Quotex vs Axi

Quotex vs Axi Comparison Table 2024
Quotex	Axi
Review 4.4	Review 3.7

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.	Axi is a global forex and CFD trading firm, founded in 2007 in Sydney, Australia. Highly leveraged trading opportunities plus a $0 minimum deposit make it a popular choice among 60,000+ traders worldwide. Axi also stands out for its resources, including copy trading and Autochartist.
	81.6% of retail investor accounts lose money when trading CFDs with this provider
Customer Reviews
4.5 Based on 12 Quotex customer reviews
Bonus Offer
30% Deposit Bonus
Comment by Reviewer
"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."	"Axi maintains its position as a top forex and CFD broker for seasoned traders, with more than 70 currency pairs, raw spreads and additional benefits for high-volume trading. Beginners will also appreciate the user-friendly copy trading service and free forex eBooks."
Pros
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	A strong range of advanced tools are available for experienced day traders, including the Autochartist market scanner, VPS solutions and exclusive MT4 NexGen features The broker's inactivity fee terms are fairly generous, only charging a $10 fee after a long inactivity period of 12 months - some brokers charge after only 3 months The broker’s free trading resources are geared towards short-term traders, including various market calendars and dividend forecast schedules Experienced traders can benefit from the Axi Select funded trader programme, offering funding up to $1 million and up to 90% profit share The $0 minimum deposit, zero-commission pricing structure, and user-friendly copy trading service will appeal to beginners Traders can choose between 10 base account currencies plus a wide range of free deposit methods, including cryptos Among other educational resources, there’s an excellent selection of free eBooks for newly registered beginners Axi is a well-regulated and established broker, with a strong track record since 2007
Cons
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	There's a limited choice of third-party charting platforms compared to other brands, with only MT4 available alongside the proprietary app The demo account expires after only 30 days - many alternative brokers that we test allow you to practice for 60 days or more The tightest round-trip commission fees of $3.50 are only available to those who can deposit $25,000 The Axi Select program requires a $500 minimum deposit to enter the first Seed stage
Awards
	Best EMEA Region Broker - ADVFN International Financial Awards, 2020 Best Forex Broker Middle East - forex-awards.com, 2019 Best Forex Broker Europe - forex-awards.com, 2019 Best MT4 Forex Broker - atozmarkets.com, 2019
Instruments
Digital Options on Stocks, Indices, Forex, Commodities, Cryptos	Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$10	$0
Trading Platforms
Web Platform Mobile App	MT4 AutoChartist DupliTrade
Payment Methods
Bitcoin Payments Credit Card Debit Card Ethereum Payments Maestro Mastercard Perfect Money Visa Wire Transfer	Alipay Boleto BPAY Credit Card Debit Card FasaPay Giropay iDeal JCB Card Maestro Mastercard Neteller PIX Payment POLi Skrill Sofort Visa Wire Transfer
Minimum Trade
$1	0.01 Lots
Regulator
	FCA, ASIC, DFSA, FMA
Margin Trading
No	Yes
STP Account
No	No
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	Yes
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	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	iOS & Android
App Review
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
4.1	3.4
iOS App Rating
4.2	2.5
Auto Trading
No	Myfxbook plus Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	After partnering with Pelican Trading, Axi remains a strong option for traders seeking a reputable copy trading service. The user-friendly app requires no minimum deposit and connects seamlessly to your MT4 trading account.
Social Trading
No	Yes
Trade Signals
Daily Trading Signals	Yes - on MT4
VPS Hosting
No	Yes
Tournaments
Yes	No
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0
Islamic Account
No	Yes
Account Currencies
USD EUR GBP INR JPY MYR IDR RUB BRL NGN THB VND UAH	USD EUR GBP CAD AUD JPY CHF HKD SGD
Stock Exchanges
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	Australian Securities Exchange (ASX) DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Nasdaq
Commodities
Gold Oil Silver	Cocoa Coffee Copper Gasoline Gold Natural Gas Oil Platinum Precious Metals Silver
CFD Trading
CFD trading not offered	Axi offers 220+ products covering forex, shares, commodities, indices and cryptos. Spreads on EUR/USD come in at around 0.2 pips in the Pro account and 1.1 pips in the Standard account. These are competitive and aligned with equivalent accounts at leading low-cost brokers like Pepperstone.
Leverage
	1:400
FTSE Spread
	from 100 (floating)
GBPUSD Spread
	from 0.6 pips (floating)
Oil Spread
	from 0 pips (floating)
Stocks Spread
	Variable
Forex Trading
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.	Axi continues to offer a strong selection of 70+ currency pairs - more than many top brokers including award-winner AvaTrade, with only 50+. There are no restrictions on trading strategies including algo trading and scalping, which will serve both short-term and long-term traders.
GBPUSD Spread
N/A	from 0.6 pips (floating)
EURUSD Spread
N/A	from 0.2 pips (floating)
EURGBP Spread
N/A	from 0.5 pips (floating)
Assets
20+	70+
Cryptocurrency
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.	The broker offers a strong selection of 30 popular cryptos paired with fiat currencies, other tokens and metals. The high leverage up to 1:200 will serve experienced crypto traders, whilst the zero-commission pricing structure will appeal to beginners.
Spread
N/A	Variable
Coins
BTC LTC ETH XRP	BCH BNB BTC LTC OMG FTT BTC BCH DOG LTC XLM AAVE COMP LRC MKR SUSHI UNI BAT CRV ENJ LNK MANA MATIC SAND XRP LNK XRP KSM AVAX ETH SOL XTZ ADA DOT EOS
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
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.	Binary options trading not offered
Payout
98%
Expiry Times
5 seconds - 4 hours
Ladder Options
No	No
Boundary Options
No	No

Review	Review
	81.6% of retail investor accounts lose money when trading CFDs with this provider
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