Review of the Quotex Platform for Trading Digital Assets
Introducing the review of the broker Quotex, which started its operations in January 2020. Despite being relatively young, the company has managed to attract attention and negative reviews. Quotex clearly understands the challenges in its field of activity and avoids using the term “binary options.”
Main Aspects of Quotex’s Activities
The website provides information about a team of highly qualified specialists who decided to change the approach to online trading and create the Quotex platform in 2019. It is worth noting that the company started its operations on January 6, 2020.
Quotex, like many other companies, is registered offshore. The managing company Awesomo LTD (registration number – 221042) is based in the Seychelles. Information about registration and certificates is not available on the website due to the peculiarities of Seychelles legislation.
Quotex’s activities are monitored by the presence of a compliance certificate from TSRF RU 0395 AA V0161, which, however, is not a financial regulator’s license.
Internal Documentation and Quotex Trading Conditions
An analysis of internal documents shows that the company is not always transparent in its conditions. Some users point out ambiguities in the “User Agreement” and difficulties in withdrawing funds.
For example, additional fees and penalties may be charged to traders for fund withdrawals. Some withdrawal requests may be rejected without explanation. Additionally, there are restrictions on withdrawal amounts and additional conditions.
Contact Information and Support at Quotex
Clients sometimes face difficulties with contacting and getting support from Quotex. The website provides a feedback form and several email addresses. The company’s phone numbers are not disclosed, which can hinder communication with support.
The company’s presence on social media also raises questions. The lack of activity and reviews on the Instagram page does not contribute to customer trust.
Trading Conditions and Fund Withdrawal at Quotex
Quotex does not always provide full information about its trading conditions, leaving some details for individual discussion with clients. The minimum deposit amount is $10.
The fund withdrawal process also raises questions. Some users point out unclear points in the “Payment Policy” and possible commissions that Quotex may set at its discretion.
User Reviews about Quotex
Opinions about Quotex vary among users. Some clients express satisfaction with working with the company, while others point out shortcomings and difficulties. It is important to consider different perspectives before deciding to work with the broker.
Summary of the Quotex Review
In conclusion, Quotex is one of the options for trading digital assets but requires careful examination of conditions and risks. Users are advised to familiarize themselves with the company’s policies and reviews from other clients before making a final decision on cooperation.
