Quotex, after two years of operation, has established itself as a popular platform in the binary options trading space, particularly for beginners due to its user-friendly interface and low financial entry barrier. The platform allows users to start trading with as little as \$10, and offers trades from just \$1, making it accessible for those new to trading. One of its most attractive features is the high payout rate—up to 95% on successful trades—which has drawn many users looking for fast, high-return opportunities. Additionally, Quotex provides a free demo account loaded with virtual funds, allowing users to practice and familiarize themselves with the trading environment before risking real money. Despite these advantages, there are several significant concerns. The platform is not regulated by any major financial authority, operating instead under offshore registration. This raises red flags about the safety and security of user funds, as regulatory oversight is a key component of trust in financial services. Numerous users have reported difficulties with withdrawals, including unexpected fees and delays, which undermines confidence in the platform’s reliability. Furthermore, Quotex offers limited customer support, with most interactions handled via email or social media and no live chat or phone options. This lack of support can be frustrating, especially when users face urgent account issues. The platform also provides minimal educational resources, offering only basic tutorials and a glossary, which may not be sufficient for new traders seeking to build their knowledge.