Quotex vs Oanda

Quotex vs OANDA Comparison Table 2023
Quotex Review 2023 OANDA Review 2023
4.4
4.3
United States Flag Traders from US not accepted
United States Flag Traders from US not 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.

OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It has proven a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO.

Bonus Offer
30% Deposit Bonus
Comment by Reviewer
"Quotex is ideal for traders looking for a good range of digital options with high payouts and trading signals." "OANDA will serve traders looking for a trustworthy broker with a beginner-friendly platform, best in class research and straightforward account opening. The $0 minimum deposit makes it especially attractive to newer traders and those on a budget."
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
  • Oversight from tier-one regulators make the broker a reliable and trustworthy broker
  • The guaranteed stop loss order (GSLO) is a useful risk management tool not available at many alternatives
  • We found the OANDA web platform easy to learn and rated the sophisticated charting tools
  • The brand has an excellent reputation and 25 years experience with a string of awards
  • No restrictions on trading strategies with scalping, hedging and netting permitted
  • The $0 minimum deposit will appeal to newer traders
  • With 68 forex pairs the broker will serve active forex traders
  • Spreads are tight and there are zero hidden fees
Cons
  • No copy trading
  • Leverage not offered
  • Unregulated brokerage
  • Only one account type
  • There is a narrow range of payment methods with no PayPal
  • High-volume traders get limited fee rebates or perks
  • Weekend customer support isn't available
  • Social and copy trading tools aren't supported
Awards
  • Best Trading Tools winner 2021 - Online Personal Wealth Awards
  • Awarded highest overall client satisfaction 2021 - Investment Trends US Leverage Trading Report, Margin Forex
  • Awarded highest client satisfaction for mobile platform/app 2021 - Investment Trends US Leverage Trading Report, Margin Forex
  • Voted Most Popular Broker 2021 - TradingView Broker Awards
  • Voted Best Forex and CFD Broker 2021 - TradingView Broker Awards
Instruments
Digital Options, Stocks, Forex, Commodities, Cryptos Stocks, Spreadbetting, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$10 $0
Trading Platforms
  • Own
  • MT4
  • MT5
  • TradingView
  • AutoChartist
Payment Methods
Minimum Trade
$1 $0
Regulator
FCA, ASIC, MFSA, MAS, CIRO, FFAJ, BVI
Margin Trading
No Yes
Margin Rate
2%
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 Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android OANDA Trade, MT4
Auto Trading
No Expert Advisors (EAs) on MetaTrader
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 No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$0 $0
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • INR
  • MYR
  • IDR
  • RUB
  • BRL
  • THB
  • VND
  • UAH
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Speculate on popular financial assets covering forex, commodities, indices, metals and bonds. Clients can trade CFDs on the award-winning MT4 platform or the firm's beginner-friendly web trader.
Leverage
1:30
FTSE Spread
1.0
GBPUSD Spread
1.4
Oil Spread
3.0
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. OANDA offers 68 currency pairs, more than most forex brokers, covering majors, minors and exotics. The OANDA Trade platform also offers powerful technical analysis tools while average execution speeds are fast at 12 ms.
GBPUSD Spread
N/A 1.4
EURUSD Spread
N/A 0.8
EURGBP Spread
N/A 0.9
Assets
20+ 68
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. OANDA offers trading on leading cryptocurrencies, including Bitcoin. We rate the low fees which start at 0.25% and that you can place trades in the app hassle-free.
Spread
N/A $100
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • BTC
  • ETH
  • LTC
  • BCH
  • PAXG
  • LINK
  • UNI
  • AAVE
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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