Plus500 vs Quotex
Plus500 or Quotex – which is better for UK traders 2024? Compare Plus500 and Quotex in this detailed breakdown of their platforms, features and fees.
Plus500 | Quotex |
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Plus500 is ranked #23 among CFD brokers. | Quotex is ranked #11 among binary options brokers. |
Established in 2008 and headquartered in Israel, Plus500 is a prominent brokerage that boasts over 25 million registered traders in over 50 countries. Specializing in CFD trading, the company offers an intuitive, proprietary platform and mobile app. It maintains competitive spreads and does not charge commissions or deposit or withdrawal fees. Plus500 also continues to shine as one of the most trusted brokers with licenses from reputable regulators, including the FCA, ASIC and CySEC. |
Quotex has closed or no longer accepts UK clients.
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. |
80% of retail CFD accounts lose money. | |
Pros | |
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Cons | |
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Awards | |
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FCA Regulated | |
Yes | No |
Instruments | |
CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto | Digital Options on Stocks, Indices, Forex, Commodities, Cryptos |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$100 | $10 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | $1 |
Regulator | |
FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA | |
Mobile Apps | |
iOS, Android & Windows | iOS & Android |
Trading App | |
Plus500 have developed their mobile apps to match the WebTrader online platform . Secure and reliable, the app is among the best out there. Stop loss and limits are available, free alerts and a full range of markets and instruments are available. Visit the download page here. |
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. |
iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | No |
MetaTrader 4 | |
No | No |
MetaTrader 5 | |
No | No |
cTrader | |
No | No |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
No | No |
Autochartist | |
No | No |
eSignal | |
No | No |
Trading Central | |
No | No |
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 | |
No | No |
Auto Trading | |
No | No |
Copy Trading | |
No | No |
Social Trading | |
No | 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 | |
Yes | No |
Inactivity Fee | |
$10 | $0 |
Islamic Account | |
Yes | No |
Account Currencies | |
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Commodities | |
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CFD | |
Plus500 presents commission-free CFDs encompassing a vast array of markets, spanning currencies, stocks, indices, and commodities. You can engage in long or short positions on popular assets, benefiting from adaptable leverage without encountering any concealed fees. | |
Leverage | |
1:30 | |
FTSE Spread | |
1.2 | |
GBPUSD Spread< | |
1.1 | |
Oil Spread | |
0.04 | |
Stocks Spread | |
0.08 | |
Forex | |
Plus500 provides forex trading through CFDs, featuring narrow spreads across an impressive selection of over 60 currency pairs. During testing, spreads came in as tight as 0.6 pips on the EUR/USD, which is notably lower than many alternatives. | 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. |
Assets | |
60+ | 20+ |
GBPUSD Spread | |
1.1 | N/A |
EURUSD Spread | |
0.6 | N/A |
EURGBP Spread | |
1.4 | N/A |
Cryptocurrency | |
Investors can trade on rising and falling prices with CFDs on popular cryptos like Bitcoin. Plus500 also stands out for its crypto indices, which offer diversification opportunities by tracking a basket of leading digital currencies. Availability subject to regulation. | 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 | |
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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. | |
Payout | |
98% | |
Expiration Times | |
5 seconds - 4 hours | |
Boundary Options | |
No | No |
Ladder Options | |
No | No |
Plus500 | Quotex |
80% of retail CFD accounts lose money. | |
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