Quotex Singapore – Introduction
Quotex is one of the best binary options brokers accepting traders worldwide. It started providing online trading service in 2019 and has become a leading brand in the financial markets. Quotex is a legitimate trading platform. Maxbit LLC manages it with its registered address as First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St. Vincent and Grenadines. Hence Quotex Singapore is a trustworthy online trading platform.
It accepts traders exactly from all over the world, excluding a few countries, which can be found on the Quotex website. Quotex accepts traders from Singapore to trade multiple assets on Binary Options like Currencies, Cryptocurrencies, Commodities, and Indices. The Quotex trading platform is legal in Singapore. So, read this Quotex Singapore Review and start trading with this online platform.
The traders can claim a first-time deposit bonus of 30% when they deposit after registering an account. The Bonus amount can be used for trading.
Quotex Singapore Account Types
Quotex Singapore has three real account types available: Standard, Pro, and VIP.
- The Standard account is ideal for novices lacking market knowledge. It requires a minimum deposit of $10 and features a payout of up to 85% on all accessible assets.
- The Pro account is perfect for active traders seeking greater profitability. With a minimum deposit of $1,000 and provides an extra 2% payout on all accessible assets.
- The VIP account, ideal for professionals in binary options trading, offers the highest profit percentage among all account types. It includes access to premium deals, promotions, and offers. However, it requires a minimum deposit of $5,000 and provides an additional 4% on all assets.
Quotex is a trading platform that offers its customers a wide range of tradeable assets in Singapore. Here are some of the assets that you can trade on Quotex in Singapore:
- Forex: This is the most liquid and largest market in the world where you can trade various currency pairs such as EUR/USD, USD/JPY, GBP/USD, AUD/USD, and many more.
- Stocks: Quotex provides a platform to trade in stocks of numerous multinational companies. You can buy and sell shares of companies like Facebook, Google, Apple, Amazon, Netflix, and many others.
- Commodities: This platform allows you to trade in various commodities like gold, silver, oil, natural gas, and others.
- Indices: You can trade in indices that represent the performance of a specific stock market sector. Some of the popular indices available on Quotex include S&P 500, NASDAQ, DAX, FTSE 100, and more.
- Cryptocurrencies: Quotex also offers the opportunity to trade in various cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, and others.
- Binary Options: This is an all-or-nothing type of investment where you predict the price direction of an asset within a set timeframe.
These are just some of the tradeable assets available on Quotex in Singapore. The availability of these assets makes Quotex a versatile platform for trading and investing. Remember that all trading involves risk and it’s important to understand the markets and assets you’re trading in.
Quotex Singapore Platform Features
The Quotex Singapore online trading platform offers a range of impressive features designed to enhance user experience and provide seamless trading services. These features include a user-friendly interface, real-time trading charts, a wide range of assets for trading, and a comprehensive educational section for beginners. It also provides various analytical tools to aid users in making informed trading decisions. The platform supports multiple languages and offers round-the-clock customer support. Furthermore, it ensures high-level security measures to protect users’ data and transactions. With its advanced technology, Quotex Singapore trading platform aims to provide an efficient and reliable trading environment for all its users.
Quotex Singapore provides a variety of advanced tools and resources for trading. These tools are designed to enhance trading performance and enable traders to make informed decisions.
- Charting Tools: These tools enable traders to visualize market trends and patterns, making it easier to anticipate market movements. They include candlestick charts, line charts, and bar charts, among others.
- Technical Analysis Tools: These tools help traders analyze market trends and price movements. They include indicators like moving averages, relative strength index (RSI), and Bollinger Bands.
- Fundamental Analysis Tools: These tools provide insights into the financial health and performance of companies. They include earnings reports, balance sheets, and news updates.
Risk Management Tools: These tools help traders manage their risks by setting stop loss and take profit levels, among other features.
- Trading Bots: Quotex Singapore also provides automated trading tools or bots that execute trades based on pre-set rules and strategies.
Charting and Analysis Tools on Quotex Platform
Quotex platform offers sophisticated charting features that aid traders in making successful trading decisions. Users no longer need to alternate between windows to analyze market trends, as they can do it directly from the trading platform to execute a trade.
The chart selection area is divided into Trend Indicators and Oscillators, with more than 30 indicators in total. The Trend Indicators comprise Alligator, Bollinger Bands, Envelopes, Fractal, Ichimoku Cloud, Keltner channel, Donchian channel, Supertrend, Moving Average, Parabolic SAR, and Zig Zag indicator.
The Oscillator indicators on the Quotex platform include ADX, Aroon, Awesome Oscillator, Bears power, Bulls power, CCI, DeMarker, ATR, MACD, Momentum, RSI Rate Of Change, Stochastic Oscillator, Schaff Trend Cycle, Vortex Volume Oscillator, Williams %R, and Weis Waves Volume Oscillator. The platform continues to incorporate more indicators periodically. Traders can leverage these high-end indicators for market analysis.
Quotex Singapore Mobile App
The mobile trading platform is one of the most liked features of any online trading platform. It helps traders to manage their open trades and place new trades whenever and wherever they want. Quotex has an excellent Mobile Trading platform available to their traders for free. The mobile trading app is now available only for Android and may soon be available for iOS smartphones.
In addition, the Quotex mobile app also provides you access to a demo account too. A demo account is like a real trading account but without involving any real money. It helps traders to learn and practice while on the go. The demo account has a virtual $ 10,000 demo balance, which will help you improve your trading skills.
The traders can directly deposit funds from the mobile trading app and request fund withdrawal too. Make use of all the trading opportunities and trade while traveling or when away from home or the office.
Quotex Singapore Fund Deposit and Withdrawal Options
Quotex offers a variety of funding methods for its users in Singapore. Users can fund their accounts using credit or debit cards, e-wallets like Skrill and Neteller, or even cryptocurrencies like Bitcoin and Ethereum. Quotex has also integrated local payment systems specific to Singapore to accommodate local users. The platform ensures all transactions are protected with high-level encryption technology to secure users’ financial information.
- Credit or Debit Card: You can fund your account by using either a credit or debit card. This is one of the quickest and most convenient ways to fund your account. The platform accepts Mastercard, Visa, and other major card providers.
- Bank Transfer: You can also conduct a bank transfer directly from your bank account to your Quotex account. This method may take longer than a card, as the processing times depend on your bank.
- E-Wallets: Quotex also accepts payments from various e-wallets. These include popular options such as Skrill, Neteller, and Perfect Money. The processing times for these methods tend to be very fast.
- Cryptocurrencies: If you own Bitcoin or other cryptocurrencies, you can use them to fund your account. This is a very secure payment method, although the processing times can vary depending on the state of the network.
- Local Payment Methods: Depending on your location, local payment methods might also be available. For instance, WebMoney is a popular method in some Asian countries.
- Wire Transfer: For larger amounts, a wire transfer may be the most suitable option. This method typically involves higher fees and longer processing times.
Remember to check each method’s fees and processing times before making a deposit. Also, ensure that your chosen method matches your investment strategy. For example, if you plan to make frequent trades, a method with fast processing times would be more suitable.
Quotex Review – Security and safety
Here are some of the key safety and security features of the Quotex trading platform:
- SSL Encryption: The Quotex trading platform uses SSL encryption to protect user data and information from potential hackers. This encryption ensures that all data transferred between the user and the platform is secure and cannot be intercepted by unauthorized users.
- Two-Factor Authentication (2FA): Quotex trading platform provides users with the option of enabling two-factor authentication, which adds an extra layer of security to their accounts. This feature requires users to enter a unique code generated by an authentication app to access their accounts.
- Segregated Accounts: Quotex trading platform keeps user funds in segregated accounts, which means that user funds are kept separate from the company’s operating funds. This feature ensures that user funds are protected in the event of bankruptcy or insolvency.
- Anti-Money Laundering (AML) Compliance: Quotex trading platform is compliant with AML regulations and conducts thorough identity verification checks on users to prevent money laundering and other illegal activities.
Overall, Quotex trading platform prioritizes the safety and security of its users and provides them with various safety and security features to ensure a secure trading experience.
Traders can communicate with us directly through the platform interface by submitting a ticket or using the live chat option. The Quotex support team swiftly acts on customer queries and provides the solution as soon as possible. Quotex also has a dedicated telegram channel for general help and guidance. The support services work professionally round the clock to help customers.
The support team has three divisions to make the support service better, they are Payment related, Registration related and Account Verification related. Choose the correct support tab for faster response and quick resolution.
Is Quotex Legal In Singapore?
Yes, It is legal to trade with Quotex in Singapore. Quotex is a globally recognized online trading platform that offers various financial instruments, including binary options. In Singapore, it is completely legal to trade online with Quotex. The platform is regulated, ensuring safe and secure trading for its users. Singaporean traders can utilize the platform’s advanced technology to trade and potentially earn profits. Moreover, Quotex offers a user-friendly interface, a variety of trading assets, and a wealth of educational resources, making it a reliable choice for both novice and experienced traders in Singapore.
Regulations are frequently changing, so make sure that the current legislation in your country about online Trading before you invest.
Quotex Review – CONCLUSION
In conclusion, Quotex has gained significant attention in Singapore due to its user-friendly interface, impressive range of assets, and competitive payout rates. The platform’s unique features, such as its demo account offering, provide an excellent opportunity for beginners to learn the ropes of binary trading. The customer service is also commendable, with swift and helpful responses. However, users should be cautious and conduct thorough research as binary options trading involves substantial risk. Over time, Quotex has proven to be a reliable and efficient platform for binary options trading, making it a viable choice for traders in Singapore.
However, traders must know that trading involves the risk of losing money. Hence never invest the money you can’t afford to lose.