QUOTEX-Some important Details about This Broker
Abstract：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, cryptocurrency, and FX. But there are no rules governing the platform's operations.
| QUOTEX Review Summary | |
| Founded | 2019 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | Forex, Commodities, Cryptos, Stocks |
| Demo Account | ✅($10,000 virtual funds) |
| Leverage | / |
| Spread | / |
| Trading Platform | Web-based platform, Mobile App (iOS & Android) |
| Minimum Deposit | $10 |
| Customer Support | Email: support@quotex.io |
| Address: Main Street, P.O. Box 625, Charlestown, St. Kitts and Nevis | |
QUOTEX 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 Cons
| Pros | Cons |
| Low minimum deposit ($10) | No regulation |
| Free demo account with $10,000 balance | Unclear fee structure |
| Supports multiple payment methods | No support for MT4/MT5 or advanced tools |
| No deposit/withdrawal fees |
Is 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 Type | Minimum Deposit | Features | Suitable for |
| Real Account | $10 | Live trading, tournaments, full features | Active and serious traders |
| Demo Account | - | $10,000 virtual funds, risk-free learning | Beginners, practice traders |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Web Trading Platform | ✔ | PC, Mac, web | / |
| Mobile App | ✔ | Android (Google Play), iOS (App Store) | / |
| MetaTrader 4 (MT4) | ❌ | – | Beginners |
| MetaTrader 5 (MT5) | ❌ | – | Experienced traders |
Deposit 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 Options
| Deposit Options | Minimum Deposit | Deposit Fees | Deposit Time |
| Bank Cards | $10 | $0 | Instant to a few hours |
| Electronic Payment Systems | |||
| Local Banking Options |
Withdrawal Options
| Withdrawal Options | Minimum Withdrawal | Withdrawal Fees | Withdrawal Time |
| Bank Cards | $10 | $0 | 1-5 business days |
| E-wallets | Usually faster than bank transfers | ||
| Cryptocurrency | $50 | Varies by network confirmation |
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