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Quotex -

Score

1.51 /10
Danger

Quotex

Saint Vincent and the Grenadines

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://quotex.io/en

Influence

C

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Comparison

Quantity 6

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.97

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

More

Danger

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

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Danger

MY SCM
2021-01-01
INVESTOR ALERT LIST
Quotex

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 : 2025-09-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • WikiFX has received a total of 6 user complaints against this broker, please be aware of the risks and do not be scammed!

WikiFX Verification

Exposure

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

I cannot withdraw money from the internet platform

At first, they deposited the money I earned, since it wasn't much. Leo, as the money in my account grew, they asked me to deposit more so I could continue fulfilling my tasks. It got to the point where there was a lot of money in that account, and they asked me to withdraw it and pay a tax. I've added screenshots below.

2025-09-07 23:21
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

Quotex isn’t regulated. Fraud broker. Unable to withdraw!

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!

2021-03-12 16:07
Others

they closed my account with 150 usd in it

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.

2023-06-13 01:27
Scam

The Kytex platform was defrauded of my capital by executing deals without my knowledge

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

2023-02-23 20:07
Scam

QUOTEX STOLE $43,000! Account Suspended After prft

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

2025-07-09 16:58
Data Source WikiFX Data provide
Updated: 2025-09-27
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
Quotex✔Computer, 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.
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User Reviews

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User comment

16

Comments

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javier lopez
0-3months
al principio me depositaban el dinero que ganaba, ya que era poco. Leo cuando fue creciendo el dinero en mi cuenta me pedían que ingresé más para poder seguir cumpliendo con mis tareas. llego a un punto en que hay mucha plata en esa cuenta y me piden para retirar, pagar un impuesto. abajo agrego capturas.
al principio me depositaban el dinero que ganaba, ya que era poco. Leo cuando fue creciendo el dinero en mi cuenta me pedían que ingresé más para poder seguir cumpliendo con mis tareas. llego a un punto en que hay mucha plata en esa cuenta y me piden para retirar, pagar un impuesto. abajo agrego capturas.
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2025-09-07 23:21
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Rajaammal
0-3months
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.
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.
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2025-08-10 21:27
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