26 February 2025

A Simple Guide to Getting Started with Quotex

If you’re looking to dive into the world of binary options trading, Quotex is an excellent platform to get started. With its user-friendly interface, advanced features, and a demo account for practice, it provides a solid foundation for both beginners and experienced traders. In this guide, we’ll walk you through the simple steps to get started with Quotex and begin your trading journey.

1. Create Your Quotex Account

The first step is to create a Quotex account. To do this, simply visit the Quotex website and click on the “Sign Up” button. You’ll need to provide your email address, create a password, and agree to the platform’s terms and conditions. After signing up, you’ll receive a confirmation email. Click on the link in the email to verify your account, and you’re good to go.

Once your account is set up, you can access the platform through your desktop browser or by downloading the Quotex mobile app for trading on the go.

2. Fund Your Account

Before you can start trading, you’ll need to deposit some funds into your Quotex account. The platform supports a variety of payment methods, including credit/debit cards, bank transfers, and e-wallets like Skrill and Neteller.

To deposit funds, log in to your account, go to the “Deposit” section, and select your preferred payment method. The minimum deposit amount is typically around $10, making it accessible for beginners. Once you’ve entered the deposit amount, follow the instructions for completing the transaction. Your funds should appear in your Quotex account almost instantly, and you’re ready to trade.

3. Familiarize Yourself with the Platform

Before placing any real trades, take some time to familiarize yourself with the Quotex trading interface. The platform is designed to be intuitive, even for those who are new to trading. Key elements of the interface include:

Asset selection: Choose the asset you want to trade, such as a currency pair, stock, or commodity.
Trade amount: Set the amount you wish to invest in each trade.
Trade duration: Choose how long you want your trade to last. Quotex allows various time frames for binary options, ranging from a few seconds to several minutes.
Charts and indicators: The platform offers real-time charts and technical analysis tools to help you make informed decisions.

You can explore the features and practice navigating the platform using the demo account feature, which allows you to trade with virtual money. This is a great way to get comfortable with the interface and understand how the trading process works before you risk real funds.

4. Choose Your Asset and Analyze the Market

Once you feel comfortable with the platform, it’s time to choose an asset you want to trade. Quotex offers a wide range of assets, including forex pairs, stocks, commodities, and indices.

Before making a trade, it’s crucial to analyze the market and understand the price movement. Quotex provides real-time charts, allowing you to track the price action. You can also use technical analysis tools like moving averages, Bollinger Bands, and RSI (Relative Strength Index) to help predict the asset’s future movement.

5. Place Your First Trade

Now that you’ve chosen an asset and analyzed the market, you’re ready to place your first trade. On the Quotex platform, you’ll see two main options for binary options trading:

Call Option (Up): If you believe the price of the asset will rise by the end of the trade, you choose the “Call” option.
Put Option (Down): If you believe the price will fall, you select the “Put” option.

Once you’ve selected your trade direction, input the amount you want to invest, and choose the duration of the trade. If you’re confident in your prediction, click on “Invest” or “Place Trade” to execute the trade.

6. Monitor Your Trades

After placing your trade, you can monitor its progress on the platform. Quotex provides real-time updates on your trade’s status, showing whether it’s in profit or loss. If the trade expires and you’re correct, you’ll receive a payout based on the asset’s price movement.

7. Withdraw Your Earnings

When you’re ready to take profits or withdraw funds, simply go to the “Withdraw” section of your account. Quotex offers several withdrawal options, and the process is quick and easy. Remember that some payment methods may take a few days to process.

8. Understanding Quotex Account Types

Before depositing larger amounts, it helps to know which account type best fits your goals and experience level. Quotex typically offers a demo account for practice, a standard account for most traders, and higher-tier accounts with enhanced conditions such as better payouts or dedicated support for more active users. Starting with the demo and then moving to a standard account lets you test strategies with minimal risk while still accessing the full platform experience.

9. Making The Most Of The Quotex Demo Account

Many beginners underestimate how powerful the demo account is as a learning tool. You can use virtual funds to test different assets, expiries, and position sizes, track how your decisions perform over time, and experiment with indicators without any emotional pressure from real money on the line. Treating the demo account like a real portfolio—keeping a journal of trades, reasons for entries, and outcomes—helps build discipline and a repeatable process before switching to live trading.

10. Basic Risk Management For Quotex Traders

Binary options can be fast-paced, so having simple risk rules in place is essential. Many traders cap each position at a small percentage of their total balance (for example, 1–2%) and set a daily loss limit to avoid chasing losses when emotions are running high. It is also wise to avoid placing all trades on a single asset or expiry; spreading trades across different assets and time frames can reduce the impact of a single bad decision or sudden price spike.

11. Using Technical Indicators Wisely

Quotex provides popular indicators like moving averages, Bollinger Bands, and RSI, but the real edge comes from combining them in a simple, consistent way. For example, some traders use a moving average to define trend direction and RSI to avoid entering overbought or oversold conditions, rather than relying on a single signal. Keeping your chart clean and focusing on one or two indicator combinations that you understand thoroughly usually works better than stacking many tools you rarely interpret correctly.

12. Building A Simple Trading Plan

Even beginners benefit from a written trading plan that outlines when, how, and why they will place trades on Quotex. A basic plan might define your preferred trading sessions, the assets you focus on, the indicator setup you use, your maximum risk per trade, and your rules for stopping after a winning or losing streak. Reviewing this plan weekly and adjusting it based on your results helps you gradually move from random trades to a structured strategy that can be improved over time.

13. Taking Advantage Of Bonuses—Carefully

Quotex and its partners sometimes promote deposit bonuses or promo codes that increase your starting balance. While these offers can be attractive, always read the terms and conditions carefully, as bonuses often come with volume or withdrawal requirements that may not suit every trader. It is usually safer to view bonuses as an extra cushion rather than a reason to over-deposit or take on more risk than your strategy and experience justify.

Wrapping It Up

Getting started with Quotex is simple, even for beginners. By following these basic steps—creating an account, funding your account, practicing with a demo, and placing your first trade—you’ll be well on your way to becoming a successful trader. As you gain experience, you can explore more advanced trading strategies and tools to refine your approach.

Remember, trading involves risk, so it’s important to start small and never invest more than you can afford to lose. Happy trading!

Author Bio

Ana Milojevik is a fintech and trading enthusiast who writes practical guides for beginners navigating online investing platforms and binary options. Drawing on years of experience testing brokers, tools, and strategies, she focuses on clear, jargon-free education that helps new traders build confidence and manage risk wisely. When she’s not writing, Ana researches market trends and user-friendly platforms to make trading more accessible to everyday investors.

Frequently Asked Questions

Q: Is Quotex suitable for complete beginners?
A: Yes, Quotex is beginner-friendly thanks to its simple interface and free demo account, which lets new traders practice with virtual funds before risking real money.

Q: What is the minimum amount I need to start trading on Quotex?
A: The typical minimum deposit is relatively low (around $10), making it accessible for traders who want to start small and test the platform.

Q: Can I trade on Quotex from my phone?
A: Yes, Quotex offers a mobile app and a responsive web platform, so you can place and manage trades directly from your smartphone or tablet.

Q: Are binary options on Quotex risky?
A: Yes. Binary options are high-risk because each trade has an all-or-nothing payout structure, meaning you can lose your full stake on a single trade, so proper risk management is essential.

Q: How can I get help if I have a problem with Quotex?
A: You can use the platform’s FAQ section, submit a support ticket, or contact customer service by email, with responses typically provided within 24 hours.