Exnova and Quotex – both platforms have long been popular with traders. Both brokers have provided traders with exceptional features to help them trade smoothly. They have a large customer base and good reviews.
However, the two brokers are different. So in this article, we will compare the features, benefits, and specifics of each broker and draw a conclusion. If you want to choose one of these brokers, consider this Exnova vs Quotex review – it will help you choose the broker that best suits your trading needs.
Let us now compare the two trading platforms to see which one best suits your trading needs.
Exnova vs. Quotex – Full comparison:
This Exnova vs. Quotex comparison takes into account all the things that traders look for in their preferred broker:
| Feature: | Exnova: | Quotex |
|---|---|---|
| ⭐ Rating (based on this review): | 8/10 | 9/10 |
| 💰 Minimum deposit: | $10 | $10 |
| 💵 Minimum trade: | $1 | $1 |
| 🖥 Demo account: | Yes, a free practice trading account is available with $10,000 in virtual funds | Available |
| 🖥 Trading instruments: | 250+ assets, including forex, stocks, commodities, indices, binary options, and digital options. | 250+ assets, including forex, stocks, commodities, indices, binary options, and digital options. |
| 📊 Tools and technical indicators: | Available, including trading signals, economic calendar, market analysis and technical analysis | Available |
| 💻 Charting: | Yes | Yes |
| 📈 Auto trading: | Yes | No |
| 🎁 Deposit bonus: | No | Yes, up to 100% with the code ‘BObroker50’ |
| 💻 Educational resources: | Available, including trading courses, e-books, video tutorials, webinars, and more. | Available |
| 📞 Customer support: | 24×7 customer support is available | 24×7 customer support is available through chat and email |
| 🧮 Withdrawal fee: | Yes, withdrawal fees are applicable, and they vary depending on the withdrawal method and currency type. Typically, Exnova charges a withdrawal fee of 2% of the withdrawal amount | There are no additional fees for withdrawal |
#1 Minimum deposit amount
Starting on a platform with a low minimum deposit is obviously more attractive. From a minimum deposit perspective, both Exnova and Quotex appear to be decent platforms. Both the minimum Quotex deposit and minimum Exnova deposit are $10. This is a comfortable amount for beginners to start trading with.
| Specification: | Quotex: | Exnova: |
|---|---|---|
| Rating (based on this comparison): | 10 / 10 | 9 / 10 |
| Minimum deposit: | $ 10 | $ 50 |
| Deposit/withdrawal fees: | No | Deposit/withdrawal fees: |
| Payment methods: | Credit cards, crypto, local bank transfers, electronic wallets | Credit cards, crypto, local bank transfers, electronic wallets |
| Withdrawal duration: | Maximum 3 business days (often after a few hours) | Maximum 3 business days (often after a few hours) |
#2 Minimum trade value
If you are not an experienced trader, you would not want to place a trade with a significant amount. It is therefore important to consider the minimum trade value set by the broker. The minimum trade value on both platforms is $1, so traders can place trades as small as $1 with no upper limit.
| Specification: | Quotex | Exnova |
|---|---|---|
| Rating (based on this comparison): | 10 / 10 | 10 / 10 |
| Minimum trade value: | $ 1 | $ 1 |
#3 Demo account
A demo account is the perfect tool for both new and experienced traders. Beginners can use it to start trading. Experienced traders can use the demo account to practice their trading strategies.
You can find a free demo account on Exnova. The same is true for Quotex. You can get access to a free Quotex demo account to practice new trading strategies. Traders get $10,000 in virtual funds in their demo accounts with both brokers. It is a replenishable account. So, if a trader exhausts funds in his trading account, both brokers refill it for traders.
| Specification: | Quotex | Exnova |
|---|---|---|
| Rating (based on this comparison): | 10 / 10 | 10 / 10 |
| Virtual funds: | $ 10,000 | $ 10,000 |
#4 Trading instruments
Traders should join a trading platform that offers a wide range of underlying assets. This will help them to diversify their trades. Exnova offers traders more financial instruments. Traders can build a diversified portfolio by choosing from the 250 underlying assets it offers.
Quotex also offers a large number of underlying assets. However, the number of assets is less than what’s available on Exnova.
| Specification: | Quotex | Exnova |
|---|---|---|
| Rating (based on this comparison): | 8 / 10 | 10 / 10 |
| Return on investment: | Up to 95% | Up to 95% |
| Binary Options: | Yes | Yes |
| Forex / CFD Trading: | No | Yes |
| Assets: | 100+ (crypto, currencies, stocks, indices, commodities) | 250+ (crypto, currencies, stocks, indices, commodities) |
| OTC trading: | Yes | Yes |
| Trade execution: | 0,5 ms | 0,5 ms |
#5 Tools and technical indicators
There are many tools and technical indicators that ease a trader’s trading journey. Exnova and Quotex offer traders advanced trading tools. These include trading indicators, binary options charts, etc.
However, the charting facility is much better on Quotex. Exnova offers traders limited charting facilities.
| Specification: | Quotex | Exnova |
|---|---|---|
| Rating (based on this comparison): | 10 / 10 | 6,5 / 10 |
| Charting facilities: | Excellent | Limited |
#6 Auto-trading
Both trading platforms allow traders to indulge in automated trading. Traders can use the Exnova robot to automate trading on the platform. Similarly, Quotex offers traders a Quotex robot that they can use to trade.
| Specification: | Quotex | Exnova |
|---|---|---|
| Rating (based on this comparison): | 10 / 10 | 10 / 10 |
| Auto Trading: | Yes | Yes |
#7 Deposit bonus
When traders sign up on Quotex and deposit funds for the first time, the broker allows them to enjoy a Quotex bonus for deposits. The deposit bonus percentage may vary depending on the amount of money a trader deposits into their trading account.
Exnova does not offer a deposit bonus to traders. Therefore, considering the deposit bonus, Quotex seems to be the better choice for traders.
| Specification: | Quotex | Exnova |
|---|---|---|
| Rating (based on this comparison): | 8 / 10 | 0 / 10 |
| Deposit bonus: | Up to 100% (on special events), usually at 30% | / |
| Cashback bonus: | Up to 10% | / |
| Risk-free bonus: | Available | / |
| Balance bonus: | Available | / |
| Percentage of turnover bonus: | Available | / |
| Bonus turnover: | 100x of the bonus amount | / |
| Free lottery: | No | / |
Get a free deposit bonus of 50% at Quotex with our promotion code “bobroker50“
You can only use this bonus code by signing up via our website.
(Risk warning: Trading involves risks)
#8 Educational resources
Exnova offers a lot of educational content for traders. Traders can learn through video tutorials, etc. However, compared to Quotex, Exnova’s educational resources are limited.
Quotex has an abundance of webinars, trading journals, magazines, etc. that are really beneficial for traders to improve their trading game.
| Specification: | Quotex | Exnova |
|---|---|---|
| Rating (based on this comparison): | 10 / 10 | 7 / 10 |
| Educational resources: | Available | Available |
#9 Withdrawal fees
Traders need to consider withdrawal fees when choosing an online trading platform. Quotex is a preferred online trading platform when it comes to withdrawal fees. Traders experience free deposits and withdrawals on Quotex.
However, Exnova charges traders an Exnova fee after their first Exnova withdrawal. Traders will only receive free withdrawals every month with Exnova. If you choose to trade with Quotex, you will not be restricted in this way.
| Specification: | Quotex | Exnova |
|---|---|---|
| Rating (based on this comparison): | 10 / 10 | 7 / 10 |
| Withdrawal fees: | No withdrawal fees on Quotex | Apply |
#10 Customer support
Both brokers offer traders 24×7 customer support. This means that traders can contact customer service to resolve any issues while trading online.
| Specification: | Quotex | Exnova |
|---|---|---|
| Rating (based on this comparison): | 10 / 10 | 10 / 10 |
| Customer support: | 24/7 Quotex support availability | 24/7 Exnova support availability |
Now that we have fully compared the two brokers, here is a brief interim conclusion. As you can see, Quotex comes out on top in terms of the overall score. However, let’s take a look at the specifications of each trading platform before coming to a final conclusion.
What is Exnova? – Overview of the broker
Exnova is an online broker that has a great range of assets for traders. It is a great platform for trading binary options, digital options, stocks, commodities, indices, etc. There are over 250 financial instruments available on Exnova. The broker extends its services globally.
Compared to Quotex, Exnova is a new broker. However, it has attracted many traders due to its remarkable features. Traders get a lot of features on Exnova. There are many benefits of trading on Exnova that make traders stick to this trading platform.
Here are some benefits that traders can expect Exnova to deliver:
Advantages of Exnova
- The broker offers traders a quick Exnova signup process. Creating a trading account takes just a few minutes.
- Exnova offers a free demo account where traders can practice trading.
- The availability of more than 250 underlying assets on Exnova allows traders to diversify their trades.
- Exnova offers its services globally. Traders can access this trading platform in multiple languages.
- Traders can use leading and automated tools.
- 24×7 customer support. So, if a trader finds himself in trouble while trading can contact customer support anytime.
- The minimum Exnova deposit needed to sign up is only $10.
- Traders are provided with viable deposit and withdrawal methods.
- The execution of trades or orders on the platform is satisfactory.
- Traders can use a live chat function to communicate with other traders.
- The broker offers several features, including price movement alerts and economic calendars, which help traders have better market knowledge.
- Many features on Exnova make managing risks simple. For instance, traders can use the stop-loss or take-profit features that help them limit losses.
- Apart from this, traders can also enjoy negative balance protection on Exnova.
(Risk warning: Your capital can be at risk)
What is Quotex? Quick overview
Quotex, on the other hand, is a well-known and established binary options trading platform. This broker has been serving traders since 2019. It offers commodities, cryptocurrencies, forex, stocks, binary options, and indices for trading.
Due to its user-friendly interface traders prefer Quotex. This platform is suitable for both new and advanced traders. Mainly, traders join this platform because of its low minimum deposit amount and trading tools.
Quotex is also a broker with the lowest fees and commissions.
Similar to Exnova, Quotex is present in many countries. Traders can also choose the language in which they wish to operate the platform.
So have a look at the benefits that Quotex offers traders:
Advantages of Quotex
- Quotex offers great investment plans for traders. There are opportunities for trading more than 40 financial instruments.
- Traders get several advanced features on Quotex. Traders can trade from a mobile phone as well as from a PC.
- The minimum deposit on Quotex is $10.
- Easy withdrawals on Quotex
- Traders can initiate trading by placing an order of only $1.
- Quotex fees and commissions charged for trading are very low. The minimum spread value starts at $1. Also, traders get great leverage when trading on Quotex.
- Traders can enjoy up to 90% payout when trading binary options with Quotex.
- Traders can use the trading platform in more than five languages.
(Risk warning: Your capital can be at risk)
You now have a good overview of both platforms. This can be particularly helpful if you are looking for specific features. Now for the all-important conclusion.
Final conclusion – Quotex wins the comparison
In summary, both Exnova and Quotex offer unique features and benefits that appeal to traders with different needs and preferences, but Quotex clearly wins the comparison in terms of overall score.
This broker has superior charting features, a deposit bonus and no withdrawal fees, making it a cost-effective choice for many traders.
While Exnova offers a wider range of trading instruments and global accessibility, Quotex’s user-friendly interface, low fees, and extensive educational resources make it an affordable choice for both new and experienced traders. The choice between Exnova and Quotex is not an easy one and depends on your trading needs. From our research, Quotex wins our comparison and is therefore our preferred choice.
(Risk warning: Your capital can be at risk)
(Risk warning: Your capital can be at risk)
Frequently asked questions about Exnova vs Quotex:
Is Exnova better than Quotex?
These two trading platforms with similar features are not the same. However, there are differences in the assets offered and the fees and commissions. For example, Exnova offers more assets to trade. However, the fees and commissions charged by Quotex are quite affordable.
Which broker has a low minimum deposit – Exnova or Quotex?
Both brokers have similar deposit requirements. For example, traders can deposit a minimum of $10 with both brokers.
Does Quotex charge traders withdrawal fees?
No. Quotex does not charge traders any withdrawal fees. However, traders would be responsible for any fees associated with a particular withdrawal method.
Do both Exnova and Quotex offer demo accounts?
Yes, both brokers offer demo accounts to traders. Traders will receive $10,000 in virtual currency in their demo accounts.
Exnova vs. Quotex: Which platform offers the widest range of trading instruments?
Exnova offers a wider range of over 250 trading instruments, allowing traders to effectively diversify their trades.
What are the payout fees between Exnova and Quotex?
Quotex does not charge a withdrawal fee, so deposits and withdrawals are free. Exnova, on the other hand, charges a fee for more than one withdrawal per month.
Exnova vs Quotex: Which platform offers traders a deposit bonus?
Quotex offers traders a deposit bonus that varies according to the amount deposited. Exnova does not offer a deposit bonus.
How do the educational resources of Exnova and Quotex compare?
Quotex offers a wealth of educational resources, including webinars, trading journals and magazines, which are of great value to traders. Compared to Quotex, Exnova’s educational resources are limited.
Exnova vs. Quotex: Which platform has better charting capabilities?
Quotex has superior charting capabilities compared to Exnova which has limited charting capabilities.
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