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In this review, we aim to provide you with essential insights into the safety and regulatory aspects of QUOTEX before you decide to open an account. Is QUOTEX a trustworthy platform, or is it potentially a scam? Keep reading to find out.
In today’s digital age, it’s crucial for investors to verify the credibility of online brokers. To determine if your chosen broker is safe, there are several key factors to consider.
One of the most direct methods to assess a broker’s safety is by checking for a valid license issued by a reputable financial institution. Additionally, examining user ratings and reviews can provide valuable insights.
The company behind QUOTEX, Awesomo LTD, is a member of the IFMRRC (International Financial Market Relations Regulation Centre). Users also commend the platform’s app for its speed, responsiveness, and user-friendliness.
However, it’s important to note that QUOTEX lacks regulation at the state level, which means that its operations may be restricted or prohibited in some countries.
QUOTEX’s legitimacy is bolstered by the fact that its operating entity, Awesomo LTD, is registered in the Seychelles and holds membership (membership number TSRF RU 0395 AA V0161) in the IFMRRC. The broker’s track record remains stable, as evidenced by positive reviews on industry websites such as www.binaryoptions.net.
QUOTEX is accessible in all South American countries, African nations, and the majority of Asian countries.
However, while QUOTEX is not officially banned in any country or territory, it is not functional in the following regions:
- Canada
- The European Union
- Indonesia
- Russia
- USA
QUOTEX is unable to serve U.S. clients because the USA enforces stringent regulatory standards for brokers. Since QUOTEX lacks regulation within the USA, it cannot accept U.S. traders and is not authorized to do so.
QUOTEX has implemented various security measures to protect traders’ private information and funds. The platform employs SSL encryption to secure data transmitted between users and the platform.
Additionally, Awesomo Ltd’s membership in the IFMRRC serves as a third-party conflict resolution body, safeguarding traders’ funds in the event of a significant financial setback for QUOTEX.
The QUOTEX trading experience comes with a set of advantages and disadvantages that you should weigh carefully:
- Minimum deposit of $10 with no additional deposit fees, supporting various currencies and payment methods.
- Attractive deposit bonus of up to 50%. Be sure to use a Quotex promo code to get a 50% bonus when you sign up.
- Diverse asset options, including global currencies, commodities, stocks, and cryptocurrencies.
- User-friendly web interface accessible via computers and smartphones, with a feature-rich app.
- Access to a free demo account with a $10,000 practice fund and instructional videos.
- Protection of personal and payment information through SSL encryption.
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- Inability to withdraw deposit bonuses.
- Absence of state-level regulation.
QUOTEX is an international online broker specializing in digital options trading, offering earning potential of up to 95% with a minimum deposit of $10. It provides a wide range of trading options, including currencies, commodities, cryptocurrencies, and stocks.
QUOTEX accommodates international clients from various countries worldwide, making it accessible via web interfaces on computers and smartphones. However, the platform is not functional in Canada, the European Union, Indonesia, Russia, and the USA.
QUOTEX’s legitimacy remains unblemished by any reported incidents. However, its availability for broker services is contingent on the specific regulations governing the CFD and binary options market in individual countries.
QUOTEX offers the flexibility to conduct transactions in various currencies, including the US Dollar, Euro, Pound Sterling, and Indian Rupee. These currencies can be used for trading on major stock exchanges, commodities, and cryptocurrencies.”
Yes, Quotex is regulated by the International Financial Market Relations Regulation Center (IFMRRC). Although the IFMRRC regulation doesn’t fall under the purview of an official financial authority, it operates as an international and independent regulatory organization. This means that Quotex isn’t subject to country-specific financial authority regulations.
Based on our team’s extensive experience, we can confidently affirm that Quotex is a secure and trustworthy online broker. We have thoroughly tested the platform and have chosen it as our main trading broker due to its exceptionally fast and efficient deposit and withdrawal processes.
If you want to learn more about the Top Quotex Trading Strategies, read our article here!