regulator
Republic of Seychelles	None
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
Yes	No
P2P Trading
Yes	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	Android
Auto Trading
BitMEX Market Maker, BotVS, and via API	No
Copy Trading
No	No
Social Trading
Yes	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
	$0
Islamic Account
No	No
Account Currencies
	USD EUR GBP INR JPY MYR IDR RUB BRL NGN THB VND UAH
Stock Exchanges
	Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Nasdaq S&P 500
Commodities
	Gold Oil Silver
Forex Trading
Forex trading not offered	You can trade binaries on 20+ currency pairs including majors, minors and exotics. This is a smaller range of forex assets than leading competitors but payouts are decent, climbing to over 80% on the EUR/USD.
GBPUSD Spread
	N/A
EURUSD Spread
	N/A
EURGBP Spread
	N/A
Assets
	20+
Cryptocurrency
BitMEX offer the largest liquidity crypto trading environment anywhere. Contracts start from just $1. The firm is also compliant with global AML guidance and the platform offers cutting-edge crypto exchange and hedging.	Quotex offers binary options trading on a handful of cryptos. While the range of digital currencies is narrow, there are leading tokens, including Bitcoin, Litecoin and Ethereum. Payouts on cryptocurrencies are also above average.
Spread
-0.01% maker, 0.075% taker	N/A
Coins
BCH BTC ETH LTC XRP TRON EOS XMR ADA DOGE BNB DOT SOL SHIB AVAX GAL NEAR SUSHI AXS	BTC LTC ETH XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
Yes	No
Auto Market Maker
Yes	No
Binary Options
Binary options trading not offered	Quotex offers ultra-short-term binaries on hundreds of assets with up/down contracts that expire between 5 seconds and 4 hours. The broker provides an intuitive web platform, with multiple charting styles, dozens of indicators and daily trading signals.
Payout
	98%
Expiry Times
	5 seconds - 4 hours
Ladder Options
No	No
Boundary Options
No	No

Review	Review
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