Quotex vs Firstrade

Quotex vs Firstrade Comparison Table 2023
Quotex Review 2023	Firstrade Review 2023
Review 4.4	Review 4 Firstrade is #23 in our broker rankings.
Traders from US not accepted See available binary options brokers	Traders from US accepted
Quotex is an offshore broker specializing in binary options across 400+ assets. Founded in 2019, the broker is popular for its user-friendly web platform and competitive payouts up to 98%. New traders can also claim a welcome deposit bonus.	Firstrade is a US-headquartered discount broker-dealer with authorization from the SEC. The company is also a member of FINRA/SIPC. With welcome bonuses, powerful tools and apps, plus commission-free trading, Firstrade Securities is a popular online brokerage. It is also quick and easy to open a new account.
Bonus Offer
30% Deposit Bonus	Deposit Bonus Up To $4000
Promotions
	Get $200 In Transfer Fee Rebates When You Switch To Firstrade
Comment by Reviewer
"Quotex is ideal for traders looking for a good range of digital options with high payouts and trading signals."	"We recommend Firstrade for beginner investors looking to trade US stocks with no commissions. There is a wealth of free education plus premium-quality research and trading ideas from Morningstar, Briefing.com, Zacks and Benzinga."
Pros
Own brand online platform with easy-to-use interface $10 minimum deposit and no withdrawal fees Global access in different languages Unlimited trading signals 30% deposit bonus Beginner-friendly Crypto payments 98% payouts	SIPC member Low OTC fees Crypto trading Premarket trading Accepts US traders No minimum deposit Commission-free investing Regulated by SEC and FINRA Multiple customer support options Access to education, research, and tools Stop limit and trailing stop orders supported Mobile app with advanced features and analysis
Cons
No copy trading Leverage not offered Unregulated brokerage Only one account type	No copy trading Some withdrawal fees No 24/7 customer support No forex or futures trading No demo/paper trading account Visa Credit/debit card deposits and withdrawals not accepted
Awards
	Best for ETF & Active Investor Commission & Fees - 2019
Instruments
Digital Options, Stocks, Forex, Commodities, Cryptos	Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed
Demo Account
Yes	No
Minimum Deposit
$10	$0
Trading Platforms
Own	Own
Payment Methods
ADVcash Bitcoin Payments Credit Card Doku Wallet Ethereum Payments Maestro Mastercard Perfect Money Visa Wire Transfer	ACH Transfer Automated Customer Account Transfer Service Cheque Wire Transfer
Minimum Trade
$1	$1
Regulator
	SEC, FINRA
Margin Trading
No	Yes
Margin Rate
	4.50%
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
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	No
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
No
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	Yes
Guaranteed Stop Loss
No	No
Inactivity Fee
$0
Islamic Account
No	No
Account Currencies
USD EUR GBP INR MYR IDR RUB BRL THB VND UAH	USD
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 London Stock Exchange Nasdaq S&P 500	Nasdaq New York Stock Exchange
Commodities
Gold Oil Silver
Forex Trading
Over 20 forex pairs are available via digital options. Payouts are decent and climb to 82% on the EUR/USD. Go up or down on popular currencies, including all the majors.	Forex trading not offered
GBPUSD Spread
N/A
EURUSD Spread
N/A
EURGBP Spread
N/A
Assets
20+
Cryptocurrency
Trade a handful of the top cryptos at Quotex with up/down binaries. Popular tokens including Bitcoin, Litecoin and Ethereum are available and traders can use the web-friendly platform or mobile app.	Take positions on dozens of leading cryptocurrencies with low fees and 24/7 investing. Traders need just $1 to start speculating on popular tokens like Bitcoin. Clients can also buy cryptos instantly in a few straightforward steps.
Spread
N/A	Variable
Coins
BTC LTC ETH XRP	ALGO AVAX BAT BTC BCH ADA LINK ATOM CRO CRV MANA DOGE ETH ETC FTM LTC LRC MATIC REN SHIB SOL XLM SUSHI GRT UNI YFI
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Quotex offers short-term binary options on a decent range of financial markets with market signals to inform trading decisions. Users can bet on rising and falling prices with up/down binaries that span 5 seconds to 4 hours.	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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