Quotex vs 365Trading: Comparing the Top CFD Brokers in 2024

As an investor seeking a reliable CFD broker, you want to partner with a reputable company that provides a robust trading platform, competitive pricing, and excellent customer service. Quotex and 365Trading are two of the top CFD brokers operating today, and you’ll want to compare their offerings side-by-side. With this analysis of key factors like regulation, trading tools, account types, commissions and fees, you’ll gain the insights needed to determine which broker better fits your trading needs in 2024. Weigh the pros and cons of these industry leaders as you evaluate where to open your next CFD trading account.

Overview of Quotex and 365Trading

Quotes

Quotex is a popular broker founded in 2020 that allows you to trade CFDs on over 2,000 instruments including forex, stocks, indices, commodities and ETFs. Quotex is regulated by the Financial Conduct Authority (FCA) in the UK and offers its services to traders worldwide. Some key features of Quotex include:

• A user-friendly web-based platform and mobile app for trading on the go
• Competitive spreads starting from 0 pips
• Leverage up to 1:500 depending on the instrument
• A wide range of order types including market, limit, stop loss, and trailing stop orders
• 24/5 customer support via live chat, email and phone

365Trading

365Trading is another leading CFD broker that has been operating since 2012. Like Quotex, 365Trading is also regulated by the FCA and provides access to CFDs on forex, commodities, stocks, indices, ETFs and more. Some of the main benefits of using 365Trading include:

• A choice of three trading platforms: web platform, desktop platform and mobile apps
• Ultra-fast order execution with no requotes
• Tight spreads from 0.0 pips
• Generous leverage up to 1:400
• Comprehensive education and market analysis resources
• Multilingual 24/5 customer support

Overall, both Quotex and 365Trading are reputable CFD brokers that offer competitive trading conditions, a good range of products and high-quality services. The final choice comes down to individual preferences around platforms, instruments or account types. By signing up for a demo account with each broker, you can take them for a test drive and see which one suits your trading needs best.

Trading Conditions Comparison: Spreads, Leverage and Fees

When choosing a CFD broker, trading conditions are a crucial factor to consider. In this section, we compare Quotex and 365Trading based on their spreads, leverage, and fees.

Spreads

Spreads refer to the difference between the bid and ask price of a CFD. Tighter spreads mean lower trading costs for you. Quotex offers variable spreads from 0.0 pips for major currency pairs, while 365Trading provides fixed spreads of 1-3 pips. Overall, Quotex has a slight edge with generally lower spreads.

Leverage

Leverage allows you to open much larger positions than your initial margin deposit. Quotex provides leverage up to 1:500 for forex pairs and 1:200 for stocks. 365Trading offers slightly higher leverage of 1:500 for all products. Although higher leverage may seem appealing, it also amplifies your risk. Both brokers offer leverage levels in line with industry standards.

Fees

In addition to spreads, brokers charge commissions and overnight financing fees. Quotex does not charge any commissions but has daily overnight fees. 365Trading charges a small commission of $3 per standard lot but waives overnight fees. Deposits and withdrawals are free for all payment methods on both platforms.

In summary, while Quotex has lower spreads and 365Trading provides slightly higher leverage, their fees structures differ. Your choice of broker will depend on which conditions are most significant for your trading strategy and volume. Both offer competitive pricing overall, but we recommend assessing the specific fees for your preferred instruments before opening an account.

Platforms and Tools: Quotex vs 365Trading

When assessing Quotex and 365Trading, two of the leading CFD brokers, the platforms and tools they offer are an important differentiator for traders.

Trading Platforms

Quotex offers its proprietary web-based trading platform with an intuitive interface and powerful charting capabilities. The platform is customizable and includes features like watchlists, alerts, and risk management tools. 365Trading provides the popular MetaTrader 4 (MT4) platform, which is highly customizable but can have a steep learning curve for new traders.

Mobile Trading

Both brokers offer mobile trading apps for iOS and Android that allow you to trade on the go. The apps provide access to interactive charts, watchlists, and account management. However, Quotex’s mobile app receives higher reviews for its user-friendly interface and responsiveness.

Trading Tools

In terms of trading tools, Quotex provides an economic calendar, market news and analysis, and trading signals to aid decision making. 365Trading also offers many of the same tools but provides automated trading through Expert Advisors (EAs) on the MT4 platform. EAs allow you to automate your trading strategy but require programming knowledge to set up.

Overall, while 365Trading appeals to more advanced traders with its MT4 platform and EAs, Quotex likely has the edge for beginner traders or those looking for an easy-to-use platform. The choice ultimately comes down to your experience level and needs as a trader. With free demo accounts available, you can try both platforms to determine which broker is the right fit.

Safety and Regulation: Which Is More Secure?

Regulation and Licensing

When it comes to regulation and licensing, Quotex has a slight advantage. Quotex is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is MiFID compliant, which ensures a high level of investor protection. 365Trading is regulated by the Vanuatu Financial Services Commission (VFSC), which is not as stringent as CySEC. For most traders, CySEC’s regulation provides more reassurance around fund security and broker accountability.

Deposit and Withdrawal Methods

Both Quotex and 365Trading offer a wide range of deposit and withdrawal methods, including bank wire transfer, credit/debit cards, and e-wallets like Skrill and Neteller. These methods are convenient and secure. However, 365Trading has a slightly wider range of options which may suit some traders. For withdrawals, Quotex promises same-day processing for e-wallets, while 365Trading aims for next business day. So, there are some minor differences in transaction speeds and options between the two brokers.

Client Fund Segregation

An important factor for any CFD broker is how they handle client funds. Both Quotex and 365Trading claim to keep client funds in segregated accounts separate from the broker’s operating funds. This is an industry standard and provides security, ensuring that client funds cannot be used for any other purpose. While both brokers highlight their segregated accounts, some traders may feel more assured with Quotex given their stricter CySEC regulation.

Overall, while there are some minor differences between Quotex and 365Trading in regulation, fund security and transactions, both brokers meet high standards of safety and security expected from reputable CFD brokers. For most traders, the choice between these two brokers will come down to other factors like trading conditions, fees, platform options and customer service. Both provide a safe environment for trading CFDs, though Quotex’s CySEC regulation may provide extra reassurance for some.

Our Verdict: Which CFD Broker Is Better in 2024?

###Trading Experience When it comes to the overall trading experience, Quotex has a slight edge over 365Trading. Quotex offers a modern, intuitive web-based platform and mobile apps with powerful charting tools and a simple interface. 365Trading’s platforms, while functional, have a somewhat dated feel and less advanced features. However, 365Trading does provide the popular MetaTrader 4 platform for more sophisticated traders. For beginners, Quotex is easier to navigate but 365Trading would also suffice.

Product Selection

Both brokers offer a wide range of CFDs on forex, commodities, stocks, indices, and cryptocurrencies. 365Trading has a slightly larger selection of CFDs on stocks and ETFs, especially on US markets. Quotex offers a wider choice of cryptocurrency CFDs. Overall, most traders should be satisfied with the asset selection at either broker.

Fees and commissions

In terms of fees, Quotex and 365Trading are very comparable. They both charge no commissions on CFD trades and make money through spreads. Spreads are consistently low and competitive across the industry at both brokers. One advantage of 365Trading is they do not charge any monthly inactivity fees, while Quotex charges $10 per month if there are no trades for 90 days. For most active traders, fees should not be a determining factor in choosing between these two brokers.

Account Options

Quotex and 365Trading offer similar account options for retail traders. They provide standard, premium and professional accounts with comparable features. Account funding and withdrawal options are also essentially the same at both brokers. One difference is that 365Trading has higher minimum deposits for their premium and professional accounts.

Overall, Quotex and 365Trading are two of the leading CFD brokers with comparable offerings. For new traders, Quotex has a slight edge due to their simpler platform and lower fees. More advanced traders would do well at either broker. Both are regulated and trusted in the industry. The final choice comes down to personal preference for platforms, products, and account types. With two strong options, traders cannot go wrong with either Quotex or 365Trading.

Conclusion

As you can see, both Quotex and 365Trading have their strengths and weaknesses when it comes to CFD trading. Quotex offers lower spreads and more advanced charting tools, while 365Trading provides access to more markets and has a larger selection of trading platforms. When choosing between these top brokers, consider your trading style, platform needs, available markets, and any regional restrictions. Analyze the fee structures to find the most cost-effective choice for your trading frequency and volume. While both brokers offer solid choices, Quotex may be better for active traders wanting low costs, while 365Trading suits casual traders needing flexibility. By understanding these key differences, you can determine which broker matches your priorities as a trader.