Quotex Review
Digital Options · 50+ Assets
From $10 · $1 Trades
Fast Proprietary Platform
Unregulated / Offshore
Quotex at a Glance — Platform Profile & Stats
What is Quotex?
Quotex (QX Broker) is a digital/binary options platform with a fast proprietary web & mobile interface, a $10 minimum and 50+ assets.
Regulation & Legal Status
Quotex is unregulated, operated offshore by On Spot LLC in St. Kitts & Nevis. Its former IFMRRC registration expired in 2021.
What Users Say
Quotex shows a Trustpilot score around 4.3 / 5, but reviews are polarised and external warnings exist.
Entry & Funding
Minimum deposit $10, trades from $1, funded via crypto and cards, plus a free demo.
Platform, Assets & Payouts
Platform
Fast proprietary web and mobile platform with real-time quotes and a simple click-to-trade interface (no MT4/MT5).
Assets
50+ assets across forex, commodities, crypto and indices as fixed-time options.
Payouts
Advertised payouts up to 98% on winning trades.
Deposits & Withdrawals
Crypto (USDT/BTC) and card funding with low minimums.
Top Quotex Alternatives
Deriv
A long-established options/CFD broker that is regulated in multiple jurisdictions.
IQ Option
Popular options platform with a polished interface (offshore).
Pocket Option
Another offshore options platform with low minimums.
Olymp Trade
Fixed-time trading platform with education features.
How It Works & Risks
How It Works
You predict whether an asset's price will rise or fall within a fixed time; a correct call pays the set percentage, a wrong call loses the stake.
Payout Structure
Returns are fixed per trade (up to ~98%) rather than based on how far the price moves. A win pays that percentage of your stake; a loss costs 100% of it. That asymmetry is the house edge, and it sets the win rate you need simply to break even: 1 ÷ (1 + payout).
| Payout | Break-even win rate | Return on a 50/50 call |
|---|---|---|
| 98% | 50.51% | −1% per trade |
| 82% | 54.95% | −9% per trade |
| 68% | 59.52% | −16% per trade |
Risk Warning
Digital options are speculative and many regulators restrict or ban them for retail clients.
Who Should Avoid It
Beginners seeking 'easy money', and anyone in a jurisdiction where binary options are restricted.
Video Guides & Reviews
Pros and Cons of Quotex
Quotex reviews highlight many positives such as low entry deposits, advanced quotex features, and a user-friendly platform. Traders benefit from flexible plans of quotex, strong quotex Leverage options, and responsive customer support. However, the Pros and Cons of quotex include limitations like restricted availability in certain regions and fewer assets compared to larger brokers. A quotex Broker Review shows its mobile trading and quotex MT4 Account are advantages, while its asset diversity is limited. Overall, the Pros and Cons of quotex suggest it is excellent for affordability and ease of use but may not satisfy advanced asset traders.
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What is the Pricing of Quotex?
The pricing of Quotex does not work the way a CFD broker's does, because Quotex is a fixed-time digital options platform rather than a spread-based broker. Your cost is built into the payout: a correct call pays the advertised rate, up to about 98%, and an incorrect one loses the entire stake, so the house edge sits inside that payout rather than in a visible fee. Payout rates are variable and have been observed dropping by asset and by time of day — for example from 82% to 68% — which means the effective cost of trading is not fixed. Entry itself is small: a $10 minimum deposit, trades from $1, funding by card or crypto, and a free demo. Weigh that low entry against the larger risk rather than the headline cost. Quotex is unregulated, operated offshore by On Spot LLC in St Kitts and Nevis, its former IFMRRC registration expired in 2021, the Financial Commission has issued a warning about it, and digital options are restricted or banned for retail clients in many countries.
Comparing Quotex vs Binomo
Comparing quotex vs binomo reveals different strengths. Quotex reviews emphasize its easy interface, low Pricing of quotex, and strong security. Binomo focuses on broader education and training tools. A quotex forex broker review highlights its reliability, while a quotex Broker Review shows flexibility. Plans of quotex include affordable deposits and quotex features such as quick execution, while Binomo offers larger asset exposure. In a quotex comparison, affordability and transparency stand out. Overall, quotex vs binomo shows both serve traders differently depending on preferences.
Why Choose Quotex? What Stands Out — and What to Watch
What stands out: a $10 minimum deposit, trades from $1, a free demo and a fast proprietary web and mobile platform covering 50+ assets. Entry is about as cheap as this industry gets.
What to watch is everything else. Quotex is not regulated by any financial authority. It is operated offshore by On Spot LLC in St Kitts and Nevis, its IFMRRC registration expired in 2021, and the Financial Commission has published a warning about it, so if a withdrawal is refused there is no regulator, compensation scheme or ombudsman to appeal to. There is no MT4 or MT5, and no leverage in the CFD sense: every trade is an all-or-nothing fixed-time option whose payout Quotex sets itself, on a price feed Quotex publishes itself. Payouts have been observed falling from 82% to 68% by asset and time of day, and at a 98% payout you already need to win more than 50.5% of your trades to break even — at 68% you need almost 60%.
Who should look elsewhere: anyone who wants a comparable product with a regulator behind it. Deriv offers options and CFDs and is regulated in several jurisdictions; this platform is not.
Frequently Asked Questions