Quotex is a broker for binary options and digital asset trading. The minimum deposit is just $10 and the smallest possible trade is $1. Payouts on binary options are up to 98%.
Welcome bonus
Quotex does not advertise any welcome bonuses, but sometimes new traders who are already in the process of making their first deposit with be offered one – typically a 30% deposit bonus.
Account types
Qutoex does not offer speciality accounts; all traders have a Standard Qutoex Account.
Ethical Investment Account: No
Islamic Account: No
STP Account: No
ECN Account: No
DMA Account: No
MAM Account:No
PAMM Account: No
LAMM Account: No
Demat Account: No
Sign-up for a free Demo Account
You can sign up for a free Demo Account with Quotex and use it to check out their offer risk free. The Demo Account comes with $10,000 in play-money so you can do play-money trades and see if you like the platform, the available instruments, the trading tools, etc.
With a Demo Account, you will have full access to trading features, but only limit or no access to news, trading tips and certain other information.
Trading
At Quotex, you can get exposure to forex, cryptocurrency, stocks, commodities, and more. Binary options / digital options make it easy to speculate on a variety of underlyings. The minimum trade is just $1.
You can set the expiry time at certain intervals; from 5 seconds to 4 hours for most digital options. There are also some that permit even longer lifetimes, up to a month or even more in some cases.
Ladder binary options and boundary binary options are not available.
Payout: Up to 98%
The payout percentage varies depending on both asset and time frame. Returns can also vary depending on existing trade information, e.g. if a large proportion of traders are speculating in the same direction. Taking a contrarian view in such situations tend to yield a higher payout percentage if the binary option pays out.
Examples of underlyings at Quotex
Stocks: Plenty of stocks listed at exchanges such as the Australian Securities Exchange, Borsa Italiana, Euronext, Hong Kong Stock Exchange, Japan Exchange Group, London Stock Exchange, and Nasdaq.
Indices: Indices from around the world, e.g. the CAC 40 Index France, DAX GER 40 Index, Dow Jones Industrial Average, FTSE UK Index, Hang Seng Index (Hong Kong), IBEX 35 (Madrid), and S&P 500.
Commodity prices, e.g. for gold, silver and oil.
Forex: 20+ different currency pairs
Cryptocurrency: Major cryptocurrencies such as BTC, ETH, LTC and XRP
Platform
Quotex is a platform focused on digital options (binary options) trading.
You access the platform directly in the browser window on a desktop computer. Since there is no software to download and install, it doesn´t matter if your computer is running Windows, Mac OS, Linux, or ChromeOS.
Mobile trading
If you want to trade on a mobile touch-screen device (smartphone or tablet), it is better to download the Quotex app instead of using the device´s browser window. The app is easy to navigate and offers the same functionality as the desktop browser platform.
Charting and technical analysis
The Quotex platform offers plenty of tools for charting and technical analysis. The charts can be customized in various ways. A dozen common indicators are included, and they can be fine-tuned to better suit your needs and preferences.
Both trading signals and market news are integrated into the platform.
Educational material
Quotex provides guidance videos and market news.
Deposits and withdrawals
The minimum deposit is $10.
Deposits can be made in USD, EUR, GBP, BTC and ETH.
For traders in some countries, only cryptocurrency transfers are available.
Deposits can be made by major credit cards, wire transfer, certain e-wallets, and Bitcoin cryptocurrency transfer. Deposits are typically processed very quickly. Withdrawals are made using the same method as the deposit, unless a secondary method is approved and verified.
Quotex does not charge deposit fees or withdrawal fees. (As always, the method you use can still charge a transaction fee.)
Examples of accepted transaction methods:
- ADVcash
- Credit cards, including Visa, Maestro and MasterCard
- Cryptocurrency: Bitcoin and Ether (Ethereum)
- Doku Wallet
- Perfect Money
- Wire Transfer
Account currencies
- BRL
- EUR
- GBP
- IDR
- INR
- MYR
- RUB
- THB
- UAH
- USD
- VND
Customer service
You can reach the customer service by using the form on the official Quotex site.
Those who already have an active Quotex account can go to the Support section of the platform.
About the company
Quotex is owned and operated by the company Awesomo LTD, a company based in the Seychelles.
Address: Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles
Company ID: 221042
The company is a member of The International Financial Market Relations Regulation Center (IFMRRC). This is not an official regulator.
The Seychelles is not considered a top-tier regulator of online brokers.
It is no longer unusual for binary option brokers to be based in offshore locations and not hold licenses from top-tier regulators, as many countries have banned the sale and distribution of binary options to retail clients.
Maxbit LLC is the owner of the
qxbroker.com domain. This company is based in St. Vincent and
Grenadines. Address: First Floor, First St Vincent Bank LTD Building,
James Street, Kingstown, St. Vincent and Grenadines.
Miscellaneous
- Quotex does not offer Auto Trading, Copy Trading or Social Trading.
- You can not use this broker to access any of the independent third-party trading platforms, e.g. MetaTrader 4 (MT4), Meta Trader 5 (MT5) or cTrader.
- Quotex does not give Negative Balance Protection.
- Quotex is not a Market Maker.
- Quotex does not offer Virtual Private Server (VPS) hosting.