Quotex Review: No, this Platform will not make you profits.

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Quotex Review
  • Fund Safety
  • Regulation
  • Customer Support
0.5

Summary

Quotex is a company that is operating on its own accord. The broker is not licensed by the government to conduct their business. A company that is offering financial services to members of the public needs to have a license.

Quotex is a company that claims it is innovative and wants to assist investors achieves their goals. The broker allegedly uses technology to generate high returns. They also have a demo account that traders can utilize to familiarize themselves with the trading activities.

Unfortunately, scammers have a way of manipulating information and you might think that you are making profits. The simulations which the fraudsters present will confuse you into thinking you are ready to start trading on your own.

However, the case will be different. Quotex also has a free practice that will assist their clients to generate returns. The platform believes that its trading interface is comfortable and easy to use. Therefore, you will not waste time doing the same thing over and over.

Quotex Review, Quotex Company

You will concentrate on the major things. The signal which the entity sends to their clients allegedly has an accuracy of 87%. Therefore, you will be able to trade consciously using an effective strategy.

The firm is not licensed and trading with such a platform exposes you to several risks. It is a big mistake to trade with an entity that is based in an offshore location. Their survival in the market is not guaranteed.

Quotex.io Review

Quotex claim that it has gathered the best trading indicators for their clients. They state that the indictors will assist in increasing your account balance. Moreover, investors allegedly can also copy the trading strategy of the expert investors.

The platform believes it has the fastest trading speed in the market. The use of technology assists them in getting the best. The venture is also providing training to its clients. You will be learning from the experienced traders that have ventured with them.

Unfortunately, we do not know the qualification of the people that are managing this entity. Moreover, the educational opportunity which the broker promises we do not know if it is of high quality. You need to make the best prognosis on whether the price will hike or go down.

Quotex is a company that has a quick account opening process. Once you provide them with the necessary info the venture will help you to make high returns. Sadly, this is a scam that is surrounded by multiple red flags.

Invest with regulated and genuine forex trading companies that are reliable and trustworthy. You will be able to earn genuine funds at the comfort of your home. Additionally, these ventures are reputable with perfect trading history.

Trading Conditions

The company does not provide investors with the MT4 trading platform.  You will trade with a web-based interface that doesn’t have multiple features. The firm is allegedly trading indices, forex, and cryptos.

The leverage and spread that this venture is offering their customers are unknown. Investors need to be cautious because you will not know what you are signing up for. There are legit investment entities that you can use in the world.

Withdrawal and Deposits

Quotex is a platform that accepts a minimum amount of $10. They have two investment accounts; the demo and live account. You can cash in using WebMoney, Skrill, QIWI, and Yandex. These are also the same methods that you will use to withdraw money.

However, this broker fails to provide sufficient information regarding the minimum amount that you can withdrawal. The only thing that we know is that the company has the right to limit the amount to be cashed out depending on the payment method that you choose to cash out with and the currency.

Quotex Scam Review, Quotex Features

What this entity is subjecting its clients to is not right. Legit entities do not have such shady requirements for their customers. The firm will also take a duration of 7 to 14 days to process your withdrawal requests.

Quotex has no intention of giving their clients their funds back or generating returns for them. The platform is a nasty scam that will say anything to build a name for them. However, there is nothing positive that will come out of this entity. It is best to find reliable and genuine ventures.

Regulation Status

Quotex is a company that is operating on its own accord. The broker is not licensed by the government to conduct their business. A company that is offering financial services to members of the public needs to have a license.

In all their area of operation, the venture should be regulated. Unfortunately, this is an offshore firm that does not care about the law. They will do whatever they please without minding the outcome. You will not get fund safety from this firm.

Quotex is a scam in the making that does not care about the wellbeing of its customers. The platform does not report their daily activities to financial bodies. Hence your money is at high risk of being misused for the wrong purposes.

Once this firm exits the market there is nothing that you will do and your money will be trapped in their system. The authority will not be able to help you. Investing with a platform that is licensed comes with multiple advantages.

Customer Support

There is no single scammer who wants to help investors make returns. Therefore, the customer support of these fraudulent entities is terrible. They will never respond to your query or contact you back.

The entity that is managing the operation of this entity is based in Seychelles. The broker also states that it is licensed by IFMRRC (International Financial Market Relations Regulation Center). However, when we checked them on their database we were not surprised by the entity missing.

The broker does not have a license from Seychelles Financial Authority. Trading with a venture that does not segregate the funds of the investors exposes you to several risks. The customer support of this entity is also unprofessional.

The only time that they will contact you is when the broker needs more funds. If you try reaching them the firm will even blacklist you. Investors should put their safety as their priority. Trade with the best brokers today.

The Domain Insight

Quotex.io is a venture that does not have a trading history. The company made its first digital footprint in January 2020. Their domain name will expire in 2025. If this platform will still be in existence at this time please avoid them.

The firm has chosen to operate in anonymity. The people running this platform have no intention of blowing up their cover. There are better opportunities in the market that you can use to invest. Despite this broker not being regulated it has high alexa traffic of 170,542. Their clients come from Russia, India, and Turkey.

Final Verdict

Quotex is a company that has generic information. The FAQ page of this venture answers basic questions regarding forex trading activities. However, information regarding how this entity is operating is concealed.

The platform only brags that it is using innovative trading mechanisms. Nonetheless, there is no evidence that this entity is generating good returns. Investors need to careful when investing with platforms that are not reputable.

Here are some of the best forex trading brokers in the market that have a trading history. These ventures are transparent and will provide you with real-time returns. Invest with them today to transform your trading activity.

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