WikiFX Review: Why so many complaints against QUOTEX?
Abstract：Recently, a broker called QUOTEX has become a trending topic in forex markets. WikiFX made a comprehension review to help you better understand this broker. We will analyze the reliability of this broker from specific information, regulation, exposure, and etc. Let’s get into it.
Recently, a broker called QUOTEX has become a trending topic in forex markets. WikiFX made a comprehension review to help you better understand this broker. We will analyze the reliability of this broker from specific information, regulation, exposure, and etc. Lets get into it.
Specs of QUOTEX
About QUOTEX
QUOTEX id a trading name of Maxbit LLC. According to WikiFX, this broker is registered in Saint Vincent and the Grenadines that provides its clients with a WebTrader as its trading platform and over 410 tradable financial instruments. This broker advertises that it is a multi-platform with more than 410 trading instruments across 4 asset classes for digital options trading.
Account Types
This broker offers demo and real accounts, traders can register and get $10,000 on a demo account for learning to trade. Traders can start with a low amount of $10.
Trading Platforms
When it comes to trading platforms available, QUOTEX gives traders three choices: WebTrader, Desktop and Mobile (iPhone, Android) version.
Regulatory Status of QUOTEX
Saint Vincent and the Grenadines is an attractive place for financial companies to operate through an offshore company. there is no sharp regulation or overseeing of the company operation implemented. The SVG broker can run its activity and accept forex payments through credit cards but is not overseen.
Quotex has not been authorized or regulated by any major financial regulatory body. Additionally, there have been reports and complaints of fraudulent activities associated with the platform.
WikiFX has given this broker a low score of 1.45/10.
Complaints
As for Feb 6th 2025, WikiFX has received more than 40 complaints against this broker.
This trader from India claimed that his account has been suspended by this broker for “violating the companys rules and policies.”
This trader from Indonesia claimed that his account was unilaterally closed and funds are lost.
This trader from Colombia claimed that she cannot withdraw money from this broker.
Overall, there are many other complaints related to this broker. We can not show them all here. The biggest problem that many traders pointed out is that QUOTEX blocks investors withdrawal requests.
Conclusion
WikiFX advise you to avoid this broker as it may take your assets away fraudulently. Unscrupulous brokers are usually the unregulated broker with extremely low WikIFX score. Please be aware of the risk.
If you want more information about certain brokers' reliability, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX App to find your most trusted broker.
Read more
Pepperstone Review 2026: Massive Deposit & Withdrawal Complaints Against This Regulated Broker
Have you experienced issues with Pepperstone deposit & withdrawal processing? From your experience, do you feel that the Australia-based forex broker causes losses to its clients? Did the brokerage entity freeze your account and give you a margin call? All these trading allegations have been rampant on broker review platforms such as WikiFX. This Pepperstone review article takes a close look at the user complaints, especially in 2026. Additionally, we have given an overview of the regulatory framework under which the brokerage entity operates.
Wundersys vs tradgrip: Two Offshore Newcomers Go Head to Head — and Neither Brings Home a Trophy
Some broker comparisons end with a confident "go with this one." This is not one of them — and that honesty is exactly what makes it worth reading. Wundersys and tradgrip are two young, offshore-registered brokers that keep popping up in front of beginner traders, often through aggressive online marketing. Both promise the usual buffet: tight spreads, generous leverage, multiple account tiers. And both, according to WikiFX, sit near the very bottom of the safety scale. So instead of crowning a champion, this comparison is really about something more useful: learning to read the warning signs, understanding the small differences that still matter, and knowing why "the better of two risky options" is still a conversation about risk.
The 6 Lowest-Commission Forex Brokers South Asian Traders Are Flocking To in 2026
If you trade forex from India, Pakistan, Bangladesh, Sri Lanka, or Nepal, you already know the quiet truth that eats into every trader's results: it is not just the market that decides whether you profit — it is the cost of getting in and out of each trade. Shave a couple of dollars off your commission on every lot, multiply it across hundreds of trades a year, and you are looking at the difference between a strategy that works and one that bleeds out slowly. South Asian traders are some of the most cost-conscious in the world, and rightly so. So we pulled the data on the brokers most often recommended for the region, cross-checked every name on WikiFX, and ranked them by the one number that matters most here: what they actually charge you to trade. Before the list, one quick lesson that will make this whole ranking click.
XPO Fund Wants $10,000 Before You Trade a Single Real Dollar — Read This Stunning Revelation
If you have spent even a week inside trading communities lately, you already know the pitch by heart. Pass a quick "challenge," get handed a funded account worth tens of thousands of dollars, and keep up to 80% of everything you make. No risking your own savings, no slow grind of building capital from scratch — just skill, a small fee, and a fast track to the big leagues. It is the exact dream every new trader is secretly chasing, and an entire industry has sprung up to sell it. XPO Fund is one of the louder voices selling that story right now. Its website is slick, its plans sound generous, and its marketing leans hard on words like "industry's lowest fee" and "fast payouts." But before you reach for your card, there is one number sitting quietly on this firm's profile — a number it would rather you scroll past — that every experienced trader would beg you to look at first. And no, it is not the profit split. Let's pull XPO Fund apart piece by piece: what it actually is, who is real
WikiFX Broker
Latest News
The Market's Ledger: Why Price Returns to Fill Liquidity Voids
WikiFXKeeping Your Forex Profits Safe With Trailing Stop Losses
WikiFXReview 2026: Japan FSA Regulation, Platform Access, and Complaint Signals
WikiFXHEADWAY Review: Broker Complaints Point to Withdrawals, Zeroed Balances, and Login Blocks
WikiFXIndian Stocks Take a Beating, Sensex Falls by Over 600 Points Today: Check Out Why
WikiFXDollar Hits Two-Month High Amid Surging Yields
WikiFXGetting Started in Forex: Understanding Currency Pairs, Central Banks, and Legal Risks
WikiFXIndia Left Reeling as Net FDI Crashes from $28 Billion to Just $1 Billion in Two Years
WikiFXThe May inflation numbers are due out Wednesday morning. Here's what to expect
WikiFXWTI Slumps As Treasury Yields Surge
WikiFXRate Calc
