Quotex vs Oanda
Quotex Review 2023 | OANDA Review 2023 |
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4.4
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4.3
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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. |
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 | |
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Cons | |
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Awards | |
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Instruments | |
Digital Options, Stocks, Forex, Commodities, Cryptos | Stocks, Spreadbetting, CFD, Forex, Crypto |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$10 | $0 |
Trading Platforms | |
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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 | |
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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 | |
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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 |
OANDA vs |