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/10
The WikiFX Score of this broker is reduced because of too many complaints!

Quotex

Saint Vincent and the Grenadines | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

https://quotex.io/en/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Finland 2.84
Surpassed 15.00% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

support@quotex.io
https://quotex.io/en/
First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St. Vincent and Grenadines.
https://www.facebook.com/quotexio/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

Warning: Low score, please stay away!
2025-09-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
3

Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
5-10 years
Company Name
Maxbit LLC
Customer Service Email Address
support@quotex.io
Company Website
Company address
First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St. Vincent and Grenadines.

FX3827052561

Unverified

India

Quotex (Awesomo Ltd) **Account ID:** [51716478] **Country:** India ### 🚨 Fraud Timeline: 1. **Loss Phase:** - Deposited **$35,000+** over [Duration] - Suffered **$18,000 losses** - NO restrictions 2. **Profit Suspension:** - Deposited **$20,000** on [27-06-2025] transaction hash (0x5c4602e3a6d79bbe87ece13a1f0ab435eb5e38179ca2b769ab9b246c9e90d763) - Grew balance to **$43,000** via legitimate trades - Account SUSPENDED during withdrawal - **NO reason given** 3. **False Promises:** > *"Refund in 30 days if applicable"* - Delaying tactic! ### ⚠️ Proof Attached: - Deposit receipts - Suspension screenshot - Their "30-day refund" email ### 🔥 Demands: 1. IMMEDIATE release of **$43,000** 2. Public apology for fraudulent practices 3. SVG FSA to revoke their license ### 💀 Warning to Traders: > "Quotex ALLOWS losses but BLOCKS profitable accounts. They stole 43k dollars from me. NEVER TRUST THIS SCAM BROKER

Exposure

07-10

Hung Ton

Unverified

Vietnam

My funds have been debited from my wallet account, but not credited to my Quotex trading balance account Deposit #51630131 / 2024-03-27 07:13:36 / 100.00$ Successfully transferred at 14:14 on 27/3/2024 On 27 March I deposited 100$ to my account on Quotex website. The recipient was Ho Van Minh from Quotex system. But until now my account amount is 0$. Where is my money in Quotex system? Quotex must be fully responsible for it. Quotex said they will contact me once there is an update from the financial provider, tell me do not interfere!? But until today 20 April they did not contact me. This is the third time Quotex cheated me. Last year I deposited 2 times 50$ each to my Quotex account but the same situation, my account was 0$.

Exposure

2024-04-20

Lewis Manhattan

Unverified

Argentina

I have been trying to recover my funds for 1 month that I had deposited through Rapipago, there were 150 usd in it... as soon as I deposited, I wanted to enter my account and when I wanted to log in I got a sign that my account was suspended and they didn't give any reason. I was investigating and I saw that they said that they did not reopen suspended accounts, but they left a form for you to appeal and they saw if you had the possibility of getting your funds back. I filled out the form. I never got a response. I am very frustrated to lose 150 usd like that.

Exposure

2023-06-13

Rajaammal

Unverified

India

Quotex is the best platform. Nice chart with lot of currency pairs to trade. wide range of indicators and signals. Never faced any issues with my Crypto withdrawal and deposits.

Positive

08-10

FX2251606045

Unverified

India

Quotex is best platform for trading. He changed my life. Withdrawl is very fast. And customer support is very good. His interface is very smooth. Quotex is the best platform.

Positive

08-06

Antonio Maeda

Unverified

Guatemala

I GIVE MY COMMENT ABOUT THE BROKER QUOTEX, IT HAS BEEN VERY HELPFUL FOR ME DURING THE REGISTRATION PROCESS WHICH WAS VERY EASY AND FAST WHEN VERIFYING THE ACCOUNT. AND WITH DEPOSITS. IT HAS MANY DEPOSIT OPTIONS SINCE IT HAS THE METHOD TO DO IT WITH CRYPTOCURRENCIES, AND ALSO THE OPTION TO DO IT WITH MASTERCARD, AND VISA. AND WITH WITHDRAWALS OF THE PROFITS THAT ARE MADE, THEY ARE TRULY FAST AND ESPECIALLY WHEN THINGS ARE DONE RIGHT. THEY ARRIVE FAST AND SECURE, AND THE BEST OF ALL IS THAT NO MATTER THE AMOUNT, THEY ARRIVE FAST, SECURE, AND WITHOUT ANY WITHDRAWAL COMMISSION. SINCE THERE ARE OTHERS THAT CHARGE UP TO 5% COMMISSION. THE GOOD THING IS THAT THE BROKER ALSO HAS NO DELAY WHEN MAKING A NEW OPERATION. AND THE TRUTH IS THAT I LIKE THAT IT CAN BE CONFIGURED TO ONE'S OWN STYLE. SINCE IT HAS MANY ASSETS AVAILABLE TO TRADE, NOT ONLY CURRENCIES BUT ALSO CRYPTO AND DIFFERENT RECOGNIZED STOCKS LIKE BIG COMPANIES AND COMMODITIES.

Positive

08-04

Mariajose

Unverified

Venezuela

Good trading platform for binary options, I have seen positive results, easy deposit and withdrawal! Recommended!

Positive

2024-12-08

FX1246372342

Unverified

Lebanon

The most beautiful binary options trading platform ever. It has helped me a lot in increasing my funds. Thank you, QYOTEX.

Positive

2024-10-15

Carmen Rodriguez

Unverified

Dominica

Quotex is an excellent platform to do binary operations because of the great currency section that it has, it is highly recommended.

Positive

2023-07-02

khaled2052

Unverified

Egypt

I want to submit all available reports to the quotex platform, because two five-second deals were executed through the platform with all the capital without my knowledge, and at the time of closing the platform, and when I opened the platform on my device, I saw that my account balance was zeroed from the platform, and I want to recover my capital of 136 dollars, and this indicates the fraud of the platform On my own capital, I will attach some files that indicate the fraud of the platform

Exposure

2023-02-23

云淡风轻85533

Unverified

Hong Kong

I have good experience trading with them. The minimum deposit is just 10 dollars and demo accounts are also available. Deposit and withdrawal are no problem at all. Not sure why so many reviewers here complain about it.

Positive

2023-02-21

Thanh Huyền

Unverified

Nigeria

Don’t even get close to unregulated brokers, as an experience trader, this is my advice. They are just thieves. Some of my friends were scammed for not listening to me. Can you believe it?

Neutral

2023-02-14

FX1196563903

Unverified

United States

I found Quotex on the website advertisement a few weeks ago, so I opened a demo account to trade, and the situation is good. But I am a little worried because their regulatory situation seems negative, and I have not dared to trade with real money...

Neutral

2023-01-31

FX4215964358

Unverified

Hong Kong

A girl added my WeChat and then I was invited to a group chat where teachers analyzed the market and gave recommendations. I followed their advice some times and profited a little. Later, the teacher said the stock market was in a bearish mood and asked us to invest in Quotex where we could profit stably. And he promised that we could earn over 50% per month if we followed his instructions strictly. So many people said yes in the group chat and opened accounts. So I transferred all my funds to this broker, 920,000 in total. But I lost money here. The teacher just gave adverse recommendations. I hope this exposure can help u guys!

Exposure

2021-03-12

14
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Website

quotex.io
34.120.225.36
Server Location
United States
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
--
Website
--
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Company Summary

QuotexReview Summary
Founded2020-01-06
Registered Country/RegionSaint Vincent and the Grenadines
RegulationUnregulated
Market InstrumentsCurrency Quotes, Stocks, Cryptocurrencies, Metals, Majors, Oil or Gas
Demo Account
Leverage/
Spread/
Trading PlatformQuotex(Computer, Mobile)
Min Deposit$10
Customer Support(24/7)Telegram, Facebook, Instagram

Quotex Information

Quotex is a trading platform that provides various instruments, including Currency Quotes, Stocks, Cryptocurrencies, Metals, Majors, Oil & Gas. Quotex also offers a demo account and 24-hour customer support. The minimum deposit is $10. Traders also get a 30% bonus on their first deposit However, Quotex is still risky due to its unregulated status, unspecific necessary information, and some bad reviews about difficulty withdrawing money.

Quotex Information

Pros and Cons

Pros Cons
Demo account availableUnregulated
24/7 customer supportRestrictions on US traders
30% bonus on first depositNo live account and fee information
Some negative reviews

Is Quotex Legit?

Quotex is not regulated, making it less safe than a regulated one.

Is Quotex Legit?
Is Quotex Legit?

What Can I Trade on Quotex?

Quotex provides over 400 free tools and traders can choose various assets: currency quotes, stocks, majors, metals, oil or gas, as well as cryptocurrencies.

Tradable Instruments Supported
Currency Quotes
Stocks
Cryptocurrencies
Metals
Majors
Oil or Gas

Trading Platform

Quotex provides users with a proprietary trading platform instead of the well-known MT4/MT5 platform with various trading strategies and implement EA systems. Quotex platform is optimized to run on almost any modern computer or mobile device. Traders can use either the browser version or the Android app.

Trading PlatformSupported Available Devices Suitable for
QuotexComputer, MobileAll traders
Trading Platform

Deposit and Withdrawal

The first deposit amount must be $10 or above. Quotex accepts the Visa payment system for withdrawals. A withdrawal procedure may take from 1 to 5 days.

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

Aman A
Within 1 year

What are the advantages of using Quotex?

WikiFX Reply
One of the main benefits I see with Quotex trading is the low minimum deposit of just $10, which allows me to start trading with a small amount of money. This is a pro for me because I can test out the platform and its features without committing a large sum upfront. Additionally, Quotex trade offers a demo account, which gives me the opportunity to practice risk-free. This is ideal for me as I can familiarize myself with the platform before using real funds. Another perk is the 24/7 customer support, which makes me feel supported whenever I need assistance. While these features are appealing, I can’t overlook the fact that Quotex is unregulated, which is a significant downside.
Broker Issues
Quotex
Regulation
08-23
United States
LoukiaCharilaou
Within 1 year

Are there any commissions when trading with Quotex?

WikiFX Reply
From my understanding, Quotex commissions are generally low or even nonexistent for certain assets like stocks and cryptocurrencies. However, the fees associated with other instruments like futures or options are not fully disclosed. Personally, I would prefer clear details about commissions for each instrument so I can accurately gauge the cost of my trades. Quotex trading can be cost-effective for basic stock trades, but the lack of transparency about commission fees makes it difficult for me to evaluate the true cost of trading on the platform.
Broker Issues
Quotex
Fees and Spreads
08-09
United States
kennis2244
Within 1 year

How long does Quotex withdrawal take?

WikiFX Reply
Quotex withdrawal can take anywhere from 1 to 5 days, which is standard for many brokers, but I personally prefer quicker access to my funds. In my experience, I like brokers who offer faster withdrawal times, especially if I want to reinvest or use my profits elsewhere. From what I’ve seen in Quotex reviews, there have been occasional delays, and this can be frustrating if I need access to my funds urgently. For me, the withdrawal process time is a key consideration, and I would prefer it to be quicker and more transparent.
Broker Issues
Quotex
Deposit
Withdrawal
07-14
United States
helpneeded
Within 1 year

Are there deposit and withdrawal fees on Quotex?

WikiFX Reply
Quotex deposit fees are non-existent, which is great for me as I don’t want to lose money just for funding my account. However, withdrawal fees aren’t clearly outlined, which is concerning. I’ve read Quotex reviews where some users mention unexpected fees or delays when withdrawing funds. For me, access to my profits is crucial, and if Quotex doesn’t clearly state its withdrawal fees or processing times, I’d be wary of using the platform for larger, long-term investments. Transparency is key when it comes to deposit and withdrawal fees, and I would feel more comfortable if Quotex disclosed all of this information upfront.
Broker Issues
Quotex
Fees and Spreads
06-08
United States
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