Quotex Review in Pakistan
Quotex is a Binary option Brokers Platform. It is everywhere, all over the world. As a progressive nation, more and more people are looking forward to expanding their assets and binary options, as Quotex is an excellent resource. But is Quotex legal in Pakistan or not? Unfortunately, the only way to know about Quotex Review in Pakistan is to read this article till the end, so let’s get started.
Quotex Review in Pakistan – Quotex Trading platform
The trading platform was founded in 2019. It did not become a regulated broker until November 2020. However, Quotex employs many developers and professionals with extensive trading knowledge despite its relative inexperience in the trading world.
Awesomo Limited runs Quotex. Quotex is a Seychelles-based corporation. The International Financial Market Relations Regulation Center (IFMRRC) is a member of this organization. It is located at Francis Rachel Str., Victoria, and Mahe, Seychelles.
Quotex Online Trading Platform Pakistan – Is Quotex legal in Pakistan?
Yes, Quotex online trading is legal in Pakistan. The traders must be of above 18 years of age to start trading with the Quotex trading platform. Therefore, Pakistani Traders can take advantage of all the services and features. Below, you will find more information about the platform and the overall loyalty of the broker.
Is Quotex safe for Pakistan Online Traders?
As mentioned earlier, excellent Limited, a member of IFMRRC, operates Quotex. The IFMRRC (International Financial Market Relations Regulation Center) is not governmental. In adition, Quotex does not regulate the financial markets. The firm is responsible for the Quotex license. In addition, it allows the company to provide customer service.
In the case of traders’ funding, the IFMRRC also acts as a second-tier defense. Pakistani Traders will get their money back if they lose Quotex approval and cannot work. On the Quotex website, you can learn more about Quotex Trading in Pakistan.
An SSL certificate protects both the trading website and the Quotex platform. So all of your financial information is safe here. It also enhances the broker’s credibility because you know that Quotex is not after your personal information or money. Quotex just helps to improve your financial status.
Is Quotex a Binary Options broker platform?
Most brokers for binary trading have mobile-based applications for the ‘convenience factor. However, Quotex believes otherwise. The trading platform has more faith in its web application. It likes to stick to it for the long run.
One of the most appropriate reasons behind this is the unavailable premium trading experience through a smartphone application which is somewhat valid. In addition, a web application does not occupy additional storage. It gives an accurate full-screen view of on-screen charts and other tools.
The platform offers a variety of tradable assets. This enables traders to ‘pick’ the appropriate asset of their choice. Pakistani traders can invest in any one of its 27 currency pairs. There are seven large and several small coin pairs. In addition, Bitcoin and Etherium are provided for cryptocurrency trading. Also, four products are available: Silver, Gold, Eukabrant, and USCrude. If you want to trade the index, you can choose from 14 different resources. NASDAQ100 and Dow Jones are among the listed indices. Check out all the legal binary options brokers in Pakistan.
The charts on the platform are simple to read and fully customizable. Traders can also alter the interface’s template to twilight, light, or dark mode to meet their needs.
Three factors determine the amount charged by Quotex:
- The asset being traded.
- Market or changes in economic conditions.
- The time the trade took place.
The Quotex broker website or web trading platform will offer a complete description of the fees involved.
Quotex trading platform does not impose any commission charges on its traders, even though there may be trading charges. The Quotex broker platform, however, prohibits the use of leverage.
Quotex Review in Pakistan – App for Mobile
Quotex currently has only one Android app available for download from the App Store. However, it does not make any rule out the possibility of trading on your iPhone or iPad. You can still browse web-based trading platforms from your smartphone or tablet browser. Once you set up or perform a trade, ensure you have a reliable internet connection.
To open a Quotex account in Pakistan, you must first open an account in the United States.
Opening a Quotex account is relatively easy. All you need is your email and login information. You will also be asked to select the currency of your choice. Available in VND, THB, RUB, KZT, UAH, INR, MYR, IDR, BRL, BTC, GBP, EUR, and USD.
You can attach your Facebook or Google Accounts to create an account. This method is much more effective and more straightforward.
Quotex account comes in three flavors. The first type is a standard account. It is designed for beginners or Pakistani Traders who want to feel for the site while investing some hard-earned money. Standard account holders are required to deposit $ 5 to $ 10.
Pro accounts are the second category of this trading Platform accounts. Again, this is excellent for professional Pakistani Traders who spend most of their time making transactions. $1,000 is the low minimal deposit for the Pocket Options Pro account.
VIP Trading Accounts are the final account type. This is an excellent option for experienced Pakistan clients. Therefore, a $5,000 deposit is required to open a Trading Account.
Can Pakistani Traders take advantage of exclusive offers?
The Quotex trading platform deposit bonus is an essential factor in the company’s success. There are levels of bonus amounts. This means that the more money you keep, the more bonus money you will get. For example, a bonus of up to 45% is available. In addition, if your investment is $100 or more, you will receive an additional 87% bonus to help you get started in the trading market.
Quotex Review in Pakistan – Trading Signal
The trading signals on this web-based platform are pretty accurate, and they will provide you with all the information you need before performing a transaction. In addition, high speed is also available on the platform, which allows you to trade precisely and quickly.
Web trading platforms are easy to navigate and have sophisticated trading capabilities with over five sketching tools. As a result, trade takes less time to set up and is relatively simple. To get started, you must first decide on an asset to trade. Next, adjust the time to your liking.
After you set the time, enter the amount you want to invest in the asset you choose. In the final stage, the market direction is predicted. Going up or down is your option. Now, all traders need to relax and wait for the stock to move, periodically calibrating your settings.
The Quotex Trading Platform now helps us de-risk our skills through demo accounts, whether you are just starting or want to take training before trading with your valuable money. The demo account is available to anyone and can be viewed using any internet browser on any device.
Traders will trade in a virtual environment that tracks live market events using a demo account. They will use your $ 10,000 virtual trading fund to transact. Traders can use the free demo account whenever they want, but keep in mind that this is a sample account. None of your profits will be converted into real money.
Quotex Trading Platform is available in various languages to make it more user-friendly. Vietnamese, Polish, Turkish, Russian, Italian, Tagalog, Spanish, German, Ukrainian, Chinese, Thai, Portuguese, Hindi, Malay, French, Indonesian, Arabic, Persian, and English are available.
Traders service at Quotex
This Quotex broker provides a live support chat for every trader who encounters platform issues or queries. Their response time is less than 1-5 minutes, and the fastest and helpful agents are available who work 24/7.
Note: Sometimes, support agents are overwhelmed by traders’ tickets and queues and take some time to answer your questions.
Is Quotex Regulated and Safe?
Although Quotex does not provide a live chat feature or a phone number to call, you can contact their customer service representatives by submitting a support ticket. In the Help tab of Web-Based Platforms, you can do this.
Quotex also has several other email addresses to send your questions. Write an email to email to:firstname.lastname@example.org for all-around assistance. Send a message to the email:email@example.com with any financial inquiries.
How do you deposit assets in Quotex?
Bank Transfers, Online Bank Transfers, e-wallets such as Perfect Money, and cryptocurrencies are all options for Pakistan customers. To deposit dollars into your account, tap the Deposit button in the upper right corner of the web trading platform.
While clicking on it, Quotex will take you to a screen where you can choose the payment option of your choice. Next, select the method of your choice and enter your desired deposit amount. Then, fill out the submission form and submit. Keep in mind that if you want to save a significant amount of money, Quotex may ask for more information.
The funds should be credited to your trading account within one to five business days. Quotex does not charge a deposit fee, as stated earlier.
Traders can use cryptocurrency, credit cards, electronic wallets, and bank transfers. Minimum deposit and withdrawal amounts are $ 10.
Withdraw funds from Quotex account?
Traders’ withdrawal method will be the same as the payment method you used to deposit. First, tap the Withdrawal button adjacent to the +Deposit button, just as you would when depositing funds. Then, enter the asset amount you want to withdraw.
If traders want to withdraw a substantial sum of money, you may request further documentation. Remember that withdrawals can take up to 3 business days.
Quotex Review in Pakistan – Advantages and drawbacks
Perks of using Quotex are as follows:
- One aspect that attracts the attention of potential clients is the bonus. As a result, one of the most significant benefits of using Quotex is the extra money you earn when you deposit money into your account. In addition, the deposit incentive helps you expand your capital, which increases your likelihood of reaching a more significant profit.
- When it comes to most brokers, Quotex web-based platform can be regarded as an advantage. When managing space on your smartphone, the lack of software is a huge help. Also, any browser on a mobile device or device can access the platform.
- The web-based trading platform is also highly user-friendly. Quotex trading platform offers a straightforward and easy-to-understand UI compared to other broker’s platforms. As a result, it’s ideal for new traders or those unfamiliar with charts or trading platforms. The procedure for opening a trade is likewise quick and straightforward.
Drawbacks of using Quotex:
Despite its numerous advantages, Quotex is not without its flaws. One of the shortcomings is the inability to trade with leverage. This makes it somewhat complicated, but not impossible, to generate significant profits from your trade.
In addition, some Pakistani traders may be wary of the legitimacy of these brokers. A governing body does not operate Quotex because it is too new. But, it is not indicated that IFMRRC continues to license the company.
Now, you can find a variety of free eBooks, online courses, and webinars on the websites of various brokers. Unfortunately, Quotex does not provide customers with any instructional assets. It just provides a demo account instead.
Quotex Review in Pakistan – Conclusion
Finding a trusted and legal broker in our country, as we all know, can be challenging. After all, these trading businesses rarely have a list of countries to operate. Therefore, it is up to the Quotex trader to conduct research and read the reviews of different clients to acquire the necessary knowledge.
This Quotex Review aims to give readers a clearer picture of whether Quotex is legal in Pakistan and, nevertheless, whether it is right to believe and fund it. We’ve tried to summarize everything to give you a clear idea of the platform and what it can do.
If you find this helpful review, be sure to bookmark it and share it with your friends and fellows who are ambitious like you and want to make a passive income to meet their goals.