Your capital is at risk. Trade only with funds you can afford to lose.
Quotex
#3 in our binary options broker rankings
Accepts traders from Tonga
Rating breakdown
- Regulation & trust1.50.5 lower than OctaFX (2.0)
- Assets & markets2.50.7 higher than OctaFX (1.8)
- Fees & costs4.01.7 higher than OctaFX (2.3)
- Platforms & tools3.51.5 higher than OctaFX (2.0)
- Accounts & banking3.31.3 higher than OctaFX (2.0)
- Education3.30.5 higher than OctaFX (2.8)
- Research1.51.0 lower than OctaFX (2.5)
- Customer support1.50.3 lower than OctaFX (1.8)
OctaFX’s score. Numbers show the difference.
OctaFX
#69 in our CFD broker rankings
Accepts traders from Tonga
Rating breakdown
- Regulation & trust2.00.5 higher than Quotex (1.5)
- Assets & markets1.80.7 lower than Quotex (2.5)
- Fees & costs2.31.7 lower than Quotex (4.0)
- Platforms & tools2.01.5 lower than Quotex (3.5)
- Accounts & banking2.01.3 lower than Quotex (3.3)
- Education2.80.5 lower than Quotex (3.3)
- Research2.51.0 higher than Quotex (1.5)
- Customer support1.80.3 higher than Quotex (1.5)
Quotex’s score. Numbers show the difference.
| Quotex | OctaFX | |
|---|---|---|
| Overview | Established in 2019, Quotex is a broker that offers 100+ assets, including forex, stocks, indices, commodities, and cryptocurrencies. The platform emphasizes user-friendly features, complete with short-term contracts that span 5 seconds to 4 hours alongside payouts that can reach 98%. | OctaFX is an award-winning forex and CFD broker, founded in 2011. The Cyprus-based entity is regulated by the CySEC while the offshore branch is registered with SVGFSA. The ECN broker offers competitive trading conditions on its 80+ financial instruments, with tight spreads from 0.2 pips, fast execution speeds of 0.1 second and flexible leverage. OctaFX also offers two industry-leading platforms in MetaTrader 4 and MetaTrader 5, plus an in-house copy trading solution. |
| Customer Reviews | Based on 22 customer reviews | Based on 9 customer reviews |
| Bonus Offer | 30% Deposit Bonus | Up to 50% deposit bonus |
| Comment by Reviewer | “Quotex may suit active traders seeking fast, fixed-return trades with above-average payouts of up to 98%. The fast, fully digital onboarding process and low $10 minimum deposit also make it especially accessible for aspiring traders. The binary platform is regularly improved, featuring daily trading signals and a genuinely intuitive interface.” | “OctaFX is a great pick for traders of all experience levels. Seasoned day traders will appreciate the ECN model with fast execution and tight spreads, while beginners will rate the user-friendly copy trading platform and low minimum deposit.” |
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| Awards | – |
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| Instruments | Binary Options on Stocks, Indices, Forex, Commodities, Cryptos | Forex, CFDs, indices, commodities, cryptocurrencies |
| Demo Account | Yes | Yes |
| Minimum Deposit | $10 | $100 |
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| Payment Methods | ||
| Minimum Trade | $1 | 0.01 Lots |
| Regulator | – | SVGFSA, CySEC |
| Margin Trading | No | Yes |
| STP Account | No | No |
| ECN Account | No | Yes |
| 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 | Yes | No |
| P2P Trading | No | No |
| Spot Trading | No | Yes |
| Mobile Apps | Android, iOS via progressive web app | Yes (iOS & Android) |
| App Review | Quotex offers a fully-featured trading app that's packed with helpful tools, from dynamic charting to signals. It follows the same user-friendly design as the web-based desktop platform, ensuring a smooth transition whether you're trading from a computer, tablet or mobile device. The flexible design with light and dark modes is a nice touch. | OctaFX offers a user-friendly trading platform that can be used to take positions on major and minor currency pairs. Copy trading is also available via the broker’s in-house mobile application. |
| Android App Rating | ||
| iOS App Rating | – | |
| Auto Trading | No | Yes |
| Copy Trading | Yes | Yes |
| Copy Trading Platform | Quotex offers binary copy trading with an integrated tab in the platform that shows recent trades from other users. The appeal is the ability to replicate experienced traders on one of the most established binary platforms. Still, there was limited data on copy traders and their strategies during our latest tests, so caution is required. | Copy trading at OctaFX is offered through a proprietary platform and mobile app, as well as integration via the MetaTrader suites. Users can easily diversify portfolios by copying the most profitable traders. Track professionals and their performance live for smart investing, control your portfolio and view how your funds are invested and manage risks in real time. |
| Social Trading | No | Yes |
| Trade Signals | Daily Trading Signals | Yes (EAs) |
| VPS Hosting | No | Yes |
| Tournaments | Yes | No |
| Demo Competitions | No | Yes |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | 1% of daily balance (min $1/day) after 180 days of inactivity | $0 |
| Islamic Account | No | Yes |
| Account Currencies |
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| Stock Exchanges | ||
| Commodities | ||
| CFD Trading | ||
| Overview | CFD trading not offered | OctaFX offers leveraged CFDs on popular asset classes spanning forex, indices, commodities and cryptos. Traders benefit from ultra-fast execution speeds, reliable trading tools and zero commissions. There are also no restrictions on strategies, including hedging, scalping and automated trading. |
| Leverage | – | 1:30 (EU), 1:500 (Global) |
| FTSE Spread | – | 1.8 |
| GBPUSD Spread | – | 1.1 |
| Oil Spread | – | 0.7 |
| Stocks Spread | – | Variable |
| Forex Trading | ||
| Overview | You can trade binaries on 40+ currency pairs including majors, minors and exotics. This is a smaller range of forex assets than some competitors but payouts are reasonable, climbing to over 80% on the EUR/USD during testing. | OctaFX offers leveraged trading on dozens of currencies with competitive spreads that average 0.9 pips on the EUR/USD. Clients also benefit from high-quality research from the team's analysts with insights into forex trends and news events, alongside technical analysis. |
| GBPUSD Spread | N/A | 1.1 |
| EURUSD Spread | N/A | 0.7 |
| EURGBP Spread | N/A | 2.1 |
| Assets | 40+ | 35 |
| Cryptocurrency | ||
| Overview | Quotex only offers binary options trading on a modest handful of major cryptos like Bitcoin, Ethereum and Litecoin. However, it excels for crypto payouts, which stayed high during our tests in peak sessions, reaching 94% on Bitcoin. It’s also got one of the easiest to use platforms for beginner crypto binary traders. | Trade 30+ popular digital currencies paired with the USD, including big tokens like Bitcoin and Ethereum. EU traders can access 1:2 leverage while global traders can access rates of up to 1:25 on major tokens. Cryptos can be traded around the clock, including on weekends. |
| Spread | N/A | Variable |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
| Binary Options | ||
| Overview | Quotex continues its streak near the top of the industry with ultra-short-term binaries on a growing selection of 400+ assets and payouts up to 98%. The firm provides a web platform that delivers a smooth user experience with a clean design, multiple charting styles, dozens of indicators and daily signals for actionable trading ideas. | Binary options trading not offered |
| Payout | 98% | – |
| Expiry Times | 5 seconds - 4 hours | – |
| Ladder Options | No | No |
| Boundary Options | No | No |