Quotex Broker Review
Quotex is a binary options broker founded in 2020 and provides market signals and Copy Trading using its proprietary web platform. Our review covers how to start trading with Quotex and the deposit and withdrawal costs, customer service and initial bonuses. Create a trading account and start trading now. Read about Quotex Broker Review and start your trade.
Quotex Broker Review – What is behind the Quotex platform?
Quotex is a registered broker of Awesomo Ltd, a Seychelles-based corporation regulated by the International Financial Market Relations Regulation Center (IFMRRC). In November 2020, the firm received its license as a licensed broker. The goal of the brokerage is to integrate sophisticated tools with standard digital options products.
Its main office is Suite 1, Second Floor, Sound and Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles.
US, Canada, Hong Kong, and Germany have only cryptocurrency as a payment option, although traders from those countries can open accounts.
Quotex Trading Review
After registering for a trading account, traders can access the web-based platform and start trading. Traders only need to do the following once they’ve signed up and accessed the login portal:
- Asset – Every instrument shows a percentage return on investment (up to 95%) if you win the trade.
- ‘Up’ or ‘Down’ – Depending on which side you believe the value of the asset will go away as soon as it expires
- Expiration time – Options range from 1 minute to 4 hours and are fine-tuned to the second.
Choosing an asset displays its live price chart, traders can view data in multiple graphs over a period of five seconds to one day. The Quotex platform has nine hints that can be tuned to suit your needs. In addition, 15 drawing tools are also available to help inform projections. Finally, traders can hide the indicator name or additional details to keep the display clean without losing mark-up on charts.
Quotex Broker Platform
Copy-trading allows traders to copy the methods of successful traders with a single click. In addition, a leader board with the top 20 earners for that day is also displayed on the platform interface.
The terminal offers more manual forms of copy trading, with unlimited market signals, analyst recommendations about an asset, price directions, and the duration that traders can choose to work.
Traders will also appreciate the high amount of customization available. For example, traders can alter the background image of their charts, post a personal photo, and modify their username. In addition, you may change the switch time and investment type with a few simple clicks. Finally, the broker has included a quick detailed view of deals, which displays crucial information such as opening and closing prices and entry and exit prices at a glance.
Trading platform review for Swiss traders
Quotex uses a web-based online trading platform that can be accessed from any mobile or desktop device. Traders are not required to download anything to use the trading platform. Most traders prefer Web-based platforms mainly because it saves them time and space on their computers or devices.
The Trading platform’s charts are not only easy to read but are also fully customizable. Swiss traders can also change the template of the interface into twilight mode, the light mode, or night mode to suit their preferences.
Trading signals offered by this web-based online trading platform are highly accurate and will surely give you the information you need before you start a trade. The trading platform also features high speeds to ensure that you can complete your trades accurately and swiftly.
When using the free demo account, you will be trading in a simulated environment that follows live market events. When executing trades, you will get your virtual fund of $10,000. You can use the free demo account any time, but keep in mind that none of your profits translate to real cash since you’re using a free demo account.
The web-based trading platform can be viewed in many different languages for ease of use. The languages available are Vietnamese, Polish, Russian, Tagalog, Hindi, Italian, Spanish, German, Ukrainian, Chinese, Thai, Portuguese, Malay, French, Indonesian, Turkish, Arabic, Persian, and English.
Quotex Broker Review – The MT4 and MT5 platforms
MetaTrade4 and MetaTrade5 are not available through the broker.
Quotex Trading has over 410 assets available for Trading digital options:
- Currencies – 27 plus different currency pairs, ranging from majors to exotics.
- Indices – 15 leading exchanges, and including the FTSE 100 and Dow Jones
- Crypto – Litecoin, Ripple, Bitcoin, and Ethereum coins
- Commodities — silver, gold, and oil are just a few examples of popular metals and energy.
Although market selection is still limited compared to more general online brokers, we are pleased to see cryptocurrency being provided as a digital options asset in our analysis.
Quotex determines the percentage of profit associated with each instrument, which varies depending on asset availability, transaction execution time, and economic development.
For example, USD / EUR are now trading at 80 percent profit, so a client who buys $ 1,000 and accurately predicts price movements over a period of time will gain $ 1,800.
Quotex Broker Review – Quotex Platform Details
Quotex Broker is a unique digital options broker that provides a simple web-based trading platform with a signals service and copy trading. The brokerage offers a minimal minimum deposit requirement, no withdrawal fees, and a generous 40% sign-up bonus. The interface’s asset range and ease of use will satisfy many traders interested in digital options. Quotex does not charge any commissions.
At this time, Quotex does not offer big investment. While this may limit some new traders access to the trading market, it can also help them avoid losses.
Traders can get started with as minimum $10 deposit. They can deposit funds via bank cards (Visa and Mastercard), cryptocurrency e-wallets, internet banking. There are no costs associated with withdrawals or deposits. However, it’s important to note that payment methods differ by country. Traders in the United States, for example, can deposit funds using Litecoin, Bitcoin, and Ethereum. At the same time, traders in Switzerland can utilize a variety of local banks, as well as popular internet banking e-wallets such as Perfect Money, in addition to cryptos. Go to the broker’s website for a complete list of individual payment choices in your jurisdiction.
The minimum withdrawal amount is similarly $10. In Bitcoin the minimum withdrawal is $50. Additional verification is not usually required, but it may be requested in the case of big transactions.
Account Opening at Quotex
Quotex has three type live accounts to choose from Standard, Pro, and VIP account. The basic account is designed for novices and offers an elemental profit percentage on all trades. The Pro solution was made for more active traders with higher profit percentages and tempting promotions. To be eligible for the Pro account, traders must make a minimum $1,000 deposit. Finally, the VIP account provides increased profit percentages and even a variety of recurring perks and deals for experienced traders. The VIP solution requires a minimum $5,000 minimum deposit.
Is Quotex Legal in Switzerland? – Real review for Swiss traders
As we all know, looking for a legal broker in our country can be difficult. After all, these companies don’t usually have a list of countries where they are approved to operate in. Therefore, it will be up to the trader to do their research and look at different user reviews to get the necessary information they need.
This review will not only give you the answer to the question “Is Quotex legal in Switzerland?”, but it will also provide a review of the platform, information on the Quotex Broker, and many more data that you will need before you decide that Quotex is the right broker for you.
Quotex Binary Trading Signals
Suppose you want to get Quotex or any binary trading signals. An excellent binary signal provider is the Binary Helps YouTube channel. Currently, the Binary Helps YouTube channel provides binary signals via telegram. You can easily use the signals in your Quotex Trading Account or any binary broker.
Top expert traders provide binary signals, so most of the time, the trade is profitable.
Quotex Broker Review – How Quotex is the Best Broker?
Before you search for the most significant interactive brokerage for active Trading, you must first decide your investing style and needs – how frequently will you trade, at what hours, for how much money, and with which financial instruments?
Then, when deciding between all top-rated online brokers, there are a few things to consider. If you choose the cheapest option, you may sacrifice trading platform features. Whether you’re from Canada, Australia, or Japan, you should compare many online brokers and features, both locally and internationally, to select one that best meets your demands.
Quotex Broker is more than just another trading project. First and foremost, it is a trading platform that everyone can use for those who wish to improve their financial skills and learn how to use financial products.
When it comes to tools, each trader receives over 400 free tools from QUOTEX, allowing them to trade and earn money in their unique method. Select from a variety of assets, including currency quotations, stocks, majors, metals, oil, and gas, as well as for cryptocurrencies, which have been a popular trend in recent years.
There are some key features of Quotex that make it best as compared to other platforms in the market:
- Quotex has a proprietary web-based platform that allows traders to trade digital options and copy other people’s trades.
- This broker offers a minimum $105 in deposit bonuses
- Take simple buy and sell positions on various currencies using digital options.
- quotex allows a wide range of payment methods as compared to others such as; Credit Card, Mastercard, Perfect Money, UPI, Phonepe, Neteller, QIWI, Skrill, Union Pay, Visa, Web money, Bitcoin Payments
- Quotex provides online binary options on a variety of trading markets, as well as a new trader bonus.
- With a low minimum investment of $10, traders can start their trading at Quotex. In addition, traders can deposit in various currencies, depending on the currency base in which the account was opened.
- At Quotex Trading Platform, you can trade a few of the most popular cryptos.
- Quotex offers a free demo account to its customers. Traders get access to a $10,000 demo account. Before investing real money, customers can practice digital trading options and become accustomed to this environment’s interface.
- This Quotex broker delivers a user-friendly execution experience with its brand platform. In addition, it comes with copy trading, a signals service, indicators, and other essential features.
Using their online trading account, investors can request a withdrawal with a minimum value of $10 or $50 for Bitcoin. Withdrawals take 1-5 days to process.
Quotex Broker Review – Fees
The amount that Quotex broker will charge you depends on three things: the assets you are trading in, when you traded and the market or economic events. A complete breakdown of the fees involved can be found on the broker’s website or web trading platform.
Quotex does not charge any commission fees from its traders. There is no withdrawal and deposit fee. However, leverage is not allowed on the broker’s platform.
Quotex Broker Review – Offers for Swiss traders
One of the main reasons why Quotex has so many traders is its deposit bonus. The amount of bonus comes to the level. This means that the more you deposit, the more bonus cash you will get. For example, you can earn up to 35% bonus. In addition, if your first deposit reaches $ 100, you will receive an additional 80% to help you start your trading career.
To date, Quotex has only one mobile application that can be downloaded from the App Store for Android devices. This does not mean that you cannot start trade on your iOS mobile device. You can still access the web-based platform from the browser of your smartphone or tablet. Just make sure you have a stable connection before setting up or performing your trades.
Opening a Quotex account in Switzerland
Opening a Quotex account is a reasonably straightforward process. First, you need to input your email address and password. Next, you will be asked to select the currency you want to use. You can choose between VND, UAH, IDR, THB, RUB, KZT, INR, MYR, BRL, BTC, GBP, EUR, and USD.
You can also create a trading account by linking your Google account or Facebook account. This process is much easier and faster to do.
How to deposit money in Switzerland
Swiss traders can add funds using bank transfers, e-wallets like Perfect Money, or cryptocurrency. To deposit funds into your trading account, click on the +Deposit button found in the upper right corner of the web trading platform.
Clicking on it will take you to a window where you can select the payment method you want to use. Next, click on your preferred method and input the amount you want to deposit. Next, fill out the deposit form and send it Keep in mind that if you want to save a lot of money, Quotex may require you to provide additional credentials.
The amount will be reflected in your account within one to five working days. As mentioned above, Quotex does not charge a deposit fee.
- Cryptocurrencies, electronic wallets, Credit Cards, bank transfers are available
- Minimum deposit is only $10
- Minimum withdrawal is $10
- No fees for you
How to withdraw money?
You can contact the customer support system through several methods, including telephone, email address, and 24/5 live chat.
- Office – Level 22, 120 Albert Street, Auckland 1010, New Zealand
- Email – firstname.lastname@example.org
- Telephone – (+64) 9 558 5142
How to withdraw money?
When you deposit funds, the payment method you chose will also act as your withdrawal method. Like depositing cash, click on the Withdrawal button found next to the +Deposit button. Input how much you wish to withdraw and click enter.
Additional information may also be required if you are withdrawing large amounts of cash. Keep in mind that withdrawal procedures can take up to three business days.
Quotex customer service
Although Quotex Trading Platform does not have a live chat system or telephone line that you can call, you can contact their customer support representatives by opening a support ticket. You can do this in the Help tab on Web-Based Platforms.
Quotex has separate emails that you can contact depending on your concerns. For all-out help, send an email to email@example.com. For financial questions, send an email to firstname.lastname@example.org.
Advantages and disadvantages
One thing that attracts potential customers is the bonus system. This is why one of the major benefits of using Quotex is the extra funds you receive when depositing funds into your account. The deposit bonus helps you increase your capital, which in turn increases your chances of higher returns.
Quotex’s web-based platform can be considered an advantage for most brokers. The absence of software taking up space on your device dramatically helps with space management. Also, the trading platform can be accessed on any device using any device.
The web-based trading platform is also easy to use. Quotex’s trading platform has a simple and easy-to-understand interface compared to other broker’s platforms. As a result, it’s great for beginners or traders who don’t know much about charts or trading platforms. The process of opening a trade is also straightforward.
Quotex supports multiple payment methods for Switzerland-based traders. You can deposit funds through wire transfer, e-wallet and each cryptocurrency. This gives traders a wide range of options to top up their accounts.
When it comes to fees, it is much lower than what other brokers charge their traders. Quotex has no withdrawal or deposit fees and the company does not charge a commission fee from its traders.
But the best feature is the Quotex Free Demo Account. This is a feature that many traders look for in a broker. Some would even say that the lack of a demo account is a dealbreaker. However, anyone can use or register a demo account on Quotex’s trading platform. In addition, the virtual funds that come with the account are enough for you to practice what you want before opening a live trade.
However, despite all the advantages, Quotex is not so perfect. One of the disadvantages is that you can’t use leverage when trading. It’s makes it a bit more difficult to make a huge profit out of your trades, but this does not make it impossible.
Also, some traders may be skeptical about this broker’s credibility. But, this does not necessarily mean it’s a scam platform. The company still holds a license issued by the IFMRRC.
Lastly, when you look at the trading website of other brokers, you can see a lot of offerings, including free online courses, eBooks, and webinars. Unfortunately, Quotex does not offer any educational material to its traders. Instead, it only provides a free demo account.
Conclusion: Quotex is legal in Switzerland
Quotex is entirely legal in Switzerland. There are no restrictions for Swiss traders to use Quotex. This Trading broker is a legal business that accepts international traders. We recommend using Quotex because it allows you to invest in the financial markets by using good conditions.