Quotex Review:

InformationDetails
BrokerQuotex
Company NameAwesomo LTD
HeadquartersVictoria, Seychelles
RegulationIFMRRC (License number TSRF RU 0395 AA V0161)
US Traders AcceptedYes
Max Payout98%
Bonus30% Match Bonus
Trading PlatformProprietary
Trading appAvailable
Demo AccountYes, unrestricted
Early ClosureNo
Deposit OptionsCoinbase, Bitcoin, Bitcoin Cash, Litecoin, Ethereum, DAI, credit/debit cards, Skrill, Neteller, WebMoney, QIWI
Deposit CurrenciesUS dollar, euro, Great Britain pound, Bitcoin, Brazilian real, Indonesian rupiah, Malaysian ringgit, Indian rupee, Kazakhstani tenge, Russian ruble, Thai baht, Ukrainian hryvnia, Vietnamese dong
Minimum Deposit$10
Minimum Trade$1
Maximum Trade$1,000
Online Since2019
Trading InstrumentsStocks, currency pairs, commodities, indices, cryptocurrencies
Number of Trading Instruments37
Binary Option TypesHigh/Low, 1 minute, 5 minutes
Customer Support TypesEmail, support tickets, web form, paper mail, live chat
Tools OfferedSignals
AwardsNone mentioned
LanguagesEnglish, French, Indonesian, Malay, Portuguese, Thai, German, Spanish, Filipino, Italian, Polish, Russian, Turkish, Vietnamese, Hindi, Arabic, Chinese, Iranian

Quotex is a binary options trading platform operated by Awesomo LTD, which is based in the Republic of Seychelles. Established in 2019, Quotex aims to provide a user-friendly environment suitable for both beginner and experienced traders. With its proprietary trading platform, the broker focuses on enhancing accessibility to binary options trading. Quotex supports a wide range of currencies and languages, catering to a global audience.

One of the notable features of Quotex is its bonus offerings. New users can benefit from a 30% match bonus upon making their first deposit. Additionally, Quotex provides various promotional opportunities such as risk-free trades and cashback options, which are beneficial for traders looking to optimize their trading experience.

Quotex accepts a diverse range of deposit methods, including cryptocurrencies and various credit/debit cards, with a minimum deposit requirement as low as $10. This flexible approach in financial transactions is designed to attract traders with varying capital levels. Moreover, the broker promises quick processing times for withdrawals, aiming to complete requests within three business days.

The platform offers a selection of trading instruments, encompassing stocks, currency pairs, commodities, indices, and cryptocurrencies. Although the broker features limited trading resources and educational materials, the customer support is praised for its accessibility and responsiveness.

Quotex Review: Advantages and Disadvantages

Advantages:

  • Welcome bonus of 30% on the first deposit.
  • Wide range of deposit options including cryptocurrencies.
  • No fees for deposits or withdrawals.
  • User-friendly proprietary platform for trading.
  • Unrestricted demo account for practicing.

Disadvantages:

  • Lack of official regulation.
  • Limited range of assets and trading types.
  • Minimal educational resources available.
  • No tools for advanced trading strategies.
  • Customer support can be limited to specific hours.

This article provides a comprehensive review of Quotex, a binary options broker renowned for its user-friendly platform and various trading features. It delves into the broker’s key attributes, including regulatory status, account setup, deposit and withdrawal methods, promotional offers, trading tools, customer support, and available trading instruments. Understanding these factors can significantly aid traders in making informed decisions about their trading journey.

Quotex Overview

Quotex is a binary options broker operated by Awesomo LTD and is based in Victoria, Seychelles. Since its inception in 2019, Quotex has aimed to provide a user-friendly trading environment accessible to both novice and experienced traders alike. It supports various languages and currencies, broadening its appeal to a global audience.

Regulatory Status

When evaluating any broker, regulatory status is a critical aspect to consider. Quotex claims to be regulated by the International Financial Market Relations Regulation Center (IFMRRC) and holds a license number TSRF RU 0395 AA V0161. However, it is essential to note that IFMRRC is not a government body but an independent regulator that offers dispute resolution for its members. Consequently, traders should be cautious when it comes to the level of protection that Quotex provides, as it may not meet the standards seen with more widely recognized regulatory authorities.

Account Opening Process

The account creation process with Quotex is straightforward. Prospective traders can initiate registration by clicking on the Create Account button prominently displayed on the homepage. Users would need to provide basic information to establish their accounts. Once registered, users can access Quotex’s proprietary trading platform and choose to utilize a demo account or fund their accounts for live trading.

Deposits and Withdrawals

Quotex offers an extensive selection of deposit options and currencies, allowing traders immense flexibility. Traders can deposit funds using various methods, including:

  • Coinbase
  • Bitcoin
  • Bitcoin Cash
  • Litecoin
  • Ethereum
  • DAI
  • Credit and Debit Cards
  • Skrill
  • Neteller
  • WebMoney
  • QIWI

Accepted currencies for deposits span a wide range, including the US dollar, euro, British pound, and various cryptocurrencies. Traders can start with a minimum deposit of just $10, which is particularly beneficial for those new to trading or without a substantial bankroll.

Regarding withdrawals, Quotex does not charge any fees for withdrawal operations. Traders may withdraw through the same method used for the deposits, with a processing time aimed at a maximum of three business days. The minimum withdrawal amount is $10, while withdrawals via Bitcoin have a higher minimum of $50.

Promotional Offers

Quotex provides several promotional offers to enhance the trading experience. New users can benefit from a 30% match bonus on their first deposit. Additionally, users can access a variety of promotional campaigns, found within the Market section of the trading platform, where they can enter promotional codes. These include:

  • Risk-Free Trades
  • Cash-back Offers
  • Balance Bonuses
  • Cancel X Points
  • Percentage of Turnover Bonuses

This range of promotional options sets Quotex apart from many competitors, offering traders opportunities to boost their potential returns.

Trading Platform and Features

The Quotex trading platform is proprietary and designed for simplicity and intuitiveness. It features a clean interface that assists traders in navigating efficiently. The platform allows the selection of trading assets at the top, while traders can choose the direction of their trades—either Up or Down—and set expiration times accordingly.

Quotex boasts a total of 37 assets available for trading, including currency pairs, stocks, commodities, indices, and cryptocurrencies. The primary binary option types available are High/Low, with the ability to set expiration times as short as one minute. The minimum trade size is set at $1, while the maximum allowable trade amount is $1,000, making it suitable for various trader preferences.

Trading Tools

Despite the robust platform, Quotex does not provide an extensive range of trading tools or educational resources. Traders will note the absence of features such as early closure, rollovers, or upholding options, with the only tool offered being trading signals accessible from the interface. It is advisable for users to be knowledgeable about trading strategies to maximize their effectiveness on the platform.

Customer Support

Customer support is vital in the trading experience, and Quotex offers multiple channels to assist users. While direct phone support is not available, traders can reach customer representatives through:

  • Email
  • Support tickets
  • Web form
  • Paper mail
  • Live chat (available post-login)

Users can find the live chat feature in the lower left corner of the platform after logging in. Initial responses from customer support typically occur within a reasonable timeframe, with agents demonstrating friendliness and helpfulness in resolving inquiries.

Quotex provides an expansive trading platform with various features that may appeal to new traders and those with experience. Despite benefits like a user-friendly interface and a range of promotional offers, potential clients should consider the limited regulatory oversight and the lack of educational materials before engaging in trading activities. Always approach trading with caution, especially with unregulated brokers.

Quotex is a binary options broker operated by Awesomo LTD, located in Victoria, Seychelles. Established in 2019, Quotex allows access to various trading instruments including stocks, currency pairs, commodities, indices, and cryptocurrencies. The platform claims to be regulated by IFMRRC, although it is not officially government-regulated.

Quotex offers a generous 30% matching bonus on initial deposits, alongside various promotions like cash-back and risk-free trades. The minimum deposit required is just $10, and the platform supports multiple currencies and cryptocurrencies for transactions. The trading interface is user-friendly, with a selection of 37 assets and a minimum trade starting at $1.

While customer support options include live chat and email, some users have reported concerns regarding the platform’s regulation and available trading tools.

Frequently Asked Questions about Quotex

What is Quotex?

Quotex is a binary options broker that offers a proprietary trading platform for diverse assets.

Is Quotex regulated?

Quotex claims regulation by IFMRRC, but it’s not officially recognized as a government agency.

How do I open an account?

Simply click the Create Account button on the homepage and follow the prompts.

What are the deposit options?

You can deposit using cryptocurrencies and various credit/debit card options.

What is the minimum deposit?

The minimum deposit required is only $10.

Are there any withdrawal fees?

According to Quotex, there are no fees for withdrawals.

What type of promotions does Quotex offer?

Quotex provides a variety of promotions, including a 30% match bonus on your first deposit.

Can US traders use Quotex?

Yes, Quotex is available for traders in the US.

What currencies can I deposit in?

Deposits can be made in multiple currencies including USD, EUR, and various cryptocurrencies.

Is there a demo account available?

Yes, Quotex offers an unrestricted demo account for practice.

What trading instruments can I access?

You can trade a variety of instruments including stocks, Forex, cryptocurrencies, and commodities.

What support options are available?

Support is available via email, live chat, and a ticketing system.

What is the maximum payout on Quotex?

The maximum payout can go up to 98% on successful trades.

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