Quotex Brokerage Charges | All possible fees explained

---

Quotex is popular for providing high-yield trades in short time horizons, but which fees can occur while trading on this platform? Let’s talk about all possible fees and costs that can occur! We tested the broker in detail and showed you the fees for trading:

See here an overview of all charges and costs:

💵 Deposit fees:	No
💸 Withdrawal fees:	No
💱 Currency conversion fees:	3%
💻 Account maintenance fees:	No
⏳ Inactivity fees:	No
⚡ Fees on digital options trades:	No
⏰ Overnight fees:	No
💱 Currency conversion fee:	No
📊 Market data fee:	No
📲 Trading platform fees:	No

Spead fees, commissions, and swap fees

Quotex is a binary options broker which allows the trader to trade digital contracts. There are no spread fees, commissions, or swap fees like in Forex, CFD, or stock trading.

💸 Commissions:	No
💱 Spread fee:	No
📊 Swap fee:	No

Cost for traders on the Quotex platform:

Quotex sets its profit percentage depending on the liquidity of the financial instrument. No commission is chargeable on a trading operation.

Markets

Quotex offers a wide choice of financial instruments, including currencies, like cryptocurrencies, indices, and commodities, including gold, silver, and oil. There are no additional fees for accessing the markets.

Quotex minimum deposit fees

The minimum deposit for Quotex is $10. The Quotex online binary broker offers you high payouts, so it is elementary to deposit. Various deposit options are available on this platform. This platform is perfect for starting a brokerage business as it charges no commission on deposits. 

Quotex provides its services 24 hours per day. The minimum trading value here is $1 per trade, but you can earn the maximum here. The brokers here offer a very high payout of up to 95% or higher.

Are there deposit fees?

The Quotex website is user-friendly. Therefore, it is easy to deposit with Quotex. The best methods are available for deposits; the merchants don’t have to pay any fees for deposits or withdrawals. There are multiple payments methods made available on the website; these include:

• Bank Card (no fees)

Visa Card and MasterCard

• Cryptocurrencies (no fees)

Coinbase, Bitcoin Cash, Ethereum, Ripple, Zcash, Dai, PaxosStandart, and USD Tether.

• Electronic payments (no fees)

Advcash, Perfect Money, and Plastrix

These payment methods are for instant submission. So the money deposited at any time can be credited instantly into the trading account. No confusion is caused to the clients by the brokers. The only goal is to save money in every way possible.

Currency conversion fee

On Quotex the currency conversion fee is about 3% per transaction. You are able to change your account currency every time you want. As you see in our example picture below, if we want to change USD into BRL, we have to pay the 3% fee.

Withdrawal fees

There are no fees for withdrawing, and you can receive the withdrawal of Quotex on the same payment method. There are no additional fees from Quotex.

Fees for charts and market data

These are the indicators that are easy to analyze and highly customizable. There are different varieties of indicators provided on the website that the user can use according to their taste. On the right of the chart, ordering screens are visible, which makes trading easy.

They are completely free to use. Also, the market data is for free, which is provided by Quotex

Demo account

The Quotex demo account provides complete access to the online trading features but not full access is given to certain features, including proprietary information.

The beginners have a great opportunity to work with the experts, gain experience from them, and learn various trading skills. You can sign up for free for the virtual account. There are no fees to use it.

Customer support

The website provides 24-hour customer support through live chats to resolve issues as soon as possible, and users face fewer hindrances. There are no fees to use the support features!

Email address: Support@quotex.io is available by the Quotex team for quick solutions to various users’ problems.

How does the broker earn money? – Earning model

Quotex serves as an intermediary, bringing together traders who want to speculate on the price fluctuations of different assets such as foreign currencies, commodities, or equities. Quotex matches a trader’s order to buy (go long) or sell (go short) a certain asset with other traders on the platform.

Quotex’s earnings strategy is based on the results of these binary options contracts. The broker does not collect a commission or charge a fee when a deal is executed. Instead, the broker profits from the disparity in outcomes between traders. Quotex’s profit is determined by the platform’s overall balance of winning and losing trades. 

Example

Let us consider an example. One trader goes long on the EUR/USD currency pair, while another goes short. If the long trader achieves a 95% return on their investment, the short trader incurs a loss of 100%. The difference of this 5% constitutes Quotex’s profit. In this scenario, the broker earns 5% of the trading volume generated by these two traders.

Scenario

Imagine X, a trader has initiated a call option on EUR/USD with $1000 and has predicted a rise in the price of EUR/USD. Meanwhile, Y, a trader, has initiated a put option on EUR/USD with $1000 and has predicted a fall in the price of EUR/USD.

Now, `let us assume X’s prediction was correct, and he earned a 95% profit (i.e., $950) on his trade, and Y’s prediction was incorrect, and he lost 100% of the whole investment (i.e., $1000).

Quotex’s Profit: Y’s loss – X’s Profit: $1000 – $950 = $50

FAQs – Frequently Asked Questions: