Quotex vs Deriv: Which Trading Platform Is Better in 2024?

Trading growth

You’re an active trader looking to up your game in 2024. But with so many platforms out there, how do you choose? Quotex and Deriv are two of the biggest names right now. Both have awesome features for traders, but they’re also really different. In this article, we’ll compare Quotex and Deriv side-by-side so you can decide which trading platform is better for your needs. We’ll look at fees, assets, tools, user experience and more. No matter your trading style, by the end you’ll know which platform is the top choice to take your trading to the next level this year. Let’s dive in!

Overview of Quotex and Deriv


Quotex is one of the biggest names in the trading world. Founded in 2016, Quotex has quickly become a favorite among casual and experienced traders alike. Their platform is sleek and intuitive, making it easy to place trades on forex, stocks, commodities, and cryptocurrencies.

One of Quotex’s biggest selling points is their low fees. They don’t charge any commissions on trades and have some of the lowest spreads in the industry. They also frequently run promos offering bonus funds to new traders. However, Quotex’s customer service has been criticized as slow to respond. They also have a more limited selection of educational resources compared to some competitors.


Deriv has been around since 1999 and is a popular choice for traders interested in binary options, forex, and CFDs. Their platform is known for being highly customizable, though the sheer number of options can feel overwhelming for new users. Spreads and commissions on Deriv are moderately low, though not quite as low as Quotex. However, Deriv is praised for their 24/7 customer support and extensive selection of trading tutorials and video courses.

One downside of Deriv is that they don’t offer trading on stocks or cryptocurrencies – you’re limited to forex, binary options, and CFDs. They also have higher minimum deposits to open an account. Overall though, Deriv is a solid choice for experienced traders, especially those focused on short-term forex or binary options trading.

Both Quotex and Deriv offer demo accounts so you can try out their platforms with virtual funds before trading with real money. When it comes down to it, the right platform for you will depend on your trading experience, interests, and priorities like low fees versus educational resources. With a little research, you can determine which platform is the better fit for your needs.

Key Features and Tools Comparison

Trading Platforms

When it comes to the platforms themselves, Quotex and Deriv offer similar core tools for trading, but differ in their approaches. Quotex provides an intuitive yet full-featured platform aimed at beginner and intermediate traders. The uncluttered interface and built-in tutorials make it easy to pick up the basics. Deriv, on the other hand, is geared more toward advanced traders with a focus on technical analysis. The platform is highly customizable with advanced charting and trading tools that experienced traders will appreciate.

Assets and Markets

Both Quotex and Deriv offer a wide range of tradeable assets, including forex, commodities, stocks, and cryptocurrencies. However, Quotex has a larger selection of stocks and ETFs, especially US stocks. Deriv provides access to more currency pairs as well as gold and oil. In terms of markets, Quotex focuses primarily on US and European markets, while Deriv also provides access to Asian and Middle Eastern markets.

Account Types

Quotex offers standard, gold and platinum account types based on your initial deposit. Standard accounts have minimal fees but more limited features. Platinum accounts provide additional benefits like a personal account manager, faster withdrawals and trading signals. Deriv accounts are based solely on your trading balance and experience level. For beginners, a basic account with a low minimum balance is available. More advanced accounts provide lower spreads, faster execution, and higher leverage.

Fees and Spreads

Both platforms charge no commission on trades. Quotex profits from the spread, while Deriv uses a hybrid model of spreads and markup. Spreads on Quotex tend to be a bit higher, especially for stocks and cryptocurrencies. Deriv typically offers lower spreads overall, but the spreads can vary more depending on market conditions. For most traders, the fees on either platform should be comparable as long as you choose an account tier that matches your experience level.

In summary, while Quotex and Deriv share some similarities, the platforms differ significantly in their tools, markets, account types, and fees. The right choice for you comes down to your trading needs, skills, and preferences. With free demos available, you can explore each platform yourself to see which one suits you best.

Fees, Spreads and Leverage Options

When it comes to costs, Quotex and Deriv offer very competitive pricing for traders.


Both platforms charge no commission fees on trades. You’ll only pay the spread, which is the difference between the buy and sell price of an asset. Spreads on major forex pairs and popular stocks are tight, averaging around 0.5 pips for currencies and 0.1% for stocks. For more exotic assets, spreads widen to 1 pip or more. If saving on fees is a priority, either platform will serve you well.


Leverage allows you to take a larger position than your account balance would normally allow. Quotex offers leverage up to 1:1000 for forex and 1:20 for stocks. Deriv also provides 1:1000 leverage for forex but caps leverage at 1:5 for stocks. High leverage means higher risk, so only use it if you have experience and understand the amplified losses that can occur. Start with lower leverage, such as 1:30 or 1:50 for forex and 1:2 for stocks.

Both Quotex and Deriv are reputable, licensed platforms offering competitive pricing and high leverage options for traders. For new traders, the choice comes down to personal preference for the platform interface and available assets. I would recommend starting with a demo account on each to compare, before depositing real funds. As your experience grows, leverage and spreads become less of a concern, while platform tools and asset selection rise in importance. But when you’re first getting started, lower costs and tighter spreads can make a big difference in your learning curve.

Ease of Use and Mobile Trading Experience

Using either Quotex or Deriv on desktop or mobile is simple and intuitive. Both platforms are geared for beginner traders, with an easy-to-navigate interface and built-in tutorials to help you get started.

Quotes has a Clean, Minimalist Design

The Quotex platform has a simple, minimalist design without too many bells and whistles. The trading screen is neatly organized, so you can easily find what you need. Quotex also has a “Quick Trade” feature that lets you open and close positions with one click, which is perfect if you want to react quickly to market movements.

Deriv Offers Advanced Charting and Analysis Tools

While still user-friendly, Deriv provides more advanced tools for experienced traders. It offers customizable charts with over 100 indicators that you can overlay for in-depth market analysis. Deriv also has a social trading feature where you can follow and copy successful traders. If you want to take your trading to the next level, Deriv gives you more room to grow.

Seamless Mobile Experience on Both Platforms

Whether you use Quotex or Deriv, the mobile experience is seamless. You get the same simple interface and tools on your mobile device as on the desktop platform. Both apps are available for Android and iOS, so you can trade on the go whenever the markets are open. The mobile apps also send you push notifications about price alerts, market news, and other updates so you never miss an opportunity.

Overall, Quotex and Deriv offer a great user experience for traders of all skill levels. Quotex may have a slight edge for beginners with its simplistic design, while Deriv provides more advanced tools for seasoned traders. But with either platform, you get an intuitive interface, useful features, and the ability to trade whenever and wherever you want. So you can’t go wrong with either choice in 2024!

Security and Regulation

When it comes to the security of your funds and data, as well as regulation, both Quotex and Deriv take it very seriously. However, there are a few key differences to consider.

Data Protection

Quotex is regulated by the Cyprus Securities and Exchange Commission (CySEC), and client funds are held in segregated accounts at regulated banks. They use SSL encryption and two-factor authentication to protect your data and accounts. Deriv is regulated by the Vanuatu Financial Services Commission (VFSC) and also keeps client funds in separate accounts. They utilize similar security protocols like SSL and two-factor authentication. Both platforms seem to take data protection and regulation compliance seriously.

Insurance Coverage

An important factor is whether client funds are insured in the unlikely event of bankruptcy. Quotex participates in the Investor Compensation Fund, which covers eligible client funds up to €20,000 per person. Deriv does not currently offer any insurance coverage for client funds. So, if safety of your deposits is a top concern, Quotex may have a slight edge here.


Due to their CySEC regulation, Quotex cannot accept clients from certain countries, including the U.S. and Canada. Deriv, on the other hand, accepts most countries worldwide. So, your location may determine which platform you have access too. U.S. and Canadian traders would need to use Deriv.

Overall, while both Quotex and Deriv take security and compliance seriously, Quotex is regulated in the European Union which brings certain protections and restrictions. Make sure you understand both the regulations and limitations of each platform based on your country of residence. For many traders, the additional safety and oversight provided by CySEC regulation may trump any restrictions. But for others, the ability to trade freely without restrictions could be more important. It comes down to your needs, priorities and risk tolerance as a trader.


So there you have it – the key differences between Quotex and Deriv for your trading needs in 2024. While they both offer easy-to-use platforms and plenty of assets to trade, Quotex takes the lead when it comes to transparency and regulation. But Deriv isn’t too far behind if you prioritize mobile access and trading tournaments. At the end of the day, choosing between these brokers comes down to your own priorities as a trader. Do your due diligence, explore all the features, and decide which one aligns more closely with your goals. And remember, you can always open accounts with both if you want even more flexibility! Wherever you land, happy trading!