Quotex — How to trade like a professional

Quotex Account Types

Quotex offers the same account to all merchants. The minimum deposit is $10, and the maximum leverage is 1:1000, but it applies to Forex trading only. Commodities and cryptocurrencies have a maximum leverage of 1:100, while CFDs on shares and ETFs have a maximum of 1:20.

So, what kinds of markets may clients trade? Customers can trade CFDs on equities, cryptocurrencies, exchange-traded funds (ETFs), foreign exchange (Forex), and various digital options through Quotex.

• CFDs - Provides customers with the opportunity to trade CFDs on shares of over 176 firms, including some of the most profitable businesses listed on the NYSE and NASDAQ.
• Users can trade the most prominent cryptocurrencies, including Bitcoin, Ethereum, BNB, Litecoin, Ripple, Monero, Zcash, Omisego, IOTA, and Dash.
• Exchange-Traded Funds (ETFs) — ETF trading is a relatively new product, and ETFs are designed to operate by following commodities, indices, and baskets of assets. These can be traded in the same manner as conventional equities, and investors have access to over 4,288 different ETFs.
• Forex, often known as currency trading, is a popular market that gives traders access to over 188 different currency trading pairings. Because of this, users are able to trade their preferred foreign currencies with ease.
• Trading binary options, users can speculate on the price of various assets, such as currencies, equities, indices, and commodities. Currently, Quotex offers over 100 different binary options markets with expiry times ranging from seconds to hours.

Quotex Demo Account

Like many competitors, Quotex offers a demo account. However, the demo account is limited in features, and as usual, the money cannot be withdrawn; there is no limit on how long you can use the demo account. That allows you to get comfortable with your trading techniques. Using a demo account also allows you to test new trading strategies in the future.

The demo account includes $10,000 in virtual funds. If you use up all those virtual funds, you can easily replenish the amount, allowing you to continue practicing your trading techniques.

Another highlight of the demo account is that you do not need to provide personal information before using it. This is not always the case with competitors. The lack of personal information required for a demo account helps potential customers protect their privacy.

Quotex features

There are certain features offered by Quotex that are rarely found among the competition. Here are some of the main ones that deserve your attention. Each brings something new and unique to the binary options trading world; hopefully, you will know exactly what makes Quotex so special.

Platform availability

You can access Quotex from any modern web browser. This is thanks to the fact that there is a specially designed user interface that can adapt to any screen size. There is also a specially developed application you can download and install on any device, from desktop to mobile.

Charts

You can choose from multiple chart types at Quotex, from lines to candlesticks to bars and others. Each of them allows you to customize them to your specific needs. You'll always be able to view market fluctuations the way you want so that you can spot any change in value immediately.

Price Alerts

You can set specific price alerts at Quotexs. This means, for example, that you can be notified when a certain price hits a certain level or when a position is about to close. You can even enable push notifications to keep you up to date.

Over time, Quotex has grown into one of the largest trading platforms, used by traders in over many countries across the world. IFMRRC (International Financial Market Relations Regulation Center) regulates it, and its platform is tailored to traders' needs. This makes features like multi-chart layouts, technical analysis tools, historical practices, volatility alerts, and other useful tools that make trading more enjoyable overall. With Quotex, you can invest in the stock market and binary options and trade different cryptocurrencies with different leverage levels depending on where you are.

Also, the platform offers full support for mobile devices (Android and iOS) and desktop devices.

Why is Quotex the most popular broker?

Quotex was one of the first binary options brokers to have a graphically compelling application. Midway through 2010, every binary options platform was generic, and there was no compelling application for trading binary options. In 2020, when Quotex opened its doors, the investment business was already experiencing tremendous growth due to the technology and its specialized application.

The mobile application offered by Quotex, which can be used on personal computers and mobile devices, is among the best available. It also provides a demo account that allows for unlimited deposits, allowing you to hone your skills in graphical analysis.

Install the Quotex app on your mobile device, and sign up for a 100% free account. In addition, you can start trading with as little as $1 and make a minimum deposit of $10 to profit from your trades.

Due to the fact that there were hardly any trading apps, Quotex was successful in developing something completely new and groundbreaking for the financial sector. The application was awarded internationally several years after it was initially released.

Pros and cons of Quotex

Spreads

Different currencies and cryptocurrencies are likely to have different average spreads. For example, at Quotex, the minimum spread ranges from 0.3% for Bitcoin to 5.816%. Remember that these values may vary depending on market conditions and liquidity. Therefore, Quotex's spreads are reasonable compared to those of the competition.

Fees and limits

Quotex doesn't charge you any fees when you open an account or deposit or withdraw money unless you do it through bank transfers. Quotex charges fees for trading activity, but the platform sometimes charges additional fees. These are fees that are common in the trading industry.

There are numerous types of fees you need to know about, including:

• Deposit fees – none unless you use direct transfer.
• Withdrawal fees – none unless you use direct transfer.
• Commissions and Spreads – Quotex does not charge commissions or make profits on spreads.

The minimum deposit is $10, while the minimum trade amount is only $1.

Quotex cryptocurrencies and trading options

If we look at the cryptocurrency offering at Quotex, we see only 35 cryptocurrencies. Still, they only require a minimum investment of $1.

The best-performing currencies are:

• Bitcoin (BTC)
• Ethereum (ETH)
• Binance Coin (BNB)
• DogeCoin (DOGE).

There are many trading opportunities at Quotex. You can trade cryptocurrencies, forex, stocks, commodities, and binary options from 5 seconds to 4 hours.

• Crypto – When it comes to cryptocurrencies, they range from up to 1:3 leverage for traders from the European Union to 1:10 leverage for non-EU countries.
• Forex – These range from up to 1:30 leverage for the EU and up to 1:1000 for non-EU countries.
• Commodity – These range from 1:20 leverage for the EU and 1:150 leverage for non-EU countries.
• ETFs (Exchange Traded Funds) – Available for non-EU countries only and on trades up to 1:100 leverage.
• Stock indices – This is up to 1:5 for the EU and 1:150 for non-EU countries.

Trading with leverage carries additional risk and should be used cautiously by beginners as it can be liquidated.

How to Register a new user account on Quotex

• Go to the website of Quotex and click on the "Registration" tab: In the first step, click the "Open a free account" button after filling out the registration form with your email address and password.
• The next step requires you to check your email because the broker will send you a code. Copy and paste this code into the appropriate spot on the confirmation page. Don't panic if Quotex login doesn't immediately confirm your email address and takes you to the operations page once you register for an account with them!
• New users will go through a KYC process to validate their accounts. You cannot deposit or withdraw money if you do not complete this verification. To confirm your account, select "Personal Information" from the menu that appears. Confirm your email address, phone number, and other personal contact information before proceeding. For Quotex to validate your information, the final step asks you to submit a photo of your identification that can be easily seen. After you've finished with this procedure, your account will be validated!

Quotex KYC Process

• First things first: verify your email address.
• The second step is to select "Get Code" after inserting the mobile phone and phone number. After that, Quotex will send you a code to confirm your telephone number.
• The next step is to provide your personal information and address. To authenticate your account with images in the future, you will first need to input real information.
• Send a snapshot of the two-sided document, which can be your driver's license, your identification card, or passport. Remember that you need to be at least 18 years old to open a brokerage account.
• You're All Set! The final step is to make your initial deposit when the authenticity of your account has been confirmed. You will be able to begin trading binary options at Quotex once you have completed this deposit.

To make a deposit, select Deposit from either the primary menu of the broker or the side menu. Determine the amount of your deposit and the mode of payment you like. Options for making deposits that are very quick and almost instantaneous include using a credit card, an electronic wallet, or cryptocurrencies like Bitcoin.

Withdrawal Methods

Log into your trading account in the browser and click "Withdraw" in the right menu. Now a new page opens with the different payment methods.

Choose a suitable payment method for your payout. The payment methods may depend on your place of residence (country). The following payout methods are usually available for German traders:

• Credit card (Visa, Mastercard)
• E-wallets (Neteller, Skrill)
• Webmoney
• Bank Transfer (International and Sepa)
• PayPal
• Bitcoin.

Choose an appropriate amount for your withdrawal. There are no restrictions on the sum.

Under Withdrawal Requests, you will see the current status of the withdrawal.

If the status now says "completed," your payout has been processed and is already in your account or on the way.

Withdrawal methods depend on how you deposit. For example, if you deposit using an online payment service like Skrill/Neteller, you can only withdraw to the same e-wallet account.

To be able to withdraw money, you must submit a request on the withdrawal page. These are withdrawals processed by Quotex within 3 business days at most. Also, when you withdraw to a bank card, the payment system and your bank need additional time to process the transaction.

Quotex Bonuses: A Lucrative Opportunity

Binary options trading has gained immense popularity in recent years due to its simplicity and potential for high returns. As a trader, you have the opportunity to predict whether the price of an asset will rise or fall within a specified timeframe. If your prediction is correct, you earn a predetermined profit. However, what sets binary options apart is the availability of bonuses that brokers offer to attract and incentivize traders.

How Do Bonuses for Binary Options Work?

Bonuses for binary options are promotional offers provided by brokers to traders as a form of reward. These bonuses can come in various forms, such as welcome bonuses, deposit bonuses, no deposit bonuses, risk-free trades, and more. They aim to enhance the trading experience and provide traders with additional capital to trade with.

Types of Bonuses for Binary Options

Welcome Bonuses: These are bonuses provided to new traders upon opening an account with a binary options broker. Welcome bonuses often come in the form of a percentage match on the initial deposit.

• Deposit Bonuses: Deposit bonuses are awarded to traders when they make a deposit into their trading account. These bonuses are typically based on a percentage of the deposited amount.
• No Deposit Bonuses: No deposit bonuses are bonuses that traders receive without having to make an initial deposit. They provide an opportunity to trade with real money without risking your own funds.
• Risk-Free Trades: Risk-free trades allow traders to place trades without the fear of losing their invested capital. If the trade ends in a loss, the trader receives a refund or a bonus that compensates for the loss.

Advantages of Utilizing Bonuses for Binary Options

By taking advantage of bonuses for binary options, traders can enjoy several benefits that can significantly impact their trading results.

• Increased Capital: Bonuses provide traders with additional capital to trade with, enabling them to increase their position sizes and potentially amplify their profits.
• Risk Management: Risk-free trades and refund bonuses help traders manage their risks effectively. These bonuses act as a safety net, reducing the potential impact of losses on their trading capital.
• Enhanced Trading Opportunities: With bonus funds, traders can explore new trading strategies, experiment with different assets, and diversify their portfolio.
• Confidence Boost: Bonuses can boost traders' confidence by providing them with an additional cushion of funds. This psychological advantage can lead to more decisive and successful trading decisions.