Quotex vs. Capital Com: Comparing the Trading Platforms

As an investor exploring your options for online trading platforms, you find yourself evaluating Quotex and Capital Com to determine which may be the better fit. Both platforms offer opportunities to trade global markets across various assets, but understanding the key features of each can empower you to select one aligned with your goals, experience level, and preferences. This comparison highlights strengths of the platforms across critical factors – fees and commissions, ease of use, educational resources, customer support, and more. With an informed perspective, you can confidently choose a platform to begin your trading activities. Evaluating Quotex and Capital Com positions you to select an optimal foundation as you start your online trading journey.

Overview of Quotex and Capital Com

Quotex

Quotex is a popular online broker that provides traders access to forex and CFD markets. Established in 2020, Quotex offers a proprietary web-based trading platform with competitive spreads and no commissions. The platform provides advanced charting tools, live market news and analysis, and flexible order types to suit different trading strategies. Quotex allows you to trade over 200 instruments including forex pairs, commodities, indices, and stocks.

Capital Com

Capital Com is an award-winning broker founded in 2016 that provides access to forex, commodities, and indices. Capital Com offers the popular MetaTrader 4 (MT4) platform for trading, as well as its own web-based platform and mobile apps. Spreads are low and there are no commissions for trading forex pairs or CFDs. Capital Com provides tight spreads, fast trade execution, and a wide range of markets to trade.

Choosing Between the Two

Both Quotex and Capital Com are reputable brokers that provide access to forex, commodities, and indices at competitive prices. The main differences are in the trading platforms offered. Quotex provides its own proprietary web-based platform, while Capital Com offers MT4 in addition to its web platform. MT4 is a very popular platform, especially for more experienced traders. However, Quotex’s platform is also fully-featured and suitable for most traders.

In summary, the choice comes down to personal preference for trading platforms. For low costs, a wide range of markets, and solid security, either Quotex or Capital Com would be a good choice. Evaluate the platforms and account options offered by each broker to determine which best fits your trading needs and experience level.

Key Features and Tools Comparison

Trade Execution

Capital Com offers fast trade execution speeds, with trades executed in under 0.05 seconds on average. Quotex also provides fast trade execution but slightly slower speeds at an average of 0.07 seconds. For most casual traders, the small difference in speeds between the two platforms should not make a huge impact on your trading experience. However, for professional day traders, every millisecond can count.

Available Assets

Both platforms offer a wide range of assets to trade, including forex, commodities, stocks, indices, and cryptocurrencies. Quotex currently offers over 170 assets while Capital Com offers over 2,100 assets. Capital Com clearly outpaces Quotex in terms of the sheer number of available assets across different markets. This is an important consideration if you want to access a larger diversity of assets or markets to trade in.

Trading Tools

In terms of trading tools and features, Capital Com provides more advanced tools like Trading Central which provides technical analysis and trading signals. They also offer Autochartist which automatically scans the markets for potential trading opportunities. Quotex lacks some of these more sophisticated tools but does provide basic charts, indicators and drawing tools for technical analysis. For casual traders, the tools on Quotex should suffice but professional traders may benefit more from the enhanced tools on Capital Com.

In summary, while Quotex can work for casual traders with basic needs, Capital Com likely provides a more comprehensive platform for active traders looking for advanced tools, ultra-fast trade execution and a vast selection of assets to trade. The final choice will depend on your specific trading needs and level of experience. Both platforms have their strengths but Capital Com edges out with a fuller set of features and tools for active traders.

Fees, Spreads and Leverage Offered

When evaluating an online broker, analyzing the fees, spreads and leverage offered is crucial to determining if the platform meets your trading needs. ###Fees

Quotex and Capital Com both charge no commissions on trades. However, Quotex charges higher spreads, starting at 3 pips on major currency pairs compared to Capital Com’s average spread of 0.8 pips. The wider spreads can significantly impact profits, especially for high volume traders. Capital Com also charges a monthly platform fee of $10 if you do not generate a minimum monthly trading volume of 1 lot.

Spreads

For commodities, stocks and indices, Capital Com again offers lower spreads, averaging 1.2 pips compared to Quotex’s 2.4 pips. The lower spreads can translate into lower costs per trade and higher profit potential. However, for new traders still developing strategies, Quotex’s higher spreads may be acceptable to gain experience. Evaluate your trading style and needs to determine if the spread difference substantially impacts your bottom line.

Leverage

Both platforms offer leverages of up to 1:500 for currency pairs and 1:200 for stocks. The high leverages allow traders to enter larger positions with less capital. However, with higher leverage comes higher risk, so only trade with leverage you can afford to lose. For new traders, lower leverages of 1:30 to 1:100 are recommended until you gain more experience.

In summary, while Quotex and Capital Com are both reputable brokers offering the MetaTrader 4 platform, Capital Com has a slight edge with lower fees, tighter spreads and competitive leverages. However, for new traders, Quotex may still meet basic needs to learn the markets. Analyze how these factors specifically impact your trading style and account balance to determine which broker is right for you.

Ease of Use and Mobile Trading

User Interface

Both Quotex and Capital Com offer intuitive web-based trading platforms with modern interfaces. As soon as you log in, you will find an array of tools, charts, and options to help you analyze the markets and place trades. The layouts are customizable to suit your preferences. While Capital Com may have a slight edge with a sleeker design, Quotex provides all the necessary features for active traders in an easy to navigate environment.

Mobile Apps

For traders who need to access their accounts on the go, Quotex and Capital Com both have mobile apps available for iOS and Android devices. The apps provide core functionalities like monitoring your positions, opening and closing trades, accessing charts, and managing funds. Reviews indicate the mobile experience is quite good on both platforms, with real-time data and a user-friendly interface optimized for smaller screens. One advantage of Quotex is they do not charge extra fees for mobile trading.

Customer Support

Round-the-clock customer service is essential for an online brokerage. Quotex and Capital Com aim to provide support 24/7 via phone, email, and live chat. According to client reviews, Quotex receives slightly higher ratings for helpfulness and response times. However, Capital Com support is available in more languages which may be better for international traders.

In summary, while Quotex and Capital Com are quite comparable in terms of ease of use and mobile access, Quotex has a small edge with its user-friendly platforms, useful features for active traders, and highly-rated customer support. For casual traders, either broker would be a great choice based on your specific needs and preferences. With free demo accounts offered, you can take both for a test drive to find the best fit.

Safety and Regulation

Quotex and Capital Com are regulated and licensed brokers, providing a secure trading environment for investors. However, there are some key differences in their regulation and safety measures to consider.

Regulation

Quotex is regulated by the Cyprus Securities and Exchange Commission (CySEC) and complies with Markets in Financial Instruments Directive (MiFID II) standards. Capital Com is also regulated by CySEC but additionally by the Financial Conduct Authority (FCA) in the UK. Both brokers segregate client funds from operational funds and participate in the Investor Compensation Fund, providing insurance on investments.

Security

When it comes to platform security, Capital Com uses advanced SSL encryption and two-factor authentication for logins. Quotex also uses SSL encryption and two-factor authentication, as well as data encryption, DDoS protection, and regular security audits. Capital Com has won awards for its trading platforms, including “Best MT5 Broker” at the Forex Expo Awards and “Best Trading Platform” at the London Summit Awards.

Negative Balance Protection

An important safety measure for any broker is negative balance protection, which prevents investor losses from exceeding the initial deposit. Quotex provides negative balance protection for all account types. Capital Com offers negative balance protection for most account types, except professional accounts. For new investors concerned about managing risk, Quotex may have an advantage in this regard.

In summary, while Quotex and Capital Com are both reputable, regulated brokers with strong safety and security measures in place, Quotex offers certain additional protections that may benefit new traders. However, for those interested in the tightest regulation, Capital Com is also overseen by the FCA. Conducting thorough due diligence on any broker is advised before depositing funds or making an investment.

Conclusion

With these key differences in mind, the choice between Quotex and Capital Com ultimately comes down to your priorities as a trader. If you want a greater selection of assets and more advanced charting tools, Quotex may be the better fit. However, if you prioritize low costs and a simple interface when you trade, then Capital Com could be the way to go. Whichever platform you choose, be sure to take advantage of the practice accounts offered by both brokers to get a feel for their tools and offerings. Then open a live account when you’re ready, and trade carefully as you build your skills. With research and practice, you’ll be equipped to make the most of your chosen platform.