Quotex Islamic Accounts

Quotex Islamic Review

Quotex broker is owned and operated by Awesomo LTD. Address: Suite 1, 2nd Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles ID: 221042.

Awesomo Limited is a member of IFMRRC (Number TSRF RU 0395 AA V0161). In addition, The IFMRRC is an independent third party dispute resolution service and not a government regulator

Website services are not available for persons under 18 years of age

Limitations on payment methods may affect traders in the United States, Canada, Hong Kong and Germany, but they can still deposit using cryptocurrencies.

Key Features

  • Minimal Deposit: $5
  • Max Payout: Up to 97%
  • Demo: Yes
  • Regulated: Member of IFMRRC
  • Bonuses: Yes
Quotex Broker Review
  • Year Founded: 2014
  • Minimum Deposit: $10
  • Minimum Trade: $1
  • Payouts: 92% Max
  • Demo Account: Yes

Quotex Islamic Review – The Platform

Quotex broker is a platform for trading digital options on a variety of underlying assets (over 400). The term digital options refers to trades based on general up and down price movements, including predetermined costs and fixed results.

The platform supports trading of some index options like Securities (Company), Forex, Commodity and S&P 500.

Expiration periods of 1 minute, 2 minutes, 5 minutes, one hour and in some cases a month or more are fairly varied.

quotex trading platform

Payouts

The percentage of payments varies based on the property and time frame.

Returns will also vary on existing trade data, for example, if a large proportion of traders assume the same, the payoff for a new position is likely to be lower – on the contrary, those who take the opposite view will see higher than expected% payments.

    Quotex Broker Review

    Education

    The best way to learn the system is to use a demo account (more on that below). In addition, Quotex Guide provides videos and market news.

    Trading signals are also offered, but these are only available on the full account – they cannot be accessed in the demo version.

    quotex trading platform

    Quotex Islamic Review – Mobile Trading App

    In addition to the desktop trading platform, Quotex also provides an Android-based trading app.

    The app is fast, responsive and user friendly. It provides all the functionality of the web version and follows the same process of finding the market and setting up the business.

    The app has been reasonably well received by traders with an overall rating of 3.6 *

    One of the flaws in the current mobile offer is the lack of an iOS version for iPhone / iPad users.

    Charts

    Charts are quick and highly customizable in response to market fluctuations.

    The trading platform hosts dozens of commonly used indicators that can be fine-tuned to the individual tastes of each trader.

    Ordering screens are embedded on the right side of the chart so trading is very easy.

    Also includes trading signals and market news but you need to have a live account to access them.

    quotex sign in

    Quotex Islamic Review – Demo account

    Quotex provides a demo account with 10,000 USD in tradable funds. The free demo account allows full access to trading features but restricts access to news, trading tips and other proprietary information.

    Deposit, Withdrawal, And Bonuses

    The minimum deposit in Quotex is only $ 5 and can be made in dollars, euros, pounds and even bitcoin.

    Deposits can be made by eWallet, credit card, wire transfer or cryptocurrency and are usually available within minutes of deposit.

    eWallet options include AdvCash and Perfect Money.

    Withdrawals are returned to the same source until the secondary source is verified. There is no charge for withdrawal or deposit but in some cases fees may be charged which are not related to the platform.

    The Quotex website does not offer any bonuses but they are available once you start the deposit process.

    Opening Hours

    Traders can use the broker’s website and always have access to the platform. However, assets can only be traded at the time of market opening and these depend on certain instruments of interest. Forex, for example, runs from Monday to Friday. Open the broker’s trading option for more details.

    Quotex Islamic Review – Customer Support

    Quotex Traders can contact support directly through the platform interface by submitting a ticket or using the live chat option. Traders can email an online form or support@quotex.io hosted on the firm’s website.

    The broker registered address is Awesomo Limited, Republic of Seychelles, The Mahe Island, Victoria City, Francis Rachel Street, Sound & Vision House, 2nd Floor, Office 1.

    Quotex Islamic Review – Security

    The trading company maintains high security standards and uses specialized technology to secure client information. Brokers do not sell or otherwise disclose personal data to third parties.

    Quotex Verdict

    Quotex is an unusual digital options broker with an easy-to-use web-based platform that offers a signal service and copy trading. The brokerage has a low minimal deposit, zero withdrawal fee and an attractive 42% sign-up bonus. Several traders interested in digital options will be satisfied with the range of resources and simplicity of the interface.

    Quotex Islamic Review – Accepted Countries

    Quotex Traders can contact support directly through the platform interface by submitting a ticket or using the live chat option. Traders can email an online form or support@quotex.io hosted on the firm’s website.

    The broker registered address is Awesomo Limited, Republic of Seychelles, The Mahe Island, Victoria City, Francis Rachel Street, Sound & Vision House, 2nd Floor, Office 1.

    Quotex Islamic Review – Security

    The trading company maintains high security standards and uses specialized technology to secure client information. Brokers do not sell or otherwise disclose personal data to third parties.

    Quotex Verdict

    Quotex is an unusual digital options broker with an easy-to-use web-based platform that offers a signal service and copy trading. The brokerage has a low minimal deposit, zero withdrawal fee and an attractive 42% sign-up bonus. Several traders interested in digital options will be satisfied with the range of resources and simplicity of the interface.

    Quotex Islamic Review – Accepted Countries

    Quotex accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, United States, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and Most other countries.

    Profit with Quotex

    We doubt it. As an unregulated broker, Quotex cannot guarantee the security of its clients’ funds. And there is a good chance that brokerage will rip you off and make money from you. So, you will stick with licensed brokers – here is a list of brokers regulated in the European Union.

    Also, when we went through Quotex’s legal documents we noticed some unusual clauses that were unfavorable to their clients. For example, the broker reserves the right to impose additional charges on withdrawals, determining the minimum withdrawal amount as well as the conversion rate different from the market.

    Quotex is a legitimate broker

    Quotex is an offshore binary options broker that operates without government supervision. You would rather stick with legitimate forex brokers – here is a list of such regulations in the UK.

    Otherwise, Quotex boker claims to be a trading name for Awesomo LTD – a company registered in Seychelles and regulated by the International Financial Market Relations Regulation Center (IFMRRC).

    Now, let’s explain what the former means – Seychelles is an offshore area with very relaxed arrangements for Forex and binary options brokers – but Awesomo LTD. Not even licensed by the local financial services authority. And with regard to Quotex’s alleged IFMRRC license, you should know that it is not an official financial regulator, but an anonymous website that provides fake licenses to shady brokers who are likely to engage in fraudulent practices.

    This is why we would advise traders to refer themselves to better and more reliable trading partners than Quotex – especially such transactions in Forex. Because regulators around the world are blocking binary options. In the European Union, for example, binary options are outright banned, while in the United States they are only allowed to be traded on US-controlled exchanges.

    Trusted authorities such as the Cyprus Securities and Exchange Commission (CySEC) or the Financial Conduct Authority (FCA) in the United Kingdom have a number of licensed Forex brokers licensed. These government agencies have licensing regimes and procedures to ensure overall fairness and transparency in consumer protection and financial markets.

    Payouts offered by Quotex?

    The trading company maintains high security standards and uses specialized technology to secure client information. Brokers do not sell or otherwise disclose personal data to third parties.

    Minimum deposit of Quotex

    The broker has set their minimum deposit at $ 10, and this is of course a lower entry threshold. But as already explained, Quotex should avoid a broker, so do not even consider opening an account. And besides, you can open a mini account with a decent forex broker by depositing the same amount or less.

    Which payment method does Quotex accept?

    Quotex works with credit cards, Skrill, Neteller, Yandex, WebMoney and QIWI. Of these, we consider credit card payments to be the most secure payment option. This is because if you are the victim of a scam, you can file for a periodic chargeback. And the main card network processors VISA and MasterCard will allow you to do this within 540 days after the deposit.