This Quotex review examines the broker’s digital options trading model, asset selection, account setup, and regulatory background. Quotex is a binary options platform operated by Awesomo Ltd, serving a global audience with a simple web interface and fixed-payout contracts across forex, crypto, and indices.

Regulation and Safety

Quotex is operated by Awesomo Ltd, registered in the Republic of Seychelles (Company No. 2212 LLC 2022). It is not licensed by any Tier-1 regulator such as the FCA, ASIC, or CySEC. There is no investor compensation scheme or external oversight. As an offshore binary options provider, client protections are minimal. While the platform uses HTTPS encryption and account-level 2FA, there is no fund segregation or audit trail required under its current regulatory structure.

Execution Model and Trading Platforms

Quotex offers a proprietary web-based platform focused on digital options trading. Traders predict whether an asset’s price will be higher or lower after a fixed expiry. Key features include:

• 1-click trading interface with strike price selection
• Charting with indicators and drawing tools
• Trade expirations from 1 minute to 4 hours
• Up to 98% fixed payouts on correct predictions

The platform is available via browser and Android app. iOS access is through web only. There is no MT4, MT5, or FIX API support. Orders are internally matched (market maker model), not routed to external liquidity providers.

Markets and Instruments

Quotex provides access to over 100 underlying assets through binary options contracts:

• Forex – EUR/USD, GBP/JPY, USD/CHF, 30+ pairs
• Cryptocurrencies – BTC, ETH, LTC, DOGE
• Indices – NASDAQ, S&P 500, FTSE, Nikkei
• Commodities – Gold, oil, silver

All instruments are traded via short-term digital options. There are no CFDs, leverage, or physical asset settlement.

Accounts, Spreads and Leverage

Quotex offers a single live account structure with the following features:

• Minimum deposit: $10
• Minimum trade: $1
• Payouts: Up to 98% on in-the-money options
• Leverage: Not applicable (fixed-return model)

There are no spreads, commissions, or overnight fees. Demo accounts with $10,000 in virtual funds are available without registration. Islamic accounts are not available.

Funding and Base Currencies

Quotex supports multiple payment methods depending on location:

• Credit/debit cards (Visa, Mastercard)
• Crypto wallets – BTC, USDT, ETH, LTC
• E-wallets – Perfect Money, Advcash

Account currencies include USD, EUR, RUB, and BRL. Most deposits are instant; withdrawals are processed within 1–5 business days. Quotex does not charge internal fees, but payment processors may apply third-party fees.

Client Protections and Features

Quotex offers limited client protections due to its offshore structure. However, it includes basic platform features such as:

• Two-factor authentication (2FA)
• Secure HTTPS access
• Risk-free demo mode
• Cashback and promo codes for active users

There is no regulatory oversight, fund insurance, or negative balance protection, as binary options do not involve margin or leverage.

Institutional and Retail Offering

Quotex is fully retail-focused and does not offer institutional services. There is no FIX API, white-label program, or liquidity aggregation. It does provide an affiliate and IB program for client acquisition and referral rewards. Signal tools are available within the platform for novice users.

Pros

• Simple, intuitive trading interface
• Low $10 minimum deposit
• High payouts up to 98%
• Multiple crypto and fiat funding options
• Free demo account with no expiry

Cons

• Not regulated by any Tier-1 financial authority
• No CFDs or traditional leveraged instruments
• No MT4, MT5, or third-party integrations
• Fixed-outcome model with internal market-making

Frequently Asked Questions

Is Quotex a regulated broker?

No, Quotex is operated by an offshore entity and is not licensed by any top-tier financial regulator.

What is the minimum deposit at Quotex?

The minimum deposit to open a live account at Quotex is $10.

Can I trade forex with leverage at Quotex?

No, Quotex offers binary options only. There is no margin or leverage involved.

Does Quotex offer a demo account?

Yes, Quotex provides a free demo account with $10,000 in virtual funds and no expiry.

How are trades executed on Quotex?

Trades are executed internally via a market maker model with fixed payouts. There is no external liquidity routing.