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Quotex Review 2024

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Quotex Review 2024
Demo account 24/7 Support 10$ Minimum deposit 1$ Minimum Trade Bonus
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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:Quotex
Founded:2019
Regulation:
OTC:
Forex Trading:
Assets:80
About
Quotex, a Binary Option broker launched in 2019 and owned by Awesomo Ltd., is based in Seychelles. It offers a wide range of tradable assets, including 15 major indices, over 25 forex pairs, and popular commodities. The platform also features integrated trading signals with over 85% accuracy. This review covers all key aspects of Quotex, including account types, trading platforms, and customer support.
Contact
Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles
Rank and Score
Account Types
Markets
Account NameMin DepositMax Return
Account NameStandardMin Deposit$1Max Return98%
Account NamePAMMMin Deposit$1Max Return98%

Launched in 2019, Quotex is a Binary Option broker headquartered in Seychelles and, owned by Awesomo Ltd.. This broker offers a wide range of tradable assets including 15 major indices, over 25 forex pairs and some of the popular commodities. Moreover, this platform offers integrated signals with 85%+ accuracy. In this comprehensive review, we'll explore everything you need to know about Quotex, from account types to trading platforms and customer support.

Quotex
A complete review of Quotex + registration and verification guide

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 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 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: 

  1. Visit the official broker website and click on the "Sign Up" button. 
Quotex sign up form
Choose a valid email in order to verify your account easily.
  1. 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.
  2. 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 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: 

  1. Fill in the required details about your identity and residence location on the left side.
  2. 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]
  3. Wait for the verification process to complete, which typically takes 1-3 business days.

Bonus and Promo Codes

Quotex bonus
Bonuses and promo codes available for traders on Quotex

Quotex offers attractive bonuses and promotions to both new and existing traders. Here are some of the key offers:

  • Welcome Bonus: New traders can receive up to a 30% bonus on their first deposit.
  • DepositBonuses: 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

Quotex cabinet
Quotex personal cabinet options and sections overview

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 contestswith 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 indicators section
Indicators and oscillators available on Quotex platform
Indicators and oscillators available on Quotex platform

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.

Oscillators:

  • Relative Strength Index (RSI);
  • Moving Average Convergence Divergence (MACD);
  • Stochastic Oscillator;
  • Commodity Channel Index (CCI).

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 Options:

  • 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:

  1. Log in to your account on the platform;
  2. From the left side, click on "MORE";
  3. On the opened tab, click on "Signals";
  4. 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 score on Trustpilot
Quotex has achieved 4.3 out of 5 points 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. Here's a summary of the key points:

  • 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 time 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 Option broker with over 100,000 daily traders and overall more than 4 million traders from numerous countries across the globe. This broker does not offer any service on any forex trading platforms such as MT4 or MT5, and the only trading Option you get on it is Binary Option. You can enter the website right now and start trading on demo, without any registration or similar procedure.

FAQs

Is Quotex regulated?

Quotex is regulated by the IFMRRC but not by major financial authorities.

What is the minimum deposit on Quotex?

The minimum deposit is $10 for the base account type.

Does Quotex offer a demo account?

Yes, Quotex provides a free demo account for practice trading.

What types of accounts does Quotex offer?

The binary platform offers three types of accounts: Standard, Pro, and VIP.

What payment methods are available on Quotex?

It supports a variety of payment methods, including credit/debit cards (Visa, Mastercard), e-wallets (Skrill, Neteller), cryptocurrencies (Bitcoin, Ethereum, Litecoin), and bank transfers.

Are there any hidden fees on Quotex?

No, the company does not charge any fees for deposits, withdrawals, inactivity, or trading.

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