Making $5,800+ per day with a "simple strategy" on Quotex or any binary options platform, especially through "Telegram signals," is highly unrealistic and often promoted by individuals or groups who may not have your best financial interests at heart.

Here's why you should be extremely cautious about claims like these, and what you need to understand about Quotex and binary options trading:

The Reality of Binary Options and High Daily Profits
Binary Options are High Risk: Binary options are a form of financial betting where you predict whether the price of an asset (like a currency pair, stock, or commodity) will go up or down within a very short timeframe (often seconds to minutes).

All or Nothing: You either win a fixed percentage (e.g., 70-95% of your invested amount) or lose 100% of your invested amount.

Not Regulated Everywhere: Quotex, like many binary options brokers, is often not regulated by major financial authorities. This means there's less oversight and consumer protection compared to traditional regulated financial markets. Some reviews specifically highlight this lack of government regulation as a concern.

Resembles Gambling: Due to the all-or-nothing nature and short timeframes, many financial experts consider binary options to be closer to gambling than traditional investing.

$5,800+ Per Day is Extremely Unrealistic:

To make $5,800 profit in a day with a typical 80-90% payout, you'd need to consistently win trades with a total investment amount far exceeding that. For example, to profit $5,800 at an 80% payout, you'd need to win trades totaling over $7,250 in profit (5800 / 0.. This implies risking a much larger capital base and an almost impossible win rate over a sustained period.

Compounding Risk: While some strategies involve compounding (reinvesting profits), the exponential growth also means exponential risk. A few losing trades can wipe out significant capital very quickly.

Market Volatility: Even professional traders in regulated markets with sophisticated tools struggle to achieve consistent, high daily profits. Market conditions are constantly changing, and what works one day may not work the next.

Telegram Signals: A Major Red Flag:

Lack of Transparency: Signal groups often hide losing trades, show cherry-picked winners, or use demo account screenshots to falsely represent success. Many users report that "most of the history in a TG channel is a lie."

Scam Risks: Many Telegram signal groups are scams. They might:

Charge high fees for "VIP" access to signals that are inaccurate or lead to losses.

Promote "account management" where they ask for your login details and then steal your funds. This is a very common and devastating scam.

Encourage over-leveraging or using "martingale" strategies (doubling down after losses), which can quickly deplete your entire trading balance, especially if you have a small account.

No "Simple Strategy": There is no universally "simple strategy" that guarantees such high returns in any legitimate financial market. Trading requires deep understanding, extensive analysis, risk management, and discipline.

How These Schemes Operate (and why they target platforms like Quotex)
These types of "make thousands per day" claims, particularly linked with Telegram signals, often follow a similar pattern:

Promoting "Easy Money": They lure new, inexperienced traders with promises of quick riches and minimal effort.

Affiliate Marketing: Many signal providers are affiliates of brokers like Quotex. They earn a commission from your deposits and trading activity (especially if you lose money). They have a financial incentive for you to deposit and trade, regardless of your profitability.

Demo Account Hype: They might show impressive results on a demo account, which is easy to manipulate and doesn't involve real money or emotional pressure.

"VIP Group" Upsell: They offer a few "free" signals (which might be genuine or simply lucky) to entice you into paying for a "VIP" group where the signals are often poor.

Lack of Regulation and Recourse: Because Quotex might not be fully regulated in your jurisdiction, if you lose money due to a scam or misleading signals, you have very little recourse to recover your funds.

What Quotex Does Offer (and its general reputation)
Quotex is a platform for binary options trading. It's often praised for its user-friendly interface, low minimum deposit ($10), and demo account.

It offers up to 95% payout on successful trades.

However, the key concern remains its lack of government regulation by major financial authorities, which makes it a high-risk environment.

While some users give it positive reviews for its platform functionality, many financial sources caution against unregulated brokers and highlight the inherent risks of binary options.

Conclusion and Recommendation
Do not trust claims that promise $5,800+ per day with a "simple strategy" on Quotex or any platform, especially through Telegram signals. These are almost certainly designed to exploit inexperienced traders.

Your capital is at significant risk. You could lose all the money you deposit.

Focus on education and realistic expectations. If you're interested in trading, start with legitimate, regulated brokers, educate yourself thoroughly on fundamental and technical analysis, practice extensively on a demo account, and understand that consistent, significant profits take time, skill, and disciplined risk management.

Avoid all "guaranteed profit" signals and "account management" offers. If it sounds too good to be true, it almost certainly is.