Quotex vs Exness

4.4

Quotex Review

4.6

Exness Review

Quotex and Exness both offer a range of trading options, but they cater to different needs and preferences. Quotex is unregulated but easy to use, with a low minimum deposit and no withdrawal fees, appealing to budget-conscious traders. Exness, however, is highly regulated, offering more extensive account options and supporting a vast array of currencies. Exness also provides more comprehensive customer support.

Quotex shines with simplicity, offering a straightforward trading platform ideal for beginners. Exness, with its strong regulatory framework and advanced features like MetaTrader platforms, suits experienced traders. Both brokers provide demo accounts, allowing users to practice without financial risk.

Quotex has limitations, including light cryptocurrency options and a lack of customization. Exness, on the other hand, lacks structured educational resources and advanced market analysis, despite its excellent support and diverse account types. Both brokers have unique strengths but address different aspects of the trading spectrum.

Regulation & Trust

Quotex is known for its legitimacy but lacks strong regulatory credentials, as it is unregulated after letting its registration expire with IFMRRC. It does, however, offer security measures like SSL encryption. In contrast, Exness shines with several regulatory bodies across tiered levels, ensuring client fund safety and negative balance protection. Despite its regulatory prowess, Exness no longer offers retail trading services under FCA and CySEC.

Accounts & Banking

Quotex stands out for its single live account with a low $10 minimum deposit, suitable for global traders. It offers hassle-free registration and various deposit and withdrawal methods without fees. Exness offers more versatile account types, including commission-based accounts for day traders, with a wide range of base currencies. Exness allows easy fund transfers with varied methods, although bank wire transfers aren’t an option.

Assets & Markets

Quotex offers access to over 400 assets, including forex, stocks, indices, commodities, and cryptocurrencies. It misses out on emerging tokens. Exness has a strong portfolio too, with many currency pairs and popular cryptocurrencies. However, it trails in the range of individual stocks and cryptocurrency options compared to dedicated exchanges. Customizing trading through copy trading features is available with Exness.

Fees & Costs

Quotex provides a low-cost platform without trading or non-trading fees, making it perfect for budget-conscious traders. Its straightforward pricing model is attractive. Exness is cost-effective too, excelling in low fees through Raw Spread and Zero accounts. While Exness charges commissions based on spreads, it doesn’t levy inactivity fees which makes it ideal for traders who trade less frequently.

Platforms & Tools

Quotex features a straightforward platform tailor-made for beginners, with an easy-to-navigate design. It lacks sophisticated tools, which Exness provides with its MetaTrader 4 and 5 platforms. These platforms offer advanced trading features like automated trading. Exness also offers a proprietary Terminal for beginners, integrating many TradingView features.

Research

Quotex falls short in research tools, offering only basic trading signals. Exness, however, provides a range of third-party market analysis and signals. It includes tools like a currency converter and calculator, but it lacks in-house analysis reports. Beginners may find Exness’s research tools helpful despite the absence of detailed internal insights.

Education

Quotex’s educational resources are limited to basic trading content. In comparison, Exness lacks structured learning materials and interactive webinars. It doesn’t match competitors like eToro, which provide comprehensive educational offerings. Both brokers present opportunities for practice through demo accounts, although Exness could enhance its educational support.

Customer Support

Quotex offers basic email support with fast replies but lacks live chat. Exness offers 24/7 live chat, phone, and email support in multiple languages, making it accessible. Exness excels with its quick response times and a thorough FAQ, setting a high standard for communication.

Is Quotex or Exness Better For Beginners?

Quotex is better for beginners due to its low-cost entry and simple platform. The lack of commissions and fees makes it budget-friendly. However, its limited educational resources and basic customer support are drawbacks. Exness provides a user-friendly platform and accessible customer service, but its scarce educational materials might not fully support newcomers.

Is Quotex or Exness Better For Experienced Traders?

Exness is more suited for experienced traders with its range of advanced account types and MetaTrader access. It offers sophisticated tools and competitive spreads, essential for seasoned traders. While Quotex offers easy navigation, it lacks the advanced features needed for experienced trading strategies.

Why Pick Quotex Over Exness?

Choose Quotex for its ease of use and fee-free transactions, ideal for budget trading. The uncomplicated platform makes it excellent for straightforward trading without extra costs. It provides immediate trading access without cumbersome processes, making it perfect for rapid entry to markets.

Why Pick Exness Over Quotex?

Opt for Exness if regulatory assurance and advanced trading features are priorities. It supports more comprehensive account types and markets, catering to various trading preferences. Additionally, 24/7 multilingual support, diverse deposit options, and competitive pricing are substantial advantages for active and experienced traders.