Quotex FAQ: Everything You Need to Know about Trading in Quotex
Discover everything you need to know about Quotex, a leading trading platform for beginners and experienced traders.
-
Saqib Iqbal
- 11 min read
Are you new to trading and looking for a reliable platform to start your trading journey? Look no further than Quotex! This comprehensive FAQ guide will cover everything you need to know about trading in Quotex, a leading online trading platform.
Are you wondering what Quotex is all about? What are the available trading options? What are the minimum deposit and withdrawal requirements?
Stay tuned as we answer these questions and more, providing you with essential information to make informed decisions and optimize your trading experience in Quotex.
WHAT IS QUOTEX?
Quotex is an online trading platform that allows users to trade various financial instruments, including stocks, commodities, cryptocurrencies, and more.
It provides a user-friendly interface, access to real-time market data, and a range of tools and features to facilitate trading activities. Quotex aims to cater to beginner and experienced traders by offering a seamless and intuitive trading experience.
With a convenient user interface, fast processing speeds, and trading signals, it offers a convenient trading experience.
The minimum deposit for new traders is $10, and they can receive a bonus for joining. A $10,000 virtual fund is available for free in a demo account.
Traders can use up/down binary options to speculate on stocks, currencies, commodities, and cryptocurrencies.
What Can You Trade in Quotex?
There are over 410 assets available for trading digital options on Quotex, including the following:
- Stocks — a variety of OTC securities, including Facebook and Microsoft
- Currencies — a wide variety of forex pairs, from majors to exotics, including USD/EUR
- Cryptos — cryptocurrencies such as Litecoin, Bitcoin, Ripple, and Ethereum
- Indices — over ten markets, including FTSE 100 and Dow Jones 30
- Commodities — oil, gold, and silver, among other popular metals and energies
Seeing cryptocurrency available through Quotex is particularly nice, though the range of markets remains limited.
MINIMUM DEPOSIT AND WITHDRAWAL REQUIREMENTS
To trade on Quotex, it is important to understand the minimum deposits and withdrawals. A trading account’s requirements determine the initial amount you need to deposit to start trading and what to do to withdraw funds.
Learn Quotex’s minimum deposit and withdrawal requirements and how they can help you trade on the platform confidently and efficiently.
What Is the Minimum Deposit for Trading in Quotex?
A key advantage of Quotex’s trading platform is that it does not require large deposits. There is a minimum deposit of 10 USD. With even a small investment, you can start trading right away.
How Does Quotex Handle Withdrawals?
Using your account, you can withdraw funds easily. Depositing money into the account is similar to withdrawing money from it. Your account allows you to deposit and withdraw money using many payment systems, including bank accounts, Visa cards, Mastercards, etc.
Establishing a separate account for yourself is important to demonstrate ownership of your account if the company requires it.
- To begin, click on “Withdrawal” at the top of the screen.
- Second, enter how much you wish to withdraw.
- Choose from a variety of available payment options.
In step 3, you’ll receive a PIN code by email. Click “Confirm” once you finish.
You’ve successfully sent the request!
Are There Any Fees for Withdrawals?
Quotex charges no withdrawal fees. However, it is important to consider that payment systems may charge fees and use the internal exchange rate when converting currencies.
TRADING PLATFORMS AND MOBILE APPS AVAILABLE
With Quotex, you can select from various trading platforms, including a web-based platform you can access using any browser on any device. This web platform lets you trade directly without downloading any software.
Additionally, Quotex offers a mobile app for Android devices, which is streamlined and user-friendly. This app is designed specifically for trading on the go. In addition to accessing markets and monitoring your trades, the mobile app lets you execute transactions conveniently from your phone or tablet.
What Kinds of Trading Platforms Does Quotex Offer?
With Quotex, you can trade digital options on over 400 underlying assets across many asset classes. Digital option refers to trades that depend on simple price movements with fixed costs and outcomes.
The platform is completely web-based, so there’s no need to download anything. Traders can trade on the platform on securities (companies), currencies, commodities, and indices, such as the S&P 500.
Quotex offers a variety of expiration durations, including within a minute, within two minutes, within five minutes, within an hour, and up to a month or more in some cases.
The Quotex web platform operates on any device, including tablets, smartphones, and tablets, without any installation required. Quotex also launched a mobile application on April 1, 2021. It is currently available only on Android smartphones and tablets.
Subscribe to the Telegram channel to stay up to date on the latest market news, reviews, and forecasts with insight into the most liquid assets in the world. Subscribers usually find out about company offers and bonuses first.
Trading signals: Traders receive signals directly on their platforms in real time. It claims that 87% of its signals are accurate.
Indicators: Platform users can choose from 29 indicators, including 11 trend indicators and 18 oscillators.
Market: You can find all available free and paid promo codes in this section of your account. It is also possible to enter promo codes here for traders.
Is There a Mobile App for Trading in Quotex?
Besides its many features, the Quotex mobile app is a convenient and effective trading platform. Aside from its quickness, responsiveness, and ease of use, the app offers the same functionality as the web version.
User ratings for the app are generally positive, with 3.6 stars overall. Currently, there is no iOS version of the mobile app for iPhones and iPads.
Are There Any Special Features for Mobile Traders?
There are several features you’ll find on the Quotex platform:
User-friendly trading interface: Users of both beginner and expert traders will find the Quotex interface easy to use and free of distractions.
Integrated signals: Quotex offers integrated signals that traders can use to design a thoughtful trading strategy for making better trades. According to analysts, using charts and signals reduces your chances of making a mistake in trading.
Trading indicators: The wide range of trading indicators available at Quotex can help traders make profitable trades faster and more accurately.
High-speed trading: Quotex uses cutting-edge technology to ensure traders will never lose money due to technical problems. Trading on this app is smooth and seamless, providing users with a high-speed trading experience.
Affordable minimum deposit: Quotex requires a minimum deposit of only $10, unlike other mobile trading platforms with high minimum deposits.
TYPES OF ASSETS AVAILABLE TO TRADE ON QUOTEX
On its platform, Quotex offers trading in a wide range of assets. A trader can trade 43 instruments on the Quotex platform, which takes 0-4 seconds to process under normal market conditions.
Clients can trade with 21 currency pairs, 14 indices, cryptocurrencies (Ethereum and Bitcoin), UK Brent, US Crude, gold, and silver.
Depending on the asset they are trading, traders can receive up to 90% of the option’s value, while 25% is possible on cryptocurrencies and indices. You can trade multiple currencies with a single account without paying conversion fees.
Which Currency Pairs Can I Trade on Quotex?
We currently offer 21 currency pairs at Quotex. The following list includes the currency pairs that we offer, as well as the content associated with them:
- CAD/CHF (OTC)
- USD/BRL (OTC)
- CHF/JPY (OTC)
- NZD/CAD (OTC)
- NZD/CHF (OTC)
- USD/CHF (OTC)
- USD/INR (OTC)
- AUD/CAD
- EUR/JPY
- USD/JPY
- AUD/JPY
- AUD/USD
- EUR/USD
- GBP/USD
- EUR/GBP
- GBP/JPY
- CAD/JPY (OTC)
- USD/CAD
- GBP/AUD
- EUR/CAD
- GBP/CAD
“OTC” refers to over-the-counter transactions for these currency pairs.
Are There Any Other Underlying Assets Available to Trade on Quotex?
Quotex also offers the following underlying assets for trading:
- 2 Metal BOs for gold and silver
- 2 Energy BOs based on Crude Oil (WTI, Brent)
Whether traders prefer trading crypto or traditional financial markets, Quotex’s underlying assets are more than sufficient to meet their needs.
Which Financial Instruments Does Quotex Offer?
An extensive line-up of trading instruments is available, such as forex, stocks, and cryptocurrencies.
STRATEGIES USED BY EXPERIENCED TRADERS ON QUOTEX
There are a variety of Quotex strategies. Carefully review their details to decide which suits your trading style.
Rebound Line Trading Strategy
This simple, easy-to-follow graphical pattern shows when an asset’s price can no longer resist breaking the support. As per the experts, the stock price can reach a resistance level during the trade.
However, some traders believe that the upward trend of the price won’t happen again for the day if the candlestick closes below the line. Therefore, they call for a fall.
Whenever the price level reaches the support line, and the candlestick closes the support line, traders assume the price won’t fall again. As a result of this strategy, you must carefully analyze price trends and candlestick positions to trade for a rise at this time.
Hikkake Pattern Trading Strategy
As this Japanese term implies, Hikkake means “catch, hook, and ensnare.” This pattern was created by Daniel L.
Using this strategy, you must understand how candles move. In this pattern, the first two candles are referred to as the Harami pattern. It can also be referred to as the Inside-Day pattern.
Usually, a bearish Hikkake pattern appears when the trend is upward. By analyzing the last candlestick, you can determine the price movement. You should open a sell position when it moves downward and wait for the right time to close the trade if it moves downward.
When traders spot a bullish Hikkake pattern, they can enter a trade. The first four candles indicate that the trade price drops quickly. After that, there will be a breakout, which will complete the pattern. After the last candlestick, the price will rise, indicating a buy trade at this time.
Anti-Marginal Quotex Strategy
Many Quotex users use this trading strategy when they want to make fixed-time trades on this platform. However, some rules need to be followed if you want to increase your chances of profit.
To start, you should understand what amount you should invest. If you are starting, start with USD 10. Then conduct a thorough market analysis and predict price movements.
If you lose the trade, don’t worry — use USD 5 for your next trade transaction. Now you need to enter the trade considering the forecasted direction.
The market will evolve as you observe it, and you can open a trade based on your market analysis. When the trading time expires, you can double the trading amount. For now, let’s look at USD 10.
The third time you lose, lower the amount to USD 5. After carrying out a market analysis, you can open the trade accordingly, and once it expires, you will find you’ve made money.
For example, suppose you invest USD 10 in your fifth trading transaction. If you win, you could double the amount. If you lose, you could reduce the amount by half and put USD 10 on the next transaction.
If you keep using this strategy, you will have a total profit of USD 96. Anti-marginal trading is considered one of the best strategies for Quotex.
Reversal Trading Strategy
The idea here is for the traders to buy stock in the direction where the price is currently moving. Regarding binary options trading, this is a good strategy since it is faster.
It uses SMAs, MACDs, and Bollinger Bands as three powerful indicators. The traders must use a candlestick chart to apply the reversal trading strategy and trade highly volatile assets such as cryptocurrencies and USD. For indicators, set these parameters as follows:
- Parameterize the MACD with default values.
- SMA is computed with a 10-period.
- For Bollinger Bands, use 22 periods and two deviations.
Experts recommend that you consider a 15-minute timeframe for this strategy to be effective. The timeframe can be changed later on if necessary.
BOTTOM LINE
A binary options trading platform with various features, Quotex provides traders with a convenient trading experience. It offers a simple web platform and a variety of trading assets, including stocks, currencies, cryptocurrencies, indices, and commodities.
Traders can access trading signals, indicators, and a mobile app with a minimum deposit of $10 at Quotex, making it convenient and accessible. Binary options traders should, however, carefully consider the risks involved before entering the market.
