Quotex Review for 2026: Digital Options Trading

Founded in 2019, Quotex is a digital options trading platform operated by ON SPOT GROUP LLC, with a listed address in Charlestown, St. Kitts and Nevis.

While this platform gives you the chance to make fixed-return payouts on correct price predictions, you must proceed cautiously, since the trading risk may also be significant.

Quotex Overview

Quotex is a digital options broker doing business in over 100 countries. It’s an offshore company that accepts clients from many different backgrounds.

Trading with Quotex comes with high risk and potentially high fixed payouts if you correctly predict short-term price moves.

With Quotex, you can earn up to 98% by correctly trading on the markets.

For example, if you stake $100 on the price of a currency pair with a 98% payout rate to go up after one minute, you could get a payout of $198 if that’s correct.

As you’d expect, you can access the platform via desktop or mobile devices, either through a browser or through the official Android app.

iPhone and iPad users are directed to use Quotex as a Progressive Web App rather than through an official App Store listing.

Note that Quotex currently isn't a regulated broker, and the official site does not present it as a licensed financial regulator-supervised brokerage. Its support, payment, and policy pages do, however, outline identity verification, payment rules, and withdrawal procedures.

Always proceed with caution, given that frauds and scams are fairly common in binary options trading.

Markets and Assets

Compared to more established online brokers, Quotex still has a relatively limited selection of markets on offer. Still, you can trade in some popular assets via this trading platform, including:

• Indices
• Currencies
• Commodities 
• Cryptocurrencies
• Stocks

So, you can invest in Bitcoin, Ethereum, Litecoin, gold and other precious metals, energies, and many other goods.

Logging In

Signing up for an account is a quick procedure that differs slightly depending on whether you register on a computer or a mobile app. However, logging in is quite simple, and it goes like this:

1. Go to the Log in option in the upper-right corner of your trading account.
2. Enter your credentials.
3. Once your login is confirmed, you can start trading.

Your First Trade

Once you’ve logged in, do the following:

1. Select the asset you wish to trade with.
2. Choose an expiration time for the trade. Quotex says traders set the execution time themselves, with examples ranging from 1 minute to 2 hours or longer depending on the contract.
3. Input the amount you’re willing to risk.
4. Choose between the down and up options depending on whether you think the price will drop or rise.

Note that you can use indicators for technical analysis.

If you’d like to test your trading skills before starting trading for real, you can open a demo account for free without having to provide any personal data.

Demo Account

A Quotex demo account is a helpful tool for both beginners and seasoned veterans because it allows you to: 

• Adapt to the trading platform.
• Acquire the knowledge you need to make good predictions.
• Improve your skills by testing out different trading strategies.

You'll feel like you're trading as your virtual account balance fluctuates from its starting point of $10,000, which you can restore whenever you want. 

Trading Conditions

Trading through Quotex promises high earnings if you can predict volatile market movements correctly. In that regard, this binary option platform offers attractive bonuses. So, let's see what general trading conditions are:

• The minimum deposit amount is $10.
• The lowest trade amount is $1.
• The highest trade amount is $1.000.
• The yield is up to 98%.

The platform also states that deposits are free of charge.

For withdrawals, the FAQ says a 3% fee applies starting from the third withdrawal within the same day, and payment systems may also apply their own fees or conversion rates.

Payment Methods

There are several payment methods available:

• Credit cards
• Online banking
• Cryptocurrencies
• eWallets

The smallest amount you can withdraw is $10. For cryptocurrencies, however, this amount starts at the equivalent of $50 and can get even higher, for example in the case of Bitcoin.

Customer Support & Satisfaction

Customer support is available in the Contact section or via the support section inside your profile. If you can’t access your account, Quotex directs you to its contact form on the official site.

The broker has a mixed reputation among users, with most common issues having to do with slower customer support or withdrawal times. The positive reviews mostly have to do with the ease of use of the platform and beginner-friendly environment.

Our Verdict

All in all, Quotex is a broker with a simple trading platform with innovative tools and one of the lowest minimum deposit limits, which are only some of the main reasons it is now ranked among the most popular digital options brokers.

Moreover, the $10 minimum deposit and $1 minimum trade size keep the barrier to entry low, while the demo account, integrated signals, and technical indicators make the platform approachable for newer traders.

Furthermore, the company’s live chat customer support is efficient and available 24/7.

That said, the lack of regulation, mixed third-party reputation signals, and withdrawal-policy caveats mean this is a platform best approached carefully rather than casually.