QUOTEX bonuses explained
According to Traders Union’s experts, QUOTEX offers a 30% deposit bonus for first-time clients who deposit $100 or more, which is usable for trading purposes but not withdrawable. You can navigate to the deposit bonus section on QUOTEX’s website to claim this bonus.
The financial market offers various opportunities to traders, including the chance to earn bonuses from their trading activities. On similar lines, QUOTEX, a well-known online trading platform, offers its clients a range of bonuses that can be used to enhance their trading experience. However, to fully utilize these bonuses, traders need to be familiar with the rules and regulations governing their use. In this context, the experts at Traders Union provide valuable insights into the QUOTEX bonus system, highlighting the dos and don'ts for traders. This article delves deeper into the QUOTEX bonus system, explaining the different types of bonuses offered, how to acquire them, and the terms and conditions for their use. With a better understanding of QUOTEX bonuses, traders can leverage them to achieve their financial goals.
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What is the minimum deposit to open a QUOTEX account?
The minimum deposit to open a standard account is $10.
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What is the minimum trade size using a bonus?
There is no fixed minimum trade size. However, trades must contribute to completing the turnover to fulfill bonus withdrawal conditions.
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Is the trading platform available on mobile?
Yes, QUOTEX has well-designed mobile apps for Android and iOS to trade on the go. Desktop platform is also available.
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What assets can I trade using the bonus?
The QUOTEX bonus can be used for trading forex, stocks, indices, commodities and cryptocurrencies available on the platform.
Does QUOTEX have bonuses?
QUOTEX, being a popular online trading platform, offers a range of bonuses to its clients. These bonuses are aimed at enhancing the traders' experience and helping them achieve their financial goals. Here are some of the current QUOTEX bonus programs that traders can take advantage of:
Deposit Bonus: For new clients making their first deposit of $100 or more, QUOTEX offers a 30% deposit bonus that can be used for trading purposes. However, the bonus cannot be withdrawn.
Risk-Free Trade: Clients who write a review about QUOTEX on any online source are awarded a promo code that can be used to cancel any $3 loss trade. This ensures that traders can minimize their losses while trading with QUOTEX.
Promo Codes: QUOTEX offers different bonuses and trading benefits through promo codes. These benefits include cashback and deposit bonus. However, promo codes are only available to active traders.
Bonus on deposit
As discussed earlier, QUOTEX provides a Deposit Bonus for its clients, which can help improve your financial standing in the trading market. Experts suggest considering the following crucial points when applying for this bonus:
Live account registration: The bonus is only available to users with a live account. So, you will have to sign up for the live account using all necessary information.
Minimum deposit: To activate the bonus, you must deposit at least $100 in your account. The exact amount will be based on the equivalent of $100 in your local currency.
Using bonus funds: The bonus is only for trading purposes and cannot be withdrawn. However, you can withdraw any profits made using the bonus funds along with your own money.
Terms and conditions: Make sure to read and comprehend the Deposit Bonus terms and conditions before applying. You might need to trade a specific amount before using the bonus codes.
Additional bonuses: QUOTEX also offers other bonuses, such as cashback rewards, cancel X points, risk reduction incentives, and balance bonuses. Promo codes can help you save more and trade larger on this trustworthy trading platform.
It is essential for traders to understand that the Deposit Bonus doesn't just benefit them, but QUOTEX as well. It gains advantages such as:
Increased traders: The bonus attracts new traders to the platform, raising the number of traders.
Liquidity pool contributions: The growth in traders also adds to the liquidity pool, benefiting the platform.
Brand promotion: The Deposit Bonus serves as a promotional tool for the QUOTEX brand among Forex, stock, and crypto traders.
How can I get QUOTEX deposit bonus?
Experts have prepared the following step-by-step guide on how to get a QUOTEX deposit bonus:
Log in to your QUOTEX account on the website and click on the settings tab at the top left of the page.
Sign-up or log in your account
Click on the “Deposit” tab.
Select Deposit tab
Choose the deposit amount and payment method.
Choose payment method
Pick the desired bonus. A variety of bonuses are available, starting at 20% of your deposit and increasing up to 35% for VIP accounts. For standard accounts, the highest deposit bonus without a promotional code is 30%.
Select preferred bonus
Pay the minimum deposit fee of $10 to verify your account. Once this is done, you’ll have claimed the deposit bonus.
QUOTEX account types
QUOTEX provides various account options for traders based on their skill level and financial capacity. Here are the different accounts available:
Standard account: Ideal for novices, this account requires a minimum deposit of $10 and offers access to numerous trading assets.
Pro account: Geared towards experienced traders, this account comes with premium advantages over and above all the features of a Basic account, requiring a $1000 deposit.
VIP account: Tailored for seasoned traders, this account demands a $5000 deposit to enjoy its exclusive benefits.
Regarding deposit methods, QUOTEX accommodates multiple payment options such as bank cards, online banking, e-wallets, etc. The platform itself does not impose any deposit fees, but the third party facilitating the deposit may request a nominal fee.
Can I withdraw funds?
Yes, withdrawing funds from your QUOTEX account is possible, but there are specific requirements to be met. Here's what to keep in mind:
Bonus turnover condition: If QUOTEX has granted you a bonus, you must reach a specified turnover amount before withdrawing the bonus. This turnover equals the bonus amount multiplied by 100. For instance, with a $500 bonus, a trading volume of $50,000 must be achieved to withdraw the bonus.
Unrestricted account balance: When activating the bonus, your account balance remains unblocked. You can withdraw your deposited funds anytime without limitations. Nonetheless, for bonuses, it's necessary to fulfill the relevant requirements and withdrawal conditions.
Bonus deactivation: The bonus offered by QUOTEX can be deactivated for trading whenever you choose.
QUOTEX promo codes
QUOTEX offers various bonuses and incentives to its clients, including deposit bonuses and risk-free trades. While there are no specific promo codes provided directly by QUOTEX, there may be third-party affiliates who offer promo codes for their services on the platform. These promo codes can provide additional benefits to traders, such as cashback rewards or increased deposit bonuses. If you are interested in using a promo code, it's important to make sure that it is from a reputable source and that you understand the terms and conditions associated with it.
How can I get promo codes?
If you are looking to get promo codes on QUOTEX, here is a step-by-step guide on how to do it:
Go to www.google.com and search “QUOTEX promo codes 2024”
Use search platforms
Surf through the results and look for a legitimate promo code website. Then, browse the available promo codes to find the one that best suits your trading needs.
Check the search results
Once you have found a promo code you want to use, enter the code when making a deposit on the QUOTEX platform. Here’s how you can do it:
Enter the promo code in the dialogue box as shown below and complete the deposit.
How to get promo codes on QUOTEX
It's important to note that not all promo codes may be legitimate, so make sure to only use promo codes from reputable sources. Additionally, be sure to read and understand the terms and conditions associated with the promo code to ensure that you can take full advantage of the benefits it provides.
Are QUOTEX bonuses available in my country?
While QUOTEX is available in many countries worldwide and legal to use, it's important to note that bonuses may not be available in all legal entities. This is because bonuses are only offered in countries where it is not prohibited by law.
If you are located in Canada, USA, Indonesia, Russia, or the European Union (EEA), you may not be eligible to receive bonuses from QUOTEX. This is due to local regulations that may prohibit the offering of bonuses in these regions.
Expert Opinion
I always recommend traders to make full use of bonuses offered by brokers. However, it is important to understand all the terms and conditions that come with bonus promotions.
While the initial deposit bonus from QUOTEX looks attractive, traders should not let that overwhelm their decision-making. Do your own research on the broker's reputation, platform features, and other factors before signing up. The bonus is just an additional incentive, not the sole criteria.
It is also vital to have a sound trading plan in place before using any bonus funds. Many traders fall into the trap of overtrading, trying to meet bonus turnover requirements in haste. This usually ends up incurring unnecessary losses. Take your time to find low-risk, high-probability trading opportunities.
Since the withdrawal of any bonus amount is subject to clearing bonus turnover conditions, assess your trading skills realistically. If you are a new trader just getting started, it may be difficult to achieve the required turnover profitably. In that case, weigh the bonus against the additional trading pressure you may feel.
Overall, responsibly used bonus programs can boost your trading capital. But do not lose sight of prudent money management while aiming to maximize bonuses. Stay disciplined, stick to proven strategies, and always put risk management as the top priority. Bonuses are there to support, not drive, your trading activities.
Team that worked on the article
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.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
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).