For trading in binary options, there are several platforms that provide the most reliable base, like Quotex. Even though there are many broker options, Quotex is proving to be the most trustworthy and open platform that provides great features for traders and does not give any false statements.
However, how good is the Quotex VIP account? Should you choose it or not? We will discuss the Quotex broker and its reliability factor also. In addition, you will be able to judge whether the VIP account is just as good as other account types.
What you will read in this Post
What is Quotex?
It is a new platform aimed to provide professional traders as well as novice traders with to stay in touch with the market and study its fluctuations. In addition, you can earn great profits by investing from this broker through a mobile app as well.
The regulation is given by the International Financial Market relation regulation center and is available in countries such as the USA, Canada, and even Hong Kong. You can either open a live account or a demo account as you register on the site. Now, this feature is quite unique as it lets you explore the broker platform without actually putting your own money on the site.
As you register to a demo account, $10,000 virtual funds are added to your demo account to pose as real money, which you can use as trade money and work through the market. By doing this, you can see the real results of trading and how much return you will get by investing a specific amount of money.
You can trade with a minimum amount of $1 and also use special features like trading indicators as well signals. Also, as an encouragement, you receive a 40% deposit on the initial deposit so that Quotex can bring more people on this platform to invest and trade.
Get a free deposit bonus of 50% at Quotex with our promotion code “bobroker50“
You can only use this bonus code by signing up via our website.
(Risk warning: Trading involves risks)
Features of a Quotex account
Let us see some of the features of the Quotex broker:
- With Quotex, every investment will fetch you high payout returns since you can choose among multiple assets and use the trade signals and indicators as well.
- Trade signals are guaranteed with Quotex, which informs you of any new instrument in the market.
- You do not have to pay any deposit or withdrawal fees and can deposit or withdraw a minimum of $1.
Additionally, there is an option for a free demo account where you receive free $10000 as a virtual fund to train yourself for the actual trading process. You can also see how the market moves up and down to understand trading better.
There is a variety of Trading accounts available such as the demo, standard, and VIP account, which comes with their own features.
Also, you’ll find professional and user-friendly customer support available 24×7 so that you can call up anytime and solve your queries.
You can download the mobile app and trade anywhere. There is a very low deposit requirement which is $1.
Types of accounts
The best part about trading with Quotex is that it requires a very low deposit fee which is a minimum of $1, before starting trading. In addition, you can choose from the types of accounts that we are going to discuss below:
To verify a standard account, you must pay a minimum deposit of $10 which will help you access a few asset options for trading to gain profits. This account is especially recommended for a beginner who can only invest low amounts as they are new to this game.
However, once you get the hang of trading, you can even invest on a deposit of up to $1000 and move on to the pro account, which will give you some premium benefits as a part of the standard account features.
The VIP account is for those really professional traders who know everything binary options in trading. However, you will have to deposit a minimum of $5000 to reap the benefits of a VIP account which might seem excessive but will give you returns in heaps.
About Quotex VIP account
The Quotex VIP account unlocks only when the trader deposits $5000 as a minimum amount. After that, you can reap all benefits like multiple asset options such as cryptocurrency, indices, commodities, etc., special features such as trading signals, indicators, etc.
Even though it looks too much to deposit, the more you invest, the more would be the return on the investment value.
But, only those that are equipped with the vast knowledge of trading in binary options should open this account since there are high risks involved.
Moreover, professional traders are used to such high stakes, and they can handle the market positions well than a newbie. People can even copy the strategies of the highly professional traders and earn some profit for themselves.
Is Quotex safe and reliable for use?
A license from the IFMRRC, i.e., the International Financial Market Relations regulation center, means that the platform has guaranteed that Quotex is reliable and can be held responsible if there is any illegal behavior on the website.
The platform is a sub-let of the Awesomo Limited company and is also registered in Seychelles. The IFMRRC regulations include features such as fund compensation for those members reimbursing their customers to avoid license violation or incapability to pay the amount.
However, no government financial regulator complies with their company which is quite common for digital binary brokers as most of them do not have government regulators.
Conclusion: The VIP account is the best option
Quotex has become one of the best platforms for trading binary options with better payouts and very minimum deposit amounts. However, it is crucial for a broker to be reliable because you could be putting your hard-earned money in danger.
Therefore, check for the genuineness and authenticity of these brokers, keeping in mind the bonus amount. Similarly, Quotex provides a 40% bonus on the deposit amount submitted initially as an encouragement for the traders. However, one must qualify for the bonuses to be able to use them.