Is it Possible to Have Multiple Dummy Accounts in Quotex?

Quotex provides a demo account (commonly referred to as a “dummy account”) to help users familiarize themselves with the platform and test trading strategies without risking real funds. However, the possibility of creating multiple demo accounts is subject to specific policies of the platform. Below are key details on this topic:

1. Single Demo Account Per User

• Quotex Policy: Typically, users are encouraged to use a single demo account linked to their registered email. This ensures that trading data remains consolidated and easy to track.
• Why It Matters: Having one demo account per user helps maintain platform integrity and prevents misuse of resources.

2. Multiple Demo Accounts for Testing

• While creating additional demo accounts might be technically possible using different email addresses, it is generally discouraged by the platform’s policies. Quotex reserves the right to monitor user activity and detect any attempts to exploit the demo environment.

3. Risks of Violating Terms

• Platform Actions: If multiple accounts are detected and deemed inappropriate, the platform may suspend or block those accounts.
• User Agreement: Quotex’s user agreement often includes clauses to prevent abuse of demo accounts, ensuring fair access for all traders.

4. Alternative Solution

Instead of creating multiple dummy accounts, you can reset the balance of your existing demo account on Quotex. This allows you to start fresh for testing new strategies without needing additional accounts.

While technically feasible, creating multiple dummy accounts on Quotex is not recommended due to potential violations of platform rules. It’s better to utilize the demo account reset feature or contact support for any specific testing needs.

Trading binary options involves a high level of risk and may not be suitable for all investors. The possibility of significant losses exists and you may lose all or part of your initial investment capital. You should carefully consider your investment objectives, level of experience, and risk appetite before deciding to trade binary options.

The information provided on this website is for educational and informational purposes only and does not constitute investment advice. We are not responsible for any losses that may result from the use of this information. Always do your own research and consult a qualified financial advisor before making transactions.