Is Quotex a good option for digital options trading?

June 16, 2021June 16, 2021 blogger

Quotex is an off-shore digital options broker established in 2020. Based in the Seychelles, it is owned by the company Awesomo Ltd and regulated by the International Financial Markets Regulatory Center (IFMRRC). This means that it is not regulated by any national governmental entity, such as the the United Kingdom´s FCA, CySEC of Cyprus, or the SEC of the United States.

Quotex´s IFMRRC license number is TSRF RU 0395 AA V0161.

Examples of services offered by Quotex

Digital options
Market signals
Copy trading
Technical analysis tools

The platform

Quotex have their own proprietary platform. There is no need to download and install it, as you can access it directly in the browser window.

The platform is clean and easy to navigate.

You can try out the Quotex platform risk-free by getting a Demo Account. You will be given free play-money and can use them to make play-money trades. This is a great way to find out if you like the platform and learn how to use it. You can also use the play-money to try out various trading strategies without risking any real money. With a Demo Account, you have access to play-money trading, technical analysis tools and indicators. The range of tradeable underlying assets is limited.

Binary options

Buying a binary option here is easy, since you simply select the option, up/down, time-span and then enter the amount you wish to invest. This gives you a lot of flexibility.

Time spans

Binary options are available for a lot of different time spans at Quotex. The quickest ones will expire 1 minute from your purchase. The most long-term ones last for 1 month.

Underlying assets

Digital options are available for well over 400 different underlyings, including:

Foreign currency
Cryptocurrency
Stock indices, such as FTSE100 and Dow Jones
Commodities, such as gold, silver and oil

Can I get exposure to currency and cryptocurrency at Quotex?

Yes, the binary options assortment at Quotex can be used to gain exposure to a wide range of currency pairs and cryptocurrencies. Both major, minor and exotic currency pairs are represented, alongside cryptos such as Bitcoin and Ether.

Account types

Demo Account (play-money)

With a Demo Account, you can use play-money to explore the trading platform and try out different strategies Trading, technical analysis tools, and signals are available. Getting a Demo Account is free and no deposit is required.

Standard Account (real-money)

This is the most common account type for real-money trading at Quotex. You only need to make a minimum deposit to get started with real-money trading at Quotex using a Standard Account.

Pro Account (real-money)

With a Pro Account, a 2% increase in profitability percentages is applied on all instruments. For more details about how this is calculated, contact Quotex. The Pro Account require an account balance of at least £1,000. When you have a Pro Account, you will receive special Pro campaign codes.

VIP Account (real-money)

An account balance of at least £5,000 is required to qualify for a VIP Account. A 4% increase in profitability percentages is applied on all instruments. For more details about how this is calculated, contact Quotex. When you have a VIP Account, you will receive special VIP campaign codes.

Technical analysis tools

You can view data on multiple graphs. Time frames available from 5 seconds to 1 day.
9 indicators available
15 drawing tools included in the platform

Costs

Always check the details, because the spreads and commission rates vary depending on factors such as account type, liquidity and time of trade.

The Quotex platform will automatically display a profit percentage figure after you set the expiration time for your binary option. You will therefore know the profit in advance, should your binary option end in the money.