Quotex Review UAE – Best Online Trading Platform
Quotex is a brand new trading platform. It was founded in 2020. Quotex allows traders to take advantage of the trading market to trade multiple assets such as Binary Options also, trade with Cryptocurrencies, Commodities, and Indices. Awesomo LTD owns this broker. It is situated at Address: Suite 1, Second Floor, Sound Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles ID: 221042. Quotex Review in UAE explains how to start trading with Quotex.
Since the year started, Quotex broker has been growing in numbers, with over 4 million traders worldwide and over 100,000 trades per day have been recorded. Quotex accepts traders exactly from 248 countries that means from worldwide. However, this broker is not available under 18 years of age persons. It is regulated by IFMRRC (International Financial Market Relations Regulation Center). Check out our list of the best binary brokers in UAE.
Quotex Review UAE – Why Should You Choose Quotex?
Quotex Trading platform claims to be more than a project provided to the UAE traders. Their objective transcends, as they have advanced financial tools to develop as many people as possible and their financial and business skills.
While investing in Quotex broker, you can choose from the more than 400 assets that are available for digital trading:
- Currencies: You can easily choose more than 40 currency types.
- Cryptocurrencies: The leading cryptocurrencies that lead the trading market: Bitcoin, Ethereum, Litecoin, and Ripple.
- Indices: Dow Jones, SP500, and other top exchanges.
- Raw materials and precious metals: Oil, silver, gold, etc.
With Quotex, you will receive one of the highest payments in the trading industry, earning up to 96%, after trading in Quotex Binary Trading with results.
So far, Quotex is a binary trading Option, and it is only short-term, at least one minute to four hours. It is like other brokers because they offer the right time. However, the company provides more enhanced operations to be more competitive and first user options.
When it comes to the trading platform, in my opinion, Quotex leads the most responsive, user-friendly, and fastest platform that I have traded on since my experience through trading. The platform is straightforward as everything is clean and clear before the UAE trader. First of all, this trading platform is based on a web application, so there is no download required. Second, it’s fully customizable according to your taste. Finally, access to every feature in one click.
How does it work?
Pretty Simple, to kick start your trading with Quotex, you only need to follow down below step-by-step guide:
- Signup at Quotex Here.
- Select your Demo or Live Account.
- Select your favorite asset.
- Make your technical analysis using your Quotex trading tools.
- Forecast the next move of the price “UP” or “DOWN” Direction
- choose your desired amount.
- Take your Trade.
Quotex Review in UAE – Charting
The chart is the important thing where operations and deals are set, and as we have said, Quotex is the unique broker. It owns a fast chart and a good server to make deals without delay. With charting tools such as:
- Drawing Tools: Quotex owns over 20 tools to help every trader analyze the market with fast deployment on the chart!
- Candlesticks Timeframes: Quotex broker can go from 5 seconds candlesticks body up to 1-day candlesticks body
- Chart Types: Quotex platform put for everyone the ability to change the chart to any of the following types as “AREA,” “Bars,” “Candlesticks,” and finally “Heiken-Ashi.”
- Technical Indicators: More than 20 indicators are ready to be used for your trades, including the indicators such as “RSI,” “CCI,” “Stochastic Oscillator,” and more to discover.
Withdrawal and Deposits
Quotex is an online trading platform that accepts a minimum of $ 10. They have two investment accounts; Demo and live account. You can deposit money using WebMoney, QIWI, Skrill, and Yandex. Those are the same methods that you will use to withdraw money.
Quotex allows deposits and withdrawals through multiple methods depending on each country, including the most popular and used payment methods through binary options brokers: bank card, e-wallet, cryptocurrency, and wire transfer.
However, to access the Deposit option, you must click “+ Deposit” on the main interface of the Quotex platform, then you select your payment gateway. On the other side, you can withdraw only through the deposit method used for withdrawal.
Note: Before making any type of withdrawal, we suggest verifying your account information and using correct personal data to avoid conflict afterward.
Quotex Review in UAE – Quotex Demo account
If you do not know how to use the platform, QUOTEX offers a unique service called DEMO ACCOUNT.
Free Demo Account Completely free demo account allows traders to develop trading skills and experiment with the resources they want to choose. This is the best way to improve your knowledge, ideal for beginners and experienced traders who want to raise their professional level in this area. The demo account offers a fictitious balance equivalent to $ 10,000 as proof.
After practicing with the free Demo Account, you switch to using a Real Account to practice everything you have learned. The results will surprise you. For example, do you want to know how to open a Quotex trading account?
How do you open a Quotex trading account in UAE?
Signing in to Quotex in UAE is very easy and straightforward. Here is how to open a Quotex account:
Once you choose the Registration option, you must submit the following data:
- Your first and last name.
- Updated email.
- Your Phone number
- Submit a password to log into the system.
- It should be highly complex. Ideally, use some uppercase, lowercase, and other characters.
After filling in the data, you must select how to deposit into the trading account.
Quotex Review in UAE – Account Verification
Is it required for UAE traders using this Quotex broker to verify their identity using a passport or national identity card or driving license (Latin words) to avoid conflicts and problems while making withdrawals!
Using your bank card will require verifying your card ownership (routine check known as fraud checking) for more security for the UAE traders using the Quotex trading platform!
Quotex offers a free demo account for practice with $10,000 virtual funds. It also has a live account for every UAE trader who sign up as default. In addition, this trading platform beat the odds and put three account levels for every UAE trader like the following:
- Basic Account: Basic Payout up to 86% in all available assets
- PRO Account: +2% on all available assets
- VIP Account: +4% on all available assets
Quotex Review in UAE – Bonuses
While coming to bonuses, Quotex is the leading broker that allows UAE traders to benefit from various bonuses, an advantage of Quotex. For example, you can benefit from a welcome bonus here to get a minimum of 30% on your first deposit to activate a bonus.
Quotex App Features
Once we talk about features, what can this broker give you more than the other brokers? Well Quotex is making The Binary Options Trading easier with its features such as:
- Trading Signals: The trading signal is not an instruction to trade but an analyst recommendation. Quotex offers the best quality trading signals for the available instruments. However, we cannot use these signals as our primary entry as it does not replace our technical analysis
- Pair Information: Reading the pieces of information concerning the asset before starting your trading is an obligation that each broker needs to view! For Example, Let’s take JPY/AUD (OTC) as our trading pair!
- Exchange Form: Quotex platform uses an amazing feature to allow the UAE traders to switch their main currency to another one within a few clicks without any exchange fees. In my opinion, this feature has never been used by other brokers!
This seems like an excellent option for starting digital trading. Customer reviews are varied, but most are very satisfied with the trading results. This Quotex review in the UAE article shows that this platform is easy to use and offers virtually no risk to its customers. In addition, this broker can trade without any hassle by choosing a demo account. Quotex has a free demo account for developing new financial and business skills. This demo account lets you discuss real-time results with real-time interactions.
You will be able to trade this way without much capital to reduce the risk and feel safe. This is a significant advantage because, with only $10, you can trade in different currencies.
Quotex Review in UAE – Support Team
The broker offers multiple customer support services. However, it comes as an email, live chat, and phone call. The agents are online 24/7 hour with immediate response.
- Trading operations questions
- Financial issues
Quotex Review in UAE – Technical support
Note: Sometimes, the technical support agents get saturated by the UAE traders tickets and full queue, and it takes a little time to respond to your question.
Quotex Social networks
Twitter account: https://twitter.com/quotex_platform
Facebook account: https://www.facebook.com/quotexio/
Is Quotex in UAE Regulated and Safe?
Quotex broker is a legit broker in the UAE. It was regulated by IFMRRC (License number TSRF RU 0395 AA V0161).
Quotex Review in UAE – Conclusion
Quotex is a binary options trading platform. Also, Known as a digital options trading platform. Quotex is a fast, responsive, and user-friendly broker. Without any country restriction, it suits every trade to customize every part of the chart, the drawing, indicators tools, and motivating payout. I found this broker with an excellent potential to try and stick with it. So feel free to sign in to Quotex Trading Platform and start your trading.
Frequently Asked Questions (FAQ)
Is it possible to indicate other people’s (fake) data when registering on the website?
No, the traders perform self-registration on the company’s website, providing complete and accurate information about him on issues asked in the registration form. It maintains this information up to date.
If necessary, to conduct various checks of the traders identity, the company can request documents or invite the trader to its office.
If the data entered in the registration form does not match with the submitted documents, your profile may be blocked.
How will traders understand that they need to go through account verification?
If it becomes necessary to pass verification, they will receive an email and SMS notification.
However, the company uses the contact details you specified in the registration form. Therefore, be careful to provide correct information.
How long does the verification process take?
No more than 5 business days from the date the company receives the requested documents.
How can the UAE traders fix this if they mistake entering data into their accounts?
Traders have to contact the company’s web site’s technical support service agents and edit the trading profile.
How do traders know that they successfully passed verification?
Traders will receive a notification by email and SMS notification about the completion of the verification process of their account. And the ability to proceed with operations on the trading platform.
Is there a fee for depositing or withdrawing funds from the account?
No. Quotex does not charge any fee for the deposit or the withdrawal operations.
What is the minimal withdrawal amount?
The minimum withdrawal amount for most payment systems is 10 USD
The minimal withdrawal amount for Bitcoin is 50 USD.
Do traders need to provide any documents to make a withdrawal?
Generally, additional documents to withdraw funds are not necessary. But the company, at its discretion, may ask you to confirm their data by requesting certain documents. Usually, this is done to prevent activities related to illegal trade, financial fraud, and the use of funds obtained illegally.
The list of such documents is minimal, and providing them will not take traders much time and effort.
How to Deposit by Cryptocurrency?
It is straightforward to do. However, the procedure will take minutes.
- Open the Trade Execution window and click the green “Deposit” button at the top right of the tab.
- Even, you can also deposit the trading account through your personal account by clicking the “Submit” button in the account profile.
- There is a need to choose a method of depositing the account (the company offers many convenient methods available to the UAE traders and displayed in his account).
- Next, specify the currency in which the account will be credited and the currency of the account itself.
- Select the bonus and enter the amount of the deposit.
- I choose ETH for depositing
- Send ETH to the address below
- Sending It successfully, you will receive the text “Payment Complete.”
What is the Quotex minimum deposit amount in UAE?
The advantage of the company’s online trading platform is that you don’t have to deposit large amounts to your account. Instead, you can start trading by investing a small amount of money. The minimum deposit is 10 US dollars.
Do UAE traders need to deposit the trading platform’s account, and how often do they need to do this?
You need to open a separate account to work with the digital options. Then, to finish the actual transaction, you must deposit the amount of the purchased option.
You can start trading without cash, using only the company’s training account (demo account). Such an account is created for free and to demonstrate the effectiveness of the trading platform. With such an account, you can practice acquiring digital options, understand the basics of trading, test different methods and techniques, or evaluate your level of insight.