Quotex Indonesia is one of the brokers whose names are being talked about a lot lately. Many traders are interested in accessing the capital market with Quotex Indonesia. Actually, how is the quality of Quotex Indonesia? Is Quotex Indonesia a safe and reliable broker? The following is a complete review of Quotex Indonesia:
What is Quotex Indonesia?
Quotex Indonesia is a broker that has been operating since 2020. This Seychelles-based broker has the trademark Awesome LTD. Quotex Indonesia has been legalized and regulated by the International Financial Market Regulation Regulatory Center. Quotex Indonesia provides access to various investment instruments such as the forex market for cryptocurrencies, commodities, indexes and binary options.
Nearly 100,000 traders make transactions through the Quotex broker every day. Quotex Indonesia also accepts transactions from 249 countries without restrictions. However, only traders over the age of 18 can make such transactions.
Quotex Indonesia is a broker for trading with the binary options system. Binary options trading is a trading system that is carried out by guessing whether the price of the asset will decrease or increase within a certain period of time. Binary options trading is not subject to spread fees, including Quotex Indonesia. In addition, this trading system is also considered capable of providing high profits in just a short time. However, you have to be careful when trading with the binary options system. Because this trading system has a high risk. If you make a prediction wrong, then you have to face big losses.
The trading procedure is carried out by registering and opening an account through a broker that provides the trading system, one of which is Quotex Indonesia. After registering, you must make a deposit. After that, select the type of asset that you will use in trading. The amount of deposit funds you deposit will affect the type of asset you can choose. The bigger the deposit, the more freedom you will have in choosing the type of asset.
After the deposit process, the binary options application will calculate the potential profit from the transaction. The profit you get can reach 90%. By using the Quotex Indonesia broker, the profit you get reaches 85%. After that, you have to choose the trading duration. Trading duration at Quotex Indonesia can only be done within 1 minute to 4 hours. Therefore, this broker is more suitable for short-term trading.
Is Quotex Indonesia a Trusted Broker?
Quotex Indonesia has been operating under the trademark Awesome LTD. This broker has also been regulated and regulated by the International Financial Market Regulation Regulatory Center with license number TSRF RU 0395 AA V0161. Quotex broker also has an official office based in Seychelle, to be precise at Sound Vision House, Francis Rachel Str., Victoria.
With legalization and an official office, you can be sure that Quotex Indonesia is a safe and trusted broker. So, you don't need to be afraid of fraud.
Fraud is usually carried out by individuals acting on behalf of certain brokers. One characteristic of fraudulent brokers is the process of transferring funds for deposits made to personal accounts. If there are unscrupulous persons on behalf of the broker who ask you to transfer deposit funds to a personal account, you must be careful.
Access to a wide range of investment instruments
Daftar Quotex Indonesia provides access to more than 400 financial instruments so that it is easier for you to diversify your portfolio. The financial instruments offered by Quotex Indonesia include:
more than 40 types of currencies for forex trading
Cryptocurrencies like Bitcoin, Ripple, Litecoin and Ethereum
Indices such as the SP500, Dow Jones, and various high end exchanges
Commodities such as gold, oil, silver, and the like.
The trading platform is easy to use
The platform used by Quotex is also very responsive and user friendly. The features provided in the Quotex platform are also very complete. Following are the various features in the Quotex Indonesia trading platform:
Pair information to help you choose a currency pair to use in trading
Trading signals provided by reliable analysts to help you determine position entry.
An exchange form that you can use to switch the type of currency used in trading at no extra cost.
Apart from being directly accessible via the web, you can also download the Quotex Indonesia trading platform via PlayStore. So, you can trade using a desktop or android according to your choice.
Provide bonuses for traders
Quotex Indonesia provides various bonuses for traders, such as a welcome bonus of 30% when making the first deposit. In fact, it is very rare for brokers to give bonuses to traders.
Responsive customer service
Quotex Indonesia also has customer service that is always readyhim for 24 hours straight. You can access customer service via the livechat feature, email, telephone or email.
The minimum deposit fee at Quotex Indonesia is also very cheap, which is around US$ 5 with a minimum transaction size of US$ 1. The promised profit on transactions reaches 95% within 60 minutes.
Disadvantages of Quotex Indonesia
Some of the shortcomings of Quotex Indonesia include:
Cannot trade long term
One of the things that the Quotex Indonesia broker lacks is the selection of very few time frames so that it can only be used for short-term trading. Quotex Indonesia only provides a time frame of 1 minute to 4 hours.
Not yet registered with OJK
Even though it is classified as safe, the Quotex Indonesia broker has not been fully registered with the Financial Services Authority (OJK), so there is no institution authorized to regulate broker work. Therefore, this broker is classified as inadequate in managing customer funds. You should also be careful when choosing this broker because there is no refund guarantee protection if this broker goes bankrupt.
No leverage available
Quotex Indonesia does not provide leverage facilities so traders with minimal capital often have limited market access.
High risk
The trading system at the Quotex Indonesia broker uses binary options. This trading system has a high risk because you have to guess whether the asset price will go up or down in a certain period. If you predict wrong, then you can get big losses. Even though the promised profit is high, you must be prepared for the risk of big losses.
Website: http://quotex-vip.com
