Quotex

Quotex is an innovative online trading platform that offers an opportunity to earn money using advanced trading tools. With a minimum starting deposit of only 10 dollars, the broker caters to both experienced traders and beginners.

The project team includes outstanding experts with significant experience in online commerce. According to the data provided on the company’s official website, the total professional experience of all team members is 200 years. Specialists have developed an intuitive interface and created a resource with a high response rate, as user success is a top priority for the company. The stated profit potential is up to 92% of the investment amount. But is the service provider honest with consumers and always pays? Is Quotex Binary Options Broker a scam or a serious project? Let’s try to find out, relying on the available facts.

 

Terms of Trading at qxbroker.com

Customers can open 2 types of accounts:

• Demo Account: Designed for training purposes, it comes with 10,000 conditional units in the balance, which can be updated at any time.
• Trade Account: A real account where users need to replenish funds with their own money.

The terminal in both cases is the same, the only difference is the accessibility of the functionality: some options will open only after depositing money. Additionally, the default currency upon account opening is in American dollars, despite the other currency options offered at the beginning of registration. However, users can convert USD to other currencies without incurring any commissions within the personal cabinet (under the ‘Profile’ section).

The broker specializes in binary options and does not charge commissions for executing transactions. It offers a variety of assets, including currency pairs and cryptocurrencies,  totaling around 400 trading instruments. However, some of these instruments are only available for trading after a demo deposit. The minimum bet is $1, and the expiration period can be manually set by the user, ranging from 5 seconds to a maximum of 4 hours. Unfortunately, analytical and training materials are not available on the website or in the personal cabinet. The website, qxbroker.com, provides only essential information: legal documentation, contacts, and a knowledge base (FAQ).

All the most important features are accessible through the personal cabinet: upon registration, traders can utilize the bonus system, engage with company representatives via online chat, or create support tickets. Additionally, support is available through email and social networks, managed by community administrators. Common inquiries are addressed in the knowledge base – FAQ. Traders also have access to trading signals, typically consisting of 5-6 active recommendations, and an asset rating based on users’ profit volumes, updated daily.

 

Quotex Platform

The company offers a terminal developed in-house. This web-based platform is adapted for compatibility across various operating systems, screen resolutions, and major web browsers.

Terminal capabilities and options include:

• 4 types of graphs (Haiken Ashi).
• 14 timeframes to analyze.
• 22 trend figures.
• 11 indicators and 18 oscillators.
• Quick access to transaction history.
• Order opening and closing markers directly on the chart.
• Summary of rate dynamics and yield for each asset pair.

Security is provided by KYC and AML protocols. To verify their identity, users must provide an ID card and documents confirming their residential address (such as receipts or bank card statements). Additionally, the platform offers trading signals provided by the broker, which can assist in making informed trading decisions. It’s important to note that while these signals offer valuable analytics, they do not guarantee earnings.

How to Trade on the Platform

To successfully trade on the Quotex platform, let’s start by selecting a trading pair. This can be done by opening the list in the upper left corner of the screen, where more than 400 trading pairs in different directions are available. To get more information about the selected pair, you can click on the “Pair Info” button. Here you will find data on market sentiment, price dynamics for different time intervals, and trading schedules.

Now let’s move on to creating a deal. On the right side of the screen, specify the time to close the trade using the plus and minus buttons or by selecting the standard options. Set the bet size from $1. Select the direction of the trade by clicking the ‘Above’ or ‘Below’ buttons depending on your assumption as to whether the rate will be higher or lower at the time of expiration compared to the current rate.

Wait for the trade to complete at the set time and check the result. The order history is displayed at the bottom of the screen and all active trades are shown on the chart.

Additional settings can be accessed in the settings section, which opens by clicking on the gear in the lower right corner of the screen. Here you can customize the design theme, grid transparency, and other visual effects according to your preferences.

Quotes of Qxbroker.com

The brokerage platform qxbroker.com provides access to a variety of currency pairs, including combinations involving the euro, Australian dollar, American dollar, Canadian dollar, New Zealand dollar, Japanese yen, British pound sterling, and Swiss franc. However, the source of these quotes is not disclosed on the qxbroker.com website, making it challenging to verify their accuracy independently. As a result, traders may need to rely on reviews and feedback from other users to gauge the reliability of the quotes provided on the platform.

 

Quotex Demo Account

To practice and explore the platform without risking your personal funds, Quotex offers you to open a free demo account and download a demo version of the terminal (option trading training). You will be given $10,000 to trade.

The registration button is displayed on the main page. Click on it to confirm your desire to trade without risk and get to the platform. And when you decide that you are ready to trade with real funds, you can open a trading account.

The interface of the terminal is completely identical to the platform with a real account, except that the trader spends virtual money. To switch between these accounts, it is enough to select demo or real account by clicking on the corresponding button in the upper right part.

 

Quotex App

The platform has a mobile application available for downloading from Google Play. The application has a convenient and well thought-out design and a wide range of functionality. The mobile app offers the same functionality as the PC version. A full set of tools you are familiar with and of course, high-quality trading with this broker awaits you.

Currently, the broker only offers a mobile application for Android devices. However, the platform can be accessed from any browser, including smartphones. The mobile application for iOS is under development.

 

Bonuses on qxbroker.com

Quotex offers various bonuses to its users, including an affiliate program and promotional codes with bonus units. Let’s explore each of these options in greater detail.

Coupons

Additionally, on your personal account on qxbroker.com there is a sort of ‘Hall of Fame’. Here, a list of bonus options is published, which will be unlocked for you if the platform administration sends the corresponding promo code. These options may include:

• “Cancel trade”: Allows you to reject a trade at any time if it has not been hedged.
• “Percent of turnover”: Involves charging interest for each opening.
• “Cancel X pips”: cancel a losing trade with a difference of several pips, etc.

Tournaments

The broker regularly holds various tournaments with a prize fund. Tournament participants receive the same amount of conditional units on a special account. Then they can make transactions using this tournament account. The winner is the one who has a larger balance. Each tournament may have its own entry fee, and the higher it is, the bigger the final prize pool. Some tournaments may also be free of charge.

Affiliate Program

Legal entities and individuals can participate in the affiliate program. The goal is to attract new traders to the qxbroker.com website. A partner can earn up to 80% from the profit, that the company receives due to his actions, or up to 7% from the total turnover from the attracted people. The order of work is as follows:

• The partner registers a personal account and sees his unique affiliate link in it.
• The link is placed on any resource where it is not prohibited by law and does not violate the rights of users.
• Each visit to qxbroker.com via the provided link is registered by the system and documented in the statistics within the Personal Area.
• If the migrated user has replenished the funds and started trading, the partner receives remuneration (the rate mentioned above).

 

Deposit and Withdraw on Quotex

On qxbroker.com the “Regulation on non-trading operations” has been published, outlining the terms for depositing and withdrawing funds. As per the document, the following types of payments are available:

• Bank transfers
• E-wallets, such as Perfect Money, etc. (the list depends on the region where the user lives).
• Cryptocurrencies (LTC, ETH, BTC, Zcash, USDT, Ripple, Coinbase, etc.).

Since trade is conducted in dollars, conversion for residents of other countries is an unavoidable procedure. The service provider exchanges USD at the internal exchange rate. And notes that payment agents, in turn, can also convert currency, but on their own terms. All fees are paid by the account owner. It is possible to bind the card to the account using the 1-Click option. This can  done at the stage of making a payment by checking the appropriate box.

The minimum deposit/payout amount is 10 dollars. If fiat is withdrawn in cryptocurrency, the lower limit is 50 USD. Although the regulations stipulate the right of the administration to set limits for you at its discretion. You submit an application from your personal cabinet, and technical support processes it within 7 days (in case of technical problems and suspicion of fraud, the term can be increased).

To complete your withdrawal, click on the appropriate button next to the deposit option on the Quotex platform. The withdrawal amount must match the amount used in the previous deposit. All withdrawal requests are processed within three business days. It is important to note that Quotex does not charge additional fees for the withdrawal process, just as it does for deposits.

 

Complaints About Quotex.com

Quotex has collected very good reviews about itself – both on international reputable review sites and among reviewers. Consistently maintaining a rating of no less than 4 out of 5 points, the company has earned praise for its platform’s convenience, functionality, swift transaction execution, and amiable customer support. The fact that the young broker has collected several hundred reviews is a little alarming but does not give a serious reason to suspect fraud.

If there are any reviews about Quotex binary options broker, we will definitely publish the information on social networks. Sign up so you won’t miss anything!

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Quotex Regulator

The legal name of the organization is Maxbit LLC and the company is registered at First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St. Vincent and Grenadines. The official website does not provide information on the availability of a license from any regulator.

qxbroker.com User Agreement

The qxbroker.com User Agreement, “Service Agreement (Offer)”, is in the public domain. You can get acquainted with the document before registration. And, to make it easier for you, we’ve broken down its main provisions. For example, you may be refused registration without giving a reason. This is stated in clause 2.3.

You warrant that you are not a civil servant and are not associated with politics. You must provide true information about yourself (clause 4.4). And perform all trading operations personally and with your details (clause 4.5).

It is forbidden to disclose any internal information obtained as a result of using the platform. And to use it to cause damage to the latter. Such wording can even mean a ban on posting feedback using correspondence with the support team or screenshots from the account. If you behave inappropriately toward Quotex representatives, your agreement may be terminated. Even if the company or its partners will benefit from the transaction you make, they may act at their discretion and not warn you about their actions (clause 4.20).

The information you provided when registering must be kept up to date. About all changes you need to write to support within 3 days from the date of changes. Any of your application has the right not to execute. It is not obliged to explain the reasons and notify you in advance (clause 5.11).

Quotex is also not responsible for the information posted on the website or in the app. Even if it caused losses. The latter has to check the veracity of the data itself. All legal issues between the company and individuals are resolved based on Seychelles law. If a claim arises, it should be sent no later than 5 days from the date it is stated (clause 9.2).

There are strict requirements for the preparation of the claim: references to the circumstances of the case and the conditions referred to by the trader, evidence, etc. The broker may not accept a claim containing insults, profanity, disrespectful statements, as well as these lacking arguments. The company can change the agreement, which come into force, even if they were not warned about them in advance (clause 12.1).

 

Is Quotex a Scam?

Quotex is a reliable representative of the industry. Reviews about the representative of the market are good: their authors write about the fast execution of transactions, the decency of the support service, and the absence of problems with payments. Judging by the good reputation for several years and many positive reviews, binary options broker Quotex is not a scam.

 

Conclusion

Quotex offers digital options trading. Which for the trader means an opportunity to come out in the plus with a higher probability. The main thing is to understand in which direction the chart will move, not to which mark it will reach. The minimum deposit is only 10 dollars. The broker has a training demo account, which will allow you to study the platform and hone your skills without investing personal funds. The broker is new on the market, but there are already a lot of positive reviews about it. Including international platforms with a good trust index.