Quick verdict
Expert Option and Quotex are level on our score (3.7/5).
Expert Option is best for: Beginners who trade mostly on a phone
Avoid Expert Option if: You want a wide asset list or longer-term analysis
Quotex is best for: High advertised payouts and crypto deposits
Avoid Quotex if: You want a licensed broker or a bonus without heavy turnover rules
Scores side by side
Expert Option 3.7/5
- Platform & apps4.3
- Costs & minimums4.1
- Payments4.2
- Support3.9
- Regulation & transparency2.4
Quotex 3.7/5
- Platform & apps4.5
- Costs & minimums4.5
- Payments4.0
- Support3.5
- Regulation & transparency2.1
First look: the two websites
About Expert Option and Quotex
Expert Option (2014). Expert Option has offered fixed-time trading since 2014. The platform is intentionally simple: one chart, an amount, an expiry, up or down. Account tiers unlock extra assets, higher payouts and a personal manager as your deposit grows.
Quotex. Quotex is a fixed-time trading platform: you pick an asset, a direction and an expiry, and a correct prediction pays a fixed percentage of your stake. It is known for a simple web platform, high advertised payouts and a wide choice of crypto deposits. The brand has been active since around 2019–2020.
Regulation and safetyWinner: Expert Option
Neither Expert Option nor Quotex is authorised by a top-tier regulator such as the FCA, CySEC or ASIC. Both operate through offshore companies, so there is no compensation scheme and no regulator in your country to complain to.
Official warnings and alert-list entries in our sources: Expert Option 3, Quotex 2.
| Feature | Expert Option | Quotex |
|---|---|---|
| Regulation | No government licence. It is registered in St Vincent and the Grenadines and belongs to The Financial Commission, a private dispute body. | Third-party reviews name ON SPOT LLC GROUP in St Kitts and Nevis as the current operator; earlier it traded as Maxbit LLC and Awesomo Ltd. |
| Regulator warnings on record | CSA / AMF, MAS, RBI | CMVM, RBI |
| Dispute body | Member of The Financial Commission (private dispute body) | No external dispute body |
On transparency and safety we score Expert Option higher (2.4 vs 2.1).
Minimum deposit and feesWinner: Quotex
Both brokers ask for the same minimum deposit: $10. The smallest trade is $1 at Expert Option and $1 at Quotex.
| Feature | Expert Option | Quotex |
|---|---|---|
| Minimum deposit | $10 | $10 |
| Minimum trade | $1 | $1 |
| Fees | Dormancy fee after inactivity; no deposit fee advertised | No deposit or withdrawal fee advertised; bonus needs about 100x turnover |
| Withdrawal fees | No platform withdrawal fee reported; payment-provider fees may apply | None advertised |
| Inactivity fee | Dormancy fee in the terms – check amount and trigger | Not stated in the sources we reviewed |
| Bonus | Deposit bonuses reported; check turnover conditions before accepting | Tiered deposit bonus (20–35%) with turnover of about 100x the bonus |
Payouts and the win rate you needWinner: Quotex
Quotex advertises the higher maximum payout (98% vs 90%). That lowers the win rate you need to break even from 52.6% to 50.5%.
| Feature | Expert Option | Quotex |
|---|---|---|
| Max. payout | 90% | 98% |
| Break-even win rate | 52.6% | 50.5% |
| Note | Sources differ: third-party reviews report 86–95% depending on account tier and asset | Up to 98% advertised on selected assets; often lower in practice |
Advertised maximums apply to selected assets at the best times. Check the payout shown on the trade ticket before you open a trade; it is often lower.
Platform and mobile appWinner: Quotex
Expert Option. Web platform with a clean chart, basic indicators and a social feed showing other users' trades. Fine for simple strategies, limited for detailed technical analysis.
Quotex. A proprietary web platform with candlestick and line charts, indicators, drawing tools and a clear trade panel that shows the payout before you open a trade. It loads quickly and needs no download.
| Feature | Expert Option | Quotex |
|---|---|---|
| Platform | Web, Android, iOS | Web, Android |
| Android | Yes | Yes |
| iPhone | Yes | Web app only |
| Extras | Account tiers, Social feed, Simple interface | Own platform, Advanced charts, Simple interface |
Assets and expiry times
| Feature | Expert Option | Quotex |
|---|---|---|
| Number of assets | ~100 | – |
| Markets | Forex, Crypto, Commodities, Stocks, Indices | Forex, Commodities, Stocks, Indices, Crypto |
| Expiry times | 5 seconds – 24 hours | From about 1 minute; varies by asset |
Deposits and withdrawalsWinner: Expert Option
Expert Option. Withdrawals require completed verification. Users report that verification can take longer than at the other two brokers, so complete it before you need your money.
Quotex. Minimum withdrawal USD 10 for most methods, higher for some cryptocurrencies. Verification is required. An active bonus blocks withdrawal of the bonus and related profit until its turnover is met.
| Feature | Expert Option | Quotex |
|---|---|---|
| Deposit methods | Bank cards, E-wallets, Crypto, Local methods | Bank cards, Crypto |
| Withdrawal methods | Bank cards, E-wallets, Crypto, Local methods | Bank cards, Crypto |
| Minimum withdrawal | $10 | $10 |
| Withdrawal time | Within 2 business days per the broker; e-wallets and crypto can be faster | Depends on the method; reviewers report a few days |
Demo accountDraw
Both brokers offer a free demo account, so you can compare the two platforms with virtual money before you deposit.
| Feature | Expert Option | Quotex |
|---|---|---|
| Demo balance | $10,000 | $10,000 |
| Try without registering | Yes | – |
Customer supportWinner: Expert Option
| Feature | Expert Option | Quotex |
|---|---|---|
| Support channels | Live chat, Email, Help centre | Email, Help centre |
| Support | 3.9/5 | 3.5/5 |
Where you can use themDraw
Expert Option accepts clients in 38 of the countries we cover, Quotex in 38.
Pros and cons
Expert Option
- +Simple interface that suits first-time users
- +Native Android and iOS apps
- +Membership of The Financial Commission gives a dispute route
- +Crypto and local deposit methods in many countries
- −No recognised government broker licence
- −Smaller asset list than the other two
- −Better conditions locked behind larger-deposit account tiers
- −Dormancy fee after a period without activity
Quotex
- +Payouts advertised up to 98% on some assets
- +USD 10 minimum deposit and trades from USD 1
- +Free USD 10,000 demo account
- +Many cryptocurrency deposit options
- −No government licence; the operating company has changed several times
- −Warnings from Portugal's CMVM and on India's RBI Alert List
- −Deposit bonus requires trading volume of about 100 times the bonus
- −Support by ticket and email only, with no live chat
Verdict: Expert Option or Quotex?
The two brokers split the categories evenly. Expert Option and Quotex are level on our score (3.7/5).
Our pick: Expert Option
Expert Option is best for: Beginners who trade mostly on a phone
Whichever you choose, start with the demo, keep your first deposit small and test a withdrawal before you add more. Binary options are high-risk and most retail traders lose money.
Frequently asked questions
Which is better, Expert Option or Quotex?
They are level on our score (3.7/5). Expert Option is best for: Beginners who trade mostly on a phone. Quotex is best for: High advertised payouts and crypto deposits.
Which has the lower minimum deposit, Expert Option or Quotex?
Both brokers ask for the same minimum deposit: $10.
Which pays more, Expert Option or Quotex?
Quotex advertises the higher maximum payout (98% vs 90%). That lowers the win rate you need to break even from 52.6% to 50.5%.
Are Expert Option and Quotex regulated?
Neither holds a licence from a top-tier regulator such as the FCA, CySEC or ASIC. Both operate through offshore companies, so your money has limited protection.
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Expert Option review →Quotex review →Is Expert Option a scam? →