Quotex is a relatively new broker on the market and one worth checking into. The company offers a wide array of trading assets, easy one-click trading, and multiple methods of banking. Quotex is owned and operated by Awesomo LTD. Address: Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles ID: 221042.
Awesomo Limited is a member of the IFMRRC (number TSRF RU 0395 AA V0161). The IFMRRC is an independent third party dispute resolution service and not an official regulator.
The websites services are in all countries though not to persons under 18 years of age.
Payment method restrictions may affect traders in the US, Canada, Hong Kong and Germany but they can still deposit using cryptocurrency.
- Minimum Deposit: $5
- Max Payout: Up to 98%
- Demo: Yes
- Regulated: Member of IFMRRC
- Bonus: Yes
Quotex is a platform for trading digital options on a wide variety of underlying assets. The term digital option refers to trades based on simple up and down price movement with predetermined costs and fixed outcomes.
There is no download required, the platform is completely web-based.
The platform supports trading of options on securities (companies), forex, commodities, and some indices like the S&P 500.
The expiry durations are fairly diverse as well with 1 minute, 2 minutes, 5 minutes, one hour, and on up to a month or more in some cases.
The charts are quick in terms of response to market fluctuations and highly customizable. The platform hosts dozens of commonly used indicators that can each be fine-tuned to a trader’s personal taste.
Ordering screens are embedded to the right of the chart so making trades is super easy. Also included are trading signals and market news but you have to have a live account to access them.
The Demo Account
Quotex offers a demo account with $10,000 in tradable funds. The demo account allows full access to trading features but limits access to the news, trading tips, and other proprietary information.
Deposit, Withdrawal, And Bonuses
The minimum deposit and withdrawal at Quotex is only $5 ($10 depending on where you look on their website) and can be done in dollars, euros, pounds, and even Bitcoin.
Deposits can be made by credit card, eWallet, wire transfer or cryptocurrency and are usually available within minutes of depositing.
Withdrawals are made back to the same source unless a secondary source is verified. There are no fees for withdrawing or depositing but some methods may incur fees not associated with the platform.
Quotex does not offer a bonus on the website but they are available once you begin the deposit process.