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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 [email protected].
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.
Summary
| Properties | Values |
|---|---|
|
Name
|
Quotex |
|
Minimum Diposit
|
$ 10 |
|
Leverage
|
does not currently o |
|
Regulation
|
FSA(SC) (Seychelles),,,, |
|
Headquarters
|
St. Vincent and Grenadines. |
|
Established
|
2020 |
|
Address
|
First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St. Vincent and Grenadines. |
|
Platform
|
MT4,MT5,,,, |
|
Payment Method
|
Visa,Mastercard,Wire,Skrill,Neteller,Perfect Money,Webmoney,Bitcoin,Tether USDT,Union Pay,,,, |
Overview
| Properties | Values |
|---|---|
|
Spreads
|
0.1-5 pips |
|
Min Position size
|
0.01 |
|
Broker Type
|
DMA (Direct market access),,,, |
|
Account Type
|
Mini account,Standard,,,, |
|
Brokers by Country
|
UK Forex Brokers,,,, |
|
Techniques
|
Scalping Forex Brokers,Mobile Trading Brokers,Day Trading Brokers,Copy Trading Brokers,,,, |
|
Instruments
|
Forex Trading Brokers,Crypto Trading Brokers,,,, |
|
Account currency
|
USD,EUR,BTC,,USD,,USD,,USD, |
|
Tools
|
Economic Calendar,Charting Software,,,, |
|
Website Languages
|
en,,,, |
|
Support languages
|
en,,,, |
|
Bonus
|
Yes |
|
Reviews Rating
|
3.8 |
|
Withdrawal Fee
|
Yes |
|
Trading Signals
|
Yes |
|
Free Education
|
Yes |
|
Daily News
|
Yes |
|
Demo account
|
Yes |
|
Swapsr
|
Yes |
|
Pors
|
1. Affordable minimum investment amount – USD 10; 2. No trading fees and no deposit, withdrawal and account fees; 3. Simple and user-friendly trading platform designed for binary option trading. |
|
Cors
|
1. Leveraged trading is not available; 2. No license of an international regulator; 3. There is no quality education and instruments for analysis on the website; 4. You cannot withdraw the deposit bonus; 5. Shares are not included in the available trading instruments. |
|
Display Analysis
|
Yes |
|
Serving country
|
VC,SC,GB,,,, |
|
Not Serving country
|
US,,,, |
|
Contests
|
Yes |
|
Market analysis
|
Yes |
|
Copy Trading Brokers
|
Yes |
|
Bitcoin Forex Brokers
|
Yes |
|
Social trading
|
Yes |
|
Web trading
|
Yes |
|
Forex pairs
|
Yes |
|
CFDs
|
Yes |
|
Crypto
|
Yes |
|
Hedging
|
Yes |
|
PAMM
|
Copy,Mql5 signals,,,, |
|
Mobile Trading
|
Yes |
|
Scalping
|
Yes |
|
Automated Trading
|
Yes |
|
Partnership Programs
|
Yes |
|
Free Phone
|
|
|
Customer Support
|
24/7 |
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