Quotex 2020 Review

Quotex is a brand exists under the management of Awesomo Ltd, which is registered in the Seychelles. It is a regulated broker by the International Center, which deals with the regulation of relations in various financial markets. The regulator obliges the company to join the ond. Which will cover the likely losses of customers associated with the liquidation of the company, which provides brokerage services. The license to operate was not issued until the end of 2020.

It’s no secret that many companies exclude customers from the U.S., Canada and Hong Kong as clients of the company, Quotex allows opening individual accounts for the citizens of these countries with the condition that the account is funded by cryptocurrency transactions.

Trading platform

Registration as a trader is quite simple, immediately after depositing your account you can start working.

The work process is quite simple, you just need to select the asset, market directions, the amount of investment and the time of the end of the transaction (hours, minutes, seconds).

Before opening a deal, it is possible to determine the current trend, thanks to several timeframes. þo is also available for market analysis, the company offers to use the nine built-in indicators and about fifteen tools for drawing charts. Using all this functionality, it is easy enough to predict the behavior of the market.

It is a popular trend, especially for beginners, to copy trades of more successful trades, it will help you to earn and to watch the current trends. There is a table with the list of twenty best traders of the day. If you choose to trade on your own, you’ll find a wealth of trading signals including recommendations from leading analysts about assets, market directions, and the duration of any particular signal.

The company operates solely on its own platform with no third party developers, such as Metatrader.

Markets

Over four hundred assets are offered for working with options:

Currency pairs – 27 pairs.

Digital currencies – Bitcoin and three altcoins.

Top indices of world exchanges – 15 positions

Commodities – precious metals, crude oil and others.

Fees

The percentage of profit is set by the company and depends on the number of economic events, the current popularity of the asset, and other factors. For example, the euro / dollar currency pair rate is offered for 70 percent, which means that the client who has opened a deal for $1,000 will receive $1,700 on the results of the transaction.  At the same time, there are no commissions for trading operations at the broker.

Leverage

Quotex does not work with leverage, it slightly reduces the level of income, but it is considered the best option to minimize the risks. This can scare away new clients, or rather traders with minimal experience.

Mobile Applications

The company does not offer downloadable software for mobile devices. It is worth noting that this does not limit the use of mobile devices, you can use the browser-based platform from any device. This helps traders to use trading opportunities from anywhere in the world with any device with an internet connection.

Payment Methods

Formal. The minimum deposit amount is $10, but in fact, it makes no sense to invest less than that. This broker does not take payment for depositing funds by the client on his trading account. And payment can be made in cryptocurrency, by bank card or by bank transfer.

Withdrawal of funds is possible from ten dollars, except for transactions in BTC, where the minimum starts from 50 dollars. If the amounts are small, the company does not check withdrawals in manual mode. On average, the withdrawal time does not exceed five days, more often it fits in one day. The period of withdrawal from 1 to 5 days. The company tends to make payments the same day when the withdrawal request is submitted.

Demo account

No one is surprised by this nowadays, the amount of virtual money is small – 10000 dollars, however, it will be enough to test the capabilities of the platform and one’s skills. The client gets access to all assets, the conditions are similar to the real market ones.

Bonuses

Each beginner receives a 40 percent bonus on the first deposit, it is a good opportunity to save. In this way, the company attracts large funds from customers. Periodically, the company conducts promotions, there is always information about it on the company’s website.

Accounts

One trading account is enough, so believe in Quotex. This allows each client to be on an equal footing and enjoy the same benefits. Account currency by choice: Brazilian real, Russian rouble, Ukrainian hryvnia, Euro or American dollar.

Support service

Available three ways of contacting the client support team, this form on the website, chat or email.

Security

The company is always working to provide maximum security for its clients, strictly follows the privacy policy and never disclose personal information of its clients.

Conclusion

Quotex is a broker with specialization – digital options. The platform is own and very clear and convenient with the possibility of copy-trading and the provision of trading signals. The deposit to start – $10, but there is an incentive to start with a larger amount and get a bonus +40 percent on the account. A large selection of assets will attract many new clients.