FXTM vs Quotex

FXTM vs Quotex Comparison Table 2024
FXTM	Quotex
Review 4	Review 4.4

FXTM is a top-rated forex and CFD broker established in 2011 and operating across 4 continents. The company is secure and regulated by leading authorities, including the FCA and CySEC. Offering 1000+ day trading markets and three account types, they cater to all levels of trader.	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
	4.5 Based on 13 Quotex customer reviews
Bonus Offer
30% up to $100 via Exinity Ltd	30% Deposit Bonus
Comment by Reviewer
"FXTM is a good pick for day traders seeking low forex commissions on the MetaTrader 4 platform. That said, the range of other assets is not extensive for those looking to diversify, especially stocks and cryptocurrencies."	"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
The broker delivers an excellent charting environment for day traders, with over 30 technical tools offered in the MT4 platform, plus a range of additional platform indicators for monitoring spreads, orders, pivot levels and more Beginners can access a strong range of free educational materials and short-term market insights, including a podcast hosted by the brand’s expert team FXTM offers free VPS hosting for active day traders looking for 24/7 uninterrupted connection with up to 99.9% uptime The broker has a good reputation with multiple industry awards and oversight from top-tier regulators like the CySEC Customer support is reliable and available in 30+ languages, making FXTM a top choice among global traders Negative Balance Protection is available to clients registering with the EU and UK entities	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
It’s a shame that ETFs and bond products are not available, and the selection of stocks is not extensive compared to competitors like AvaTrade Spreads are mediocre in the commission-free accounts, with typical EUR/USD spreads around 1.9 pips - the industry average is around 1.2 pips Withdrawal fees apply, including a 30 EUR fee on bank wire withdrawals There are limited e-wallet payment options compared to alternatives	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 Trading Experience 2021 - World Finance Awards Best Online Leveraged Trading Services 2021 - Global Business Awards Best Forex Education Partner Nigeria 2021 - World Business Outlook Best Trading Experience 2020 - World Finance Awards Best ECN Broker 2020 - DayTrading.com
Instruments
Forex, CFDs, Indices, Commodities, Stocks	Digital Options on Stocks, Indices, Forex, Commodities, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$10	$10
Trading Platforms
FXTM App MT4 MT5	Web Platform Mobile App
Payment Methods
Credit Card GlobePay Google Wallet Maestro Neteller PayRedeem Perfect Money Skrill Visa WebMoney Western Union	Bitcoin Payments Credit Card Debit Card Ethereum Payments Maestro Mastercard Perfect Money Visa Wire Transfer
Minimum Trade
0.01 Lots	$1
Regulator
CySEC, FCA, FSCA, FSC
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
Yes	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	iOS & Android
App Review
FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the app supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.	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 Hang Seng IBEX 35 Japan Exchange Group Nasdaq National Stock Exchange Of India S&P 500	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 Natural Gas Oil Precious Metals Silver	Gold Oil Silver
CFD Trading
FXTM’s CFD offering spans 250+ forex, stocks, commodities and indices, plus crypto CFDs at the global entity. Leverage up to 1:30 is available from the CySEC-regulated branch, though highly seasoned traders can also access massive 1:2000 rates from the global entity.	CFD trading not offered
FTSE Spread
1.3
GBPUSD Spread
0.2
Oil Spread
5.0
Stocks Spread
0.1
Forex Trading
FXTM offers a strong range of 60+ currency pairs - more than many competitors including AvaTrade. There’s also 6 currency indices for day traders looking to diversify their forex portfolios. The brand’s ECN account offers competitively low spreads from 0 pips, with equally low commissions up to $2 per lot.	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.
Forex App
FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the app supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.
GBPUSD Spread
0.2	N/A
EURUSD Spread
0.1	N/A
EURGBP Spread
0.6	N/A
Assets
50+	20+
Currency Indices
USD EUR GBP JPY AUD NZD
Cryptocurrency
Cryptocurrency CFDs are available on 11 popular digital coins for those using the international entity. Bitcoin is available, alongside popular altcoins like Avalanch and Dogecoin. Spreads are floating and minimum lot sizes from 0.01 are available.	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 ETH LTC 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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