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Quotex main features
| Feature | Detail |
|---|---|
| Starting year | 2020 |
| Instruments | Binary options on forex, cryptocurrencies, commodities and indices |
| Demo balance | $10.000 |
| Platform | Web, mobile (Android and iOS) |
| Methods of payment | Credit/debit cards, cryptocurrencies, e-wallets, etc. |
| Support | Live chat, e-mail |
Advantages and disadvantages of Quotex
Pros
- Intuitive and fast platform.
- Demo account with $10,000.
- Diversity of assets to operate.
- Commission-free deposits and withdrawals.
- Fast processing of withdrawals.
- Compatible with browsers and mobile devices.
Cons
- It is not regulated by high-level financial entities.
- It does not offer leverage for other instruments.
- Binary options carry a high risk.
Quotex account types
Quotex does not handle a traditional account classification like other brokers, but offers a single trading account with access to all its features. However, traders can trade with a single account. unlimited demo accountideal for practicing strategies without risk.
Tools for investing in Quotex
The broker offers a wide selection of assets for trading binary options:
- Forex: Major, minor and exotic pairs
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin and others
- Raw materials: Gold, silver, oil
- Indexes: Major stock markets
Quotex trading platform
One of Quotex' strengths is its web platform, which stands out for its speed and ease of use. It requires no downloads and is compatible with any modern browser. In addition, it has an application for mobile devices (Android and iOS), allowing you to operate from anywhere.
Quotex charting and analysis tools
The platform incorporates advanced tools to improve decision making:
- Technical indicators: RSI, MACD, moving averages, Bollinger bands
- Various types of graphics: Japanese candles, lines, area
- Interface customization: Options to adapt trading to each style
Quotex Deposit and Withdrawal Methods
Quotex offers several payment methods to facilitate access to traders from different regions:
- Credit/debit cards: Visa, Mastercard
- Cryptocurrencies: Bitcoin, Ethereum and others
- Electronic wallets: Perfect Money, Advcash Withdrawals are usually processed quickly, although they can take up to 24 hours depending on the method used.
Quotex commissions and fees
Quotex does not charge commissions for deposits or withdrawals, which is an advantage over other brokers. It also has no inactivity fees. The platform's main source of income comes from the spread on binary options payouts.
Education and customer service
The broker offers a training section with guides and tutorials to help traders improve their strategies. In addition, live chat and email support is available, with quick responses and multilingual support.
Quotex Broker: our opinions
Quotex is an excellent choice for those looking to trade binary options with a modern and affordable platform.
Its intuitive interface, unlimited demo account and diversity of assets make it ideal for both beginners and experienced traders.
In addition, the speed of withdrawals and the absence of commissions make it an attractive broker for those seeking efficiency and reliability in their operations.
Verdict: A reliable and recommended broker for binary options.
Frequently asked questions about Quotex
What is Quotex and how does it work?
Quotex is a binary options broker that allows users to speculate on the price movement of various financial assets. It works by allowing traders to open buy or sell trades depending on the direction of the market within a given time frame.
What type of broker is Quotex?
Quotex is a binary options broker, specialized in speculative trades with predefined expiration time.
How secure is Quotex broker?
Although it offers data protection and secure transactions, it is not strongly regulated by recognized financial organizations, so it is advisable to operate with caution.
Is Quotex legal?
It depends on the country in which you reside. Some countries allow binary options trading, while in others it is restricted or prohibited.
Is Quotex reliable?
Many traders have reported a positive experience with the broker, highlighting its ease of use and speed of withdrawals. However, as with any unregulated broker, it is always advisable to do your research before investing large sums.
How much commission does Quotex charge?
Quotex does not charge commissions for deposits or withdrawals, nor does it have dormancy fees.
What is Quotex's minimum withdrawal?
The minimum withdrawal is $10 usd or its equivalent in other payment methods.
Does Quotex pay?
Yes, most traders report that Quotex processes payments correctly within the estimated timeframe, as long as the identity verification requirements are met.
