| Details | |
|---|---|
| Broker Name | Quotex |
| Rating | |
| Min Deposit | $10 |
| Bonus | 30% Deposit Bonus |
| Payout | 98% |
| Demo Account | Yes |
| Traders are welcome | Traders from Kenya welcome |
Quotex Review: An Innovative Broker for Binary and Digital Asset Trading
Quotex is a cutting-edge broker that specializes in binary and digital asset trading, offering a wide range of trading assets, convenient one-click trading, and multiple banking options. Dive into our expert review to determine if Quotex aligns with your trading style.
Overview of Quotex
Quotex is operated by Awesomo LTD, located at Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles, ID: 221042. This broker is a member of the International Financial Market Relations Regulation Center (IFMRRC), with membership number TSRF RU 0395 AA V0161. Note that the IFMRRC serves as an independent dispute resolution service but is not a regulatory body.
Age Restriction: Services are not available to individuals under the age of 18.
Payment Restrictions: Traders from the US, Canada, Hong Kong, and Germany may face payment method restrictions; however, cryptocurrency deposits are still an option.
Key Features
- Minimum Deposit: $10
- Maximum Payout: Up to 98%
- Demo Account: Yes
- Regulated: Member of IFMRRC
- Bonuses: Available
The Trading Platform
Quotex provides a web-based platform for trading digital options across an extensive range of underlying assets, exceeding 400 options. Digital options involve trades based on straightforward up and down price movements, featuring predetermined costs and fixed outcomes.
The platform requires no downloads, making it easily accessible from any web browser. Traders can engage in options trading on various assets, including securities (stocks), forex, commodities, and select indices such as the S&P 500.
Expiry Durations
Quotex offers a diverse range of expiry durations for trades, including options for 1 minute, 2 minutes, 5 minutes, and even longer periods, extending up to a month or more.
Payouts
Payout percentages at Quotex vary depending on the specific asset and time frame. Returns may also fluctuate based on trading behavior; for instance, if many traders are speculating in the same direction, new positions may yield lower payouts. Conversely, traders taking a contrarian approach may benefit from higher-than-expected payout percentages.
Education and Resources
The best way to learn the Quotex trading system is by utilizing the demo account, allowing you to practice without risk. In addition, Quotex offers educational resources, including guidance videos and market news updates.
Trading Signals: While trading signals are available, they can only be accessed with a full account and are not available on the demo version.
Mobile App
Quotex enhances the trading experience with its Android-based mobile app, designed for traders on the go. The app is fast, responsive, and user-friendly, providing all the features available on the web platform. Navigating markets and executing trades is seamless, mirroring the web version's process.
User feedback on the app has been generally positive, earning an overall rating of 3.6 stars. However, a notable limitation is the absence of an iOS version for iPhone and iPad users, which may restrict accessibility for some traders.
Advanced Charting Tools
Quotex provides advanced charting tools that respond quickly to market fluctuations, allowing traders to make informed decisions. The platform includes a wide variety of popular technical indicators, each customizable to fit individual trading preferences.
To simplify the trading process, order screens are conveniently embedded to the right of the charts, enabling quick and easy trade execution. Additionally, trading signals and market news are available, but only for those with a live account.
Demo Account
Quotex offers a demo account loaded with $10,000 in virtual trading funds, allowing users to explore the platform without any financial risk. This demo account grants full access to all trading features, but it does limit access to news, trading tips, and other proprietary information. This setup enables traders to practice and refine their strategies before committing real capital.
Deposit, Withdrawal, and Bonuses
Quotex makes trading accessible with a minimum deposit requirement of just $10. Traders can fund their accounts using various currencies, including dollars, euros, pounds, and even Bitcoin.
Deposits can be completed through multiple methods, including credit cards, eWallets, wire transfers, and cryptocurrencies, with most transactions reflecting in your account within minutes. The platform supports popular eWallet options such as AdvCash and Perfect Money.
When it comes to withdrawals, funds are typically returned to the original payment source, unless a secondary source has been verified. Importantly, Quotex does not impose any fees for deposits or withdrawals; however, some payment methods may incur fees that are independent of the platform.
While Quotex does not advertise bonuses directly on their website, promotional bonuses become available during the deposit process, providing additional incentives for traders to enhance their trading experience.
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|---|---|
| Bonus | 30% Deposit Bonus |
| Instruments | Digital Options on Stocks, Indices, Forex, Commodities, Cryptos |
| Demo Account | Yes |
| Minimum Deposit | $10 |
| Minimum Trade | $1 |
| Payout | Up to 98% |
| Expiry Times | 5 seconds - 4 hours |
| Ladder Binary Options | No |
| Boundary Binary Options | No |
| Payment Methods |
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| Mobile Apps | iOS & Android |
| Auto Trading | No |
| Copy Trading | No |
| Social Trading | No |
| Margin Trading | No |
| Trading Platforms |
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| Account Types |
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| Additional Features |
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| Account Currencies | USD, EUR, GBP, INR, JPY, MYR, IDR, RUB, BRL, NGN, THB, VND, UAH |
| Stock Exchanges |
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| Commodities |
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| CFD Trading | No |
| Forex Trading | Yes |
| Forex Assets | 20+ |
| Crypto Trading | Yes |
| Crypto Coins |
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| Crypto Features |
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