Quotex vs Axi

Quotex vs Axi Comparison Table 2023
Quotex	Axi
Review 4.4	Review 3.7
Traders from US not accepted See available binary options brokers	Traders from US not accepted See available CFD brokers
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.	Axi is a global forex and CFD trading firm, trusted by investors around the world. Highly leveraged trading opportunities plus a $0 minimum deposit make it a popular broker with beginners and seasoned traders. Axi also stands out for its resources, including copy trading and Myfxbook.
	81.6% of retail investor accounts lose money when trading CFDs with this provider
Bonus Offer
30% Deposit Bonus
Comment by Reviewer
"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."	"Axi will appeal to forex traders in particular with more than 70 currency pairs, ultra-fast execution speeds and no restrictions on trading strategies, including EAs."
Pros
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	Highly regulated – traders can be assured the broker is not operating a scam Axi Select funded accounts with up to $1M and a 90% profit share Stock CFDs in US, UK and European markets $0 minimum deposit will appeal to beginners Award-winning brand with 60,000+ users Around the clock customer support Autochartist and Myfxbook tools MT4 NexGen software 1:200 crypto leverage
Cons
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	Crypto CFDs are only available to professional clients Demo account expires after 30 days Limited choice of trading platforms
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	Boleto Credit Card Debit Card FasaPay JCB Card Maestro Mastercard Neteller PIX Payment Skrill Visa Wire Transfer
Minimum Trade
$1	0.01 Lots
Regulator
None	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
Android	iOS & Android
Auto Trading
No	Myfxbook plus Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	After partnering with Pelican Trading, Axi has launched a user-friendly copy trading service that provides access to more than 30 products across popular financial markets.
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 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 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	Trade CFDs with dynamic leverage on a multitude of markets, including forex, shares, indices and commodities. Raw spreads are available from 0 pips rivalling leading competitors.
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 decent, climbing to over 80% on the EUR/USD.	Axi offers a great selection of 70+ major, minor and exotic currency pairs. There are no restrictions on trading strategies and the broker boasts impressive spreads by connecting to 20 liquidity sources.
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 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.	Axi offers all the well-known cryptos paired with fiat currencies, other tokens and metals. High leverage up to 1:200 is available on digital currency trades and users can deploy various strategies, from scalping to position trading.
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 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.	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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