Quotex Demo Account: Test-Driving Your Trading Strategy

Does Quotex Offer a Demo Account?

Quotex is one of the most popular options trading brokers in the world. In addition to the live trading account, the platform offers a demo account where you can practice trading with virtual money and simulated market conditions.

The demo account is free and available for all users in all countries. Therefore, if your country doesn’t allow you to trade with real money on unregulated platforms like Quotex, you can still use the demo account to improve your strategy and trade on the platforms available in your region.

Quotex gives you 10,000 virtual USD when you open a demo account. This lets you make large virtual trades without the risk of losing real money. The simulated market environment also allows you to refine your strategy while building market confidence.

What Does Quotex’s Demo Account Include?

Quotex’s demo account allows you to test most features available in a real account. It helps you become familiar with trading on the platform.

Below are some of the main features of Quotex’s demo account:

Risk-Free Exploration

One of the most important uses of any demo account is allowing users to test the trading platform’s features without risking real money.

Quotex’s demo account allows you to trade in a simulated trading platform that’s identical to what you’ll see in a real trading account. You’ll access the same charts and interfaces you’d get in a live trading account.

This feature is essential for new traders who’ve never used a trading platform like Quotex. You can learn how everything works: Which currencies or options to trade, how the interface works, etc.

Think of it like a flight simulation. You get the same controls and environment as a real plane, but if you crash, there’ll be no real-life consequences.

Virtual Funds

This is the lifeblood of a Quotex demo account. Once you log into your demo account, Quotex gives you a virtual bankroll of about $10,000 to trade with. This allows you to trade generously in various assets and see what you’d make if you were using real money.

If you run out of virtual balance but still need to test more trades, you can log out and log in again to receive another virtual $10,000.

Multiple Tradable Assets

Quotex’s demo account provides access to the same wide range of assets as the live account. This includes indices like stocks like Microsoft, forex pairs like GBP/USD, and cryptocurrencies like ETH and BTC.

You can trade all these assets at their current market price and get the same results as you would on a real trading account. This allows you to experiment with various asset classes and find the ones that align with your risk tolerance and trading goals.

Real-Time Market Data

As you trade with your demo account, Quotex updates the data to match real-time market changes. Therefore, while you’re using the demo account, you can still track market changes and use them to improve your trading strategy.

Trading with real-time market data also boosts your confidence, especially if you’re a novice. Once you make several successful trades with virtual money, it’ll be easier to stake real money.

How to Sign Up for a Quotex Demo Account?

Now that you know what a Quotex demo account offers, it’s time to learn how to create one. It’s easy; follow the steps below:

1. Open Quotex: On your browser, log on to Quotex’s official website.
2. Find the demo account button: Next to the registration button, you’ll see the “open demo account” button. Click it.

3. Start trading: Quotex will take you straight into the demo account loaded with a virtual $10,000 to trade with.

Do You Need to Sign Up to Start Trading with the Demo Account?

Quotex makes it easy for anyone to open a demo account and start experimenting with the platform’s features. As a result, you can skip signing up with a real account to start trading with the demo account.

If you click on the “Open demo account” button, Quotex will redirect you to the demo trading UI. Therefore, you don’t need to provide details or pass KYC to use the demo account.

How to Use the Quotex Demo Account

If you’ve never used a demo trading account, you might not know where to begin or what to do when you open a Quotex demo account, but don’t worry. We can guide you through the process.

While you can trade assets on the demo account, I’ll focus on how you can use it to trade options.

Immediately after logging in, you’ll be met by an interface with a large live chart and various options. This is the binary options trading interface:

The red and green bars you see on the chart are called candlestick bars, and they represent the rise and fall of the currency you’re trading. For example, the red bar here represents the EUR losing against the GBP, while the green bar represents a gain.

You can zoom in and out of the graph to get a clearer picture of how the trading pair has been shifting throughout the trading period. This will help you analyze market movements and make predicting how the prices will behave next easier.

Next, you need to choose the assets for which you’re trading options. In the example above, each candlestick represents the price of EUR/GBP every 5 seconds. You can change to other forex trading pairs, crypto, stocks, or commodities by clicking on the assets tab.

Once you find your ideal asset, head to the right side of your screen and set the trade duration. On Quotex, you can set a trade that runs between 1 minute and 4 hours. You also need to enter your investment amount.

The minimum trading amount on Quotex is $1, while the maximum is $1000. If you use the demo account, you can trade as much as you want because it’s not real money. You can easily refresh your account when you run out of virtual money. You’ll see your potential payout below the “up” button.

Finally, select whether the value of the asset will have increased or decreased at the end of the duration you’ve set. For instance, I’ve chosen “up” to mean that the value of GBP/JPY will have risen at the end of 3 minutes.

You can monitor how your trade is doing in the trades tab. Green means the trade is going in the direction you predicted, while red means it’s going in the opposite direction.

You will receive the payout if your price prediction is correct or lose your investment if it is wrong. In some instances, you might also get your investment amount if the price is the same as when the trade started.

Final Words

If you’ve wanted to trade online but have no idea where to start, opening a Quotex demo account is an excellent starting point. It helps you understand trading different assets and gives you confidence in the market because all trades use live market prices.

Additionally, a Quotex demo account is an excellent place for experienced traders to perfect their strategies without risking real money. It’s free, and you don’t need to sign up to use it. You have nothing to lose! Register for a Quotex demo account today.