Quotex vs IronFX

Quotex vs IronFX Comparison Table 2023
Quotex Review 2023	IronFX Review 2023
Review 4.4	Review 3.8
Traders from US not accepted See available binary options brokers	Traders from US not accepted See available CFD brokers
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.	IronFX is a multi-regulated broker offering CFD trading on forex, stocks, indices and commodities through the MetaTrader 4 platform. The broker offers various account types with competitive pricing, including spreads from zero on STP/ECN accounts. Leverage varies by regulator between 1:30 and 1:1000.
Bonus Offer
30% Deposit Bonus	Traders can choose between: 100% unlimited Sharing Bonus – minimum $200 deposit. 40% Power Bonus up to $4,000 – minimum $500 deposit. 20% Iron Bonus up to $2,000 – minimum $100 deposit.
Comment by Reviewer
"Quotex is ideal for traders looking for a good range of digital options with high payouts and trading signals."	"IronFX is a good choice for beginner and intermediate forex traders looking to trade an extensive list of currencies with competitive spreads."
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	IronFX holds licenses with top-tier regulators A choice of welcome bonuses is available to new users The TradeCopier platform facilitates beginner-friendly copy trading Fixed and floating spread trading accounts are available High leverage up to 1:1000 is offered (location dependent)
Cons
No copy trading Leverage not offered Unregulated brokerage Only one account type	Relatively poor selection of non-forex assets No support for MetaTrader 5 platform Sizable fees charged to inactive accounts
Awards
	Best Online Trading Platform (2019) Best Broker of the Year (2019) Most Trustworthy Forex Broker Global (2019) Best Online Trading & Financial Services Company (2020) Best Online Forex Trading Platform (2021) International Online Currency Trading Platform of the Year (2021) Most Outstanding Online Trading Partners Program (2022)
Instruments
Digital Options, Stocks, Forex, Commodities, Cryptos	Forex, Indices, Shares, Futures, Commodities, Metals (all CFDs)
Demo Account
Yes	Yes
Minimum Deposit
$10	$100
Trading Platforms
Own	MT4 AutoChartist TradingCentral
Payment Methods
ADVcash Bitcoin Payments Credit Card Doku Wallet Ethereum Payments Maestro Mastercard Perfect Money Visa Wire Transfer	Bitcoin Payments Credit Card Debit Card FasaPay Neteller Perfect Money Skrill UnionPay Wire Transfer
Minimum Trade
$1	0.01 Lots
Regulator
	CySEC, FCA, FSCA, BMA / Bermuda
Margin Trading
No	Yes
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	Yes
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	Android, iOS, WebTrader
Auto Trading
No	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	TradeCopier allows aspiring investors to copy the strategies of top traders in real-time. Funds can be withdrawn at any time with real-time account management features.
Social Trading
No	Yes
Trade Signals
Yes	Yes
VPS Hosting
No	Yes
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	3%
Islamic Account
No	Yes
Account Currencies
USD EUR GBP INR MYR IDR RUB BRL THB VND UAH	USD EUR GBP AUD JPY PLN CZK
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	Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange
Commodities
Gold Oil Silver	Cocoa Coffee Copper Corn Cotton Gold Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat
CFD Trading
CFD trading not offered	IronFX's asset list of 300+ instruments including forex, stocks, commodities and indices are traded via CFDs. Spreads are floating and vary by account type, and maximum leverage from 1:30 to 1:1000 is available depending on your account location.
Leverage
	1:30 (FCA), 1:30 (CySEC), 1:500 (FSCA), 1:1000 (BM)
FTSE Spread
	From 140
GBPUSD Spread
	From 0.8
Oil Spread
	From 3
Stocks Spread
	Variable
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.	IronFX offers 80 currency pairs with an excellent selection of minors and exotics as well as majors. Trading takes place on the MT4 or a proprietary platform with spreads from zero available to ECN accounts. IronFX offers more currency assets than virtually all competitors.
GBPUSD Spread
N/A	From 0.8
EURUSD Spread
N/A	From 0.7
EURGBP Spread
N/A	From 0.9
Assets
20+	80+
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.	Crypto trading not offered
Spread
N/A
Coins
BTC LTC ETH XRP
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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