Quotex vs Admiral Markets: Which Broker Is Better in 2024?


As an aspiring trader seeking a reputable online broker, you find yourself evaluating Quotex and Admiral Markets. Both platforms offer extensive assets and advanced tools, but have differences in pricing, platforms, and overall service. This article provides an unbiased comparison of the two brokers, assessing their trading conditions, fees and commissions, platform capabilities, educational resources, and customer support. With research-backed insights into each broker’s strengths and weaknesses, you will gain clarity on which better suits your trading needs as a beginner or experienced trader. After reviewing the key similarities and differences between Quotex and Admiral Markets, you will be equipped to confidently select the ideal broker to start your trading journey.

Quotex vs Admiral Markets: Key Differences

Account Types and Trading Platform

Both Quotex and Admiral Markets offer demo accounts for new traders, as well as live trading accounts. However, Quotex only provides one standard live account, while Admiral Markets offers several account types for different trader levels.

Admiral Markets also offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, in addition to its own Admiral Markets platform. Quotex only provides its own proprietary web-based platform, which may appeal more to beginner traders looking for an easy-to-use interface.

Instruments and Markets

Admiral Markets allows traders to access more markets, offering forex pairs, cryptocurrencies, indices, stocks, bonds, ETFs, and commodities. Quotex focuses primarily on major and minor forex pairs, as well as some major indices and cryptocurrencies. Traders looking for the widest range of tradable assets may prefer Admiral Markets.

Fees and Spreads

Admiral Markets is generally more affordable in terms of fees and spreads. Quotex charges higher spreads, does not offer spread rebates, and levies additional withdrawal and inactivity fees. However, Quotex does not charge any commission. Both brokers offer negative balance protection and do not charge overnight interest on leveraged positions for most forex pairs.

Regulation and Safety

Admiral Markets and Quotex are both regulated brokers, but Admiral Markets has a longer operating history and is regulated in more jurisdictions. Admiral Markets is regulated by ASIC, CySEC, and the FCA, while Quotex is regulated by the FSA of Seychelles. Traders concerned with maximum security may feel more comfortable choosing a broker with a proven track record and more extensive regulation.

In summary, while Quotex can be suitable for new forex traders looking for an easy-to-use platform, Admiral Markets is likely preferable for most traders seeking lower costs, access to more markets, and maximum regulation and security. Both brokers offer demo accounts that can help in determining which platform and offerings are the best fit for your needs.

Fees and Commissions Comparison

Account Opening and Maintenance

When opening a trading account with either Quotex or Admiral Markets, no initial deposit is required. However, to start trading you will need to fund your account. The minimum deposit for Quotex is $10 while for Admiral Markets it is $200. In terms of account maintenance fees, Quotex does not charge any monthly or inactivity fees. Admiral Markets charges a monthly fee of $10 if the account has been inactive for 2 years.

Commission and Spreads

Quotex operates on a spread-only model with no commissions. The spreads are floating and start from 0.0 pips. Admiral Markets also has a spread-only model for their ECN account with variable spreads starting from 0.0 pips. For their standard account, Admiral Markets charges a commission of $3 per lot in addition to the spread. The spreads on the standard account are fixed and wider, starting from 1.2 pips.

Withdrawal Fees

Both Quotex and Admiral Markets allow one free withdrawal per month. Additional withdrawals will incur a charge of $30 for Quotex and $35 for Admiral Markets. Bank wire transfers typically take 2-5 business days to process for Quotex and 3-5 days for Admiral Markets. Other options like Skrill or Neteller may be faster, within 1 business day, but additional fees may apply.

In summary, while Quotex has lower fees overall, Admiral Markets can also be very competitive if using their ECN account option. For traders looking to minimize costs, either broker can be a good choice if selecting the right account type and withdrawal method. The final decision will come down to individual preferences for platforms, instruments, and educational resources.

Trading Platforms Offered

Both Quotex and Admiral Markets offer industry-leading trading platforms for traders of all experience levels. ###Quotex provides access to a proprietary web-based platform as well as the popular Metatrader 4 (MT4) and Metatrader 5 (MT5) platforms. The Quotex platform is simple to use and geared toward beginner traders, while the MT4 and MT5 platforms offer more advanced tools for experienced traders.

In contrast, Admiral Markets focuses primarily on the MT4 and MT5 platforms, which are available as web-based, desktop, and mobile applications. The MT4 platform is considered an industry standard and provides an array of advanced tools for technical analysis, trading automation, and strategy backtesting that would suit the needs of professional and institutional traders. However, the MT4 interface can appear dated and complex for novice traders. The MT5 platform offers a more modern interface, additional trading tools, and access to equities and futures markets in addition to forex, but it is still best suited for intermediate to advanced traders.

In summary, while Quotex may have a slight edge for beginner traders with its proprietary platform, both brokers offer the popular MT4 and MT5 platforms for more seasoned traders. The choice comes down to personal preference for interface and tools. However, for traders who prefer an all-in-one solution, Admiral Markets has a slight advantage by focusing primarily on the MT platforms.

With either broker, you will have access to a platform that suits your experience level and needs as a trader. The key is taking time to explore the demo versions to find the right tools and features for your trading strategy before going live. An investment in education and practice can pay significant dividends. Both Quotex and Admiral Markets offer resources to help traders make the most of their chosen platforms.

Asset Classes and Markets Available

When it comes to the range of assets and markets available to trade, Quotex and Admiral Markets offer very similar options. Both brokers provide access to thousands of financial instruments across major asset classes like forex, commodities, stocks, indices, ETFs and cryptocurrencies. However, there are some differences in the specific markets and instruments available.


Forex traders will find a wide selection of major, minor and exotic currency pairs with both Quotex and Admiral Markets. Admiral Markets offers access to over 55 currency pairs, while Quotex provides 50+ pairs. The major pairs like EUR/USD and GBP/USD are available with both brokers. More exotic pairs may differ between the two.


For commodities trading, Quotex provides access to 12 of the most popular commodities like gold, silver, crude oil and natural gas. Admiral Markets offers a slightly wider range of 17 commodities including cocoa, coffee, cotton, and more. So for the major commodities, either broker would suit well, but Admiral Markets provides more choice for those interested in soft commodities and agricultural products.

Stocks and Indices

Both brokers offer CFD trading on thousands of global stocks and major stock indices like the S&P 500, FTSE 100, DAX, and Nikkei 225. Admiral Markets provides access to over 7,500 stocks across 25 exchanges while Quotex offers 5,000+ stocks. For stock index trading, Quotex has a small advantage with 65 indices available versus 50 with Admiral Markets.

ETFs and Cryptocurrencies

For ETFs and cryptocurrency trading, Quotex has a clear advantage. They offer 1,000+ ETFs and 15 major cryptocurrency pairs including BTC/USD and ETH/USD. Admiral Markets currently does not provide access to ETF or cryptocurrency trading.

Overall, while Quotex and Admiral Markets are quite comparable in the range of traditional asset classes offered, Quotex stands out with its selection of ETFs and cryptocurrencies. For most forex, commodity, stock and index traders though, either broker would suit well based on the instruments and markets available.

Safety and Regulation

When choosing an online broker, an important consideration is the safety and regulation of your funds and data.

Government Oversight

As a regulated broker, Quotex operates under the oversight of the Cyprus Securities and Exchange Commission (CySEC). This means Quotex must follow stringent rules around fund segregation, capital requirements, and reporting. Admiral Markets is also regulated, by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and CySEC. Regulation provides an additional layer of security for traders.

Data Protection

Both Quotex and Admiral Markets are obligated to protect clients’ personal data under privacy laws like the General Data Protection Regulation (GDPR). They employ strong data security measures like SSL encryption, two-factor authentication, and data minimization. However, as web-based platforms, there is always a risk of data breaches from cyber threats. Traders should enable all available security features and be wary of phishing emails.

Negative Balance Protection

As regulated brokers, Quotex and Admiral Markets offer negative balance protection. This means traders cannot lose more than the total funds in their account. The broker will cover any negative balance in the event of extreme market volatility. This protection gives traders confidence to utilize leverage responsibly without fear of open-ended losses.

Fund Segregation

Client funds are held in segregated bank accounts by Quotex and Admiral Markets and are not used for any operational expenses or other purposes. This ensures that client funds are secure and available for withdrawal at any time, even in the unlikely event of broker insolvency. Segregated funds provide an important safeguard for traders.

In summary, Quotex and Admiral Markets offer comparable levels of safety and regulation as overseen brokers. Regulation, data security, negative balance protection, and fund segregation provide traders with reassurance and allow them to focus on their trading strategies. For most traders, the security offered by either broker should be sufficient. However, individual traders should evaluate which broker’s specific regulatory compliance and data policies meet their own needs.


In summary, both Quotex and Admiral Markets offer competitive pricing, a wide range of tradable assets, and strong research tools. However, Quotex may have a slight edge for more active traders or those focused on cryptocurrencies, with features like unlimited demo accounts, lower spreads, and access to more digital asset CFDs. Admiral Markets provides more advanced charting and analysis capabilities that appeal to technical traders. Ultimately, the choice comes down to your trading style, preferred markets, and need for research tools. Carefully compare commission structures, platform features, asset classes, and customer service when deciding between Quotex and Admiral Markets to determine the best broker for your needs.