How to Trade at Quotex for Beginners

Jan 21, 2024 2400 0

If you’re new to Digital Options, be sure to visit our blog - your one-stop guide to learn all about Digital Options. We take you through step-by-step on how to register and verify your Quotex account, deposit money, get a profit in the digital options market, and withdraw your money on Quotex by following these steps:

How to Sign up at Quotex

How to Sign up Quotex Account with Email

1. In order to start trading with Quotex, you just need to complete the simple registration process by clicking on the "Sign up" in the upper right corner page.

2. To register you need to perform the following steps and click on the button “Registration”.

Enter a valid email address and set a strong password.
Choose a currency to deposit and withdraw funds in Quotex.
Click on the check box to accept "Service Agreement".
Click the “Registration” button.

Quotex also offers registration by Google, Facebook, and VK account. It is also one of the ways for opening an account on Quotex. To open an account with your Facebook, Google, or VK account you just need to click one of the buttons.

Congratulation! your registration is finished! Now you 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.

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.

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.

You can also trade on a Live 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

How to Sign up Quotex Account with Facebook

You have an option to register your account using your personal 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 Sign up Quotex Account with Google

Moreover, you can register a Quotex account through Google. If you wish to do that, please follow these 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 Google account and click “Next”.

After that, follow the instructions sent from the service to your Google account and you will be automatically redirected to the Quotex platform.

How to Sign up Quotex Account with VK

Also, you have an option to register your account through VK and you can do that in just a few simple 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.

Sign up Quotex account on Android app

Quotex trading app is considered to be the best app for online trading.

If you have an Android mobile device you will need to download the Quotex mobile app from Google Play or here.

Open the downloaded app. Now all you need to do to start trading is to register your account. Tap the "Registration".

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

Sign up Quotex account on Mobile Web Version

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 Google, Facebook, or VK account.

Select “Facebook” registration (in case you have a Facebook social account)
Select “Google” registration (in case you have a Google account)
Select “VK” registration (in case you have a VK account)

How to Verify Account in 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 Deposit Money in Quotex

How to Deposit via Visa / MasterCard?

This article will guide you through deposits between bank cards and your trading accounts.

1) Click on the green "Deposit" button in the upper right corner of the tab.

Or you can also deposit the account through your Personal Account by clicking the "Deposit" button in the account profile.

2) Select Bank Cards: "Visa / MasterCard".

3) Enter the sum of money 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 via E-payments (Perfect Money, Advcash)?

You can fund in your Quotex account by clicking on the green "Deposit" button in the upper right corner of the tab.

2) Choose "Perfect Money" as your payment method.

3) Enter the amount of the deposit and choose your bonus. Then, click "Deposit".

4) 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 via Cryptocurrencies (USDT, TRX, BTC, LTC, ETH, BSC, USDC, MATIC, SOLANA, POLKADOT, Shiba Inu, ZEC, BUSD, Dash, Dogecoin, Ripple, Dai, Bitcoin Cash)

We accept deposits in cryptocurrencies to make your trading journey more efficient. For that reason, let us explain to you how you can do it.

1) Click on the green "Deposit" button in the upper right corner of the tab.

You can also deposit the account through your Personal Account by clicking the "Deposit" button in the account profile.

2) Example: Choose "Bitcoin (BTC)".

3) Choose your bonus and enter the amount of the deposit. Then, click "Deposit".

4) Select the cryptocurrency you want to deposit, such as Bitcoin.

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 Deposit via Bank Transfer

A bank transfer is a transaction that moves money from one bank account to another, We guide you how to transfer money to Quotex account.

1. Click on Deposit in the upper right corner of the tab.

2. Select Bank Transfer as the payment method.

3. Enter the amount you wish to deposit.

4. Choose your Bank and click "Pay" button.

5. Log into your bank’s web service (or go to your bank) to transfer the funds. Complete the transfer.

After you make the transfer, please wait patiently for the funds to arrive in your Quotex account.

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 believe Withdrawals should be quick, convenient, and easy. We offer a wide variety of payment systems to choose from, with the flexibility that comes from being able to withdraw funds at any time of any day, including weekends and public holidays.

How to Withdraw 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.

When it comes to the withdrawal of a sufficiently large amount, the Company may request verification (verification is requested at the Company’s sole discretion), which is why it is very important to register an account individually for yourself in order to confirm your rights to it at any time.

1. Go to Withdrawal.

2. Choose: Visa / MasterCard in Payment Method, and enter the amount you want to withdraw. Then, click the "Confirm" button.

3. Enter the Pin-code, they send to your email. Click "Confirm".

4. Your request has been successfully sent.

Checking all your Withdrawal requests, click "Transaction", and you see the latest request as below.

How to Withdraw via E-payments (Perfect Money, Advcash)?

E-payments is an electronic payment method popular for instant and secure transactions worldwide. You can use this payment method to withdraw your Quotex account absolutely commission-free.

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. Click "Withdrawal" button.

2. Choose: Perfect Money in Payment Method and enter the Purse and 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. Congratulations, your withdrawal will now begin processing.

Checking all your Withdrawal requests, click "Transaction". You see the latest request below.

How to Withdraw via Crypto?

Would you like to withdraw with your trading accounts in bitcoin? This article will show you how. You will need to have a personal Bitcoin wallet to withdraw to.

1. Select "Withdrawal".

2. Choose Payment Method. Example: Bitcoin (BTC).

Withdraw money using Bitcoin so enter the address of bitcoin you want to receive in "Purse" and enter 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.

How To Withdraw to a Bank Account

With the simplicity of bank transfers, it is convenient to withdraw funds from your Quotex trading accounts.

1. Click the Withdrawal button in the top of the page on the Quotex website.

2. Choose Bank transfer in Payment method 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.

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?

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 of 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 profit from the trade can be up to 98% of the amount of the investment.

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

In developing strategies, as well as in searching for diversification options, market monitoring, and studying analytical and statistical information that can be obtained from various sources (Internet resources, expert opinions, analysts in this field, etc.) will help you, one of which is the Company website.

At what expense does the Company pay profit to the Client in case of successful trade?

The 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 is 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.