FXCC vs Quotex

FXCC vs Quotex Comparison Table 2024
FXCC	Quotex
Review 4.5	Review 4.4

FXCC is an established broker that’s been offering low-cost online trading since 2010. Registered in Nevis and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes.	Quotex has been a top binary options broker since 2019, offering over 400 binaries across currencies, commodities, stocks, and crypto. With contracts spanning 5 seconds to 4 hours, short-term traders enjoy flexibility while payouts that exceed 95%, offer high potential returns. Continuously adapting to trader demands, Quotex provides a user-friendly platform for trading binaries.
Customer Reviews
4 Based on 5 FXCC customer reviews	4.5 Based on 13 Quotex customer reviews
Bonus Offer
100% First Deposit Bonus Up To $2000	30% Deposit Bonus
Comment by Reviewer
"FXCC continues to prove itself an excellent option for forex day traders with an extensive range of 70+ currency pairs, ultra-tight spreads from 0.0 pips during testing, and high leverage up to 1:500 in the ECN XL account. "	"Quotex is best for making short-term trades on popular markets. The payouts up to 98% are above average and enhancements to the platform have ensured it's easy to use for beginners. That said, the lack of regulatory oversight, limited education and weak support are key drawbacks."
Pros
Competitive and transparent ECN spreads from 0.0 pips with zero commissions, making FXCC one of the cheapest forex brokers As an MT4 broker, FXCC offers advanced charting tools and excellent support for algo traders, especially when combined with the free VPS The free education section, including the 'Traders Corner' blog, offers a large selection of materials that will serve all experience levels There are no deposit fees except industry-standard mining charges on cryptos, which is advantageous for active traders FXCC is trusted and licensed by the CySEC, a top-tier European regulator offering high standards of safeguarding There are no restrictions on short-term trading strategies like day trading and scalping	Quotex maintains its position as an excellent choice for short-term binary trading with turbo contracts from 5 seconds Account funding is straightforward thanks to the wide range of payment methods, zero fees and intuitive cashier portal The platform continues to delivers a superb trading environment with strong charting tools for technical traders The $10 starting deposit and $1 minimum stake make Quotex.io accessible to beginners Daily signals are useful for finding opportunities, especially for newer traders
Cons
FXCC’s single platform offering is a major drawback compared to many alternatives, notably AvaTrade which provides 5 platforms to suit different trader preferences Although MetaTrader 4 continues to shine for technical analysis, the subpar design dampens the trading experience, especially compared to modern alternatives like TradingView There is a threadbare selection of research tools like Trading Central and Autochartist, value-add features available at category leaders like IG While the range of currency pairs exceeds most alternatives, the selection of additional assets is narrow, and notably, there are no stocks High withdrawal fees may catch out unsuspecting traders, including a significant $45 charge for bank wire payments	Quotex is unregulated, which means traders may 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 has been weak during tests with no live chat and slow response times Quotex trails industry leaders when it comes to education and market research
Awards
Best STP Broker 2019 - World Finance Magazine Awards Best Trading Account (XL Account) 2019 - World Finance Magazine Awards Best Trading Account (XL Account) Europe 2018 - Global Banking & Finance Awards Best STP Broker Europe 2018 - Global Banking & Finance Awards Best Trading Account (XL Account) 2018 - JFEX Awards Best MT4 Broker 2018 - JFEX Awards Best Islamic Forex Broker (XL Account) 2018 - MENA Forex Show Awards Best STP/ECN Forex Broker 2018 - MENA Forex Show Awards Best Forex Trading Account 2017 - UK Forex Awards
Instruments
CFDs, Forex, Indices, Commodities, Crypto	Digital Options on Stocks, Indices, Forex, Commodities, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$0	$10
Trading Platforms
MT4	Web Platform Mobile App
Payment Methods
Bitcoin Payments Boleto Credit Card Debit Card Ethereum Payments Mastercard Netbanx Asia Neteller Paysafecard Rapid Transfer Skrill Sofort UnionPay Visa Wire Transfer	Bitcoin Payments Credit Card Debit Card Ethereum Payments Maestro Mastercard Perfect Money Visa Wire Transfer
Minimum Trade
0.01 Lots	$1
Regulator
CySEC
Margin Trading
Yes	No
STP Account
Yes	No
ECN Account
Yes	No
DMA Account
No	No
MAM Account
Yes	No
PAMM Account
Yes	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	iOS & Android
App Review
FXCC elevates mobile trading with the MT4 app on iPhone, iPad, and Android, perfect for day traders with its reliable, advanced charting featuring 30 indicators, 9 timeframes and 3 chart types. It’s incredibly easy to dive into trading on the MT4 app through an FXCC account, with just 3 simple steps. The app offers the flexibility to trade a great selection of over 70 currency pairs and other popular markets on the go.	Quotex offers a fully-featured trading app that’s packed with helpful tools, from dynamic charting to in-built signals. It follows the same user-friendly design as the desktop platform, ensuring a smooth transition whether you’re trading from a computer, tablet or mobile device. And with over 1 million downloads and at least 4/5 on the Apple App Store and Google Play Store, it’s proven popular with all types of mobile traders.
Android App Rating
4.4	4.1
iOS App Rating
4.8	4.2
Auto Trading
Expert Advisors (EAs) on MetaTrader	No
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Yes	Daily Trading Signals
VPS Hosting
Yes	No
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$5	$0
Islamic Account
Yes	No
Account Currencies
USD EUR GBP	USD EUR GBP INR JPY MYR IDR RUB BRL NGN THB VND UAH
Stock Exchanges
Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group Nasdaq New York Stock Exchange SIX Swiss Exchange	Australian Securities Exchange (ASX) 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 Palladium Platinum Precious Metals Silver	Gold Oil Silver
CFD Trading
FXCC offers a narrow range of CFDs beyond forex with a limited selection of metals, energies, indices and cryptos. However, it stands out with its high leverage up to 1:500, which will serve experienced day traders looking to maximize their buying power while speculating on rising and falling prices.	CFD trading not offered
Leverage
1:500
FTSE Spread
Variable
GBPUSD Spread
1.0
Oil Spread
0.03
Stocks Spread
NA
Forex Trading
FXCC's key selling point is its forex trading conditions. ECN spreads come in as low as 0.0 pips during peak trading hours, while it supports a wider range of currency pairs than the majority of rivals with over 70 forex assets. Additionally, you have access to MT4, which was built specifically for forex trading and excels for its charting tools.	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 reasonable, climbing to over 80% on the EUR/USD during testing.
GBPUSD Spread
1.0	N/A
EURUSD Spread
0.2	N/A
EURGBP Spread
0.5	N/A
Assets
70+	20+
Cryptocurrency
FXCC offers 8 of the most popular cryptocurrencies, including Bitcoin, Ethereum and Litecoin. High leverage up to 1:10 is available on BTC and 1:5 on other cryptos. There are no restrictions on crypto day trading strategies with Expert Advisors (EAs) also permitted.	Quotex only offers binary options trading on a handful of cryptos. Yet while the range of digital currencies is narrow, there are leading tokens, including Bitcoin, Litecoin and Ethereum. Payouts on cryptocurrencies are also above average based on routine tests.
Spread
Variable	N/A
Coins
BTC BCH ETH LTC XMR ZEC DAS XRP	BTC LTC ETH XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Binary options trading not offered	Quotex continues its streak near the top of the industry with ultra-short-term binaries on hundreds of assets. The binary broker provides a web platform that delivers a terrific user experience with a clean design, multiple charting styles, dozens of indicators and daily signals.
Payout
	98%
Expiry Times
	5 seconds - 4 hours
Ladder Options
No	No
Boundary Options
No	No

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