QUOTEX types compared
QUOTEX offers Demo, Standard, Pro, and VIP accounts, each with different minimum deposits, profitability percentages, tradable instruments, and account currencies. In general, Demo account is suitable for everyone, Standard account for beginners, Pro account for experienced traders, and VIP account for full-time seasoned traders.
For those seeking to open a QUOTEX trading account, it is essential to understand the differences between the available account types. At the face of it, the QUOTEX platform offers two main account types - Demo and Real, with further bifurcation under the Real category. However, choosing the right account type can be a challenging task, especially for new traders. So, through this article, the experts at TU aim to provide readers with an in-depth comparison of QUOTEX account types to help them make informed decisions. This guide will cover various aspects such as trading conditions, minimum deposits, fees, and more. By the end of it, readers are expected to gain valuable insights into the differences between Demo and Real accounts and choose the option that best suits their needs and preferences.
Best Binary Options BrokersQUOTEX demo account
To begin with, QUOTEX provides a demo account that allows users to practice trading in a risk-free environment. It comes with a virtual fund of $10,000 that users can use to simulate real trading situations. The demo account provides full access to all trading features, but access to proprietary information, such as news and trading tips, is limited.
To use the demo account, users must download the QUOTEX virtual trading platform that they prefer during the registration process. The platform can be downloaded on desktops (Windows, Mac OS, and Linux) or mobile devices (Android or iOS). After installing the trading application, users can connect to their demo account using their login details.
The demo account offers users access to all the instruments and tools available on the QUOTEX trading platforms. This includes the ability to practice various trading strategies and learn about the market and the broker's services.
There are no fees associated with it as well. As a result, novice investors, experienced traders, and potential traders can sign up for and use the QUOTEX demo account at no cost.
Free Binary Options Demo AccountsQUOTEX real account
QUOTEX offers three main types of real accounts - Standard, Pro, and VIP. Each account type has different minimum deposit requirements, profitability percentages, and benefits.
The Standard account is suitable for beginners with no market knowledge. It requires the lowest minimum deposit amount of $10 and offers a limited profitability percentage on all trades. This account offers up to 85% payout on all available assets.
The Pro account is ideal for more active traders who are looking for higher profitability. It requires a minimum deposit of $1,000, and the profitability percentage increases with an increase in deposit amount. This account offers an additional 2% payout on all available assets.
The VIP account is recommended for professionals who are serious about binary options trading. It offers the highest profitability percentage compared to the other account types and access to better deals, promos, and offers. However, it requires a minimum deposit of $5,000. This account offers an additional 4% on all available assets.
Each account type also offers different tradable instruments and account currencies. It is important to review the conditions of each account type carefully and choose the one that best suits your needs and preferences.
Binary Options For Beginners - A Binary Trading GuideQUOTEX account types comparison
| Parameter | Demo Account | Real Account |
|---|---|---|
Minimum deposit |
No minimum deposit required |
$10 |
Platforms |
Web platform |
Web platform |
Markets |
Forex, Commodities, Cryptocurrencies, Stocks |
Forex, Commodities, Cryptocurrencies, Stocks |
Trade size |
$1 |
$1 |
Commissions |
Nil |
Only spread fees |
Max leverage |
No |
No |
Special features |
Rechargeable virtual money Trading indicators Customizable charts |
Built-in signals Trading indicators 400+ assets to trade on |
How to open a QUOTEX account
QUOTEX Profile Details - Key Facts To LearnOpening a QUOTEX account is a simple process that can be done in a few easy steps. Here's a detailed guide on how to open a QUOTEX account:
Step 1: Visit the official QUOTEX website and click on the “Sign Up” button on the upper right corner of the page. This will take you to the sign-up page.
How to open a QUOTEX account
Step 2: On the sign-up page, enter your email address and create a unique password.
Step 3: Choose the currency you wish to use for depositing and withdrawing your funds. QUOTEX offers multiple currency options to cater to users from different regions.
How to open a QUOTEX account
Step 4: Read the service agreement carefully. After reading all the clauses, click on the checkbox to confirm that you have read and agreed to the terms and conditions.
Step 5: Click the “Registration” button to complete the registration process.
Alternatively, you can also register on QUOTEX using your Facebook, Google, or VK account. Simply click on the corresponding button on the sign-up page and follow the prompts.
Once your account is created, you can access the QUOTEX trading platform and explore the different account types and trading options available. It is recommended to complete the account verification process to ensure the security of your funds and access all the features offered by the broker.
Best Binary Options Trading PlatformsFAQs
What type of trading is QUOTEX?
QUOTEX is an online trading platform that offers a range of trading assets, including Forex, cryptocurrencies, commodities, and indices. The platform provides traders with the ability to trade using binary options. Binary options are a simple yet effective trading tool, with traders predicting whether the price of an asset will rise or fall within a set timeframe. The platform also offers a range of trading tools and features to assist traders in making informed trading decisions.
Is QUOTEX legal in the USA?
No, QUOTEX is not legal in the USA. The platform is not registered with any US regulatory body, and therefore does not accept traders from the USA due to regulatory restrictions.
Can I withdraw from QUOTEX?
Yes, you can withdraw funds from your QUOTEX account. The minimum withdrawal amount on the platform is $10, and users can withdraw funds using a range of payment methods, including credit cards, cryptocurrencies, e-wallets, and bank transfers. However, before withdrawing funds, users are required to complete the platform's KYC (Know Your Customer) verification process. This process involves submitting identification documents, such as a passport or driving license, to verify your identity.
Is QUOTEX a trusted broker?
QUOTEX is a legitimate online trading platform that offers a range of trading assets and features. The platform is owned by Awesomo Ltd, a company based in Seychelles, and is regulated by the International Financial Market Relations Regulation Center (IFMRRC).
However, trading with any online trading platform involves risk, and there is no guarantee of profits. It is important to research and evaluate the platform before trading, and to use caution when trading with any online broker.
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.