Quotex vs IronFX
Quotex Review 2023 | IronFX Review 2023 |
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4.4
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3.8
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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 | |
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Cons | |
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Awards | |
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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 | |
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Payment Methods | |
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 | |
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Stock Exchanges | |
Commodities | |
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 | |
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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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More Comparisons | |
Quotex vs |
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