In this 2022 Quotex Review we will test every key aspect of the broker, so stay tuned!
Unlike traditional trading, trading with binary options is very fast with potential to bring traders big and fast profits or big losses if you don’t know what you are doing. As interest grow in trading with binary options, traders like you need to find a reliable and trustworthy broker for their investment. Quotex is a binary options broker, relatively new, founded 2 years ago in 2022 that is taking the binary options industry by storm.
During the last 15 years we are in business we have reviewed many binary option brokers that our community asked for. Our team of expert traders developed a new review system with 25 key points of testing for a new binary option broker and with a combination of the feedback our trading community posts in this website we publish our final review with all the details a new or experienced trader needs before choosing Quotex or any other binary options broker (you might also want to check our recent Pocket Option broker review for 2022). Our reviews have been visited by thousands of traders and have been praised as accurate, helpful and professional.
In this Review for 2022 we will thoroughly examine Quotex, its trading platform, the demo account, the live account, the deposit and withdrawal methods, the additional features the broker offers and also the level of difficulty that requires for new traders.
So, what is Quotex broker? An overview
Quotex is a investment and trading platform that implements binary options. It offers more than 100 assets the traders can access and invest. The company behind the broker is called Quotex LTD and they launched their trading platform two years ago in 2020. The headquarters of Quotex are located in Seychelles, which is typical for a binary option broker as taxes are lower.
In this Quotex broker review for 2022 we were happy to discover that the payouts of Quotex are one of the highest in the market, meaning that if a trader is right about an asset’s price, where it will go up (High) or down (Low) in a certain amount of time then the trader can take home a return of investment of 95%. This means that if you are investing $1000 you will get $1950. Not bad at all right? But in this extensive review of Quotex we will delve further into payouts and percentages down below.
The binary options market is very competitive with dozens of other brokers offering more of the same thing. Quotex before launching their trading platform analyzed the market in order to determine what other broker don’t offer and most importantly what traders are looking for in a binary options broker. The Quotex trading platform is fast and accurate and it is available now matter what device you are using. From a desktop app to dedicated mobile app, Quotex tries to be present in every place the traders are. This is very important as you can start trading on your desktop browser and check your trades on the go in your mobile app. Our first impressions when reviewing the trading platform were positive and will present you why.
Quotex makes available its trading services for all countries worldwide except USA, Canada, China, Germany, Spain and Russia. Traders from United Kingdom are welcomed.
Overall, Quotex has a very positive reputation among traders and an active community, but let’s dive into this fresh review of Quotex binary options broker for 2022.
- FMRRC License – Quotex is regulated by IFMRRC
- 30% Welcome Deposit Bonus – Get 30% bonus on your first deposit
- Demo Account – Get a FREE demo account with no deposit
- Low $10 Minimum Deposit – The minimum deposit when signing up is only $10
- Trade from $1 – Low trades starting from $1
- Numerous Technical Indicators – Quotex trading platform implements an extensive number of technical analysis indicators<
- Easy Sign Up Process – It is really easy to create a new account, Demo or Real
- High Accuracy – Trading Signals with 95% accuracy
- Early Closing Trade Allowed – Quotex lets you close early a trade
- Strong Reputation – Quotex has received positive feedback by its big number of traders and also the trading community
- Many Deposit and Withdrawals Options – Credit/debit cards, e-wallets, cryptocurrencies. There are no delays or queues in transaction processing.
- Zero Transaction Fees on Deposit or Withdrawals – Quotex has 0 fees when depositing or withdrawing
- Simple for Traders – The main goal of Quotex is to make the trading process as simple and straightforward as possible for the traders.
Broker Information Card
03 Sham Peng Tong Plaza Victoria, 1, Mahe, Seychelles
Worldwide (except USA, Canada, China, Germany, Spain and Russia. Traders from United Kingdom are welcomed.)
Proprietary (very fast and accurate)
Up to 100% on first deposit
Up to 95%
FEES & COMMISSIONS
0 (No fees or commissions on deposits or withdrawals)
Yes, available in Demo and Live accounts
FREE DEMO ACCOUNT
Yes, FREE and Unlimited with $10,000 pre-funded (no prior registration needed). Access DEMO here.
Credit/debit cards, cryptocurrencies, various e-wallets and wire transfers
TYPE OF TRADING
Binary Options with Up and Down trade types
More than 100 assets, divided in Forex, stocks, commodities, indices and crypto
EUR, GBP, USD, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND
Yes, available Android and iOS apps
OUR EXPERTS SCORE
Is Quotex broker Legit?
Quotex is regulated under the IFMRRC license. IFMRRC (International Financial Market Relations Regulation Center) is an independent regulator that issues the IFMRRC license only to trustworthy brokerage companies. The IFMRRC license is a gold standard for the reliability of trading company and very few of them comply on their extensive audit procedure. Quotex is fully regulated by IFMRRC and can be trusted by traders.
Quotex Review in 2022
In this comprehensive and detailed article we will review the binary options broker Quotex. Our experts tested and examined this broker in 25 key points and here traders can learn everything about it and as well our final review score.
Deposits and Withdrawals
As we mentioned earlier in this review, our review team is made of expert traders with more than 15 years of experience in the financial industry. It is only natural then to have knowledge about the ins and outs of every step that takes to make a binary options broker, like Quotex, actually reliable and trustworthy for the traders.
The first step of our review and one of the most important factors of our 25 point examination policy of a new binary options broker is the methods it is using to deposit and withdraw money from the platform. We want to make sure that these transactions are accessible and safe for the traders and that is why we test these procedures carefully with real accounts with real money. Our experts give the deposit and withdrawal methods a very high importance so you as a trader can know beforehand what to expect when executing these steps.
Quotex has a clear explanation on its website that there are no extra fees or commissions when either deposit or withdrawing money. Unlike other brokers this is a key element the traders need to consider before choosing a broker. Quotex tries to be the best in this section and succeeds.
Deposits are very fast from start to finish with several methods available, although some funding methods might be not available in some countries and we advise traders to check before depositing for extra fees that banks or cards might apply. Quotex makes available for depositing credit and debit cards, various cryptocurrencies and of course some famous e-wallets. From our experience during the review, we had no issue depositing and the process was very fast and hassle free. We expect for traders also not to have any issues with depositing and the fact there is a 24/7 Customer Support chat makes the whole experience even more assuring.
Now regarding withdrawals, Quotex doesn’t apply any fees or commissions just like with deposits. Our experts also dived into the Terms and Conditions available in Quotex trading platform and couldn’t find any hidden fees or commissions either. Although, traders need to be aware of fees on the behalf of banks or other financial gateways they use to withdraw their funds from Quotex. It is always good, and our experts never get tired of repeating it again and again that traders need to check with their banks for fees and commissions and sometimes they might surprise you.
If you have read our new binary options broker review of Pocket Option (you can read the review here) you could see that Pocket Option offers 6 different account types. This might seem a little complicated for you to choose as a beginner trader what account suits you most. From our experience even professional traders are in doubt about the account they need to select to start. Remember we said at the beginning that Quotex conducted a preliminary market analysis and listened to traders requests and created a platform that makes everything much easier according to their feedback.
So, when creating an account in Quotex you will see only three types of account available and ready to choose from: Standard, Pro and VIP. All these accounts require the same steps when registering and the only major difference between them is the initial deposit tiers.
Now, whatever account type you choose to go with, Quotex offers up to %100 bonus on your initial deposit. Especially for new traders this is very positive and welcomed as if you deposit let’s say $100 with a 100% bonus you will get $200 immediately available in your account to start trading with.
Every trader creating a new live account in Quotex needs to enter the following information:
- Full Name
- Email Address (make sure to be valid as you will need it for account verification
- Phone Number
- Password (In order to eliminate the risk of your account getting compromised or even hacked with strongly recommend you to create a strong password made of a mixture of lowercase and uppercase letters, numbers and special characters. Also make sure to store somewhere safe your password. But no worries as password reset is available)
Quotex is very secure and safe when it comes to user data and identification and for additional security they also implement Two Factor Authentication also know as 2FA. Although when creating a new account traders don’t necessarily need to set up 2FA but it is always advisable to active it as it adds an extra layer of security when accessing your account and an extra difficult obstacle when it comes to compromising it.
Quotex itself maintains a high level of security implementing all the latest security technologies and safety layers to safeguard client information. Also during our review we searched extensively for data breaches and client information leaks from this broker and we couldn’t find any. This is extremely positive, and also important when choosing a broker to start trading. Traders and rest assured that their personal data is safe and under their complete control.
Quotex is a binary options broker and operates internationally in more than 20 countries. When registering a new account with Quotex you will find many available currencies to choose from based on your location. An important feature as Quotex gives the opportunity to traders to choose their local currency and eliminate the need for currency conversions that sometimes add high additional fees. The currencies accepted are:
- 🇮🇳 INR – Indian Rupee
- 🇰🇿 KZT – Kazakhstani tenge
- 🇷🇺 RUB – Russian Ruble
- 🇹🇭 THB – Thai Baht
- 🇺🇦 UAH – Ukranian Hryvnia
- 🇻🇳 VHD – Vietnamese Dong
- 🇪🇺 EUR – European Euro
- 🇬🇧 GBP – British Pound Sterling
- 🇺🇸 USD – United States Dollar
- 🇧🇷 BRL – Brazilian Real
- 🇮🇩 IDR – Indonesian Rupiah
- 🇲🇾 MYR – Malaysian Ringgit
Unlike traditional trading in the Stock exchange, trading with Quotex can be always available with a 24/7 operation to its likes of every trader. No matter the day or the hour traders from all around the world and in different time zones can access the Quotex trading platform and start executing trades right away.
Quotex Demo Account Review
Like a major player in the binary options market, Quotex is offering a Demo account to start with and familiarize yourself with the trading platform. A must have feature that broker should have no matter what accounts types offers for live. Quotex makes available freely to its traders and without any registration the Demo account. The demo account is also funded with $10,000 in virtual money so you can start testing the platform in every detail.
In our review, our experts while accessing the Demo account found very distinctive features that set apart Quotex from any other binary options broker. Our demo review was surprisingly positive and ticked all the boxes in regarding with ease of use, especially for new traders, assets offered, expiry times, minimum traders, trading signals and technical analysis indicators all implemented in the Demo trading platform of Quotex.
You don’t need to create an account or register if you want to access the Quotex Demo. You can click here and directly go the Demo account dashboard where you can choose the asset you want to execute a High or Low trade and the time you want to expire. Very easy and straightforward for new traders and very comfortable for more experienced traders. With a dark and clean design, Quotex Demo account makes everything very easy to access and operate.
Our team have reviewed countless binary options brokers and their respective demo account but Quotex easily makes the top of our list being also praised by its millions of traders around the world for the simplicity and reliability. Even you if you don’t have prior knowledge with trading or it is your first contact with binary options, the Quotex Demo makes it extremely easy to start with and familiarize yourself with the layout and functionality of the trading dashboard. We can assure you that with just 3 clicks you can be up and running with a trade. That simple.
With the screenshot below (you can also visit the demo by clicking this link, but come back here as we will share very important information in the rest of our review) we will show you how the trading dashboard of Quotex looks like and also explain what are the steps to execute a trade.
In the demo account you can choose between 100 different assets to start trading. Explore them one by one and choose the one that you prefer. Quotex divides its available assets in four major categories:
– Traditional Currencies (FIAT money)
– Crypto Currencies
How to open a Real Account in Quotex?
Our experts place much attention during their review in the registration process with a specific binary options broker. After reviewing Quotex, we can make sure that creating an account with Quotex couldn’t be easier. The process from start to finish it can take only 30 seconds and you are good to go to start trading right away! Right below we will show you step by step how to register.
After the registration you will automatically have full access to the Quotex Trading Platform with a popup offering two options, Demo Account and Real Account. Since you want to continue with a live account click on “Real Account”. Quotex offers the lowest deposit amount among other binary options brokers, just $10 to start with. Traders will also big bonuses added to their initial deposit.
How to withdraw money from Quotex?
Just like when depositing money in Quotex the withdrawal process is also very simple and fast from start to end. To withdraw your funds you simply have to click the “Withdraw” button next to “Deposit” in the top right corner of your screen.
So if you have deposited initially money using Visa you will choose Visa again when withdrawing. It has to be the same method you used at the beginning when depositing.
In our Quotex Review we found that no fees or commissions are applied while depositing or withdrawing money, which is very positive and welcomed, but some credit card issuers or bank in your country might so you should check before.
In case of large sums of money when withdrawing you will have to make sure that your account is verified. Account verification is very simple again to complete and it implies sending a copy of your ID. This is why it is very important to register an account only for yourself and keep secure your account credentials.
Inside the Trading Platform
Comparing the Demo dashboard of Quotex with other binary options brokers traders will find it much better layed out and easier to understand even the first time they visit it. The dashboard is divided into three major segments:
What Assets are available?
From our Quotex Review we found more than 100 different available assets to choose from. Quotex divides them in the trading dashboard into Currencies (Forex), Cryptocurrencies, Commodities and Indices. Althound in Demo some assets are not available after registering a real account more than 100 different assets will be made immediately available to you!
Payouts are really high with Quotex in comparison with other brokers. They range from 25% to 95%. To make it easier let’s say you have put $100 on a trade with a payout of 90%. The end amount you will get if you forecasted the price (whether up or down) correctly, is $190. This is very good indeed with endless possibilities for earnings.
At this time we hope that new traders understand that binary options are trades placed whether Up or Down on an assets price for a specific amount of Time. Quotex offers and wide range of timeframes traders can choose from depending on their strategy. Unlike Pocket Option, Quotex offer more options of choosing the time the trade will be effective. The time frames available are as below:
Trend Indicators and Oscillators
In the Quotex trading platform, during our review, our experts where positively surprised with the huge number of indicators that were available to traders. It is of course very important to offer as much technical analysis tools to the traders as each one of them uses a different set of tools and the option to have as many as possible it is always welcomed.
From our review, our trading experts found that Quotex offers 11 different Trend Indicators and 18 different types of oscillators. Currently there isn’t any other binary options like quotex how such a big amount of choices when it comes to indicators.
Even Pocket Option that we reviewed the last week had a smaller amount of technical analysis indicators implemented in their platform.
OUR EXPERTS SCORE
5.0/5 ⭐ ⭐ ⭐ ⭐ ⭐
In this Quotex Review updated for 2022 we tested every key aspect of the broker and here is our expert score!
Quotex is by far the best binary options broker you can find online right now. Quotex is very user friendly with fast deposits and fast withdrawals without any fees or commissions. The trading platform of Quotex is very easy to use with focus on it’s users, fast, secure and reliable. Quotex is a regulated binary options brokers and has a very good reputation among other traders and the trading community in general.
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