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.
Emirates NBD is a Dubai-based broker, established in 1963. The brand services 20+ million customers in over 13 countries and is recongized as a leading financial services provider in the UAE with AED 800+ billion in assets. Retail investors can speculate on four major markets including the Abu Dubai Securities Exchange (ADX).
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."
"Traders who want a reliable MENA brokerage with a choice of trading platforms and backing from an established bank should check out Emirates NBD."
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
The company is licensed by the Central Bank of the UAE and the Securities and Commodities Authority (SCA)
A convenient daily trading programme can be used to automate mutual fund investments with a minimum trade value of AED 8
Transparent pricing model with commission fees by exchange outlined plus a useful commission calculator
THARAA' loyalty program with tiered membership status and rewards for every completed transaction
A good choice of trading platforms with mobile app compatibility, plus telephone order execution
Customer support is available 24/7 via phone, email or online chat bot
Leveraged trading options available
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
Trading focused on the MENA region with limited global exposure
An Emirates NBD banking account is needed to deposit and withdraw
A AED 3000 minimum must be maintained across bank accounts
Slim investment offering with no forex trading
Mobile app navigation trails the best brokers
There is no demo account for new clients
There is limited education for beginners
Slow sign up process
Nasdaq Dubai's Retail Broker of the Month Award for April 202
Nasdaq Dubai's Retail Broker of the Month Award for February 2022
Nasdaq Dubai's Retail Broker of the Month Award for December 2021
5-Stars DFM Brokers Excellence Rating certification for the year 2020
Nasdaq Dubai's Retail Broker of the Month Award for June 2020
Nasdaq Dubai's Retail Broker of the Month Award for April 2019
Nasdaq Dubai's Retail Broker of the Month Award for February 2018
Digital Options on Stocks, Indices, Forex, Commodities, Cryptos
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 trading not offered
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.
Crypto trading not offered
Auto Market Maker
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.