Pocket Option Alternative
hey i have a great experience with quotex Pocket Option Bot Signal . its interface is user friendly and I have also recommended my friends to use quotex Compared to other trading platforms it's give much faster withdrawals or all its very smoothing experience for me.
How long does it take for a Pocket Option to pay? In case of using electronic payment methods, the transaction time can vary from seconds to days. In case of using direct bank wire, the transaction time can be from 3 up to 45 business days.
Does pocket money really work? The Pocket Money app is indeed real and not fake . It is a legitimate mobile application that helps users track their expenses , set budgets , and manage their finances . The app has been featured in various reputable publications and has received positive reviews from users .
It is one of the best trading platforms where you can profit easily and enjoy some advantages that help you profit in addition to the ability to withdraw and deposit easily
Yahya Sarkar I highly recommend beginner traders to use quotex . I'm not giving any fake review. Pocket Option Day Off Tournament . I'm telling this on the basis of my experience (1year+) . If you do not understand other trading applications interface then quotex is here for you. . I also loved the customer service as well. Abdallah AliQuotex is the best broker platform I have ever seen. It doesn't matter if you are beginner or professional Quotex is the best platform for all of us. If you are trying to begin your career of trading or just want to improve it further then Quotex is the only best option for you. Happy Trading!
- Saqib Iqbal Author
- Hannah Jones Editor
- 15 min read -->
- Published: February 06, 2021
- Updated: February 24, 2023
- Views: 4466
- Quotex Review: How they Stand Out
- Quotex Review of Product Offerings
- How to Trade with Quotex
- Quotex Review of Funding and Withdrawal Methods
- Quotex Review of Its Trading Platform
- Review of Quotex Accepted Countries
- Quotex Promotions and Deposit Bonuses
- Quotex Review of Safety of Funds
- Is Quotex Regulated?
- Quotex Support
- FAQs
- Quotex Review: How they Stand Out
- Quotex Review of Product Offerings
- How to Trade with Quotex
- Quotex Review of Funding and Withdrawal Methods
- Quotex Review of Its Trading Platform
- Review of Quotex Accepted Countries
- Quotex Promotions and Deposit Bonuses
- Quotex Review of Safety of Funds
- Is Quotex Regulated?
- Quotex Support
- FAQs
Here’s a review of Quotex to help you decide if they are the right broker for you. Quotex is a binary options broker that has been in operation since 2019. It has a 4.8 rating on Trustpilot, and you can open an account for as little as $10.
Quotex offers up to 98% payouts on trades lasting from five seconds up to four hours. You can choose your own expiry, down to the second. For example, a 73 second expiry. Many other binary options brokers don’t offer that kind of customization.
Quotex definitely has some good features, but can they be trusted? Let’s dig into the details of this broker to help you decide if you want to trade with them.
Introduction Pocket Option Alternative
Before we get into the details, here is a quick review of what Quotex does really well, and not so well.
Quotex Perks:
- $10 minimum deposit – The low minimum deposit means anyone with $10 can start trading. Other brokers may require much more.
- Customizable options expiry – Choose exactly when you want your option to expire, down to the second. Choose any length of time between five seconds and four hours.
- 4.8 rating on Trustpilot – There are lots of happy Quotex customers.
- Built in trade signals – The Quotex platform provides a steady stream of trade recommendations based on technical analysis.
- Deposit bonus – a 30% bonus on your first deposit, regardless of size (bonus can not be withdrawn).
- No fees – Quotex doesn’t charge withdrawal or deposit fees, nor trading or account fees.
- Lots of asset choices – Trade binary options on stocks, currencies, and commodities.
- Exit trades before expiry – you can exit trades before expiry for a partial loss. This saves you money when a trade isn’t unfolding how you expected.
Quotex Disadvantages:
- Minimal live support: You can use the Quotex contact form or social media, but no phone numbers or live chart are offered.
- No regulation – Quotex is not regulated and client funds are not kept separate from Quotex’s funds.
- Deposit bonus can’t be withdrawn – Any deposit bonus received can only be used for trading, and can’t be withdrawn.
More details on all these points are below, along with a lot more to know about this broker before you sign up.
- Top 10 Fun Facts About Forex Trading
- Intrade.Bar Unleashed: Squeezing Potential in Binary Options Trading
- Pip calculator
- Trading Strategy: ALMA with Moving Averages
- Pocket Option review 2024: pros & cons
- Backslide to the Beautiful World of Classical Patterns
Quotex Review of Product Offerings
Quotex offers a wide range of trading products. In this section I’ll give you a detailed overview of what assets you can trade with Quotex.
In terms of forex pairs, you have lots of choices. You can trade binary options on the following pairs.
Forex Pairs
Commodities
There are several commodities that you can trade with Quotex.
Stock Indices
There are also a number of indices and stocks you can trade.
FTSE China A50 Index
Stocks
Quotex offers trades on several well-known stocks.
Quotex doesn’t charge commissions on trades. Rather, you can make up to a 98% profit on your invested amount if you correctly pick whether the asset will be above or below the opening price of the trade (the strike price) when the trade expires. You can choose an expiry, before the trade, from 5 seconds up to 4 hours.
Further reading- Live Currency Heat Map
- Trading Strategy: ALMA with Moving Averages
- How long to learn binary options trading in 2024?
- CXMARKETS BROKER REVIEW 2024: COST AND BENEFITS
- Moon Bitcoins Review 2024 (Legit Or Scam)
- Learn All About Derivatives Trading, What It Is and How It Works
How to Trade with Quotex
Here I’ll review the process for trading with Quotex. The process is quite straightforward. Let’s dig in.
When you open the web trading platform or app, you’ll see a chart with the price history of the asset. Click on the “+” button to choose a different asset from the list provided. Recently traded instruments appear as buttons along the top of the screen. Click on one to open its chart.
Along the left side of the screen or along the bottom of the chart (depending on app or web version) you will see Up and Down buttons, along with Time and Investment boxes. You’ll also see the asset you are currently trading (or will be placing a trade in if you click the Up or Down button) along with the payout percentage if your trade is profitable.
The Time box is where you choose your expiry. Choosing an expiry is an important part of the binary options trading process. The price at expiry determines whether your trade is profitable or not.
Investment is how much capital you want to put into the trade. If your trade is unprofitable, you will lose this amount. If your prediction is correct you will make anywhere from 25% to 98% on this amount.
Choose your investment amount carefully. Most professional traders risk 2% or less of their account on each trade. So if you have a $100 account, this equates to investing $1 or $2 on each trade.
Up: Clicking this button means you believe the price will be above the current price (when you click the Up button) when the trade expires. If the EUR/USD is trading at 1.1255, when you click the Up button, the price needs to be above that at the exact moment the option expires in order for your trade to be profitable.
The payout is shown below the Up button. In this case, $1000 is being invested, and the payout is 90%. Thus the payout is $1900 if the trade is profitable ($900 in profit, plus the initial $1000 is returned). If the price at expiry is below the price at expiration, the $1000 is lost.
Down: If you click Down, you expect the price to move lower after you click the button. If you are correct, you receive the payout amount. If you are wrong, the investment is lost.
Once a trade is open, you will see a countdown clock next to the trade. It will also provide you with the option to close the trade before expiry. It will show you how much of your investment you will receive back. This is useful if the trade isn’t likely to be profitable.
In this case, the trade is in profit, with 26 seconds left until expiry, so it doesn’t make sense to close it early. However, if the trade were in an unprofitable position, it could be closed by clicking “sell now” to receive that amount of money back.
That’s a quick review of how to trade with Quotex. Next, we’ll look at other things you need to know about Quotex while conducting your review.
Further reading- The 80/20 rule In Trading. How To Implement It?
- FEATURES OF ISLAMIC ACCOUNTS FOR TRADING IN BINARY OPTIONS AND FOREX
- Top Five Richest and Most Influential Traders Today
- What is Forex? Unknown Facts & Figures (The Ultimate Guide)
- Take-profit and stop-loss on the IQ option platform!
- What Is an Option
Quotex Review of Funding and Withdrawal Methods
Traders need to be able to deposit and withdraw funds quickly. Here’s what Quotex offers in terms of deposit and withdrawal methods, as well as processing times.
Finding a method to deposit or withdraw money shouldn’t be a problem with Quotex io. They offer a wide range of deposit and withdrawal options. Here’s what they are:
- Credit Cards
- AdvCash
- Perfect Money
- MoMo
- Crypto (BTC, USDT (on ERC, TRC, BEP), ETH, Dash, Doge, LTC, Binance Coin, Dai, or Bitcoin Cash)
- Coinbase
- Bank Transfer
- Bank of Vietnam
- QR Banking
Withdrawals can take one to five days to process. Although the company claims that they try to process withdrawal requests on the day they are received. Deposits are typically deposited instantly, once they are received by Quotex.
Each payment method has their own processing time which is out of the hands of Quotex. Quotex does not charge a fee on deposits or withdrawals, although the payment processor you use may charge a fee for their service. The minimum deposit amount is US$10, or an equivalent in another currency. The minimum withdrawal amount is also US$10 or equivalent.
Further reading- Trader’s profitability Calculator
- Learn to Use the Economic Calendar: Binary Options Trading
- Intrade.Bar Unleashed: Squeezing Potential in Binary Options Trading
- The Story Behind the MBA Forex Scam and Closure
- Investors take Forex platform ROFX and its founders to court
- EasyOption Review 2024: Is It Worth It?
Quotex Review of Its Trading Platform
Trade from your phone on Apple or Android devices, or trade from your desktop on PC or Mac. Here’s a review of the Quotex trading platform.
The trading platform is how you make trades, and is also a source of information. The trading platform provides you with charts and analysis tools, as well as account information, balances, trade history, and the ability to deposit and withdraw.
Using the Quotex trading platform is fairly straightforward for trading, as discussed in the “How to Trade with Quotex” section. Here are the benefits of the platform:
I must admit, the platform is very easy to use. It is well designed for making trades.
Quotex Trade Signals
The integrated signals are easy to use as well. Click on the signal tab in the platform, and then click on a signal to pull up a chart of that asset. The signal tells you which expiry to select, and which direction to trade (up or down).
The platform also offers a total of 29 technical indicators that you can add to your chart to help with your trade selection.