How to Trade on Quotex | Full Trading Tutorial

Since 2019, Quotex has been a trusted name in binary options for markets like forex, indices, and stocks. The trading platform has a low minimum deposit and a simple onboarding process for new traders. We will cover this here: a tutorial on how to begin your trading journey with Quotex.

Which Assets Can You Trade on Quotex?

It’s worth noting that many of Quotex’s assets are OTC or over-the-counter. These markets are artificial versions of their real counterparts, tradable 24/7.

Forex

Forex is the trading of foreign currencies like the US dollar (USD), British pound (GBP) and Euro (EUR). We quote these currencies in pairs where we buy or sell one against the other.

EUR/GBP is the only non-OTC forex pair on Quotex.

Commodities

A commodity is a raw product or natural resource used for manufacturing many consumer products. We classify commodities as ‘hard’ or ‘soft.’ Hard commodities are those that must be mined like oil, gold, and silver. Meanwhile, soft commodities are agricultural products like corn, coffee, and soybeans.

Quotex provides four commodities: US crude oil, UK Brent oil, silver, and gold. The latter two are non-OTC.

Cryptocurrencies

A cryptocurrency is a digital currency created and secured by cryptography, typically on a blockchain. Quotex currently offers Bitcoin on its platform.

Stocks

A stock represents a share in a publicly traded company. You can trade the following stocks on Quotex:

• Intel
• Johnson & Johnson
• McDonald’s
• Microsoft
• American Express
• Pfizer
• Boeing Company
• Facebook

Indices

An index (indices for plural) refers to a collection or basket of several markets, usually stocks. Indices are the only non-OTC asset class on Quotex. Below is a list of the tradable indices on the platform:

• S&P / ASX 200 (top 200 stocks listed on the Australian Securities Exchange)
• FTSE China A50 (index by the FTSE Group with 50 top stocks from large Chinese stock exchanges)
• Dow Jones (30 prominent companies listed on American stock exchanges)
• CAC 40 (top 40 stocks listed on Euronext Paris)
• Hong Kong 50 (top 50 stocks on Hong Kong’s Stock Exchange)
• FTSE 100 (top 100 stocks listed on the London Stock Exchange)
• IBEX 35 (top 35 stocks on Spain’s Bolsa de Madrid)
• Italy 40 (index for the top 40 stocks on the Borsa Italiana)
• Nikkei 225 (225 top stocks on the Tokyo Stock Exchange)
• NASDAQ 100 (100 of the largest non-financial stocks on NASDAQ)
• EURO STOXX 50 (top 50 stocks from 11 nations in the Eurozone)

Best binary broker:

› Open your free account

(Risk warning: Trading is risky)

Quotex - Trade with high profits

123455/5

Quotex - Trade with high profits

• Min. deposit $10
• $10,000 Demo
• Fast Execution
• High Profit up to 95%
• Fast Withdrawals
• Free Signals

› Open your free account

(Risk warning: Trading is risky)

Types of Accounts Offered on Quotex

Here’s a brief look at the accounts available on Quotex:

• Demo account: an account with a virtual balance of $10,000 that helps new traders learn more about binary options on Quotex.
• Standard account: This is the basic live account on Quotex. Users can start with a minimum of $10 and get a maximum payout of 95%.
• Pro account: This live account is designed for more active traders and requires a minimum $5,000 deposit. The main difference from the standard account is a 2% bump in the payout.
• VIP account: this live account compliments the elite binary options trader. It requires a minimum deposit of $10,000 and offers better promos and deals. Moreover, traders can experience an additional 4% in payouts.

How Do You Open An Account With Quotex?

Like many brokers, it’s best to begin on a demo account to familiarise yourself with their platform. This is how you sign up with Quotex, which is possible via email, Facebook or Gmail (in some countries, VK).

1. Visit Quotex’s official website.
2. Click on Registration once on the homepage, bringing up the Sign up page.
3. Enter your country of residence, preferred currency (EUR, USD, GBP, BRL), email address and password.
4. Tick the boxes to agree to the Service Agreement and declare you are a non-US citizen.
5. Click Registration, which will open a page showing a trading chart. Check your mail where you should have received a message to verify your address.

You should be on the Quotex trading platform. The top right corner of your screen allows you to toggle between a Demo and a Live account. Once comfortable and confident with the demo stage, you can focus on the latter. 

Here are the steps to be verified with a live account.

1. In the Account tab of your profile, enter your first name, last name, date of birth, and physical address.
2. Click Save at the bottom.
3. Upload the identification documents that Quotex asks for. Also, confirm you are a non-US resident (choose Other) before clicking Continue.

This process should be completed in five minutes. However, on rare occasions, it may take at least two working days. In the Documents Verification tab, you’ll see that your identity has been verified.

Trading Binary Options on Quotex

Binary options are an all-or-nothing trading style of a financial market in which a predetermined payout or loss applies. Thus, it’s referred to as ‘binary’ since there are always two known outcomes.

The simplest binary option (the up/down) is where you bet whether a market will be above or below a particular strike price before expiry. 

The basic elements of any binary options trade include:

• The underlying asset (e.g., a stock, forex pair, crypto pair, commodity)
• The strike price: the level that a trader believes the market will be below or above by the expiry time.
• Expiry time

Let’s cover a quick example. Assume that the underlying asset was EUR/USD trading at 1.08130, and the trader believed it would be worth 1.08110 (the strike price) in the next minute (the expiry time). So, betting $100 on this trade on Quotex would provide a potential payout of $95 (95% payout percentage), with the potential to lose $100.

With a $100 bet, the trader would either gain $95 in their account if the euro reached the strike price in a minute or lose $100 if it didn’t before the expiry time.

Quotex provides standard up/down binary options with the following expiry times:

• 5 seconds; 10 seconds; 15 seconds; 30 seconds; 1 minute; 2 minutes; 5 minutes; 10 minutes; 15 minutes; 30 minutes; 1 hour; 2 hours; 4 hours

As mentioned, the most straightforward binary option is the up/down (also called the high/low or call/put). Other popular binary options offered by other brokers include range/boundary, touch/no touch, and ladder, among others.

Quotex allows you to close your trade before the expiry time. Depending on when you exited the position, the result may be a partial win or loss.

Best binary broker:

› Open your free account

(Risk warning: Trading is risky)

Quotex - Trade with high profits

123455/5

Quotex - Trade with high profits

• Min. deposit $10
• $10,000 Demo
• Fast Execution
• High Profit up to 95%
• Fast Withdrawals
• Free Signals

› Open your free account

(Risk warning: Trading is risky)

Quotex’s Fees And Costs

Quotex boasts a simple cost structure with minimal fees. The broker doesn’t charge any commissions or spreads. It profits mainly from losses incurred by traders when binary options go against their favour.

How to Withdraw Money From Quotex

The withdrawal methods on Quotex include VISA/Mastercard, bank wire, Perfect Money and cryptocurrencies. It’s worth noting that you can only withdraw via the payment choice used when depositing.

$10 is the minimum withdrawal amount for most methods. Meanwhile, it’s at least $50 for cryptocurrencies like Bitcoin, Ethereum, USD Tether and Bitcoin Cash. Larger withdrawals may require quick additional verification to prevent financial fraud and other illegal activity. However, this process can happen at any time at Quotex’s discretion.

The withdrawal time is between 1 and 5 business days. Yet Quotex strives to process requests on the day they are made for better customer service.

Let’s briefly go through the steps to withdraw money from Quotex:

1. Log into your Quotex account.
2. Navigate to Withdrawal at the top right of your screen.
3. Enter the necessary transaction details (amount, payment method, etc.).
4. Hit Confirm.
5. Check for the status of the withdrawal in the same section.

Conclusion

Quotex is truly a no-fuss binary options trading platform suitable for all experience levels. It keeps things simple with a stripped-down selection of markets and one kind of binary options trading. Quotex is also affordable and has a straightforward, minimal fee system.

The platform also offers something for users who prefer pre-generated trading ideas through its integrated signals. Finally, Quotex provides worthwhile perks to traders who can dedicate more funds to trading with the Pro and VIP accounts.

Overall, it’s a highly recommended service for trading binary options.

FAQ – Most asked questions about trading on Quotex