Verified Broker
Quotex Promos & Overview - 2024 Review
- 3.2/5.0
- Demo Account
- Payout 80%
- Last updated 01/2024
- English
Quotex is an international broker founded in 2020 that offers binary options trading on over 100 assets. Headquartered in Seychelles with a global customer base, Quotex provides a fast, user-friendly web platform tailored for binary options. Tradable assets span commodities, cryptocurrencies, forex pairs, stocks, and indices.
Key features include integrated trading signals, 9 customizable indicators, and a real-time leaderboard showing top traders. With a minimum deposit of just $10, Quotex aims to make binary options accessible. Traders can even practice strategies risk-free via a demo account. While phone support is unavailable,Quotex broker offers 24/7 live chat assistance.
Trading Assets Available on Quotex
With a focus on offering an abundance of binary options trading opportunities, Quotex broker provides access to over 100 assets spanning major global markets:
- Stocks: Major company stocks like Apple, Google, HSBC, and Toyota allow traders to speculate on blue chip price movements without stock ownership. Indices such as US30, UK100, and JP225 provide exposure to market-wide movements via binaries.
- Commodities: Quotex trading platform offers binary options on hard commodities like gold, silver, and copper alongside energy products like crude oil and natural gas. This covers the most heavily traded commodities for insight into commodity cycles.
- Forex: A choice of 27 major, minor, and exotic currency pairs are available for binary options trading, including EUR/USD, GBP/USD, USD/JPY and USD/RUB. Though not spot trading, binaries allow speculating on forex volatility and trends.
- Cryptocurrency: Trading and price prediction are offered on the top crypto assets - Bitcoin, Ethereum, Litecoin, and Ripple. This offers alternative opportunities separate from share and commodity market movements.
-While Quotex broker focuses exclusively on binary options rather than CFD or spot trading, their asset breadth is quite extensive for binary options. However, traders wanting CFDs, bonds, ETFs, mutual funds, or fractional shares will need to use a different platform.
Some of the Assets Available:
Cryptocurrencies | Stocks | Commodities | Currency Pairs |
Bitcoin | Apple | Gold | USD/CHF |
Ethereum | Microsoft | Silver | EUR/USD |
Ethereum | Microsoft | Silver | EUR/USD |
Litecoin | HSBC | Oil | GBP/USD |
Ripple | Toyota | AUDCAD | |
Solana | NZDUSD |
Customer Support at Quotex
Quotex customer support is provided 24/7 through live chat accessible from the website and mobile apps. No phone line is currently available. But the support team promptly answers trader queries and aims to resolve most issues in real-time via chat.
As a global broker, Quotex trading platform broker staffs support specialists across multiple regions to offer localization in languages like English, Chinese, Spanish, Russian, Indonesian, Vietnamese, and Thai based on availability.
Beyond direct assistance for traders, Quotex provides an FAQ database with clearly organized questions for account management, deposits/withdrawals, platform usage, trading products, and company background. So users can often get answers instantly without needing to contact an agent.
While phone access would improve their service capabilities, the Quotex trading platform still delivers satisfactory customer experiences overall through prompt, multilingual chat support combined with detailed self-help options.
Quotex Features for Traders
Quotex broker aims to cater to both new binary traders and veterans through its web and mobile platforms by providing:
Quotex Features for Traders
- Account Opening: Quick digital account opening requires just email and password. However, you would need to provide other personal details like proof of ID to verify your account. Demo accounts only need an email to start paper trading. Deposits/Withdrawals: The broker supports familiar payment methods, including Visa, Mastercard, bank transfers, crypto coins, Skrill, Neteller, and more. Low fees. Trading Platform: Intuitive proprietary interface enabling seamless binary options trading using indicators, signals, drawing tools, and risk management features. Customizable layouts. Products: Currently focused entirely on offering 100 binary options across commodities, crypto, currencies, stocks, and indices rather than CFD or spot trading. Fees: No commissions on trades or monthly subscription fees. Only tight asset price spread markups. Quotex also dont charge deposit or withdrawal fees from customers. Social and Copy Trading: Quotex allows beginners to learn from experienced investors by automatically copying their profitable portfolios using copy trading tools. Customer Service: 24/7 multilingual support via live chat in English, Chinese, Spanish, Russian, Indonesian, Vietnamese, Thai among other languages. Community: Leaderboard motivates top earning traders. Feed shows peer activities. User profiles enable traders to connect, discuss ideas, and view each other’s portfolios.
What You Should Know About Quotex
Founded in 2020, Quotex broker serves over 1 million active traders worldwide. With headquarters in Seychelles, they hold a Category A license with the Financial Commission for security. Here are some key things to understand about Quotex.
Strict Global Regulation and Compliance Standards
Quotex operates under the oversight of the International Financial Market Relations Regulation Center (IFMRRC), which monitors broker activities to ensure adherence to strict operational standards around client fund handling, data privacy, fee disclosures, marketing content, and more.
Intuitive and Customizable Trading Platforms
Unlike overwhelmed platforms aimed at pros, Quotex broker designed its web and mobile apps to simplify binary options trading through transparency, education, custom layouts, risk management tools, and a slick visual interface. This reduced complexity allows both new and veteran traders to efficiently analyze markets, execute trades, and improve through practice without unnecessary clutter.
Exposure to Diverse Global Markets and Assets
Despite catering specifically to binaries over traditional spot trading, the Quotex trading platform still offers asset diversity across major global markets. From prominent stocks and commodities to cryptocurrencies and forex, Quotex broker provides over 100 trading instruments spanning equities, currencies, and crypto assets to diversify holdings and customize trading strategies.
Specialized Expertise as a Binary Options Broker
Unlike brokers offering a maze of complex products, Quotex deliberately focuses as a binary options specialist. This concentrated approach with tailored training helps clients clearly grasp fundamentals rather than get overwhelmed navigating numerous advanced trading vehicles. So newcomers can understand the basics and progress through practice.
Multilingual Customer Assistance
Support staff conversant in English, Chinese, Spanish, Russian, Indonesian, Vietnamese, Thai, and more provide localized assistance to Quotex’s global trader base. This allows the platform to efficiently resolve issues for a worldwide clientele in their native languages.
Community Engagement and Visibility
The Quotex leaderboard motivates top earning traders through visibility, while the feed and trader profiles enable clients to connect, share tactics, analyze portfolios, and spur motivation by discovering successful peer strategies. This social visibility fosters an engaged community element even in typically self-directed trading.
Secured Client Fund Handling
Stringent policies around client fund segregation, financial reporting standards, and 256-bit data encryption required by Quotex's regulators guarantee asset security within trader accounts. By maintaining client capital isolated from company finances and upholding transparency laws, traders are protected from potential mismanagement of deposited funds or holdings.
Benefits Quotex
This broker offers so many benefits to traders of all categories. Here are some of the ways beginners and professional traders can benefit from a Quotex broker:
- Enhanced Market Insights: Through integrated market signals powered by recognized leaders like Trading Central and Investtech, Quotex delivers certified trading ideas and indicators directly within its web and mobile platforms to notify traders of profitable opportunities as they emerge. This grants a strategic edge. Fast and Modernized Trade Execution: By running fully on latest technological infrastructure in the cloud, the Quotex trading platform enables near-instant order execution speeds, real-time pricing data, swift live chat support responses, and rapid account registration/deposits/withdrawals so traders can seize fleeting market moves using up-to-the-millisecond data when opportunities present themselves. Lucrative Bonuses and Prize Pools: Quotex offers plenty of bonus schemes like risk-free trades for new sign-ups, deposit matches for funding accounts, and major tournament prize pools like the $5,000 Crazy Wednesday contest alongside hundreds in weekly drawings. Advanced Performance Analytics: In-depth statistics across trades count, profitability percentage, average returns, turnover, hedged positions, max trade amount/profit and more provide visibility so traders can optimize their binary options strategies over time. Marketplace: Quotex offers traders exclusive access to a marketplace with various promotional offers such as risk-free trades, deposit bonuses, cashback rewards, prizes. These promotions help traders make more money trading with Quotex Enhanced Security and Authentication: Quotex implements two-factor authentication using email confirmations during account login attempts and withdrawal requests as an additional verification layer, securing trader accounts on top of password logins to prevent external intrusion. Optional integration with Google Authenticator adds further login protection through rotating one-time codes.
Comparison of Quotex with other Brokers
With its tailored web platform for binaries and $10 minimum deposit, Quotex positions itself well for new binary traders. Seasoned clients may miss advanced capabilities but will appreciate the asset breadth.
Final Note on Quotex
As an international binary options broker, Quotex trading platform provides a fast, user-friendly platform with a $10 minimum deposit, 100 tradeable assets, integrated signals/tools, and 24/7 multilingual assistance. Though phone support is yet unavailable, their demo account, transparent pricing, multiple account currency options, and high customization cater well to novice binary traders globally.
Use our promotional code "DEPOSIT" to receive a 100% deposit bonus and a $100 no-deposit bonus.
Comparison of Quotex with other Brokers
Quotex | VideForex | IQCent | RaceOption | BinBot Pro | Deriv | Binarium | IQ Option | Intrade Bar | XM | Oanda | eToro | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Trading platform | Properietary | Proprietary | Proprietary | RaceOption, Mobile | - | Properietary | Properietary | Proprietary | Proprietary | Proprietary | Proprietary | Proprietary |
Min deposit | 10 | 20$ | 20$ | 250$ | 250$ | 100$ | 250$ | 10$ | 10 | 5 | 1 | 50 |
Payout | 80% | 85% | 95% | 85% | % | 85% | 80% | 80% | 80% | 95% | 80% | 85% |
Copytrading | No | Yes | Yes | No | No | No | No | No | No | Yes | Yes | Yes |
TradingView | No | Yes | Yes | No | No | No | No | No | No | Yes | Yes | Yes |
Assets | Currency pairs, commodities, cryptocurrency, indices | CFDs, Binary Options, Forex, Stocks, Indices, Commodities, Cryptocurrencies | CFDs, Binary Options, Forex, Stocks, Indices, Commodities, Cryptocurrencies | Binary Options, CFDs | Binary Options on Forex and Cryptos | Binary Options on Forex and Cryptos | Binary Options on Forex and Cryptos | Binary Options on Forex and Cryptos | 1 | FX, Indices, Bullion, Commodities, Crypto | Currencies, stock and commodity market assets, cryptocurrencies | |
Expiry Times | 1-5 days | 5 seconds - 30 days | 5 seconds - 30 days | 5 seconds - 30 days | 1 minute - 48 hours | 1 minute - 48 hours | 1 minute - 48 hours | 1 minute - 48 hours | 1 | 1 a month | ||
Execution of orders | English | Instant Execution | Instant Execution | Market Execution, Instant Exec | Market Execution | Market Execution | Market Execution | Market Execution | 1 | |||
Deposit bonus | No | Yes | Yes | No | No | No | No | No | No | No | No | Yes |
Cent accounts | No | Yes | Yes | Yes | No | No | No | No | No | No | Yes | Yes |
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Quotex Reviews
3.2
(Based on user reviews)