Quotex review – Is it a good trading platform?

Quotex review – Is it a good trading platform?

Quotex review – Is it a good trading platform?

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Quotex is a binary options broker based in the Seychelles. They have their own proprietary platform and are not licensed by any national entity (such as FCA in the UK, CySEC in Cyprus, or SEC in the USA).

Quotex is a bit of a dark horse, since they´ve only been around since 2020 and are licensed by the Financial Market Relations Regulation Center (FMRRC), an independent licensing organisation.

Still, the minimum deposit is only £10 so you don´t have to risk a fortune to see for yourself and form your own opinion about this new alternative on the binary options market.

Quotex is owned by the company Awesomo Ltd. Their address is Suit 1, Second Floor, Sound & Vision House, Francis Rachel Street, Victoria, Mahe, Seychelles. The IFMRRC license number is TSRF RU 0395 AA V0161.

Short facts about Quotex

  • Quotex offers binary options, technical analysis tools and trading signals.
  • Binary options are available for over 400 different underlyings, including stock market indices, currency pairs and cryptocurrency.
  • Quotex have their own proprietary platform. This broker is not compatible with MT4 or MT5.  
  • Trading takes place directly in your web browser.
  • The minimum deposit is just £10.
  • Quotex is based in the Seychelles.
  • Quotex does not charge deposit and withdrawal fees.
  • You can check out Quotex risk free with a free play-money Demo Account.

Does Quotex offer leverage?

No, Quotex does not offer leverage.

The platform

The Quotex trading platform opens directly in your internet browser window, so there is no need to download and install a trading platform program on your computer. The platform is easy to navigate and understand, and you can quickly start trading.

Can I trade on my mobile phone?

Yes, you can use the internet browser on your mobile phone or table to access the Quotex platform.

No mobile app is available.

Binary options

You have a great deal of flexibility when buying binary options on this trading platform. Select the option and then choose up/down, timeframe and how much to risk.

The quickest binary options here will expire after just 1 minute, so you do no have to wait for long to find out if you made a profit or not. Longer term binary options are also available, with the longest possible timeframe being 1 month.

Binary options are available for well over 400 different underlyings, such as:

Currency pairs (major, minor & exotic)

Cryptocurrencies, such as Bitcoin and Ether

Stock exchange indices, such as NYSE Dow Jones and FTSE 100

Commodities, such as gold, silver or oil

Profits on binary options that expire in the money

The Quotex platform will automatically display a profit figure after you select an expiry time for the binary option you are interested in.

Technical analysis tools

You can view historical trading data on graphs and adjust the time frame from 5 seconds up to 1 day.

Nine indicators are available, alongside 15 drawing tools.

Is copy trading available at Quotex?

Yes, the platform supports copy trading.

Market signals

Market signals are available on the Quotex platform.

Depositing & withdrawing money

Quotex accepts many different transaction methods. You can for instance use major credit/debit cards, e-wallets such as Skrill or Neteller, or utilize one of the more well-established cryptocurrencies.

The smallest permitted deposit is £10.

Quotex does not charge you a deposit or withdrawal fee. (Your selected transaction provider may still charge you for making the transaction.)

Trading hours

You can buy binary options at the Quotex platform around the clock, seven days a week. With that said, specific opening and closing hours are in place for certain underlying assets, based on when they are traded.

Since cryptocurrencies have no special trading hours, binary options based on cryptocurrency are available 24/7 at Quotex.

Customer support

Email address: [email protected]

Email address for financial issues: [email protected]

Live chat: You can get live chat support through the trading platform

Does Quotex offer a free Demo Account?

Yes. You can sign up for a free Quotex Demo Account. It will be filled with £10,000 in play-money. You can use this money to check out the platform and learn how to use it. Make play-money trades, explore the technical analysis tools, and see if you like the trading signals. We recommend that you explore Quotex with a Demo Account before you decide if you want to make a first deposit. We all have different preferences, and it is not fun to realise you dislike a trading platform after you have made a deposit.

Important: With a Demo Account, you don´t get access to the full rage of binary options.

What is the minimum deposit required to get started doing real-money trading at Quotex?

You do no need deep pockets to get started here. A first deposit of £10 is all you need to start buying binary options for real money at this platform.