Quotex Review 2026
Quotex is suitable for beginner traders who value simplicity and low costs. It may also be useful for those who prefer binary options trading and are looking for a basic web platform.
- Quotex is trusted. Tested via live trading.
- 35 reviews about Quotex
- Quotex №1 in the binary options brokers list
Highlights of Quotex
Quotex is a broker aimed at traders who are looking for a simple and easy-to-use web platform without additional commissions.
The platform is especially suitable for beginner traders due to the availability of a demo account and 24/7 technical support. The trading start conditions are favorable for beginners and the minimum deposit and withdrawal amount is only $10, making Quotex an affordable broker for most users.
Pros and Cons of Quotex
Pros
- No trading fees.
- Good selection of deposit and withdrawal methods.
- A convenient and functional web platform with various tools for technical analysis.
- 24/7 support with a quick response time.
- The opportunity to participate in tournaments with a prize pool.
Cons
- Lack of regulation.
- No desktop and iOS platforms.
- Sparse analytics.
Quotex reviews
Quotex
What traders talk about
Support fixed a missing deposit quickly
Mobile app is decent, demo helped a lot
Fast crypto cashflow, just mind the approval time
Crypto funding worked better than cards
Do verification early if you want smooth withdrawals
Leave a review of your experience:
Quotex Broker Overview
| Parameter | Quotex |
|---|---|
| Foundation Year | 2019 |
| Official Website | https://qxbroker.com |
| Regulated in Countries | — |
| Minimum Deposit |
|
| Spread | from 0 points |
| Max Leverage | 1:1 |
| Trading Assets |
|
| Trading Platforms |
|
| Social Media |
Founded in 2019, the Quotex trading platform quickly made its mark in the binary options and other financial instruments market. Since its inception, the company has been actively developing, drawing the attention of both novices and experienced traders alike.
The Quotex team comprises highly qualified professionals with over 200 years of combined experience in development and finance. This expertise has enabled them to create a product that meets the demands of the modern trader and offers a range of unique opportunities.
The company's primary mission is to make financial instruments accessible to the broadest possible audience. The platform offers over 400 free trading tools, including currency pairs, stocks, metals, oil, gas, and even cryptocurrencies.
Quotex is in the top 10 of the following ratings:
Quotex Review Summary
Reliability and Regulation
Quotex looks like a risky option in terms of reliability: the broker does not hold licenses from major regulators, and the company is registered in Saint Kitts and Nevis. There are some positives, but weak regulation remains the key drawback.
Advantages
- The legal entity is disclosed: ON SPOT GROUP LLC.
- The website publishes the main legal documents and risk warnings.
Disadvantages
- No licenses from major financial regulators.
- The company is registered in an offshore jurisdiction — Saint Kitts and Nevis.
In our review, we apply a rigorous and reasoned evaluation methodology to provide you with the most accurate and objective portrayal of the Quotex broker's operations. This methodology analyzes various aspects such as platform functionality, customer support quality, trading conditions, transparency, and many other criteria.
You can familiarize yourself with our broker evaluation methodology to understand how we conduct our assessment and what criteria we consider.
We aim to deliver a comprehensive and detailed analysis so you can make an informed choice. We aim to provide you with all the necessary information for thriving and secure trading.
Now that you know how we evaluate brokers, we invite you to read our review further. Discover all the details about Quotex and determine whether this broker is the right choice for you.
Reliability and Regulation
| Legal Entity | Regulator |
|---|---|
| — |
Quotex cannot be classified as a broker with a high level of reliability. The company’s website states that the brand belongs to ON SPOT GROUP LLC, registered in Saint Kitts and Nevis. At the same time, Quotex does not have licenses from major financial regulators, which lowers the level of trust in the platform.
In case of disputes, the client does not have the protection usually provided by regulated brokers: the company operates in an offshore jurisdiction, and no information is provided about compensation mechanisms for clients. Therefore, when working with Quotex, it is important to take the increased risks into account.
At the same time, the company has some positive aspects. Quotex discloses its legal entity, publishes the main documents on the website, warns about risks, and provides a demo account for getting familiar with the platform. This does not replace full regulation, but it does make the company’s operations somewhat more transparent for users.
Also, check if Quotex is legal in your country:
Account Opening
The account opening process on the Quotex platform is one of the simplest and quickest in the market. Registration takes a minimum of time and requires only a small amount of personal information.
Registration
To open a trading account, you need to fill out a registration form that requires:
- to specify your email,
- to create a password,
- to select the currency of the trading account,
- confirm that you are over 18 and have read the client agreement.
For user convenience, registration is also possible through Facebook or Google accounts, which speeds up the process and makes it even more user-friendly.
It is important to note that Quotex services are not available to residents of several countries, including the USA, Canada, Hong Kong, countries of the European Economic Area, and Russia. Registration is also prohibited for individuals under the age of 18.
Trading Account Currencies
Quotex offers a wide selection of currencies for your trading account. This provides flexibility for traders from different countries. After registration, the account currency can be changed.
Currency Name | Ticker |
|---|---|
US Dollar | USD |
Euro | EUR |
British Pound | GBP |
Brazilian Real | BRL |
Indonesian Rupiah | IDR |
Malaysian Ringgit | MYR |
Indian Rupee | INR |
Kazakhstani Tenge | KZT |
Russian Ruble | RUB |
Thai Baht | THB |
Ukrainian Hryvnia | UAH |
Vietnamese Dong | VND |
Nigerian Naira | NGN |
Egyptian Pound | EGP |
Mexican Peso | MXN |
Japanese Yen | JPY |
Bangladeshi Taka | BDT |
Verification
After registering on the Quotex platform, you will need to complete your profile by providing the following personal information:
- First Name
- Last Name
- Date of Birth
- Country
- Address
You will receive an email notification and SMS alert if necessary for verification. The company will use only your contact details (email address and phone number) at registration. Therefore, it is essential to provide only accurate and current information.
The verification process takes no more than 5 working days from the receipt of the requested documents. This is a standard term; in most cases, verification proceeds quickly and without problems.
Minimum Deposit
The minimum deposit on the platform is only $10. This amount is among the lowest in the market, allowing beginners and experienced traders with limited budgets to enter trading quickly.
Account Types
The broker offers a high maximum profit percentage and flexible trade limits, but a limited expiration time range may not meet the needs of all traders. Some binary options brokers provide longer expiration terms, up to the end of the day or even up to 3 months.
These factors make Quotex a competitive solution in the binary options market for short-term trading but may limit its appeal for those seeking longer investment horizons.
Binary Options
Binary options are derivative financial contracts based on various underlying assets, such as currency pairs, stocks, or commodities. Quotex also offers digital options, a non-standard option allowing traders to profit from asset price movements.
Quotex allows you to trade digital options under the following conditions:
| Options Type | — |
|---|---|
| Trading Assets |
|
| Expiration times | 1 minute - 4 hours |
| Profitability | 20-91% |
| Minimum Trade | $1 |
The option's expiration time can be set to a specific time - in increments of 1 minute and up to 4 hours from the current time or set the duration of the trade (from 1 minute to 4 hours).
In the event of a successful trade, the payout is permanently fixed. The risks are limited only to the amount invested in the option, making this instrument relatively safe for traders.
Demo Account
The Quotex demo account provides a unique opportunity for traders to familiarize themselves with the trading platform's functionality without the risk of losing real funds. This account is entirely free and designed to demonstrate all the possibilities offered by the platform.
Quotex, a digital options broker, provides $10,000 for practice on the demo account. The demo account can be replenished at any time.
Account Levels
Quotex offers various account levels, each offering unique benefits and conditions for traders.
Account Level | Access | Yield Percentage | Extras |
|---|---|---|---|
Standard | Immediately after registration | Basic percentage +2% | - |
PRO | Balance from $3,000 | Enhanced percentage +4% | Promo codes from Market in newsletters and promotions |
VIP | Balance from $5,000 | Enhanced percentage +4% | Promo codes from Market in newsletters and promotions |
An account level depends on your experience, balance, and trading needs. Each level offers benefits, from increased yield percentages to exclusive promo codes.
Tournaments
Quotex trading platform tournaments offer a unique opportunity for traders to compete against each other and win valuable prizes. In a tournament, each participant is provided with a particular tournament account with an equal amount of conditional units. The goal of each participant is to increase this balance by trading within the tournament.
Each tournament may have its entry fee, which directly affects the size of the final prize pool. There are also tournaments with free participation on the platform sometimes.
Prize funds are credited to the participant's account within a day after the tournament ends.
The winner is the participant who has the most significant amount on the tournament account at the end of the tournament.
Tournaments on Quotex offer an excellent opportunity to test your trading skills in a competitive environment and win valuable prizes. This adds an element of excitement to the trading process, making it even more attractive.
Quotex Market and Bonuses
The Quotex market offers various promo codes and bonuses that can significantly enhance your trading experience and increase your earning potential. Here are some of them:
Trade Cancelation. The promo code allows you to cancel a losing trade. Only unhedged trades whose amount does not exceed the maximum for your promo code can be canceled.
Cashback. Compensation of a certain percentage of the loss. Valid during the promo code term.
Deposit Bonus. Additional funds on deposit. The bonus size depends on the promo code and can be 10% to 80%.
Turnover Percentage. A return of a certain percentage of funds for each opened trade.
Balance Bonus. The ability to instantly transfer bonus funds to the balance.
Cancellation in X points. Automatic cancellation of losing trades with a difference of a few points. Your promo code determines the number of points.
Commissions
Quotex offers excellent conditions for traders, charging no trade commissions or spreads. This significantly reduces trading costs and increases potential profit. Moreover, there are no fees for depositing or withdrawing funds, which makes financial operations on the platform even more attractive.
No Trading Commissions
Unlike most Forex brokers, Quotex does not charge trade commissions or spreads. This means that traders can save considerable funds, increasing their potential profit.
No Fees for Deposits and Withdrawals
The company also does not charge fees for account deposits or withdrawals, making the process even more economically advantageous for clients. However, it should be remembered that payment systems may set their fees and use an internal currency conversion rate.
Quotex Earning Model
Many may wonder, "How then does Quotex earn money?". The answer is simple: the primary income for Quotex is the trading outcomes of its clients. If traders' deals are unsuccessful, the funds go to the broker.
Despite this, Quotex prioritizes the success of its clients, offering quality service, educational materials, and other services to attract and retain customers.
Risks
It is important to remember that trading binary options is always associated with risks. Every trader should know these risks before starting to trade on the platform.
Deposit and Withdrawal
Quotex offers various methods for depositing and withdrawing funds, including bank cards, electronic payment systems, and cryptocurrencies. The minimum deposit is $10, and the deposit and withdrawal conditions generally look quite accessible for beginner users. At the same time, it is important to understand that withdrawal processing times depend not only on the company, but also on the chosen payment method.
How to deposit funds?
Open the trade execution window and click the “Deposit” button.
Choose the deposit method that is convenient for you.
Specify the account currency and deposit amount.
Fill in the payment details and make the payment.
Deposit Methods
| Payment System | Currencies | Deposit Fee | Operation Limit |
|---|---|---|---|
| FKWallet | USD | 0% | from 10 to 149 USD |
| Binance Pay | USD | 0% | from 10 to 52626 USD |
| Visa | USD | 0% | from 20 to 599 USD |
| Mastercard | USD | 0% | from 20 to 599 USD |
| Cryptocurrency | Blockchain | Deposit Fee | Operation Limit |
|---|---|---|---|
| USDT (Tether) | ERC20 | 0% | from 10 USD |
| USDT (Tether) | TRC20 | 0% | from 10 USD |
| USDT (Tether) | BEP20 | 0% | from 10 USD |
| USDT (Tether) | Polygon | 0% | from 10 USD |
| USDC (USD Coin) | ERC20 | 0% | from 10 USD |
| USDC (USD Coin) | TRC20 | 0% | from 10 USD |
| USDC (USD Coin) | BEP20 | 0% | from 10 USD |
| BTC (Bitcoin) | BTC | 0% | from 50 USD |
| ETH (Ethereum) | ERC20 | 0% | from 50 USD |
| BNB (Binance Coin) | BEP20 | 0% | from 10 USD |
| LTC (Litecoin) | LTC | 0% | from 10 USD |
| BCH (Bitcoin Cash) | BCH | 0% | from 10 USD |
| TRX (TRON) | TRC20 | 0% | from 10 USD |
| DASH (Dash) | DASH | 0% | from 10 USD |
| MATIC (Polygon) | Polygon | 0% | from 10 USD |
| DOGE (Dogecoin) | DOGE | 0% | from 10 USD |
| XRP (Ripple) | XRP | 0% | from 10 USD |
| DAI (Dai) | ERC20 | 0% | from 10 USD |
| SHIB (Shiba Inu) | ERC20 | 0% | from 10 USD |
| UNI (Uniswap) | ERC20 | 0% | from 10 USD |
| AVAX (Avalanche ) | Avalanche | 0% | from 10 USD |
| APE (ApeCoin) | ERC20 | 0% | from 10 USD |
| TON (Toncoin) | TON | 0% | from 10 USD |
| ZEC (Zcash) | ZEC | 0% | from 10 USD |
| DOT (Polkadot) | DOT | 0% | from 10 USD |
How to withdraw funds
Withdrawals are made through the personal account area. As a rule, Quotex uses the same withdrawal method that was used for funding the account. The minimum withdrawal amount is from $10 for most payment systems and from $50 for cryptocurrencies. Usually, no additional documents are required, but when withdrawing large amounts or at the company’s request, verification may be needed.
On average, withdrawals take from 1 to 5 days, although the company tries to process requests faster. At the same time, the legal documents state that a decision on a withdrawal request is made within 7 days, and in some cases the period may be extended to 14 days.
The broker usually does not charge a withdrawal fee, but starting from the third withdrawal in one day, a 3% fee may be charged.
Withdrawal methods
| Payment System | Currencies | Withdrawal Fee | Operation Limit |
|---|---|---|---|
| FKWallet | USD | 0% | from 10 USD |
| YooMoney | RUB | 0% | from 10 USD |
| Binance Pay | USD | 0% | from 10 USD |
| Visa | USD | 0% | from 20 USD |
| Mastercard | USD | 0% | from 20 USD |
| Cryptocurrency | Blockchain | Withdrawal Fee | Operation Limit |
|---|---|---|---|
| USDT (Tether) | ERC20 | 0% | from 50 USD |
| USDT (Tether) | TRC20 | 0% | from 50 USD |
| USDT (Tether) | BEP20 | 0% | from 50 USD |
| USDT (Tether) | Polygon | 0% | from 50 USD |
| USDC (USD Coin) | ERC20 | 0% | from 50 USD |
| USDC (USD Coin) | TRC20 | 0% | from 50 USD |
| USDC (USD Coin) | BEP20 | 0% | from 50 USD |
| BTC (Bitcoin) | BTC | 0% | from 50 USD |
| ETH (Ethereum) | ERC20 | 0% | from 50 USD |
| BNB (Binance Coin) | BEP20 | 0% | from 50 USD |
| LTC (Litecoin) | LTC | 0% | from 50 USD |
| BCH (Bitcoin Cash) | BCH | 0% | from 50 USD |
| TRX (TRON) | TRC20 | 0% | from 50 USD |
| DASH (Dash) | DASH | 0% | from 50 USD |
| MATIC (Polygon) | Polygon | 0% | from 50 USD |
| DOGE (Dogecoin) | DOGE | 0% | from 50 USD |
| DAI (Dai) | ERC20 | 0% | from 50 USD |
| SHIB (Shiba Inu) | ERC20 | 0% | from 50 USD |
| APE (ApeCoin) | ERC20 | 0% | from 50 USD |
| TON (Toncoin) | TON | 0% | from 50 USD |
| AVAX (Avalanche ) | Avalanche | 0% | from 50 USD |
| UNI (Uniswap) | ERC20 | 0% | from 50 USD |
| XRP (Ripple) | XRP | 0% | from 50 USD |
| ZEC (Zcash) | ZEC | 0% | from 50 USD |
| DOT (Polkadot) | DOT | 0% | from 50 USD |
Markets and Products
Compared to competitors, the choice of instruments at Quotex still cannot be called maximum, but the offer now looks noticeably broader than before. The platform provides currency pairs, metals, energy commodities, indices, stocks, and cryptocurrencies, so the basic trading opportunities are already quite sufficient.
What markets are available?
| Broker | Olymp Trade | QuotexCurrent broker | Binomo |
|---|---|---|---|
| Forex | 28 | 41 | 28 |
| Precious Metals | 2 | 2 | 2 |
| Energy Carriers | 1 | 2 | 1 |
| Indices | 11 | 13 | 5 |
| Stocks | 33 | 8 | 28 |
| ETF | 6 | — | — |
| Cryptocurrency | 19 | 17 | 6 |
At the moment, Quotex offers currency pairs, commodities, indices, stocks, and cryptocurrencies on its platform. This makes the asset selection more diverse and removes one of the broker’s former drawbacks — an overly limited set of instruments.
Currency pairs are the most widely represented at Quotex, and the indices and cryptocurrencies sections also look fairly decent. At the same time, the choice of stocks remains rather limited, and ETFs are not available on the platform. Therefore, in terms of product range, the broker still trails some competitors, but for digital options trading, the current set of assets can already be considered quite workable.
It is also worth noting that a significant share of instruments on the platform is presented in OTC format. This is common practice in the digital options segment, but traders who prefer only classic exchange-traded instruments may find this feature less suitable.
Trading Platforms
The Quotex web platform is quite functional and user-friendly, offering various technical analysis and trading tools. However, limiting only web and Android versions reduces the overall rating. The absence of desktop and mobile versions can be a significant disadvantage for traders who prefer various options for accessing the trading platform.
Quotex Platform
The Quotex web platform has several advantages, making trading and technical analysis convenient. To the left of the chart is a sentiment scale, which can be helpful when making trading decisions. The trading terminal has intuitive buttons on the right for selecting the trade direction (up or down), expiration time, and investment amount.
The platform for trading digital options also allows setting pending orders.
There are 23 tools available for drawing, including support and resistance levels, trend lines, Fibonacci levels, Gann angles, and various figures of technical analysis such as triangles, rectangles, double tops, etc.
Additionally, you can use 11 trend indicators, including the Alligator, Bollinger Bands, and other moving averages, and 18 oscillators: Stochastic, RSI, MACD, and so forth.
Despite these advantages, the lack of desktop and mobile platform versions can be a limiting factor for some traders.
Analytics
The “Analytics” section on the Quotex platform offers basic tools for evaluating one’s own trading. Users have access to trade statistics, trading signals, and additional risk control functions. This is enough for general performance monitoring, but the broker does not offer full analytical materials, market reviews, or expert analytics.
Trade Statistics
In the "Analytics" section on the Quotex platform, traders can find extensive trade statistics. These data include general information about the number of trades, profitable trades, average profit, and other vital indicators. However, it is essential to note that this statistic is only available for the real account; information for the demo account is not provided.
Trading Signals
Furthermore, the platform is equipped with a trading signals feature. These signals are recommendations from analysts and have a time frame for relevance. They are not direct instructions for trading but can help make trading decisions. Nevertheless, it is essential to remember that signals do not replace independent market analysis and do not guarantee success.
Risk Management
The Quotex platform also includes a Risk Management tool that helps limit losses during the day. A user can set a daily loss limit, and once this level is reached, trading is automatically paused until the next day. This tool can be useful for controlling emotions and maintaining trading discipline.
The flexibility of the settings can be considered an advantage of this function: the limit can be changed or completely disabled at any time through the account settings. At the same time, the restriction does not interfere with profitable trading, as it applies specifically to losses rather than to all activity on the account.
Education
The broker does have an educational section, but its capabilities are limited. Users have access to basic reference materials, answers to frequently asked questions, and articles on general trading topics. This may be enough for a first introduction to the platform, but such materials are not very suitable for systematic learning.
Blog and QX Academy
Quotex has a blog and a QX Academy section where articles are published on basic topics such as terminology, strategies, indicators, and risk management. This can be considered a plus in terms of reference support for users, but in terms of depth, this format still does not replace полноценные courses, webinars, and systematic education.
Customer Support
The customer support service operates 24/7, as confirmed by positive client reviews. A quick response and effective problem resolution are noted. However, communication channels are limited: there is only a form to create a ticket in the personal cabinet, and detailed contact information is lacking on the website. This could cause certain inconveniences for users who prefer other methods of communication.
Contact Information
The "Contacts" section on the official website lacks specific information regarding working hours and contact details, apart from a feedback form. Users can create a ticket to contact the support service in the client area.
Reviews of Quotex Support
The technical support on the Quotex platform is noteworthy. According to reviews on TrustPilot, the support service operates around the clock and responds quickly. This is especially valuable for traders who may encounter issues at any time of the day. Clients also note the fast withdrawal process, even on weekends.
Conclusion
Quotex is an exciting choice for traders seeking a simple and functional web platform without additional commissions. The broker is especially suitable for beginner traders, thanks to the availability of a demo account and 24/7 technical support. These are good starting conditions to start trading.
FAQ
What is Quotex?
Quotex is an online trading platform focused mainly on digital or binary options. It offers web and mobile access, plus demo trading.
Is Quotex legit?
Quotex is a real trading platform, but it does not have recognized financial regulation. Because of this, users should be cautious and carefully assess the risks before using it.
Is Quotex a trusted broker?
Quotex is not regulated by major financial authorities, and we do not recommend trading with unregulated brokers. Lack of regulation increases risks related to fund safety and withdrawals.
Is Quotex - scam or not?
We cannot state this as a fact without official regulator/court decisions, but in our assessment Quotex is a high-risk platform with signs of low transparency (limited clarity around regulation/accountability and weaker support predictability).
Which country is Quotex from?
Quotex is operated by ON SPOT GROUP LLC, which is registered in Saint Kitts and Nevis, a Caribbean island nation.
How does Quotex make money?
Quotex makes money through the difference between the payout percentages and the loss percentages on trades. For example, if a trader loses a trade, Quotex keeps the invested amount. If a trader wins, Quotex pays out a percentage of the invested amount, which is always less than 100%.
Is Quotex good for beginners?
Yes, Quotex can be a good platform for beginners. It offers a user-friendly interface, a demo account for practice, and a low minimum deposit. However, beginners should always educate themselves about the risks involved in trading and start with small investments.
Does Quotex offer a demo account?
Yes, Quotex offers a demo account that comes preloaded with virtual funds. This allows traders to practice and test strategies without risking real money. The demo account provides access to all the features and assets available on the real platform.
How can I open an account with Quotex?
To open an account with Quotex, visit their website and click on the "Sign Up" button. Fill in the required personal information, choose your account currency, and agree to the terms and conditions. You'll need to verify your email address to activate your account.
How can I delete my Quotex account?
To delete your Quotex account, you need to contact their customer support team. You can do this through the ticket in the client area. The support team will guide you through the account deletion process.
What is the minimum deposit for Quotex?
The minimum deposit for Quotex is 10 USD. This low minimum deposit makes it accessible for traders with smaller budgets.
How do I deposit funds in a Quotex account?
To deposit funds into your Quotex account, log in and click on the "Deposit" button. Choose your preferred payment method, such as credit/debit card, bank transfer, cryptocurrency, or e-wallet. Follow the instructions to complete the transaction. Deposits are usually instant, except for bank transfers which may take a few business days.
How do I withdraw money from Quotex?
To withdraw funds from Quotex, log in to your account and click on the "Withdraw" button. Choose your preferred withdrawal method and enter the amount you wish to withdraw. You may need to verify your identity before your first withdrawal. Withdrawals are processed within 24 hours, but it may take a few business days for the funds to reach your account, depending on the payment method.
