IQ Option vs Quotex (2022)

IQ Option vs Quotex

If you’re considering opening an account with IQ Option or Quotex, but can’t decide which platform is better for you, you’ve come to the right place. In this article, I will tell you about the key differences between these platforms and answer the specific question of which broker you should choose. If you are interested in the full reviews of these brokers, visit our website and learn more about these platforms.

Quick Pick:

Best Regulations: IQ Option

Best Signals:

If you are looking for an experienced broker who has a lot of licenses around the world, choose IQ Option. However, if you are looking for a broker that offers great trading signals, the possibility of obtaining attractive bonuses and, above all, is a niche choice, choose Quotex. I think that in most cases IQ Option will be a better solution due to experience, instruments and the amount of returns. Details can be found below.

Detailed Comparison

History

IQ Option was established in 2013 and is one of the first binary options brokers to offer advanced analytical tools and access to a wide base of indicators. Quotex was established relatively recently, in 2020. The financial industry is very difficult and requires brokers to adequately secure capital in case of various unfortunate events – so in my opinion, it is worth paying attention to the broker’s experience.

Result: is a better choice as it is a much more experienced broker.

Trading Platforms

IQ Option and Quotex have very modern looking trading platforms and it is very hard to choose which is better. Of course, I omit the visual aspects because it is a subjective one. On the one hand, IQ Option offers a much wider base of indicators and analytical tools, and on the other hand, Quotex has very effective signals on its platform, which can reach even 87% efficiency. It is worth noting that IQ Option is available in the browser version, iOS, Android. Quotex is available only in the browser version and on phones with Android system.

Result: In my opinion, wins because their platform is available on more devices.

Bonuses

IQ Option does not offer any bonuses. Due to numerous regulations and restrictions, the broker cannot offer any kind of bonuses. Quotex offers deposit bonuses, risk free trades and cashbacks. If you open an account using our link and enter “TradingThug” when making your deposit, you will receive a 50% deposit bonus!

Result: is a winner because it offers numerous bonuses.

Instruments

As I mentioned at the very beginning of the comparison – IQ Option is a very experienced broker with a lot of instruments available. On the platform you will find the opportunity to trade binary options, CFDs on forex, stocks, ETFs and Crypto. There is even a hybrid of binary and forex options available in Europe called FX Options. Quotex, on the other hand, offers classic binary options and nothing else. If you care about a large selection of instruments, IQ Option is a better choice.

Result: wins because it offers more instruments.

Assets

Quotex offers a very similar amount of assets as IQ Option. With the difference that IQ Option offers those active on various instruments. As mentioned before, Quotex only offers binary options. IQ Option offers around 400 assets just like Quotex.

Result: Draw.

Regulations

There is not even a comparison here. IQ Option is the best regulated binary options broker in the world. It has over 7 licenses in various jurisdictions. Quotex does not have any license. Please note that outside of Europe, Australia, UK and USA no regulations are required to legally offer binary options.

Result: wins because it has more certificates.

Minimum / Maximum Trade

IQ Option allows you to open a position for up to $ 20,000. Quotex allows you to open a position for up to $ 1,000. Here, of course, you can see the difference in the financial background of the brokers. Quotex simply cannot afford rich customers. In both cases, the minimum investment is just $ 1.

Result: wins because it offers a higher maximum investment amount.

Mobile Apps

IQ Option is known for its mobile app that offers virtually all the functionalities of the browser version. The application is available on phones with Android and iOS. Quotex only offers an Android app. The IQ Option app may run slowly on less powerful devices. The Quotex app should work well for everyone.

Result: wins because it offers so much more features in its app.

Demo Accounts

IQ Option and Quotex offer demo accounts. In both cases, you get $ 10,000 for free, which you can spend on virtual investments and honing your skills. In both cases, you can restore the lost deposit and try again.

Result: Draw

Minimum Deposit

IQ Option and Quotex offer a minimum deposit of just $ 10. This makes trading binary options accessible to most users.

Result: Draw

Payment Methods

IQ Option offers payment methods suited to each market. Therefore, it is very difficult to determine what all the deposit options are, as the broker offers different options in each country. Quotex, on the other hand, has a fixed number of methods which are available below. Please note that card deposits are not available in all countries.

IQ Option: Visa, Mastercard, Maestro, Sofort, Bank Transfer, Skrill, Neteller

Pocket Option: Visa, Mastercard, Coinbase, Bitcoin, Bitcoin Cash, USD Tether, Binance Coin, Etherium, Litecoin, dash, Dogecoin, Solana, Moreno, ZCash, Shiba Inu, Perfect Money, Piastrix

Result: It’s a draw

Conclusion

As you can see between Quotex and IQ Option there is a very big difference in favor of IQ Option. This does not mean that Quotex is a bad broker. On the platform you will find features such as signals or an extensive bonus system that you will not find at IQ Option. If you care about regulation, choose IQ Option for experience. And if you are looking for a new broker with lots of features, choose Quotex.

IQ Option

IQ Option is the most recognizable binary options broker on the market. The broker was founded in 2013 and quickly gained popularity thanks to its trading platform, which was the first to offer numerous indicators, professional analytical tools and an integrated economic calendar. Currently, over 100 million clients use the broker’s services. IQ Option is renowned for the highest returns in the industry and a high level of security. The broker is regulated by 7 entities around the world. IQ Option is not only binary options but also forex, CFDs, Crypto, ETFs and stocks. Due to legal restrictions, IQ Option cannot offer bonuses, signals or copy traders. If you are looking for a regulated binary options broker with a modern platform and the highest returns in the industry, choose IQ Option.

• Regulation: Yes, CySEC, FCA, CONSOB, REGAFI, AFM, CNB, CNMV
• Minimum Deposit: $10
• Minimum Trade: $1
• Bonus: None
• Payouts: 98% Max
• Assets: Commodities, Crypto, Forex, Indices, Stocks
• Mobile Trading: Yes, Android & iOS
• Withdrawal Processing: 24 Hours
• Demo Account: Yes
• US / UK / EU / AU Traders: No

Quotex

Quotex is the youngest broker on our list. The broker was established in 2020 as a competitor to Pocket Option. You will find many indicators and analytical tools on the platform. The flagship function of Quotex are trading signals, which, according to the broker’s assurances, achieve efficiency up to 87%. For being active on the platform, the user is rewarded with achievements that encourage them to break their own records and gain knowledge. Unfortunately, the big disadvantage of this broker is the lack of any regulation. I contacted a representative of Quotex and got information that the broker is in the process of applying for a certificate. If you are looking for a minimalist binary options broker with effective trading signals and a great trading platform, choose Quotex.

• Regulation: No
• Minimum Deposit: $5
• Minimum Trade: $1
• Bonus: 100%
• Payouts: 90% Max
• Assets: Commodities, Crypto, Forex, Indices, Stocks
• Mobile Trading: Yes
• Withdrawal Processing: 24 Hours
• Demo Account: Yes
• US / UK / EU / AU Traders: Accepted