Quotex is an online trading platform launched in 2020, operated by a company called Awesomo Ltd. It primarily focuses on binary options trading, which involves predicting whether the price of an asset will rise or fall within a specified time frame. Quotex has quickly gained popularity, especially among beginner traders, due to its simple and intuitive user interface, low minimum deposit, and fast-paced trading environment. However, it's important to note that the platform is registered with the IFMRRC, which is not considered a top-tier financial regulator. This lack of strong regulatory oversight means that users should be cautious and avoid investing large amounts of money. Quotex supports a variety of trading instruments across different markets, including Forex pairs, cryptocurrencies, commodities, and indices. While the platform offers over 100 assets, it's important to understand that all trades are conducted via binary options, meaning users are betting on price direction rather than buying or owning assets. This type of trading can be highly rewarding, with returns of up to 98% on successful trades, but it's also extremely risky and banned in some countries due to its speculative nature. The platform also includes a copy trading feature, allowing users to replicate the strategies of top-performing traders. This is a helpful tool for beginners who are still learning how to trade. Customer support is available 24/7 via live chat and email, and the response times are generally quick and helpful. However, Quotex lacks comprehensive educational resources and does not offer phone support, which might be a drawback for those looking for in-depth learning or direct communication.