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QUOTEX -

Score

1.45 /10
Danger

QUOTEX

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Global Business

High potential risk

https://qxbroker.com/en

Influence

AAA

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Comparison

Quantity 4

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.55

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

PT CMVM
2023-01-03
cmvm warns investors about the QUOTEX / Maxbit LLC and the QUOTEX /awesomo ltd
QUOTEX
Quotex
QUOTEX

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
QUOTEX
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Broker Information

More

Company Name

Maxbit LLC

Company Abbreviation

QUOTEX

Platform registered country and region

Saint Vincent and the Grenadines

Company website

X

Facebook

Instagram

YouTube

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2025-06-07
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Exposure

4 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Withdrawal pending

My withdrawal has been pending for more than the regulated five days and still not processed Support are not replying my complaints either....

Braxgolden12
2024-01-27 07:40
Scam

I submitted a withdrawal request and then my account was blocked.

I submitted a withdrawal request, and after that my account was banned. And no email came stating that the amount had been returned, and I haven't received $500. This is a clear scam through the company. I hope that a private party enters to resolve this matter as quickly as possible. The platform is not good, and there is no direct support to talk to them about all of this.

Mo937
2023-10-24 13:53
Scam

Update on the case of QUOTEX's theft of 23,160 USD.

For the past 2 days, I've been contacting QUOTEX as they closed my account without reason or notice after I requested a withdrawal of 23,160 USD. I don't know what to do. It's a huge amount of money that I don't want stolen, but I only receive the same response. I would appreciate advice on what to do, as obviously I didn't do what they're accusing me of, or I would accept the consequences maturely. This only has one name and it's THEFT.

JuanLP
2025-05-13 03:44
Scam

I had $23,160 in withdrawal process, and it was suspended.

I've never had problems with this broker before. I even made withdrawals of $60,000 without any issues. The last time I traded, I withdrew $23,160 with a deposit of $12,000. A day later, when I went to check the status of my withdrawal, my account was suspended. I'm afraid they might try to keep my money or the profits, which are rightfully mine. I kindly ask for help to resolve this issue and receive my money ($23,160), regardless of whether I can continue using the platform. Thank you.

JuanLP
2025-05-11 05:43
QUOTEX · Company summary
QUOTEX Review Summary
Founded2019
Registered Country/RegionSaint Vincent and the Grenadines
RegulationNo regulation
Market InstrumentsForex, Commodities, Cryptos, Stocks
Demo Account✅($10,000 virtual funds)
Leverage /
Spread/
Trading PlatformWeb-based platform, Mobile App (iOS & Android)
Minimum Deposit$10
Customer SupportEmail: support@quotex.io
Address: Main Street, P.O. Box 625, Charlestown, St. Kitts and Nevis

QUOTEX Information

QUOTEX is a Saint Vincent and the Grenadines-registered online binary options trading platform, it was established in 2019. With a small $10 minimum investment, it provides commodities, cryptocurrencies, and FX. But there are no rules governing the platform's operations.

QUOTEX Information

Pros and Cons

Pros Cons
Low minimum deposit ($10)No regulation
Free demo account with $10,000 balanceUnclear fee structure
Supports multiple payment methodsNo support for MT4/MT5 or advanced tools
No deposit/withdrawal fees

Is QUOTEX Legit?

QUOTEX is not a reputable broker. It is registered in St. Vincent and the Grenadines. QUOTEX does not have a legitimate license from the local regulator, nor is it licensed by any major international financial regulators such as the FCA (UK), ASIC (Australia), or the NFA (USA).

license

The domain quotex.com was registered on June 4, 2003, and will expire on June 4, 2026. It is presently locked, preventing any unlawful deletion, renewal, transfer, or updates. This domain employs Cloudflare name servers, which indicates basic security precautions, but it does not suggest regulatory trustworthiness.

domain

What Can I Trade on QUOTEX?

QUOTEX provides forex, cryptocurrencies, commodities, and stocks. The trading options are primarily for digital options or speculative binary transactions.

Tradable Instruments Supported
Forex✔
Commodities✔
Cryptos✔
Stocks✔
Indices❌
Bonds❌
Options❌
ETFs❌
products

Account Type

QUOTEX has two primary account types: Demo and Real. The Demo account includes $10,000 in virtual cash and is ideal for novices who wish to practice trading without risk. The genuine account has a $10 minimum deposit and provides access to genuine market conditions, tournaments, and more features, making it perfect for more experienced or serious traders.

Account TypeMinimum DepositFeaturesSuitable for
Real Account$10Live trading, tournaments, full featuresActive and serious traders
Demo Account-$10,000 virtual funds, risk-free learningBeginners, practice traders
Account Types

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Web Trading Platform✔PC, Mac, web/
Mobile App✔Android (Google Play), iOS (App Store)/
MetaTrader 4 (MT4)❌–Beginners
MetaTrader 5 (MT5)❌–Experienced traders
Trading Platform

Deposit and Withdrawal

QUOTEX charges no fees for deposits or withdrawals. However, third-party payment providers may levy their own processing costs or currency conversion fees, which are beyond QUOTEX's control.

Deposit Options

Deposit Options Minimum DepositDeposit Fees Deposit Time
Bank Cards$10$0Instant to a few hours
Electronic Payment Systems
Local Banking Options

Withdrawal Options

Withdrawal Options Minimum Withdrawal Withdrawal Fees Withdrawal Time
Bank Cards$10$01-5 business days
E-walletsUsually faster than bank transfers
Cryptocurrency$50Varies by network confirmation
Non-Trading Fees
Deposit and Withdrawal

User Reviews

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User comment

10

Comments

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JuanLP
0-3months
Desde hace 2 días he estado contactando a QUOTEX ya que cerró mi cuenta sin motivo y sin aviso después de solicitar mi retiro de 23.160 USD, ya no se que hacer ya que es una cantidad enorme de dinero que no quiero permitir que me roben pero aún así solo recibo la misma respuesta y quisiera recibir consejos sobre que hacer, ya que obviamente no hice nada de lo que me están inculpando o aceptaría las consecuencias con madurez, esto solo tiene un nombre y es ROBAR.
Desde hace 2 días he estado contactando a QUOTEX ya que cerró mi cuenta sin motivo y sin aviso después de solicitar mi retiro de 23.160 USD, ya no se que hacer ya que es una cantidad enorme de dinero que no quiero permitir que me roben pero aún así solo recibo la misma respuesta y quisiera recibir consejos sobre que hacer, ya que obviamente no hice nada de lo que me están inculpando o aceptaría las consecuencias con madurez, esto solo tiene un nombre y es ROBAR.
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2025-05-13 03:44
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JuanLP
0-3months
Nunca había tenido problemas con este broker, incluso hacía retiros de 60.000 dolares sin problemas, la ultima vez que operé hice un retiro de 23.160 USD con un deposito de 12.000 USD y un día después iba a revisar el estado de mi retiro y simplemente ya tenía la cuenta suspendida y me da miedo que quieran quedarse con mi dinero o con las ganancias que también justamente son mías, pido ayuda cordialmente para solucionar este problema y recibir mi dinero (23.160 USD) sin importar si no puedo usar más la plataforma, gracias
Nunca había tenido problemas con este broker, incluso hacía retiros de 60.000 dolares sin problemas, la ultima vez que operé hice un retiro de 23.160 USD con un deposito de 12.000 USD y un día después iba a revisar el estado de mi retiro y simplemente ya tenía la cuenta suspendida y me da miedo que quieran quedarse con mi dinero o con las ganancias que también justamente son mías, pido ayuda cordialmente para solucionar este problema y recibir mi dinero (23.160 USD) sin importar si no puedo usar más la plataforma, gracias
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2025-05-11 05:43
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