QUOTEX Bangladesh Exposed: What You Need to Know Before Signing Up in 2024!

As trading platforms gain popularity in Bangladesh, QUOTEX has emerged as a notable option for investors looking to explore various financial instruments. With its user-friendly applications and diverse account types, it appeals to both novice and experienced traders. However, questions linger regarding its offshore registration and the implications for investor security. What do you need to know before signing up for QUOTEX in 2024? Keep reading to uncover essential insights and expert advice on making the right choice.

Overview of QUOTEX Bangladesh: Essential Insights 

QUOTEX Bangladesh provides a unique trading experience via its proprietary web and mobile applications. According to Traders Union experts, the platform offers various account types, including Demo and Live accounts, enabling traders to explore different strategies without risking real capital. QUOTEX supports a wide range of currencies, including USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, and VND.

The platform’s user-friendly interface ensures that even those with minimal technical expertise can navigate easily. Fund replenishment and withdrawals can be made through multiple methods, such as Visa/Mastercard, Perfect Money, Piastrix, FK Wallet, and various cryptocurrencies including Bitcoin Cash, BTC, LTC, ETH, Coinbase, Dai, Binance Coin, and Paxos Standard. The minimum deposit required to open an account is $10, while the minimum order value is just $1.

QUOTEX offers an impressive range of tradable instruments, which include currency pairs, commodities, cryptocurrencies, and indices. It also features mobile trading capabilities for users who prefer to trade on the go. Notably, the platform provides an affiliate program that allows users to earn through referrals. However, it\'s important to highlight that QUOTEX does not offer leveraged trading or access to shares, which may limit certain trading strategies.

In terms of promotions, QUOTEX enhances the trading experience with deposit bonuses, risk-free trades, and promotional codes, allowing traders to maximize their potential earnings. Despite its registration in Bangladesh, QUOTEX is owned by Awesomo Ltd., based in Seychelles, and registered in St. Vincent and Grenadines, an offshore tax haven. As such, potential clients should be aware that there is no guarantee of compensation if the broker becomes insolvent.

Quotex Market Hours in Bangladesh

Understanding market hours is crucial for QUOTEX users in Bangladesh, as the availability of assets varies depending on the underlying markets. Forex markets operate globally around the clock on weekdays, divided into four primary sessions:

• Sydney Session: 3:00 AM to 12:00 PM BST
• Tokyo Session: 6:00 AM to 3:00 PM BST
• London Session: 1:00 PM to 10:00 PM BST
• New York Session: 6:00 PM to 3:00 AM BST

Being aware of these trading hours allows traders to make informed decisions and take advantage of market movements effectively. 

How to Register for a Demo Account on Quotex

To create a demo account on Quotex, begin by visiting the official website. Once there, click on the “Open demo account” button to initiate the process. You’ll then select the option for “Trading on a demo account,” allowing you to access the demo account immediately, with no registration or deposit required.

Steps to Register for a Real Account on Quotex

For those interested in opening a real account, Quotex offers three registration methods: via email, Google, or Facebook. To register with email, navigate to the Quotex website and click on “Registration.” Fill out the form with your email address, password, and preferred currency, then submit it. Alternatively, for Facebook or Google registrations, click the respective icon during the registration process, log in to your account, and authorize Quotex to use your credentials.

After registration, you’ll typically receive a verification link or code via email. Follow the instructions provided to activate your account and gain full access to Quotex’s trading features.

Quick Guide to Verifying Your Quotex Account

Verification of your Quotex account requires logging in, accessing account settings, and selecting the “Account Verification” option. You will need to upload documents confirming your identity and residence, such as a passport or utility bill. After submitting your documents for review, Quotex will notify you via email once your account has been verified, granting you unrestricted access to their services.

Expert Thought 

“Before registering with QUOTEX, potential users should be aware of its offshore status,” advises financial expert Viktoras Karapetjanc. “Although QUOTEX is readily available and provides a variety of trading instruments, its offshore regulation raises red flags regarding investor safety.” He also emphasizes that users should thoroughly evaluate the trading features available, particularly the absence of leveraged trading, which could impact profit potential. He states, \"You must evaluate your trading strategy and risk tolerance before investing any capital.\" Additionally, Karapetjanc recommends testing the demo account to get accustomed to the platform without financial risk. Ultimately, traders should weigh the benefits against the potential risks involved in trading with an offshore broker like.