Short answer
Binomo and Quotex score the same (3.7/5).
Binomo fits: Beginners who enjoy contests and small stakes
Skip Binomo if: You want trades longer than an hour or a regulator behind the platform
Quotex fits: High advertised payouts and crypto deposits
Skip Quotex if: You want a licensed platform or a bonus without heavy volume rules
Score by score
Binomo 3.7/5
- Platform and apps4.2
- Costs and minimums4.3
- Payment options4.4
- Support4.0
- Licensing and openness2.3
Quotex 3.7/5
- Platform and apps4.5
- Costs and minimums4.5
- Payment options4.0
- Support3.5
- Licensing and openness2.1
How the two sites look
Binomo and Quotex in brief
Binomo (2014). Binomo has offered short fixed-time trades since 2014, aimed at beginners in Asia, Africa and Latin America, with a game-like screen and frequent contests.
Quotex. Quotex is a fixed-time platform: pick an asset, a direction and a timer, and a correct call pays a set percentage. It is known for a simple web platform, high advertised payouts and many crypto deposit options, and has run since about 2019–2020.
Licence and safetyBetter here: Binomo
Neither Binomo nor Quotex is authorised by a leading regulator or by any regulator in Asia. Both run through offshore companies, so there is no compensation fund and no local authority to complain to.
Official warnings and alert-list entries we found: Binomo 1, Quotex 2.
| What we compare | Binomo | Quotex |
|---|---|---|
| Licence | No government regulator. Dolphin Corp LLC in St Vincent and the Grenadines runs it; it is a Financial Commission member. | Third-party reviews name ON SPOT LLC GROUP in St Kitts and Nevis as the current operator, after Maxbit LLC and Awesomo Ltd. |
| Official warnings we found | RBI | CMVM, RBI |
| Dispute body | Member of The Financial Commission (private dispute body) | No outside dispute body |
On licensing and openness Binomo scores higher (2.3 vs 2.1).
Entry cost and chargesBetter here: Quotex
Both ask for the same first deposit: $10. The smallest trade is $1 on Binomo and $1 on Quotex.
| What we compare | Binomo | Quotex |
|---|---|---|
| Lowest deposit | $10 | $10 |
| Lowest trade | $1 | $1 |
| Charges | No pay-in or pay-out fee listed; bonuses carry volume rules | No pay-in or pay-out fee listed; bonus volume around 100 times |
| Pay-out charges | None listed | None listed |
| Dormant account fee | Check the current terms | Not stated in the sources we checked |
| Bonus | Deposit bonuses with volume rules | Tiered deposit bonus (20–35%) with volume of about 100x the bonus |
Payouts and the win rate you needBetter here: Quotex
Quotex advertises the higher top payout (98% vs 90%), which cuts the win rate you need to break even from 52.6% to 50.5%.
| What we compare | Binomo | Quotex |
|---|---|---|
| Top payout | 90% | 98% |
| Win rate to break even | 52.6% | 50.5% |
| Note | 90% is the advertised top on selected assets | Up to 98% on selected assets; often lower in practice |
Top payouts apply to a few assets at the busiest hours. Look at the payout on the trade ticket before you open a trade; it is often lower.
Platform and phone appsBetter here: Quotex
Binomo. A fast browser platform: chart, stake, timer and an up or down button, with contests and achievements alongside.
Quotex. An in-house web platform with candle and line charts, indicators, drawing tools and a panel that shows the payout before you open a trade. It loads fast and needs no download.
| What we compare | Binomo | Quotex |
|---|---|---|
| Platform | Browser, Android, iPhone | Browser, Android |
| Android | Yes | Yes |
| iPhone | Yes | Browser app only |
| Extras | Account levels, Contests, Easy layout | In-house platform, Strong charts, Easy layout |
Instruments and trade durations
| What we compare | Binomo | Quotex |
|---|---|---|
| Instruments | – | – |
| Markets | Currencies, Crypto, Commodities, Shares, Indices | Currencies, Commodities, Shares, Indices, Crypto |
| Trade durations | 1 minute – 1 hour | From about 1 minute; varies by asset |
Paying in and cashing outBetter here: Binomo
Binomo. USD 10 minimum; speed depends on your level, with VIP first.
Quotex. USD 10 minimum for most methods, more for some coins. Verification is required, and an active bonus blocks withdrawal of the bonus and related profit until its volume is met.
| What we compare | Binomo | Quotex |
|---|---|---|
| Pay-in methods | Cards, E-wallets, Crypto, Local payment methods | Cards, Crypto |
| Pay-out methods | Cards, E-wallets, Crypto, Local payment methods | Cards, Crypto |
| Smallest withdrawal | $10 | $10 |
| Pay-out speed | Faster on Gold and VIP | Depends on method; reviewers report a few days |
Practice accountLevel
Both have a free practice account, so you can try the two platforms with virtual money before depositing.
| What we compare | Binomo | Quotex |
|---|---|---|
| Practice balance | Yes | $10,000 |
| Try without signing up | – | – |
SupportBetter here: Binomo
| What we compare | Binomo | Quotex |
|---|---|---|
| How to reach support | Live chat, Email, Help pages | Email, Help pages |
| Support | 4.0/5 | 3.5/5 |
Which markets they acceptLevel
Binomo accepts residents of 18 of the markets we cover, Quotex of 18.
Strengths and weak points
Binomo
- +USD 10 deposits and USD 1 trades
- +Easy screen with daily contests
- +Many local payment methods in Asia
- +Category A member of The Financial Commission
- −No public regulator; company in St Vincent and the Grenadines
- −On the Reserve Bank of India's Alert List
- −Trades last at most one hour
- −Better payouts and faster pay-outs only on Gold and VIP
Quotex
- +Advertised payouts up to 98% on some assets
- +USD 10 deposits and USD 1 trades
- +Free USD 10,000 demo
- +Long list of crypto deposit options
- −No licence; the operating company has changed several times
- −Named by Pakistan's SECP, India's RBI and Portugal's CMVM
- −Bonus needs volume of roughly 100 times its value
- −Tickets and email only, no live chat
So, Binomo or Quotex?
The categories are split evenly. Binomo and Quotex score the same (3.7/5).
Whichever you pick, practise on the demo first, keep the first deposit small and withdraw part of it before adding more. Binary options are high-risk and most retail accounts lose money.
Quick answers
Binomo or Quotex: which is better?
They score the same (3.7/5). Binomo fits: Beginners who enjoy contests and small stakes. Quotex fits: High advertised payouts and crypto deposits.
Which needs a smaller deposit, Binomo or Quotex?
Both ask for the same first deposit: $10.
Which pays more, Binomo or Quotex?
Quotex advertises the higher top payout (98% vs 90%), which cuts the win rate you need to break even from 52.6% to 50.5%.
Does any regulator supervise Binomo or Quotex?
No leading regulator and no Asian regulator licenses either of them. Both work through offshore companies, so your money has little protection.
