Short answer
Quotex is ahead on our score, 3.7/5 against 3.5/5 for Exnova.
Exnova fits: A full-featured platform on a small budget
Skip Exnova if: You need a licensed firm or an outside complaints route
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
Exnova 3.5/5
- Platform and apps4.2
- Costs and minimums4.0
- Payment options3.8
- Support3.6
- Licensing and openness2.0
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
Exnova and Quotex in brief
Exnova (2021). Exnova appeared in 2021 with fixed-time options, digital options and leveraged CFDs on one platform, and an interface close to the market leaders.
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: Quotex
Neither Exnova 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: Exnova 0, Quotex 2.
| What we compare | Exnova | Quotex |
|---|---|---|
| Licence | No. Digital Smart LLC in St Vincent and the Grenadines runs it; the Cyprus company only processes payments. | 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 | – | CMVM, RBI |
| Dispute body | No outside dispute body | No outside dispute body |
On licensing and openness Quotex scores higher (2.1 vs 2.0).
Entry cost and chargesBetter here: Quotex
Both ask for the same first deposit: $10. The smallest trade is $1 on Exnova and $1 on Quotex.
| What we compare | Exnova | Quotex |
|---|---|---|
| Lowest deposit | $10 | $10 |
| Lowest trade | $1 | $1 |
| Charges | One free withdrawal a month, then 2% (USD 30 cap); dormant fee | No pay-in or pay-out fee listed; bonus volume around 100 times |
| Pay-out charges | First withdrawal each month free, then 2% (max. USD 30) | None listed |
| Dormant account fee | After 90 days without activity | Not stated in the sources we checked |
| Bonus | No standard deposit bonus; low-entry contests | 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 | Exnova | Quotex |
|---|---|---|
| Top payout | 90% | 98% |
| Win rate to break even | 52.6% | 50.5% |
| Note | Up to about 90% on fixed-time; varies by asset and time | 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
Exnova. In-house web platform plus a desktop app, with multiple charts, indicators and drawing tools; one of the most complete here and light on older computers.
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 | Exnova | Quotex |
|---|---|---|
| Platform | Browser, Desktop app, Android, iPhone | Browser, Android |
| Android | Yes | Yes |
| iPhone | Yes | Browser app only |
| Extras | Small minimum, In-house platform, Strong charts, Desktop app, Contests | In-house platform, Strong charts, Easy layout |
Instruments and trade durations
| What we compare | Exnova | Quotex |
|---|---|---|
| Instruments | 250+ | – |
| Markets | Currencies, Crypto, Commodities, Shares, Indices, ETFs | Currencies, Commodities, Shares, Indices, Crypto |
| Trade durations | 1 minute – 1 hour (fixed-time); free choice on digitals | From about 1 minute; varies by asset |
Paying in and cashing outBetter here: Quotex
Exnova. Full verification required; usually 1–3 working days. User reviews repeatedly mention delayed or blocked withdrawals, so start small and test a withdrawal.
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 | Exnova | 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 | 1–3 working days per the platform; complaints of delays | 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 | Exnova | Quotex |
|---|---|---|
| Practice balance | $10,000 | $10,000 |
| Try without signing up | – | – |
SupportBetter here: Exnova
| What we compare | Exnova | Quotex |
|---|---|---|
| How to reach support | Live chat, Email, Help pages | Email, Help pages |
| Support | 3.6/5 | 3.5/5 |
Which markets they acceptLevel
Exnova accepts residents of 18 of the markets we cover, Quotex of 18.
Strengths and weak points
Exnova
- +USD 10 deposits and trades from USD 1
- +Polished platform on web, desktop, Android and iPhone
- +Free USD 10,000 demo
- +Over 250 instruments including shares and ETFs
- −No public regulator licence
- −Short history: launched in 2021
- −Frequent complaints of delayed or blocked withdrawals
- −Fee after the first free withdrawal each month
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, Exnova or Quotex?
Quotex is better in 5 of 7 categories here. Quotex is ahead on our score, 3.7/5 against 3.5/5 for Exnova.
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
Exnova or Quotex: which is better?
Quotex is ahead on our score (3.7/5 vs 3.5/5). Quotex fits: High advertised payouts and crypto deposits. Exnova fits: A full-featured platform on a small budget.
Which needs a smaller deposit, Exnova or Quotex?
Both ask for the same first deposit: $10.
Which pays more, Exnova 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 Exnova or Quotex?
No leading regulator and no Asian regulator licenses either of them. Both work through offshore companies, so your money has little protection.
