In this Quotex trading review, you’ll learn all the features of the binary options broker, which has already become very popular in Indonesia, Brazil and the CIS countries.
New binary options brokers are emerging at an incredible rate. Most of them are scam, is this trade platform the same?
Quotex is a relatively new BO broker (it was previously on the Quotex.io domain), it appeared only in 2020. The broker is regulated by the FMRRC, however this isn’t an indicator of reliability. Almost all certified brokers of the FMRRC turned out to be scammers, but this one arouses doubts and interest.
Reviews of Quotex.com attract the greatest interest. Almost all the reviews about Quotex are positive, even about the withdrawal of funds. This is alarming as the broker is suspicious for several reasons.
These include the start of work in 2020, copying the design from Olymp Trade and the recently issued FMRRC license, which can now only raise suspicion of scam.
UPD: You can find a new and up-to-date Quotex review here.
| Official site | https://quotex.com – All countries https://broker-qx.pro – Indonesia and Russia only |
| Year of foundation | 2020 |
| Regulated by | IFMRRC |
| Trading instruments | 49+ Binary options on Forex, cryptocurrencies, commodities, stocks, OTC |
| Average and maximum profitability of BO | 78-80%, up to 92% |
| Options expiration time | 1m – 4h |
| Most popular | Quotex in Indonesia, Brazil, India, Nigeria, Philippines, Canada, UK, US, Russia, Belarus, Kazakhstan, France, Italy, Malaysia, South Africa, Colombia, Vietnam |
| Provision of services in the US, UK, Canada, European Economic Area |
| Min. trade size | $ 1 |
| Account types | |
| Minimum deposit | $ 5 |
| Minimum withdrawal | $ 10 |
| Deposit & withdrawal methods | 10+ |
| Payment Fees | |
| Trading hours | 24/7 |
| Trading platforms | Proprietary platform |
| Mobile App | |
| Demo | |
| Copy Trading | |
| AT/Robots | |
| Bonus | Up to 80% |
| Affiliate program | partner.market-qx.pro |
Is Quotex a scam broker?
More than 6.2 million accounts have already been opened on the trading platform, however, real reviews about Quotex com are quite difficult to find due to the many fakes. And only a few reviews from real people who trade on the platform.
In anticipation of finding a lot of proof of scam, Quotex caused a slight stupor, because traders are very positive about the broker. They note fast withdrawals, a large selection of currency pairs with high yields, quick opening of deals and no chart jumps. Negative reviews can be found that the broker is blocking accounts. However, most often this happens due to violation of the rules (you cannot create more than one trading account, etc.).
As a result, there are a lot of good reviews about the Quotex trading broker, but most of them look like fake ones. Apparently this is how Qoutex advertises itself.
At the moment, we cannot say that the Quotex broker is a scam because it wasn’t caught in this. Maybe he is trying so hard to earn a good reputation and attract as many traders to the platform as possible. Or it may continue to provide honest and transparent services and become the best in its industry. You can leave your feedback on trading with Quotex at the end of this article.
After analyzing traders’ reviews, the broker is still suspicious. Therefore, a complete review of Quotex is necessary.
Quotex trading platform
When you get to the official website https://qtxbrk.com (Early was quotex.io, quotex.com, quotex-market.com), you get the feeling that you have seen this for a long time. And then you understand – everything here looks like an early version of Olymp Trade.
Broker Quotex seems to have copied the old design and style of Olymp Trade.
It’s noteworthy and commendable that the Quotex broker provides a demo account even without registration. To do this, you must click on the “Open Demo Account” button.
After that, you login the Quotex trading platform. The Quotex trading platform is also similar to the old Olymp Trade platform.
One way or another, the Quotex trading platform is convenient and fast enough. Deals are opened almost instantly, there are no freezes and lags. The $ 10,000 demo account is rechargeable. Trading on a demo and a real account does not differ.
You can trade over 49 binary options on the Quotex platform. Binary options on commodity (4) and crypto (4) assets have too low a profitability of less than 30%. Shares (13) also have a very low payout percentage of ~ 45% when available for trading. Most of the time, stocks are available as OTC assets with a 93% return. Also, OTC assets trading for currency pairs and commodities is available at night. However, it is better not to trade on OTC assets.
Therefore, for trading on Quotex, there are binary options for 28+ currency pairs with an average profit of 78-80%, up to a maximum of 87%.
The minimum trade for binary options is only $ 1. The expiration time of binary options ranges from 1 minute to 4 hours in 1 second increments. The trading platform offers a large selection of chart periods (14) and enough trading indicators (24) for technical analysis. The platform provides free trading signals for binary options, but it is better not to use them. It is not known where these signals come from.
Apart from the beginning of work in 2020 and imitation of Olymp Trade, the Quotex broker offers a convenient and fast trading platform with very good conditions.
Quotex Mobile App
Not so long ago, Quotex developed their own mobile app for Android and iOS. It works quite stably and does not differ much in functionality from the web version of the platform.
Once again, the broker is showing rapid development and progress towards the title of one of the best in the digital trading industry. At the moment, traders can download the app for iOS (iPhone) and Android-based mobiles.
Deposit and withdrawal of funds, bonuses
The Quotex broker has a minimum deposit and withdrawal of $ 5. According to traders, they can withdraw funds without any problem.
Deposit and withdrawal of funds can be done in one of the few ways:
- Bank cards Visa / Mastercard / Maestro;
- E-payments (Advcash, Perfect Money);
- Cryptocurrencies (Bitcoin, Litecoin, Ethereum, Ripple, Zcash, USD Tether).
Withdrawals from Quotex take from one to five days and may require identity verification.
The broker offers bonuses for clients. Depending on the promo code, the bonus can be 10-80% of the deposit amount.
You can get a Welcome Bonus 80% on your first deposit from $ 100.
Bonus funds can be fully worked out and withdrawn as real funds. To do this, you need to make a trading turnover equal to 100 times the bonus amount. When funds are withdrawn before the bonus is worked out, it is canceled and debited from the account. Therefore, it is better to take a bonus whenever possible – you will not lose anything.
Conclusion on the Quotex review
As a result, we review the pros and cons of the Quotex binary option platform.
Pros
Mostly positive reviews from tradersConvenient and fast trading platform without freezes and lags
Low minimum trade size ($ 1), deposit ($ 5) and withdrawal ($ 5)
High average and maximum profitability on binary options for currency pairs (78% -80%, max ~ 87%)
Large selection of chart periods (14) and trading indicators (24)
Unlimited and free demo account
Deposit and withdrawal of funds without commission
Trading 24/7 (OTC on weekends)
Up to 80% bonuses with the possibility of working out
Cons
The broker started its work only at the beginning of 2020. It’s low trust brokerThe design and trading platform are similar to Olymp Trade
Out of 49 assets, only 28 are suitable for trading
Few ways to deposit and withdraw funds
No app for PC
The Quotex.com review shows that a broker can prove himself worthy even at the very beginning of his work. The broker offers a quality trading platform with no signs of fraud.
Of course, due to the recent start of work, it may be too early to judge whether Quotex is a scam or not.
However, everyone once started from scratch. Feedback from real traders is very positive. So far, Quotex withdraws funds without problems. Perhaps in a few years it will become a well-known global binary options broker (some are already adding it to the ratings), or maybe this is all dust in the eyes to attract the largest number of traders. One way or another, Quotex is already very well known and in demand in Indonesia, Belarus, Russia, India, USA, Kazakhstan, Canada, and other countries. It gets excellent reviews from traders.
If anything, the Quotex binary options broker looks promising in contrast to all the newly emerging brokers. If you decide to choose it for trading, you should be extremely careful and collect all the evidence in case of its fraud.
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