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 ON SPOT LLC GROUP, a company based in St. Kitts and Nevis. 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, one of the most reliable binary option platforms, 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.
Quotex Account Types Comparison
The table below helps you better understand the trading conditions for each Quotex account.
Account Type | Standard | Pro | VIP |
Minimum Deposit | $10 | $1000 | $5000 |
Trading Platform | Own platform | ||
Markets and Instruments | Forex, cryptocurrencies, commodities, indices, stocks | ||
Minimum Trade Amount | $1 | ||
Commission | No | ||
Maximum leverage | 1:1 | ||
Special Features | - | Access to advanced trading tools and indicators, Priority customer support, Personalized trading sessions with experts | Highest payout rates, 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 Quotex registration:
#1 Access the Quotex Platform
Visit the official Quotex broker website and click on “Sign Up” or “Create a Free Account.” This takes you to the secure account creation page.
#2 Fill in Your Details
Choose your country of residence, preferred account currency, and enter your email along with a strong password (using uppercase, lowercase, digits, and symbols). Accept the platform’s terms to proceed with registration.
#3 Email Verification
Navigate to your profile to verify your email. If marked "Unverified", check your inbox for a confirmation link. Didn’t receive it? Use the Resend option and confirm through the email prompt.
For Qoutex verification, first verify your email address by clicking on the link sent to your inbox, and upload the necessary documents such as a passport, driver's license, or ID card.
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)
To begin trading with Quotex, users are required to deposit a minimum of $10. This low deposit threshold makes it highly accessible to beginners and casual traders looking to explore binary options with limited capital commitment.
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. Quotex Copy Trading Tutorial:
- 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.
Notable Advantages and Disadvantages
Each binary platform comes with a set of positive points and downsides. We will explore those of Quotex in the table below:
Advantages | Disadvantages |
Demo Environment Without Any Registration Requirements | No Leverage Available |
High Percentage of Maximum Profit | - |
Access to a 24/7 Customer Service | - |
Decent Diversity in Tradable Markets | - |
Trust Scores
Trust is crucial when choosing a broker, and Quotex has received acceptable 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 2 channels for customer support:
- Ticket Support: Another method similar to email
- FAQ Section: Short but complete answers to usual questions
Key points about Quotex Support:
- 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 broker's support section is that they do not have any channels for live chat.
Quotex Comparison with Other Brokers
To better understand the quality of services offered by Quotex compared to its competitors, you can check out the table below:
Parameters | Quotex | ||||
Establishment Year | 2019 | 2013 | 2017 | 2014 | 2020 |
Maximum Return | 98% | Up to 90% | 90% | Up to 93% | 98% |
Minimum Deposit | $10 | $10 | $5 | $10 | $100 |
Minimum Trade amount | $1 | $1 | $1 | $1 | $0.01 |
Number of Trading Assets | Over 400 | Over 250 | Over 100 | Over 100 | Not Specified |
Bonus | Welcome Bonus, deposit bonus, risk-free trade, loyalty program, seasonal promotion | No | Welcome Bonus, First Deposit Bonus, No Deposit Bonus, YouTube Video Contest | Deposit Bonus | 20%, 50%, and 100% Deposit Bonus |
Maximum Leverage | 1:1 | 1:100 | 1:1000 | 1:500 | Not Specified |
Inactivity Fee | No | €10 | No | $10 / Month | No |
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 on this platform.
The company has received a 4.3/5 trust score on the Trustpilot website, in addition to a 4.2/5 average user rating on the ScamAdviser website.