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Quotex Review 2022

June 20, 2022
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Quotex is a quite young platform that has been rapidly growing in popularity. The broker offers more than four hundred diverse trading tools and already has millions of active users from all around the world. In this Quotex review, we will provide you with such details regarding the platform as its key functions, the process of registration and the range of bonuses that are offered there.

What Is Quotex Broker

This is a contemporary broker that was founded in 2019. It allows users to trade numerous assets such as indices, commodities, binary options, cryptocurrencies and raw or precious materials such as oil, gold, silver, etc. The users may acquire a profit of about 90% from the performed trades on the platform. The platform provides a free $10 000 demo account which traders may use for practicing and three diverse types of accounts. Quotex broker has a quite user-friendly website and its interface is available in 19 different languages so that it would be comfortable for trades from diverse countries to use it. Fast payouts and a large number of available currencies are attracting more and more traders every month.

How To Register An Account 

In order to acquire full access to all the functions available on the trading platform, the users will have to create a personal account initially. Here are the detailed instructions on how to complete a registration procedure.

  • Open the main website of the Quotex broker. 
  • Click on the green button “Sign up” in the upper right corner of the website.
  • Enter the valid email address. 
  • Create a strong password.
  • Pick the preferred currency from the twelve proposed options (EUR, GBP, USD, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND). 
  • Read the “Service Agreement” and check the box if you accept it and if you are 18 years old or older. 
  • Submit the form.
  • Log into their personal account and fill in the private data such as forename, surname, date of birth and home address. 
  • Complete an identity verification procedure. Provide the documents that will confirm the data that they have entered. It could be a scan or a colored photo of a passport or ID card. 
  • After the administrators of the website check this information, you will receive a notification that their identity has been verified. If the data entered in the registration fields does not match the data of the submitted documents, their individual profile may be blocked.

Quotex broker also gives traders an opportunity to sign up via Google, Facebook or Vkontakte if they have an account there. They will simply have to provide the required data to log in and give permission to use the personal data from those platforms.

Bonuses Paid By The Quotex Broker

What is also worth mentioning in the Quotex binary options review is the variety of bonuses offered by the broker that traders may benefit from. Below there are the main types of bonuses that are proposed to users.

Deposit Bonus 

The trading platform gives this kind of reward to traders after they make replenishment. The size of the bonus that they may obtain is 30$ from the amount of money they added to their wallets. What is important to remember is that there are certain conditions that traders will help to fulfill before they will be able to cash out their money.

Risk Free Trade

Another type of bonus that is proposed by Quotex broker is a risk-free trade. It is a special offer that allows users to make trades at a specific number of funds without risking because and in case of unsuccessful operation they will not lose their own money.

Promo Codes

The broker also regularly grants its users promo codes which are combinations of numbers and letters which open access to some special rewards of different types.

Bonus From Traders Union

The traders may obtain a special bonus from Traders Union which is a refund of a part of a commission from every transaction performed at the broker’s website. This reward does not have any expiration date after it is activated. What is also great about this bonus is that the amount of money that users will receive back they will be able to spend either on making more trades or payout immediately without the need to meet any requirements. In order to get this bonus, traders will have to create an account on the website of the Traders Union and link their profile at the Quotex broker’s platform to it.

Quotex Withdrawal And Deposit Options 

As far as replenishments are considered, the minimum sum for the deposit on the trading platform is 10$. There are several options for replenishments proposed by the broker such as WebMoney, QIWI, Skrill, Visa, Mastercard, Ripple, Ethereum, Dai, Bitcoin, Litecoin, Coinbase, Zcash, Perfect Money and many other ones.

In order to replenish the wallet, the traders should 

  • Click on the green button “+Deposit.”
  • Choose the preferable payment method.
  • Enter the sum of money that you want to add to your account. 
  • Follow the instructions and confirm the operation.

When it comes to payouts, there are the same payment systems proposed for deposits. The minimum size of the withdrawal is 10$ and 50$ for cryptocurrencies. The users will have to select the option for cashout, fill in the amount of money they want to obtain and confirm the operation by entering a pin code that will be sent to their email address. The transactions are usually processed from one to five working days.

Reviewing Quotex withdrawals, there is no commission charged. However, some banking systems may impose 1-5% fees on transactions. What is really crucial here is to make sure that your identity is verified successfully because if not, then you will have problems with paying out your earnings.

Is Quotex Legit?

When it comes to Quotex broker, it is a reliable trading platform and below there will be reasons why.

Security And Regulations 

The broker belongs to an official company called Maxbit LLC and is registered in St. Vincent and Grenadines. Moreover, the trading platform owns a valid license which means that Quotex is a legit broker. Also, its activity is being supervised by the regulatory body IFMRRC. Furthermore, the broker guarantees privacy and data protection of all users as it has the necessary SSL certificates.

How To Use Quotex Broker Platform 

Once you have an account, you can move on to using the services of the broker. Below you will find instructions on how to make a trade on the platform.

Choose An Asset

First of all, you should look through the proposed assets by a regulated Quotex broker and pick the one that interests you. You may pick either one or several assets. There will be information about the percentage of money that you will be able to earn from trading an asset so that you may understand whether it is profitable or not.

Select An Expiration Time

Then you should choose the expiration time which is the time when your trade will be closed. It can be several minutes, hours or even weeks and months.

Invest Assets

Decide how much money you would like to invest. The minimum amount for the operation should be at least 1$ whereas the maximum is 1000$. If you are a beginner in the trading sphere, it is recommended to start with small trades in order to study the market first.

Pick ‘Up’ Or ‘Down’

At this point you should predict whether the price of your asset will rise or fall. You can monitor your progress in the personal account at any time and use different indicators proposed on the Quotex broker’s website for convenience.

Fees To Pay 

The company does not charge any additional fees for replenishments and payouts. However, some payment systems may charge minimal commissions for performing transactions. The size of the fee depends on the method you choose.

Customer Support 

The client service team deserves special attention in our Quotex review. It does its utmost to help traders to solve any upcoming issues in the shortest possible time. They may contact it by filling out a special form on the main website. By the way, customer support provides assistance in different languages. Furthermore, the broker is also accessible on social networking platforms such as Instagram, Facebook and Twitter.

Quotex Broker: Pros And Cons 

Below are the lists of benefits and drawbacks of Quotex broker which will help you to decide whether you would like to trade at this platform.

Pros

  • high payouts
  • different types of accounts 
  • no fees 
  • various types of bonuses and promotions
  • a wide selection of trading tools
  • user-friendly interface
  • a demo account
  • multilingual interface
  • low limits for replenishments and payouts
  • efficient customer help

Cons

  • no live chat 
  • restricted in such countries as Spain, Hong Kong, the USA, Canada and Hong Kong. 

Conclusion 

To conclude our Quotex review, Quotex is a modern trading platform that offers numerous assets for trading and an extensive range of indicators and other useful tools. The broker has a convenient website and allows traders to customize the webpage with their trades in order to make monitoring and analyzing more convenient. Furthermore, the trading platform also grants its users different types of special offers and payment systems. In our Quotex review, we provided all the necessary particulars of the broker that you should be familiar with. Thus, if you want to immerse yourself in the trading sphere, then this platform will be a legitimate and safe place for that.

Frequently Asked Questions

What Is Quotex Broker?

This is a relatively young trading platform that offers pleasant conditions for making a profit out of buying and selling various assets. 

Is Quotex Legit?

Yes, the Quotex broker has an official license and is regulated by the authorities which makes it a reliable platform. 

Which Bonuses Are Available In Quotex Broker?

There are such types of rewards granted by the broker as a bonus for replenishment, promo codes, cashback, risk-free trades, etc. 

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