Short answer
Expert Option and Quotex score the same (3.7/5).
Expert Option fits: Beginners who trade mainly on their phone
Skip Expert Option if: You want many instruments or longer-term analysis
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
Expert Option 3.7/5
- Platform and apps4.3
- Costs and minimums4.1
- Payment options4.2
- Support3.9
- Licensing and openness2.4
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
Expert Option and Quotex in brief
Expert Option (2014). Expert Option has sold fixed-time trades since 2014. The screen is deliberately bare: one chart, a stake, a timer, up or down. Account levels add assets, higher payouts and a personal manager as deposits grow.
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: Expert Option
Neither Expert Option 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: Expert Option 3, Quotex 2.
| What we compare | Expert Option | Quotex |
|---|---|---|
| Licence | No government licence. Registered in St Vincent and the Grenadines and a member of The Financial Commission, a private dispute body. | 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 | CSA / AMF, MAS, RBI | CMVM, RBI |
| Dispute body | Member of The Financial Commission (private dispute body) | No outside dispute body |
On licensing and openness Expert Option scores higher (2.4 vs 2.1).
Entry cost and chargesBetter here: Quotex
Both ask for the same first deposit: $10. The smallest trade is $1 on Expert Option and $1 on Quotex.
| What we compare | Expert Option | Quotex |
|---|---|---|
| Lowest deposit | $10 | $10 |
| Lowest trade | $1 | $1 |
| Charges | Charge on inactive accounts; no pay-in fee listed | No pay-in or pay-out fee listed; bonus volume around 100 times |
| Pay-out charges | No platform fee reported; your payment provider may charge | None listed |
| Dormant account fee | Dormant fee in the terms – check amount and trigger | Not stated in the sources we checked |
| Bonus | Deposit bonuses reported; check volume conditions before accepting | 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 | Expert Option | Quotex |
|---|---|---|
| Top payout | 90% | 98% |
| Win rate to break even | 52.6% | 50.5% |
| Note | Reviews report 86–95% depending on account level and asset | 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
Expert Option. A web platform with a clean chart, basic indicators and a feed of other users' trades. Good enough for simple trading, thin for detailed analysis.
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 | Expert Option | Quotex |
|---|---|---|
| Platform | Browser, Android, iPhone | Browser, Android |
| Android | Yes | Yes |
| iPhone | Yes | Browser app only |
| Extras | Account levels, Trader feed, Easy layout | In-house platform, Strong charts, Easy layout |
Instruments and trade durations
| What we compare | Expert Option | Quotex |
|---|---|---|
| Instruments | ~100 | – |
| Markets | Currencies, Crypto, Commodities, Shares, Indices | Currencies, Commodities, Shares, Indices, Crypto |
| Trade durations | 5 seconds – 24 hours | From about 1 minute; varies by asset |
Paying in and cashing outBetter here: Expert Option
Expert Option. Verification must be complete first, and users say it can take longer than elsewhere, so finish it before you need the money.
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 | Expert Option | 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 | Within 2 working days according to the platform; e-wallets and crypto can be quicker | 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 | Expert Option | Quotex |
|---|---|---|
| Practice balance | $10,000 | $10,000 |
| Try without signing up | Yes | – |
SupportBetter here: Expert Option
| What we compare | Expert Option | Quotex |
|---|---|---|
| How to reach support | Live chat, Email, Help pages | Email, Help pages |
| Support | 3.9/5 | 3.5/5 |
Which markets they acceptBetter here: Quotex
Expert Option accepts residents of 17 of the markets we cover, Quotex of 18.
Only Quotex: 1 markets
Bangladesh
Strengths and weak points
Expert Option
- +Easy layout for complete beginners
- +Proper Android and iPhone apps
- +Financial Commission membership gives you a place to complain
- +Crypto and local payments in many countries
- −No government licence
- −Fewer instruments than the leaders
- −Better payouts reserved for bigger deposits
- −Dormant account fee after a quiet period
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, Expert Option or Quotex?
Quotex is better in 4 of 7 categories here. Expert Option and Quotex score the same (3.7/5).
Our choice: Expert Option
Expert Option fits: Beginners who trade mainly on their phone
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
Expert Option or Quotex: which is better?
They score the same (3.7/5). Expert Option fits: Beginners who trade mainly on their phone. Quotex fits: High advertised payouts and crypto deposits.
Which needs a smaller deposit, Expert Option or Quotex?
Both ask for the same first deposit: $10.
Which pays more, Expert Option 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 Expert Option or Quotex?
No leading regulator and no Asian regulator licenses either of them. Both work through offshore companies, so your money has little protection.
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Expert Option review →Quotex review →Is Expert Option legit? →
