Quotex, a binary trading platform, provides its services via 3 live account types [Standard, Pro, VIP;] the third one provides a maximum return of 98%.
The company does not charge its clients with any kinds of fees [deposit, withdrawal, inactivity, trading.] The binary broker's platform enables access to over 30 technical indicators and oscillators.
Quotex Binary Option [Company Information]
This broker is owned and operated by Awesomo Ltd., a company based in Seychelles, and a member of the International Financial Market Relations Regulation Center (IFMRRC). In fact, this organization is not an official regulator, and therefore, it cannot guarantee anything about the broker.
Key features of Quotex:
- Minimum deposit of just $10;
- Maximum payout of up to 98% on successful trades;
- Free demo account for practice trading;
- trading education resources;
- Mobile trading app for Android devices;
- Attractive 30% deposit bonus for new traders.
With multiple expiry times ranging from 1 minute to over a month, Quotex caters to various trading styles and strategies. The platform is entirely web-based, eliminating the need for software downloads and ensuring accessibility across devices.
Key Specifications
At the table below, we have prepared a summary of the most important specifications of Quotex at a glance:
Broker | Quotex |
Account Types | Standard, Pro, VIP |
Establishment Year | 2019 |
Trading Platforms | Proprietary platforms on the web and mobile |
Maximum Return | 98% |
Minimum Deposit | $10 |
Base Currencies | USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND |
Deposit Methods | Credit cards, e-payments, bank transfers, cryptocurrencies |
Withdrawal Methods | Credit cards, e-payments, bank transfers, cryptocurrencies |
Minimum Trade amount | $1 |
Maximum Trade Amount | $1,000 |
Tradable Assets | Forex pairs, stocks, commodities, indices, crypto |
Investment Options | No |
Bonus | yes |
Spreads | None |
Commission & Fees | None |
Maximum Leverage | none |
Affiliate Program | Yes |
Trading Features | Demo account |
Inactivity Fee | No |
Customer Support Ways | Ticket, email |
Customer Support Hours | 24/7 |
Account Types
The broker offers a straightforward account structure to cater to different trader profiles. Let's explore the three main Quotex account types available:
- Standard;
- Pro;
- VIP.
Standard Account
The Standard Account is the entry-level Option for traders on Quotex. It's designed for beginners and those who prefer a simple trading experience. Key features include:
- Minimum deposit: $10;
- Access to all tradable assets;
- Basic trading tools and indicators;
- Standard customer support.
This account type is ideal for those just starting their trading journey or who prefer to trade with smaller amounts.
Pro Account
The Pro Account is tailored for more experienced traders who require advanced features and better trading conditions. You can access it with a $1,000 minimum deposit. Highlights of this account include:
- Enhanced payout rates;
- Access to advanced trading tools and indicators;
- Priority customer support;
- Personalized trading sessions with experts.
Pro Account holders benefit from improved trading conditions and additional resources to optimize their trading strategies.
VIP Account
The VIP Account is Quotex's premium offering, designed for high-volume and professional traders. You need at least a 5,000 USD deposit in order to access this one. Key benefits include:
- Highest payout rates (up to 98%);
- Full access to all trading tools and features;
- Dedicated account manager;
- Exclusive market insights and analysis;
- Customized trading conditions.
Registration and Verification
Getting started with Quotex is not a complex process. Here's a step-by-step guide to registering and verifying your account:
- Visit the official broker website and click on the "Quotex Registration" button.
- Fill in the registration form with your personal details, including name, email, password, and country of residence. Alternatively, you can sign in with your Google or Facebook account.
- Check the boxes accepting the terms and conditions and confirming that you are not a citizen or resident of the US, then click "Create Account."
For Qoutex verification, firstly Verify your email address by clicking on the link sent to your inbox. Afterwards, you need to go to the "Account" section of the platform, then follow these steps:
- Fill in the required details about your identity and residence location on the left side.
- On the right section, click on "Upload Documents" and submit the required documents for identity verification [A clear copy of your government-issued ID (passport, national ID, or driver's license), or Proof of address]
- Wait for the verification process to complete, which typically takes 1-3 business days.
Bonus and Promo Codes
Quotex offers attractive bonuses and promotions to both new and existing traders. Here are some of the key offers for Quotex bonuses:
- Welcome Bonus: New traders can receive up to a 30% bonus on their first deposit.
- Deposit Bonuses: Regular reload bonuses of up to 40% on subsequent deposits.
- Risk-Free Trades: Occasional promotions offering risk-free trades for a limited time.
- Loyalty Program: Earn points for trading activity and redeem them for bonuses or prizes.
- Seasonal Promotions: Special offers during holidays or major market events.
To take advantage of these offers:
- Check the Quotex promotions page regularly for the latest deals;
- Use promo codes when making deposits to activate bonuses;
- Read and understand the terms and conditions related to each bonus.
Some promo codes for bonuses on specific conditions:
- 35% bonus for at least $300 deposit: DEPOSIT35
- 30% bonus for at least $150 deposit: WELCOME30
- 40% deposit bonus: XVTOCJRF9P
Commission and Fees
Quotex maintains a transparent fee structure, which is crucial for traders to understand their costs. This broker does not charge any fee for deposit, withdrawal, inactivity, and trading. In other words, there is not any kind of fee in this platform and you would not encounter any hidden fees.
Cabinet Options
The Quotex trading cabinet offers a range of features to enhance your trading experience:
- Dashboard: Overview of account balance, open positions, and trading history
- Deposit/Withdraw: Easy-to-use interface for managing your funds
- Tournaments: Access to different contests with details about each
- Account Settings: Customize your profile and security settings
- Support: Direct access to customer support and FAQs
The cabinet is designed to be intuitive and user-friendly, allowing traders to navigate easily between different sections and manage their accounts efficiently.
Indicators and Oscillators
Quotex provides a comprehensive set of more than 30 technical indicators and oscillators to assist traders in their analysis. Here's an overview of the most useful indicators available on the platform.
Trend Indicators:
- Moving Average;
- Bollinger Bands;
- Parabolic SAR;
- Ichimoku Cloud;
- Alligator;
- Fractal;
- Zig Zag;
- Envelopes.
Oscillators:
- Relative Strength Index (RSI);
- Moving Average Convergence Divergence (MACD);
- Stochastic Oscillator;
- Commodity Channel Index (CCI);
- Average Directional Index (ADX);
- Momentum;
- Vortex;
- Volume Oscillator.
Available Payment Methods
Quotex offers a variety of payment methods to cater to traders from different regions. You can go with one of the Options based on your preferences and region. Here's an overview of the available Quotex deposit and withdrawal methods:
- Credit/Debit Cards: Visa, Mastercard (instant deposits)
- E-wallets: Skrill, Neteller, Perfect Money (instant deposits)
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin (fast processing)
- Bank Transfer: Available for some countries (may take 1-5 business days)
Can you access copy trading on Quotex broker?
Quotex does not offer copy trading as it looks on most platforms, but there is a way to do it on this platform. You can use this service through these steps:
- Log in to your account on the platform;
- From the left side, click on "MORE";
- On the opened tab, click on "Signals";
- The list shown here can be a reference for copy trading.
Trust Scores
Trust is crucial when choosing a broker, and Quotex has received mixed reviews from various sources. Let's examine the trust scores on Trustpilot.
Quotex has received decent reviews from users on Trustpilot. The score on the mentioned website is 4.3 out of 5 based on more than 500 reviews:
- Over 80% of reviews are 5-star;
- 1-star ratings are less than 10%;
- No replies were submitted from the company to negative reviews.
Here's a summary of the key points mentioned by users:
- User-friendly platform;
- Quick withdrawals;
- Helpful customer support.
It's important to note that individual experiences can vary, and online reviews should be considered as part of a broader evaluation of the broker.
Customer Services and Support
Quotex offers several channels for customer support:
- Email Support: For more detailed inquiries
- Ticket Support: Another method similar to email
- FAQ Section: Short but complete answers to usual questions
Key points about Quotex's customer service:
- Multi-lingual support team;
- Generally responsive and helpful;
- Some users complain about longer waiting times during busier hours.
One of the missing parts in the support section of the broker is they do not have any channels for live chat. This could be a big issue in the opinion of some users.
TF expert suggestions
Quotex is a binary options company with over 100,000 daily traders and overall more than 4 million clients from across the globe. Contract expiry times range from 1 minute to over a month in this platform.
The company has received a 4.3/5 trust score on the Trustpilot website and is a member of the International Financial Market Relations Regulation Center (IFMRRC).
