Quotex Broker Review
Quotex is a cutting-edge Online Binary Options broker in Qatar and it offers an innovative platform for simulated trading and real trading. Are you ready to dive into the world of binary options trading with Quotex? Our comprehensive review covers everything you need to know, from the hassle-free deposit and withdrawal process to exceptional customer support and a generous welcome bonus. Quotex online trading platform is managed by Maxbit LLC. Address: First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St. Vincent and Grenadines. This licensed broker has been continuously delivering exceptional services since November 2020. As the industry evolves, brokerage firms like Quotex are committed to integrating powerful tools that enhance your trading experience with digital options. While payment options are primarily limited to cryptocurrencies for United States, Canada, Hong Kong, or German residents, can still open accounts in these regions.
Quotex Trading Platform Overview
Quotex is a trademark of Awesomo Limited, a Seychelles-based company regulated by the International Financial Markets Regulatory Center (IFMRRC). The company was certified as a licensed broker in November 2020. Brokerage firms are working to integrate powerful tools with common digital options products. Payment options are limited to cryptocurrencies for residents of the United States, Canada, Hong Kong or Germany, but sellers may open accounts in these regions.
- Year Founded: 2019
- Minimum Deposit: $10
- Minimum Trade: $1
- Payouts: 95% Max
- Free Demo Account: Yes
How to Get Started with Quotex Qatar
After registering for an account, customers can access the web platform and start trading. When going through the login portal, the user must:
Select an asset. Each tool displays a return on investment up to 98% if you win the trade.
Select start time – The time you can set in 1 second is 1 minute to 4 hours.
Enter the amount of your investment – Choose the amount of capital you want to invest in your market position. Choose “up” or “down” depending on the value of the asset going towards the end.
When you select an asset, the price list is displayed in real-time and traders can view the data on multiple charts in a 5 second to 1 day schedule. The Quotex platform has 9 indicators that you can customize to your liking. There are also 15 drawing tools to help with predictions
Customers can use copywriting techniques and copy successful sellers with one click. The platform’s interface also shows a list of the top 20 players of the day. The terminal offers more passive copy trading formats with market signals, analyst recommendations for assets, price guides and quantities that consumers can choose from.
Note: The broker does not offer MT4 or MT5 platforms.
Quotex Account Types
- Demo Account:
The Demo Account is perfect for those who are new to trading or want to test their strategies without risking real money. It provides a risk-free environment where you can learn and practice trading using virtual funds. The Demo Account is completely free, allowing you to gain valuable experience and confidence before diving into live trading.
- Standard Account:
The Standard Account is designed for traders who want a straightforward trading experience. With a minimum deposit of $10, you can access a wide range of tradable assets and utilize essential trading tools and features. The Standard Account comes with competitive spreads and flexible leverage options. It is an excellent choice for both novice and intermediate traders.
- Pro Account:
The Pro Account is tailored for traders who seek enhanced trading capabilities and features. With a minimum deposit of $1,000, you can enjoy tighter spreads, faster execution speeds, and access to advanced trading tools. The Pro Account is ideal for traders who require more advanced charting options, custom indicators, and an overall seamless trading experience.
- VIP Account:
The VIP Account is the epitome of exclusivity and luxury in trading. It is designed for high-net-worth individuals and professional traders who demand the utmost priority, premium features, and unparalleled support. With a minimum deposit of $5,000, you will have access to personalized assistance, dedicated account managers, priority withdrawals, exclusive market insights, and much more. This account type ensures that your trading experience is truly exceptional and tailored to your specific needs.
In terms of fees, each account type may have varying commission structures, spreads, and overnight swap rates. We strive to provide transparent and competitive pricing across all account types, ensuring that you can trade with confidence and without any hidden charges.
Quotex Islamic Account
The Quotex Islamic Account is a specialized financial offering designed to cater to the needs of Muslim investors who adhere to the principles of Islamic finance. This account ensures compliance with Sharia law by offering interest-free trading, avoiding investments in companies involved in prohibited activities such as alcohol, gambling, or pork, and following the concept of profit and loss sharing. Through the Quotex Islamic Account, Muslim investors can participate in the financial markets while adhering to their religious beliefs, providing them with a convenient and ethical investment option. This account also provides access to a wide range of financial instruments, including forex, commodities, indices, and cryptocurrencies, enabling investors to diversify their portfolios according to their preferences.
Different Financial Instruments Available with Quotex
The Quotex.io team knows firsthand how good you are and then how smart you are. This is why the trading platform is user-friendly and suitable for professionals. The broker conveniently organizes the most important and efficient trading material, the practical function. As a result, they give their traders the best role in financial management. You can also customize it in your trading method.
- Quotex offers over 410 trading options for digital options.
- Currency-27 currency pairs, from big to exotic.
- Crypto-Coins from Litecoin, Bitcoin, Ripple, and Ethereum
- Indices-15 major stock exchanges including FTSE 100 and Dow Jones.
- Commodities-Gold, silver, oil, and other popular sources of energy and metals.
In our review, we were very pleased to see cryptocurrency being offered as an asset in digital options, although the market is still narrow compared to traditional online brokers.
Deposit and Withdrawal Options
The method of raising and withdrawing funds is undoubtedly one of the most important issues for every broker. The company does not charge any fees and offers a variety of trading methods. In general, it depends on the country of origin, but it can generally be divided into three groups: bank cards and electronic payment systems, and cryptocurrency. The withdrawal of the account is done in the same way as the deposit based on the previously chosen trading method.
It takes 1 to 5 days to withdraw money from Quotex and ID may be required. The minimum deposit and withdrawal amount of Quotex Broker on the platform is $5. According to verified traders, you can withdraw cash without any problem.
Deposits and withdrawals of funds can be made through one of the several ways shown below:
- Visa / Master Card / Maestro Debit Card;
- Electronic payment like Advcash and Perfect Money;
- Crypto coins including Bitcoin, Litecoin, Ethereum, Ripple, Zcash, and USD Tether.
Quotex Qatar Trading Platforms
The Quotex web platform is equipped with a wide range of features designed to enhance user experience, streamline trading operations, and provide access to a comprehensive suite of trading tools. These features include:
- User-friendly interface: The platform offers an intuitive and user-friendly interface, making it easy for both beginner and experienced traders to navigate and execute trades efficiently.
- Multiple asset classes: Quotex supports trading in a diverse range of asset classes, including currencies, cryptocurrencies, commodities, indices, and stocks. This allows traders to diversify their portfolios and take advantage of various market opportunities.
- Real-time market data: Users have access to real-time market data, including live price quotes, charts, and indicators. This enables traders to stay updated with the latest market trends and make informed trading decisions.
- Charting and technical analysis tools: The platform provides advanced charting tools and a wide range of technical analysis indicators. Traders can perform in-depth technical analysis to identify market trends, patterns, and potential entry and exit points for their trades.
- Customizable trading strategies: Quotex allows users to create and implement their own trading strategies using customizable parameters. Traders can automate their trades based on specific conditions, such as price levels, indicators, or market events.
- Risk management tools: The platform offers various risk management tools, including stop-loss and take-profit orders. These tools help traders limit their potential losses and secure profits by automatically closing trades at predetermined price levels.
- Social trading: Quotex incorporates social trading features, enabling users to follow and copy the trades of successful traders. This allows beginners to learn from experienced traders and potentially replicate their success.
Quotex Mobile App is a revolutionary tool that brings convenience and efficiency to the world of trading and investing. With its user-friendly interface and advanced features, this app allows users to stay updated with real-time market data, analyze and track their investments, and execute trades seamlessly. The app provides a wide range of trading instruments, including stocks, currencies, commodities, and cryptocurrencies, empowering users to diversify their portfolios and make informed investment decisions. Quotex Mobile App also offers a variety of charting tools and indicators, enabling users to perform technical analysis and identify profitable trading opportunities. Whether you are a beginner or an experienced trader, this app ensures a smooth and intuitive trading experience, making it an essential tool for anyone looking to navigate the financial markets efficiently. The app is available to download at the Google Playstore for Android and Apple Store for iOS.
Regulations and Safety
This broker is licensed by the Quotex Center for International Financial Market Relations Regulation (IFMRRC). The agency’s regulations include compensation fund members who refund clients for breach of their license or failure to pay.
According to the website, Awesomo Limited, the company that owns and operates the website, is registered in Seychelles and regulated by the Center for International Financial Market Relations Regulation (IFMRRC).
However, this does not seem to be the case because the company is not registered with the Seychelles Monetary Authority (FSA), which regulates the activities of currency brokers. Second, the IFMRRC is a self-issuing body rather than a legal financial oversight body, so the broker has no power to regulate operations. We do not recommend dealing with Seychelles brokers because the FSA regulations do not provide adequate protection for client funds.
Quotex provides a comprehensive range of educational materials and tools to help traders improve their knowledge and skills in the financial markets. They designed these resources to cater to both novice and experienced traders, offering them valuable insights and strategies to make informed trading decisions. These education resources include video tutorials, e-books, webinars, and articles covering various topics such as technical analysis, fundamental analysis, risk management, and trading psychology. The platform also offers demo accounts, allowing traders to practice their strategies in a risk-free environment. With Quotex, traders can enhance their trading abilities and stay updated with the latest market trends, ultimately increasing their chances of success in the financial markets.
It is safe to say that our support team demanded special mention. All support staff support their work. With a 24/7 lightning-fast multilingual response and a sincere desire to help us, we’re on our way to an alternative platform. They will try their best to make you comfortable. Unfortunately, support and service aren’t their best because phone support and live chat are missing.
Conclusion on our Quotex review: New broker with potential – It is not a scam
The Quotex.io platform offers a variety of trading assets, financial indicators and tools and charting combinations to show excellent results. Quick updates on quotes, team support, bonuses and more. Summarizing all the benefits of an efficient and user-friendly environment for all users, Quotex.io has created a complete platform for the principles of enjoying the trading process.
Quotex Social Networks
- Facebook account: https://www.facebook.com/quotexio/
- Twitter account: https://twitter.com/quotex_platform
- Instagram: https://www.instagram.com/quotex_io/
- Positive feedback mainly from early traders
- User-friendly and fast trading platform without freezing and delay
- Minimum transaction size ($1), deposit ($5), and withdrawal ($5)
- Highest and highest average profitability of binary options for currency pairs
- Various chart periods (14) and trading indicators (24)
- Free unlimited demo account
- No commission on deposit and withdrawal
- 24/7 trading (weekend OTC)
- A maximum of eighty percent of bonuses with training opportunities
- Your own internet platform with a user-friendly interface.
- Low minimum deposit and no withdrawal fees
- Copy-trading function
- No leverage was provided
- Limited deposit and withdrawal methods in some countries.
QUOTEX QATAR REVIEW – Conclusion
In conclusion, Quotex Qatar offers a comprehensive and user-friendly trading platform for individuals interested in the financial markets. Its advanced features, competitive spreads, and extensive range of assets provide a convenient and efficient trading experience. Additionally, its commitment to security and customer support ensures users can trade confidently. Overall, Quotex Qatar is a reliable and trustworthy option for novice and experienced traders in Qatar.
Frequently asked questions:
Where is Quotex controlled?
Quotex is regulated by the International Financial Markets Regulatory Center (IFMRRC). This monetary authority allows traders to access compensation funds if the broker is unable to pay their income.
Which platform does Quotex use?
This broker has its own trading platform which provides a convenient operating experience. These include craft copying, signal services, indicators and other useful tools.
Does Quotex offer a demo account?
Customers have access to a $ 10,000 demo account. This environment allows users to practice digital options trading and become familiar with the interface before investing real money.
What is the minimum deposit amount for Quotex?
Customers can start Quotex trading with an investment of at least $ 10. Traders can deposit in multiple currencies depending on the criteria by which the account is opened.
How do I withdraw money from my Quotex account?
Investors may request to withdraw Bitcoin to their online account for a minimum cost of $ 10 or $ 50. The withdrawal period is 1-5 days, and the money is refunded through deposit method.