Quotex vs Upstox

Quotex vs Upstox Comparison Table 2023
Quotex Review 2023 Upstox Review 2023
4.4
2.9

Upstox is #36 in our broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US 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.

Upstox is an established Indian broker offering BSE, NSE and MCX stocks, alongside IPOs, mutual funds and futures. Registered with the Securities and Exchange Board of India (SEBI), this broker aims to offer affordable investment products to local clients, alongside powerful desktop and mobile platforms.

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." "Upstox will be a top pick for experienced Indian stock traders looking for thousands of equities, flat fees and sophisticated tools. We particularly rate the advanced features of the proprietary platform, Upstox Pro."
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
  • Transparent, flat pricing at INR 20 per order on stocks and no monthly maintenance charges
  • Fast and free funding methods via local bank transfer, Google Pay, cheque and more
  • 2-in-1 joint demat and trading accounts available with pre-included stock Smartlists
  • Decent education centre with YouTube series for beginners plus free online trading courses
  • Refer and earn scheme offering perks including zero commissions on mutual funds
  • Charting provided by TradingView with 104 technical indicators for advanced stock analysis
  • Back office (BO) system to access trading history
  • Free options P&L calculator & strategy builder
Cons
  • No copy trading
  • Leverage not offered
  • Unregulated brokerage
  • Only one account type
  • Charges for non-resident Indians (NRI)
  • Not as beginner-friendly as competitors
  • Digital gold has been discontinued
  • Limited leverage limits
  • No demo account
Instruments
Digital Options, Stocks, Forex, Commodities, Cryptos Stocks, Futures, Options
Demo Account
Yes No
Minimum Deposit
$10 INR 0
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
$1 INR 500
Regulator
SEBI
Margin Trading
No Yes
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 Yes
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 Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
No
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 No
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • INR
  • MYR
  • IDR
  • RUB
  • BRL
  • THB
  • VND
  • UAH
  • INR
Stock Exchanges
Commodities
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. Forex trading not offered
GBPUSD Spread
N/A
EURUSD Spread
N/A
EURGBP Spread
N/A
Assets
20+
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. Crypto trading not offered
Spread
N/A
Coins
  • BTC
  • LTC
  • ETH
  • XRP
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
More Comparisons
Quotex
vs
Upstox
vs