Quotex vs IQ Option
Quotex or IQ Option – which is better for UK traders 2024? Compare Quotex and IQ Option in this detailed breakdown of their platforms, features and fees.
Quotex | IQ Option |
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Quotex is ranked #11 among binary options brokers. | IQ Option is ranked #97 among CFD brokers. |
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. |
IQ Option has closed or no longer accepts UK clients.
IQ Option is a trusted broker with multi-asset trading on its user-friendly proprietary platform. The broker provides trading on forex, stocks, cryptos, indices, commodities and ETFs with competitive fees and a good suite of extra features and educational content. You can also open an account with just $10. |
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK | |
Pros | |
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Cons | |
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Awards | |
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FCA Regulated | |
No | No |
Instruments | |
Digital Options on Stocks, Indices, Forex, Commodities, Cryptos | CFD, Forex, Crypto, Stocks, Digital Options |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$10 | $10 |
Payment Methods | |
Minimum Trade | |
$1 | 0.001 Lots |
Mobile Apps | |
iOS & Android | iOS, Android and Windows |
Trading App | |
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. |
IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have also synchronised the look and feel of both the web trader and mobile platform, making switching between the two, seamless. |
iOS App Rating | |
Android App Rating | |
Margin Trading | |
No | Yes |
Margin Rate | |
0.2% | |
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 | |
No | Yes |
Market Maker | |
No | Yes |
P2P Trading | |
No | No |
Spot Trading | |
No | No |
Auto Trading | |
No | |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
Daily Trading Signals | |
VPS Hosting | |
No | No |
Tournaments | |
Yes | Yes |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$0 | |
Islamic Account | |
No | Yes |
Account Currencies | |
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Commodities | |
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CFD | |
IQ Option deals primarily in CFDs, which are available on stocks, forex, cryptocurrencies and several other markets. The leverage available is in line with EU restrictions, to a maximum of 1:30 on major forex pairs but with less available on more volatile assets. Trades are commission-free with floating spreads and clients can use the award-winning platform. | |
Leverage | |
1:500 | |
GBPUSD Spread< | |
1 | |
Oil Spread | |
2.3 | |
Stocks Spread | |
2 | |
Forex | |
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. | IQ Option offers CFD trading on 24 forex assets, including major pairs and some minors. EU traders can access a maximum of 1:30 leverage in line with local regulations. The broker offers commission-free trades but spreads are on the high side so the brand does not excel in this area. |
Assets | |
20+ | 60+ |
GBPUSD Spread | |
N/A | 5 pips |
EURUSD Spread | |
N/A | 14 pips |
EURGBP Spread | |
N/A | 15 pips |
Cryptocurrency | |
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. | IQ Option is a leading crypto broker. They offer multipliers and a huge range of digital currency markets, including Bitcoin, Ethereum, and Cardano. Leverage of up to 1:2 is available with a variable spread and no commission. Newer traders will also rate the intuitive trading software. |
Spread | |
N/A | BTC 7%, ETH 12% (Var) |
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. | IQ Option is a top-rated binary options and digital trading broker. Trade on a user-friendly platform with a low starting deposit. Simply decide whether the price of an asset will go up or down to win a predetermined payout up to 90%+. |
Payout | |
98% | 91% |
Expiration Times | |
5 seconds - 4 hours | |
Boundary Options | |
No | Yes |
Ladder Options | |
No | Yes |
Quotex | IQ Option |
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK | |
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