Quotex — How to trade like a professionalGo to the site
Are you good at predicting financial markets? Do you need to earn money by clicking the buttons? Want to get paid for predicting UP or DOWN movements? Then Quotex is the best option for you. Quotex is an online binary options trading platform developed to allow users to trade binary options and various financial instruments such as stocks, forex, and cryptocurrencies. It was incorporated in 2020 and started operations under Maxbit LLC. Users can easily trade Forex, Stocks, and Binary Options on the Quotex platform, a robust online binary options trading platform. Quotex simplifies online trading by providing a user-friendly interface and a comprehensive set of features and instruments.
When you have finished setting up your account, you can immediately begin trading by choosing the kind of asset that you want to deal with. You can trade foreign currency, stocks, exchange-traded funds, or binary options. Quotex allows you to trade in over 32 different major, minor, and exotic currency pairs. In addition, you have access to sophisticated trading tools such as leverage of up to 1:30 and reloadable demo accounts with a virtual balance of up to $10,000.
To begin Quotex trading the first step is to go through the list of possible currency pairs and pick the one that corresponds to the one you want to trade. After that, determine whether you wish to buy or sell the pair, and then establish the desired position size for your trade. Finally, depending on what you've decided to do, click the "buy" or "sell" button.
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.
|Minimum deposit||$10 (or currency equivalent)|
|Minimum trade||$1 (or currency equivalent)|
|Withdrawals||Processed within 24 hours; no withdrawal fees|
|Security||SSL encryption, two-factor authentication, and licensed|
|Markets||Wide range of assets, including currencies, stocks, and cryptocurrencies|
|Trading tools||User-friendly trading platform and advanced charts|
|Account types||Demo account available; real account with different benefits|
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.
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.
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.
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.
|Broker type||Binary options broker|
|Minimum trade order||$1|
|Time frame for withdrawal||one day for e-wallets and up to 15 calendar days for banks,|
|Customer Care||Email, Phone|
|User verification||KYC, AML|
|Software:||Website, Web App, Mobile App|
|Regulators||IFMRRC (International Financial Market Relations Regulation Center)|
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
|Fully regulated by the IFMRRC (International Financial Market Relations Regulation Center)||You will not get access to the MT4 and MT5 trading platforms.|
|Simple and convenient account creation process that anyone can understand.||There are no fixed spread accounts.|
|A wide range of trading instruments is suitable for most traders' needs.||You can only work with derivatives, which can be more complex than other securities.|
|There are no deposit or withdrawal fees.|
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.
You can fund your balance using the following payment methods:
- Credit or debit card (Visa, MasterCard),
- Online payment services (Skrill, Neteller, Webmoney)
- Bank Transfer.
- Cryptocurrencies like Ethereum, Bitcoin, etc
The minimum deposit is $/€/£10, and there are no fees when you want to make a deposit.
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)
- Bank Transfer (International and Sepa)
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.
Download the Quotex app
The mobile app is available for iOS and Android. To download the Quotex app, go to the Apple Store or Google Play. You can find the app to download quickly if you want Quotex. Remember that this app is also suitable for tablets.
You can also get the app by going to the official website for Quotex and downloading it from there if that is more convenient for you. Simply go to the broker's homepage and seek a link to the Apple Store or Google Play to make your purchase. After you have located the link, simply click on it, and the page where you may download the Quotex app will open. The Quotex mobile app is a good choice if you want to trade quickly and conveniently, regardless of where you are.
Trading is made easier as a result of the fact that the application broadcasts the graphs in real time to all of the clients. Additionally, it is possible to practice trading on a demo account, understand the platform, and get familiar with it before trading any of your money. It is important to remember that to utilize the app, and you will first need to create an account with Quotex.
You will have the choice to enter Quotex or new account registration after downloading the app. This option will be available on the app's home screen. Please refer to the guide if you are not registered with the broker.
Advantages of Quotex app
The Quotex binary options app possesses cutting-edge trading capabilities, mostly in the form of technical indicators. You have round-the-clock access to manage and trade your investments. Quotex has more than 24 different types of assets.
This enables trading operations to be carried out directly on the platform and ensures that the chart is always displayed in real-time or OTC. Before Quotex, it was not viable to operate an app within the brokerage itself; for example, binary options brokers had to outsource the platforms and visuals for their websites. The graphics and the features included within the Quotex app are two of the reasons why it is beneficial.
You can access all of the trading capabilities within the app so long as you have an account with Quotex. There are choices for using an economic calendar, chatting with other traders, receiving support, and viewing real-time news.
Is it worthwhile to get the Quotex app on your phone?
If you are already a customer of Quotex, then it is very worthwhile to download the Quotex trading platform. It is possible to save your trade credentials on the platform, allowing you to gain access to your investing session much more quickly.
Professional traders use the Quotex platform to research and analyze the financial market and market data. The software was presented with the Smart Trading Award for binary options. This prize was supported by the Mobile Star honors, one of the most prestigious honors ensuring the quality of the Quotex application. This award was given to the application with the best overall user experience.
In addition to the award received in the mobile category, Quotex has been the recipient of awards of excellence every year since. As a result, the broker has a reputation on a global scale. It has been said on multiple occasions that Quotex is one of the trading platforms that is the most technologically advanced in the financial world.
It is also essential to underline that the binary options broker respects its customers and maintains a credible reputation. Educational content is available to provide traders with the most possible knowledge. Locating investment and profitability gurus with a success rate of up to 92% for clients deemed VIPs is feasible.
Various Types of Downloadable Applications for Quotex
You have many options available while using Quotex. You can trade with quotex on desktop computers, laptops, tablets, and mobile phones. You can also trade directly from your browser, bypassing the need to download Quotex. This option is available. On the other hand, downloading Quotex will make trading both quicker and less difficult.
It is essential to take note of the fact that the PC or desktop version contains a greater number of features than the mobile app does. This is because some features are incredibly extensive, hence the makers of mobile apps chose not to include them.
The mobile application is one of the most downloaded for iOS or Android operating systems. The use of the mobile app by customers of Quotex is becoming increasingly popular. Compared to the desktop application, the Quotex mobile app handles a significantly higher volume of traffic and operations.
Which Is Better: a PC or a Mobile Phone?
Many people are unsure whether the mobile or the desktop version of Quotex would be more beneficial for them. The application for the personal computer is superior since it provides more sophisticated choices for indications and technological instruments. You won't even be able to tell the difference between the desktop and mobile versions because most of these functions are also available on devices based on Android and iOS.
The application on the personal computer is superior and will fulfill your requirements if you prefer a larger screen and spend time analyzing market charts. When trading, you should also take into consideration the user experience. Some trades require additional tools for analysis and larger screens.
On the other hand, other traders require fewer indicators and instead focus solely on the real-time chart. In this particular instance, the mobile app will do the trick. This is relevant for those traders who keep a record of trading signals.
You can use a demo account to get some hands-on experience with the trading platform, regardless of whether you use a desktop computer or a mobile device. The trader will better understand how to manage and trade within the "interface" of the application as a result.
If you have never traded with Quotex, you should seriously consider signing up with the broker to use a demo or a real account. Within the application, you will always have the opportunity to "Create an account" and sign up!
Can you make money with the Quotex?
Yes, you can make money with Quotex. By trading on the platform, you can profit by correctly predicting the market movements of the traded instruments.
Is Quotex available in my language?
The Quotex broker platform is available in many languages: English, Russian, Turkish, French, and Italian.
What devices can I use Quotex on?
Quotex is designed to be accessible from a wide range of devices. You can access the platform from any device you already own.
- Windows-based computer - If you use a Microsoft Windows operating system device, you can download the application via a .msi file and install it directly. Alternatively, you can also go directly to the website.
- macOS-based computer - If you use a device with the macOS operating system, you can easily download and install the application via a .dmg file. Alternatively, you can also go directly to the website.
- Android-based smartphones - If you use an Android operating system, you can download and install the application directly from the Google Play Store. Alternatively, you can also go directly to the website.
- iOS-based smartphones - If you are using a mobile device with an iOS operating system, you can easily download and install the application directly from the AppStore. Alternatively, you can also go directly to the website.
Does Quotex incur any fees on transactions?
Quotex does not charge any fees for deposits and withdrawals. However, some payment methods may incur a fee from the payment provider.
How easy is it to use Quotex?
Quotex is easy to use on a variety of devices. You can start on one device and switch quickly and easily to continue your trading activities from another device. Also, it has interesting charting tools that allow you to view multiple timeframes and provide you with a wide range of graphical tools. The tools allow you to mark support, resistance levels, and trends. This makes the experience enjoyable and easy to understand.
Does Quotex charge monthly fees?
No, Quotex does not charge any monthly fee. The only costs associated with trading on the platform are spreads, commissions, and withdrawal fees.
What types of accounts are available at Quotex?
Quotex offers four different account types: the real, VIP, and demo accounts.
Is Quotex safe?
Quotex offers a high level of security in many ways. It uses SSL encryption to secure connection and crypto exchange with a browser or application. It allows you to enable 2-factor authentication (2FA), which offers higher security. The platform lets you see which sessions are open and when your account has been used.
Is Quotex regulated?
Quotex is regulated by the IFMRRC (International Financial Market Relations Regulation Center).
Do I need to verify my account with Quotex?
In order to be able to use all the features of Quotex, you need to perform an identity check (Identity Verification). This means that you have to verify your identity, your address, and your bank card. You must provide a photo of your passport, ID card (both sides), or driver's license. You must provide documentation such as a bank statement or utility bill to verify your address. To verify your bank card, you must provide a scan or photo of both sides of the card. Part of the map must be blurred; the numbers, especially the CVV code, should also be redacted.