Short answer
IQ Broker is ahead on our score, 3.9/5 against 3.7/5 for Quotex.
Quotex fits: High advertised payouts and crypto deposits
Skip Quotex if: You want a licensed platform or a bonus without heavy volume rules
IQ Broker fits: Traders who want leveraged CFDs on a polished platform
Skip IQ Broker if: You want fixed-time trades or are new to leverage
Score by score
Quotex 3.7/5
- Platform and apps4.5
- Costs and minimums4.5
- Payment options4.0
- Support3.5
- Licensing and openness2.1
IQ Broker 3.9/5
- Platform and apps4.4
- Costs and minimums3.8
- Payment options4.4
- Support4.2
- Licensing and openness3.0
How the two sites look
Quotex and IQ Broker in brief
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.
IQ Broker. IQ Broker is a newer brand from the group behind IQ Option and Quadcode. It offers leveraged forex and CFDs, not fixed-time options: you open a position and the result depends on how far the price moves, multiplied by leverage.
Licence and safetyBetter here: IQ Broker
Neither Quotex nor IQ Broker 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: Quotex 2, IQ Broker 0.
| What we compare | Quotex | IQ Broker |
|---|---|---|
| Licence | Third-party reviews name ON SPOT LLC GROUP in St Kitts and Nevis as the current operator, after Maxbit LLC and Awesomo Ltd. | The group holds CySEC licence 247/14 (IQ Option Europe Ltd) and Australian licence AFSL 327075 (Quadcode AU). |
| Official warnings we found | CMVM, RBI | – |
| Dispute body | No outside dispute body | No outside dispute body |
On licensing and openness IQ Broker scores higher (3.0 vs 2.1).
Entry cost and chargesBetter here: Quotex
Both ask for the same first deposit: $10. The smallest trade is $1 on Quotex and $1 on IQ Broker.
| What we compare | Quotex | IQ Broker |
|---|---|---|
| Lowest deposit | $10 | $10 |
| Lowest trade | $1 | $1 |
| Charges | No pay-in or pay-out fee listed; bonus volume around 100 times | Spreads and overnight charges; reported 2% after the first withdrawal |
| Pay-out charges | None listed | First withdrawal free, then reported 2% |
| Dormant account fee | Not stated in the sources we checked | Not stated in the sources we checked |
| Bonus | Tiered deposit bonus (20–35%) with volume of about 100x the bonus | No standard deposit bonus in our sources |
Payouts and the win rate you needLevel
IQ Broker has no fixed-time trades, so there is no payout percentage to compare. The other platform's payout and break-even rate are shown below.
| What we compare | Quotex | IQ Broker |
|---|---|---|
| Top payout | 98% | – |
| Win rate to break even | 50.5% | – |
| Note | Up to 98% on selected assets; often lower in practice | Not applicable: CFD results depend on price movement and leverage |
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
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.
IQ Broker. The Traderoom runs in the browser and as a desktop app, with multi-chart layouts, 100+ indicators, stop-loss and take-profit orders and simple or advanced margin modes.
| What we compare | Quotex | IQ Broker |
|---|---|---|
| Platform | Browser, Android | Browser, Desktop app, Android, iPhone |
| Android | Yes | Yes |
| iPhone | Browser app only | Yes |
| Extras | In-house platform, Strong charts, Easy layout | In-house platform, Strong charts, Desktop app |
Instruments and trade durations
| What we compare | Quotex | IQ Broker |
|---|---|---|
| Instruments | – | 500+ |
| Markets | Currencies, Commodities, Shares, Indices, Crypto | Currencies, Shares, Indices, Commodities, Crypto, ETFs |
| Trade durations | From about 1 minute; varies by asset | No timer: CFD positions stay open until you close them |
Paying in and cashing outBetter here: IQ Broker
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.
IQ Broker. Back to the deposit method after verification. The first withdrawal is free; later ones reportedly cost 2%.
| What we compare | Quotex | IQ Broker |
|---|---|---|
| Pay-in methods | Cards, Crypto | Cards, E-wallets, Crypto, Local payment methods |
| Pay-out methods | Cards, Crypto | Cards, E-wallets, Crypto, Local payment methods |
| Smallest withdrawal | $10 | – |
| Pay-out speed | Depends on method; reviewers report a few days | Depends on method; processed after verification |
Practice accountLevel
Both have a free practice account, so you can try the two platforms with virtual money before depositing.
| What we compare | Quotex | IQ Broker |
|---|---|---|
| Practice balance | $10,000 | $10,000 |
| Try without signing up | – | – |
SupportBetter here: IQ Broker
| What we compare | Quotex | IQ Broker |
|---|---|---|
| How to reach support | Email, Help pages | Live chat, Email, Help pages |
| Support | 3.5/5 | 4.2/5 |
Which markets they acceptLevel
Quotex accepts residents of 18 of the markets we cover, IQ Broker of 18.
Strengths and weak points
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
IQ Broker
- +Polished web, desktop and phone platform from the IQ Option group
- +500+ CFDs on currencies, shares, indices, commodities, crypto and ETFs
- +USD 10 deposit and a free USD 10,000 demo
- +24/7 live chat and many payment methods
- −Not binary options: leveraged CFDs carry different and often bigger risks
- −Leverage up to 1:3000 sits outside CySEC and ASIC protection
- −The company serving Asian clients isn't named in our sources
- −Reported 2% fee from the second withdrawal
So, Quotex or IQ Broker?
IQ Broker is better in 3 of 6 categories here. IQ Broker is ahead on our score, 3.9/5 against 3.7/5 for Quotex.
Our choice: IQ Broker
IQ Broker fits: Traders who want leveraged CFDs on a polished platform
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
Quotex or IQ Broker: which is better?
IQ Broker is ahead on our score (3.9/5 vs 3.7/5). IQ Broker fits: Traders who want leveraged CFDs on a polished platform. Quotex fits: High advertised payouts and crypto deposits.
Which needs a smaller deposit, Quotex or IQ Broker?
Both ask for the same first deposit: $10.
Which pays more, Quotex or IQ Broker?
IQ Broker has no fixed-time trades, so there is no payout percentage to compare. The other platform's payout and break-even rate are shown below.
Does any regulator supervise Quotex or IQ Broker?
No leading regulator and no Asian regulator licenses either of them. Both work through offshore companies, so your money has little protection.
