Quick summary

IQ Option wins on regulation (CySEC), asset variety (300+) and track record (since 2013). Quotex wins on payouts (up to 98%), platform speed and built-in signals. See the criterion-by-criterion comparison below.

Regulation

IQ Option: regulated by CySEC (247/14), the most respected regulator for binary options. Segregated accounts in European banks.

Quotex: offshore registration in the Seychelles (Awesomo Ltd). No tier-1 regulation.

🏆 Winner: IQ Option

Payouts

IQ Option: up to 100%. Real average: 70-85%.

Quotex: up to 98%. Real average: 80-92%.

🏆 Winner: Quotex — consistently higher payouts.

Platform

IQ Option: web + desktop (Win/Mac) + iOS/Android app. The most complete.

Quotex: ultra-fast web + Android app. No native iOS app.

🏆 Winner: IQ Option — more options and a better mobile app.

Assets

IQ Option: 300+ (binary options + forex/stock/crypto/ETF CFDs).

Quotex: 400+ (binary options only, including OTC).

🏆 Tie — IQ Option is more diverse; Quotex has more binary assets.

Deposits and withdrawals

Both: $10 minimum deposit and similar methods. IQ Option withdraws in 1-3 days; Quotex in 1-5 days.

🏆 Winner: IQ Option — faster withdrawals.

Verdict: which should you choose?

Choose IQ Option if: you value regulation, need an iPhone app and want CFDs as well as binaries.

Choose Quotex if: you prioritise high payouts, prefer to trade from the browser and want built-in signals.

For most traders, we recommend IQ Option for the extra regulatory safety. See also the full Quotex review.

⚠️ Risk warning

Trading binary options is high risk. The majority of traders lose money.