Based in Seychelles, Quotex is an options trading broker that provides traders with a proprietary trading platform. They offer multiple financial instruments including, digital options, forex, indices, and cryptocurrencies. Traders benefit from various educational resources as well as the services of a client support team. The minimum deposit required to start trading is $10.
Quotex Review, Pros & Cons
- Proprietary trading platform
- Educational resources
- Trading tools
- Various deposit/withdrawal options
- Lacks strict regulation
- No USA clients
- No MetaTrader platforms
- Limited trading instruments
In this detailed Quotex review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Founded in 2019, Quotex is a modern trading platform offered by Awesomo Ltd, a financial trading company based in Seychelles. The platform is available in the web version, and traders get access to various trading conditions, including low spreads, low commissions, zero account fees, and more.
Quotex is a brand name of Awesomo Ltd, a company based in Seychelles and regulated by the International Financial Market Relations Regulation Centre (IFMRRC) with the license number: TSRF RU 0395 AA V0161.
The broker’s services are not available in some countries, including the USA, Canada, Hong Kong, Germany, and also, people under 18 years of age are not allowed to register with the broker.
Some Quotex features and products mentioned within this Quotex review may not be available to traders from certain countries because of legal restrictions.
The broker provides traders with an in-house-developed trading platform that is built with an intuitive interface to suit all levels of traders. It includes a copy trading functionality, trading signals service, indicators, and other useful tools. The platform supports options trading on various securities, including forex, commodities, and some indices like the S&P 500. It features multiple timeframes: one minute, five minutes, one hour, and more.
The Quotex trading platform is fully web-based, so you need not to first download and install a trading application. It can be accessed directly via modern web browsers, such as Chrome, Firefox, Safari, and Firefox.
Quotex Trading Tools
There are various trading tools on the broker’s website to help traders get the most out of their trades, and they include advanced trading charts, technical indicators, trading signals, and more.
There is an FAQ section of the broker’s website, which answers some of the most common questions that traders may have.
The broker offers the following financial markets: digital options, forex, indices, and cryptocurrencies.
Quotex Accounts & Fees
The broker allows traders to open a single live trading account with a minimum deposit of $10. There is a demo account that allows traders to acquaint themselves with the broker’s trading platform before opening a live trading account.
As broker fees can vary and change, there may be additional fees that are not listed in this Quotex review. It is imperative to ensure that you check and understand all of the latest information before you open a Quotex broker account for online trading.
The broker offers a 24/7 customer support team who are polite and prompt in response. The support team can be contacted via telephone, email, social media, and online form.
Quotex Deposit & Withdrawal
The following payment methods are accepted for both account deposits and withdrawals at Quotex:
- Bank transfer
- Credit/Debit cards, such as Visa and MasterCard
- Online payment processors: Neteller, Skrill, WebMoney, QIWI, and more
Quotex Account Opening
To open an account, click on the “Create Account” button at the top-right corner of the broker’s website. Then, follow the sign-up instructions.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Quotex is a regulated options broker that offers access to trade multiple financial markets via a web-based trading platform. Traders are provided with useful trading tools, educational resources, and a 24/7 customer support team. The minimum deposit required to start trading is $10. The broker is regulated by the IFMRRC.
Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involve risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.