Beginners Guide to Trading in Quotex’ Qxbroker

Let me show you something. My trade results on Qxbroker, Quotex.

This is one of my recent trades on Qxbroker.

Do you see the amount and the time?

Well, I made $943.11 in 1 minute!

Don’t believe me, go watch the video on my channel. Go to YouTube and search for ‘Joon Online.’

That’s my channel.

In there, I teach you how to trade. It doesn’t matter whether you are a beginner or a pro because I share practical and profitable strategies for traders of all levels.

But that’s not why you are here.

You are here for the Qxbroker review.

And some of the questions you might be asking that need urgent answers are:

Is it legit?

Can you make money trading on Quotex?

And more…

We will answer these and more in this guide.

What is Qxbroker?

Qxbroker is also known as Quotex. 

Launched in 2019, Quotex is arguably one of the fastest growing online trading platforms.

Not to confuse you, Quotex changed its name to Qxbroker. When you visit Quotex.com, you are redirected to qxbroker.com.

They are one and the same thing.

As a trading platform, Qxbroker allows you to predict assets price movement and make money while at it.

If that doesn’t make sense yet, don’t worry, it will in a minute.

Established Year, Headquarters, Website link, Regulatory

It is a good idea to understand the background of a trading platform before you trust them with you hard-earned money.

So, when was Qxbroker established?

According to their website, Qxbroker was founded in 2019.

Quotex is owned and operated by ON SPOT LLC GROUP. 

This company has a registered address as Main Street, P.O. Box 625, Charlestown, St. Kitts and Nevis.

I am assuming that the Qxbroker headquarters as well.

In fact, its say on the footer of their website, that ‘ON SPOT LLC GROUP is the owner of the qxbroker.com domain.’

Let’s talk about the website links.

As mentioned earlier, when you visit Quotex.com, you are redirected to qxbroker.com.

There’s also another Quotex website, quotex.io. 

This address also redirects to qxbroker.com.

So, it is safe to assume that this is the main Qxbroker website; qxbroker.com.

How about regulatory oversight?

Well, from my research, Quotex is licensed and regulated in multiple jurisdictions.

This ensures compliance with local laws and protection for its clients. 

Some of these regulatory bodies overseeing Quotex include:

• Saint Vincent and the Grenadines: Financial Services Authority (FSA) 
• Seychelles: Financial Services Authority (FSA) of Seychelles 
• Mauritius: Financial Services Commission (FSC) 
• Ukraine: National Securities and Stock Market Commission (NSSMC) 
• Marshall Islands: Financial Supervisory Commission (FSC)

If you’ve read about Olymp Trade, some of these regulatory bodies will sound familiar. 

And you won’t be wrong because they deal with financial platforms.

How Qxbroker works

Trading on this platform is really simple.

a). Pick an asset. We will discuss what tradable assets are available shortly.

b). Set the trade duration. This is how long you want the trade to last. And the amount to invest in the trade.

c). Forecast where the asset’s price will be (up or down) after the trade duration.

d). You get a result. If your prediction is correct, you make a profit. And if you are wrong, you lose the invested capital.

But get this:

You don’t really own the underlying asset. 

What Qxbroker does is give you a platform to profit from the price movements of these assets.

For example, when you trade Tesla stocks on Quotex, you are not really buying the real stock.

Here, you are taking advantage of the stock market volatility. You just predict where the price of the Tesla stock will be in the next, say, 10 minutes.

And if you are correct, you get a profit.

That’s what these online trading platforms do.

And that’s how Quotex works.

Qxbroker Assets

With the legalities out of the way, let me take you through Qxbroker’s trading platform.

But before that, let’s look at tradable assets within this platform.

Inside, you trade:

• Currencies – you have access to major and minor forex pairs such as EUR/USD, and GBP/JPY. 
• Stocks – you can also trade company shares from big global brands like Tesla, Boeing, and Microsoft.
• Crypto – if you are into the Bitcoin craze, Ethereum, or any other major altcoin, Qxbroker has it.
• Commodities – you can trade Gold, Oil, Silver, among other natural resources
• Indices – the likes of Dow Jones, Oasis Index, DAX, and S&P 500, you can trade them on Qxbroker!

And again, just to repeat it:

When you trade these assets on Quotex, you are not ‘buying’ the real thing. You are not buying Boeing stock, just speculating on the price movements and making money in the process.

Make sense?

Qxbroker Trading Platform

Now that you know what you are trading, let me take you through where you will be spending most of your time.

To access Qxbroker trading platform, you need an account.

Qxbroker Sign Up

If you don’t have an account already, follow these steps to get started.

Side note:

Creating an account on Qxbroker is completely free.

Go to Quotex and click on the sign up button.

Provide your details including:

• Your country of residence
• Currency
• Email (use a valid email because you can never change it.)
• Password

Confirm that you are over 18 years of age and that you are not a citizen or resident of the US.

You can also use either your Facebook or Google account to sign up on Quotex.

When done, click register to open an account.

Qxbroker.com Login

To log into your Qxbroker account, go to qxbroker.com and click on the login button.

Enter your details, including the email and password you used to during sign up.

If you used FB and Gmail accounts, just click on the corresponding icon to sign in.

Qxbroker.com Password Reset

If you’ve lost your quotex password, use the forgot your password button to reset it.

To change you password, please enter the email address you used when registering your account

Then check your inbox for Qxbroker.com password recovery guide.

When done, login.

This is what the Qxbroker trading platform looks like.

Qxbroker Demo Account

There are two types of accounts on Quotex;

• Demo account
• Live account

Inside the demo account is where you get to practice with free money.

In fact, you get $10,000 free capital to start learning how to trade and know your way around the Qxbroker dashboard.

To swith your accounts, just click on the top right corner and choose the account you want.

And when you do, you get a confirmation.

For purposes of this tutorial, I will be using a Quotex demo account.

You might wonder, is there difference between live and demo account?

In terms of looks and functionally, there’s no difference.

The only difference comes when it is time to withdraw your earnings.

You cannot withdraw any earnings you made on the demo account. This is because you weren’t trading with real money.

We’ll talk more about live account in a minute.

As you can see, my demo account has $10K.

That means i can start trading.

How to place your first trade on Qxbroker.com

To place your first trade, first pick an asset.

To do that, click on a dropdown menu, top left corner.

And click on any asset category you want.

Then select a pair from the list.

Today, we are trading Gold!

Before you start, you can get more information about the asset by clicking on the Pair Information button.

This window gives you a ton of information you need to make an educated forecast on the asset’s price movement.

Next to the asset, you will see a small percentage.

That’s your profit.

For this Gold, the profit I stand to make if my predictions come to pass is 31%.

Now that we have an asset, the next step to trade on Qxbroker is to set the trade duration and pick an investment amount.

You can do that through the left sidebar (if you are using a PC).

First, set duration and amount:

For this trade, I want it to last 1 minute and I have invested $10.

Next, analyze the trading chart and decide whether the price will be higher or lower.

If you think the price will be higher after 1 minute, click Up (the green button).

But if your analysis says it will be lower than it is now, click down, the red button.

You can then follow the trade performance down here.

As you can see, our first trade was correct and we just made $3.10 in under 1 minute!

Yay!

Our balance moved from $10K to now $10,003.10.

Something to note.

You have two options when setting the trade duration and investment amount.

First, time;

When you click the switch time button, you can choose a specific number.

You can set duration depending on your current time.

For example, my current time as I am doing this is 20:56. 

So if I want the trade to last 4 minutes, I can just click 21:00.

Got it?

For the amount, you can use a percentage of your total capital.

For example, 1% of $10,003.10 (my current account size) is $100.03.

Qxbroker Technical Analysis

Technical analysis is every trader’s friend.

It helps you eliminate guesswork from your trades and improve confidence.

Inside, Quotex, you get access to a number of tools to aid in your quest to make accurate predictions and profit.

To access these tools, find these icons at the bottom left corner of your trading chart.

The pencil icon opens up a whole list of drawing tools you can use.

Just click on any drawing tool and it will be added to the chart.

Next, use this tab to set the chart timeframe.

If you want to switch from 1 minute chart to say 5 min chart, this is where you do it.

And if you want to change the chart type from, say, Candles to Bars, use this icon here.

And for trading indicators, use this icon.

Qxbroker gives you access to a ton of indicators.

From Alligator, Bollinger Bands, to Moving Average.

You also have Oscillatos like ADX, Aroon, Awesome Oscillator, Bears Power, and Bulls Power.

A combination of these tools can yield a powerful analysis.

For example, you can use the drawing tool to set resistance and support levels on the chart.

Then use the Alligator indicator to identify reversals.

Qxbroker Deposits and Withdrawals

So far, you’ve learned how to place your first trade on Quotex.

But there’s a problem.

If you are using the demo account, you won’t be able to make real money and withdraw.

How do we solve that?

We make a deposit!

To make real money on Qxbroker, you need to make a deposit.

How?

Click on the deposit button at the top right corner.

Next, pick a deposit method.

Qxbroker supports the following deposit methods:

• Vis/Mastercard
• Cryptocurrencies (Eth, Binance pay, BTC, TRX, among others)
• E-payments like MPESA, MoMo, and Perfect Money

Before you proceed, know that Qxbroker has a minimum deposit amount of $10.

So, pick your method and enter the amount.

If you have a valid Quotex promo code, go ahead and toggle the I have promo code button, then add it there.

Provide your first and last name.

Also, you can decide to use Qxbroker bonuses.

For example, if you deposit $300, you get a 35% deposit bonus.

Once done, click the deposit button and follow the instructions to complete the process.

Your funds will reflect almost immediately, depending on the chosen method.

Also, you should know that Qxbroker doesn’t have any deposit or withdrawal fees.

When your funds reflect, you can start trading. Just follow the steps I showed earlier.

How to withdraw money from Qxbroker.com

When you make money on Qxbroker.com, the next step is to withdraw.

To do that, click on the withdrawal.

Then follow the instructions.

By the way, you can only withdraw through the method you used to make the deposit.

This means, if you used a bank card to make the deposit, you can only request withdrawal through it.

The fundes will take 3 business days to hit your account.

And you may be required to verify your details before making a withdrawal. This isn’t something new to Qxbroker.com. 

KYC is a norm in this industry as an effort to curb money laundering and other illegal activities.

Quotex Educational Resources and Customer Support

To succeed as a trader, you need to understand the platform.

Some trading sites offer trading resources such as tutorials, strategies, and guides.

Qxbroker.com doesn’t seem to offer much of that.

This is something they need to improve on.

For support, they have a ticket section.

You can find it by clicking on the support button located at the left sidebar.

They also have an FAQ page that tries to answer most of the questions.

How to contact Qxbroker.com support

And if you can find an answer to your question, use the contact support section.

Go to https://qxbroker.com/en/support/create and select a subject.

Then follow the instructions to submit your inquiry.

Qxbroker.com Mobile App Download

Besides the web interface, you can also trade on quotex right on your phone.

There’s an android and iPhone Qxbroker app.

• Click here to download the android app
• Click here to download the iOS app

Qxbroker.com banned countries

Unfortunately, Quotex is not accessible in every country. Here are some of the banned countries:

• USA
• Canada
• Hong Kong
• EEA countries
• Israel
• Russia

Why? 

Probably regulatory and tax issues.

Qxbroker Pros and Cons

Quotex isn’t perfect!

That’s what I feel and other users.

There are mixed feelings about this platform.

This user feels different:

And this guy had a different experience.

So, based on my experience and other reviews I found online, here are the pros and cons of Quotex:

Pros:

1. User-friendly interface that’s easy to navigate, especially for beginners
2. Fast deposits and withdrawals, often processed within hours
3. Wide range of assets available for trading
4. Offers demo accounts for practice without risking real money
5. Good selection of technical analysis tools and indicators
6. Provides educational resources for traders
7. Competitive payout rates (mentioned up to 90% profit share)
8. Offers tournaments, some with free entry
9. Mobile-compatible platform
10. Multiple payment options, including cryptocurrencies
11. Responsive customer support (according to some reviews)

Cons:

Some users report delayed deposits or withdrawals not being credited to their accounts

• No phone support is available, only ticket-based system
• Trading is not allowed in certain countries (e.g., Canada), but some users reported being able to deposit before having their accounts closed
• Some users report poor customer service experiences
• Lack of ability to convert currencies within the app during live trading
• Digital options trading inherently carries high risk, which is a concern for some users

As always, trading carries risks!

Only invest what you can afford to lose.