Traders Union experts have noticed that binary options trading is booming in Bangladesh, just like in other parts of the world. Among various platforms, QUOTEX, established in 2019, has gained attention. It lets people from around the world, including Bangladesh, trade currencies, metals, oil, cryptocurrencies, and stock indices. This platform is known for its high profit potential, up to 90%, which has caught the eye of traders in Bangladesh.
What Is QUOTEX?
TU analysts have provided QUOTEX Bangladesh review. They found this platform gives a special trading experience with its own web and mobile apps. They offer various account types like Demo and Live, allowing trading in USD, EUR, GBP, and other currencies. The platform is easy to use, even for those not good with tech. You can add or take out money in different ways, including cards, Perfect Money, and cryptocurrencies like Bitcoin. The lowest deposit and trade values are really cheap at $10 and $1.
You can trade lots of things like currencies, commodities, and cryptocurrencies on QUOTEX. It’s also available on mobile, so you can trade while on the go. They even have a way to earn through referrals. Keep in mind, though, that they don’t do leveraged trading and shares. But the platform has good stuff like bonuses and risk-free trades to make trading better.
QUOTEX In Bangladesh
According to experts at Traders Union, QUOTEX is an interesting choice for traders in Bangladesh. They like it for many reasons: it has lots of trading options, a platform that’s easy to use, and good customer service.
People like that the platform works well on different devices like tablets and phones. Their Android app has been downloaded over 500,000 times, which shows it’s reliable.
It gives helpful stuff like a Telegram channel for news and trading signals. They have tools to help you trade better, like real-time signals and 29 trading indicators. In your account, you can find free and paid promo codes. But there’s a downside. QUOTEX isn’t great at teaching. New traders might struggle because there aren’t many articles or videos to learn from.
Analysis Of Pros And Cons
TU experts highlight such features of trading with this broker as.
- Low Investment: Just $10 is enough to start trading.
- No Extra Costs: They don’t charge for trading, depositing, withdrawing, or having an account.
- Easy Trading: Their platform is simple and made for binary options trading.
- Safety First: QUOTEX is regulated and keeps your trading and account safe.
- Extra Security: They use two-factor authentication for the platform and your Personal Account.
- Verification for Big Withdrawals: You only need verification for taking out big amounts.
- No Leverage: You can’t do leveraged trading on this platform.
- Limited Learning: They don’t offer much education or tools for analysis on their website.
Legality of QUOTEX In Bangladesh
According to Traders Union analysts, the platform isn’t a Bangladeshi company; it’s owned by Awesomo Ltd from Seychelles. While it’s registered in Bangladesh and generally safe, it’s also registered in St. Vincent and Grenadines, a tax haven. The company behind QUOTEX, Maxbit LLC, isn’t monitored by reliable regulators, so there might not be compensation if they have money problems.
Even though it’s registered, financial regulators in Europe like CMVM, CNMV, and CONSOB have warned about QUOTEX. They say the broker isn’t allowed to offer financial services there. So, even though it’s okay to trade with this broker in Bangladesh, traders should be careful.
The experts have observed a rising interest in binary options trading in Bangladesh, similar to global trends. QUOTEX has garnered attention for its wide range of trading options. This platform enables people worldwide, including Bangladesh, to trade in various assets like currencies, metals, oil, cryptocurrencies, and stock indices.