(Newswire.net — June 19, 2023) —

Nowadays there are a lot of Forex brokers to choose from. QUOTEX is one of them. The experts at Traders Union published a review about this broker. In their article, they delved into QUOTEX’s regulatory framework, services, fees, and trading conditions, providing a comprehensive review for prospective clients. From the TU article traders can learn everything about QUOTEX Malaysia.

QUOTEX Malaysia – General information

QUOTEX offers clients a proprietary web platform and a mobile application for trading. There are two account types available: Demo and Live. The minimum deposit is USD 10 and the minimum order is USD 1. There are plenty of tradable instruments offered on QUOTEX, including currency pairs, commodities, cryptocurrencies, and indices. The broker also offers users various bonuses: deposit bonus, risk-free trade, and promo codes. As a broker, QUOTEX provides several educational resources, including guidance videos and market news, to help users understand the platform better.

QUOTEX Malaysia pros and cons

Pros:

• User-friendly platform. It is also beginner-friendly, making it easy for new traders to get started with binary option trading.

• Low minimum deposit. There are also no withdrawal fees. This makes it easy for beginners to start trading without breaking the bank.

• Multiple languages. This makes it easy for users around the world to trade in their preferred language.

• Unlimited trading signals. This is a huge advantage for traders who are always on the lookout for new trading opportunities.

• A 30% deposit bonus. This is a huge incentive for traders to invest more and trade more actively.

• QUOTEX accepts crypto payments. This is a huge advantage for users who prefer to trade with cryptocurrencies.

Cons:

• No leverage. This can be a disadvantage for more experienced traders who want to maximize their profits through higher investments.

• Restricted access in multiple countries. Access to the website services is restricted in various countries, such as the USA, Canada, Hong Kong, countries within the EEA, and Russia. In addition, individuals who are under 18 years old are not permitted to use the website’s services.

Is QUOTEX legal in Malaysia? Is it safe?

As a broker, QUOTEX accepts traders from all around the globe, including Malaysia. This broker is based in Seychelles and is regulated by IFMRRC (International Financial Market Relations Regulation Center). The license number for QUOTEX is TSRF RU 0395 AA V0161. The official company number is 226716.

The broker uses SSL encryption to protect users’ data and provides 2-factor authentication to ensure secure logins. QUOTEX also uses regulated payment methods, ensuring that traders’ funds are safe and secure. The platform also provides negative balance protection. This ensures that users’ account balances never go into negative territory, even in case of significant losses.

Is QUOTEX a Malaysian company?

QUOTEX is nor registered in Malaysia, that is why it is not registered with the Securities Commission of Malaysia. However, the broker is regulated by the International Financial Market Relations Regulation Center (IFMRRC). This provides clients with the assurance that the platform operates in a legitimate and trustworthy manner.

QUOTEX Malaysia – fees

QUOTEX charges no deposit, transaction, or withdrawal fees. Moreover, there is no inactivity fee for users who don’t trade frequently. The only fee the broker charges is the spread fee. It is the difference between the bid price and the ask price for an asset. The spread fee may vary based on the asset and the time frame selected. It is usually higher for assets that are less frequently traded or for trades that are held for longer time frames.

As you see, QUOTEX is a trustworthy and reliable broker.It is regulated by an official authority and many traders trust it. The broker has a low minimum deposit. QUOTEX also offers a $30 deposit bonus for those who deposit $100 or more. Moreover, the broker offers risk-free trades and promo codes. According to Traders Union, QUOTEX is one of the best brokers in Malaysia.