“Quotex is an online trading platform primarily focused on binary options, which allows users to predict price movements of various assets like currency pairs, commodities, indices, and cryptocurrencies. It was launched in 2019 and has gained considerable attention, particularly among new traders. Here's a summary of common points found in Quotex reviews: Pros frequently mentioned by users: User-friendly interface: Many users praise Quotex for its intuitive and clean platform design, making it easy to navigate, especially for beginners. Demo account: Quotex offers a free demo account with virtual funds ($10,000 typically) that allows users to practice trading strategies without risking real money. This is highly valued by new traders. Low minimum deposit and trade amounts: With a minimum deposit often as low as $10 and a minimum trade amount of $1, Quotex is accessible to traders with smaller capital. Fast deposit and withdrawal processes: A significant number of reviews highlight the speed and ease of depositing and withdrawing funds. Many users report quick withdrawals, often within minutes or hours. Variety of assets: The platform offers a diverse range of trading instruments, providing options for different trading styles. Customer support: While some reviews mention slower support, many users find the customer support team responsive and helpful. Trading tools and indicators: Quotex provides various technical analysis indicators and tools to assist traders in making informed decisions. Mobile app: Quotex has a mobile app for Android (and sometimes iOS, though iOS availability can vary), offering convenience for trading on the go. Cons and concerns often raised: Regulation concerns: This is a major point of contention. While Quotex claims to be registered or licensed, many financial experts and review sites (like BrokerChooser) warn that it is not regulated by a top-tier financial authority. This lack of strong regulation means less protection for traders in case of disputes or issues. Binary options inherent risk: Regardless of the platform, binary options trading itself is considered very high-risk. While Quotex advertises high potential returns (up to 95%), many traders experience frequent losses. Withdrawal issues (occasional reports): While many report smooth withdrawals, some users have reported delays, technical glitches, or even blocked withdrawals. These instances, though seemingly less frequent, raise red flags. Account closures (rare reports): A small number of reviewers have mentioned unexplained account closures, leading to concerns about the platform's transparency. Bonuses and promotions: While attractive, some reviews suggest being cautious about bonuses that might come with restrictive terms and conditions, potentially affecting withdrawals. Overall sentiment: User reviews for Quotex are generally positive, with many praising its ease of use, demo account, and efficient deposit/withdrawal processes. However, a significant cautionary note revolves around its regulatory status. Key takeaway: Quotex appears to be a user-friendly platform, particularly for beginners due to its demo account and low entry barriers. However, potential users should be fully aware of the inherent high risk of binary options trading and the lack of strong regulatory oversight, which means less consumer protection compared to brokers regulated by top-tier financial authorities. It's crucial for users to exercise caution and thoroughly understand the risks involved before committing real funds