Quotex vs Upstox

Quotex vs Upstox Comparison Table 2023
Quotex Review 2023	Upstox Review 2023
Review 4.4	Review 2.9 Upstox is #36 in our broker rankings.
Traders from US not accepted See available binary options brokers	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
ADVcash Bitcoin Payments Credit Card Doku Wallet Ethereum Payments Maestro Mastercard Perfect Money Visa Wire Transfer	Google Wallet Wire Transfer
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
Australian Securities Exchange 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 London Stock Exchange Nasdaq S&P 500	Bombay Stock Exchange National Stock Exchange Of India
Commodities
Gold Oil Silver
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

Review	Review
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Quotex vs	Upstox vs