Quotex trading in India
What is Quotex?
The interest of average Internet users in digital assets is growing exponentially. The market reacts unequivocally to any demand - it falls asleep with offers. In the vastness of the World Wide Web, new binary options brokers appear with enviable constancy, offering attractive trading conditions. One of these is the international broker Quotex.
Online broker Quotex is a completely new trading platform, founded in 2020, which operates smoothly on the basis of modern technologies, offering trading in stocks, binary options, tokens - popular digital currency quotes, currency pairs, raw materials (metals, oil, gas).
A user-friendly interface, a wide range of assets, uninterrupted operation are certainly important facts, but not decisive ones. Excluding, of course, the last advantage - functioning without delays. The developers have tried to provide their clients with a fast and clear platform for trading.
Quotex in India has a wide distribution among traders, as in 249 countries. This means that this broker has clients from all over the world without any country restrictions, however this broker is not available to persons under 18 years of age.
With this broker, traders receive one of the highest payouts in the industry, being able to achieve 95% more after making a binary trade with a positive result.
So far, binary trading on this platform is short-term, from one minute to four hours. This is the same as what its competitors in the market offer. However, developers are working on offering longer operations to be even more competitive and continues to be one of the first options for users.
Quotex trading options
This platform claims to be more than just a project for traders. The purpose of the developers is superior to others as they have advanced financial tools so that as many people as possible can develop their financial and business skills in trading.
An option is a derivative financial instrument based on any underlying asset such as a stock, currency pair, oil, and so on.
When making a deal on an option, the trader must choose the underlying asset that will underlie the option, and the forecast will be made on this asset. To put it simply, by buying a digital contract, the trader is actually betting on the movement of the price of such an underlying asset.
The underlying asset is an asset, the price of which is taken into account when concluding a transaction. The underlying asset of trading options is usually the products most in demand on the markets (commodities, indices, securities, currency pairs, and so on).
There is no universal underlying asset, so each trader must determine it for himself. When choosing it, a trader can use only his own knowledge, intuition and various kinds of analytical information, as well as market analysis for a specific financial instrument. In this case, the trade will be completed safely.
The market for financial assets is a place where the contractual right to a certain form of buying and selling. This is usually characterized by the liquid nature of the asset, or how quickly it can be converted into cash, and includes such financial assets. One of the unique properties of a marketable asset is that it does not necessarily have any direct or linear relationship to real physical value such as land, jewelry, or art.
Trading conditions in the market for financial assets are subject to fluctuations due to the multitude of sometimes seemingly unrelated market conditions. The value of assets tends to rise to a level that exceeds the true value or to lose value.
The asset markets available to Quotex clients include:
- Digital currencies;
- Raw materials;
- Currency pairs.
Each of the markets has a large number of assets, allowing the trader to conduct a variety of trades and develop their skills in many directions.
When a trader or investor invests in a Quotex broker, they can choose from over 400 assets available for digital trading:
- Currencies: You can choose from over 40 types of currencies.
- Cryptocurrencies: The main digital currencies leading the market are Bitcoin, Ripple, Ethereum and Litecoin.
- Indices: Dow Jones, SP500 and other leading exchanges.
- Raw materials and precious metals: oil, gold, silver, etc.
For traders, trading in currency pairs, digital currencies, raw materials and stocks is available. Due to the huge variety of assets, the client of the platform can change the direction of his trade without changing the broker and use one deposit.
Quotex has a responsive, user-friendly, well-structured and fast interface. The platform is very easy to understand as everything is clean and clear in front of the trader, firstly, this platform is based on a web application, so no download is required, secondly, it is fully customizable to the taste of the client, and finally, it is simple. The trader has access to all functions in one click.
The main task of the trading platform is to provide its traders with a convenient and efficient opportunity to trade. Quotex offers asset price charts for every taste, as well as all possible tools for profitable trading.
This platform is characterized by two types of accounts for its clients:
- Demo account;
- Real account.
A training account is a complete copy of a trading account, with all assets, instruments, and most importantly, fictitious funds, in the amount of $10,000. Thanks to this, the client can not only work out possible strategies, but also try trading without using his own funds.
In order to open a real trading account, it is enough for a trader to register and make a deposit. After that, the client of the platform can enjoy profitable trading.
Terms and conditions of Quotex
In order to become a Quotex client, you need to register and create an account, passing two-phase authorization, and verification. Trading with this broker is available to traders from all over the world so you just need to get started.
Commissions and fees
A nice feature of this platform is the absence of commissions and fees. The client can replenish his account and withdraw profits without paying a commission to the broker. However, it should be borne in mind that payment systems may charge their own fees and use the internal currency conversion rate.
To find out if a bank or payment system charges a commission, you need to contact the organization's customer support directly.
The Quotex broker provides its clients with a choice of account currency at the time of account registration, but if desired, it is possible to change the currency during trading without paying a conversion fee.
Also, it is worth noting that newcomers to trading will not need to deposit huge funds, since the minimum deposit on the platform is only $10.
In order to replenish the account, the client of the platform must perform the following steps:
- Click on the "Deposit" button (you can find it in your account or in the transaction execution window);
- Choose from the provided options the method of replenishment;
- Choose the currency in which the deposit will be replenished;
- Specify the amount of replenishment of funds;
- Fill out the proposed form by entering the requested payment information;
- To make a payment.
The client will be able to withdraw profit in the same way that he replenished the account. The company provides its customers with the following methods of depositing and withdrawing deposits:
- Credit card;
- Bitcoin Cash;
- Perfect Money;
It is worth noting that when it comes to withdrawing a sufficiently large amount, the platform may request verification. This process is carried out in order to prevent actions related to illegal trade, financial fraud, as well as the use of funds obtained illegally.
Also, important information is that the minimum withdrawal amount starts from $10 for most payment systems. For digital currencies, this amount starts at $50 (and may be higher for some currencies, such as Bitcoin).
Quotex registration in India
It only takes a trader a few minutes to register on Quotex in India. To create an account, follow the instructions below:
- Visit the registration tab via the link in the article;
- Enter the requested data (active e-mail address and password);
- Select the desired account currency (later, the choice can be changed in your personal account);
- Accept the user agreement by ticking the box;
- Confirm account creation.
After registration, the client can immediately confirm the email address in his personal account, as well as go through verification. Or switch to demo trading to explore the full functionality of the platform with virtual $10,000. Try it for free!
Quotex Advantages and Disadvantages
Like any trading platform, Quotex has its own advantages and disadvantages over its competitors. The advantages of choosing this broker include:
- A deposit available to any user (in the amount of $10);
- Ability to replenish and withdraw funds from the account, no commission, no fees;
- Simplicity and accessibility for users from all over the world.
- The presence of a welcome bonus in the form of a percentage of the deposit made in the amount of 50 to 300 dollars, the bonus amount starts at 10 dollars and ends at 106 dollars.
The platform also has a number of minor disadvantages:
- Trading with leverage is not available;
- It is impossible to withdraw the deposit bonus (the bonus amount can only be used in trading, and if the transaction was successful, the winnings can be withdrawn from the account);
- No learning block.
Is the Quotex broker legal?
Quotex is a trademark of Awesomo Ltd, a Seychelles-based company regulated by the International Financial Markets Regulatory Center (IFMRRC). The firm was certified as a licensed broker in November 2020. The brokerage company aims to combine powerful tools with simple digital options products.
What Can I trade On at Quotex?
Trading with this broker is available to all users and provides more than 400 assets available for digital trading, among which, a trader can find:• Raw materials and precious metals: oil, gold, silver, etc.
• Currencies: You can choose from over 40 types of currencies.
• Digital Currencies: The main digital currencies leading the market are Bitcoin, Ripple Ethereum and Litecoin.
• Indices: Dow Jones, SP500 and other leading exchanges.
How Much Can I Withdraw From Quotex?
A trader can withdraw any amount from the account, starting from $10 in currency and $50 in crypto.
What Alternatives to Quotex?
Among the many trading platforms, an alternative for Quotex can be called:• Olymp Trade
• Pocket Option
• IQ Option