Quotex vs Deriv — Honest Comparison
At-a-Glance Comparison
| Category | Quotex | Deriv | Winner |
|---|---|---|---|
| Established | 2019 | 1999 (as Binary.com) | Deriv (longest track record in industry) |
| Regulation | SVG (Awesomo Ltd) | MFSA (Malta), LFSA (Labuan), BVI | Deriv (multi-regulator) |
| Minimum deposit | $10 | $5 | Deriv |
| Welcome bonus | Up to 120% with promo | No bonus (regulated brokers can't offer) | Quotex |
| Maximum binary payout | Up to 98% OTC | Up to 90% | Quotex |
| Product range | Binary, Digital options | Binary, Digital, CFDs, MT5, Synthetic indices | Deriv |
| Total assets | 400+ binary | 100+ binary + MT5 universe | Tie (different categories) |
| MT5 platform support | No | Yes — full MT5 | Deriv |
| Synthetic indices (24/7) | OTC only | Yes — Volatility 75, Boom/Crash, etc. | Deriv |
| EU/UK availability | Not available | Available (MFSA regulated) | Deriv for EU/UK |
| Demo balance | $10,000 | $10,000 unlimited refill | Tie |
Regulation: Deriv's Major Advantage
Deriv operates under multiple regulator licenses including MFSA (Malta Financial Services Authority — tier-2 EU), LFSA (Labuan Financial Services Authority — Malaysia), BVI Financial Services Commission, and others. This multi-regulator structure provides: client fund segregation requirements; investor compensation scheme protection in some jurisdictions; mandatory disclosure standards; complaints handling through regulator-approved processes. Quotex operates under SVG with no equivalent tier-2 regulator. For traders prioritizing regulator protection, Deriv has a significant structural advantage.
Product Range Difference
Deriv offers a broader product range than Quotex including full MT5 platform support and synthetic indices.
- Binary options — Both offer (Quotex higher payouts)
- Digital options — Both offer
- CFDs (Contracts for Difference) — Deriv only
- MT5 (MetaTrader 5) full platform — Deriv only
- MT5 traditional indicators and EAs — Deriv only
- Synthetic indices (Volatility 75, Boom 500/1000, Crash 500/1000) — Deriv only (these are unique to Deriv)
- OTC binary pairs (weekend trading) — Both offer (Quotex more OTC variety)
- Direct exchange-listed options — Neither offers
Synthetic Indices: Deriv's Unique Product
Deriv's synthetic indices (Volatility 75 Index, Volatility 100 Index, Boom 500 Index, Crash 500 Index, etc.) are proprietary algorithmically-generated price series that trade 24/7 and behave like asset classes but are not tied to real markets. They are designed to give traders something to trade when real markets are closed, with consistent volatility characteristics. Synthetic indices have a niche following — many trading communities form around them. Quotex's closest equivalent is its OTC pairs, but OTC tracks real forex with a delay rather than being purely algorithmic. If you want synthetic indices, Deriv is the only platform between the two.
Binary Options Payout Comparison
| Asset | Quotex Payout | Deriv Payout |
|---|---|---|
| EUR/USD | 88–92% | 82–88% |
| GBP/USD | 86–90% | 80–85% |
| BTC/USD | 85–88% | 80–85% |
| Gold | 85–90% | 78–84% |
| EUR/USD OTC / Synthetic | 92–96% (OTC) | 85–88% (Volatility 75 closest equivalent) |
Mobile App and Trading Interface
Both platforms have functional mobile apps. Deriv's app is more feature-rich (it supports MT5 alongside binary), which also makes it more complex. Quotex's app is more focused (binary only) and consequently simpler to use. For traders who want only binary, Quotex's mobile is more streamlined. For traders who want MT5 mobile access alongside binary, Deriv is the only option.
- Quotex Android: 4.4/5 — focused on binary trading
- Deriv Android: 4.2/5 — multi-product but more complex UI
- Deriv has the MT5 mobile app available separately for true MT5 trading
- Both support biometric login and push notifications
Which Platform Suits You?
| If you want | Choose |
|---|---|
| EU/UK regulated platform | Deriv (MFSA-regulated) |
| Maximum binary payouts | Quotex |
| Welcome bonus | Quotex |
| MT5 platform with EAs and indicators | Deriv |
| Synthetic indices (Volatility 75, Boom/Crash) | Deriv (unique to them) |
| Pure binary options focus | Quotex |
| Longest broker track record | Deriv (since 1999) |
| Multi-regulator coverage | Deriv |
Quotex vs Deriv FAQ
Is Deriv safer than Quotex due to regulation?
Yes from a regulator-protection perspective. Deriv's MFSA license provides specific consumer protections under EU MiFID II framework including segregated client funds at tier-1 banks, investor compensation scheme participation, and regulator-handled complaints. Quotex's SVG framework does not provide equivalent protection. If regulator-backed protection matters to you, Deriv is safer.
Why does Quotex pay higher than Deriv on binary?
Two reasons: (1) Quotex specializes only in binary/digital options whereas Deriv splits resources across multiple product categories (binary, MT5, synthetics, CFDs); (2) Deriv's regulatory framework requires certain payout cap practices to comply with consumer-protection rules in regulated jurisdictions. The trade-off: Quotex's higher payouts come with weaker regulator backstop.
Can I run MT5 EAs on Quotex?
No. Quotex is a binary options platform with proprietary charting interface — no MT5 support, no Expert Advisor (EA) support. If you have MT5 EAs you want to use, only Deriv supports them between the two platforms.
Which platform is better for absolute beginners?
Quotex's interface is simpler because it offers only binary trading. Deriv's multi-product platform can overwhelm complete beginners with too many choices. For absolute beginners, Quotex is more approachable. After 3–6 months when you understand binary fundamentals, Deriv's broader product range becomes valuable for diversification.
Can I trade synthetic indices anywhere except Deriv?
Not in the same form. Deriv's synthetic indices (Volatility 75, Boom 500, Crash 500) are proprietary to Deriv. Other platforms have similar concepts (OTC pairs on Quotex, weekend synthetic indices on a few smaller platforms) but Deriv's synthetics have the strongest community and the deepest trading data. If synthetic indices are core to your strategy, Deriv is essentially mandatory.
Should I have accounts on both Quotex and Deriv?
Many serious traders do. Use Quotex for higher-payout binary trades during active market hours; use Deriv for MT5 trading or synthetic indices when binary opportunities are thin. Each account is independent. The diversification across platforms also protects against any single platform issue (downtime, regulatory action, etc.).
Quotex
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