Our Evaluation
Our Evaluation of QUOTEX
QUOTEX is one of the top brokers in the financial market with the Overall Score of 9.1 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by QUOTEX clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
Quotex is a binary option broker operated by ON SPOT LLC GROUP, registered in St. Kitts and Nevis. While it is not regulated by major financial authorities like the FCA or CySEC, it offers a user-friendly platform designed for fast and simplified trading. Traders can start with a minimum deposit of $10, enjoy zero trading fees, and access various assets, including Forex, commodities, and cryptocurrencies. However, the platform lacks leveraged trading, in-depth educational resources, and advanced analytical tools.
Tested
How we tested QUOTEX
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look
Brief Look at QUOTEX
Quotex is a well-regarded binary options broker for trading currencies, commodities, cryptocurrencies, and indices. Investors can profit up to 90% on successful trades.
The proprietary web-based trading platform is user-friendly and tailored specifically for binary options trading. Additionally, Quotex’s mobile app has gained significant popularity among users, with over 1 million downloads.
One of the advantages of trading with Quotex broker is the low minimum investment per trade, starting at just $1. The broker does not impose any trading commissions or fees for deposits and withdrawals, making it an affordable option for traders. The broker also offers 24/7 multilingual customer support and valuable features like trading signals, technical indicators, and risk-free trades. Furthermore, the Quotex binary trading system allows users to engage in short-term trades with predefined risk and reward, making it a straightforward option for those new to binary options. While Quotex fees remain competitive with no hidden charges, traders should still consider any applicable payment processor fees when depositing or withdrawing funds.
Review
Expert Review
Quotex offers classic conditions for trading binary (Digital) options. On the Quotex trading platform, a trader speculates whether the price of an asset (currency pair, cryptocurrency, index, or commodity) will go up or down, and if his forecast is correct, he earns a profit. The percentage of the payout is fixed for each instrument and is known in advance.
Just like other option brokers, Quotex offers different systems of incentives. For example, its clients have access to the so-called “risk-free trades”, i.e. the trades where a trader gets a profit in any case after they are closed. There is also a special Market with promo codes on Quotex, designed specifically for binary trading.
The company does not use third-party software. Its platform is simple but functional. The interface of the Quotex trading platform is available in six languages and supports four types of charts, fourteen timeframes, and one-click trades. Quotex provides trading signals, but the company bears no responsibility for their accuracy and relevance. The client makes an independent decision on whether to trade based on the signals, and Quotex is not responsible for the final result. For a detailed analysis on the Quotex broker, and for an in-depth and transparent review, traders can refer to expert opinions and user feedback, which highlight both the strengths and areas for improvement in the platform.
Trade with this broker, if:
- You are interested in personalized trading conditions. You can start with $10, but depositing $1,000 grants you increased profitability and unique promo codes. Quotex offers deposit bonuses of up to 30% without additional conditions.
- You are accustomed to working with minimal trading costs. Regardless of the trade type, there are no fees charged. The broker also doesn’t charge withdrawal fees, irrespective of the chosen channel, with the only cost being the spread.
- You require special tools for market analysis without relying on external resources. Quotex provides several dozen indicators and integrated signals, boasting an 87% accuracy rate.
Do not trade with this broker, if:
- You prefer working with a regulated broker. Unfortunately, Quotex lacks licenses and operates solely based on registration in the Seychelles.
Summary
QUOTEX Summary
| 💻 Trading platform: | Proprietary web platform and mobile application |
|---|---|
| 📊 Account types: | Demo, Live |
| 💰 Account currency: | USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND |
| 💵 Deposit / Withdrawal: | Visa/Mastercard cards, Perfect Money, Piastrix, FK Wallet, cryptocurrencies Bitcoin Cash, BTC, LTC, ETH, Coinbase, Dai, Binance Coin, Paxos Standard |
| 🚀 Minimum deposit: | USD 10 |
| 📈️ Min Order: | USD 1 |
| 🔧 Instruments: | Currency pairs, commodities, cryptocurrencies, indices |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| ⭐ Trading features: | Leveraged trading is not available, shares are not available |
| 🎁 Contests and bonuses: | Deposit bonus, risk-free trade, promo codes |
The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money. Traders often ask whether Quotex, in terms of security, is safe, or if it’s not entirely risk-free, and while the broker provides a user-friendly platform with competitive conditions, it is important to note that Quotex, in terms of financial oversight, is regulated under no major financial authority. However, Quotex’s transparent and clearly stated fees, including no deposit or withdrawal charges, makes it a viable option for cost-conscious traders.
Quotex offers binary option trading using its own proprietary platform. The minimum deposit is $10. The trading account is opened in US dollars by default, but the clients can change the account currency at any time without paying the conversion fee. Money can be deposited and withdrawn with debit/credit cards, electronic payment systems and cryptocurrencies. The broker does not provide leverage. Demo account with a virtual deposit of USD 10,000 is available.
