Quotex vs Eightcap

Quotex vs Eightcap Comparison Table 2023
Quotex Eightcap
4.4
4.6
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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.

Eightcap is a forex and CFD broker founded in Australia in 2009. The brand is popular with serious day traders for its raw spreads on 1000+ instruments and advanced MetaTrader platforms. With five global offices and ASIC regulation, Eightcap has built a strong reputation. New traders can also sign up for a live account in just a few minutes.

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." "Eightcap is great for day traders familiar with MT4 and MT5 and looking to trade forex and CFDs in a secure environment. The brand is also a great pick for crypto traders with 100+ derivatives, a sophisticated market scanner, plus Bitcoin and Tether deposits."
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
  • Sophisticated platforms including MetaTrader 4 and TradingView
  • Flexible and fee-free payment methods including cryptocurrencies
  • Raw spreads from 0.0 pips and a low $3.5 commission will appeal to active traders
  • 100+ crypto derivatives, more than most brokers, including crypto crosses and indices
  • Strong trading education and analysis including forex guides and online webinars
  • Cryptocrusher market scanner with sentiment indicators, news and short term trading signals
  • AI-powered economic calendar with top-level insights, in partnership with Acuity
  • Good for day trading with ECN pricing, strong charting tools and automated trading software
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
  • Cryptocrusher platform not available for Australian clients
  • Demo account can only be extended upon request
  • Only four commodities available
Awards
  • Best Forex Broker 2023 - DayTrading.com
  • Best Cryptocurrency Broker 2023 - DayTrading.com
  • Best MT4/MT5 Broker 2022 - DayTrading.com
  • Best Global Forex MT4 Broker 2020 - Global Forex Awards
Instruments
Digital Options on Stocks, Indices, Forex, Commodities, Cryptos CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account
Yes Yes
Minimum Deposit
$10 $100
Trading Platforms
  • Web Platform
  • Mobile App
  • MT4
  • MT5
  • TradingView
Payment Methods
Minimum Trade
$1 0.01 Lots
Regulator
None FCA, ASIC, CySEC, SCB
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 Capitalise.ai, Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Daily Trading Signals Cryptocrusher - signals for cryptocurrencies
VPS Hosting
No Yes
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $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
  • NZD
  • SGD
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Trade over 800 CFDs on popular indices, shares, forex, cryptos and commodities. Clients get premium liquidity and superior execution with servers in leading data centres. Eightcap also offers more choice than most competitors in terms of platforms with MT4, MT5 and TradingView.
Leverage
1:500
FTSE Spread
1.2
GBPUSD Spread
1.0
Oil Spread
0.03
Stocks Spread
$4 round turn
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. Trade 50+ major, minor and exotic pairs with an award winning platform. Users get institutional-level prices with spreads from 0.0 pips and low commissions. The VPS will also serve high-volume, active day traders.
GBPUSD Spread
N/A 1.0
EURUSD Spread
N/A 1.0
EURGBP Spread
N/A 1.0
Assets
20+ 50+
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. Eightcap offers Crypto-CFDs with over 100 crypto-backed derivatives, more than many rivals. Bitcoin spreads are also lower than most brokers coming in at 12, while the market scanner is a unique and powerful trading aid.
Spread
N/A From $0
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • BTC
  • ETH
  • XRP
  • ADA
  • DOGE
  • BNB
  • LTC
  • TRX
  • BCH
  • XRP
  • EOS
  • DOT
  • LINK
  • MATIC
  • SHIB
  • BSV
  • VET
  • AXS
  • NEO
  • SOL
  • XLM
  • UNI
  • DASH
  • AAVE
  • KSM
  • THETA
  • CAKE
  • SUSHI
  • ATOM
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
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