According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- Proprietary browser platform
- Proprietary Mobile app
- Leveraged trading is not available, shares are not available
Our Evaluation of QUOTEX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
QUOTEX is one of the top brokers in the financial market with the TU Overall Score of 8.9 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by QUOTEX clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
Quotex is a binary option broker operated by ON SPOT LLC GROUP, registered in St. Kitts and Nevis. While it is not regulated by major financial authorities like the FCA or CySEC, it offers a user-friendly platform designed for fast and simplified trading. Traders can start with a minimum deposit of $10, enjoy zero trading fees, and access various assets, including Forex, commodities, and cryptocurrencies. However, the platform lacks leveraged trading, in-depth educational resources, and advanced analytical tools.
Brief Look at QUOTEX
Quotex is a well-regarded binary options broker for trading currencies, commodities, cryptocurrencies, and indices. Investors can profit up to 90% on successful trades.
The proprietary web-based trading platform is user-friendly and tailored specifically for binary options trading. Additionally, Quotex's mobile app has gained significant popularity among users, with over 1 million downloads.
One of the advantages of trading with Quotex broker is the low minimum investment per trade, starting at just $1. The broker does not impose any trading commissions or fees for deposits and withdrawals, making it an affordable option for traders. The broker also offers 24/7 multilingual customer support and valuable features like trading signals, technical indicators, and risk-free trades. Furthermore, the Quotex binary trading system allows users to engage in short-term trades with predefined risk and reward, making it a straightforward option for those new to binary options. While Quotex fees remain competitive with no hidden charges, traders should still consider any applicable payment processor fees when depositing or withdrawing funds.
- Affordable minimum investment amount – $10;
- No trading fees and no deposit, withdrawal and account fees;
- Simple and user-friendly trading platform designed for binary option trading.
- Leveraged trading is not available;
- No license of an international regulator;
- There is no quality education and instruments for analysis on the website;
- Shares are not included in the available trading instruments.
TU Expert Advice
Author, Financial Expert at Traders Union
Quotex offers binary options trading via its proprietary platform, enabling trades across Forex, commodities, and cryptocurrencies. Traders benefit from a minimum deposit of $10, no trading fees, and a user-friendly interface. The platform also provides a free demo account, multilingual options, and trading signals, all of which enhance the trading experience for both novice and experienced users.
However, Quotex is not regulated by major financial authorities, which could be a concern for those who prioritize regulated trading environments. Additionally, leveraged trading and comprehensive educational resources are lacking. This makes Quotex more suitable for traders focusing on binary options with a preference for low initial investments but may not be suitable for those seeking comprehensive regulatory oversight.
- You are interested in personalized trading conditions. You can start with $10, but depositing $1,000 grants you increased profitability and unique promo codes. Quotex offers deposit bonuses of up to 30% without additional conditions.
- You are accustomed to working with minimal trading costs. Regardless of the trade type, there are no fees charged. The broker also doesn't charge withdrawal fees, irrespective of the chosen channel, with the only cost being the spread.
- You require special tools for market analysis without relying on external resources. Quotex provides several dozen indicators and integrated signals, boasting an 87% accuracy rate.
- You prefer working with a regulated broker. Unfortunately, Quotex lacks licenses and operates solely based on registration in the Seychelles.
QUOTEX Summary
Your capital is at risk. CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.
| 💻 Trading platform: | Proprietary web platform and mobile application |
|---|---|
| 📊 Account types: | Demo, Live |
| 💰 Account currency: | USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND |
| 💵 Deposit / Withdrawal: | Visa/Mastercard cards, Perfect Money, Piastrix, FK Wallet, cryptocurrencies Bitcoin Cash, BTC, LTC, ETH, Coinbase, Dai, Binance Coin, Paxos Standard |
| 🚀 Minimum deposit: | USD 10 |
| 📈️ Min Order: | USD 1 |
| 🔧 Instruments: | Currency pairs, commodities, cryptocurrencies, indices |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| ⭐ Trading features: | Leveraged trading is not available, shares are not available |
| 🎁 Contests and bonuses: | Deposit bonus, risk-free trade, promo codes |
The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money. Traders often ask whether Quotex, in terms of security, is safe, or if it’s not entirely risk-free, and while the broker provides a user-friendly platform with competitive conditions, it is important to note that Quotex, in terms of financial oversight, is regulated under no major financial authority. However, Quotex’s transparent and clearly stated fees, including no deposit or withdrawal charges, makes it a viable option for cost-conscious traders.
Quotex offers binary option trading using its own proprietary platform. The minimum deposit is $10. The trading account is opened in US dollars by default, but the clients can change the account currency at any time without paying the conversion fee. Money can be deposited and withdrawn with debit/credit cards, electronic payment systems and cryptocurrencies. The broker does not provide leverage. Demo account with a virtual deposit of USD 10,000 is available.
QUOTEX Key Parameters Evaluation
Video Review of QUOTEX
Share your experience
- Best
- Last
- Oldest
Evandro T. Freitas 
Verified
BR Aparecida Depósito mínimo $10
Nenhuma.
Fabio jr
BR Ponta Porã retirada grátis, pode usado no celular, muitas ferramentas para análises
bom seria se pudesse depositar em valores mais baixos que 50,00 reais
MD ALIF
Verified
BD Dhaka Fast trading interface
Everything is fine, no issues
Eduardo Junior
BR Anápolis 
Yashas Allappanavar
Verified
IN Bengaluru Pros:- ° The platform is easy to use, even for beginners. The chart tools and indicators are well-organized and effective if used effectively. ° They offer a free demo account with virtual funds, which was helpful in learning how the platform works without risking actual money. ° Trades are executed quickly(in milliseconds), and I didn't encounter any major lags or system errors so far. ° The minimum deposit is $10 which is too low considering other binary options.
Cons:- ° While there are many forex pairs, cryptocurrencies, and commodities, the range of assets is limited compared to larger brokers.
Sabina Chambassuco
Verified
AO Luanda RÁPIDA
Nenhuma fraqueza
Paulo Henrique 
Verified
BR Uberlândia Excelente gráficos, tudo de bom, nada contra esse mercado Excelente!
Nada contra
Trading Account Opening
In order to start with Quotex, and set up an active account, you need to register on the broker’s website. Follow the instructions below and the entire process won’t take more than 5 minutes:
Register on the TU’s website, find Quotex in the list of brokers and use the referral link to access its official website. Click on Sign Up.
In the registration form, enter your email and password and also select the account currency. For quick registration, you can use your personal profile on Facebook, VK or Google. Next, you need to sign in to your Account.
Features of Personal Account on Quotex:
Traders can also take the following actions in the Personal Account:
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Open a demo account;
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Change live account currency;
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Receive trading signals in real time mode;
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Ask a question using a ticket;
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Use available promo code;
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Turn on two-factor authentication;
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Generate statistics of the trading profile details;
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View payment history.
With the Quotex platform requiring only a minimum deposit of just $10, traders of all levels can easily get started with a small investment while exploring its full range of features on the Quotex web, which functions as a stable and intuitive trading platform for both beginners and experienced traders.
Regulation and safety
QUOTEX is the trade name of ON SPOT LLC GROUP.
The company is registered in Charlestown, St. Kitts and Nevis and operates in compliance with its laws.
Advantages
- The trading platform and Personal Account are protected with two-factor authentication.
- Verification is required only for withdrawal of large amounts.
Disadvantages
- Traders do not have negative balance protection.
- Traders cannot submit a claim or complaint against the broker to any regulator.
While many traders debate whether Quotex is genuinely safe or not, it is crucial to understand that Quotex, despite offering various features, is not regulated by any globally recognized financial authority. However, the broker does provide security features such as two-factor authentication for account protection. To ensure that users are accessing the correct platform, traders should always visit the Quotex official website directly and avoid third-party links that may lead to fraudulent sites.
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Live | $1 | Charged by the banks and payment systems |
The broker allows you to change the account currency at any time and does not charge a conversion fee.
| Broker | Average commission | Level |
|---|---|---|
|
$1 | |
|
$2 | |
|
$2.5 |
Account types
Quotex offers novice and experienced traders a single Quotex account, which allows for executing transactions with currencies, cryptocurrencies, indices, and commodities.
The broker offers its potential clients an opportunity to test trading conditions and experiment with various strategies without financial risks by using a Quotex demo account for practice. Quotex is a binary option broker with identical conditions for all types of clients.
The broker offers its potential clients an opportunity to test trading conditions and trading strategies without financial risks using a demo account. QUOTEX is a binary option broker with identical conditions for all types of clients.
Deposit and withdrawal
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You can withdraw funds in the same way that was used to make the deposit. Visa and Mastercard cards, electronic systems Perfect Money, Piastrix, FK Wallet, cryptocurrencies, including BTC, LTC, ETH are available.
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The company does not charge a withdrawal fee. Payment systems charge 1-5% fee on the transfers.
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Withdrawal requests are processed within 3 working days.
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The minimum withdrawal amount for the majority of payment systems is $10, for cryptocurrencies - $50 (also higher for some currencies, for example BTC).
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On average the withdrawal procedure takes from one to five days.
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The company may request verification for large withdrawals, although the exact amount is not specified on the website.
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Deposits of the clients do not participate in the compensation mechanisms.
For more detailed Quotex withdrawal insights, traders should consider the processing times and possible external fees associated with different payment systems. The Quotex minimum deposit stays low, making it accessible to traders of all levels, while Quotex payout withdrawal review processes ensure flexibility in cashing out earnings.
Investment Options
As Quotex is known for its intuitive investing platform, the broker provides a range of assets for traders to choose from, ensuring a dynamic trading experience. Additionally, Quotex, as a reliable broker, maintains transparency in its fee structure, keeping trading costs low. While there are no direct trading fees, traders should still be aware of any commission charges imposed on Quotex by external payment providers.
User Agreement published on the Quotex website specifies that the clients are prohibited to create, select, use automated systems, algorithms, mechanisms and other specialized software that allow them to perform transactions without the direct involvement of the trader. The Partnership program is the only passive income option.
Quotex’s affiliate program
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Affiliate program. Based on its conditions, a partner is awarded up to 80% of the broker’s trading commission for each referred client and also up to 5% of his/her trading volume. Partnership reward is paid once a week.
Quotex claims that the number of users who joined under the Affiliate program is 2.8 million, partners – over 18,000 people. Weekly earnings of partners reach USD 2.4 million, according to the company’s website.
Customer support
Customer support operates without breaks and days off.
Advantages
- Support is provided 24/7;
- The operators respond in more than 15 languages;
- Quick responses to tickets formed in the Personal Account.
Disadvantages
- There is no live chat on the website or in the Personal Account;
- You cannot contact the broker by phone;
- Responses by email come within one working day;
- Company representatives prefer to communicate with unregistered users via email.
Traders can contact customer support:
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By creating a ticket in the Personal Account;
The company has pages on Instagram, Facebook and Twitter.
Contacts
| Foundation date | 2019 |
|---|---|
| Registration address | Main Street, P.O. Box 625, Charlestown, St. Kitts and Nevis. |
| Official site | https://qxbroker.com/ |
Education
QUOTEX is not involved in providing education in the area of digital option trading. Its website does not feature educational articles and video tutorials, which can help novice traders learn about the new type of activity. The FAQ section provides the overall idea about options.
Quotex, while recognized as a reliable trading platform, does not actively provide educational resources in the area of digital option trading. Its website lacks structured learning materials related to Quotex and its platform, which would help traders better understand the broker and its offerings. Unlike other platforms, it does not feature educational articles or video tutorials, which could assist novice traders as they attempt to learn more about trading on Quotex and how to navigate the market. The FAQ section provides a general overview of options but lacks in-depth guidance.
The broker has demo accounts, where you can practice and test your knowledge without any financial risk.
Comparison of QUOTEX with other Brokers
| QUOTEX | Pocket Option | Binarium | Binary.com | Capitalcore | OlympTrade | |
| Trading platform |
Web platform, Browser platform | MT5, Web, Mobile | Binarium | Deriv Trader, MT5 | Binary platform for web and mobile | Proprietary platform, Web, Mobile |
| Min deposit | $10 | $5 | $5 | $5 | $10 | $10 |
| Trading instruments |
currency pairs / CFD, indices, Cryptocurrencies, Commodities | currency | indexes, Currencies, Cryptocurrencies | indexes, Forex, goods, stock, random index | stock, Forex, Binary options, Stocks | Currency pairs, cryptocurrencies, Composites, stocks, indices, commodities, ETFs, OTCs - Over-the-Co |
| Signals | Yes | No | No | No | No | Yes |
| Analytical support |
No | No | No | Yes | No | Yes |
| Training | No | No | No | Yes | No | Yes |
| Additional tools |
No | Copy Trading tool | No | premature closing | No | No |
Detailed review of Quotex
Quotex allows its clients to trade classic Call and Put binary options using a simple proprietary platform. The broker offers demo accounts and provides for an opportunity to start trading without passing verification. To make it even more convenient, Quotex expanded the list of available payment systems: the traders can now deposit and withdraw funds not only using debit/credit cards and EPS, but also 11 cryptocurrencies.
As highlighted in this Quotex review, the broker's platform is designed to be accessible and efficient, offering a seamless experience for traders at all levels. Quotex, known for its user-friendly interface, offers a strong trading platform that ensures users can execute trades with ease, utilizing multiple analytical tools to enhance decision-making. Additionally, traders looking to test strategies without financial risk can benefit from Quotex’s additional offerings, which provides a hands-on demo mode, offering a simulated trading environment for practice.
Quotex in figures:
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Over 40 trading instruments are available;
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Maximum payout is 90%;
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Quotex mobile application was downloaded more than 1 mln;
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The trading platform is available in 21 languages;
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The company has a website in 19 languages.
QUOTEX is a binary broker for trading four classes of assets
QUOTEX offers access to trading 43 instruments, the processing time for which, at normal market conditions, is 0-4 seconds. The broker’s clients can perform trades with 23 currency pairs, 14 indices, cryptocurrencies, (Ethereum and Bitcoin), UKBrent, USCrude, gold, silver. The payout percentage depends on the chosen trading asset. On currencies and commodities, traders can get up to 90% of the value of option, on cryptocurrencies and indices – up to 25%. Trading is carried out from a single account, where you can change currency without paying the conversion fee.
QUOTEX developed a proprietary web platform, which operates from a browser on any device (table, mobile, tablets) and does not require installation. On April 1, 2021, the company presented its mobile application, which is currently only available for Android devices.
Useful services by QUOTEX:
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Telegram channel features news, market reviews and analytical forecasts on the most liquid assets in the world. Channel subscribers are the first to learn about the bonuses and offers of the company.
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Trading signals. They are provided directly on the trading platform in real time mode. The company claims that the accuracy of its signals is 87%.
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Indicators. A total of 29 indicators, including 11 trend and 18 oscillators, are available on the trading platform.
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Market. This section of the Personal Account features all available free and paid promo codes. A trader can also enter the available promo codes here.
Advantages:
Access to trading different classes of assets;
Simple trading platform adjusted to trading digital options;
Responsive multilingual customer support.
Traders can work with 14 expiration periods – from 5 seconds to 24 hours. How to buy/sell on QUOTEX.
Conclusion
Quotex provides an intuitive and efficient trading experience for binary options traders. With a user-friendly interface, a low minimum deposit, and no hidden fees, Quotex caters to both novice and experienced traders. While Quotex offers flexible withdrawal options and competitive payouts, it is important to note that it is not regulated, meaning traders should approach with caution. Overall, Quotex remains a strong choice for those looking for a simple yet effective way to trade binary options.
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