Quotex Review - Top Binary Option Broker & Exclusive Bonus (2024)

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Established in 2019, this broker specializes in turbo contracts with a focus on short-term trading across a myriad of assets such as forex, stocks, indices, commodities, and cryptocurrencies.

With over 13 years of trading experience in forex and binary options, I approach this review with a wealth of knowledge and a keen eye for critical platform evaluation.

My expertise extends from practical trading strategies to mentoring budding traders since 2011, which positions me to offer clear, authoritative insights into the functionalities and performance of Quotex.

Quotex Review - Top Binary Option Broker & Exclusive Bonus (1)

In my Quotex review, we will explore the platform’s user experience, trading execution speeds, and asset offerings.

We’ll also address aspects such as customer support, deposit and withdrawal processes, and the overall credibility of Quotex IO in a rapidly evolving marketplace. The aim is to furnish readers with an evidence-based assessment that speaks to their concerns and aids them in making informed decisions about their trading endeavors.

Sign up for the QUOTEX website NOW!

Warning: Capital at risk.

The broker’s support team is always available to answer your questions. A two-factor authentication mechanism is in place to protect the personal information and financial data of their clients.

To learn everything you need to know about the binary options broker, keep reading this in-depth Quotex review!

Brokers NameQuotex.io / Qxbroker.com
Olymp Trade Web Apphttps://qxbroker.com
Olymp Trade App DownloadVisit PlayStore / App Store click here!
Year Founded2019
OfficesMain Street, P.O. Box 625, Charlestown, St. Kitts and Nevis.
User Accounts (2024)>5 Million
Usage (2021)134 countries
Languages Supported15
Minimum 1st Deposit$10
Minimum Trade Amount$1
Maximum Trade Amount$5000
Demo AccountYes (Click here to Sign Up)
Mobile AppsYes
US Traders/ EU TradersNo / No
Account CurrencyUSD, EUR, INR, IDR, THB, BRL, CNY
Depositing and Withdrawals optionsCredit/debit cards Visa, Mastercard, Skrill, FasaPay, ePayments, Neteller, WebMoney, UnionPay
PayoutUp To 95%
MarketsForex, Cryptocurrencies, Stocks, Commodities
Rating4.8/5
FeaturesTrade Fixed Term, Fast binary Options (5 Seconds+), Trading Signals, Many Indicators, fast Support and much more

Sign up for the QUOTEX website To download their Mobile App or Trade on the website platform!

Risk Disclaimer: Trading involves risk! Only invest money you can afford to lose!

Features of Quotex

Next in our Quotex review, we will look at some of the features of Quotex broker:

  • Trading Platform: User-friendly web and mobile interfaces for seamless trading.
  • Account Varieties: Options for both demo and live trading accounts.
  • Multiple Currencies Supported: Supports an extensive range of account currencies, including USD, EUR, GBP, and many more.
  • Flexible Deposit and Withdrawal Options: Incorporates numerous methods from traditional cards to cryptocurrencies like Bitcoin and Ethereum.
  • Low Entry Requirements: Quotex login with Quotex minimum deposit of just $10 and place orders as low as $1.
  • Diverse Trading Instruments: Trade in a mix of indices, commodities, digital currencies, and classic currency pairs.
  • Mobile Trading: Convenient on-the-go trading with mobile compatibility.
  • Trading Restrictions: Note that leveraged trading and shares are not offered. Quotex only provides binary options trading!
  • Special Offers: Benefit from deposit bonuses, risk-free trades, and exclusive promo codes.
  • Generous Bonus Offer: Offer a compelling 100% bonus on your first deposit. Take this leap into our trading world and get started right here!
  • Flexible Starting Deposit: While we advise an initial deposit of $20 for optimal money management, you have the freedom to commence your trading journey with as low as $10. Remember, a wise strategy is to never risk more than 5% of your total balance on a single trade.
  • Attractive Minimal Trade Value: Even if you’re starting small, with just $1, you can dive into the vast ocean of trading.
  • High Potential Returns: Your trading acumen can fetch you up to 95% returns on your successful trades.
  • Efficient & Fast Trading: This platform is designed for efficiency, ensuring that your trades are executed promptly.
  • Resourceful Trading Arsenal: With this platform, you get access to an extensive range of indicators and tools, enhancing your trading decisions.
  • Consistent and Reliable Signals: Rely on their in-house trading signals that have showcased a commendable accuracy rate of around 80%.
  • Innovative Copy-Trading: If you’re new or simply want to diversify, this platform allows you to mirror the trading strategies of some of the most proficient traders.
  • Diverse Financial Options: Catering to modern financial needs, they allow deposits and withdrawals through various methods, be it traditional cards, convenient e-wallets like Skrill, or futuristic cryptocurrencies.
  • Exceptional User Experience: They are committed to delivering an unparalleled user experience characterized by a transparent, rapid trading platform complemented with all the essential tools and swift payouts.
  • 24/7 Customer Support: Whether you prefer Email, Chat, or a good old-fashioned phone call, their dedicated support team is always ready to assist.
  • Expansive Language Support: The platform speaks your language, quite literally! With support for languages including Italian, Russian, French, and many more, they cater to a global clientele.
  • Versatile Trade Durations: Whether you’re in for a quick trade or a longer haul, they offer options ranging from a a few seconds up to 4 hours.
  • Exclusive Telegram Insights: Join their Telegram channel for a steady stream of updates encompassing the latest news, deep market insights, and exclusive offers available primarily to our dedicated subscribers.
  • Real-time and Accurate Market Indicators: Stay ahead with the real-time market indicators, prominently displayed on the platform. This firm stands by the claim of an impressive 87% accuracy rate for these signals.
  • Comprehensive Analytical Tools: With a whopping total of 29 indicators available, including 11 dedicated to trend analysis and 18 for oscillators, the platform provides an analytical edge to your trading strategies.
  • Expansive Investment Options: A wide spectrum of securities, giving you ample opportunities to diversify and optimize your portfolio.
  • User-Centric Platform Design: The platform, fine-tuned for digital options trading, ensures an intuitive and hassle-free user experience.
  • Diligent Support Team: The support staff, proficient in multiple languages, is always on standby, ensuring that you receive timely and accurate assistance.
  • Extensive Flexibility in Expiry: Tailored to suit varied trading strategies, the platform offers expiry times ranging from a swift 5 seconds to a comprehensive 24 hours.
  • Loyalty Gets Rewarded: Trading regularly on Quotex trading? You might just find yourself eligible for an array of enticing bonuses and incentives, adding value to your consistent engagement.

Get your Free Demo Account and Start Making Money today!

Quotex Review Video – Take a look into Quotex

Sign up for the QUOTEX website or mobile app on the App Store or Google Play using the referral code: 13791

Get your Free Demo Account and Start Making Money today!

Risk Disclaimer: Trading involves risk! Only invest money you can afford to lose!

Quotex Review: Binary Options Available

Although QUOTEX is an emerging broker, the terms and conditions they offer for binary (Digital) options are standard. Gains are made by speculating on whether the value of a given asset (currency pair, cryptocurrency, index, or commodity) will increase or decrease on the trading platform. Each instrument’s payout percentage has been established in advance.

Quotex Review - Top Binary Option Broker & Exclusive Bonus (2)

“Risk-free transactions,” in which the trader is assured of a profit regardless of the outcome of the position, are available to clients. Traders on the Quotex trading platform get access to a special promotional area meant to improve their experience.

The company does not currently use any outside-developed software. The UI is simple, but it does what it’s supposed to. The user interface of the trading platform supports one-click trading, as well as four types of charting, fourteen periods, and six languages. QUOTEX disclaims any moral or legal obligation to ensure the integrity of its trading signals. The customer assumes all risk associated with trading based on the signals and does not hold the provider liable for trade results.

Quotex Review Rating

Payouts
Features
Support
Withdraw / Deposit
Trading Platform

Quotex Terms of Use

User Agreement provided on their website clearly forbids customers from developing, selecting, or using automated systems, algorithms, procedures, or other specific software that enables trades outside the personal involvement of the trader. The Partnership program is the only way to passively generate income.

While USD is the currency of choice for a trading account, clients have the option to switch at any time. Payments can be made and withdrawn using a variety of methods, including debit cards, credit cards, electronic wallets, and cryptocurrency. This broker does not offer any form of leverage. A demo account allows you to test your limits with a virtual $10,000 USD balance.

Pros and Cons of Quotex Review

Pros

  • To get started, all you need is 10 dollars (USD).
  • There are zero fees for making trades, funding, or closing an account.
  • Binary options trading is made easy with a user-friendly and intuitive trading interface.
  • Excellent customer service and quick withdrawals

Cons

  • Does not offer leveraged trading.
  • Not authorized globally
  • An absence of credible educational resources along with research assistance
  • Bonus on deposits is non-withdrawable.
  • There are no options on stocks or stock shares included among the instruments that can be traded.

QXbroker Review: How To Get Started?

You need to sign up with the broker before you can open a Personal Account with them. If you follow this tutorial step by step, it shouldn’t take you more than 5 minutes total.

For the best potential Quotex referral incentive at present, please clear your cookies before clicking through from our site. Once you’ve done so, you can sign up for a Quotex account or get the Android app by clicking here.

Step-by-Step Quotex Trading Guide

Select the account’s currency and fill out the required fields, including email and password. Signing up is quick and easy if you have previously created an account with Facebook, VK, or Google. The next thing to do is log in with your Account details.

You can also perform the following tasks with a trader’s Personal Account:

  • Start a trial account now.
  • Change the currency of the account used for speedy trade
  • Profit from timely trading alerts
  • To submit an inquiry, submit a ticket.
  • Use the discount/voucher code.
  • Two-factor authentication must be turned on.
  • Create trading profiles on a daily, weekly, or monthly basis.
  • Take a look at your history of payments

Once you’ve mastered Quotex and trading methods, you’re ready to begin trading in a real account. However, before you can trade binary options with real money, you’ll need to make a deposit.

Withdrawal Options and Fees

  • The very same method that was used to make a deposit can also be used to make a withdrawal. You are welcome to pay using any of the approved ways of payment, including Visa and Mastercard, as well as electronic systems such as Perfect Money, Piastrix, or FK Wallet, or even cryptocurrencies such as Bitcoin, Litecoin, or Ethereum.
  • The company does not impose any costs associated with withdrawals. Transfer fees levied by the payment system normally fall somewhere between 1% and 5% of the total amount transferred.
  • A request to withdraw funds must be processed within three business days.
  • The majority of payment methods have a minimum withdrawal amount of $10, however, cryptocurrencies have a minimum withdrawal amount of $50 (or a larger amount for particular cryptocurrencies, such as BTC).
  • The normal length of time needed to complete the withdrawal process is between one and five days.
  • The company may request proof of identity for large withdrawals; however, the specific dollar amount is not specified anywhere on the website.

Quotex Alternatives

Some of the competitors and alternatives of Quotex trading include:

  • Olymptrade
  • Expert Option
  • IqOption
  • Binary.com /Deriv.com
  • Binomo

Quotex Review: Final Verdict

So, can you trust Quotex trading or not? Is Quotex legit? The answers to all these queries can be only one: you need to try before making up your mind. If we look at the numbers and testimonials, millions of people are currently registered on Quotex, and many are earning six figures from it. If you ask us, $10 is a small price to test out your luck and skills. So, go ahead and try Quotex today!

Quotex Frequently Asked Questions

Looking for more detailed information about Quotex? Make sure to leave your questions inside the comment section below to get your answer as fast as possible!

Is Quotex Fake or Real?

Quotex is a legit broker for binary option we are using day by day! They offer a great support, fast withdrawals and high returns in the case your option ends in the money!

Is Quotex Regulated in the US or EU?

Yes, it is regulated by the International Financial Market Relations Regulation Centre (IFMRRC). With this regulation, traders have a chance to get a compensation in the case the broker can not pay out their winnings!

Is Quotex a Good Broker

It is a great broker for binary options with fast deposits and withdrawals as well as many different assets to trade! With a return up to 90%, you can earn a nice profit if your option ends in the money!

Can Quotex be used inside the EU and USA?

By now, this broker is accepting traders from EU and US countries.

What Strategy is Best for Quotex binary options?

There are many good strategies for binary options you can use with this broker! Ensure to first test your strategy in the free demo account so you can see how well it is working on their trading platform! I am using a price action strategy for binary options with great results, so ensure to check out the link above to learn more about it!

Do trader opinions have a role in the QUOTEX rating?

A broker’s overall rating on this list might go up or down based on each review. Visit QUOTEX’s profile page to see customer feedback.

Where can I find instructions for using this website to provide a QUOTEX review?

Just leave your comment below and let us know what you think about Quotex binary options!

Disclaimer:

Investing here exposes your money to potential loss. Complex derivatives such as CFDs may not be appropriate for the average investor. Contracts for difference (CFDs) are leveraged financial transactions that are both difficult to understand and fraught with the possibility of fast loss of capital. You should carefully evaluate if you are willing to incur the high risk of losing money and whether or not you understand how CFDs work. Currency exchange rate fluctuations may impact the items discussed. There is a possibility that you might lose part or all of your money if you invest in these goods, and the value of your investment could go up or down. You should never trade with borrowed money or with money you cannot afford to lose.

On our site, you will only find information that has been thoroughly checked for accuracy. Based on a decade of financial industry experience and customer feedback, we have compiled an accurate representation of the top forex companies available to you.

*If a client registers using our referral link on the company’s website, we might earn a commission.

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Ben

Trader & Investor at Simpletradery Pte Ltd

Welcome here, my way to trade binary options professionally started back in 2011. I'm Ben, a trader deeply versed in binary options, forex, and cryptocurrencies. My path from a novice to a seasoned trader has been filled with valuable lessons from the markets' (un)predictable waves.

Since 2013, I've dedicated myself to sharing these insights, demystifying complex trading concepts, and guiding aspiring traders toward making informed decisions with clarity and confidence. Since this point, I helped 1000s of traders to find their way!

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Quotex Review - Top Binary Option Broker & Exclusive Bonus (2024)

FAQs

Does Quotex really pay? ›

Quotex has a rating of 4.38 stars from 482 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with Quotex most frequently mention trading platform, customer support, and fast withdrawal. Quotex ranks 1st among currency trading sites.

Is Quotex withdrawal real or fake? ›

The truth is, Quotex is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam. While Quotex remains claiming that it is operated by Maxbit LLC, which is registered in St.

What are the disadvantages of Quotex? ›

Quotex Review: The Pros and Cons

They do not charge any trading fees on deposits, accounts, or withdrawal fees. There are a few disadvantages to Quotex. The services are not available in all countries, and auto trading is not allowed. There are limited assets on the weekend and high bonus turnover conditions.

Is Quotex legal in USA? ›

Quotex is available in most countries worldwide, but is not available in the USA, Canada, Indonesia, Hong Kong, EEA countries, Russia. Some other countries may have restrictions as well. Quotex is licensed and regulated by IFMRRC through its parent company Awesomo Ltd.

Is Quotex withdrawal safe? ›

By adhering to their account verification process and utilizing various security measures, Quotex aims to ensure the safety of user funds and personal information throughout the withdrawal process.

Can you withdraw from Quotex? ›

Yes, you can withdraw funds from Quotex to any valid bank account that supports the chosen withdrawal method. However, it's important to verify if there are any limitations or restrictions based on your country or region.

Is Quotex safe or not? ›

Yes, Quotex Trading App is safe to use. The platform uses advanced security measures to protect users' personal and financial information, and all transactions are encrypted.

Why does Quotex block my account? ›

One of the main reasons for Quotex account blocks is due to violations of their terms and conditions. These can include actions such as using multiple accounts, sharing accounts with others, or manipulating the platform's features for personal gain.

What is the minimum deposit for Quotex? ›

To start trading on Quotex Trading, you need to make a minimum deposit of $10. This means that you can't start trading with any amount less than $10. However, it's important to note that the minimum deposit required may vary depending on your location and the payment method used.

Why do people lose money in binary options? ›

This is because the consequence if the option expires out of the money (approximately a 100% loss) significantly outweighs the payout if the option expires in the money (approximately a 50% gain). In this example, an investor could expect -- on average -- to lose money.

Who owns Quotex? ›

The Quotex trading platform is owned and operated by Awesomo Ltd, which is registered in St. Vincent and the Grenadines.

How does Quotex make money? ›

In summary, Quotex earns money by facilitating trades between its users and benefiting from the differences in trading outcomes. It does not rely on commissions or deposit and withdrawal fees, making it a viable and cost-effective solution for traders interested in binary options and similar trading activities.

Is binary options banned in US? ›

Binary options are legal and available to trade in the U.S. but they must be traded on a regulated U.S. exchange. These exchanges are Designated Contract Markets (DCMs). Some binary options are listed on registered exchanges or traded on DCMs that are subject to oversight by the CFTC or SEC. Here is a list of DCMs.

Do you have to pay taxes on binary options? ›

The tax rate for binary options earnings depends on how they're classified. Income from binary options trading as a business will be taxed according to the individual's tax bracket. Capital gains, however, are taxed differently.

How long does it take to withdraw from Quotex? ›

Withdrawal processing times range from 1 hour for card payments to 5 days for bank transfers. Cryptocurrency withdrawals are typically instant. Fees range from 0% for cryptocurrencies to 5% maximum for card withdrawals. Bank transfer fees vary depending on the method.

Can I trust Quotex trading? ›

In conclusion, Quotex Trading App is legal in India and offers a reliable and secure platform for traders to access various financial markets. While it may not be directly regulated by SEBI, it does have a valid international license from IFMRRC, which ensures a level of reliability and security.

Can you really make money from binary trading? ›

Binary traders can make money by correctly predicting whether a market will be above a specific price at a specific time. At expiration, you either make a predefined profit or you lose the money you paid to open the trade. Binary options are priced between $0 and $100.

What is Quotex payout? ›

Quotex Details
Bonus30% Deposit Bonus
Minimum Trade$1
Payout98%
Expiry Times5 seconds - 4 hours
Ladder Binary OptionsNo
50 more rows

What is the highest profit in Quotex? ›

Boost Your Profits: Top 10 Quotex Strategies & Hacks
  • Take Advantage of the Quotex Demo Account. ...
  • Begin with Small Deposits. ...
  • Use Candlesticks for Charting. ...
  • Avoid 60-Second Trades. ...
  • Leverage Indicators for Improved Predictions. ...
  • Develop a Clear Trading Strategy. ...
  • Be Cautious With OTC Charts on Quotex.
Apr 8, 2024

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