The minimum trade amount at Quotex is $1, which makes it a good option for traders who want to invest small amounts of money. You also have the option of funding and withdrawing money from your account with Bitcoin or Ethereum, which makes Quotex a versatile trading platform.
Quotex is a binary options broker that allows users to open trades on over 70 different assets spread across commodities, metals, stocks, crypto, and currency pairs,
The platform is designed to offer market signals on its bespoke web platform as well as on the android mobile app. With Quotex signals, traders can open either UP or down trades with as little as $1.
In this review, we will explore all Quotex features in detail and provide our thoughts on whether the platform is worth using.
So, if you haven’t already created an account in Quotex, don’t hurry, read this post to the end first and make that decision afterward.
Quotex Account Types
Quotex offers a three-account type to help traders meet different trading needs with their accounts. As a trader in Quotex, you can choose between a Standard, Pro, and a VIP account. All these three account types come with different trading conditions and rates of return.
For example, the Basic account does not attract any deposit or withdrawal fees, the minimum deposit amount is $10 but it provides the basic percentage of profitability for all instruments.
The Pro account, on the other hand, pays 2% more than the percentages on the standard account, but it requires you to make at least a $1,000 deposit.
The last account type in Quotex is the VIP account which requires you to have at least $5,000 in your account in order to get the maximum achievable rate of return on Quotex, 95%.
To open an account, traders need to provide basic information, such as their name, email address, and phone number. After verifying this information, Quotex will send traders a welcome email with instructions on how to set up their accounts.
One thing that you should note is that these account types are activated by having the specified balances in your account and no matter which account type you choose, you can still revert back to the DEMO account.
Payout
Again, the payout in Quotex depends on your account type. And, your account type is determined by your account balance.
Does your Quotex account balance read anything below $1,000? Then your payout in Quotex will not exceed 90%. If you have $1,000 or more, then you will get up to 92% ROR and if you have $5,000 or more, then your payout will be 95%.
A Real Account or a DEMO Account! Which One Should You Open in Quotex.
All three account types (Standard, pro, and VIP) mentioned above are real accounts, meaning you will need real money to trade with them.
A demo account on the other hand is a special account type offered for FREE by the broker with virtual cash to be used for training.
If you open an account in Quotex, you will get $10,000 virtual money in your account which you can use to learn how to trade. One thing to note though, you can not withdraw profits earned on a DEMO account.
For that, you will need to fund your account and use a real account.
Here are some other key differences between the two accounts:
1). A real account requires you to deposit at least $10 to begin trading. A DEMO account on the other hand is FREE and does not require you to deposit anything.
2). A real account allows you to withdraw all your profits. A DEMO account on the other hand is merely for practice and you can not withdraw earnings.
3). DEMO accounts are risk-FREE accounts because you will not be using your money to trade. Real accounts on the other hand are risky because you will be trading with your money and you can lose everything.
How to Register a DEMO account in Quotex
To register a DEMO account in Quotex, follow these steps:
1. Click on the “Open account” button on the main homepage.
2. Complete the required fields and click on the “Register” button.
It’s that simple. Your account will be created in a blink of an eye.
Now that you have registered a DEMO account in Quotex, here are some tips that will help you start trading successfully:
- Always use money management strategies when trading in any market because there is always the potential for loss.
- Make sure to read up on basic trading concepts so that you can understand how markets work and make informed decisions when trading.
- Make sure to keep track of your portfolio position and trade only when you believe that you have obtained a good value for your investment.
- Always consult with an experienced trader and most importantly, do not invest money you can not afford to lose.
FEES
Interestingly, Quotex does not charge any fees either on trades placed on the platform, on deposits, or on withdrawals. And, the user interface of the platform is simple and easy to use, making it an excellent choice for beginners.
The minimum trade amount is $10, and the trading conditions on the platform are excellent for beginners.
Markets
1). Stocks.
One of the main assets that are available to trade in Quotex is stocks.
You can trade stocks for all the major brands in the U.S., Canada, and Europe.
2). Currency Pairs.
Other than stocks, you can also trade currency pairs on the Quotex platform. For example, you can trade all the majors, minors, and some exotics.
The minimum trade amount at Quotex is $1, which makes it a good option for traders who want to invest small amounts of money. You also have the option of funding and withdrawing money from your account with Bitcoin or Ethereum, which makes Quotex a versatile trading platform.
3). Crypto
If you’d rather trade anything else than currency pairs and stocks, then you should trade crypto.
Some of the crypto that you can trade in Quotex include Bitcoin, Litecoin and Ethereum
4). Commodities.
These are things like Gold, Silver, UKBrent, and USCrude Oil.
Mobile Apps
Quotex is a mobile app that allows traders to place trades anywhere, anytime. You can download the app here. Plus, its just as simple to use as the website.
How to Trade in Quotex
In case you are not familiar with Quotex, follow this guide to help you get started in Quotex.
1). Choose an Asset to Trade.
Quotex has over 100 assets that you can choose to trade. And the best part is, you can even trade on weekends. Some of the most popular assets to trade for beginners include EUR/USD, and GBP USD, among other majors and minors.
See the image below to learn where to find assets in Quotex.
2). Choose Your Prefered Chart Type.
Quotex has 4 different chart types. Bar chart, Heinken Ashi, Japanese candlesticks, and area charts.
The most commonly used chart in trading is the Japanese candlestick because it shows so much information and data necessary for making the right decision.
See the image below for a guide on how to change chart types.
3). Chart Timeframe
This relates to the amount of time it takes for 1 candlestick to form in a chart. If you choose a timeframe of 1 minute then it means that every candlestick in the charts will be formed in 1 minute.
Depending on your trading strategy you can set timeframes of between 5 seconds and 1 day in Quotex.
4). Choose Your Preferred Trade Duration.
Trade duration refers to how long it takes for open trade to expire.
In Quotex you can set your trade duration to 15 seconds, 1 minute, 4 hours even. But the most preferred trade duration for binary options trading is between 1 minute and 30 minutes.
5). Choose the Trade Amount.
Have I already mentioned that the minimum trade amount in Quotex is $1?
Yes, you can open a trade in Quotex with as little as $1. if you are not sure where to place the trade amount, check the image below.
6). Trade UP or DOWN.
Because the trades opened in Quotex are options types of deals, you will need to click either the UP or down button after setting all the parameters.
If you click on the UP button, it means that you are predicting that after the specified duration the value of the asset you are trading should be high.
Conversely, you will be predicting that the value of the asset you choose to trade will fall at the determined expiry time.
Quotex Bonuses
As a trader on the platform, you will also get trading bonuses from 20% to 100%. Though the 100% deposit bonuses aren’t so common, they are available and Quotex will double your deposit regardless of the amount.
What are the Minimum Trade Amount in Quotex?
In Quotex, you can trade with a minimum trade amount of $1 and as mentioned earlier, the trading conditions in Quotex are generally favorable.
For example, trade execution in Quotex is fast and withdrawals are processed on the same day.
How to Deposit
To deposit money to your Quotex account, you will need to navigate to the “Deposit” section of the website and input the details of your bank account, crypto, or e-wallet. Once you have completed the process, your funds will reflect immediately.
The minimum deposit amount is $10, and there are no fees associated with making a deposit in Quotex.
How to Withdraw
Quotex allows you to withdraw money to the same method used for deposits.
You can withdraw via Bitcoin, Ethereum, and other digital currencies.
Conclusion
Quotex is a very user-friendly platform that makes it easy to get started trading Binary Options.
The minimum trade amount is set at $10, which means that even the smallest traders can join in on the fun. As far as payout and fees are concerned, Quotex doesn’t disappoint – you will receive 95% of your total trade value as soon as your trade is confirmed, and there are no hidden charges or commissions.
Start trading.
Quotex Details
