How to Deposit and Trade on Quotex in the Philippines

Step 1: Create a Quotex Account in the Philippines

Opening an account is straightforward.

Registration Process

Visit the official Quotex website

1. Click Sign Up
2. Enter your email address and password
3. Choose your account currency (USD is common for PH traders)
4. Confirm your registration via email

You can also register using Google or Facebook login.

After registration, you automatically receive access to a demo account with virtual funds. This allows you to practice before making a real deposit.

Why Use the Demo Account First?

New traders often skip demo practice and go straight to live trading. This is risky. The demo account helps you:

• Understand the trading interface

• Practice placing trades

• Test basic strategies

• Learn timing and price movement behavior

Step 2: Understand Quotex Minimum Deposit in PH

One reason many Filipino beginners are drawn to the platform is its low entry barrier.

Quotex Minimum Deposit PH

• Minimum Deposit: Typically $10

• Minimum Trade Amount: Usually $1

This makes it accessible to small-scale traders who want to start cautiously.

However, just because you can start with $10 does not mean you should risk your entire balance immediately. Proper risk management is essential.

Step 3: Quotex Deposit Methods Philippines

Before trading live, you must fund your account. The availability of payment methods may vary over time, but Filipino users typically look for convenient local options.

Common Deposit Methods

• Credit/Debit Cards (Visa/Mastercard)

• E-wallets

• Cryptocurrency (Bitcoin, USDT, etc.)

• Online payment processors

GCash Quotex Deposit – Is It Available?

Many Filipino traders search for GCash Quotex deposit options. Direct GCash integration is not always guaranteed, and availability may change depending on payment processors.

In some cases:

• GCash may work through third-party gateways

• Users may convert funds via crypto

• Some local payment processors may appear during checkout

Always double-check inside your account dashboard to see available payment methods.

Step 4: How to Deposit on Quotex (Step-by-Step)

Here’s the general process:

1. Log into your account
2. Click Deposit
3. Select your preferred payment method
4. Enter the deposit amount
5. Confirm payment

Funds are often credited quickly, though processing times may vary by method.

Important Deposit Tips

• Start small (especially as a beginner)

• Confirm payment fees before proceeding

• Take screenshots of transactions

• Avoid depositing money you cannot afford to lose

Binary options trading carries significant financial risk.

Step 5: Account Verification (If Required)

Some users may be required to verify their identity before withdrawals.

This usually involves:

• Uploading a valid government ID

• Proof of address (utility bill or bank statement)

• Verification of payment method

Completing verification early can prevent withdrawal delays later.

Step 6: How to Start Quotex Trading

Now let’s discuss the most important part — placing your first trade.

Understanding Binary Options on Quotex

Binary options trading is simple in structure:

• You predict whether the price of an asset will go up or down

• You choose an expiry time

• You select your investment amount

• You place the trade

If your prediction is correct at expiry, you earn a fixed payout. If wrong, you lose the invested amount.

Step 7: Choosing an Asset

Available assets typically include:

• Forex pairs (EUR/USD, GBP/USD, etc.)

• Cryptocurrencies

• Commodities

• Indices

Beginners often start with major forex pairs because they have higher liquidity and clearer price movements.

Step 8: Selecting Expiry Time

Expiry times can range from seconds to several minutes or longer.

Short expiry trades are higher risk because:

• Price moves quickly

• Market noise increases

• Emotional trading becomes more likely

Beginners should avoid ultra-short 30-second trades and instead choose longer time frames while learning.

Step 9: Setting Trade Amount

Never risk your full balance on a single trade.

Basic risk management guideline:

• Risk only 1–5% of your total balance per trade

For example:
If you deposit $50, avoid placing $20 trades. Instead, start with $1–$3 trades.

Step 10: Using Indicators and Tools

Quotex provides charting tools such as:

• Moving averages

• RSI

• MACD

• Bollinger Bands

While these tools can assist decision-making, no indicator guarantees profit.

Avoid:

• Copying random online “100% win” strategies

• Believing guaranteed signal groups

• Emotional revenge trading

Binary options are speculative by nature.

Step 11: Withdrawals for Filipino Traders

Before depositing large amounts, understand withdrawal policies.

Typical withdrawal steps:

1. Click Withdraw
2. Enter amount
3. Choose withdrawal method
4. Confirm request

Processing times may vary. Some users report fast withdrawals, while others experience delays depending on verification status and payment provider.

Always verify your account before requesting large withdrawals.

Risk Warning for Filipino Traders

Binary options trading is high risk and may not be suitable for everyone.

Important considerations:

• Losses can happen quickly

• There is no guaranteed income

• The platform is not regulated by Philippine authorities

• Market volatility can wipe out accounts

Common Beginner Mistakes to Avoid

Many new traders in the Philippines lose money due to avoidable errors.

1. Depositing Too Much Too Fast

Start small while learning.

2. Trading Without a Plan

Random trades usually lead to losses.

3. Ignoring Risk Management

Overleveraging quickly drains accounts.

4. Falling for Signal Groups

Many social media “gurus” promise unrealistic returns.

5. Emotional Trading

Fear and greed destroy discipline.

Is Trading on Quotex Worth It for Filipinos?

The answer depends on:

• Your risk tolerance

• Your understanding of speculative trading

• Your financial discipline

Quotex offers low minimum deposits and a simple interface, which makes it attractive to beginners. However, simplicity does not eliminate risk.

Binary options trading should never be treated as guaranteed income.

Final Thoughts: How to Trade Quotex Philippines

Before making your first deposit:

• Practice in demo mode

• Start with the minimum deposit

• Learn basic risk management

• Avoid emotional trading

Most importantly, understand the platform fully before funding your account.

If you have not yet reviewed the platform’s full pros, cons, and legal considerations, read our detailed Quotex Review Philippines 2026 guide first.

Trading without research is gambling. Trading with knowledge is still risky — but smarter.