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.