The increasingly popular world of trading has led to the emergence of investment brokers One of the brokers you can use is Quotex. If you’re new to trading, it’s a good idea to start by using a Quotex demo account.
Established in 2020, Quotex offers a choice of assets that users can invest in. Not only that, Quotex is also a brokerage platform that already uses the latest technology with sophisticated software embedded in it.
Opening a Quotex Demo Account
Quotex is one of the binary options trading platforms with easy order execution and a user-friendly interface. The platform also provides convenience to users with the Quotex mobile app.
On the other hand, Quotex provides a wide range of trading options. There are four markets available on this platform. First, there is the crypto or forex market which allows you to trade multiple currencies.
Second is the crypto market. In this market, Quotex provides various assets for its users such as Bitcoin, Ethereum, and Litecoin.
The next market is commodity trading which includes oil, silver, and gold. Finally, there is the index market which is a representation of the performance of the stock exchange.
Despite the variety of assets and markets found on the Quotex platform, starting to trade is certainly not something that can be done carelessly. If you’re a beginner in this investment world, it’s best to use the Quotex demo account first.
What is a Demo Account?
A demo account is an account provided by a Quotex broker for users, especially beginners, to experiment on the platform before activating an account. Demo accounts have been popular since the advent of online trading and have been widely disseminated as a way to test the user experience of the platform.
The existence of a demo account greatly assists users in trading assets using paper trading, but with real, live market situations. In addition, testing on the Quotex demo account also allows users to develop experience as well as test their new strategies.
A demo account is like an investment simulator, where traders who are interested in trading will not risk a penny. Even if you’ve already tried investing in the stock market, there’s nothing wrong with trying a demo account when diving into the world of crypto, forex, and commodities.
One way to do this is through the popular trading broker Quotex. In addition to a user-friendly interface, Quotex has also provided a demo account feature.
How to Open a Quotex Demo Account
Opening a demo trading account at Quotex is quite easy. You can check out some of the steps below if you want to open a demo account.
- Visit the official Quotex website on your device.
- Once on the home page, click on the “Register” menu at the top right of the page.
- Next, fill in your details and information, including your name, email address, and phone number. Create an easy-to-remember password for your account.
- After filling in the data, you will receive an email from Quotex requesting verification of your email address. Simply click on the link provided in the message to complete the verification.
- Once done, you will be redirected to the Quotex platform. You can complete your account profile section by filling in some information such as date of birth and address.
- If you’re interested in starting trading with real money, you can deposit it into your account. The Quotex platform offers the convenience of payment by bank transfer, e-wallet, or credit/debit card.
- If you choose the Quotex demo account, you can start trading without risking real money. The process of creating an account for trading is complete.
Pros of Demo Trading Account at Quotex
Quotex is not the only investment broker in the world, but there are many, the majority of which also offer demo account features. However, some of the points below are considerations of why you should use Quotex over other platforms.
1. User-Friendly Interface
The Quotex trading platform has a user-friendly interface. This allows beginner traders to navigate and operate the platform. Unlike other demo accounts, which often have more complex interfaces that can be overwhelming for users.
2. Learning Resources
As one of the forex brokers that is friendly to traders of all experience levels, Quotex also provides access to various resources that can increase the knowledge of its users. These include webinars, e-books, and video tutorials that can help users learn trading techniques and strategies. This is a distinct advantage as not all demo accounts provide this.
3. Competitive Fees
The Quotex demo account offers competitive fees, making it a popular choice for beginner traders. This is in contrast to other demo trading accounts that may charge higher fees that can reduce your profits.
4. Wide Range of Assets Available
If you look at other platforms, most of them only focus on one type of asset. But when you use Quotex, you can try your luck with multiple assets such as stocks, forex, cryptocurrencies, or commodities.
5. 24-Hour Support
The Quotex platform provides support to users for 24 hours. This can be done via email, phone, or live chat. That way, you don’t have to be confused and frustrated when you encounter problems in the middle of trading.
Opening a Quotex demo account is an attractive option for beginner investors. Not only is it easy to understand, but it allows you to test your trading skills on a variety of trading assets.
