QUOTEX India - Is It a Good Broker in 2024?

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QUOTEX is a binary options trading platform established in 2019. It offers traders the option to trade in foreign exchange, cryptocurrencies, commodities, and indices. The company has traders from different locations, including India, Mexico, Turkey, Nigeria, and more.

Traders who choose to work with QUOTEX enjoy plenty of benefits, including a wide range of trading options, high payouts, and 24/7 customer support. This review looks closely at QUOTEX India’s features and platform to see if it’s worth your investment in 2024.

Key points from the article

  • QUOTEX offers a user-friendly platform for a wide range of markets and trading instruments.

  • Pros include affordable minimum deposit ($10), variety of trading options, 24/7 support. No fees on trades, deposits or withdrawals.

  • Cons are it is not regulated by government authorities in India and deposit bonuses cannot be withdrawn.

  • Platform provides access to currency pairs, indices, commodities, stocks, derivatives. Mobile and web platforms available.

  • While not regulated in India, QUOTEX is legally operating and accepts Indian traders. Deposits can be made via local payment methods.

  • Payment methods for Indian deposits include bank transfer, debit/credit cards, cryptocurrency, e-wallets.

QUOTEX India - General Information

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Your capital is at risk.

Quotex is a digital options broker with more than 100 markets globally. It accepts all kinds of clients and supports different currencies. It has a reliable online trading presence, a dedicated platform, and reliable software. The table contains more details about the platform.

QUOTEX India Pros and Cons

👍 Pros:

They offer affordable minimum deposit

Traders can choose from a variety of trading options

They have 24/7 customer support

They have user-friendly trading platform

They charge no fees on trading, deposits, or withdrawals

👎 Cons:

Not regulated in India

You can’t withdraw the deposit bonus

QUOTEX India Review

Traders with QUOTEX have access to different trading opportunities including currency pairs, indices, commodities, stocks, and derivatives. The trading platforms that this company offers include Mobile MT4, Web platform, and Browser platform.

Traders benefit from several features, including advanced charting tools as well as automated trading opportunities. The company also offers a mobile app that can be downloaded on both iOS and Android devices.

QUOTEX is available in different countries and supports several languages, including English, French, German, Spanish, Hindi, and many more. The broker has a professional team of financial experts that can provide assistance to traders in case they have any questions or concerns.

Local clients of QUOTEX India can also benefit from the company’s easy-to-use trading platform, which is available in both English and Hindi. With QUOTEX, traders can also enjoy fast and secure deposits via local payment methods such as debit cards or net banking.

Best Binary Trading Platforms in India

Is QUOTEX Legal in India? Is It Safe?

Yes QUOTEX is legal in India. Traders in India can take advantage of all the features that this broker has to offer, including the ability to trade on a wide range of financial markets and assets.

QUOTEX India is regulated by the International Financial Market Relations Regulation Center (IFMRRC) and its license number is TSRF RU 0395 AA V0161. However, you must note that since QUOTEX is new, it still doesn't have an Indian government license.

QUOTEX accepts local clients who are residents of India, and it also accepts clients from other countries as long as they are verified. You can open an account with QUOTEX by providing your personal details including identification documents.

QUOTEX India also has all the necessary security measures in place. Their website is protected by an SSL certificate, which means that all information you enter while trading with them will be encrypted. They also offer two-factor authentication to ensure that only authorized users are able to access your account.

Is Quotex an Indian company?

Quotex is registered in St. Vincent and the Grenadines. Quotex traders are distributed across the globe. They have customers in over 20 countries, including India. Most of its traders come from India, Turkey, the United States, Australia, and the United Kingdom. They are also open to traders from other countries.

Is Quotex Registered in India?

Quotex is registered in St. Vincent and the Grenadines and operates in accordance with the law. Even though it's not regulated by the Indian government, it's still safe for Indian traders and remains one of the best brokers. The company has a solid reputation and is known for its excellent customer service.

QUOTEX India - Fees

QUOTEX does not charge fees on deposits or withdrawals. However, you might incur fees on various payment systems and currency transactions. The broker also doesn't charge its traders commissions for any trades they execute.

Regarding key markets, Quotex offers a wide range of financial instruments that can be traded on the site. These include currencies, commodities, and stocks from around the world. You can trade with different currency pairs, including USD, EUR, GBP, BRL, and more.

How Do You Make a Deposit in India? – Payment Methods

If you're in India, Quotex offers you a wide range of payment methods. You can deposit funds into your trading account in Indian rupees (INR). Quotex accepts deposits via bank transfer, credit/debit card, Cryptocurrencies, and electronic wallets.

FAQs

Is the Quotex account free?

Yes, you can create your Quotex account free of charge and even enjoy the demo account. If you want to start trading with real money, you’ll need a minimum deposit of $10.

Is Quotex legitimate for Indian traders?

Yes, trading via Quotex India is legal. The broker is regulated and complies with all the government regulations of binary trading.

How much does it cost to trade in Quotex?

It’s absolutely free to trade any asset on the platform. The broker will not charge you any trading fees. You will also not pay any deposit or withdrawal fees on Quotex.

What can I trade on Quotex?

You can trade different assets on Quotex, including forex, Binary Options, Cryptocurrencies, and stocks. The platform offers different asset trading and all you have to do is sign up and get started.

Team that worked on the article

Andrey Mastykin
Author, Financial Expert at Traders Union

Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.

He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.

Ivan Andriyenko
Author at Traders Union

Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).