Quotex is a digital options trading platform that allows you to trade currencies, commodities, stocks, and cryptocurrencies with a $10 minimum deposit. You can predict price movements and earn returns up to 98%. The platform offers a free demo account with $10,000 in virtual funds for practice.
What Quotex Is and How It Works
Quotex operates as an online trading platform where you predict whether an asset’s price will rise or fall within a specific timeframe. You pick an asset, choose a time window, and place your prediction. If you’re correct, you earn a payout based on the return percentage.
The platform provides access to over 400 trading assets across five categories. You’ll find forex pairs like EUR/USD and GBP/JPY, commodities such as gold and oil, popular stocks, major indices, and cryptocurrencies, including Bitcoin and Ethereum.
Your trades execute in under one second during active market hours. The interface shows real-time price charts with technical indicators like RSI, MACD, and Bollinger Bands. You can customize your trading view with candlestick, line, or bar chart formats.
Opening a Quotex Account in 3 Simple Steps
Creating your account takes less than two minutes.
Step 1: Visit the Official Website. Go to the Quotex homepage and click the registration button in the top right corner. You can also download the Android app from the Google Play Store.
Step 2: Enter Your Details. Provide a valid email address and create a strong password. Select your preferred currency for deposits and withdrawals. You must be 18 years or older to register.
Step 3: Choose Demo or Live Trading. After registration, you’ll see two options. The demo account gives you $10,000 in virtual money to practice. The live account requires a minimum deposit of $10 to start real trading.
You can switch between demo and live accounts anytime using the toggle button at the top of your trading dashboard.
Understanding Quotex Demo Account Benefits
The demo account mirrors real market conditions without financial risk. You receive $10,000 in virtual funds that automatically refill when depleted.
You get access to all platform features, including advanced charting tools, technical indicators, and the full range of tradable assets. The demo environment uses actual market data, so price movements reflect real-world trading conditions.
Practice helps you understand how different timeframes affect outcomes. You can test whether 60-second trades or longer positions suit your strategy better. The demo lets you experiment with various assets to find which markets you understand best.
Many traders use the demo to develop emotional discipline. You’ll learn to manage the psychological pressure of watching trades without the stress of losing real money.
Quotex Deposit Methods and Requirements
You need a minimum of $10 to start trading with real money. Deposits appear in your account instantly for most payment methods.
Card Payments: Visa and Mastercard work for deposits. Enter your card details, specify the amount, and confirm. Quotex doesn’t charge deposit fees, though your bank may apply standard international transaction charges.
Cryptocurrency Options: The platform supports over 15 cryptocurrencies, including Bitcoin, Ethereum, and Tether. Crypto deposits offer privacy and faster processing. Popular options include USDT on TRC20, BEP20, and ERC20 networks. Bitcoin Cash and other altcoins like Ripple and Solana are also available.
Bank Transfers: Some regions support direct bank transfers. This method may take up to 24 hours to process, unlike cards and crypto, which are instant.
You must use the same payment method for withdrawals as you used for deposits. This policy helps prevent fraud and ensures account security.
How to Withdraw Money from Quotex
Withdrawal requests typically process within one to five business days. The platform doesn’t charge withdrawal fees for most methods, though payment providers may apply their own charges.
Withdrawal Process: Log in to your account and navigate to the withdrawal section. Select your payment method from the available options. Enter the amount you want to withdraw. The minimum is $10 for most methods and $50 for certain cryptocurrencies.
Provide your payment details, such as wallet address or bank account information. Double-check all details before confirming. You’ll receive an email confirmation code as a security measure.
Processing Times Card withdrawals take one to three business days. E-wallets process within 24 hours in most cases. Cryptocurrency transfers depend on network congestion but typically complete within hours.
Verification Requirements: For larger withdrawals or after recent deposits, you may need to verify your identity. Prepare documents like a passport, driver’s license, or utility bill showing your name and address. This one-time verification protects your account from unauthorized access.
Some users report withdrawal delays or rejections, particularly for larger amounts. Always verify your account details match your registration information to avoid issues.
Trading Assets Available on Quotex
The platform offers 400+ assets across multiple markets.
Forex Pairs: You can trade 43+ currency pairs, including majors like EUR/USD and USD/JPY, minors such as CAD/CHF, and exotic pairs like USD/IDR.
Commodities: Four primary commodities are available, including gold, silver, and oil. These markets attract traders during economic uncertainty.
Stocks: Eight popular company stocks, including Microsoft, Pfizer, and Boeing. High-volatility tech stocks like Tesla aren’t currently offered.
Indices: Ten major indices, including the FTSE 100, Dow Jones Industrial Average, and Nikkei 225. The S&P 500 isn’t available for trading.
Cryptocurrencies: Three crypto options limited to Bitcoin, Dogecoin, and Pepe. Popular alternatives like Ethereum, Solana, and Ripple aren’t supported for direct trading.
Understanding Quotex Regulation Status
Quotex operates through Awesomo Ltd and Maxbit LLC, companies registered in offshore jurisdictions including St. Vincent and the Grenadines and Seychelles.
The platform claims regulation by the International Financial Markets Regulatory Center (IFMRRC). This is a low-tier regulatory body compared to top authorities like the UK’s Financial Conduct Authority or Cyprus Securities and Exchange Commission.
Multiple European regulators have issued warnings against Quotex. Italy’s CONSOB flagged Maxbit LLC for providing investment services without required authorizations. Portugal’s CMVM and Spain’s CNMV have also warned about the platform.
Quotex lacks state-level licensing in most countries. It doesn’t operate in the USA, Canada, European Economic Area countries, Russia, Indonesia, or Hong Kong due to regulatory restrictions.
Offshore regulation means limited investor protection. You won’t have access to compensation schemes, fund segregation guarantees, or audited financial statements that come with top-tier regulated brokers.
Countries Where Quotex Is Available
The platform operates in approximately 249 countries but faces restrictions in several major markets.
Available Regions Quotex accepts traders from India, Brazil, South Africa, Malaysia, Turkey, Nigeria, Mexico, and most South American, African, and Asian countries.
Restricted Regions The platform is banned or unavailable in the United States, Canada, all European Economic Area countries, Russia, Indonesia, Hong Kong, and for anyone under 18 years old.
If you access the site from a restricted region, you’ll see a message stating the service isn’t available. Using a VPN to bypass restrictions violates the platform’s terms of service.
Always verify local financial regulations before trading. Some countries consider binary options trading similar to gambling and restrict or prohibit the activity entirely.
Platform Features and Trading Tools
Quotex provides a proprietary web-based platform that runs on any modern browser or Android device. No software download is required for desktop trading.
The interface includes customizable charts with multiple time frame options ranging from five seconds to several hours. You can add technical indicators, drawing tools, and price alerts.
Popular indicators available include the Relative Strength Index, Moving Average Convergence Divergence, Bollinger Bands, and various moving averages. Each indicator can be adjusted to match your trading strategy.
The platform claims signal accuracy of 87%, though you should verify any signals against your own analysis before trading.
You can execute trades starting from $1 up to $1,000 per position. This flexibility allows you to control risk while testing different strategies.
Quotex Fees Explained
The platform doesn’t charge commissions on trades. Your profit comes from the payout percentage rather than price differences.
Deposit fees are zero from Quotex’s side. Your payment provider may charge standard transaction fees, typically under two percent for cards.
Withdrawal fees vary by method. Most options are free, but card withdrawals may incur up to five percent in charges. Cryptocurrency withdrawals avoid these fees entirely, making them the most cost-effective option.
Payout percentages range from 80% to 98% depending on the asset and market conditions. For example, if you invest $1,000 in EUR/USD with an 80% return and predict correctly, you receive $1,800 total.
Common Problems and Solutions
Account Verification Delays: Large withdrawals or recent deposits trigger verification requests. Submit clear copies of your ID and proof of address immediately to avoid delays.
Withdrawal Rejections: Incorrect wallet addresses or bank details cause failed transfers. Always double-check payment information before submitting requests.
Missing Deposit: If your deposit doesn’t appear after several hours, contact support with your transaction ID. Payment system issues occasionally delay crediting.
Account Restrictions: Some users report unexpected account limitations. The platform may request additional verification if it detects unusual activity patterns.
Multiple complaints exist online regarding delayed withdrawals, verification hold-ups, and allegations of trade manipulation. The lack of top-tier regulation means limited recourse if disputes arise.
Safety Considerations Before Trading
Quotex implements basic security measures, including SSL encryption and two-factor authentication. However, the offshore structure and limited regulatory oversight create inherent risks.
Your funds aren’t protected by investor compensation schemes available with regulated brokers. If the platform experiences financial difficulties, you have limited options for recovering deposits.
Start with small amounts you can afford to lose. Withdraw profits regularly rather than keeping large balances in your account.
Binary options trading carries high risk. Over 80% of retail traders experience losses with these instruments. The fast-paced nature of short-term predictions makes consistent profitability difficult.
Never trade based solely on platform signals or recommendations. Develop your own understanding of market movements through education and practice.
Comparing Quotex to Regulated Alternatives
If you prioritize security and oversight, consider regulated brokers offering similar products.
IQ Option provides binary options with stronger regulatory frameworks in some regions. The platform offers more educational resources and a larger asset selection.
Olymp Trade operates under the International Financial Commission regulation. It includes forex and binary options with comprehensive learning materials.
eToro offers a fully regulated environment for social trading. While not focused on binary options, it provides access to stocks, crypto, and forex with investor protections.
Exness caters to forex and CFD traders with global licensing. It suits experienced traders seeking advanced features and regulatory compliance.
Always verify any broker’s regulatory status through official regulator websites before depositing funds.
Making Your Decision About Quotex
Quotex delivers what short-term traders want: fast execution, low entry requirements, and a simple interface. The $10 minimum deposit and $1 minimum trade size make it accessible for beginners to test strategies.
The free demo account with substantial virtual funds offers genuine practice value. You can spend weeks or months developing skills without financial pressure.
However, the lack of top-tier regulation raises serious concerns. Multiple financial watchdogs have warned about the platform. Numerous user complaints mention withdrawal problems and verification delays.
Your decision depends on risk tolerance. If you’re comfortable with offshore platforms and plan to trade small amounts, Quotex provides functional service. If you want strong investor protections and regulatory oversight, look elsewhere.
Never invest money you can’t afford to lose. Binary options trading involves predicting short-term price movements, which is inherently high-risk regardless of the platform you choose.
Start with the demo account to evaluate whether this trading style suits you. Only move to live trading after developing consistent profitability in the practice environment.