Are you looking for the latest Quotex review?
You’ve come to the right place.
I have been using this platform for over two years now. That puts me in a unique position to give you my unbiased opinion.
Don’t believe me?
Here’s a screenshot of my recent trading outcome.
- Trade with $1
- Earn up to 98% profits
- Fast deposits and withdrawals
- $10 minimum deposit
- $10 minimum withdrawal
In fact, I wrote an article on how I intended to make one million Kenyan shillings trading on Quotex (you can read it here).
So, if you are new to this online trading platform, I will share everything I know with you.
Let’s get started, shall we?
What is Quotex?
Quotes is an online trading platform based in Seychelles.
It gives you access to various trading tools and assets, which if you know what you are doing, can make you money online!
To access it, you have two options.
Using your smartphone.
Here, you need to download an app.
- If you are using an Android phone, click here to download
- For iPhone users, use this link.
Not to be lost, below is the official logo of Quotex.

You can’t really miss to recognize it anywhere.
- Trade with $1
- Earn up to 98% profits
- Fast deposits and withdrawals
- $10 minimum deposit
- $10 minimum withdrawal
Another way to access Quotex is through their web platform.
You can access it by going to www.quotex.com.
But you will notice that it redirects to QXBroker.com.
You don’t have to worry about anything because Quotex is rebranding to QXbroker.
Anyways, the homepage should be something like the screenshot below.
Play around with it and even click the About Us page.
Here, you will discover that Quotex was actually launched in 2019.
Furthermore, the team behind this platform has over 200 years of combined development experience, that is according to their About Us page.
Key Features of Quotex
As an online trading platform, what features does it have?
I will give you a list and then discuss some of them.
- User-Friendly Interface
- Advanced Charting and Technical Analysis Tools
- Automated Trading
- Diverse Asset Selection
- Trading Options
- Risk Management Strategies
- Social Trading
- Mobile Trading
- Demo Account
- Trading Signals and Market News
- Affordable Minimum Deposit
a). Trading Platform
What does the Quotex trading platform look like?
Here, I will take you through the user interface, charting tools, indicators, and the mobile app.
Before you can access Quotex, it is best to first have an account, which is free to create by the way.
You can in fact use my link to create one.
Just go to https://qxbroker.com/en/ and click sign up.
- Trade with $1
- Earn up to 98% profits
- Fast deposits and withdrawals
- $10 minimum deposit
- $10 minimum withdrawal
I am assuming you are using the web to access this platform.
But whichever method you are using, the signup process is the same.
When you click the signup button, you should see a form like the one below.

You need to fill it with the required details such as your country/region or residence (later, I will discuss why this is important).
Choose the currency, provide your email, and password, and tick the boxes to accept terms and conditions.
Once done, click the registration button.
If this sounds like a ton of work, you can use your Facebook or Google (Gmail) account to sign up.
I would actually recommend you use the latter.
I like it because I don’t have to remember any passwords.
To login to Quotex, go to https://qxbroker.com/en/sign-in/ and input your email and password.

Quotex Interface
When you sign in, this is what you will see.
I know this seems intimidating to new users.
Let me walk you through everything.
To the center, this is where you will find the trading chart.

I’ll later show you how to change to a different type of chart if you don’t like the candlesticks.
- Trade with $1
- Earn up to 98% profits
- Fast deposits and withdrawals
- $10 minimum deposit
- $10 minimum withdrawal
To change or choose an asset, click on the asset button as shown below.

And then choose from the list of assets available. I will discuss more on this in the following section.
If you are stuck somewhere and looking for support section, you can find it on the left sidebar.

This section has more than just a support section.
You can also find the analytics and signals sections.
If something is bothering you and can’t find solution, just click on the Help button at the bottom.
And go through the FAQs provided.
If it doesn’t satisfy you, go ahead and create a request.
On the right sidebar, this is where you will spend most of your time.

Starting from the stop, you will find the deposit and withdrawal buttons.
We will use them later.
Under this section also, you can set the trade time, and investment amount, and find both the buy and sell buttons.
Below them, you will find the trading history.
Quotex Charting Tools
Quotex comes with various trading tools.
Use the pencil icon to access the drawing tools.
- Trade with $1
- Earn up to 98% profits
- Fast deposits and withdrawals
- $10 minimum deposit
- $10 minimum withdrawal
1m button allows you to set the chart timeframe.
For example, you can switch from 1 minute chart to 2 hour chart.

The candles icon allows you to change the chart type.

Quotex supports Area chart, Japanese Candles, Bars, and Heiken Ashi
And when you are looking for indicators, use the compass icon to open them.
Quotex supports over 20 indicators and oscillators.
To add it to the chart, find the indicator/oscillator you want, click on it, do some settings, and it will added to the chart.
To remove it, click on the little x button on the chart.

Quotex Assets
Now that you are familiar with the platform UI, lets discuss some of the assets available.
Quotex supports several assets. Here is a list:
Forex (Currencies):

- Major pairs (EUR/USD, GBP/USD, USD/JPY, etc.)
- Minor pairs (EUR/GBP, GBP/JPY, etc.)
- Exotic pairs (USD/TRY, USD/ZAR, etc.)
Cryptocurrencies:

- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- Other popular altcoins
Commodities:

- Gold
- Silver
- Oil (Brent, WTI)
- Natural Gas
Stocks:

Shares of popular companies like Apple, Tesla, Amazon, etc. (available as CFDs)
- Trade with $1
- Earn up to 98% profits
- Fast deposits and withdrawals
- $10 minimum deposit
- $10 minimum withdrawal
But remember, you aren’t really trading the real asset. You are trading the price action.
Confused?
Don’t be.
If you trading Bitcoin on Quotex, you are not really buying the real asset. All you are doing is making money from the price movement of Bitcoin.
So when you trade Microsoft stock, it doesn’t mean you are now a Microsoft shareholder.
What is happening is that you are predicting the price movement of the asset after a specified period.
And if you are correct, you make a profit.
But if you are wrong, you lose the invested capital.
Quotex Account Types
When you sign up on Quotex, there are two types of accounts.
a). Demo account

This is the practice ground.
You can use this type of account to test your trading skills and strategies.
How do you get this account?
Well, you get Quotex demo account immediately after sign up.
In fact, you don’t really need an account to access this demo account.
- Trade with $1
- Earn up to 98% profits
- Fast deposits and withdrawals
- $10 minimum deposit
- $10 minimum withdrawal
And by the way, it comes preloaded with free $10000. These are virtual funds you can use to practice.
Can you withdraw them?
Sadly, you can’t!
What happens when these funds are depleted?
When you exhaust your demo account funds, you can use the little refresh button to replenish.

b). Live account
This is where the real magic happens.
If you want to make real money trading on Quotex, you need to use the live account.
To access it, just click on the demo account and choose Live account.
But for it to work, you need to make a deposit.
Luckily, anything you make inside this account, you can withdraw!
How?
See the next section.
Quotex Deposits & Withdrawals
Again, to make real money on Quotex, you need to make a deposit.
How much?
Well, the minimum deposit on Quotex is $10.
To deposit, follow these steps.
Go to your account and click on the Deposit button (top right corner.)

The next step is to pick a deposit method.
As you can see, Quotex supports quite several options:
Bank Cards:
- Credit/Debit Cards: Visa, Mastercard
E-wallets:
- Perfect Money
- MoMo
- M-Pesa
Cryptocurrencies:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- Binance Pay
- Solana
- ApeCoin
- Bitcoin Cash
- USD Tether
- USD Coin
- Tron
- Dash
- Dai
- Avalanche
- Zcash
- Polkadot
- Dogecoin
- Shina Inu
For the purposes of this Quotex Review, I will show you how to deposit using Perfect Money.
So, click on the Perfect Money.

Enter the amount and click Deposit.
You will be redirected to Perfect Money.

Make sure everything is okay here and then click the Make Payment button.
Fill out the perfect money payment order form.
Next, preview the payment.
As you can see, my account has $63.22 and I want to deposit $61 on Quotex.
Next, confirm and continue with the transaction.
Then click on continue.
You will receive a success notification.

You can even confirm your live account.

As you can see, mine is already at $60.81.
Again, pick a payment method you are comfortable with.
Deposit doesn’t take time, its almost instant.
How about withdrawing?
How to withdraw your earnings on Quotex
Say you’ve been trading and have earned a few dollars.

To withdraw, click on the Withdraw button on top-right corner.
The next step is to pick a withdrawal method.
Here, I will be withdrawing to my Binance account using USD Tether.
Enter the amount you wish to withdraw.
Remember, the minimum amount you can withdraw on Quotex is $10.

Make sure everything is okay and then click the Confirm button.
You will be asked to provide a 2-step verification.
This is a security feature to stop anyone from stealing your funds.
Once that’s done, you should get a message saying your request has been received.

It takes a couple of minutes to 24 hours for funds to reflect in your account.
And when the money is released, you will get an email notification as well.
And upon checking my Binance account, I can see the amount reflected.

So, that is how to withdraw money from Quotex to your Binance account.
Remember, you can use any of the available withdrawal methods. And follow instructions.
The waiting period may defer depending on the method you are using.
However, I have seen some complaints about the money taking a long to reflect after withdrawal.
I am yet to experience that.
Quotex Bonuses & Promo Codes
Does Quotex offer bonuses?
Yes, you can get welcome and deposit bonuses on Quotex.
These are promotions they ran to encourage users to make a deposit and start trading.
You can find 20%, 25%, 30%, and 35% bonuses.

To access it, click on the deposit button, pick your preferred deposit method, and you will see the deposit bonuses.
For example, to enjoy the 35% bonus on Quotex, you need to deposit more than $300.
And if you have a promo code, you can use it as well.

Quotex Customer Support
Once in a while, you might run into issues while using the Quotex platform.
Luckily, they offer support options.

You can use their FAQ page to find quick answers.
And if that doesn’t help, they offer ticketing system.

Easily create one and submit it.
You can also find them on social media. Here are some of the platforms they are on:
- Telegram – https://t.me/quotex_official
- Instagram – https://www.instagram.com/quotex_io/
- Facebook – https://www.facebook.com/quotexio/
Find them on any of these channels and get your questions answered.
Unfortunately, I couldn’t find a Quotex phone number.
But this might change in the future.
Educational Resources
I couldn’t find any educational materials on their platform.
Pros of Quotex
- User-friendly interface, especially for beginners. You won’t struggle to grasp the UI and find buttons
- Wide variety of assets. You can choose from crypto, commodities, currencies, or even stock.
- Demo account for practice that comes with $10K funds.
- Potentially high returns on successful trades of up to 93%!
- Mobile app for trading on the go. You can download it for Android or iOS.
- You can start trading on Quotex with a relatively low minimum deposit (around $10), making it accessible to traders with limited capital.
- Quotex supports multiple payment options, including credit/debit cards, e-wallets (like MPEWSA, MoMo, and Perfect Money), and cryptocurrencies.
- Withdrawals are typically processed quickly, often within 1-3 business days.
- Quotex offers various bonuses and promotions, including welcome bonuses and deposit bonuses, to incentivize traders.
Cons of Quotex:
- Quotex is not regulated by any major financial authority, which means there’s a higher risk involved compared to trading with regulated brokers. This lack of oversight can leave traders vulnerable in case of disputes or platform issues.
- While Quotex offers some basic tutorials and guides, it lacks the in-depth educational resources that some other platforms provide, which may be a drawback for beginners.
- Binary options trading itself is inherently risky, with the potential for substantial losses if trades are unsuccessful.
- Some online reviews mention issues with customer support response times and withdrawal delays.
Is Quotex Legit or a Scam?
I know you might be wondering, is Quotex legit or a scam?
Quotex operates in a legal gray area. While it is not technically a scam in the sense that it does not directly steal money from users, it is considered a high-risk platform due to several factors:
One of the biggest turn-offs about this platform is its lack of regulation.
Yes, Quotex is not regulated by any major financial authority.
Do you know what that means?
It means that it operates without the oversight and consumer protections that regulated brokers offer.
This lack of regulation raises concerns about the safety of funds and the platform’s accountability in case of disputes.
Then there is a warning by CONSOB, an Italian financial regulator.
This warning is against Maxbit LLC (the company behind Quotex.io) for providing investment services without authorization.
In my opinion, this further undermines the platform’s legitimacy.
As if that’s not enough, Quotex has a mix of positive and negative reviews online.
While some users praise its user-friendly interface and high payout potential, others report issues with withdrawals, customer service, and account verification.
Look at this user complaining about withdrawal.

On the other hand, another user is praising the platform as one of the best.

Overall, Quotex has a 4.3 star rating on Trustpilot from over 504 reviews.

Another challenge is fixe on the nature of trading on Quotex.
Options trading itself carries significant risks, regardless of the platform.
So we can’t blame this on Quotex.
It’s a high-risk, high-reward form of trading where you can lose your entire investment if your prediction is incorrect.
This is made worse by the fact that Quotex does not provide enough educational resources or risk management tools to adequately prepare traders for these risks.
So, is Quotex legit or a scam?
Considering these factors, it’s difficult to definitively label Quotex as a “scam,” but it’s also not a platform that can be considered completely safe or legitimate. The lack of regulation, negative reviews, and inherent risks of binary options trading make it a high-risk investment.
Who is Quotex Best For?
Despite its risks, Quotex is for you if
- You are a beginner trader looking for a simple interface. Their demo account is really easy to use and comes with $10K virtual funds
- You are comfortable with the risks of binary options and unregulated brokers.
- Quotex offers a wide range of assets, including forex, cryptocurrencies, commodities, indices, and stocks. This diversity can appeal to traders who want to explore different markets and diversify their portfolios.
Who Should Avoid Quotex?
Quotex is not for you if are a:
- Risk-Averse: Binary options trading is inherently risky, and Quotex’s lack of regulation amplifies this risk. If you’re not comfortable with the possibility of losing your entire investment, Quotex is not for you.
- Beginner Without Experience: While Quotex’s interface is user-friendly, binary options trading requires knowledge and skill. Beginners with no prior trading experience should consider starting with a regulated broker that offers comprehensive educational resources and demo accounts to practice.
- Seeking Security and Regulation: As already mentioned, Quotex is not regulated by any major financial authority, which means there are no guarantees regarding the safety of funds or dispute resolution. If you prioritize security and regulatory oversight should opt for regulated brokers.
- Looking for Long-Term Investments: Binary options are short-term trades with fixed expiry times. If you’re looking for long-term investment opportunities, Quotex is not the right platform.
- Value Customer Support: Some users have reported issues with Quotex’s customer support, including slow response times and unhelpful resolutions. If reliable and responsive customer support is a priority for you, you might want to consider other options.
- Traders from Restricted Countries: Quotex does not accept traders from all countries. Make sure to check their terms and conditions to see if you’re eligible to trade on the platform.
Quotex Restricted Countries
Talking about restricted countries, here is a list:
Countries Where Quotex is NOT Available:
- United States
- Canada
- Indonesia
- Hong Kong
- EEA Countries (European Economic Area): This includes Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.
- Russia
Other Restrictions:
- Age: Quotex is not available for individuals under 18 years old.
Beginner Trading Strategy on Quotex
Before I close this Quotex review, I want to give you a beginner strategy you can use now to increase your chances of making money.
This should also serve as a tutorial on how to place your first trade on Quotex.
The strategy is simple:
Look for an asset showing a clear upward or downward trend.
To find this, we will be using a moving average, especially Exponential Moving Average and Simple Moving Average (SMA).
So, to start, let’s first add the indicator to the chart.
The settings should be 5-EMA (YELLOW) and 20-SMA (PURPLE).
And you can use any color you are comfortable with.
I’ll be using a yellow color, which makes it easy to see the line on the chart.
Before we look for an asset, here’s how to use this indicator to find a trend.
- When the 5-period EMA is above the 20-period SMA, it indicates an uptrend.
- When the 5-period EMA is below the 20-period SMA, it indicates a downtrend.
Now, let’s pick an asset.

I want an asset with higher returns.
And that’s why I picked EUR/USD current pair, it comes with a 93% profit.
Click on it to add to the chart.
Next, study the chart.
This is clearly a downtrend.
So I can open a sell position.
To do that, set the time period.

I am looking at a 1-minute chart, so I have set trade duration to last 2 minutes.
This is to give the asset time to respond to my prediction.
Next, choose the amount and click Down (to sell) or Up (to buy.)
When you do that, you should see a badge on the chart like one below.

You can also follow the trade performance from the bottom-left corner.

This is your trading history area.
As you can see from the history, our trade won!
But of course, no indicators are 100%, so use other tools for confirmation.
And only trade with an amount you can afford to lose.
Trading is risky, and you can lose all of your capital!