Quotex Review in New Zealand
The binary options broker is everywhere, and hardly any country is untouched by it. With over 1.3 billion, New Zealand is a growing hotspot for businesses. As a progressive nation, more and more people are looking forward to expanding their assets and binary options, as Quotex is an excellent resource. But is Quotex legal in New Zealand or not? The only way to know about Quotex Review in New Zealand is to read this article till the end, so let’s get started.
Quotex Review in New Zealand – Quotex Trading platform?
Although the firm was founded in 2019, it did not become a regulated broker until November 2020. However, Quotex employs many developers and professionals with extensive trading knowledge despite its relative inexperience in the trading world.
Awesome Limited run Quotex. Quotex is a Seychelles-based corporation. The International Financial Market Relations Regulation Center (IFMRRC) is a member of this organization. It is located at Francis Rachel Str., Victoria, Mahe, Seychelles.
- Year Founded: 2014
- Minimum Deposit: $10
- Minimum Trade: $1
- Payouts: 92% Max
- Demo Account: Yes
Quotex Review in New Zealand – Is Quotex legal in New Zealand?
Yes, It is legal to trade Binary Options with Quotex in New Zealand. New Zealand Traders can take advantage of all the services and features of this genuine online trading platform . Below, you will find more information about the platform and the overall features of the broker. Check out more Binary Options Brokers offering their services in New Zealand.
Is it safe for New Zealand Traders to trade on Quotex?
As mentioned earlier, Maxbit LLC, a member of IFMRRC, operates Quotex. The IFMRRC (International Financial Market Relations Regulation Center) is not a governmental organization. It does not regulate financial markets. Instead, it is a third-party dispute resolution service. The firm is responsible for the Quotex license. In addition, it allows the company to provide customer service. Quotex has its registered office at : First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St. Vincent and Grenadines.
In the case of traders funding, the IFMRRC also acts as a second-tier defense. New Zealand Traders will get their money back if they lose Quotex approval and cannot work. On the Quotex website, you can learn more about Quotex Trading in New Zealand.
An SSL certificate protects both the trading website and the Quotex platform. Your personal and financial information is safe here. It also enhances the broker’s credibility because you know that Quotex is not after your personal information or money. Quotex just helps to improve your financial status.
How is Quotex Trading platform?
Most brokers for binary trading have mobile-based applications for the ‘convenience factor. However, Quotex believes otherwise. The trading platform has more faith in its web application. It likes to stick to it for the long run.
The most appropriate reason behind this is the unavailable premium trading experience through a smartphone application which is somewhat valid. In addition, a web application does not occupy additional storage. It gives an accurate full-screen view of on-screen charts and other tools.
The platform offers a variety of tradable assets. This enables traders to ‘pick’ the appropriate asset of their choice. Anyone can invest in any one of its 27 currency pairs. There are seven large and several small coin pairs. Bitcoin and Etherium are provided for cryptocurrency trading. Also, four products are available: Silver, Gold and US Crude. If you want to trade the index, you can choose from 14 different resources. NASDAQ100 and Dow Jones are among the listed indices.
The charts on the platform are simple to read and fully customizable. Traders can also alter the interface’s template to twilight, light, or dark mode to meet their needs.
Quotex Review in New Zealand – Trading Signal
The trading signals on this web-based platform are pretty accurate, and they will provide you with all the information you need before performing a transaction. In addition, high speed is also available on the platform, which allows you to trade precisely and quickly.
Web trading platforms are easy to navigate and have sophisticated trading capabilities with over five sketching tools. As a result, trade takes less time to set up and is relatively simple. To get started, you must first decide on an asset to trade. Next, adjust the time to your liking.
After you set the time, enter the amount you want to invest in the asset you choose. In the final stage, the market direction is predicted. Going up or down is your option. Now, all traders need to relax and wait for the stock to move, periodically calibrating your settings.
The Quotex Trading Platform now helps us de-risk our skills through demo accounts, whether you are just starting or want to take training before trading with your valuable money. The demo account is available to anyone and can be viewed using any internet browser on any device.
Traders will trade in a virtual environment that tracks live market events using a demo account. They will use your $ 10,000 virtual trading fund to transact. Traders can use the free demo account whenever you want, but keep in mind that this is a sample account. None of your profits will be converted into real money.
The web-based Quotex Trading Platform is available in various languages to make it more user-friendly. Vietnamese, Polish, Turkish, Russian, Italian, Tagalog, Spanish, German, Ukrainian, Chinese, Thai, Portuguese, Hindi, Malay, French, Indonesian, Arabic, Persian, and English are available.
Quotex Review in New Zealand – App for smartphones
Quotex currently has only one Android app available for download from the App Store. However, it does not rule out the possibility of trading on your iPhone or iPad. You can still browse web-based trading platforms from your smartphone or tablet browser. Once you set up or perform a trade, ensure you have a reliable internet connection.
To open a Quotex account in New Zealand, you must first open an account in the United States.
Opening a Quotex account is relatively easy. All you need is your e-mail address and login information. You will also be asked to select the currency of your choice. Available in VND, THB, RUB, KZT, UAH, INR, MYR, IDR, BRL, BTC, GBP, EUR, and USD.
You can link your Facebook or Google Accounts to create an account. This method is much more effective and more straightforward.
Quotex account comes in three flavors. The first type is a standard account. It is designed for beginners or New Zealand Traders who want to feel for the site while investing some hard-earned money. Standard account holders are required to make a deposit of $ 5 to $ 10.
Pro accounts are the second category of this trading Platform accounts. Again, this is excellent for professional New Zealand Traders who spend most of their time making transactions. For the Pro account, $1,000 is the low minimum deposit.
VIP Trading Accounts are the final account type. This is an excellent option for experienced New Zealand clients. Therefore, a $5,000 deposit is required to open a Trading Account.
Traders service at Quotex
Although Quotex does not provide a live chat feature or a phone number to call, you can contact their customer service representatives by submitting a support ticket. In the Help tab of Web-Based Platforms, you can do this.
Quotex also has several other email addresses to send your questions. Write an email to email to:email@example.com all-around assistance. Send a message to the email:firstname.lastname@example.org any financial inquiries.
How do you deposit in New Zealand?
Bank Transfers, Online Bank Transfers, e-wallets such as Perfect Money, and cryptocurrencies are all options for New Zealand customers. To deposit dollars into your account, tap the Deposit button in the upper right corner of the web trading platform.
While clicking on it, Quotex will take you to a screen where you can choose the payment option of your choice. Next, select the method of your choice and enter your desired deposit amount. Then, fill out the submission form and submit. Keep in mind that if you want to save a significant amount of money, Quotex may ask for more information.
The funds should be credited to your trading account within one to five business days. Quotex does not charge a deposit fee, as stated earlier.
Traders can use cryptocurrency, credit cards, electronic wallets and bank transfers. Minimum deposit and withdrawal amounts are $ 10.
Three factors determine the amount charged by Quotex:
- The asset being traded.
- Market or changes in economic conditions.
- The time the trade took place.
The Quotex broker website or web trading platform will offer a complete description of the fees involved.
Quotex trading platform does not impose any commission charges on its traders, even though there may be trading charges. The Quotex broker platform, however, prohibits the use of leverage.
New Zealand New Zealand Traders can take advantage of exclusive offers.
The Quotex trading platform deposit bonus is an essential factor in the company’s success. There are levels of bonus amounts. This means that the more money you keep, the more bonus money you will get. For example, a bonus of up to 45% is available. In addition, if your initial investment is $100 or more, you will receive an additional 87% bonus to help you get started in the trading market.
Withdraw funds from Quotex account?
Traders withdrawal method will be the same as the payment method you used to deposit. First, tap the Withdrawal button adjacent to the +Deposit button, just as you would when depositing funds. Then, enter the asset amount you want to withdraw.
If traders want to withdraw a substantial sum of money, you may request further documentation. Remember that withdrawals can take up to 3 business days.
Quotex Review in New Zealand – Advantages and drawbacks
Perks of using Quotex are as follows:
- One aspect that attracts the attention of potential clients is the bonus. As a result, one of the most significant benefits of using Quotex is the extra money you earn when you deposit money into your account. In addition, the deposit incentive helps you expand your capital, which increases your likelihood of reaching a more significant profit.
- When it comes to most brokers, Quotex web-based platform can be regarded as an advantage. When managing space on your smartphone, the lack of software is a huge help. Also, any browser on a mobile device or device can access the platform.
- The web-based trading platform is also highly user-friendly. Quotex trading platform offers a straightforward and easy-to-understand UI compared to other broker’s platforms. As a result, it’s ideal for new traders or those unfamiliar with charts or trading platforms. The procedure for opening a trade is likewise quick and straightforward.
- New Zealand-based traders, Quotex accepts a variety of payment methods. For example, you can use a wire transfer, an e-wallet, or any cryptocurrency to finance your account. In addition, the traders now have various options for topping up their accounts.
- Quotex does not want any fee for withdrawals or deposits nor impose a commission fee on its customers.
- Quotex free sample account is its best feature. Many New Zealand traders look for this functionality in their brokers. However, the absence of a demo account is a deal-breaker for some. Quotex Trading Platform allows anyone to use or sign up for a demo account. In addition, the virtual meaning that accompanies the profile is sufficient to practice as much as desired before opening the actual transaction.
Quotex customer service
Although Quotex Trading Platform does not have a live chat system or telephone line that you can call, you can contact their customer support representatives by opening a support ticket. You can do this in the Help tab on Web-Based Platforms.
Quotex has separate emails that you can contact depending on your concerns. For all-out help, send an email to email@example.com. For financial questions, send an email to firstname.lastname@example.org.
Drawbacks of using Quotex are as follows:
Despite its numerous advantages, Quotex is not without its flaws. One of the shortcomings is the inability to trade with leverage. This makes it somewhat complicated, but not impossible, to generate significant profits from your trade.
In addition, some New Zealand traders may be wary of the legitimacy of these brokers. A governing body does not operate Quotex because it is too new. This, however, does not indicate that it is a mistake. IFMRRC continues to license the company.
Now, you can find a variety of free eBooks, online courses, and webinars on the websites of various brokers. Unfortunately, Quotex does not provide customers with any instructional assets. It just provides a demo account instead.
Finding a trusted and legal broker in our country, as we all know, it can be challenging. After all, these trading businesses rarely have a list of countries where they can operate. Therefore, it is up to the Quotex trader to conduct research and read the reviews of different clients to acquire the necessary knowledge.
This Quotex Review aims to give readers a clearer picture of whether Quotex is legal in New Zealand and, nevertheless, whether it is right to believe and fund it. We’ve tried to summarize everything to give you a clear idea of what the platform is and what it can do.
If you find this helpful review, be sure to bookmark it and share it with your friends and fellows who are ambitious like you and want to make a passive income to meet their goals.