Quotex is an online trading platform that is popular among retail traders for carrying out transactions in digital options (binary/option-like contracts) as well as several other derivative instruments. Even though it seems simple and attractive because of the potential for quick profits, it is important to understand how it works, the costs, and especially the inherent risks before deciding to use this service.
- How it Works (short)
1. Select an Asset — example: EUR/USD, Apple shares, or S&P500 index.
2. Select Duration/Expiry — time the contract ends (seconds/minutes/hours/days).
3. Determine the Investment Amount — the capital you want to risk on one trade.
4. Direction Prediction — press “Call/Up” if the prediction is up, or “Put/Down” if the prediction is down.
5. Payout — if the prediction is correct at expiry time, the trader gets a fixed percentage payout; if wrong, the placed 6. capital is lost (or part of it, depending on the type of contract).
