Quotex Reviews

Here are some of the top alternatives to Quotex for trading binary options:

1. Pocket Option - Known for high returns and a user-friendly platform.
2. Binarycent - Ideal for trading with small amounts.
3. IQCent - Another good option for small amounts.
4. Nadex - Offers regulated trading.
5. Raceoption - Known for high bonuses.
6. Optionblitz - Provides a secure and versatile trading environment.
7. Videforex - Another reliable alternative.
8. Olymptrade - Popular for its user-friendly interface.
9. IC Markets - Known for its comprehensive trading options.
10. AvaTrade - Offers a wide range of trading instruments.

Using Quotex for trading comes with several risks that you should be aware of:

Risks:

1. Lack of Regulation: Quotex is not regulated by any top-tier financial authority. This means there are fewer safeguards in place to protect your investments.
2. Legal Uncertainty: There are inconsistencies regarding the owning companies listed on the official Quotex website and in the client agreement. This adds uncertainty about legal accountability and the platform's reliability.
3. Potential for Scams: Due to the lack of regulation, there is a higher risk of encountering fraudulent activities.
4. Market Volatility: Trading binary options is inherently risky due to market volatility. You could potentially lose your entire investment.
5. Limited Recourse: If you encounter issues or disputes, your options for recourse may be limited due to the lack of regulatory oversight.

Opening an account in Quotex is a straightforward process. Here are the steps to get started:

1. Visit the Quotex Website: Go to the Quotex official website.
2. Click on "Sign Up" or "Register": You will find these buttons on the top right corner or in the middle of the homepage.
3. Fill Out the Registration Form: Enter your country of residence, preferred currency (EUR, USD, GBP, BRL), email address, and password.
4. Agree to the Terms: Tick the boxes to agree to the Service Agreement and confirm that you are not a citizen of the United States.
5. Verify Your Email: Check your email for a verification message and click on the link provided to verify your account.
6. Fund Your Account: Once your account is verified, you can fund it with a minimum deposit of $10.
7. Start Trading: You can now start trading on Quotex using the live account or practice with a demo account that comes with virtual funds of up to $10,000.

To create an account on Qxbroker.com, you need to follow these steps:

1. Visit the Sign Up page on Qxbroker.com.
2. Select your Country / Region of residence from the dropdown list.
3. Choose your preferred Currency.
4. Enter a Password.
5. Confirm that you are 18 years old or older and accept the Service Agreement.
6. Click on Registration.

Please note that Qxbroker.com is an innovative platform with up to 98% return on every investment. You can sign up for a demo account to practice with $10,000. With a minimum deposit of just $10, this is a great choice!

qxbroker.com, also known as Quotex, is an offshore-based binary options broker. The company that owns and operates this website is Maxbit LLC, which is listed as being based in Saint Vincent and the Grenadines (SVG). Quotex uses a rudimentary web-based trading platform for binary options trading. Reviewers satisfied with Quotex most frequently mention the trading platform, binary options, and friendly interface. However, it's important to note that SVG is an offshore zone with no broker regulations in place, and the presence of any trading platform does not guarantee that this trading is real and not fictitious. Therefore, it's advisable to look for a more trustworthy investment intermediary.

There are mixed reviews about Quotex. Some sources indicate that Quotex has been added to a warning list due to concerns raised by traders, suggesting that the platform may be used to scam and defraud traders and investors. On the other hand, there are positive reviews from users on a customer service review site, praising the platform for its user interface, low deposit requirement, and other features. However, some sources also raise concerns about Quotex being an offshore broker, which can be a red flag for new traders. It's important to do thorough research and exercise caution when dealing with financial platforms.

Quotex is not a trusted broker because it is not regulated by a financial authority with strict standards. It is recommended to open an account only with brokers that are overseen by a top-tier and stringent regulator. Quotex is not regulated by any of the top-tier regulators. Therefore, it is recommended to avoid it. However, it is licensed and regulated by the International Financial Market Relations Regulation Center (IFMRRC), an independent international organization that regulates financial markets and trading platforms. It is located in Russia and is responsible for ensuring that Quotex complies with all applicable laws and regulations. Please note that the fact that a broker is regulated is not sufficient to guarantee the safety of your money. The entity that regulates the broker makes a crucial difference. Top-tier regulators apply, oversee and enforce the strictest requirements and standards to ensure that brokers supervised by them do not engage in fraudulent activities. Oversight by a top-tier regulator is a good indicator that the broker adheres to the highest regulatory standards and practices. Quotex does not meet these criteria.

To verify your account on Qxbroker.com, you need to follow these steps:

1. Sign up for an account using your email id, Facebook id, or VK id.
2. After completing the sign-up process, go to your account.
3. Enter all the data regarding identity information.
4. Upload your ID for verification. It can be your passport, local ID, or driving license.
5. After uploading your ID, you will see a waiting confirmation status. This means that Quotex has received the documents, and the scrutiny is under process.
6. Now, you must wait for Quotex to verify all the presented documents.
7. Once the entire verification process is complete, you shall see a status on the screen mentioning ‘verified.’

The documents required for the verification process include:

• A copy of the passport’s first page. The scanning should include the photograph.
• A selfie for photo identification
• Proof of the present residential address for confirmation

Please note that the verification time can range from 1 hour up to a maximum of 5 business days. Sometimes, credit card verification and selfie verification may be requested but it's not always necessary.