In this review and test, I will check Quotex for you and tell you the truth about this binary broker. What are the trading conditions, how is the platform working, and how fast can you payout your profits? I will answer all the important questions for beginners with Quotex. Should you trust this broker and invest money there? Is it a scam or not? – Find out in my honest Quotex review.
What is Quotex? – The broker presented
Quotex is a new digital options broker for investing in more than 100 markets. The platform was founded in 2020 and is managed by the Maxbit LLC (owner) with the address First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St. Vincent und die Grenadinen where you will find the headquarter of the company. It is a typical offshore broker that accepts all types of clients. You can trade on the markets by getting a high yield of up to 95%, which means you invest $100 in a rising EUR/USD chart, and if you are right in a certain time period you will earn $195. Later I will go into detail to show you how exactly it works.
The broker for online trading presents a newly developed trading platform and software. The platform is available for desktop and mobile devices. The company is active in more than 20 different countries and offers support service in different languages. There is not so much information about the company on the internet because the broker is very new. But the first impressions for me are quite good. Quotex platform has good offers for clients and investors in the markets.
The pros and cons of Quotex:
Due to my comparison with other trading platforms, I will show you the pros and cons of Quotex. But keep in mind, on every platform or broker; you will find some disadvantages. It is very hard to find the perfect one.
Advantages:
- Free $10,000 demo account
- Minimum deposit of only $10
- Minimum trade amount $1, maximum trade amount $1,000
- High return up to 95%
- User-friendly interface
- Huge variety of trading assets
- Fast trade execution
- Instant deposits
- Fast and secure withdrawals
- Free bonus
- Available in many countries and languages