Quotex Review 2025: Is This Forex Broker Safe?

Quotex is a broker established in 2020 with the website listed as `https://quotex.io/zh`. According to the provided WikiFX data, Quotex has a WikiFX Score of 1.53, an influence rank of C, and no verified financial regulatory license. WikiFX also records 3 regulatory disclosure items and notes that user complaints received in the recent period have reached 13, which makes risk control especially important for anyone assessing this broker.

Pros and Cons of Quotex

• ✅ Established in 2020, giving it several years of operating history.
• ✅ Online customer service channels are listed, including email and social media contacts.
• ✅ Customer service support is described as covering 5 languages, with German specifically shown in the available contact details.
• ❌ No financial regulatory authority is shown as supervising Quotex.
• ❌ WikiFX Score is very low at 1.53.
• ❌ There are 3 regulatory disclosure records from authorities.
• ❌ WikiFX reports multiple exposure records and recent user complaints.
• ❌ Several user cases describe deposit failures, withdrawal blocks, account suspension, or unresolved fund disputes.

Quotex Regulation and License Safety

The core regulatory concern is straightforward: the provided WikiFX data states that no relevant financial institution regulation has been found for Quotex. Its regulator field is listed as null, and its safety level is shown as 0. This means the broker does not have a verified license in the provided dataset.

Risk Warning

An unregulated broker creates a higher level of uncertainty for traders because there is no confirmed supervisory authority in the provided data that can oversee client fund handling, dispute resolution, or business conduct. In Quotexs case, this concern is reinforced by regulatory disclosures that classify related warnings as danger-tagged items.

CMVM Disclosure in Portugal

The Portuguese Securities Market Commission, CMVM, issued an unauthorized warning stating that QUOTEX / Maxbit LLC and QUOTEX / Awesomo Ltd were not authorized or registered to conduct financial intermediary activities in Portugal. The disclosure also referenced several related websites and social media pages, warning that the entities were not legally qualified to advertise or solicit clients for financial intermediary contracts.

BAPPEBTI Disclosure in Indonesia

The Indonesian Commodity Futures Trading Regulatory Agency, BAPPEBTI, appeared in the disclosure data connected with the blocking of illegal commodity futures trading websites and websites described as operating under the guise of trading. The disclosure text included Quotex among binary-option-type domains and stated that such applications did not have legality in Indonesia.

SCM Disclosure in Malaysia

The Securities Commission Malaysia, SCM, listed Quotex in an investor alert context for conducting capital market activities involving securities trading without permission. The disclosure referenced the URL `https://Quotex.io/en/?lid=14010` and described the activity as unauthorized securities dealing.

Real User Feedback and Complaints

The complaint records show a recurring pattern of payment and account-access disputes. Several users reported that deposits were successfully debited from their wallet or bank account but were not credited to their Quotex trading balance. In one case, a user stated that a $100 deposit was not reflected in the account and claimed this had happened multiple times previously.

Withdrawal-related complaints are also prominent. Users described repeated withdrawal attempts being rejected, with explanations that account details did not match or that payments were reversed by the financial provider. One complaint stated that the user attempted to withdraw six times and continued receiving the same response without a clear solution.

There are also more serious access-related allegations. One user claimed that after growing an account balance and trying to withdraw, the account was blocked and only part of the funds was made available. Another user alleged that a profitable account was suspended during withdrawal, with no reason given. These reports indicate potential Quotex login and account-access risks when withdrawals or balance growth are involved.

A separate affiliate-related complaint alleged that $24,340 in earned commissions was being withheld despite multiple withdrawal requests. Another user alleged account manipulation after seeing the account balance drop sharply and receiving no meaningful support resolution.

Overall, the user feedback is heavily weighted toward fund-crediting delays, failed withdrawals, account blocking, suspended balances, and weak support responses. These themes are important because they directly affect whether clients can access their own money.

Final Verdict

This Quotex review finds a high-risk profile based strictly on the provided WikiFX data. Quotex has a low WikiFX Score of 1.53, no verified financial regulation, 3 regulator disclosure records, and multiple user complaints involving deposits, withdrawals, blocked accounts, and unresolved funds.

The broker does show some operational positives, including an operating history since 2020 and listed customer service channels. However, these points do not offset the lack of verified regulatory protection and the seriousness of the complaint pattern.

For cautious traders, the main takeaway is clear: Quotex should be approached with extreme care, especially where deposits, withdrawals, bonuses, affiliate commissions, or account access are involved. To stay safe and view the latest regulatory certificates, check Quotex on the WikiFX App.