Quotex Broker Reviews and Full Information

General Information & Regulation

Quotex is a binary options broker, founded in 2020, that offers market signals and copy trading on its web platform. Quotex is a brand name of Awesomo Ltd, a company based in the Seychelles, and this company is not subject to any regulation.

Market Instruments

Quotex offers over 410 assets for digital options trading:

• 　　Currencies – 27 forex pairs, from majors to exotics

• 　　Crypto – Litecoin, Bitcoin, Ripple, and Ethereum coins

• 　　Indices – 15 leading exchanges including the FTSE 100 and Dow Jones

• 　　Commodities – Gold, silver and oil, among other popular energies and metals

Minimum Deposit

In terms of minimum initial deposit, traders can start with a low amount of $10. Although this is the reasonable and proper amount, traders should stay away from this broke given the fact that this broker is an unregulated one.

Leverage

Quotex does not currently offer leveraged investing. Whilst this may limit market access for some beginners, it can also curtail losses.

Dukascopy Payouts

The payouts available for EUR/USD options on the brokers platform were 82%, which is more or less average. Please note that binary options are considered riskier than forex trades.

Trading Platform Available

Like most binary options brokers, Quotex uses a simple proprietary web-based trading platform, not the famous MT4 or MT5 trading platforms.

Deposit & Withdrawal

Clients have the option of bank cards (Visa and Mastercard), cryptocurrency, internet banking, or e-wallets to deposit funds, and the firm does not charge fees for deposits or withdrawals. The minimum withdrawal amount is also $10, but for Bitcoin its $50. Usually additional verification is not required, but the company may request it for high-value transactions. Withdrawal times range from 1 to 5 days. With that said, the firm endeavours to make payments on the same day that the withdrawal application is made

Customer Service

Traders can contact support directly through the platform interface, by submitting a ticket or using the live chat option. Clients can also fill in an online form hosted on the firms website or email support@quotex.io.

Trading Hours

Traders can use the brokers website and access the platform at all times. However, assets can only be traded during market opening hours and these depend on the specific instruments of interest. Forex, for example, runs Monday through to Friday.