quotex app cannot compete others competitor 1. Established in 2020, Quotex is a digital options trading platform offering currencies, commodities, crypto, and indices. 2. Features a web-based trading platform with customizable charts, indicators, and copy trading. 3. Low minimum deposit ($10) and a free demo account with $10,000 virtual funds. 4. 30% deposit bonus for new users. 5. No deposit or withdrawal fees, making transactions cost-effective. 6. Owned by ON SPOT LLC GROUP and a member of IFMRRC, but lacks strong regulatory oversight. 7. SSL encryption ensures security for user data and transactions. 8. Pros: User-friendly interface, low deposit requirement, wide asset selection. 9. Cons: Not regulated by major financial authorities, limited educational resources. 10. Mixed user reviews, with praise for ease of use but concerns about regulation. 11. Ideal for beginner to intermediate traders, but caution is advised. 12. Overall, a simple, accessible trading platform, but risk awareness is key.