Quotex Overview
| Website | qxbroker.com |
| Year Founded | 2019 |
| Countries of Registration | Saint Kitts and Nevis |
| Website Languages | Arabic, English, Farsi, French, Hindi, Japanese, Malay, Russian, Thai, Ukrainian, Vietnamese, Bengali, Spanish, Filipino, Hausa, Indonesian, Korean, Portuguese, Kiswahili, Turkish, Uzbek, Chinese |
| Regulators | IFC |
| Broker Type | MM |
| Dealing | B-book |
| Minimum Deposit | $10 |
| Account Currencies | USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND, NGN, EGP, MXN, JPY, BDT, PKR, PHP, TRY, KRW |
| Spread | N/A |
| Trading Platforms | Quadcode |
| Trading Assets | Currencies, Commodities, Indices, Stocks |
Brief look at Quotex
Quotex is an offshore digital options platform launched in 2019. The broker attracts traders with a low entry threshold (deposits from just $10 and trades from $1), high potential returns of up to 98% and a convenient proprietary web platform with 24/7 support. There are more than 50 assets to choose from: currency pairs, commodities, stocks and indices. At the same time, Quotex is not regulated by reputable financial authorities: the company is registered in St Kitts & Nevis, and the IFMRRC certificate is no longer valid, so investor protection is limited. Despite this, the broker remains popular thanks to instant deposits and withdrawals without commissions, generous deposit bonuses and regular tournaments with a prize pool.
Pros
- Minimum deposit $10 and trades from $1
- High payouts - up to 98% on VIP account
- Own convenient web platform and Android application
- Fast withdrawal without commissions
- Bonuses and tournaments
Cons
- No license from top regulators, investor protection is limited
- Only binary options are available, no classic Forex/CFD
- Max. transaction volume is limited to $1000
- Poor training materials and analytics
Is Quotex available in my country?
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Quotex doesn't accept clients from United States!
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Quotex Reviews
Quotex has been an excellent broker for me. The demo account feature is fantastic for testing strategies before making a minimum deposit. I also appreciate the quick withdrawal time. Highly recommend!
9/15/2023The app is user-friendly, and I found the sign up process straightforward. The spreads are competitive, making it a great choice for forex trading. However, I wish there were more account types available.
8/22/2023While Quotex has a decent trading platform, I faced some issues during the login process. The minimum deposit is reasonable, but I expected a faster withdrawal time. Overall, it's a decent broker.
7/30/2023I enjoy trading with Quotex. The leverage options are good, and the demo account is a perfect way to practice. Just wish they had more bonuses for new users.
6/12/2023Quotex has impressed me with their trading conditions. I love the rebate program they offer, which adds to my profits. The download for the app was seamless, and I've had no issues with withdrawals.
9/5/2023Leave a Review
Is Quotex regulated?
| Companies | ON SPOT LLC GROUP |
| Countries | Saint Kitts and Nevis |
| Regulators | IFC |
| Investor Protection | - |
| Investor Protection Size | - |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
Quotex Account Types
Quotex does not have accounts for CFD trading.
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
Binary Options
| Account | Standard |
|---|---|
| Minimum Deposit | $10 |
| Option Types | High/Low, Turbo |
| Minimum Stake | $1 |
| Payout | from 20% to 92% |
| Expiration Time | from 60 seconds to 4 hours |
Quotex Funding and Fees
| Base currencies | USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND, NGN, EGP, MXN, JPY, BDT, PKR, PHP, TRY, KRW |
| Deposit and withdrawal methods | Visa, Mastercard, Perfect Money, YooMoney, FKWallet, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Tether (USDT), USD Coin (USDC), Dogecoin (DOGE), Cardano (ADA), XRP (XRP), Binance Coin (BNB), TRON (TRX) |
| Inactivity fee | |
| Interest on margin | |
| Withdrawal Fee |
Quotex Trading Platforms and Conditions
| Trading Platforms | Quadcode |
| Execution Speed | 10 ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | N/A |
Quotex Trading Assets
| Currencies | 24 |
| Indices | 13 |
| Stocks | 8 |
| Cryptocurrencies | 0 |
| Bonds | 0 |
| Metals | 4 |
| Energies | 2 |
| Soft Commodities | 0 |
| ETFs | 0 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
Broker Contests
Demo Contests
| Contest Name | Start Balance | Prize Pool | Period | Details |
|---|---|---|---|---|
| Quotex tournaments | $100 | $5000 | Daily | Learn More |
Quotex Support
Quotex Alternatives
| Broker | Quotex | Pocket Option | IQ Option | Olymp Trade | Binomo | Binarium |
|---|---|---|---|---|---|---|
| Type | MM | MM | MM | MM | MM | MM |
| Minimum Deposit | $10 | $5 | $10 | $10 | $10 | $5 |
| Regulators | IFC | MISA | CySEC, SVGFSA | VFSC | SVGFSA | SVGFSA |
| Platforms | Quadcode | Pocket Option, MetaTrader 5 (MT5), MetaTrader 4 (MT4) | Quadcode | Olymp Trade | Binomo | Binarium |
| Spread | N/A | high | average | high | N/A | N/A |
| Leverage | 1:1 | 1:200 | 1:500 | 1:500 | 1:1 | 1:1 |
| Assets | Currencies, Commodities, Indices, Stocks | Currencies, Commodities, Indices, Stocks, Cryptocurrencies | Currencies, Indices, Stocks, ETF, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Stocks, Cryptocurrencies, Metals, Energies, Indices, ETFs, OTC, Composite | Currencies, Commodities, Indices, Stocks, Cryptocurrencies | Currencies, Commodities, Indices, Stocks, Cryptocurrencies |
Is Quotex Right for You?
Quotex stands out for its low entry requirements, allowing traders to start with a minimum deposit of just $10 and execute trades from as low as $1. The platform offers high potential returns of up to 98% on VIP accounts, along with a user-friendly web interface and an Android application. Additionally, the absence of withdrawal fees and the availability of bonuses and tournaments enhance its appeal to traders seeking a dynamic trading environment. However, Quotex does come with significant drawbacks, primarily its lack of regulation from reputable financial authorities, which limits investor protection. The broker only offers binary options, excluding traditional Forex or CFD trading, and has a maximum transaction volume capped at $1,000. Furthermore, the training materials and analytics provided are reportedly poor, which may hinder new traders. In conclusion, Quotex may be suitable for those looking for a straightforward platform with high payout potential and no commission on withdrawals. However, it may not be ideal for serious traders seeking comprehensive market analysis or regulatory assurance. Caution is advised for those who prioritize safety and diverse trading options.
FAQ
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.
