Skilling vs Quotex

Skilling vs Quotex Comparison Table 2023
Skilling	Quotex
Review 4.7	Review 4.4
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available binary options brokers
Skilling is a multi-asset broker founded in 2016 and based in Cyprus. The brand offers hundreds of day trading instruments with competitive spreads from 0.1 pips and beginner-friendly platforms. Skilling are also regulated in Europe and beyond with a transparent pricing structure. Sign up and start trading in three easy steps.	Quotex is a binary options broker founded in 2019 and based offshore in St. Vincent and Grenadines. Over 400 digital options are available covering currencies, commodities, stocks and crypto. Binary contracts span 5 seconds to 4 hours with high payouts of 95%+ depending on market conditions.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Bonus Offer
	30% Deposit Bonus
Comment by Reviewer
"Skilling is a top pick for beginners looking for user-friendly charting platforms, copy trading features and engaging educational resources to learn as you invest."	"Quotex is best for making short-term bets on popular markets. The payouts up to 98% are above average and the platform is easy to use. That said, the lack of regulatory oversight, education and weak support are drawbacks."
Pros
There's a full suite of short-term investments and the range of 73 currency pairs is particularly strong for short-term traders Traders can access a good range of payment methods with zero deposit fees The broker has a good reputation and is licensed by the CySEC and FSA The €100 deposit and zero commissions in the Standard account are accessible for beginners Skilling offers a proprietary copy trading solution for day traders looking for an investing community Excellent third-party charting platforms on offer including MT4 and cTrader	Quotex is excellent for short-term binary trading with turbo contracts from 5 seconds Account funding is straightforward thanks to the wide range of payment methods and zero fees The platform delivers a superb user experience with a strong charting package The $10 starting deposit and $1 minimum stake make Quotex.io great for beginners Daily signals are useful for finding opportunities
Cons
There aren't many research and analysis tools available to help day traders make informed decisions You can only access shares in the Skilling Trader platform and fewer instruments are available overall in the MT4 accounts	Quotex is unregulated, which means traders 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 was weak during testing with no live chat and slow response times Quotex trails industry leaders when it comes to education and market research
Awards
Best Forex Trading Platform - Global Forex Awards 2022
Instruments
Forex, CFDs, Stocks, Indices, Commodities and Cryptos	Digital Options on Stocks, Indices, Forex, Commodities, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$100	$10
Trading Platforms
Skilling Trader MT4 cTrader TradingView	Web Platform Mobile App
Payment Methods
Apple Pay Klarna Mastercard Neteller PayPal Skrill Trustly Visa Wire Transfer	Bitcoin Payments Credit Card Debit Card Ethereum Payments Maestro Mastercard Perfect Money Visa Wire Transfer
Minimum Trade
0.01 Lots	$1
Regulator
CySEC, FSA	None
Margin Trading
Yes	No
STP Account
Yes	No
ECN Account
No	No
DMA Account
No	No
MAM Account
Yes	No
PAMM Account
Yes	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	Android
Auto Trading
Expert Advisors (EAs) on MetaTrader	No
Copy Trading
Yes	No
Copy Trading Platform
Copy trading is available through Skilling Copy. 800+ strategies can be mirrored on the award-winning platform. Strategy providers can also use the service to generate an additional revenue stream.
Social Trading
Yes	No
Trade Signals
	Daily Trading Signals
VPS Hosting
No	No
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	$0
Islamic Account
Yes	No
Account Currencies
USD EUR GBP SEK NOK	USD EUR GBP INR JPY MYR IDR RUB BRL NGN THB VND UAH
Stock Exchanges
Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq Nasdaq Nordic & Baltics National Stock Exchange Of India New York Stock Exchange S&P 500 SIX Swiss Exchange	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 Nasdaq S&P 500
Commodities
Aluminium Cocoa Coffee Copper Corn Cotton Gasoline Gold Natural Gas Nickel Oil Palladium Platinum Silver Soybeans Sugar Wheat Zinc	Gold Oil Silver
CFD Trading
Take positions on hundreds of CFDs covering stocks, indices, forex and commodities. Get competitive pricing and ultra-fast execution while leverage can boost your purchasing power and potential returns.	CFD trading not offered
Leverage
1:500
FTSE Spread
22
GBPUSD Spread
0.6
Oil Spread
0.4
Stocks Spread
1.0
Forex Trading
Skilling offers Standard and Premium accounts with competitive leverage and spreads across a wide range of major, minor and exotic forex pairs. Over 70 currencies are available, providing more trading opportunities than most competitors.	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 decent, climbing to over 80% on the EUR/USD.
GBPUSD Spread
0.6	N/A
EURUSD Spread
0.4	N/A
EURGBP Spread
0.6	N/A
Assets
70+	20+
Cryptocurrency
Trade 50+ crypto pairs via leveraged CFDs. The list of tokens is longer than many rivals and the broker offers a secure trading environment. Cryptocurrency trading is not available to traders in China.	Quotex offers binary options trading on a handful of cryptos. While the range of digital currencies is narrow, there are leading tokens, including Bitcoin, Litecoin and Ethereum. Payouts on cryptocurrencies are also above average.
Spread
BTC 0.5	N/A
Coins
ACM APE AVE ATM AVA AXS BTC BAR BNB BTC BSV XBN ADA CHZ ATOM CRO DASH MANA DOGE EOS ETH ENJ XET ETC FTM ONE HT IOTA JUVE LTC LNK XLC XMR NEO OMG PSG CAKE DOT MATIC QTUM XRP ASR SAND SHIB SOL XLM SNX XTZ THT TRX UNI VET WAVE ZRP ZEC YFI	BTC LTC ETH XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
Yes	No
Binary Options
Binary options trading not offered	Quotex offers ultra-short-term binaries on hundreds of assets with up/down contracts that expire between 5 seconds and 4 hours. The broker provides an intuitive web platform, with multiple charting styles, dozens of indicators and daily trading signals.
Payout
	98%
Expiry Times
	5 seconds - 4 hours
Ladder Options
No	No
Boundary Options
No	No

Review	Review
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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