Comparison of IQ Option and Quotex
| Feature | IQ Option | Quotex |
|---|---|---|
| Broker | ||
| Year Founded | 2013 | 2019 |
| Broker Type | MM | MM |
| Dealing | B-book | B-book |
| Execution | Market | Instant |
| Regulation | CySEC, SVGFSA | IFC |
| Platforms | Quadcode | Quadcode |
| Spread | ⮕ Average | - N/A |
| Maximum Leverage | 1:500 | 1:1 |
| Minimum Deposit | $10 | $10 |
| Base Currencies | USD, EUR, GBP, RUB | USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND, NGN, EGP, MXN, JPY, BDT, PKR, PHP, TRY, KRW |
| Funding Methods | Bank Wire, Credit/Debit Cards (Visa, Mastercard), Skrill, Neteller, Webmoney, Volet.com, Perfect Money, Cardano (ADA), Ethereum (ETH), Litecoin (LTC), XRP (XRP), Tether (USDT) | Visa, Mastercard, Perfect Money, YooMoney, FKWallet, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Tether (USDT), USD Coin (USDC), Dogecoin (DOGE), Cardano (ADA), XRP (XRP), Binance Coin (BNB), TRON (TRX) |
| Inactivity Fee | $10 per month after 90 days | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | $30 on bank wire; other methods free | ✖ |
| Investor Protection | ICF | - |
| Protection Size | €20 000 | - |
| Segregated Accounts | ✔ | ✖ |
| Negative Balance Protection | ✔ | ✖ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✖ | ✖ |
| VPS | ✖ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✖ | ✖ |
| EAs/Robots | ✖ | ✖ |
| Depth of Market (DOM) | ✖ | ✖ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETF, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Commodities, Indices, Stocks |
| Review | IQ Option Review | Quotex Review |
About IQ Option
IQ Option is a regulated broker founded in 2013. It combines its own award-winning platform with a low $10 entry threshold and $1 trade size, offering 300+ instruments across CFDs and fixed-time options. The broker attracts both beginners and active traders with an intuitive interface, rich charting toolkit and 24/7 multilingual support. While spreads are competitive, availability is limited in a number of jurisdictions and binary options remain high-risk.
Pros
- Low $10 minimum deposit and $1 trade size
- Proprietary platform with 100+ indicators and built-in news feed
- Wide range of instruments (300+), incl. 25+ crypto CFDs
- Free practice account with $10 000 virtual funds
- Fast withdrawals (1-3 days) and many funding methods
- CySEC regulation and segregated client funds
Cons
- Binary options classified as high-risk in many countries
- Inactivity fee after 90 days
- Higher spreads than ECN brokers; no MT4/MT5 support
About Quotex
Quotex is an offshore digital options platform launched in 2019. The broker attracts traders with a low entry threshold (deposits from just $10 and trades from $1), high potential returns of up to 98% and a convenient proprietary web platform with 24/7 support. There are more than 50 assets to choose from: currency pairs, commodities, stocks and indices. At the same time, Quotex is not regulated by reputable financial authorities: the company is registered in St Kitts & Nevis, and the IFMRRC certificate is no longer valid, so investor protection is limited. Despite this, the broker remains popular thanks to instant deposits and withdrawals without commissions, generous deposit bonuses and regular tournaments with a prize pool.
Pros
- Minimum deposit $10 and trades from $1
- High payouts - up to 98% on VIP account
- Own convenient web platform and Android application
- Fast withdrawal without commissions
- Bonuses and tournaments
Cons
- No license from top regulators, investor protection is limited
- Only binary options are available, no classic Forex/CFD
- Max. transaction volume is limited to $1000
- Poor training materials and analytics
IQ Option & Quotex Regulation
| Feature | IQ Option | Quotex |
|---|---|---|
Companies | IQ Option Europe Ltd, IQ Option LLC | ON SPOT LLC GROUP |
Countries | Cyprus, Saint Vincent and the Grenadines | Saint Kitts and Nevis |
Regulators | CySEC, SVGFSA | IFC |
Investor Protection | ICF | - |
Investor Protection Size | €20 000 | - |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
IQ Option
IQ Option Europe Ltd, IQ Option LLC
Quotex
ON SPOT LLC GROUP
Countries
IQ Option
Cyprus, Saint Vincent and the Grenadines
Quotex
Saint Kitts and Nevis
Regulators
IQ Option
CySEC, SVGFSA
Quotex
IFC
Investor Protection
IQ Option
ICF
Quotex
-
Investor Protection Size
IQ Option
€20 000
Quotex
-
Publicly Traded
IQ Option
Quotex
Segregated Accounts
IQ Option
Quotex
Guaranteed Stop Loss
IQ Option
Quotex
Negative Balance Protection
IQ Option
Quotex
Account Types
| Account | IQ Option | Quotex |
|---|---|---|
Market Maker Account | ||
| Account Name | Standard | — |
| Min Deposit | $10 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.5 | — |
| Fee | No | — |
| Max Leverage | 1:500 | — |
| Stop Out | 50% | — |
| Margin Call | 100% | — |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Binary Options | ||
| Account | Binary Options | Standard |
| Minimum Deposit | $10 | $10 |
| Option Types | Call/Put, Turbo, Digital Options | High/Low, Turbo |
| Minimum Stake | $1 | $1 |
| Payout | from 55% to 95% | from 20% to 92% |
| Expiration Time | from 30 seconds to 30 days | from 60 seconds to 4 hours |
Market Maker Account
Account Name
IQ Option
Standard
Quotex
—
Min Deposit
IQ Option
$10
Quotex
—
Lot Size
IQ Option
0.01
Quotex
—
Spread Type
IQ Option
Floating
Quotex
—
Execution
IQ Option
Market
Quotex
—
Min Spread
IQ Option
0.5
Quotex
—
Fee
IQ Option
No
Quotex
—
Max Leverage
IQ Option
1:500
Quotex
—
Stop Out
IQ Option
50%
Quotex
—
Margin Call
IQ Option
100%
Quotex
—
Additional Features
Demo Account
IQ Option
Quotex
VIP Account
IQ Option
Quotex
Swap-Free Account
IQ Option
Quotex
Copy Trading
IQ Option
Quotex
VPS
IQ Option
Quotex
PAMM/MAM Accounts
IQ Option
Quotex
Binary Options
Account
IQ Option
Binary Options
Quotex
Standard
Minimum Deposit
IQ Option
$10
Quotex
$10
Option Types
IQ Option
Call/Put, Turbo, Digital Options
Quotex
High/Low, Turbo
Minimum Stake
IQ Option
$1
Quotex
$1
Payout
IQ Option
from 55% to 95%
Quotex
from 20% to 92%
Expiration Time
IQ Option
from 30 seconds to 30 days
Quotex
from 60 seconds to 4 hours
Funding and Fees
| Feature | IQ Option | Quotex |
|---|---|---|
Base currencies | USD, EUR, GBP, RUB | USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND, NGN, EGP, MXN, JPY, BDT, PKR, PHP, TRY, KRW |
Deposit and withdrawal methods | Bank Wire, Credit/Debit Cards (Visa, Mastercard), Skrill, Neteller, Webmoney, Volet.com, Perfect Money, Cardano (ADA), Ethereum (ETH), Litecoin (LTC), XRP (XRP), Tether (USDT) | Visa, Mastercard, Perfect Money, YooMoney, FKWallet, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Tether (USDT), USD Coin (USDC), Dogecoin (DOGE), Cardano (ADA), XRP (XRP), Binance Coin (BNB), TRON (TRX) |
Inactivity fee | $10 per month after 90 days | |
Interest on margin | ||
Withdrawal fee | $30 on bank wire; other methods free |
Base currencies
IQ Option
USD, EUR, GBP, RUB
Quotex
USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND, NGN, EGP, MXN, JPY, BDT, PKR, PHP, TRY, KRW
Deposit and withdrawal methods
IQ Option
Bank Wire, Credit/Debit Cards (Visa, Mastercard), Skrill, Neteller, Webmoney, Volet.com, Perfect Money, Cardano (ADA), Ethereum (ETH), Litecoin (LTC), XRP (XRP), Tether (USDT)
Quotex
Visa, Mastercard, Perfect Money, YooMoney, FKWallet, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Tether (USDT), USD Coin (USDC), Dogecoin (DOGE), Cardano (ADA), XRP (XRP), Binance Coin (BNB), TRON (TRX)
Inactivity fee
IQ Option
$10 per month after 90 days
Quotex
Interest on margin
IQ Option
Quotex
Withdrawal fee
IQ Option
$30 on bank wire; other methods free
Quotex
Trading Platforms and Conditions
| Feature | IQ Option | Quotex |
|---|---|---|
Trading Platforms | Quadcode | Quadcode |
Execution Speed | 10 ms | 10 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | average | N/A |
Trading Platforms
IQ Option
Quadcode
Quotex
Quadcode
Execution Speed
IQ Option
10 ms
Quotex
10 ms
Scalping
IQ Option
Quotex
Expert Advisors (EAs)
IQ Option
Quotex
Depth of Market (DOM)
IQ Option
Quotex
Spread
IQ Option
average
Quotex
N/A
Trading Assets
| Asset | IQ Option | Quotex |
|---|---|---|
Currencies | 63 | 24 |
Indices | 12 | 13 |
Stocks | 379 | 8 |
Cryptocurrencies | 26 | 0 |
Bonds | 0 | 0 |
Metals | 3 | 4 |
Energies | 3 | 2 |
Soft Commodities | 3 | 0 |
ETFs | 22 | 0 |
Currencies
IQ Option
63
Quotex
24
Indices
IQ Option
12
Quotex
13
Stocks
IQ Option
379
Quotex
8
Cryptocurrencies
IQ Option
26
Quotex
0
Bonds
IQ Option
0
Quotex
0
Metals
IQ Option
3
Quotex
4
Energies
IQ Option
3
Quotex
2
Soft Commodities
IQ Option
3
Quotex
0
ETFs
IQ Option
22
Quotex
0
Education and Analytics
| Feature | IQ Option | Quotex |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
IQ Option
Quotex
Indicators
IQ Option
Quotex
Robots
IQ Option
Quotex
Signals
IQ Option
Quotex
Autochartist
IQ Option
Quotex
Expert Analytics
IQ Option
Quotex
News Feed
IQ Option
Quotex
Education Articles
IQ Option
Quotex
Webinars
IQ Option
Quotex
Seminars
IQ Option
Quotex
Contests
| Feature | IQ Option | Quotex |
|---|---|---|
| Demo Contests | ||
| Is available | ||
| Contests List |
|
|
Demo Contests
Is available
IQ Option
Quotex
Contests List
IQ Option
- Weekend TreatStart Balance: $100 · Prize Pool: $1500 · Period: WeeklyLearn More
- Salary in a DayStart Balance: $100 · Prize Pool: $3,000 · Period: WeeklyLearn More
- Austin 1000Start Balance: $1000 · Prize Pool: $1000 · Period: WeeklyLearn More
- IQ LaunchStart Balance: $100 · Prize Pool: $10000 · Period: WeeklyLearn More
- 72 HoursStart Balance: $100 · Prize Pool: $5000 · Period: Every 2 WeeksLearn More
Quotex
- Quotex tournamentsStart Balance: $100 · Prize Pool: $5000 · Period: DailyLearn More
Customer Support
| Contact | IQ Option | Quotex |
|---|---|---|
Email | support@iqoption.com | — |
Phone | +35724257707 | — |
Telegram | — | Telegram |
Facebook | — | |
YouTube | YouTube | — |
Instagram | ||
Twitter | — |
Email
IQ Option
Quotex
—
Phone
IQ Option
Quotex
—
Telegram
IQ Option
—
Quotex
Facebook
IQ Option
—
Quotex
YouTube
IQ Option
Quotex
—
Twitter
IQ Option
Quotex
—
Which Broker is Better?
After comparing IQ Option and Quotex, IQ Option comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.