IG Group vs Quotex
IG Group | Quotex |
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4.4
IG Group is #3 in our CFD broker rankings. |
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4.4
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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 | |
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Cons | |
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Awards | |
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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 | |
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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 | |
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Stock Exchanges | |
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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. |
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GBPUSD Spread | |
0.9 | N/A |
EURUSD Spread | |
0.8 | N/A |
EURGBP Spread | |
0.9 | N/A |
Assets | |
80+ | 20+ |
Currency Indices | |
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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 | |
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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 |
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Forex trading involves risk. Losses can exceed deposits. | |
More Comparisons | |
IG Group vs |
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