How to Start Quotex Trading in 2024: A Step-By-Step Guide for Beginners
Whether you're interested in trading forex, cryptocurrencies, stocks, or commodities, this guide will walk you through the entire process of getting started on Quotex, from registration to executing your first trade.
How to Register an Account on Quotex
How to Register Quotex Account with Google
To start your account opening (online registration) with Quotex, please go to Quotex first and click "Sign up" on the upper right corner page.
You can perform Quotex registration via a social network (Gmail, Facebook, VK) or manually enter the data required for the registration.
To register a Quotex account through Gmail by following these easy steps:
1. Click on the Google button.
2. Google account sign-in window will be opened, where you will need to enter your Email address or Phone and click on “Next”.
3. Then enter the password for your Gmail account and click “Next”.
After that, you will be automatically redirected to the Quotex platform. Your registration is completed! You can trade on a Real account after depositing. Click the "Top up with 100 $" green button to deposit and trade with a Real account.
How to Deposit money in Quotex
We recommend using demo trading for practice before making a real deposit. Please remember more practice and more chances to make real money with Quotex. Click the "Trading on a demo account" button to trade with the Demo account.
A demo account is a tool for you to get familiar with the platform, practice your trading skills on different assets, and try out new mechanics on a real-time chart without risks.
How to Register Quotex Account with Facebook
Another option is to register your account using your Facebook account and you can do that in just a few simple steps:
1. Click on the Facebook button.
2. The Facebook login window will be opened, where you will need to enter the email address you used to register on Facebook.
3. Enter the password from your Facebook account.
4. Click on “Log In”.
Once you’ve clicked on the “Log in” button, Quotex is requesting access to Your name and profile picture and email address. Click Continue...
After that, You will be automatically redirected to the Quotex platform.
How to Register Quotex Account with VK
Also, you have an option to register your account through VK in a few easy steps:1. Click on the VK button.
2. VK login window will be opened, where you will need to enter the email address that you used to register in VK.
3. Enter the password from your VK account.
4. Click on “Sign In”.
After that, You will be automatically redirected to the Quotex platform.
How to Register Quotex Account with Email
1. Click "Sign up" on the upper right corner page.
2. You just need to fill in all the necessary fields as below:
- Enter a valid email address and set a strong password.
- Choose a currency to deposit and withdraw funds in Quotex.
- Tick on the check box to accept "Service Agreement".
- Click the “Registration” button.
Congratulation! your registration is completed! You can trade on a Real account after depositing. Click the "Top up with 100 $" green button to deposit and trade with a Real account.
How to Deposit money in Quotex
You can also trade on a Demo account, don’t need any registration to open a demo account. $10,000 in a Demo account allows you to practice as much as you need for free.
A demo account is a tool for you to get familiar with the platform, practice your trading skills on different assets, and try out new mechanics on a real-time chart without risks.
Register Quotex Account through the Android App
If you have an Android mobile device you will need to download the Quotex mobile app from Google Play or click here. Install “Quotex - Online Investing Platform” app on your device.
It is easy to register an account on Quotex through Android App too. If you want to register through Android App, follow these easy steps:
- Enter a valid email address and create a strong password.
- Choose a currency to deposit and withdraw funds in.
- Read and agree "Service Agreement". Click on the check box.
- Click "Register".
Displaying a new page after successful registration, If you want to trade on a Demo account, click "Trading on a demo account" and You have $10,000 in Demo Account.
A demo account is a tool for you to get familiar with the platform, practice your trading skills on different assets, and try out new mechanics on a real-time chart without risks.
Once you’re ready to start trading with real funds, you can switch to a real account and deposit your money.
How to Deposit money in Quotex
If you already work with this trading platform, log in to your account on an Android mobile device.
Register Quotex Account on Mobile Web
If you want to trade on the mobile web version of Quotex trading platform, you can easily do it. Initially, open up your browser on your mobile device. After that, click here to visit the website of the broker, then click "Sign up".
At this step we still enter the data: email, password, select currency, check "Service Agreement" and click "Registration".
Here you are! Now you are able to trade from the mobile web version of the platform. The mobile web version of the trading platform is precisely the same as a regular web version of it. Consequently, there won’t be any problems with trading and transferring funds.
You also have $10,000 in Demo Account, you can also trade on a real account after depositing.
That’s it, you just registered your Quotex account on mobile Web.
You can also open Quotex account via Gmail, Facebook, or VK account.
How to Verify Account on Quotex
What data is required to register on the Company website?
To earn money on digital options, you must first open an account that allows you to conduct trades. To do this, you need to register on the Company website.The registration process is simple and does not take much time.
It is necessary to fill out a questionnaire on the proposed form. You will be required to enter the following information:
- name (in English)
- email address (indicate the current, work, address)
- telephone (with a code, for example, + 44123 ....)
- a password that you will use in the future to enter the system (in order to minimize the risk of unauthorized access to your individual account, we recommend that you create a complex password using lowercase, uppercase letters, and numbers. Do not disclose the password to third parties)
After filling out the sign-up form, you will be offered various ways to fund your account for trading.
How to Verify Quotex account?
Verification in digital options is a confirmation by the Client of his personal data by providing the Company with additional documents. Verification conditions for the Client are as simple as possible, and the list of documents is minimum. For example, a Company may ask:- provide a color scan copy of the first spread of the Client’s passport (passport page with photo)
- identify with the help of a "selfie" (photograph of himself)
- confirm the address of registration (residence) of the Client, etc
The Company may request any documents if it is not possible to fully identify the Client and the data entered by him.
1. Go to Account.
2. Enter all data for "Identity Info" and click "Change Identity Info".
3. Then upload your identity as passport, driver’s license or local ID card to "Documents Verification"
4. After uploading your Identity, you will see the "Waiting confirmation" as below.
5. After the electronic copies of documents have been submitted to the Company, the Client will have to wait sometime to verify the data provided.
If it is verified, you will see the status below
How to make a Deposit Money on Quotex
How to Deposit on Quotex using Bank Transfer
Find out how you can use bank transfers to deposit funds with your Quotex trading account.
1. Click on Deposit in the upper right corner of the tab.
2. Select Bank: Bank Transfer as the payment method.
3. Enter the sum of money you want to deposit and click the "Deposit" button.
4. Choose your Bank and click the "Pay" button.
5. Log into your bank’s web service (or go to your bank) to transfer the funds. Complete the transfer.
Your deposit action is now complete and the funds should reflect in your trading account soon.
How to Deposit on Quotex using Visa / MasterCard
1) Quotex supports Visa card or Mastercard payments. Click on the green "Deposit" button in the upper right corner of the tab.
2) Select "Visa / MasterCard" as your payment method.
3) Enter the amount you wish to deposit and choose your bonus. Then, click "Deposit".
4) Fill out the form by entering the requested payment details, and clicking "Pay".
5) Check money on your Live Account after depositing successfully.
How to Deposit on Quotex using E-payments (Perfect Money, Advcash)
Perfect Money is an electronic payment method very popular worldwide. You can use this payment method to top up your Quotex account absolutely free.1) Press on the green "Deposit" button in the upper right corner of the tab.
2) Click "Perfect Money".
3) Specify the amount you want to deposit and choose your bonus. Then, click "Deposit".
4) In the new window, select desired payment method and click "Make payment".
5) Fill out the form by entering the requested payment details and clicking "Preview payment".
6) Deposit successfully, check money on your Live Account.
How to Deposit on Quotex using Cryptocurrencies (USDT, TRX, BTC, LTC, ETH, BSC, USDC, MATIC, SOLANA, POLKADOT, Shiba Inu, ZEC, BUSD, Dash, Dogecoin, Ripple, Dai, Bitcoin Cash)
By making deposits in crypto, you can be sure that your transactions are private: the data is not sent to a third party. You don’t need to reveal your bank account or credit card details to deposit money. That is why you can protect your personal data by making deposits in cryptocurrencies.
1) Click on the green "Deposit" button in the upper right corner of the tab.
2) Select the cryptocurrency you want to deposit, such as Bitcoin (BTC).
3) Choose your bonus and enter the amount of the deposit. Then, click "Deposit".
4) Choose Bitcoin to pay for depositing.
5) Just copy your deposit address and paste it into the withdrawal platform, and then you can deposit coins to Quotex.
6) After sending It successfully, you will receive the notification "Payment Complete".
7) Check your Money on a Live Account.
Please refer to this page to see more: How to Deposit by Cryptocurrency in Quotex
How to Trade Digital Options at Quotex
What are digital options?
Option is a derivative financial instrument based on any underlying asset, such as a stock, a currency pair, oil, etc.DIGITAL OPTION - a non-standard option that is used to make a profit on price movements of such assets for a certain period of time.
A digital option, depending on the terms agreed upon by the parties to the transaction, at a time determined by the parties, brings a fixed income (the difference between the trade income and the price of the asset) or loss (in the amount of the value of the asset).
Since the digital option is purchased in advance at a fixed price, the size of the profit, as well as the size of the potential loss, are known even before the trade.
Another feature of these deals is the time limit. Any option has its own term (expiration time or conclusion time).
Regardless of the degree of change in the price of the underlying asset (how much it has become higher or lower), in case of winning an option, a fixed payment is always made. Therefore, your risks are limited only by the amount for which the option is acquired.
What are the varieties of digital options?
Making an option trade, you must choose the underlying asset that will underlie the option. Your forecast will be carried out on this asset.
Simply, buying a digital contract, you are actually betting on the price movement of such an underlying asset.
An underlying asset is an “item” whose price is taken into account when concluding a trade. As the underlying asset of digital options, the most sought-after products on the markets usually act. There are four types of them:
- securities (shares of world companies)
- currency pairs (EUR / USD, GBP / USD, etc.)
- raw materials and precious metals (oil, gold, etc.)
- indices (SP 500, Dow, dollar index, etc.)
There is no such thing as a universal underlying asset. When choosing it, you can only use your own knowledge, intuition, and various kinds of analytical information, as well as market analysis for a particular financial instrument.
How to Trade digital options?
1. Choose asset for trading: Currencies, Commodities, Crypto or Indices
- You can scroll through the list of assets. The assets that are available to you are colored white. Click on the assest to trade on it.
- You can trade on multiple assets at once. Click on the “+” button left from the asset section. The asset you choose will add up.
The percentage next to the asset determines its profitability. The higher the percentage – the higher your profit in case of success.
Example. If a $10 trade with a profitability of 80% closes with a positive outcome, $18 will be credited to your balance. $10 is your investment, and $8 is a profit.
Some asset’s profitability may vary depending on the expiration time of a trade and throughout the day depending on the market situation.
All trades close with the profitability that was indicated when they were opened.
2. Choose an Expiration Time
The expiration period is the time after which the trade will be considered completed (closed) and the result is automatically summed up.
When concluding a trade with digital options, you independently determine the time of execution of the transaction (1 minute, 2 hours, month, etc.).
3. Set the amount you’re going to invest. The minimum amount for a trade is $1, the maximum – $1000, or an equivalent in your account currency. We recommend you start with small trades to test the market and get comfortable.
4. Analyze the price movement on the chart and make your forecast. Choose Up (Green) or Down (Red) options depending on your forecast. If you expect the price to go up, press "Up" and if you think the price to go down, press "Down"
5. Wait for the trade to close to find out whether your forecast was correct. If it was, the amount of your investment plus the profit from the asset would be added to your balance. If your forecast was incorrect – the investment would not be returned.
You can monitor the Progress of your Order under The Trades
How to Withdraw Money from Quotex
At Quotex, we aim to offer quick withdrawals and numerous payment systems to choose from. Our advantage is that you can withdraw funds at any time on any day, including weekends and public holidays.
How To Withdraw from Quotex via Bank Transfer
Withdraw funds conveniently from your Quotex trading accounts to your bank account with bank transfers.
1. Click the "Withdrawal" button on the Quotex website.
2. Choose bank transfer and enter the amount to send to your bank account.
3. Enter the Pin-code, they send to your email. Click the "Confirm" button.
4. Your request has been successfully sent.
How to Withdraw from Quotex via Visa / MasterCard
The method that you have chosen to deposit the account is also a method of withdrawing funds.
For example, if you made a deposit to your account via the Visa / MasterCard payment system, you will also withdraw money via the Visa / MasterCard payment system.
1. Click Withdrawal in the top right corner of the page on the Quotex website.
2. Choose Payment Method: Visa / MasterCard, and enter the sum of money you want to withdraw in "Amount". Then, click the "Confirm" button.
3. Enter the Pin-code, they send to your email and click "Confirm".
4. Your request was successfully sent.
Checking all your Withdrawal requests, click "Transaction", and you see the latest request as below.
How to Withdraw from Quotex via E-payments (Perfect Money, Advcash)
Transact conveniently with your trading accounts using E-payments, a global digital wallet service that allows you to withdraw instantly regardless of location.
The method that you have chosen to deposit the account is also a method of withdrawing funds.
For example, if you made a deposit to your account via Perfect Money, you will also withdraw via Perfect Money.
1. Go to the Withdrawal page
2. Choose Payment Method: Perfect Money, enter the Purse and the sum of money you wish to withdraw in the "Amount" field. Then, click the "Confirm" button.
3. Enter the Pin-code, they send to your email, and click the "Confirm" button.
4. Your request has been successfully sent.
Checking all your Withdrawal requests, click "Transaction". You see the latest request below.
How to Withdraw from Quotex via Crypto
We accept withdrawals in cryptocurrencies to make your trading journey more efficient. For that reason, let us explain to you how you can do it.1. Go to the Withdrawal page.
2. Choose a Payment Method: such as Bitcoin (BTC).
Enter the recipient address in the "Purse" field and input the amount you want to withdraw. Then, click the "Confirm" button.
3. Enter the Pin-code, they send to your email, and click the "Confirm" button.
4. Your request has been successfully sent.
Checking all your Withdrawal requests, click "Transaction".
You see the latest request below.
Frequently Asked Quentions (FAQ)
Account
Is the download of the program to a computer or smartphone required?
No, it’s not required. You just need to register on the Company’s website in the presented form and open an individual account.
In what currency is the Client’s account opened? Can I change the currency of the Client’s account?
By default, a trading account is opened in US dollars. But for your convenience, you can open several accounts in different currencies.A list of available currencies can be found on your profile page in your Client’s account.
Is there a minimum amount that I can deposit to my account at registration?
The advantage of the Company’s trading platform is that you don’t have to deposit large amounts to your account. You can start trading by investing a small amount of money. The minimum deposit is 10 US dollars.
Verification
Is it possible to indicate other people’s (fake) data when registering on the website?
No. The client performs self-registration on the Company’s website, providing complete and accurate information about himself on issues asked in the registration form, and maintains this information up to date.If it is necessary to conduct various kinds of checks of the Client’s identity, the Company can request documents or invite the Client to its office.
If the data entered in the registration fields does not match the data of the submitted documents, your individual profile may be blocked.
How to understand that I need to go through account verification?
If it becomes necessary to pass verification, you will receive a notification by e-mail and / or SMS notification.However, the Company uses the contact details that you specified in the registration form (in particular, your email address and phone number). Therefore, be careful to provide relevant and correct information.
How long does the verification process take?
No more than 5 (five) business days from the date the Company receives the requested documents.
If I made a mistake during entering data into my individual account, how can I fix this?
You have to contact the technical support service on the Company’s website and edit the profile.
How do I know that I successfully passed verification?
You will receive a notification by e-mail and / or SMS notification about the completion of the verification process of your account and the ability to proceed with operations on the Company’s trading platform.
Deposit
What is the minimum Deposit amount?
The advantage of the Company’s trading platform is that you don’t have to deposit large amounts to your account. You can start trading by investing a small amount of money. The minimum deposit is 10 US dollars.
Is there any fee for Depositing or Withdrawing funds from the account?
No. The company does not charge any fee for either the deposit or for the withdrawal operations.However, it is worth considering that payment systems can charge their fee and use the internal currency conversion rate.
Do I need to Deposit the account on the trading platform and how often do I need to do this?
To work with digital options you need to open an individual account. To conclude real trades, you will certainly need to make a deposit in the amount of options purchased.You can start trading without cash, only using the company’s training account (demo account). Such an account is free of charge and created to demonstrate the functioning of the trading platform. With the help of such an account, you can practice acquiring digital options, understand the basic principles of trading, test various methods and strategies, or evaluate the level of your intuition.
Trading
What are the possible results of the placed trades?
There are three possible outcomes in the digital options market:1) in the event that your prognosis of determining the direction of the price movement of the underlying asset is correct, you receive income.
2) if by the time the option was concluded your forecast turned out to be erroneous, you incur a loss limited by the size of the asset value (i.e., in fact, you can only lose your investment).
3) if the outcome of the trade is zero (the price of the underlying asset has not changed, the option is concluded at the price at which it was purchased), you return your investment. Thus, the level of your risk is always limited only by the size of the asset value.
What determines profit size?
There are several factors that affect the size of your profit:
- the liquidity of the asset you have chosen in the market (the more the asset is in demand in the market, the more profit you will receive)
- the time of the trade (the liquidity of an asset in the morning and the liquidity of an asset in the afternoon can vary significantly)
- tariffs of a brokerage company
- changes in the market (economic events, changes in the part of a financial asset, etc.)
How can I calculate the profit for a trade?
You do not have to calculate the profit yourself.A feature of digital options is a fixed amount of profit per transaction, which is calculated as a percentage of the value of the option and does not depend on the degree of change in this value. Suppose if the price changes in the direction predicted by you by only 1 position, you will earn 90% of the value of the option. You will earn the same amount if the price changes to 100 positions in the same direction.
To determine the amount of profit, you must perform the following steps:
- choose the asset that will underlie your option
- indicate the price for which you would have purchased the option
- determine the time of the trade, after these actions, the platform will automatically display the exact percentage of your profit, in case of a correct prognosis
The yield of a digital option is fixed immediately upon its acquisition, therefore you do not need to wait for unpleasant surprises in the form of a reduced percentage at the end of the trade.
As soon as the trade is closed, your balance will automatically be replenished by the amount of this profit.
What is the gist of digital options trading?
The fact is that a digital option is the simplest type of derivative financial instrument. In order to make money in the digital options market, you do not need to predict the value of the market price of an asset that it can reach.The principle of the trading process is reduced only to the solution of one single task - the price of an asset will increase or decrease by the time the contract is executed.
The aspect of such options is that it does not matter to you at all, that the price of the underlying asset will go one hundred points or only one, from the moment the trade is concluded to its close. It is important for you to determine only the direction of movement of this price.
If your prognosis is correct, in any case you get a fixed income.
How to learn quickly how to make money in the digital options market?
To get a profit in the digital options market, you only need to correctly predict which way the price of the asset you have chosen will go (up or down). Therefore, for a stable income you need:
- develop your own trading strategies, in which the number of correctly predicted trades will be maximum, and follow them
- diversify your risks
At what expense does the Company pay profit to the Client in case of successful trade?
Company earns with customers. Therefore, it is interested in the share of profitable transactions significantly prevailing over the share of unprofitable ones, due to the fact that the Company has a percentage of payments for a successful trading strategy chosen by the Client.In addition, trades conducted by the Client together constitute the trading volume of the Company, which is transferred to a broker or exchange, which in turn are included in the pool of liquidity providers, which together leads to an increase in the liquidity of the market itself.
What is a trading platform and why is it needed?
Trading platform - a software complex that allows the Client to conduct trades (operations) using different financial instruments. It has also accesses to various information such as the value of quotations, real-time market positions, actions of the Company, etc. Withdrawal
Is there any fee for depositing or withdrawing funds from the account?
No. The company does not charge any fee for either the deposit or for the withdrawal operations.However, it is worth considering that payment systems can charge their fee and use the internal currency conversion rate.
How long does it take to withdraw funds?
On average, the withdrawal procedure takes from one to five days from the date of receipt of the corresponding request of the Client and depends only on the volume of simultaneously processed requests. The company always tries to make payments directly on the day the request is received from the Client.
Do I need to provide any documents to make a withdrawal?
Usually, additional documents to withdraw funds are not needed . But the Company at its discretion may ask you to confirm your personal data by requesting certain documents. Usually this is done in order to prevent activities related to illegal trade, financial fraud, as well as the use of funds obtained illegally.The list of such documents is minimum, and the operation to provide them will not take you much time and effort.
What is the minimum withdrawal amount?
The minimum withdrawal amount is 10 US dollars for most payment systems.The minimum withdrawal amount for Bitcoin is 50 USD.
Conclusion: Start Your Trading Journey with Confidence
Quotex offers an excellent starting point for beginners who want to explore digital options trading. With an easy registration process, a variety of assets, and user-friendly tools, you can quickly get up to speed and begin trading with confidence. By following this step-by-step guide, you can set yourself up for success as you dive into the world of trading on Quotex. Whether you choose to practice on a demo account or start with a live account, the platform provides everything you need to grow as a trader.
