20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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QUOTEX Review 2024
Minimum
deposit:
deposit:
- $10
Trading platform:
- Proprietary browser platform
- Proprietary Mobile app
Regulation:
Minimum
deposit:
deposit:
- $10
Trading platform:
- Proprietary browser platform
- Proprietary Mobile app
Regulation:
Trading features:
- Leveraged trading is not available, shares are not available
Summary of QUOTEX Trading Company
The Best Binary Options Broker
QUOTEX is one of the top brokers in the financial market with the TU Overall Score of 8.39 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 ranks 3 among 21 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
QUOTEX is a non-regulated binary option broker, which offers a proprietary trading platform, does not charge additional commission and allows you to start trading with a minimum investment amount.
QUOTEX is a broker specializing in binary options trading. The company was established in 2019. Its clients can trade currencies, metals, oil, cryptocurrencies, stock indices and earn a profit of up to 90% of the value of the option. QUOTEX has developed a proprietary trading platform which is easily customized, supports 29 technical indicators and allows investments from USD 10. The broker’s team provides support 24/7. Personal and payment information of the clients are protected with two-factor authentication.
| 💰 Account currency: | USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND |
|---|---|
| 🚀 Minimum deposit: | USD 10 |
| 🔧 Instruments: | Currency pairs, commodities, cryptocurrencies, indices |
👍 Advantages of trading with QUOTEX:
- Affordable minimum investment amount – USD 10;
- No trading fees and no deposit, withdrawal and account fees;
- Simple and user-friendly trading platform designed for binary option trading.
👎 Disadvantages of QUOTEX:
- Leveraged trading is not available;
- No license of an international regulator;
- There is no quality education and instruments for analysis on the website;
- You cannot withdraw the deposit bonus;
- Shares are not included in the available trading instruments.
Evaluation of the most influential parameters of QUOTEX
Trade with this broker, if:
- 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.
Do not trade with this broker, if:
- You prefer working with a regulated broker. Unfortunately, QUOTEX lacks licenses and operates solely based on registration in the Seychelles.
NOTE!
Do not miss a chance to get additional monthly bonuses and payouts for trading at QUOTEX.
Enter the referral code when you register on the website or QUOTEX app.
14344
Sign up and get a 30% deposit bonus!
Your capital is at risk.
*TU may receive partnership reward for registration of the client on the company’s website on a referral link.
Geographic Distribution of QUOTEX Traders
Popularity in
17.4%
IN
16.6%
MX
11.5%
DZ
11%
RS
5.2%
NG
5.1%
SA
5.1%
TR
4.9%
UZ
4.8%
IL
38.4%
Others
Video Review of QUOTEX i
User Satisfaction i
317 comments
Total score:
Share your experience
- Best
- Last
- Oldest
Muaaz
1 day ago
Verified
PK Rawalpindi 
I think it's a decent platform. I mainly trade EUR/USD and EUR/GBP through mt4, and the charts match up perfectly with Quotex's platform, no choppiness or unpredictability issues, unlike other brokers
i dont really see any weaknesses as such
Guilherme Fernandes
4 weeks ago
Verified
BR Campinas
Depósito e saques muito rápido, facilidade no manejo dos par de moedas.
Falta de recursos que nos trazem cashbank ou algo do tipo.
Radovan
3 weeks ago
Verified
RS Belgrade
Convenient trading functionality
Long process of account verification
Fahad
3 weeks ago
Verified
PK Islamabad
Good Support Service
Couldn't find it
Ved Prakash
2 weeks ago
IN Patna 
Tiropati Thakur
2 weeks ago
IN Pune
Camilo Cordoba
3 weeks ago
CO Bogotá Expert Review of QUOTEX
Young broker QUOTEX offers classic conditions for trading binary (Digital) options. On the trading platform, a trader speculates whether the price of an asset (currency pair, cryptocurrency, index or commodity) will go up or down and if his forecast is correct, he earns a profit. The percentage of the payout is fixed for each instrument and is known in advance.
Just like other option brokers, QUOTEX offers different systems of incentives. For example, its clients have access to the so-called ‘risk-free trades’, i.e. the trades, where a trader gets a profit in any case after they are closed. There is also a special Market with promo codes on the QUOTEX platform for the improvement of trading experience.
The company does not use third-party software. Its platform is simple, but functional. The interface of the QUOTEX platform is available in 6 languages and supports 4 types of charts, 14 timeframes and one-click trades. QUOTEX provides trading signals, but the company bears no responsibility for their accuracy and relevance. The client makes an independent decision on whether to trade based on the signals and QUOTEX is not responsible for the final result.
Dynamics of QUOTEX’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Broker
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.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
QUOTEX’s affiliate program:
-
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 7% 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.
Trading Conditions for QUOTEX Users
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 account types compared.
$10
Minimum
deposit
1:1
Leverage
24/7
Support
| 💻 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 |
| 💵 Replenishment / 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 |
Comparison of QUOTEX with other Brokers
| QUOTEX | Pocket Option | Binary.com | Binarium | ExpertOption | Nadex | |
| Trading platform |
Mobile MT4, Web platform, Browser platform | MT5, Web, Mobile | WebTrader, Mobile | Binarium | Browser platform | Nadex |
| Min deposit | $10 | $5 | $5 | $5 | $50 | $250 |
| Trading instruments |
currency pairs / CFD, indices, Cryptocurrencies, Commodities | currency | indexes, Forex, goods, stock, random index | indexes, Currencies, Cryptocurrencies | Options | Currencies, Assets of stock and commodity markets |
| Signals | No | No | No | No | No | No |
| Analytical support |
No | No | Yes | No | Yes | No |
| Training | No | No | Yes | No | Yes | Yes |
| Additional tools |
No | Copy Trading tool | premature closing | No | No | No |
Broker comparison table of trading instruments
| QUOTEX | Pocket Option | Binary.com | Binarium | ExpertOption | Nadex | |
| Forex | Yes | Yes | Yes | Yes | No | No |
| Metalls | Yes | No | Yes | No | No | No |
| Crypto | Yes | Yes | No | Yes | No | No |
| CFD | Yes | No | Yes | No | No | No |
| Indexes | Yes | Yes | No | Yes | No | No |
| Stock | No | No | No | Yes | No | No |
| ETF | No | No | No | No | No | No |
| Options | Yes | Yes | Yes | Yes | Yes | Yes |
QUOTEX Commissions & Fees
Information
TU experts analyzed QUOTEX trading conditions in order to reveal trading and non-trading fees and also hidden commissions. The broker does not charge traders with a commission for executing trades. There are also no deposit and withdrawal fees. However, banks and payment systems may charge a transfer fee of 1-5%, as QUOTEX warns on its website.
| 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.
We compared the average commissions of three binary brokers: QUOTEX, Binomo and PocketOption. Below are the results of the comparison.
| Broker | Average commission | Level |
| QUOTEX | $1 | Low |
| Binomo | $2 | Medium |
| Pocket Option | $2.5 | High |
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.
QUOTEX in figures:
-
Over 40 trading instruments are available;
-
Maximum payout is 90%;
-
QUOTEX mobile application was downloaded 500,000 times;
-
The trading platform is available in 6 languages;
-
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:
-
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.
-
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%.
-
Indicators. A total of 29 indicators, including 11 trend and 18 oscillators, are available on the trading platform.
-
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:
1
Access to trading different classes of assets;
2
Simple trading platform adjusted to trading digital options;
3
Responsive multilingual customer support.
Traders can work with 14 expiration periods – from 5 seconds to 24 hours. How to buy/sell on QUOTEX.
How to Start Making Profits — Guide for Traders
QUOTEX offers novice and experienced traders a single account type, which allows for executing transactions with currencies, cryptocurrencies, indices and commodities. If you want to learn how to make money on QUOTEX, read the Traders Union article.
Account types:
Account Type
Description
Live account
is a real account for trading binary options at the payout of up to 90%, using the trader's own money. The minimum bid is $1, minimum deposit - $10. The company does not charge trading and non-trading fees.
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. How to Delete a QUOTEX Account.
Quotex - How to open a trading account? | Firsthand experience of Alex Smith by Traders Union
Quotex tested by Rinat Gismatullin
Bonuses paid by the broker
Deposit bonus
There is a 30% deposit bonus for new clients for their first deposit from $100 and higher. The bonus can be used for trading, but cannot be withdrawn.
Risk free trade
The company awards a promo code to clients who write a review about QUOTEX on any online source. Using the code, you can cancel any $3 loss trade.
Investment Education Online
Information
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.
Information provided in the FAQ section
Information lacking on the QUOTEX website
What are digital options?
Glossary of important digital option-related terms
Types of options
Economic calendar and news
What is a trading platform and why is it needed
Technical and fundamental analysis
The gist of trading options
How to customize the trading platform
Definition of the “expiration period”
What trading strategies the traders specializing in options trading use
What are the possible results of the placed trades
How to trade using signals and robots
The broker has demo accounts, where you can practice and test your knowledge without any financial risk.
Security (Protection for Investors)
Information
QUOTEX is the trade name of Maxbit LLC. The company is registered in St. Vincent and the Grenadines and operates in compliance with its laws.
At the time when this review was being written, the company’s representatives informed that the company was in the process of obtaining the SVGFSA (Financial Services Authority of St. Vincent and the Grenadines) certificate.
👍 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
- Deposits of the clients do not participate in the compensation mechanisms
More about which countries accept Quotex
Withdrawal Options and Fees
-
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.
-
The company does not charge a withdrawal fee. Payment systems charge 1-5% fee on the transfers.
-
Withdrawal requests are processed within 3 working days.
-
The minimum withdrawal amount for the majority of payment systems is $10, for cryptocurrencies - $50 (also higher for some currencies, for example BTC).
-
On average the withdrawal procedure takes from one to five days.
-
The company may request verification for large withdrawals, although the exact amount is not specified on the website.
Customer Support Service
👍 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:
-
Via email (using the form on the website or by writing a letter);
-
By creating a ticket in the Personal Account;
-
By writing on Telegram.
The company has pages on Instagram, Facebook and Twitter.
Contacts
| Foundation date | 2019 |
| Registration address | First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St. Vincent and Grenadine |
| Official site | https://quotex.io/en/ |
| Contacts |
Email:
support@quotex.io,
|
Review of the Personal Cabinet of QUOTEX
In order to create a Personal Account on QUOTEX, you need to register on the broker’s website. Follow the instructions below and the entire process won’t take more than 5 minutes:
1
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.
2
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.
3
Features of Persona Account on QUOTEX:
1. Deposit and withdrawal:
2. Trading on the web platform:
1. Deposit and withdrawal:
2. Trading on the web platform:
Traders can also take the following actions in the Personal Account:
-
Open a demo account;
-
Change live account currency;
-
Receive trading signals in real time mode;
-
Ask a question using a ticket;
-
Use available promo code;
-
Turn on two-factor authentication;
-
Generate statistics of the trading profile details;
-
View payment history.
Disclaimer:
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.
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FAQs
Do reviews by traders influence the QUOTEX rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about QUOTEX you need to go to the broker's profile.
How to leave a review about QUOTEX on the Traders Union website?
To leave a review about QUOTEX, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about QUOTEX on a non-Traders Union client?
Anyone can leave feedback about QUOTEX on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
Traders Union Recommends: Choose the Best!
Open an account
Your capital is at risk.
Open an account
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62% of retail investor accounts lose money when trading CFDs with this provider.
62% of retail investor accounts lose money when trading CFDs with this provider.
Open an account
Your capital is at risk.