IG Group vs Quotex

IG Group vs Quotex Comparison Table 2023
IG Group Quotex
4.4

IG Group is #3 in our CFD broker rankings.

4.4
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.

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.

Forex trading involves risk. Losses can exceed deposits.
Bonus Offer
30% Deposit Bonus
Comment by Reviewer
"IG offers a superb all-round package. Beginners will appreciate the user-friendly web platform and secure trading environment while established investors will rate the 17,000+ markets and top-tier market research." "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
  • IG is an LSE-listed company with a transparent financial history and a great track record
  • Over 17,000 assets are available spanning stocks, forex, commodities, baskets, futures, options and more
  • IG offers great educational materials including an extensive library of training and support on how to day trade successfully
  • Users have access to a comprehensive range of charts, market news, client sentiment data, and analysis tools
  • Share dealing and ISAs are available for longer term investing
  • Opening an account takes less than 5 minutes
  • 24/5 customer support is available
  • 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
  • Inactivity charge
  • No copy trading platform
  • 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
Awards
  • Best Customer Service 2022 - Online Money Awards
  • Best Spread Betting Provider 2022 - Online Money Awards
  • Best Platform for the Active Trader 2022 - ADVFN International Financial Awards
  • Best Multi Platform Provider 2022 - ADVFN International Financial Awards
  • Best Finance App 2022 - ADVFN International Financial Awards
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Digital Options on Stocks, Indices, Forex, Commodities, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$0 $10
Trading Platforms
  • MT4
  • AutoChartist
  • TradingCentral
  • Web Platform
  • Mobile App
Payment Methods
Minimum Trade
0.01 Lots $1
Regulator
FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA None
Margin Trading
Yes No
Margin Rate
2.5%
STP Account
No No
ECN Account
No No
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
Yes No
Negative Balance Protection
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android Android
Auto Trading
Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime 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
Yes No
Custodial Account
No No
Guaranteed Stop Loss
Yes No
Inactivity Fee
$12 $0
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • SEK
  • DKK
  • CHF
  • HKD
  • SGD
  • USD
  • EUR
  • GBP
  • INR
  • JPY
  • MYR
  • IDR
  • RUB
  • BRL
  • NGN
  • THB
  • VND
  • UAH
Stock Exchanges
Commodities
CFD Trading
IG offers an impressive suite of 17,000+ CFD instruments. Negative balance protection ensures accounts cannot drop below zero while custom price alerts and the IG Academy enhance the trading experience. CFD trading not offered
Leverage
1:30 (Retail), 1:250 (Pro)
FTSE Spread
1.0
GBPUSD Spread
0.9
Oil Spread
2.8
Stocks Spread
0.02
Forex Trading
IG offers currency trading on its award-winning web platform and mobile app. Comprehensive charts and forex analysis tools are also available through ProRealTime. 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.
Forex App

IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user friendly layout, access to full charting and a stable and reliable application. Top marks.

GBPUSD Spread
0.9 N/A
EURUSD Spread
0.8 N/A
EURGBP Spread
0.9 N/A
Assets
80+ 20+
Currency Indices
  • USD
Cryptocurrency
11 popular cryptos are available, plus two crypto crosses. A crypto index is also offered, following the value of the top 10 digital currencies by market cap. All cryptos are available via CFDs. 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
Variable N/A
Coins
  • BTC
  • BCH
  • LTC
  • ETH
  • ADA
  • DOT
  • DOGE
  • LINK
  • UNI
  • XLM
  • 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 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
Yes No
Boundary Options
No No
Forex trading involves risk. Losses can exceed deposits.
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