Quotex Review: Users Report Withdrawal Issues & Offshore Regulation Concerns

Quotex pretends to be a trustworthy broker, but is it really a reliable one? To answer this, we need to look at Quotexs regulation and real user reviews. We have also examined Quotex ourselves. In this article, we have collected Quotex broker complaints to make you aware of the issues traders have reported.

Regulatory Analysis of Quotex Broker

When we checked the official website of Quotex broker to verify its regulatory status, we found that ON SPOT LLC GROUP is listed as the owner of Quotex, registered in St. Kitts and Nevis.

Common Complaints About Quotex Markets

1. Account Suddenly Restricted With No Valid Reason

Six days ago, a user reported that he deposited money with the Quotex broker and was trading normally. Later, his account was suddenly restricted without any valid reason. He contacted Quotex customer support many times but did not receive any reply. As a client, he expected clear communication and transparency from the Quotex broker, but the broker failed to deliver.

2. Paid Positive Reviews

A user who claims to have used the Quotex broker for the last two years revealed that the platform pays users $3 for writing fake positive reviews, calling it a “risk-free bonus.” He further stated that Quotex is a fake trading platform and warned others not to trust its 5-star ratings and to maintain distance from the broker.

3. Poor Customer Support & Withdrawal Problem

A user stated that he planned to invest in Quotex broker registered an account, and submitted the required documents. However, when he contacted Quotex customer support for confirmation, they did not respond. He also mentioned that he faced withdrawal issues with the platform.

4. Customer Support Does Not Help Clients

Another user reported a terrible experience with Quotex broker.He deposited money with the broker but did not receive a confirmation. When he contacted Quotex brokercustomer support, they claimed they had not received the deposit, even though the user had proof.

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