QUOTEX Forex Broker

QUOTEX Review SummaryFounded2019Registered Country/RegionSaint Vincent and the GrenadinesRegulationNo regulationMarket InstrumentsForex, Commodities, Cryptos, StocksDemo Account✅($10,000 virtual funds)Leverage /Spread/Trading PlatformWeb-based platform, Mobile App (iOS & Android)Minimum Deposit$10Customer SupportEmail: support@quotex.ioAddress: Main Street, P.O. Box 625, Charlestown, St. Kitts and NevisQUOTEX Information QUOTEX is a Saint Vincent and the Grenadines-registered online binary options trading platform, it was established in 2019. With a small $10 minimum investment, it provides commodities, cryptocurrencies, and FX. But there are no rules governing the platform's operations.Pros and ConsPros Cons Low minimum deposit ($10)No regulationFree demo account with $10,000 balanceUnclear fee structureSupports multiple payment methodsNo support for MT4/MT5 or advanced toolsNo deposit/withdrawal feesIs QUOTEX Legit? QUOTEX is not a reputable broker. It is registered in St. Vincent and the Grenadines. QUOTEX does not have a legitimate license from the local regulator, nor is it licensed by any major international financial regulators such as the FCA (UK), ASIC (Australia), or the NFA (USA). The domain quotex.com was registered on June 4, 2003, and will expire on June 4, 2026. It is presently locked, preventing any unlawful deletion, renewal, transfer, or updates. This domain employs Cloudflare name servers, which indicates basic security precautions, but it does not suggest regulatory trustworthiness.What Can I Trade on QUOTEX? QUOTEX provides forex, cryptocurrencies, commodities, and stocks. The trading options are primarily for digital options or speculative binary transactions.Tradable Instruments Supported Forex✔Commodities✔Cryptos✔Stocks✔Indices❌Bonds❌Options❌ETFs❌Account Type QUOTEX has two primary account types: Demo and Real. The Demo account includes $10,000 in virtual cash and is ideal for novices who wish to practice trading without risk. The genuine account has a $10 minimum deposit and provides access to genuine market conditions, tournaments, and more features, making it perfect for more experienced or serious traders.Account TypeMinimum DepositFeaturesSuitable forReal Account$10Live trading, tournaments, full featuresActive and serious tradersDemo Account-$10,000 virtual funds, risk-free learningBeginners, practice tradersTrading PlatformTrading PlatformSupported Available Devices Suitable for Web Trading Platform✔PC, Mac, web/Mobile App✔Android (Google Play), iOS (App Store)/MetaTrader 4 (MT4)❌–BeginnersMetaTrader 5 (MT5)❌–Experienced tradersDeposit and Withdrawal QUOTEX charges no fees for deposits or withdrawals. However, third-party payment providers may levy their own processing costs or currency conversion fees, which are beyond QUOTEX's control.Deposit OptionsDeposit Options Minimum DepositDeposit Fees Deposit Time Bank Cards$10$0Instant to a few hoursElectronic Payment SystemsLocal Banking OptionsWithdrawal OptionsWithdrawal Options Minimum Withdrawal Withdrawal Fees Withdrawal Time Bank Cards$10$01-5 business daysE-walletsUsually faster than bank transfersCryptocurrency$50Varies by network confirmation