Quotex Review 2023 – Best Forex Broker in January 2023

Quotex Overview

Quotex.io is a relatively new broker which has quickly established itself as one of the leaders in the field of digital options, it operates under the name of Awesomo Limited and started their activity in 2019. The main objective of the Quotex.io broker is to make online trading as easy as possible. It is an award-winning, transparent, intuitive and modern trading platform recognized by industry experts and developed by developers with over 10 years of experience.

Quotex Regulation

If you want to invest in the financial markets or any type of financial product, I recommend using a regulated broker and platform. Watch out for reviews like this Quotex review. It is very important for investors to have high security when investing in financial products. In order to avoid a scam or fraud, you should choose a regulated Binary Options broker. Quotex is regulated by the International Financial Market Relations Regulation Center (IFMRRC) with the number TSRF RU 0395 AA V0161.

Regulation of Quotex (certificate)

Account Types

Quotex provides a free $10,000 demo account for practice and live account for every trader who signup as default, in addition, this platform beat the odds and put 3 account levels for every trader like the following:

• Basic Account: Basic Payout up to 85% in all available assets
• PRO Account: +2% on all available assets
• VIP Account: +4% on all available assets

Payouts & Fees

The profit percentage associated with each instrument is set by Quotex and varies depending on factors like the liquidity of the asset, time of trade execution, and economic events. The maximum payout is 98%.

Quotex does not charge commissions on trading operations. The minimum trade size is $1.

Unlike any other broker you may come across, Quotex functions differently, which is why it has become so popular. Usually, the platform won’t charge fees during the transactions, which is why you won’t have to worry a lot about giving up the profits you have made, no matter how much you have gained.

Since there are several types of fees that can be charged by a broker, we have explained everything here below.

Quotex Products Trade

Trading platform

On the trading platform side, Quotex allows you to trade many underlying assets via this online trading platform. At this broker, digital options refer to binary Up/Down options, offering fixed profit or loss based on upward or downward price movements for each investment.

Quotex.io is a completely web-based online trading platform and you don’t need any software like Metatrader 4 or any other trading platform to trade. Simply connect to it from any device with a web browser, such as a computer, smartphone or tablet.

Quotex is designed to be an easy to use, intuitive platform and offers many indicator options like Bollinger Bands, Ichimoku Cloud and over 9 other trend indicators are available. This broker also puts at your disposal 15 oscillators such as MACD or RSI.

On the platform, Chart options are located on the right side of your chart. You can also access market news and trading signals on the left side of your screen.

The following platforms can be used:

• Web Trading platform for a desktop computer or mobile devices
• Android mobile app (apk)
• iOS (iPhone), mobile app

Quotex Login : It's very secure and simple

To start trading, you must log in to the web platform or mobile application. You just need your email address and password. I recommend enabling 2-factor verification when logging in and withdrawing.

You will receive a security code via email or SMS. It's an important security feature and you should use it. The broker uses different URLs for its services:

• quotex.io
• quotex.com
• qxbroker.com

Quotex Verification: What do you need and how long it takes

If you want to verify your account (you can trade without some restrictions), you must prepare some documents.

At first, you have to click on your personal settings and switch to the “Account” tab. Then, you press the “Upload Documents” button. You will need the following:

• Copy of the first page of your passport
• A selfie photo to regconize your identify
• Proof of current residential address for confirmation

Once you've done that, it will take about 2-5 days until Quotex completes the verification process.

Deposit and Withdrawal

Quotex has made sure that the minimum deposit and withdrawal amount for all the payment methods explained above remains the same.

As for the maximum limit, the value isn’t declared yet because usually, it changes according to the payment methods. Apart from this, if you want to deposit in cryptocurrency, you need to buy tokens having a price worth the minimal amount. The total amount you have to pay for buying the crypto will vary from its type. The same needs to be followed for withdrawal.

Fees that can occur while making deposits or withdrawals from the account

No. The firm does not impose a charge for either depositing or withdrawing funds.

It is important to note, though, that payment methods can charge fees and utilize the domestic currency exchange rate

Customer support

The website provides with 24 hours customer support through live chats to resolve issues as soon as possible, and users face fewer hindrances.

Email address: Support@quotex.io is available by the Quotex team for quick solutions to various users’ problems.

Quotex is a binary options trading platform known also as digital options trading platform with a fast, responsive, and user-friendly interface without any country restriction that can suit every trade with a possibility to customize every single part of the chart, in addition of the drawing and indicators tools and motivating payout! I found this broker with a good potential to try and stick with it! Feel free to comment on your experience with Quotex.

FAQ's

How long does it take to withdraw Quotex?