Quotex broker review (2021) ++ Scam or not? | Real test

Quotex is a new digital options broker, founded in 2020. The platform offers copy trading and market signals. Our review details deposits and withdrawal methods, fees, customer support, bonuses and assets. The demo account is a great risk free option to try the brand.

Quotex – Review

Key Facts:

  • Min Deposit : £10
  • Payout : Up to 84% In the event of a successful trade.
  • Demo Account : Yes
  • Regulated : IFMRRC (Seychelles)
  • Bonus : Up to 40% deposit bonus

Company Details

Quotex is a brand name of Awesomo Ltd. The company is registered in the Seychelles, and regulated by the International Financial Market Relations Regulation Centre (IFMRRC).

Trading Platform

The platform offers quick and slick access to the asst list and trading options. A drop down asset list allows traders to select a market, and they can sort by payout (over 1 minute, or 5 minute options)

Selecting an asset displays its live price chart, and traders can view the data in multiple graphs in timeframes from five seconds to a day.

Advanced charting options include a range of indicators such as Bollinger bands and Moving Averages.

Quotex trading platform demo account

There are also copy trading and trader leaderboards, plus market signals. Traders should proceed with caution when not actively monitoring their trades however.

Assets

Quotex offers 400+ assets for digital options trading:

  • Currencies – 27 forex pairs, from majors to exotics
  • Cryptocurrency – Litecoin, BTC (Bitcoin), Ripple, and Ethereum coins
  • Indices – 15 leading exchanges including the FTSE 100 and Dow Jones
  • Commodities – Gold, silver and oil, among other popular energies and metals

Fees

There is no commission while trading digital options at Quotex. There are also no margin requirements, and therefore no leverage on these products.

There are no fees for withdrawals

Demo Account

Quotex offer quick access to a demo account. This is available directly from the homepage, and the trading platform can be trialled in seconds.

Quotex Bonus

There is currently a 40% deposit bonus offer with Quotex. As ever, read the terms and conditions and ensure the bonus will suit the strategy you want to use.

Regulation

Quotex has a license from the International Financial Market Relations Regulation Centre (IFMRRC) in the Seychelles. This includes membership to a compensation fund, but is not the strongest region for regulation

Advantages

Traders will appreciate the following advantages:

  • Bespoke, entertaining trading platform.
  • Low minimum deposit
  • Quick Access Demo Account
  • 40% Deposit Bonus (Read T&Cs)

Drawbacks

  • Digital Options are offered without margin
  • No mobile app – quite a big deal

Customer Support

Registered address is Awesomo Limited, Republic of Seychelles, Mahe Island, Victoria City, Francis Rachel Street, Sound & Vision House, 2nd Floor, Office 1.

Security

The company maintains high security standards and uses specialised technologies to safeguard client information. The broker does not sell or otherwise disclose personal data to third parties.

Conclusion

Quotex offer an enticing platform and the quick access demo account means traders can check it out before parting with any details or funding an account, This is a key point for a new brand trying to grow.

We have had minimal feedback on the brand so far, but regulation in the Seychelles offers some protection. The 40% bonus is a rare treat among brokers.

Quotex

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Rating - Quotex 88/100 by trustedbroker.net