Quotex Review 2025
- Min Deposit: $10
- Bonus: 30% Deposit Bonus
- Payout: 98%
- Demo Account: Yes
- Expiry Times: 5 seconds - 4 hours
Quotex is an excellent choice for active traders looking for quick, fixed-return trades with high payouts of up to 98%. New traders will find it accessible due to the easy digital signup and low $10 minimum deposit. The binary platform is updated regularly, offering daily trading signals and an intuitive interface.
Quotex offers binaries with fast execution, a user-friendly interface, and an extensive market range, making it a simple platform to get started on. But it’s not without drawbacks; the offshore regulation, fluctuating payouts, and lack of deeper analytics mean it suits short-term traders comfortable managing risk themselves rather than those seeking a fully regulated, research-rich trading environment.
Pros & Cons
Pros
- The web and mobile interfaces are uncluttered, making it easy to open trades without distractions, catering to newer traders.
- Over 95 binary instruments available, including forex, indices, commodities, and popular cryptocurrencies, providing trading opportunities.
- The minimum deposit from just $10 and trade sizes from $1 make it accessible for beginners or small test runs.
Cons
- The built-in learning section is basic, lacking in-depth analysis or real-time news integration that could help inform trading decisions.
- There were limited native mobile alerts or trade history analytics in our latest tests, with binary traders potentially needing to track some results manually.
- We’ve observed inconsistent payout rates on the platform, with fluctuations from 82% down to 68% on identical assets depending on the time of day.
Company Details
Quotex is operated by Awesomo Ltd, a company registered in Seychelles.
The broker is registered with the International Financial Market Relations Regulation Center (IFMRRC). However, the IFMRRC is not a recognized government regulator in IOSCO’s membership list. It falls under the ‘No regulators’ category in our financial regulator database. Client fund segregation and compensation schemes are not formally guaranteed under this framework.
Multiple regulators have also warned that Quotex is not authorized to provide its trading products in its countries, including Spain’s CNMV.
| Safeguard Type | What We Found | Our Notes |
|---|---|---|
| Registration | IFMRRC (non-governmental, Seychelles) | Very weak oversight, no investor compensation scheme. |
| Data Security | SSL encryption on login and transactions | Verified during our tests; the site passed security certificate checks. |
| Account Protection | Optional two-factor authentication | Easily enabled from settings; we recommend activating it. |
| Fund Safety | Claimed segregation via third-party processors | No audited proof provided; use caution with large balances. |
| Verification | ID and address proof required for withdrawals | Confirmed during testing – KYC enforcement may vary by region. |
In short, Quotex offers basic operational security but lacks regulated fund protection and a third-party audit trail. That’s common for offshore binary platforms, but still worth noting before committing significant capital.
We suggest traders use smaller balances and withdraw regularly to limit their exposure.
Accounts
Quotex keeps things simple with just three live account tiers plus a free demo. Each tier offers the same core trading interface, with the primary differences being payouts and bonus offers.
During our testing, account setup took less than two minutes; no documents are required until withdrawals are requested.
The demo account mirrors live market data and offers unlimited virtual funds, which makes it ideal for timing expiries and checking payout consistency.
| Account Type | Minimum Deposit | Key Features | Who It Suits |
|---|---|---|---|
| Demo | $0 | Unlimited virtual balance, instant setup, no verification | Beginners testing strategy or payout consistency |
| Standard | $10 | Access to all assets, full payout range, standard bonuses | Most retail traders |
| Pro | $500 | Higher payouts, priority withdrawals | Frequent traders placing larger trades |
| VIP | $1,000+ | Maximum payouts, exclusive bonuses, dedicated manager | High-volume users and affiliates |
The key consideration for binary traders is that payout rates improve slightly at higher tiers, typically by 2–3% on popular forex pairs. Withdrawals get processed faster from Pro and VIP accounts, often within 24 hours, compared with 48 hours on Standard accounts.
Markets
Quotex offers one of the best selections of binary options markets among the 20+ providers we’ve evaluated.
In our latest round of tests, we found over 95 underlying instruments, with fast price updates and stable data feeds across most major currency pairs and indices.
| Asset Class | Examples | Our Notes from Testing |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/USD | Deepest liquidity and fastest execution times. Minor pairs less consistent. |
| Cryptocurrencies | Bitcoin, Ethereum, Litecoin | High volatility means payouts fluctuate heavily during news events. |
| Commodities | Gold, Silver, Brent Oil | Reliable payouts during London hours. |
| Indices | S&P 500, NASDAQ, FTSE 100 | Smooth tick data, minimal lag. Payouts strongest during main sessions. |
| Stocks | Tesla, Apple, Amazon | Limited selection but strong data connection. |
| ETFs / Others | Variable | Available but thin volume during tests. |
In our time using Quotex, we’ve found that crypto and stock binaries offer the most opportunities but need tighter manual control due to rapid price swings.
Quotex doesn’t yet offer exotic or event-based markets; it sticks to core instruments suitable for 30-second to 4-hour contracts.
Contract Types
Quotex keeps its contract offering simple, ideal for short-term traders who prefer direct up/down decisions. Still, there’s enough flexibility in expiry selection and payout adjustment to keep things tactical.
Quotex’s digital options are essentially fixed-return contracts that let traders choose an asset, direction, amount, and expiry time, with payouts defined upfront.
| Feature | Detail |
|---|---|
| Contract Type | Up/Down – Predict whether the price will be higher or lower at expiry. Fixed payout, fixed risk. |
| Expiry Range | 5 seconds – 4 hours |
| Early Closure | Not supported |
| Rollover / Double Up | Manual re-entry required |
| Notes from Our Tests | Simple, fast execution (typically under 1 second). Good for short-term strategies. |
During tests, execution was consistently under one second, and the platform displayed live payout percentages before confirmation, allowing quick comparisons across assets.
Traders can set custom expiry times down to the second, which helps active, short-term traders fine-tune entry timing during volatility spikes.
There’s no ladder, boundary, or touch contracts, which keeps risk control straightforward but limits strategic variety.
In short, Quotex focuses on speed and clarity, not variety; good for fast setups, less so for structured option strategies.
Payouts
We conducted live payout tests on Quotex across four popular assets (EUR/USD, Bitcoin, S&P 500, Gold) and two differing market conditions (peak vs off-peak), comparing observed returns to the brand’s advertised rates at common expiries.
Headline: peak payouts were typically 2–4% below advertised, while off-peak ran ~8–18% lower; EUR/USD and BTC held up best during active sessions, with sharper drops outside London/New York hours.
| Asset | Expiry | Advertised Payout | Observed Payout (Peak) | Observed Payout (Off-peak) | Deviation vs Advertised (Peak) | Deviation vs Advertised (Off-peak) | Notes |
|---|---|---|---|---|---|---|---|
| EUR/USD | 5 minutes | 98% | 94–96% | 80–85% | −2 to −4% | −13 to −18% | Slightly under the advertised claim; stable in high-volume hours. Significant drop outside London/New York sessions. |
| BTC | 30 minutes | 96% | 92–94% | 82–86% | −2 to −4% | −10 to −14% | Crypto payouts remain relatively high in peak sessions. Falls sharply during off-peak and weekend/low-volatility hours. |
| SPX | 10 minutes | 88% | 84–87% | 76–80% | −1 to −3% | −8 to −12% | Slightly below advertised claim but consistent in peak sessions. Noticeable reduction in off-peak sessions. |
| XAU/USD | 10 minutes | 90% | 86–88% | 78–82% | −2 to −4% | −8 to −12% | Consistent with the quoted range in peak sessions. Typical OTC decline in off-peak sessions. |
Payout shifts can occur minute by minute on the same asset, suggesting Quotex dynamically adjusts return ratios based on current flow and volatility.
While the upper end (90%+) is strong compared with many offshore brokers, traders should monitor live rates closely before locking in trades, especially on crypto and minor forex pairs, where the difference can be significant.
Platform
Quotex runs entirely on a proprietary web-based platform built for speed and simplicity. There’s no separate download for desktop, and everything runs smoothly in-browser.
The exact layout is carried over to the mobile web interfaces.
The platform is lightweight, loading charts in under two seconds, adding indicators is straightforward and execution times averaged under one second even during peak activity.
From our time using it, the web version feels slightly faster than the mobile app, especially when switching assets or timeframes. Quotes update in real time with no visible delay, no freezing or dropped connections, even during major news releases.
Customization is limited to basic indicators like RSI, MACD, Moving Averages, and Bollinger Bands, but for most binary traders, it should suffice.
Traders needing advanced charting tools or multi-window setups may prefer binary brokers that have integrated TradingView charts, such as IQCent, which can offer upwards of 70 indicators.
| Platform Type | Availability | Notes from Testing |
|---|---|---|
| Web Platform | Chrome, Edge, Firefox | Fast, stable, no installation needed. Clear layout and responsive charts. |
| Android App | Google Play Store | Smooth interface, easy one-tap execution. Charts less detailed than web. |
| iOS App | No | Mobile web platform, similiar interface to Android. |
| Desktop Download | Not offered | All features accessed through web version. |
| Third-Party Integration (MT4) | Not supported | No API or plug-in access. |
Payment Methods
Here’s what we found from our investigation into Quotex’s deposit & withdrawal mechanics.
| Aspect | Details from Testing / Documents |
|---|---|
| Accepted Methods | Credit/Debit cards (Visa/MasterCard), Bank transfers, E-wallets, and a wide range of cryptocurrencies (Bitcoin, Ethereum, Tether/USDT, and various altcoins). |
| Minimum Deposit / Withdrawal | Minimum deposit is around US$10 in many regions; minimum withdrawal is often similar (~US$10) depending on method. |
| Fees | Quotex does not charge deposit fees in most cases, but third-party fees (banks, card issuers, crypto networks) may apply. |
| Processing Time | Crypto and e-wallet deposits are near-instant (minutes). Bank transfers can take hours or more. Withdrawal speed depends on verification and chosen method. |
| Verification & Method Matching | Withdrawals must generally use the same or related method as the deposit. Policy states: “the method chosen for replenishing the deposit is also the method of withdrawing capital.” |
| Region & Currency Variability | Payment method availability varies by country; users must check inside their account for region-specific options. |
Cryptocurrencies (especially USDT) deposits should go through almost instantly and without visible issues.
Card and bank-transfer deposits work, but the delay in showing funds and the subsequent withdrawal verification steps can take longer than crypto.
The “deposit method = withdrawal method” rule is enforced. So if you deposit via crypto you’re likely to withdraw via crypto (or you’ll face requests for extra verification if trying a different method).
Implications for traders:
- If you prioritise speed and low friction, crypto or e-wallet deposits/withdrawals are the strongest route on Quotex.
- If you prefer card/bank transfers: expect additional verification steps (ID, proof of address), slightly longer wait times, and possibly higher minimums depending on your jurisdiction.
- Because this is an offshore setup (as explained in the Company Details section), always ensure you withdraw a small amount first to test the method and timeline before committing large funds.
Additional Features
Quotex keeps its extra tools lightweight but functional. It’s not packed with advanced add-ons; there are a few features that genuinely help with short-term binary trading.
| Feature | Description | Notes |
|---|---|---|
| Trading Signals | Built-in signal list showing suggested direction, asset, and timeframe. | Frequent updates (every 10–15 minutes). Accuracy mixed — useful as prompts, not as trade entries. |
| Promo Codes / Bonuses | Deposit bonuses available during certain promotions. | Active 30–50% offers; withdrawal conditions apply (turnover required). |
| Leaderboard | Weekly Top Traders List with Prize Pool. | Good for engagement, but not transparent about the criteria. |
| Copy Trading | Tab shows recent trades from other users. | Limited data shown – no full trader history, but simple to use. |
| Economic Calendar | Integrated calendar showing key news events. | Useful for timing trades; data sometimes delayed. |
| On-Chart Drawing Tools | Basic trendlines, shapes, and Fibonacci retracements. | Functional for quick setups but lacks precision tools. |
The built-in signal list and news calendar are helpful when paired with short-term trades (under 5 minute contracts). The copy and leaderboard features feel more like engagement tools than analytical aids, but they add some social appeal.
Overall, Quotex’s feature set suits traders who want a self-contained platform with a few helpful extras rather than full-blown research or automation tools.
Customer Support
Support is available 24/7 via the “Support” section inside your live account.
If you cannot access your account, a “Contacts” form is available in the website footer to report any issues.
The broker states that email, social media chat, and phone calls are not official or preferred channels; the internal ticket system is the recommended method.
While the “24/7 support” claim is accurate, response times sometimes stretch to 4–5 hours when complex issues come up.
Because email is not the official primary channel, you may find that support via email is slower or routed differently.
For account-recovery issues (e.g., lost credentials or deleted account), the process may require official ID scans and a selfie, which can delay resolution.
No publicly available phone support or live chat (video/voice) was confirmed in our testing – all contact is via ticketing.
On balance, we believe Quotex’s customer support to be above average for an offshore binary options platform: fast enough to address most queries, easy to use via in-platform ticketing, and available in multiple languages.
Serious issues (withdrawal delays, verification hold-ups) may still require patience.
Since phone/live-chat support is absent (based on our observations), you should plan accordingly if you anticipate needing help.
Should You Trade Binaries with Quotex?
Quotex delivers what many short-term traders want: a fast, simple, and low-friction platform with attractive payouts and a minimal learning curve. Execution is excellent, deposits are easy, and the platform runs smoothly across web and mobile.
However, the trade-off is the offshore status and limited transparency around liquidity and fund handling. There’s also less depth for experienced traders who rely on advanced tools, analytics, or hedging structures.
Quotex is ultimately the best fit for:
- Traders wanting quick, fixed-return setups without complex contracts.
- Users who value ease of use over depth of features.
- Those comfortable with offshore brokers and small to medium account balances.
- If regulation and fund safety are your top priorities, other brokers like Deriv may offer more robust protection.
FAQ
Is Quotex Legit Or A Scam?
Quotex is a legitimate binary provider – new clients can open a live account, make a deposit (minimum of US$10), trade digital options, and request a withdrawal. The platform can execute trades in under one second during our tests. Quotex offers a free demo account, which works as advertised for testing purposes.
However, Quotex is not regulated by a ‘tier one’ body in BinaryOptions.net’s Regulator Database. Multiple complaints also exist online regarding delayed or blocked withdrawals, unexpected verification demands, and allegations of trade manipulation for specific contract types.
Because it uses offshore licensing, investor protection (such as compensation schemes, fund segregation, audited financials) is limited or absent compared to regulated brokers.
Ultimately, the lack of strong regulatory oversight and the volume of user complaints mean you must treat it as a high-risk option. If you use it, do so with small amounts you can afford to lose, verify the withdrawal process yourself early, and never assume complete protection as you would with a regulated broker.
Is Quotex Good For Beginners?
The user interface is very simple and intuitive; it’s easy to place a trade, even for those with no prior experience. The minimum deposit of US$10 and trade sizes from US$1 also make it accessible for beginners.
Additionally, you can practice risk-free before depositing real funds, which is great for learning expiry timing and payout behavior.
There’s also a strong asset mix with forex pairs, commodities, indices, crypto, and stocks, so beginners can try a variety of instruments without complex strategies.
However, binary-style trading is high risk. You can lose your entire stake on a single trade. Beginners often underestimate this.
Payouts vary significantly by asset and time of day; we observed fluctuations ranging from ~75% to ~95% in our tests, depending on liquidity and market session.
The platform lacks deep education and advanced risk-management tools compared to more established brokers. If you want full service training or automated risk controls, you’ll need to fill those gaps yourself.
Because of the regulatory status, any problem (withdrawal dispute, account freeze) may be more complicated to resolve than with a regulated broker.
Go To Quotex
Quotex Details
| Bonus | 30% Deposit Bonus |
|---|---|
| Instruments | Binary Options on Stocks, Indices, Forex, Commodities, Cryptos |
| Nr. of Binaries | 98 |
| Demo Account | Yes |
| Minimum Deposit | $10 |
| Minimum Trade | $1 |
| Payout | 98% |
| Expiry Times | 5 seconds - 4 hours |
| Ladder Binary Options | No |
| Boundary Binary Options | No |
| Payment Methods | Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Mastercard, Visa |
| Mobile Apps | iOS & Android |
| Inactivity Fee | $0 |
| Auto Trading | No |
| Copy Trading | No |
| Social Trading | No |
| Margin Trading | No |
| MetaTrader 4 | No |
| MetaTrader 5 | No |
| TradingView | No |
| AI / Machine Learning | No |
| Negative Balance Protection | No |
| Market Maker | Yes |
| Trade Signals | Daily Trading Signals |
| Tournaments | Yes |
| Demo Competitions | No |
| Islamic Account | No |
| Account Currencies | USD, EUR, GBP, INR, JPY, MYR, IDR, RUB, BRL, NGN, THB, VND, UAH |
| Stock Exchanges | Australian Securities Exchange (ASX), Borsa Italiana, CAC 40 Index France, DAX GER 40 Index, Dow Jones, Euronext, FTSE UK Index, Hang Seng, Hong Kong Stock Exchange, IBEX 35, Japan Exchange Group, Nasdaq |
| Commodities | Gold, Oil, Silver |
| CFD Trading | No |
| Forex Trading | Yes |
| Forex Assets | 40+ |
| Crypto Trading | Yes |
| Crypto Coins | BTC, ETH, LTC |
Compare Quotex
| Quotex | IQCent | Capitalcore | |
|---|---|---|---|
| Rating | |||
| Bonus | 30% Deposit Bonus | 20% to 200% Deposit Bonus | 40% Deposit Bonus |
| Instruments | Binary Options on Stocks, Indices, Forex, Commodities, Cryptos | Binary Options, CFDs, Forex, Indices, Commodities, Crypto | Forex, Metals, Stocks, Cryptos, Futures Indices, Binary Options |
| Nr. of Binaries | 98 | 148 | 28 |
| Demo Account | Yes | Yes | Yes |
| Minimum Deposit | $10 | $250 | $10 |
| Minimum Trade | $1 | $0.01 | 0.01 Lots (CFD/Forex), $1 (Binaries) |
| Payout | 98% | 98% | 95% |
| Expiry Times | 5 seconds - 4 hours | 5 seconds - 1 month | 1 minute - 1 hour |
| Visit | |||
| Review | Quotex Review | IQCent Review | Capitalcore Review |
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