Quotex Review – Binary Options

Quotex Review Introduction

Founded in 2020 and run by Awesomo LTD, Quotex is a brokerage firm with a focus on binary options trading. Clients have the opportunity to trade in a variety of sectors including currencies, metals, oil, cryptocurrencies, and stock indices, with the potential to earn profits of up to 90% of the option value. Quotex offers a proprietary trading platform that is highly customizable, supports 29 technical indicators, and accepts investments starting from $10. The firm’s team provides round-the-clock support and ensures the safety of clients’ personal and payment information through two-factor authentication. This Quotex review will tell us more about the broker’s features, advantages, and more.

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Quotex is a legal binary options broker

Requirements to Register in Quotex

To gain profits from digital options, it’s necessary to first establish a trading account. This can be accomplished by signing up on the Company’s website. The sign-up procedure is simple and quick, requiring you to fill out a given survey. The details you will need to provide are:

  • your name (in English),
  • your email address (ensure it’s valid and active),
  • your telephone number (including a code, like + 44123 ….),
  • and a password for future log-ins.

To secure your account from unauthorized access, we recommend creating a complex password, comprising of both lower and upper case letters, and numbers, and it’s critical not to share it with anyone. After filling out the registration form, you’ll be shown various options to deposit money into your trading account.

Quotex Account Types

Quotex is a binary options platform that offers a variety of account types to suit different types of traders. Here are the three main account types that they offer:

  • Standard Account: This is the most basic account type offered by Quotex. It is very accessible for beginners or casual traders, as it only requires a minimum deposit of $10 to get started. It includes basic features that can help you get familiar with binary options trading.
  • Pro Account: The Pro Account is designed for more experienced traders who are willing to invest a larger amount. The minimum deposit for this account type is $1000. It offers more advanced features compared to the Standard Account, such as access to additional assets for trading and higher trading limits.
  • VIP Account: The VIP Account is the highest level of account offered by Quotex. It requires a minimum deposit of $5000, making it suitable for serious traders who are ready to invest a significant amount. This account type offers the most benefits and features, including priority withdrawal, a personal account manager, and more extensive trading tools.

Each account type provides different benefits and features, so traders can choose the one that best fits their trading style and investment capacity.

Quotex Demo Account

The Quotex demo account offers a range of features designed to provide users with a comprehensive and realistic trading experience. It grants users access to a virtual fund of $10,000, allowing them to practice and refine their trading strategies without financial risk. In addition to this, the demo account mirrors the live trading platform, which means users can familiarise themselves with the platform’s layout, tools, and functionalities. The demo account also provides real-time market prices, ensuring a realistic trading simulation. Furthermore, it offers a wide range of tradable assets, including stocks, currencies, commodities, and indices. This feature ensures that users can experience and understand the dynamics of various markets. Ultimately, the Quotex demo account is a valuable tool for beginner and experienced traders to learn, practice, and develop effective trading strategies.

Quotex Demo Account

Tradeable Instruments with Quotex

Tradeable instruments with Quotex broker refer to the various financial assets that you can trade on the Quotex platform. Quotex is an online trading platform that offers a wide range of tradable instruments for investors and traders. Various types of tradeable instruments can be traded on Quotex, each with its unique features and advantages.

  • Forex Pairs: Forex pairs are one of the most popular tradable instruments on Quotex. They involve trading two currencies against each other. The platform offers a wide variety of forex pairs, including major, minor, and exotic pairs.
  • Cryptocurrencies: Quotex also provides the opportunity to trade popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, etc. Cryptocurrency trading has gained significant popularity due to its high volatility, which provides ample trading opportunities.
  • Indices: Indices are also available on Quotex. These are a group of stocks that represent a particular market or sector. They provide a reliable snapshot of the overall performance of a particular market or sector.
  • Commodities: Commodities such as gold, silver, oil, natural gas, etc. can be traded on Quotex. Supply and demand factors, geopolitical events, and economic indicators usually influence commodity trading.
  • Stocks: Quotex broker allows traders to trade in various company stocks. Stock trading involves buying and selling shares of specific companies.

Quotex also provides various trading options like binary options and digital options, making it a comprehensive trading platform for different types of traders. It also offers advanced charting tools, indicators, and other features to assist traders in making informed trading decisions.

Quotex Deposit Options

Here are some of the deposit options available on Quotex:

  • Credit/Debit Card: This is one of the most straightforward ways to deposit funds. You can use your Visa, MasterCard, or Maestro cards to make a deposit.
  • Bank Wire Transfer: This method involves transferring money from your bank account directly to your Quotex account. Please note that your bank may charge a fee for this service.
  • Cryptocurrencies: Quotex also accepts deposits in various cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and others.
  • E-Wallets: Quotex supports several e-wallets for deposits, including Skrill, Neteller, Perfect Money, and many others.
  • Local Payment Methods: Depending on your country, you might be able to use local payment methods like local bank transfers, local credit/debit cards, or mobile payment options.

Remember, the availability of these deposit options can vary depending on your location. Always remember to check the fees and processing times associated with each method before making a deposit. The company doesn’t levy any charges for deposit or withdrawal transactions. However, bear in mind that payment systems may impose their own fees and use their own internal currency conversion rates.

Quotex Payment Methods

Quotex Withdrawal Options

  • Credit/Debit Card: This is a common method of withdrawal among users. The processing time for credit or debit card withdrawal is typically 1-3 business days.
  • Bank Wire Transfer: This method is often used for larger amounts. The processing time for bank wire transfers varies and can take up to 5-7 business days.
  • E-Wallets (PayPal, Skrill, Neteller): These are online services that act like a virtual wallet. They are fast and convenient ways to withdraw money. Processing time for e-wallets is usually within 24 hours.
  • Cryptocurrency Wallet: If you have a cryptocurrency wallet, you can also withdraw your funds this way. The processing time for this method is usually within 1-2 hours.

Please note that the processing times are estimates and may vary depending on the payment provider’s processing times and the specific terms and conditions of Quotex. Additionally, verification processes may also affect the withdrawal times. It is recommended to confirm the processing times with Quotex’s customer service or through their website for the most accurate information.

Quotex Review – Trading Platforms

  • Web Version: The web version of Quotex broker is a browser-based platform that allows users to trade directly from the web without the need to download any software. This version is accessible from any computer with an internet connection. It features a user-friendly interface and offers real-time data, advanced charting tools, and a wide range of trading instruments.
  • Desktop App: The desktop app of the Quotex Trading Platforms is a downloadable software that can be installed on a computer. This version usually offers more features and tools than the web version. It is designed for traders who prefer a standalone trading platform that can operate independently from a web browser. The desktop app also offers faster execution of trades, more advanced technical analysis tools, and a customizable interface.
  • Mobile App: The mobile app of the Quotex platform allows traders to trade on-the-go from their smartphones or tablets. This version is compatible with both iOS and Android devices. The mobile app features real-time quotes, a wide range of trading instruments, and the ability to place trades, monitor positions, and manage accounts from anywhere, at any time. It is ideal for traders who want to stay connected to the markets wherever they are.
Quotex Trading Platforms

Quotex Platform Special Features

  • User-Friendly Interface: Quotex boasts a convenient trading interface that simplifies the trading process, making it easy for both beginner and seasoned traders to navigate the market. It offers a seamless trading experience with all necessary charts and data readily accessible.
  • Built-In Signals: The platform provides signals integrated within the system to alert traders of potentially profitable opportunities. These signals, generated from complex algorithms that analyze market trends and predict future prices, assist traders in making informed decisions and maximizing profits.
  • Trading Indicators: Quotex is equipped with a range of trading indicators to help traders identify market trends, patterns, and entry points. These essential tools for technical analysis include Moving Averages, Bollinger Bands, RSI, and MACD, and can significantly boost the success rate of trades.
  • Optimal Speed: Speed is paramount in online trading, hence Quotex ensures all transactions are processed swiftly. Traders can execute trades instantly without experiencing any delays or lag, which is particularly beneficial in rapidly changing volatile markets.

In summary, these special features make Quotex broker a highly effective and efficient platform for online trading. Regardless of your trading experience, these features can aid in making profitable trades.

Is Quotex legal?

Quotex is a legal platform, recognized and regulated by the International Financial Market Relations Regulation Center (IFMRRC). This means that it operates under strict rules and guidelines designed to protect its users. As an online trading platform, Quotex provides a venue for traders to engage in binary options trading with various assets such as currencies, commodities, and stocks. The legality of Quotex assures its users that their transactions are secure, their personal information is protected, and any disputes can be addressed through a formal process. The answer to the question “Is Quotex legit?” is yes, it is a reliable and safe binary options broker.

Is Quotex halal?

Quotex adheres to Islamic principles, making it halal for Muslim traders. The platform operates in compliance with the rules of Islamic finance, which forbids any form of interest (riba) and promotes risk sharing. Quotex ensures that its practices align with these principles, offering a swap-free account with no hidden fees or charges, and providing a transparent trading environment. This attention to the details of Islamic law makes Quotex a halal choice for Muslim traders, fostering ethical trading practices.

Education Resources

Quotex Education and Resources is a comprehensive platform that provides a wide range of educational materials and resources to support individuals in their learning journey in the field of trading. It is essentially designed to cater to the needs of both beginners and experienced traders in understanding the dynamics of the trading world.

The service may include a wealth of online courses, webinars, tutorials, e-books, articles, and blog posts that cover various topics related to trading. These topics can range from the basics of trading, technical and fundamental analysis, risk management, and trading strategies, to more advanced topics like options trading, commodities trading, and forex trading.

The resources provided by Quotex Education may be designed to be interactive and user-friendly, ensuring that learners can easily navigate and comprehend the content. They might also offer one-on-one coaching or mentoring sessions for learners who need more personalized guidance.

In addition to educational content, Quotex Education and Resources might also provide practical tools and resources to help traders make informed decisions. These could include market news updates, trading signals, economic calendars, and analytical tools.

Overall, the goal of Quotex Education and Resources is to empower traders with the knowledge and tools they need to navigate the trading market confidently and successfully. It is a valuable service for anyone interested in trading, whether they are just starting or looking to enhance their existing trading skills.

Customer Support

Quotex Customer Support refers to the customer service team or department of Quotex, a binary options trading platform. This team is responsible for providing assistance and resolving any issues that users may face while using the platform. This can include helping with technical issues, answering queries about the platform, providing guidance on how to use different features, and addressing any concerns or complaints. Quotex Customer Support may be reachable through various channels such as email, live chat, phone calls, or social media, depending on the company’s customer service policy. Their primary role is to ensure customer satisfaction and smooth operation of the platform for all users.

Quotex is legal and legit

Quotex Alternative Brokers

IQ Option, Pocket Option, Expert Option, and Olymp Trade are some of the leading alternative brokers in the trading market. These platforms are renowned for providing quick and easy access to various financial markets, such as forex, stocks, commodities, and cryptocurrencies. IQ Option distinguishes itself with its educational resources for traders. Pocket Option stands out with its social trading features, allowing users to copy the trades of successful investors. Expert Option is appreciated for its advanced trading tools and analytics, while Olymp Trade is preferred for its low entry threshold, making it suitable for beginners. These alternative brokers offer unique features and tools to suit different trading needs and preferences.

Quotex Review – Conclusion

After a thorough review of Quotex, it’s safe to conclude that it’s a reliable and user-friendly platform for binary options trading. The platform features a wide variety of assets to trade and offers educational resources for beginners. The customer support is also commendable as they are readily available to assist. However, like any other trading platform, it comes with its own risks, thus, potential users are advised to understand and carefully consider these risks before investing.

Quotex Accounts