Headquartered in Seychelles, Quotex is an online financial services provider that allows traders to conveniently trade various financial markets across different asset classes — digital options, forex, indices, and cryptocurrencies — using an in-house-built trading platform. The broker operates the STP execution model, which offers access to the interbank market. They provide traders with competitive trading conditions, such as low spreads, low commissions, zero account fees, and more. The minimum deposit required to start trading is $10.
Quotex Review Introduction
In this Quotex review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including Quotex.
Quotex Platforms & Tools
Quotex allows traders to buy and sell the available financial instruments using their proprietary trading platform. The Quotex trading platform is web-based, and as such, it runs directly on modern web browsers, such as Chrome, Firefox, Mozilla, and Edge. The web platform eliminates the need to download or install any additional software. The platform has an easy-to-use interface to make it suitable for all levels of traders. Some other essential features of the Quotex trading platform include a copy trading functionality, trading signals service, indicators, and other valuable tools. In addition to the tools built into the provided trading platform, the broker provides traders with some standalone trading tools, such as advanced trading charts, technical indicators, trading signals, and more.
Quotex Research & Education
An FAQ section of the broker’s website answers some of the most common questions that traders may have.
Quotex Trading Accounts
The broker allows traders to open a single live trading account with a minimum deposit of $10. a demo account is also available to help amateur traders familiarize themselves with the broker’s platforms before opening a live trading account. The more experienced traders can use the demo account to test run their trading strategies before implementing them on the live account.
Quotex Account Funding
Quotex allows traders to deposit and withdraw funds to and from their trading accounts using any of the following payment methods: bank transfer; credit/debit cards, such as Visa and MasterCard; and some online payment gateways: Neteller, Skrill, WebMoney, QIWI, and more.
Quotex Customer Service
All clients’ general, technical, and account-based inquiries are sent to a knowledgeable client support team. The support team is available 24/7 and can be reached through any of the following contact channels: telephone, email, social media, and online form.
Quotex is a brand name of Awesomo Ltd, a company based in Seychelles and regulated by the International Financial Market Relations Regulation Centre (IFMRRC) with the license number: TSRF RU 0395 AA V0161.
Quotex Review Summary
Launched in 2019 and based in Seychelles, Quotex is a multi-asset brokerage firm that operates the STP execution model. They allow traders to buy and sell various financial markets using a proprietary trading platform. The broker offers access to trade multiple financial markets via a proprietary trading platform that is available as a WebTrader. Traders are provided with useful trading tools, educational resources, and a 24/7 customer support team. The minimum deposit required to start trading is $10. The IFMRRC regulates the broker.
It is worth mentioning that some of the trading products and services in this Quotex review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Quotex broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. It would help if you considered whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.