XM vs Quotex

XM vs Quotex Comparison Table 2024
XM	Quotex
Review 4.4	Review 4.4

XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.	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.
Customer Reviews
4.3 Based on 4 XM customer reviews	4.5 Based on 12 Quotex customer reviews
Bonus Offer
$30 No Deposit Bonus When You Register A Real Account	30% Deposit Bonus
Comment by Reviewer
"XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading."	"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."
Pros
XM continues to deliver diverse and multilingual educational materials and offers a useful live education schedule for its webinars and insights 1000+ instruments are available, including recently added thematic indices, providing exposure to emerging industries Transparent and low fees with spreads from 0.0 pips that will help protect day trading profit margins The broker offers premium research including market sentiment, fundamental insights and strategy builders Accessible trading accounts with a $5 minimum deposit and fast account opening Powerful MT4 and MT5 platforms are available with 60+ and 80+ technical charting tools XM is a hugely respected broker authorized by tier-one regulators	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
Cons
There is weak regulatory oversight through the global entity There's $5 inactivity fee after only 3 months, though this won't affect active traders PayPal deposits are not supported	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
Awards
The Best Crypto CFDs 2022 - Financial Expo Egypt Best FX Service Provider 2022 - City of London Wealth Management Awards Best MT4/MT5 Broker 2021 - DayTrading.com Best FX Educational Broker in the MENA region 2021 - Dubai Expo Awards Best Trading Experience 2021 - Ultimate Fintech Best FX Service Provider 2021 - City of London Wealth Management Awards Best Broker in Customer Service 2020 - FX168 Global Forex Broker of the Year 2020 - Global Forex Awards
Instruments
Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures	Digital Options on Stocks, Indices, Forex, Commodities, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$5	$10
Trading Platforms
MT4 MT5	Web Platform Mobile App
Payment Methods
Apple Pay Credit Card Debit Card Google Wallet M-Pesa Neteller Perfect Money Skrill TransferWise 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
ASIC, CySEC, DFSA, FSC, FSCA
Margin Trading
Yes	No
Margin Rate
0.2%
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
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS, Android & Windows	iOS & Android
App Review
XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MT4 and MT5 software on the move, with full access to the broker’s 1000+ instruments. Where they shine is their dependability with minimal glitches and delays during testing. The built-in news, trading journal and push notifications also ensure you have everything you need to day trade from your hand.	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
3.9	4.1
iOS App Rating
4.7	4.2
Auto Trading
Expert Advisors (EAs) on MetaTrader	No
Copy Trading
Yes	No
Copy Trading Platform
XM global offers a pre-integrated signals service via the MT5 platform. Aspiring investors can view detailed performance metrics and copy the trades of strategy managers. It's easy to set up, only requiring a handful of steps after logging in to your MQL5 community account.
Social Trading
Yes	No
Trade Signals
Yes	Daily Trading Signals
VPS Hosting
Yes	No
Tournaments
Yes	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$5	$0
Islamic Account
Yes	No
Account Currencies
USD EUR GBP AUD JPY ZAR CHF SGD PLN HUF	USD EUR GBP INR JPY MYR IDR RUB BRL NGN THB VND UAH
Stock Exchanges
Australian Securities Exchange (ASX) Borsa Italiana CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange	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
Cocoa Coffee Copper Corn Cotton Gold Natural Gas Oil Silver Soybeans Sugar Wheat	Gold Oil Silver
CFD Trading
Day traders can speculate on leveraged CFDs with zero commissions, spanning popular markets including currencies, equities and commodities. Additionally, the MetaTrader platforms collectively offer dozens of advanced technical indicators built for short-term strategies.	CFD trading not offered
FTSE Spread
1.5 pts
GBPUSD Spread
1.9
Oil Spread
0.03
Stocks Spread
0.002
Forex Trading
XM offers ultra low spreads across a wide range of forex assets with no re-quotes or hidden charges. Over 50 currency pairs are available, which is above the market average and is in line with one of our top award-winners, AvaTrade.	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 App
XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MetaTrader 4 and MetaTrader 5 platforms in your hand, with full forex trading and charting capabilities. Try it out today.
GBPUSD Spread
1.9	N/A
EURUSD Spread
1.6	N/A
EURGBP Spread
1.8	N/A
Assets
55+	20+
Currency Indices
USD
Cryptocurrency
XM offers a handful of cryptocurrencies against the USD via the South African entity only. These are tradable via CFDs with high leverage up to 1:500. You can explore major tokens like Bitcoin, Ethereum and Ripple with just a $30 deposit.	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.
Spread
Variable	N/A
Coins
BTC ETH LTC XRP BCH	BTC LTC ETH XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Binary options trading not offered	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.
Payout
	98%
Expiry Times
	5 seconds - 4 hours
Ladder Options
No	No
Boundary Options
No	No

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