Real User Reviews on Quotex
Quotex has received generally positive feedback from users across several review platforms. Many users have praised Quotex for its user-friendly interface, the range of trading tools, and the quick and responsive mobile app for Android devices. Traders appreciate the platform for its various chart types, technical analysis tools, and social trading features, which allow them to follow and copy successful traders. Updated market news and demo account availability are also highlighted as beneficial features.
The demo account provided by Quotex, which comes with a virtual balance of $10,000, is considered useful for learning and practising trading strategies. However, some users noted that the virtual bankroll is lower than other platforms, which may offer more virtual funds for practice.
Regarding education, Quotex doesn't offer a vast array of learning resources. The platform mainly provides a FAQ section, and while there is a demo account available, there are no detailed tutorials, videos, webinars, or articles explaining digital options trading concepts and strategies. This may make the platform less suitable for beginners who require more comprehensive educational support.
Regarding fees, Quotex does not charge fees for deposits and withdrawals, which the users rate positively.
One potential concern is the regulatory status of Quotex. While the platform is a member of the International Financial Market Relations Regulation Centre (IFMRRC), it is not regulated at the state level in any country, which may limit its activities or even lead to a ban in certain jurisdictions.
In conclusion, Quotex seems to be a legitimate trading platform that is well-received by its user base for its functionality and ease of use. However, potential users should be aware of the platform's educational resources and regulatory status limitations and weigh these against the platform's advantages before deciding to trade on Quotex.
The image shows the user interface of the Quotex trading application, highlighted by its intuitive and easy-to-navigate design.
The main screen presents a clear and concise view of the market, with quick access to various assets, including forex and indices.
PROS
This platform offers a simple and straightforward registration process, allowing users to quickly create an account and start trading without unnecessary complications.
Simple Registration Process
This platform supports funding with cryptocurrencies, allowing users to deposit and withdraw funds using various cryptocurrencies as a payment method.
Crypto Funding
This platform allows traders to engage in multi-asset trading, enabling them to trade various financial instruments, including stocks, ETFs, forex, and more.
Multi-Asset Trading
CONS
This trading platform lacks comprehensive educational resources, making it challenging for traders to access valuable learning materials and enhance their trading knowledge. Without access to educational resources, traders may struggle to understand complex trading concepts, strategies, or market analysis, limiting their ability to make informed trading decisions.
Lack of Educational Resources
This trading platform charges high trading fees, which can significantly eat into traders' profits. With high transaction costs, including commissions, spreads, or other fees, traders may need to achieve higher returns just to offset the expenses, making it more challenging to generate substantial profits from their trading activities.
High Trading Fees
This trading platform offers limited customer support, leading to delays in resolving issues or inadequate assistance for traders. With subpar customer support, traders may face challenges in getting timely responses to their inquiries, resolving technical difficulties, or receiving necessary guidance.
Poor Customer Support
PROS & CONS
APPS
QUOTEX APP
Mobile platform by Quotex. Provides tools for binary options trading.
ACCOUNT OPENING
How to Open a Trading Account with Quotex
Opening a trading account is a process that involves several key steps to ensure both your trading needs and the broker's regulatory requirements are met. Below, we describe the process in detailed steps:
Visit the Quotex Website: Access the official website (found in the index of this review). Look for the option to open a new trading account, which is usually clearly indicated on the main page.
Complete the Registration Form: Provide your details, including name, address, email, and phone number. Additional information about your trading experience, employment, and financial situation may be requested depending on the broker's need to know you better as a client.
Identity Verification: Upload documents to verify your identity and residence. This generally includes a photo ID (passport or identification document) and a proof of address (utility bill or bank statement).Set Up Your Trading Account: Configure aspects of your account, such as currency type, leverage, and, in some cases, trading preferences.
Deposit Funds: Make an initial deposit using one of the payment methods accepted by the broker (We detail the alternatives later).
Access the Trading Platform: Download and install the trading platform. Log in with your account details.
Practice with a Demo Account (Optional): Practicing trading with virtual funds before risking real money means you won't be surprised when using real money.
Start Trading: Once your account is set up and funded, you can start trading.
How Do I Deposit on Quotex?
Once you have decided how much to deposit and which method to use, making the deposit is straightforward and quick. Follow these steps:
Use this link for a fast deposit, which gives it priority.
Open the trading execution screen and click on the green "Deposit" button in the upper right corner of the tab. You can also deposit into the account through your account by clicking the "Deposit" button on the account profile.
Upon doing so, select a payment method. Quotex offers many convenient methods available to the customer; these are displayed in the personal account.
Next, indicate the currency in which the account will be deposited and, consequently, the account's currency.
Enter the deposit amount.
Complete the form by entering the requested payment details and making the payment.
The minimum deposit is 10 US dollars (or the equivalent in the currency you have chosen as the base).
Available Payment Methods on Quotex
Visa or MasterCard Credit Cards: The deposit is applied immediately, making it one of the best ways to fund your trading account.
Electronic Wallets: Secondary methods depend on your country of residence; however, you may use Perfect Money or AdvCash.
Cryptocurrencies: Quotex allows cryptocurrency deposits using Bitcoin, Ethereum, Litecoin, Ripple, or USDT.
Does Quotex Charge a Commission for Depositing?
No. The company does not charge any fee for deposits or withdrawals. However, it's important to note that payment systems may charge their fee and use their internal conversion rate.
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Deposit & Withdrawal Methods
Operar en Forex e instrumentos financieros apalancados implica un riesgo significativo y puede resultar en la pérdida de su capital invertido. No debe invertir más de lo que puede permitirse perder, y debe asegurarse de comprender completamente los riesgos involucrados. La negociación de los productos apalancados puede ser no adecuada para algunos inversores. Operación con los productos no apalancados, como las acciones, también implica un riesgo, ya que el valor de una acción puede subir o bajar, lo que podría significar que va a recibir una cantidad que es menos de lo que ha invertido originalmente.
BASIC INFO
Quotex is a trading platform that allows users to operate binary options on different financial assets. With an offering that includes Forex currency pairs, commodities like gold and oil, renowned indices, and shares of listed and OTC companies, Quotex positions itself as an option for traders looking to diversify their portfolio in the global markets.
Quotex operates under the company ON SPOT LLC, registered in St. Kitts and Nevis, and clearly focuses on providing an accessible and secure trading experience for all its users, regardless of their level of experience. With a simple registration process and a focus on client account security, Quotex strives to maintain a fair and transparent trading environment.
REGULATION
Unregulated
N/A
ASSETS & SERVICES
Quotex is a competitive choice for traders interested in digital options trading. It offers a varied selection of financial assets for trading, including:
Currency Pairs (Forex): Quotex provides the opportunity to trade on the fluctuations of currency exchange rates, with a selection of major and exotic pairs such as EUR/USD, GBP/JPY, and USD/JPY, among others.
Stocks (OTC): Traders can engage with CFDs on stocks from well-known companies, allowing investment in the performance of corporations like Apple, Amazon, Microsoft, and many more, all traded over the counter.
Stock Indices: Users can speculate on the aggregated performance of stocks with indices like the S&P 500, FTSE 100, and DAX, which represent a collection of companies on specific stock exchanges, providing a broad market exposure.
Commodities: The platform offers commodities trading in assets such as gold, silver, and oil, which are highly impacted by economic and geopolitical events and are often sought after for diversification.
INDEX
Operar en Forex e instrumentos financieros apalancados implica un riesgo significativo y puede resultar en la pérdida de su capital invertido. No debe invertir más de lo que puede permitirse perder, y debe asegurarse de comprender completamente los riesgos involucrados. La negociación de los productos apalancados puede ser no adecuada para algunos inversores. Operación con los productos no apalancados, como las acciones, también implica un riesgo, ya que el valor de una acción puede subir o bajar, lo que podría significar que va a recibir una cantidad que es menos de lo que ha invertido originalmente.
Try this App
QUOTEX: INNOVATIONS IN DIGITAL OPTIONS TRADING SERVICES
Have you come across Quotex and wonder what it is all about?
In this review, we will walk you through the key points to consider when evaluating its features and benefits.
12.2.24
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