Score

1.51 /10
Danger

Quotex

Saint Vincent and the Grenadines

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

C

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Comparison

Quantity 7

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.01

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

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Danger

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2022-02-02
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Danger

MY SCM
2021-01-01

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 : 2025-11-11
  • It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
  • WikiFX has received a total of 7 user complaints against this broker, please be aware of the risks and do not be scammed!

WikiFX Verification

Pyramid scheme complaint
Expose
Scam

Deposit not come to account

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$.

2024-04-20 20:45
Scam

Fraud/Scam by Quotex

On 19/09/2025, I deposited INR 4709.00 through the QR code provided by Quotex in order to add 50 USD to my trading account. The payment was successfully transferred and immediately debited from my savings bank account. However, Quotex has still not added this amount to my trading account. Despite sending several messages, I have not received any satisfactory reply to date. The support team often does not respond for many days. This issue is not only with me—most traders who make deposits face similar problems. Even during withdrawals, traders’ funds are frequently held back. When anyone raises a complaint, the support team simply does not reply. I have already attached the successful transaction receipt and bank statement details related to my deposit, but the financial department has still not credited the amount to my account. Therefore, I sincerely request you to resolve this issue at the earliest. Thanks, With regards, My Details are as under: ID: 14685618

2025-10-23 16:42
    Quotex · 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.

    News

    ExposureQuotex Broker Review 2025: Is It a High-Risk Broker?

    Quotex Review 2025: Unregulated binary options broker with numerous withdrawal complaints and warnings. Read this in-depth risk analysis before depositing.

    WikiFX
    2025-08-12 16:48
    Quotex Broker Review 2025: Is It a High-Risk Broker?

    ExposureContemplating Investments in Quotex? Abandon Your Plan Before You Lose All Your Funds

    Have you received calls from Quotex executives claiming to offer you returns of over 50% per month? Do you face both deposit and withdrawal issues at this company? Or have you faced a complete scam trading with this forex broker? You're not alone. Here is the exposure story.

    WikiFX
    2025-07-18 19:40
    Contemplating Investments in Quotex? Abandon Your Plan Before You Lose All Your Funds

    NewsWIKIFX REPORT: Quotex:brokerage locks withdrawals, locks accounts and disappears with customer money

    Broker for binary options In order to block the accounts of users who are making money on the site, Quotex, an opponent of IQ Option, has been making generic claims that use regulations have been broken. More recently, it has been charged with running out of deposits: clients would pay money using PIX, and though the account would be debited, it would not appear in the wallet.

    WikiFX
    2022-07-01 14:07
    WIKIFX REPORT: Quotex:brokerage locks withdrawals, locks accounts and disappears with customer money

    NewsIs Quotex a part of a scam or is it legit? Let’s check out our Quotex reviewed.

    If you are fond of trading with Binary options, you need to know a few things first. It is the only way where you may get success at a rapid rate and you may even face huge loss also.

    WikiFX
    2021-12-08 12:04
    Is Quotex a part of a scam or is it legit? Let’s check out our Quotex reviewed.

    User Reviews

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    User comment

    19

    Comments

    Write a review

    GopalKumar
    0-3months
    On 19/09/2025, I deposited INR 4709.00 through the QR code provided by Quotex in order to add 50 USD to my trading account. The payment was successfully transferred and immediately debited from my savings bank account. However, Quotex has still not added this amount to my trading account. Despite sending several messages, I have not received any satisfactory reply to date. The support team often does not respond for many days. This issue is not only with me—most traders who make deposits face similar problems. Even during withdrawals, traders’ funds are frequently held back. When anyone raises a complaint, the support team simply does not reply. I have already attached the successful transaction receipt and bank statement details related to my deposit, but the financial department has still not credited the amount to my account. Therefore, I sincerely request you to resolve this issue at the earliest. Thanks, With regards, My Details are as under: ID: 14685618
    On 19/09/2025, I deposited INR 4709.00 through the QR code provided by Quotex in order to add 50 USD to my trading account. The payment was successfully transferred and immediately debited from my savings bank account. However, Quotex has still not added this amount to my trading account. Despite sending several messages, I have not received any satisfactory reply to date. The support team often does not respond for many days. This issue is not only with me—most traders who make deposits face similar problems. Even during withdrawals, traders’ funds are frequently held back. When anyone raises a complaint, the support team simply does not reply. I have already attached the successful transaction receipt and bank statement details related to my deposit, but the financial department has still not credited the amount to my account. Therefore, I sincerely request you to resolve this issue at the earliest. Thanks, With regards, My Details are as under: ID: 14685618
    Translate to English
    2025-10-23 16:42
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    Mr870
    0-3months
    لدي خبرة جيدة في التداول معهم. الحد الأدنى للإيداع هو 10 دولارات فقط ، كما تتوفر حسابات تجريبية. الإيداع والسحب لا توجد مشكلة على الإطلاق. لست متأكدًا من سبب شكوى الكثير من المراجعين هنا من ذلك. فقط ابدا برصيد قليل للتجربة
    لدي خبرة جيدة في التداول معهم. الحد الأدنى للإيداع هو 10 دولارات فقط ، كما تتوفر حسابات تجريبية. الإيداع والسحب لا توجد مشكلة على الإطلاق. لست متأكدًا من سبب شكوى الكثير من المراجعين هنا من ذلك. فقط ابدا برصيد قليل للتجربة
    Translate to English
    2025-10-14 01:37
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