Is QUOTEX a scam? Review about Quotex broker. Login or sign in official website platform QUOTEX. Registration.
The average Web user’s interest in digital assets is growing exponentially. The market reacts to any demand unambiguously – it is flooded with offers. New brokers of binary options appear on the World Wide Web with enviable consistency, offering attractive trading conditions. One of them is Quotex, an international broker, as it presents itself. Let’s understand, based on the results of the analysis of the official website, reviews of Quotex, whether it is another scam or a really transparent trading platform with great potential.
General information about Quotex
|Date of foundation||2019 year|
|Main office||Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles|
|Company owner||Awesomo Limited|
|Support types|| |
Feedback form on the site
Tickets in your personal account
|Languages||Russian, Ukrainian, English, Spanish, German, Portuguese, etc.|
|Min. first deposit|| |
From 10 USD
|Min. rate|| |
From 1 USD
|Broker commission|| |
|Payment terms||Approval – up to 7 days, payment – from 1 to 5 days|
Up to 98 %
|Free demo account|| |
Open demo account
|Types of options||Digital options|
TSRF RU 0395 AA V0161 (Active)
|Account types||Demo, Real|
|Replenishment methods||Credit Cards, Debit Cards, VISA, Mastercard, Skrill, Neteller, Advcash, Yandex.Money, Webmoney, Bank Transfer, Crypto Wallet, Perfect Money|
|Withdrawal methods||Credit Cards, Debit Cards, VISA, Mastercard, Skrill, Neteller, Advcash, Yandex.Money, Webmoney, Bank Transfer, Crypto Wallet, Perfect Money|
|Graphic tools|| |
|Number of assets|| |
|Asset types|| |
|Number of indicators|| |
|Account currencies||USD, EUR, RUB, UAH, BTC, BRL|
From 1 minute In digital options, the client independently determines the time of execution of the transaction
|Mobile trading|| |
No mobile apps
|Weekend trading|| |
|Tournaments / contests|| |
|Trader training|| |
Individual consultations, webinars, seminars, school of finance
Trading digital options, betting on price increases or decreases, not specific values
Small threshold for entry
No trading commissions and a demo account
Cashback for replenishment from 100 USD and promotional codes with bonus units
Free trading signals
Dollar conversion with commissions
Little information about trading conditions before registration
|Company details|| |
Legal name: Awesomo Limited
Legal address: Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles
|Date of update||03/21/2021|
|Overall score||8.1 / 10|
Overview of the trading platform
The minimalism of the intuitive interface, as noted in reviews of Quotex, does not distract from the main thing – trading. It is hard to disagree with this. The trading platform of Quotex is seamlessly based on modern technology, offering betting on stocks, tokens – popular cryptocurrency quotes, currency pairs, raw materials (metals, oil, gas).
A user-friendly interface, a wide range of assets, and smooth operation are certainly important facts, but not the defining ones. Excluding, of course, the last advantage – functioning without delays. However, the purpose of the review is to find out if the new-born broker is worth trusting, how safe, profitable it is to trade digital assets with it.
So, let’s focus on the fundamentals:
- The domain is paid for until 2025, which gives some confidence – fly-by-night scams don’t suffer from this.
- The statement about its own trading terminal is alarming – scammers are tricking their clients on this, showing supposedly successful trading on a controlled unit. However, this does not apply to Quotex, as the broker has a contract with licensed liquidity provider TOPFX https://topfx.com.sc. Just compare the performance of two terminals – TOPFX and Quotex – to be convinced that the online quotes are identical.
- Again, potential clients of Quotex, who have been burned by all kinds of scam projects more than once, may be frightened by the offshore registration of the beneficiary company. There is such a thing, but as for the hero of this review – it is just a trick to avoid exorbitant taxes in Russia, because the broker has a valid license from the regulator of the Russian Federal Service for Financial Markets. One may check it on his own at the website of the ORFR.
- The number of indicators integrated into the platform is impressive: for technical analysis you can use Bollinger Bands or Ichimoku Cloud, Envelopes indicators will help create flexible channels, there is Fractal (an effective Williams strategy), Alligator with a “jaw chart” to identify the trend and successfully speculate in it, you can put a Moving Average, and the market reversal will predict Keltner channel – and this is not the whole list. And advisors can be activated individually or in a group – several indicators at once, which have their own colour.
- The advantage of working with the broker is the immediate realisation of contracts with an option yield of up to 95%. Constant development is also a fact in favour of the trading platform. For example, Quotex has recently introduced fixed returns on EUR/USD and GBP/USD exchange rates. The option is valid from 9:00 am to 6:00 pm. A useful option to cancel a trade in Quotex (early closing of a contract) will protect the trader from serious losses.
The review would not be objective without mentioning some disadvantages of the broker, which include the following: scanty training materials, analytics, lack of a news feed, which in some situations is uncomfortable, the possibility to display several charts at once on the screen. There are also low returns on cryptocurrency assets. However, the broker is actively developing and most likely, these shortcomings will be corrected in working order.
Registration, account verification
The authorization on Quotex online website with further account opening is elementary. You need to enter email, password and currency of trading balance in a special form. After that, a client must prove his/her majority (18 years) by checking the terms of the Customer Agreement in a special window. Then the tab with the proposition to deposit balance or use the demo account will pop-up. The latter, with a balance of $10,000, can be used without registration. In this way you can test the platform and if everything is satisfactory, you can register your personal account.
The broker also offers the possibility to log in without confirming the email address – via Google or social networks VKontakte, Facebook. As for verification – it is needed for depositing and withdrawing money, if the client has deposited the account by card. You will need to send a colour scan of the first page of your passport, take and send a self-portrait (selfies), confirm with third-party documents (such as utility bills) your registered address. The procedure takes a few working days from the moment the company receives the package of documents.
Deposit/withdrawal at Quotex broker
Quotex, like any other honest, transparent project, is interested in expanding its client base. And these should not be passive accounts, but active speculators who constantly make transactions within the trading platform, earning profits. This is the source of the broker’s earnings – with a ratio of no more than 90%, Quotex earns at least 10% on the difference of the speculators’ contracts. Accordingly, the more trades, the higher the profit. Uninterrupted withdrawal of funds – a factor which a priori attracts traders.
Quotex is fine with this – funds are deposited/withdrawn without commissions by the following methods:
- Bank wire transfer;
- Electronic payment systems – Qiwi, WebMoney, UMoney (UMoney – former Yandex Money), other EPS;
- Cryptocurrency wallets – Bitcoin, AdvCash, Ethereum.
Depending on the payment system, the withdrawal time is 1 to 5 working days. However, the developers of the platform are working on robotic withdrawal. Therefore, the platform will soon have an automatic withdrawal option, which will take no more than 10 minutes.
The welcome bonus is 80% of the total amount of the first deposit. Besides perpetual prize the broker permanently offers various promotions, promo codes. For example, promotional codes for newbies on cancellation of transaction for $10, which are published in their group. The bonus policy is available in the offer and in other terms and conditions of the client agreement – point 1.28.
Feedback on Quotex from real customers
On the whole, the reviews are positive.
In their reviews of Quotex.io, traders note the following obvious advantages of the brokerage company:
- simple, intuitive user-friendly interface, prompt verification;
- reliable integrated signals and high quality, consequently in-demand indicators;
- Prompt technical support that solves any problems quickly;
- super returns on currency pairs;
- opening transactions without delays;
- Excellent speed of the trading platform, coupled with online quotes, the ability to manually set expirations from 1 minute to 4 hours;
- fast withdrawal of funds;
- Attractive bonus policy, affiliate program with up to 80% profit according to RevShare or 5% of total turnover of traders’ funds.
The main thing is that withdrawals are made within the stated regulations.
Is it worth opening an account with Quotex?
Quotex stands out on a number of obvious merits: no complaints with serious accusations against it, a valid licence obtained from the domestic regulator, a wide range of tools, including indicators to help make profitable trades. The platform gives accurate quotes-online, no brakes. Technical support works like a Swiss watch – all controversial or problematic issues are resolved promptly. Of course, the conclusions need to be made strictly on a case-by-case basis, but it is already clear that Quotex can safely be added to its own rating of reliable binary options brokers, as the service is in no way worse than well-known reputable trading platforms.