Quotex vs Nadex

Quotex vs Nadex Comparison Table 2023
Quotex	Nadex
Review 4.4	Review 4.3 Nadex is #10 in our binary options broker rankings.
Traders from US not accepted See available binary options brokers	Traders from US accepted
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.	Nadex is a renowned exchange and binary options provider, based in the US. The company is fully regulated by the CFTC and offers options, call spreads and Knock Out contracts. Nadex also has just a $1 entry or exit fee and a user-friendly platform and proprietary app.
Bonus Offer
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."	"Users looking to trade short-term binary options with a US-regulated broker will find a good platform in Nadex."
Pros
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	Free demo account for new users US regulated exchange with excellent trust score Proprietary mobile app with good range of indicators and charting tools Extensive educational resources for those new to binary options trading A range of timeframes that will suit both short and longer term strategies
Cons
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	No MT4 or MT5 platform integration No welcome bonuses or financial incentives Narrow selection of cryptocurrencies to trade Products and tools are more advanced than some alternatives
Instruments
Digital Options on Stocks, Indices, Forex, Commodities, Cryptos	Binary Options, Knock Outs™, Call Spreads
Demo Account
Yes	Yes
Minimum Deposit
$10	$250
Trading Platforms
Web Platform Mobile App	Own
Payment Methods
Bitcoin Payments Credit Card Debit Card Ethereum Payments Maestro Mastercard Perfect Money Visa Wire Transfer	ACH Transfer Cheque Debit Card Mastercard Visa Wire Transfer
Minimum Trade
$1	$1
Regulator
None	CFTC
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
Android	NadexGO
Auto Trading
No	Yes
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Daily Trading Signals	Yes
VPS Hosting
No	No
Tournaments
Yes	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	$10
Islamic Account
No	No
Account Currencies
USD EUR GBP INR JPY MYR IDR RUB BRL NGN 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 Nasdaq S&P 500	DAX GER 40 Index Dow Jones FTSE UK Index Japan Exchange Group Nasdaq S&P 500 Shenzhen Stock Exchange
Commodities
Gold Oil Silver	Gold Natural Gas Oil Silver
Forex Trading
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.	Speculate on 11 popular currency pairs via Knock Out contracts, call spreads and binary options. Nadex offers a wider range of timeframes than most binary options brokers, with contracts spanning from intraday to weekly.
Forex App
	NadexGO allows trading whenever, wherever, and however traders want. Specializing in short term trading, the mobile app needs to offer quick response times, and certainly delivers. It is also reliable and secure, ensuring traders can trade with confidence on the move. NadexGo is a rock solid trading app.
GBPUSD Spread
N/A	0.25 pips Var
EURUSD Spread
N/A	0.25 pips Var
EURGBP Spread
N/A	0.25 pips Var
Assets
20+	11
Cryptocurrency
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.	Nadex offers a limited list of cryptos with just Bitcoin and Ethereum. Traders can go long or short though with straightforward binary options contracts that mean you don't need to own the underlying token.
Spread
N/A	Variable
Coins
BTC LTC ETH XRP	BTC ETH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
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.	Nadex offers real-time market action with short-term binary options trading. The range of markets is strong with just a $1 fixed fee per side, per contract. Nadex also offers ultra-short term binaries that expire after 5 seconds.
Payout
98%	Exchange (See Full Review)%
Expiry Times
5 seconds - 4 hours	5 seconds - 1 week
Ladder Options
No	No
Boundary Options
No	Yes

Review	Review
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