Quotex vs Zenfinex
Quotex or Zenfinex – which is better for UK traders 2024? Compare Quotex and Zenfinex in this detailed breakdown of their platforms, features and fees.
Quotex | Zenfinex |
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Quotex is ranked #11 among binary options brokers. | Zenfinex is ranked #96 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. |
Zenfinex is a UK-headquartered broker offering social trading, low fees and MT4. |
Pros | |
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Cons | |
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FCA Regulated | |
No | Yes |
Instruments | |
Digital Options on Stocks, Indices, Forex, Commodities, Cryptos | Forex, CFDs, indices, commodities |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$10 | $50 |
Payment Methods | |
Minimum Trade | |
$1 | 0.01 Lots |
Regulator | |
FCA, SVGFSA | |
Mobile Apps | |
iOS & Android | Yes |
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. |
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iOS App Rating | |
Android App Rating | |
Margin Trading | |
No | No |
MetaTrader 4 | |
No | Yes |
MetaTrader 5 | |
No | Yes |
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 | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | No |
Auto Trading | |
No | Yes |
Copy Trading | |
No | Yes |
Copy Trading Platform | |
Zenfinex offers social copy trading through the interactive iOS and Android ZenConnect mobile app. Investors can buy and sell on the financial markets using the tips and positions of other traders. | |
Social Trading | |
No | Yes |
Trade Signals | |
Daily Trading Signals | Yes |
VPS Hosting | |
No | No |
Tournaments | |
Yes | 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 | |
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Commodities | |
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CFD | |
Leveraged contracts for difference are available on multiple financial markets. | |
Leverage | |
1:30 (UK), 1:400 (Global) | |
FTSE Spread | |
2.0 | |
GBPUSD Spread< | |
0.3 | |
Oil Spread | |
0.05 | |
Stocks Spread | |
N/A | |
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. | Ultra competitive spreads are available on forex pairs at Zenfinex. |
Assets | |
20+ | 50+ |
GBPUSD Spread | |
N/A | 0.3 |
EURUSD Spread | |
N/A | 0.1 |
EURGBP Spread | |
N/A | 0.3 |
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. | |
Spread | |
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 |
Quotex | Zenfinex |
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