Apart from understanding the meaning of the Quotex trading platform, it is also a good idea to know how it works. The way Quotex works starts from creating an account on the Quotex platform.

Once the account is created, you need to deposit it into the trading account. Quotex offers a variety of deposit methods, including credit cards, e-wallets and cryptocurrencies. Minimum deposit is $10. Once you have funds in your trading account, you can start selecting the assets you want to trade. Quotex offers more than 400 assets for trading.

You need to choose an expiration time for your binary options. Expiration time can range from 1 minute to 4 hours. After placing a bet, you need to wait until the expiration time of the binary option is reached.

If the guess is correct the user can win 80% of the capital profits deposited. Meanwhile, if the user guesses wrong, they will automatically lose 100% of the invested capital.