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Quotex Philippines: Legal Status, Platform and Deposits
from QUOTEX
If you are wondering, “Is Quotex legal in the Philippines?”, the answer is yes — Filipino traders can legally use Quotex. Operated by Awesomo Ltd. and licensed by the International Financial Market Relations Regulation Center (IFMRRC), Quotex is a safe and accessible online trading platform for users in the Philippines.
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In this article, we will cover its legal status, platform features, account types, minimum deposit, payment methods, registration process, and why you should consider trading with Quotex in the Philippines.
Legal Status of Quotex in the Philippines
One of the most common questions Filipino traders ask is whether Quotex is legal in the Philippines. Quotex is operated by Awesomo Ltd., registered in the Seychelles, and it holds an official license from the International Financial Market Relations Regulation Center (IFMRRC). While it is not regulated by the Philippine government, it is legally available for Filipino users.
The platform operates under strict international guidelines, ensuring security, transparency, and fair trading conditions. This means that while the platform is technically offshore, Filipino traders can legally open accounts, deposit funds, and trade without violating local laws.
Quotex Platform: Features and Accessibility
Quotex provides an intuitive, web-based trading platform that is fully accessible in the Philippines. Users can trade directly from their browser without downloading any software. Additionally, a mobile app is available for Android and iOS, making it convenient for traders who prefer trading on the go.
The platform offers real-time charts, various technical indicators, and multiple asset classes, including currencies, cryptocurrencies, commodities, and indices. Quotex also provides demo accounts, which allow users to practice trading with virtual funds before committing real money. This feature is ideal for beginners looking to understand market dynamics without financial risk.
Account Types on Quotex
Quotex offers two main account types: the demo account and the real trading account.
Demo Account: The demo account is free and comes preloaded with virtual funds. It is perfect for beginners who want to familiarize themselves with the platform’s features and test different trading strategies.
Real Account: To start live trading, Filipino users can create a real account with a minimum deposit of just $10. The real account allows access to full platform functionalities, including various trading tools and higher profit potential.
Some users may notice that Quotex occasionally offers VIP account features, which require higher deposits. These accounts provide extra bonuses, enhanced withdrawal limits, and exclusive support services.
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Minimum Deposit and Payment Methods
One of the most attractive aspects of Quotex in the Philippines is the low minimum deposit requirement. Users can start trading with as little as $10, making it accessible for beginners or those who want to test the platform without committing large sums.
Quotex supports a variety of payment methods, which makes funding an account easy for Filipino traders:
Bank cards: Visa, Mastercard
E-wallets: Perfect Money, Advcash
Cryptocurrencies: Bitcoin, Ethereum, and other popular options
Deposits are usually processed instantly, allowing you to start trading immediately. Withdrawals are also straightforward, with most methods offering quick processing times.
How to Register on Quotex in the Philippines
Creating an account on Quotex is quick and straightforward. Here’s a step-by-step guide:
Visit the official Quotex website 👈.
Click on “Register” at the top right corner.
Enter your email address, create a strong password, and select your preferred currency.
Verify your email by clicking the link sent to your inbox.
Fund your account using any of the supported payment methods.
Once your deposit is complete, you can start trading immediately. Quotex also allows you to link your account to a mobile number for added security and notifications.
Why Choose Quotex in the Philippines?
Filipino traders have several reasons to choose Quotex over other online trading platforms.
Low Minimum Deposit: Starting at only $10, Quotex is highly accessible to new traders.
User-Friendly Platform: The web and mobile platforms are intuitive and packed with tools for both beginners and advanced traders.
High Payouts: Traders can earn payouts of up to 95% on successful trades, which is competitive in the market.
Variety of Assets: From Forex to cryptocurrencies, Quotex offers diverse options to suit different trading strategies.
Demo Account Availability: Practicing trading without financial risk is a significant advantage for beginners.
Multiple Payment Options: The platform supports local and international payment methods, including cryptocurrencies, making it convenient for Philippine users.
Reliable Support: Quotex provides customer service through chat and email, helping users resolve issues quickly.
Risks and Considerations
It is essential to acknowledge that trading on Quotex, like all financial platforms, carries risks. Trades can result in losses, and profits are never guaranteed. Quotex encourages responsible trading and provides tools such as risk management options to help mitigate potential losses.
Filipino traders should also be aware that while the platform is legally available, it is not regulated by the Philippine government. Therefore, it is advisable to trade cautiously, keep deposits manageable, and start with the demo account if you are new to trading.
Conclusion
Quotex is a legitimate, accessible trading platform for Filipino traders, offering a user-friendly interface, multiple account types, and low minimum deposits. Its legal status under IFMRRC makes it a safe choice, even though it operates offshore. With multiple payment methods, high payouts, and a variety of assets, Quotex presents an attractive option for both beginners and experienced traders in the Philippines.
Whether you are testing trading strategies with a demo account or committing small funds to a real account, Quotex provides the tools, security, and flexibility needed to explore online trading effectively. By starting small, practicing with the demo account, and utilizing the platform’s extensive features, Filipino users can make the most out of their trading experience with Quotex.
💥 Trade with QUOTEX now: Open An Account or Visit Brokers 👈
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