We know you would enjoy knowing where to find what is the best broker and trader to start investing! What about Quotex? Is it a good or bad partner to choose?
That’s why Letizo.com has made a detailed review of Quotex, one of the most dependable brokers and trading venues. Whether you live in Asia, the USA, or any other point on the globe, Quotex is a nice broker for you.
Quotex Broker Review: a Short Guide
- Name: QUOTEX;
- Founded: 2019;
- Under the advisory of SVGFSA;
- Available assets to trade: indices, oil, digital coins (crypto), commodities, metal, cash pairs
- Trading platform: mobile app, proprietary online platform;
- Withdraw options: bank cards, crypto wallets;
- Currencies that are open to using: USD, EUR, UAH, RUB, GBP, and 7 more;
- Website: www.qxbroker.com;
- Get in touch: social media (Instagram, Facebook, etc), contact form;
- Service: support is working 24/7, visit the website to see more details;
- Available languages: 29 languages, among them, are English, Japanese, Italian, Polish, German, Spanish, etc.
Pros & Cons
- Quotex is exceptionally famous in Mexico, India, USA, and Asia: there are thousands of traders all over the planet;
- Various ways to withdraw money to regular Visa/Mastercard cards or to crypto wallets;
- The lowest deposit rate is starting from $10: you can trade with low risk;
- Trading expenses are absent, profile taxes, withdraw taxes and deposit taxes don’t exist either;
- Quotex bonuses will make you even happier: promo codes, Traders Union gifts, deposit and trade bonuses;
- Quotex auto trading bot is another great plus for traders and potential investors to simplify the process;
- The trading system is smooth, clear and open for users, and the interface is cool even for beginners;
- Signals are precise up to 87%;
- There is a Telegram profile with valuable news and data for traders;
- Moreover, QUOTEX was designed as a binary trading broker with its platform to do trading;
- Leverage is 1 to 1;
- There is an affiliate program;
- There are 29 indicators and 40 tools to boost activities;
- The largest payout is 90%;
- Quotex broker has a demo account for testing.
- Leveraged trading is not an option;
- Deposit bonus can’t be withdrawn;
- Shares are not can be considered as open ones for trading;
- Lack of educational services and resources.
Brokerage Account Types
- A demo profile is unrestricted to everyone to test their might;
- Live profile: the lowest value of the spread is $1, and the fees are charged by transaction systems and banks.
Compliance and Regulation
The main supervisor of the broker is SVGFSA, so its Quotex broker is regulated by a globally respected and trustworthy regulator.
Reliability and Security
Quotex has proven its trustworthiness and reputation for a quick time, starting building it in 2019. The venue has an energetic community of dynamic traders. Security is caused because of its two-factor authentication.
To make a review about broker Quotex complete, let’s talk in short. The broker identifies itself as a trading mobile app, a proprietary online system.
Moreover, there are 3 methods to use the TP:
- IOS/Android version;
- Desktop version;
Use it in the manner you find the most fitting!
This broker is excellent for rookies and trained traders. It has a complicated combination of handy tools, various bonuses, and indicators that can let you trade.
According to the guide about Quotex broker and hundreds of positive feedbacks from users, this broker is worthy to get recommendations.
That’s it, thanks for reading, we wish you the best of luck!