everything you need to know about the Quotex broker in 2024!

Quotex is an unregulated broker specific to binary options trading. It provides a platform that has the distinction of not charging additional commissions and trading with a low investment.

Since 2019, when this broker was created, it has been possible to trade metals such as gold, currencies such as Euros and cryptocurrencies such as Bitcoin. The Quotex platform is customizable and contains over 30 technical indicators. In addition to providing 24-hour support, Quotex registration is easy and investment can be made from as little as $10.

Reasons to choose Binary Options Trading from Quotex

On Quotex it is possible to trade stock indices and even oil. Customers’ personal data is protected through double authentication. Thanks to its platform, traders have the opportunity to speculate on the fluctuations of an asset.

It can be the rise or fall of a currency pair or cryptocurrency. In case of an accurate forecast, the trader obtains a profit whose percentage is defined in advance depending on the instrument used. In this case, it can be useful to know the characteristics of the cryptocurrency.

Quotex offers its customers several incentive schemes. This is especially the case for risk-free trades, where they can make gains regardless of the circumstances, but once they have been closed. Promotional codes are also used to optimize the user experience on this broker.

In addition, this broker does not use third-party software. Its interface supports 19 languages, 4 chart types and 14 time frames.

Customers can easily make use of the trading signals available on the platform, although Quotex is in no way responsible for the accuracy and reliability of these. Traders personally decide to trade based on the signals provided by Quotex.

This platform highlights a section called Frequently Asked Questions to address user concerns. It is possible to have comprehensive information about binary options, expiration time and the different types of binary options to be traded.

Register with the Quotex broker

The first step is to go to the Quotex website and click the Sign Up button. When you are at the registration form, carefully fill in the requested information such as email address, password and account currency.

Additional documents may be required. This includes a photo of you, proof of address and your identity document.

After this step, simply log in to your account. Once the account is connected, it is also possible to select a demo account. Customers can also get an overview of payment history or even ask questions by selecting tickets. Trading profile statistics can be generated regularly based on trader preferences.

Quotex is a free broker with the option to choose a demo account. When trading with this account type, however, it is not possible to withdraw winnings. This is because the demo account only uses virtual funds. By making your first deposit on Quotex, it is possible to get a 30% bonus.

The benefits of trading with Quotex

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  • A minimum investment of $10,
  • No deposit fees,
  • No withdrawal and account creation fees,
  • An intuitive interface,
  • Ability to trade different asset classes,
  • Customer service is multilingual and very responsive,
  • A platform equipped with useful tools for trading binary options.

Disadvantages of trading with Quotex

  • The unavailability of leveraged trading,
  • Quotex does not have a license,
  • It is not possible to withdraw the deposit bonus.

Quotex broker commissions and transaction fees

The Quotex broker does not charge commission to traders who trade there. This concerns withdrawals and deposits. In addition, it is possible to choose the desired currency without having to pay conversion fees. However, financial institutions such as banks and payment methods may charge 1-5% as transfer fees.

Trade binary options on multiple asset classes using Quotex

Quotex lets you trade more than 430 instruments, with processing times varying from 0 to 4 seconds under normal market conditions. This is to allow traders to trade different classes of financial assets.

They also have the option to trade currency pairs and cryptocurrencies such as Litecoin, Bitcoin and Ethereum. They can also trade silver, gold or UKBrent and USCrude. The percentage of gains varies depending on the asset chosen by the trader.

Here is a summary table of the financial asset classes for trading with Quotex with some examples.

Currencies Metals Cryptocurrencies Stock index
USD Gold Bitcoin TOPIX
EUR Money Ethereum Dow Jones
British pound Platinum Litecoin DAX

Clients can benefit from up to 90% of the option value when it comes to currencies. They can also get up to 25% of the option value on cryptocurrencies and indices. To trade on Quotex, the customer must have only one account.

This broker’s proprietary website is accessible from any digital medium, such as a tablet, smartphone or computer. In 2021, precisely in April, the broker presented its mobile application, which is currently only available for Android devices.

The various services offered by Quotex

Quotex enriches the binary options trading experience with a range of distinctive services designed to meet the demands of modern traders:

  • Real Time Trading Signals: Available on the platform, these signals provide traders with valuable indications of market trends with a claimed reliability of 87%, allowing them to refine their investment decisions.
  • Diversity of assets: The ability to trade a wide variety of financial assets, from the traditional ones (such as currencies and metals) to the more modern ones (such as cryptocurrencies), is available to traders, giving them the freedom to diversify their portfolio.
  • Customizable interface: the platform allows for extensive customization, ensuring that each user can tailor the trading environment to their preferences and strategy.

Focused on providing added value to Quotex users, these services demonstrate the platform’s commitment to providing tools and capabilities that specifically meet the needs of traders in an ever-changing market.

Deposit and withdrawal methods at Quotex

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Deposits and withdrawals are made identically on Quotex. In the following table you can find the supported payment methods at Quotex:

Method Example
Bank card MasterCard, Visa
Electronic wallets Perfect Money, Piastrix, FK Wallet, Ecopayz, Skrill, Neteller, AstroPay, Mifinity, Paysafecard
Cryptocurrencies Bitcoin, Ethereum, Litecoin

To make a cancellation, the processing time for a request is three business days. The minimum withdrawal amount is $10 for most payment methods and $50 for crypto assets. However, the cooling-off period can be up to five working days. The broker may require verification before making a withdrawal for added security.

Trading with Quotex: binary options strategies to use

Quotex offers several strategies that allow traders to optimize their investment in binary options trading. It is :

  • The Rebound Trading Strategy: the latter highlights a graphic pattern that can be used to identify periods when financial asset prices will be high or very low. Traders could therefore rely on this graphic pattern to conduct negotiations. It is necessary to take into account the position of the candlestick as well as the price variation.
  • Quotex Anti-Marginal Strategy: it is ideal for performing fixed-term trading on Quotex. Instructions to follow are necessary in this case.

Finally

Quotex is very useful for binary options trading. After registration, simply select an asset to trade. The trading strategy is your choice and the technical indicators are there to make your task easier.

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