QUOTEX is a broker that specializes in binary options trading. In 2019, the company was founded. Clients can trade currencies, metals, and oil, as well as cryptocurrencies and stock indices. According to Traders Union, They also earn up to 90% profit on their options. QUOTEX developed a trading platform that can be customized and supports 29 technical indicators. It also allows for investments starting at USD 10. Support is available 24/7 by the broker’s team. Two-factor authentication protects the client’s personal and financial information.
Quotex users can benefit from these trading strategies
There are many best CFD trading platforms, and quotes are one of them because:
- Quotex is a trusted trading platform that offers traders different trading tools and strategies to make more profits. These strategies come in many various forms, including complex or straightforward. They also have other payoffs.
- Quotex is a trading platform. It is available in India and the USA. You can also download a mobile application. You can get quotes from Quotex by offering attractive bonuses and low fees.
- The Quotex strategies are based on one of two options: the Put or Call. You should carefully review the system to determine which suits you best.
Trading strategy for rebound lines
Line rebounding, in simple terms, is a simple graphic pattern that can be used to identify the times when financial assets’ prices cannot resist breaking the support. Experts say the stock price can reach the resistance level during a trade. The traders assume the price won’t fall once it gets the support line. This is when traders can trade for a price rise. This strategy requires that you carefully analyze the price trend and candlestick position.
This trading strategy is one of the most used Quotes Strategies by many Quotex users. To increase your profits, there are some rules. You need first to understand the amount of your investment. If you’re starting, USD 10 is the best amount.
Then, do a thorough market analysis and forecast price movements. The forecasted direction should be considered before you enter the trade. You might now be wondering what to do if you lose. Do not worry, use USD 5 to fund your next trading transaction.
You can keep watching the market and open trades based on your analysis. Once the business expires, the trade will be owned by you. You can now double your trading amount if you wish. Let’s start with USD 10. You can lower the USD 5 limit if you suffer a third loss. You can conduct a market analysis and open a trade. When it expires, you will see that you have made a profit.
Let’s say you have USD 10 to invest in your fifth transaction. You can double the capital if you win. You can reduce the amount by 50% and put USD 10 into the next trade. You can make a total profit of USD 96.6 if you keep doing this. This strategy, if used correctly, can earn you a significant profit.
Are Quotex safe?
Quotex are licensed by the Center for International Financial Market Relations Regulations (IFMRRC). Its regulations also include members of compensation funds that reimburse customers for license violations or failures to pay. According to information on the website, Awesome Limited is the company behind the website. It is registered in Seychelles. The website is regulated under the Center for International Financial Market Relations Regulations (IFMRRC).
The company isn’t listed in the Seychelles Monetary Authority’s (FSA) register. Second: IFMRRC is a self-issuing body and not a legal, fiscal oversight agency, so it doesn’t have the power to regulate the broker. Because the FSA regulations do not adequately protect customer funds, we don’t recommend dealing with a Seychelles broker.
This jurisdiction requires brokers to have a minimum of $50,000 capital. This can deter scammers who don’t want to invest too much in looking legitimate. The broker may use the capital originally paid to support day-to-day operations. Client money is not separate from the broker.
The differences between broker and client funds can be found in well-respected jurisdictions like the United States and the European Union. Other measures include regular transaction reporting, negative balance sheet protection, and internal and external audits. It is also more expensive to obtain initial capital. It is 20 million dollars in the USA, and 730,000 euros in the EU and UK. You can be sure your broker will be compensated if you do business with an EU broker.
UK brokers that FCA regulates can offer up to PS85,000 per individual to reimburse their customers in the event of bankruptcy. EU brokers must participate in local compensation funds for investors, which can pay up to 20,000 Euros per person.