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Expert Option
Doesn't accept traders from Italy. See available binary options brokers
Not available in your countryRead Expert Option review
Rating breakdown
- Regulation & trust2.51.0 higher than Quotex (1.5)
- Assets & markets3.00.5 higher than Quotex (2.5)
- Fees & costs3.30.7 lower than Quotex (4.0)
- Platforms & tools2.80.7 lower than Quotex (3.5)
- Accounts & banking3.80.5 higher than Quotex (3.3)
- Education2.80.5 lower than Quotex (3.3)
- Research3.01.5 higher than Quotex (1.5)
- Customer support3.31.8 higher than Quotex (1.5)
Quotex’s score. Numbers show the difference.
Quotex
Doesn't accept traders from Italy. See available binary options brokers
Not available in your countryRead Quotex review
Rating breakdown
- Regulation & trust1.51.0 lower than Expert Option (2.5)
- Assets & markets2.50.5 lower than Expert Option (3.0)
- Fees & costs4.00.7 higher than Expert Option (3.3)
- Platforms & tools3.50.7 higher than Expert Option (2.8)
- Accounts & banking3.30.5 lower than Expert Option (3.8)
- Education3.30.5 higher than Expert Option (2.8)
- Research1.51.5 lower than Expert Option (3.0)
- Customer support1.51.8 lower than Expert Option (3.3)
Expert Option’s score. Numbers show the difference.
| Expert Option | Quotex | |
|---|---|---|
| Overview | Expert Option is an offshore broker that offers a simple and intuitive trading experience through a bespoke, user-friendly platform. Short-term traders can access 100 popular assets via binary options contracts with payouts up to 95%, free educational resources, and market data available to upper-tier account holders. | 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 15 customer reviews | Based on 22 customer reviews |
| Bonus Offer | 100% Deposit Bonus | 30% Deposit Bonus |
| Comment by Reviewer | “Expert Option suits global traders thanks to its wide range of 20+ payment methods and accessible starting deposit. It’s also a particularly good fit for crypto traders thanks to its Altcoin Index, which provides a view on the direction of the crypto market without Bitcoin. ” | “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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| Cons |
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| Instruments | Digital Options on Stocks, Commodities, Forex, Crypto | Binary Options on Stocks, Indices, Forex, Commodities, Cryptos |
| Demo Account | Yes | Yes |
| Minimum Deposit | $10 | $10 |
| Trading Platforms |
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| Payment Methods | ||
| Minimum Trade | $1 | $1 |
| 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 | Android, iOS via mobile web trader | Android, iOS via progressive web app |
| App Review | Expert Option has an unusual mobile trading offering in that it balances education with trading, potentially serving new traders. However, our tests reveal very basic quizzes and learning materials that barely scratch the surface of binaries. The 'Tap Game' is also gimmicky and does little to serve serious 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 | ||
| Auto Trading | – | No |
| Copy Trading | Yes | Yes |
| Copy Trading Platform | ExpertOption doesn’t offer fully automated copy trading, but through its user-friendly Social Trading feature which we tested and which you can access from one click in the platform, you can browse its community of traders in real-time. You can check their assets, deals, and returns, and then run your own analysis and replicate their trades if it aligns with your style and wallet management. Note that if you copy their trades at a different time, in different market conditions, the outcome may be different. | 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 | Yes | No |
| Trade Signals | Only for Platinum and Exclusive accounts | 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 | $50 | 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 | ||
| Forex Trading | ||
| Overview | Expert Option traders can access some of the most popular forex pairs including USD/EUR, GBP/USD and GBP/EUR using binary options contracts that payout up to 95%, well above the industry average of around 85%. | 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 | Variable | N/A |
| EURUSD Spread | Variable | N/A |
| EURGBP Spread | Variable | N/A |
| Assets | 6 | 40+ |
| Cryptocurrency | ||
| Overview | Traders can speculate on Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) price movements using high/low binary options on a proprietary platform. These are three of the most popular cryptocurrencies on the market, but the offering lacks the variety and volatility offered by less popular tokens. | 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 | $5 on any winning trades | N/A |
| Coins |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
| Binary Options | ||
| Overview | Expert Option is a well-known binary options broker providing access to 100 assets with a $5 charge on winning trades. Payouts are competitive and users can speculate on rising or falling prices with one-click in the web-accessible platform. Binaries are aimed at ultra-short-term traders, ranging from 60 seconds to 5 minutes. | 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 | 86% | 98% |
| Expiry Times | 5 seconds - 24 hours | 5 seconds - 4 hours |
| Ladder Options | No | No |
| Boundary Options | Yes | No |
Not available in your countryRead Expert Option review
Not available in your countryRead Quotex review