Quotex vs Robinhood

Quotex vs Robinhood Comparison Table 2024
Quotex	Robinhood
Review 4.4	Review 0.9 We do not recommend trading with Robinhood. Their business practices have harmed traders and their "free" trading offer has been criticized for actually costing their traders millions of dollars.

Quotex has been a top binary options broker since 2019, offering over 400 binaries across currencies, commodities, stocks, and crypto. With contracts spanning 5 seconds to 4 hours, short-term traders enjoy flexibility while payouts that exceed 95%, offer high potential returns. Continuously adapting to trader demands, Quotex provides a user-friendly platform for trading binaries.	Robinhood is a stock broker and financial services firm based in California. The broker offers commission-free stocks, cryptos and ETFs, plus other products such as cash cards and retirement accounts. Despite its robust regulation, Robinhood has been involved in numerous scandals and security breaches since 2020. We urge investors to exercise caution.
Customer Reviews
4.5 Based on 12 Quotex customer reviews	1 Based on 1 Robinhood customer reviews
Bonus Offer
30% Deposit Bonus
Comment by Reviewer
"Quotex is best for making short-term trades on popular markets. The payouts up to 98% are above average and enhancements to the platform have ensured it's easy to use for beginners. That said, the lack of regulatory oversight, limited education and weak support are key drawbacks."	"Robinhood is aimed at traders looking for stocks and crypto investing opportunities with additional perks. However, the brokerage's recent business practices mean the brand isn't a good option if you want a reliable and trustworthy broker."
Pros
Quotex maintains its position as an excellent choice for short-term binary trading with turbo contracts from 5 seconds Account funding is straightforward thanks to the wide range of payment methods, zero fees and intuitive cashier portal The platform continues to delivers a superb trading environment with strong charting tools for technical traders The $10 starting deposit and $1 minimum stake make Quotex.io accessible to beginners Daily signals are useful for finding opportunities, especially for newer traders	Intuitive mobile trading app with 24/7 live support and in-app stock market news Robinhood's 'Snacks' newsletter offers bite-sized financial news updates suitable for beginners Interesting podcast hosted by the CEO and co-founder, covering topics such as blockchain and financial empowerment Robinhood Cash Card offers weekly bonuses invested into stocks, as well as cashback on popular brands
Cons
Quotex is unregulated, which means traders may 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 has been weak during tests with no live chat and slow response times Quotex trails industry leaders when it comes to education and market research	Limited research and education tools compared to top-rated brokers like IG Previous lawsuits and negative press surrounding the firm's controversial business practices Despite the actual app showing quote data in real-time, data may be delayed by up to 20 minutes Robinhood does not support advanced order types or options trades, while limit orders are collared up to 5% Concerning history of security breaches
Instruments
Digital Options on Stocks, Indices, Forex, Commodities, Cryptos	Stocks, ETFs, ADRs
Demo Account
Yes	No
Minimum Deposit
$10	$0
Trading Platforms
Web Platform Mobile App	Robinhood Platform
Payment Methods
Bitcoin Payments Credit Card Debit Card Ethereum Payments Maestro Mastercard Perfect Money Visa Wire Transfer	ACH Transfer Apple Pay Automated Customer Account Transfer Service Credit Card Debit Card Google Wallet
Minimum Trade
$1	$1
Regulator
	SEC, FCA
Margin Trading
No	No
Margin Rate
	2.5%
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
App Review
Quotex offers a fully-featured trading app that’s packed with helpful tools, from dynamic charting to in-built signals. It follows the same user-friendly design as the desktop platform, ensuring a smooth transition whether you’re trading from a computer, tablet or mobile device. And with over 1 million downloads and at least 4/5 on the Apple App Store and Google Play Store, it’s proven popular with all types of mobile traders.
Android App Rating
4.1
iOS App Rating
4.2
Auto Trading
No	No
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Daily Trading Signals
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	$0
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 (ASX) 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
Commodities
Gold 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 reasonable, climbing to over 80% on the EUR/USD during testing.	Forex trading not offered
GBPUSD Spread
N/A
EURUSD Spread
N/A
EURGBP Spread
N/A
Assets
20+
Cryptocurrency
Quotex only offers binary options trading on a handful of cryptos. Yet while the range of digital currencies is narrow, there are leading tokens, including Bitcoin, Litecoin and Ethereum. Payouts on cryptocurrencies are also above average based on routine tests.	Access 18 crypto assets through the Robinhood app with no commission fees, including access to Bitcoin. On the negative side, the selection is not as wide as other brands and security is weak.
Spread
N/A	0%
Coins
BTC LTC ETH XRP	BTC ETH BCH LTC SOL DOGE BTG OMG XMR QTUM DASH XRP XLM ZEC NEO LSK
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Quotex continues its streak near the top of the industry with ultra-short-term binaries on hundreds of assets. The binary broker provides a web platform that delivers a terrific user experience with a clean design, multiple charting styles, dozens of indicators and daily signals.	Binary options trading not offered
Payout
98%
Expiry Times
5 seconds - 4 hours
Ladder Options
No	No
Boundary Options
No	No

Review	Review
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