Quotex vs Mitrade

Quotex vs Mitrade Comparison Table 2023
Quotex Review 2023	Mitrade Review 2023
Review 4.4	Review Not Yet Rated
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.	Mitrade is a regulated Australian brokerage firm with a range of CFDs and forex pairs, providing leveraged trading to retail and professional clients.
Bonus Offer
30% Deposit Bonus	$50 welcome bonus
Comment by Reviewer
"Quotex is ideal for traders looking for a good range of digital options with high payouts and trading signals."
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
Cons
No copy trading Leverage not offered Unregulated brokerage Only one account type
Instruments
Digital Options, Stocks, Forex, Commodities, Cryptos	Stocks, CFD, Forex, Crypto
Demo Account
Yes	Yes
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	Credit Card Debit Card Mastercard POLi Skrill Visa Wire Transfer
Minimum Trade
$1	0.01 Lots
Regulator
	ASIC
Margin Trading
No	No
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	No
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	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
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 AUD
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 Deutsche Boerse Euronext Hong Kong Stock Exchange Japan Exchange Group New York Stock Exchange
Commodities
Gold Oil Silver
CFD Trading
CFD trading not offered	Mitrade offers a wide range of CFDs, encompassing cryptocurrencies, foreign exchange, commodities, shares and equity indices.
Leverage
	1:30 (Retail), 1:250 (Pro)
FTSE Spread
	3
GBPUSD Spread
	1.5
Oil Spread
	0.05
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.	A wide range of major, minor and exotic currency pairs are available with leverage through Mitrade's proprietary web-based trading platform.
GBPUSD Spread
N/A	1.5
EURUSD Spread
N/A	1
EURGBP Spread
N/A	1.2
Assets
20+	60
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.	Mitrade offers CFD trading in four major cryptocurrencies against the US dollar.
Spread
N/A	Variable
Coins
BTC LTC ETH XRP	BTC BCH ETH LTC
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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