Is Quotex Safe for Trading? A Comprehensive Review

If you are a binary options trader, you must always have this question in your mind: Is Quotex safe for trading? In this article, we will conduct a full review of Quotex. Explore its features, security measures, and trading conditions to make an informed decision.

Quotex established in 2019, is a broker specializing in binary options trading. The platform offers a diverse range of assets, including currencies, metals, oil, cryptocurrencies, and stock indices. Traders can earn profits of up to 90% of the option value. Quotex has developed a proprietary trading platform that is highly customizable, supports 29 technical indicators, and allows investments starting from USD 10. Additionally, the broker provides 24/7 customer support. To ensure the security of its clients, Quotex protects personal and payment information with two-factor authentication.

Quotex, a trademark of Awesomo Ltd, is a Seychelles-based company regulated by the International Financial Markets Regulatory Center (IFMRRC)¹. This regulatory oversight ensures that Quotex operates in accordance with international standards, providing traders with a secure and reliable trading environment.

Regulation and Certification

Quotex’s as a licensed broker in November 2020

In November 2020, Quotex accomplished a critical achievement by turning into an authorized representative. This affirmation adds an additional layer of validity and reliability to the stage, guaranteeing dealers of its adherence to severe administrative norms. The International Financial Markets Regulatory Center (IFMRRC), which sets guidelines and monitors the broker’s operations to ensure fair and transparent trading practices, oversees Quotex, despite the fact that it is not regulated at the state level.

Importance of regulation and how it impacts trader safety

Guideline assumes a significant part in the monetary business, particularly in web based exchanging. It safeguards merchants by guaranteeing that representatives work morally, keep up with satisfactory capital holds, and give a protected exchanging climate. Managed dealers are expected with comply to severe rules in regards to client reserve isolation, monetary announcing, and debate goal, which eventually improves merchant wellbeing and certainty.

Please Note : In spite of the fact that Quotex isn’t directed at the state level, its oversight by the IFMRRC gives a degree of confirmation to merchants with respect to the stage’s dependability and obligation to keeping up with elevated expectations of activity.

Key Features of Quotex Broker

Quotex offers a range of key features designed to enhance the trading experience for users:

1. Low Minimum Deposit: Since brokers can start with just $10, many financial backers can participate.
2. User-Friendly Platform: In any case, for understudies, Quotex’s webtrader stage is easy to use and standard.
3. Multiple Account Currencies: Accounts can be held in USD or EUR, providing flexibility for traders.
4. No Commissions: There are no fees for deposits or withdrawals, allowing traders to keep more of their profits.
5. 24/7 Trading: The platform is available for trading around the clock, enabling users to trade at their convenience.
6. Low Minimum Trade Size: With a minimum trading size of just $1, traders can manage their risk more effectively.
7. Account currency:USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND
8. Positive Feedback: Quotex has received positive feedback from trading newbies, indicating that it is user-friendly and suitable for beginners.

Advantages of trading with QUOTEX:

• Highest average profitability of binary options for currency pairs.
• Clean and user-friendly platform design.
• Low entry barriers with a minimum deposit of $10.
• No commissions on deposits and withdrawals.
• Positive feedback from traders.

Disadvantages of QUOTEX:

• Leveraged trading is not available
• Not regulated at the country level
• There is no quality education and instruments for analysis on the website
• Shares are not included in the available trading instruments.

Quotex App: User-Friendly Mobile Trading Experience

In addition to the desktop platform, Quotex also delivers an android-based trading app, providing traders with the flexibility to trade on the go. The app is quick, responsive, and user-friendly, offering all the functionality of the web version. Traders can easily find markets, analyze trends, and place trades with ease.

The app has garnered positive feedback from users, with an overall rating of 3.6 stars. Users appreciate its intuitive interface, quick execution speeds, and seamless trading experience. However, some users have expressed a desire for additional features and improvements to further enhance the app’s usability.

One notable shortcoming with the mobile offering at present is the lack of an iOS version for iPhone and iPad users. This limitation restricts access for iOS users who prefer to trade on their mobile devices. Despite this, Quotex continues to work on enhancing its mobile app to cater to a wider range of traders and provide a more inclusive trading experience.

Quotex Provides $10,000 Demo Account for Practice to learn Trading

Quotex offers a demo account with $10,000 in tradable funds, providing traders with an opportunity to practice trading strategies and familiarize themselves with the platform’s features without risking real money. The demo account offers full access to trading features, allowing users to place trades, set stop-loss and take-profit levels, and analyze market trends.

However, access to news, trading tips, and other proprietary information is limited in the demo account. This ensures that traders focus on learning the basics of trading and using the platform, rather than relying on external sources for trading decisions. The demo account is an invaluable tool for both new and experienced traders looking to refine their skills and test new strategies in a risk-free environment.

Additional Information About QUOTEX

QUOTEX enables clients to trade classic Call and Put binary options through its user-friendly proprietary platform. The broker offers demo accounts and allows traders to start trading without undergoing verification. Additionally, QUOTEX has expanded its list of available payment systems to include 11 cryptocurrencies, providing more convenience for depositing and withdrawing funds alongside debit/credit cards and EPS.

1. More than 40 trading instruments are accessible.
2. A maximum payout of 90% is offered.
3. The QUOTEX mobile application has been downloaded over 500,000 times.
4. The trading platform is accessible in 6 languages.
5. The company’s website is available in 19 languages.

Quotex invites traders to join its affiliate program

Quotex invites traders to join its affiliate program, offering them an opportunity to earn additional income. As an affiliate, traders can promote Quotex to their network and earn a commission for every new trader they refer to the platform. The affiliate program is a great way for traders to monetize their trading knowledge and expertise.

By joining the affiliate program, traders can leverage Quotex’s reputation as a trusted trading platform to attract new traders. The program provides affiliates with marketing materials, tracking tools, and support to help them succeed. Affiliates can track their earnings in real-time and receive timely payouts.

Moreover, the affiliate program is free to join and does not require any upfront investment. Traders can start earning commissions immediately after signing up. Whether you are a new trader looking to supplement your income or an experienced trader seeking new opportunities, the Quotex affiliate program offers a flexible and lucrative way to earn money. Join the Quotex affiliate program today and start earning!

Understanding Influencer Recommendations

Quotex, a prominent trading platform, has garnered attention for its features and offerings. However, the question of trust often arises when considering a trading platform. In this regard, Quotex has been endorsed by numerous influencers on YouTube and other platforms. These influencers, known for their expertise in trading and finance, have promoted Quotex as a reliable platform for traders.

While influencer promotions can be influential, it’s essential to conduct your research before trusting a platform like Quotex. Look for reviews from users and independent sources, and consider the platform’s reputation and regulatory status. Additionally, familiarize yourself with the platform’s features, customer support, and security measures to make an informed decision.

QUOTEX Customer Reviews

The Bottom Line

Quotex has a number of advantages, including a user-friendly platform, a wide range of assets, and a variety of trading options. However, it also has some disadvantages, like a lack of proper customer support and concerns about country level regulations.

Traders should carefully consider their risk tolerance and conduct thorough research before choosing to trade with Quotex. It’s important to remember that trading always carries risks, and individuals should only invest what they can afford to lose.