Quotex Review: Real, Safe, Legit OR Fake?

So you’ve heard about Quotex and its potential to help you earn money fast and easily. Maybe you’ve seen an enticing ad or review on YouTube. Of course, it only makes sense to do your own research before making a deposit. Well, you’ve come to the right place! Scroll down to read my detailed review.

As an experienced trader, I’ve tried various investing platforms, and Quotex is one of those legit brokers that I had good success with. In this post, I’ll walk you through how Quotex works, how it compares with other platforms, and whether it’s safe.

But first, I have an offer I’d like to share with you. Click the button below if you want an exclusive bonus on your first deposit.

Quotex

Or use the links below:

What is Quotex?

Quotex is a binary options trading platform launched by a team of specialist developers in 2019. It is aimed at helping more people learn how to trade and earn money, making trading less complicated and more comprehensible for an ordinary person.

Quotex features advanced financial instruments that you can use to learn and develop your financial skills. There are also around 400 free tools at your disposal, so you can trade and make money based on your preferences.

The available assets on Quotex include:

Currency quotes
Stocks
Metals
Oil or gas
Cryptocurrencies

Basically, in binary trading, all you must do is predict whether the asset will go up or down. But it’s not a game of luck. You must study the basics of trading and what factors affect the rise or fall of these assets.

The platform takes pride in its transparency and advanced technologies, implementing the best functionality so that it’s lightning-fast to use. Quotex also cooperates with reliable brokers to attain maximum control over your quotations.

One feature that sets it apart from other platforms is its free signals. Signals are trading alerts sent to your email or SMS about favorable trading opportunities. They’re generated by professional traders or algorithms.

Is Quotex legitimate?

Yes. Quotex is operated by Awesomo LTD, which is registered in Seychelles. It’s also a member of the IFMRRC (International Financial Market Relations Regulation Centre).

You can also find its stable track record over the internet and major industry websites. It has an average of 4.8/5 ratings on Trustpilot and 4.1/5 ratings on Google Play.

How does Quotex trading work?

If you’re new to trading, don’t let yourself get intimidated. Joining Quotex is easy, and what I like about it is that you can create a demo account first. This will allow you to learn your way around before you put in your hard-earned money.

The demo account works like the live account minus the actual money. You’ll have a $10,000 credit that you can use for trading to test how the platform works.

How to get started?

1. Register an Account

The first thing you need to do is to sign up for an account by entering your email address and nominating a password. You can do this on Quotex’s official website or by downloading the app on Google Play. (*To access the exclusive bonus, you must register on the website first using the button below).

Register an Account

Check your email and then confirm your registration.

2. Explore the Demo Account

When you’ve logged in, you’ll be on a demo account. Navigate through the platform and familiarize yourself with the features, particularly the signals.

Use signals to help you analyze the market and decide whether you’ll take action. You must not follow the signals blindly.

3. Shift to the Live Account and Make a Deposit

When you’re ready to invest, switch to the live account and make a deposit. You can get a 30% bonus on your first deposit.

Quotex offers several options for depositing money, such as through cryptocurrencies, credit cards, and e-wallets. The minimum deposit is $10, and there are no additional deposit fees.

Pro Tip: Use a deposit method that you can also use to withdraw money. I’ve found that when you want to withdraw your earnings, it must be in the same currency as your deposit.

Quotex pros and cons

Like any other platform, Quotex isn’t perfect. It has its own share of advantages and disadvantages.

Pros:

The deposit amount is minimal and has no extra funding fees.
It has an earning potential of up to 95%.
It offers a generous bonus of 30% when you first deposit.
You have several asset options, so you can trade what you like.
Its mobile and web interface is user-friendly and not overwhelming even to beginners.
It has free signals that can help you make informed decisions.
The app and web platform are fast and responsive.
It uses SSL encryption to protect your information.
It has extensive educational materials and hundreds of free tools.

Cons:

Quotex isn’t accessible in some countries without a VPN.
You cannot withdraw the bonus deposit.
It’s not regulated in any country.
It doesn’t offer leveraged investments.

What are the alternative brokers to Quotex

If Quotex isn’t for you or you want to expand your options, you can check the following alternatives:

Pocket Option – Pocket Option is a good alternative if you’re looking for high returns. It also has convenient funding and withdrawal methods and excellent technical analysis tools. Like Quotex, it has a demo account that you can use to learn before the real trading.
Expert Option – Like Quotex, it has a potential earning of up to 95% in 1-minute trading. It allows trading in forex pairs, binary options, and CFD. You can also copy trading methods from other successful traders.

The Verdict: Is Quotex safe or not?

Quotex is a safe trading platform that you can use wherever you are in the world, albeit not being regulated in any country. It has potential earnings of up to 95%. However, it’s important to note that it’s not a get-rich-quick platform, and it’s not gambling. Success in investing requires learning the ropes and developing your financial skills over time. The earnings are not guaranteed in any investment, and sometimes it takes time for many investors before they get returns.

Key Takeaways

Quotex is a legitimate binary options trading platform
It offers advanced financial instruments, over 400 free tools, and around several asset categories for trading
Quotex offers free trading signals to its users, which are generated by professional traders or algorithms
It has a stable track record and has received high ratings on Trustpilot and Google Play
Quotex has an exclusive bonus offer which you can access below.

Quotex

Frequently asked questions about Quotex

What is the minimum deposit?

The minimum deposit at Quotex is $10 (USD).

How do withdrawals work on Quotex?

You can choose between bank transfers, e-wallets, or cryptocurrency.

Can I download a Quotex app for mobile?

Quotex is available as an app for mobile devices. But to take advantage of the bonus offer, you must first register on their website using the button above.

Does Quotex work in all countries?

The Quotex platform is not available in certain countries. Users from these countries report that they can still use Quotex and invest through the platform by using a VPN upon registration. (*You should be aware of the laws in your country of residence).

What are Quotex bots?

Quotex bots are third-party applications used for algorithmic trading and investing on the Quotex platform.

Can I deposit and withdraw using USDT and Bitcoin?

Yes, you can both deposit and withdraw on Quotex using USDT and Bitcoin.

Can I deposit to Quotex via Binance?

Yes, you can deposit to Quotex via your wallet on Binance. You can deposit from any cryptocurrency platform where you are able to send out cryptocurrencies.

Can I withdraw from Quotex to Binance?

Yes, you can withdraw to your wallet on Binance. You can withdraw to any cryptocurrency address (including those on cryptocurrency platforms like Binance).

Where can I find the best Quotex bonus?

You can click the button below to access the best Quotex bonus available.

Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.