Apart from QUOTEX's web-based platform, its diverse asset selection, flexible expiry durations, payouts, educational resources, mobile app, customizable charts, and demo account make it a great choice for digital options trading.
QUOTEX mobile app: main features and functionality
Updated: July 19, 2023
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Are you curious about the features and functionality of the QUOTEX mobile app? Look no further, as the experts at TU have prepared an informative review that covers all aspects of this trading platform. The QUOTEX app is a mobile trading platform that can be installed on various devices, and its popularity is on the rise due to the convenience it offers to traders. So, our team of experts at Traders Union has conducted a comprehensive analysis of the QUOTEX mobile app, highlighting its main and additional functions. In addition, they will also provide a comparative assessment of QUOTEX and its main competitors, RaceOption and VideForex.
QUOTEX app checklist
| QUOTEX | RaceOption | VideForex | |
|---|---|---|---|
| Mobile App Rating | 4.5/5 | 2.4/5 | 4.0/5 |
| User friendliness | 4.5/5 | 4.0/5 | 4.0/5 |
| Updates | Yes | Yes | Yes |
| Biometric and two-factor authentication | Yes | Yes | Yes |
How to download and set up QUOTEX app
Follow these easy steps to download and set up the QUOTEX app on your mobile device:
Head to the Google Play Store or Apple App Store and search for the QUOTEX app.
Once you locate the app, download and install it on your device.
Open the app and select the 'create account' option.
Choose a method to sign up, such as using Google, VK, or Facebook.
Enter your login credentials for your chosen sign-up method.
Click on the confirm button to complete the registration process.
After successful registration, you can start trading by making a deposit of just $10. The minimum trade amount is $1, making it an affordable option for traders. To start trading, follow these steps:
Select an asset to trade and view the potential percentage return for a successful trade.
Choose an expiration time ranging from one minute to four hours.
Decide on either the up or down option, depending on your assessment of the price movement of the currency pair.
Enter the amount you want to invest.
Create trading strategies and use charts to better understand market volatility and the price nature of assets, which can help reduce the risk of losing trades.
Main features of QUOTEX mobile app
QUOTEX offers a variety of features that make it a great platform for trading digital options on underlying assets. The following are some of the main features:
Web-based platform: QUOTEX's platform is web-based, so there is no need for any downloads or installations. This makes it easy for traders to access the platform from any device.
Trading on a variety of Assets: QUOTEX offers trading on over 400 underlying assets, including securities (companies), Forex, commodities, and some indices like the S&P 500.
Diverse expiry durations: The platform supports a wide range of expiry durations, from 1 minute to one month or more in some cases, giving traders the flexibility to choose their preferred time frame.
Payouts: The payout percentage varies based on the asset and time frame. Returns may also vary based on existing trade information, with contrarian views potentially resulting in larger than expected payout percentages.
Education: The platform offers a demo account for traders to learn the system, as well as guidance videos and market news for traders to stay informed.
Mobile app: QUOTEX also offers a mobile app for Android users, with quick and responsive functionality, allowing traders to access all features of the web version.
Customizable charts: The platform hosts dozens of commonly used indicators that can be fine-tuned to a trader’s personal taste, allowing traders to create trading strategies tailored to their needs.
Demo account: QUOTEX offers a demo account with $10,000 in tradable funds, providing full access to trading features while limiting access to news, trading tips, and other proprietary information.
Additional features of QUOTEX app
QUOTEX mobile app also offers a range of additional features that make it an effective and convenient trading platform. Here's a closer look at these features:
User-Friendly trading interface: QUOTEX's trading interface is designed to be user-friendly, making it easy for both beginner and expert traders to use the app without getting distracted from trading.
Integrated signals: With QUOTEX, traders can access integrated signals that can help them design a thoughtful approach to trading and make better trades. Analysts suggest that following charts and using signals reduces the chances of making trading mistakes.
Trading indicators: QUOTEX offers a wide range of trading indicators that can help traders quickly and accurately understand the trading market, boosting their chances of making profitable trades.
High-Speed trading: QUOTEX runs on innovative technology, ensuring that traders never lose money due to technical glitches. The app offers high-speed trading, providing a smooth and seamless trading experience.
Affordable minimum deposit: Unlike other mobile trading platforms that require a high minimum deposit, QUOTEX only requires a minimum deposit of $10, making it accessible for almost all traders.
Main advantages and disadvantages of QUOTEX mobile app
QUOTEX mobile app has its advantages and disadvantages that traders should consider before using it. Here are the main benefits and drawbacks of using QUOTEX:
👍 Benefits of QUOTEX:
•User-Friendly Interface: QUOTEX's own brand online platform has an easy-to-use interface that makes it beginner-friendly.
•Low Minimum Deposit: With a minimum deposit of $10 and no withdrawal fees, QUOTEX is an affordable trading platform for traders of all levels.
• Global Access: QUOTEX offers global access in different languages, making it accessible to traders worldwide.
•Unlimited Trading Signals: QUOTEX provides unlimited trading signals to help traders make informed trading decisions.
• Deposit Bonus: QUOTEX offers a 30% deposit bonus to traders, giving them more funds to trade with.
• Crypto Payments: QUOTEX accepts crypto payments, allowing traders to make deposits and withdrawals using cryptocurrencies.
• High Payouts: QUOTEX offers high payouts of up to 98%, giving traders the potential to earn significant profits.
👎Drawbacks of QUOTEX:
• No Copy Trading: QUOTEX does not offer copy trading, which may be a disadvantage for some traders who prefer to follow the trades of others.
• No Leverage: QUOTEX does not offer leverage, which can limit the potential for profits.
•Unregulated Brokerage: QUOTEX is an unregulated brokerage, which means that traders may not have the same level of protection as they would with a regulated brokerage.
FAQs
What is the QUOTEX app about?
The QUOTEX app is a trading platform for digital options on a wide variety of underlying assets, including securities, Forex, commodities, and indices.
Is QUOTEX a good app?
Yes, QUOTEX is a good app for trading digital options. It offers a user-friendly interface, low minimum deposit, global access, unlimited trading signals, and high payouts, among other features.
Is QUOTEX legal in the USA?
No, QUOTEX is not legal in the USA.
Which is best Quotex or Binomo?
Both QUOTEX and Binomo offer a range of features that make them suitable for trading digital options. However, the best app for you depends on your specific trading needs and preferences. It is recommended to compare the features of both apps and choose the one that suits you best.
Team that worked on the article
Chinmay Soni
Contributor
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
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.