Quotex vs Binomo
| Quotex | Binomo |
|---|---|
4.4
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3.4
|
 Traders from US not accepted
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Traders from US not accepted
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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. |
Binomo is a beginner-friendly binary options broker that offers trading on forex, stocks and indices via high/low binary options on a simple web-based platform with payouts up to 90% and reliable service. The firm was launched in 2012 and is based offshore. |
| Customer Reviews | |
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4.4
Based on 16 Quotex customer reviews
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| Bonus Offer | |
| 30% Deposit Bonus | |
| Comment by Reviewer | |
| "Quotex is best for making short-term trades on popular markets. The payouts up to 98% are above average and enhancements to the platform have ensured it's easy to use for beginners. That said, the lack of regulatory oversight, limited education and weak support are key drawbacks." | "Traders who enjoy straightforward, fast-paced trading on forex and stocks should check out Binomo's short-term binary options. The intuitive platform and joining requirements make the brand particularly attractive for newer traders." |
| Pros | |
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| Cons | |
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| Instruments | |
| Digital Options on Stocks, Indices, Forex, Commodities, Cryptos | Fixed Time Trades |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | $10 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| $1 | $1 |
| Margin Trading | |
| 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 |
| Mobile Apps | |
| iOS & Android | iOS and Android |
| App Review | |
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. |
The Binomo app distinguishes itself by offering a comprehensive toolkit, including a risk-free demo account and over 30 analytical tools for technical analysis, ensuring newcomers and seasoned traders can confidently navigate the markets. Moreover, its diverse asset offerings across various markets, coupled with the opportunity to leverage CFDs provides a range of opportunties, all while having access to 24/7 support. |
| Android App Rating | |
4.1 |
4.7 |
| iOS App Rating | |
4.2 |
4.6 |
| Auto Trading | |
| No | BinomoBot tracks 12 moving and 5 technical indicators and can be set up in than 3 minutes. |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| 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 | $30 |
| Islamic Account | |
| No | No |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| Forex Trading | |
| 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. | Binomo offers a competitive suit of currencies from majors like EUR/USD to exotics like EUR/MXN. But with contracts spanning 1 minute to 1 hour, the broker is best for short-term forex binary options traders. |
| GBPUSD Spread | |
| N/A | N/A |
| EURUSD Spread | |
| N/A | N/A |
| EURGBP Spread | |
| N/A | N/A |
| Assets | |
| 20+ | 19 |
| 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. | Binomo offers 24/7 fixed time trades on a few major cryptos, including Bitcoin. However this is significantly less than alternatives like Focus Option which offers more than 80 digital tokens. |
| Spread | |
| N/A | 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. | Binomo offers binary options trading around the clock, including the weekends. You can speculate on the short-term price movements of popular markets, from stocks to currencies. Payouts are competitive climbing to 90% and contracts start from just 1 minute. |
| Payout | |
| 98% | 90% |
| Expiry Times | |
| 5 seconds - 4 hours | 1 minute - 60 minutes |
| Ladder Options | |
| No | No |
| Boundary Options | |
| No | Yes |
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