⚠️ Warning: in our assessment, Quotex is a high-risk and potentially problematic platform. We have removed Quotex from our rankings and significantly lowered the scores for reliability and support due to limited regulatory/legal clarity and our experience with support.
This content is for informational purposes only and is not financial advice.
Highlights of Quotex
Profitabilityup to 91%
Minimum Deposit$10
Trading Assets
ForexPrecious MetalsEnergy CarriersIndicesStocks
Trading Platforms
Quadcode
3.5/5
More DetailsRegisterTrading binary options carries high risks. You may lose all invested funds
RegisterTrading binary options carries high risks. You may lose all invested funds
Profitabilityup to 91%
Minimum Deposit$10
Countries of registration:
Regulators:
Trading Assets
ForexPrecious MetalsEnergy CarriersIndicesStocks
Trading Platforms
Quadcode
compare Quotex options types
Quotex is a digital/binary options platform with a simple web terminal and a low entry threshold (deposits from $10). However, the key drawback is limited transparency: regulatory/legal clarity is weak for most users and there are questions around accountability and the legal setup. Overall, we consider Quotex a higher-risk option and suggest looking at more transparent alternatives.
Pros and Cons of Quotex
Pros
Low entry threshold (minimum deposit from $10).
Simple web interface for a quick start.
Demo account for risk-free practice.
Tournaments and promo mechanics are available.
Cons
Limited regulatory/legal transparency and accountability.
Limited support channels and lower decision predictability (based on our experience).
Limited selection of markets/assets.
No desktop platform (mostly web/Android).
Not enough education and in-depth analytics for beginners.
Quotex reviews
1.98 out of 5
Based on 50 reviews
What traders write about in reviews of Quotex?
All TopicsGeneral Impression (30)Support Service (25)Withdrawal of Funds (24)Security and Privacy (21)Regulation (17)Trading Platform (2)Account Funding (2)Bonuses (1)Spread and Commission (1)
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1.98 из 5
На основе 50 отзывов
О чем пишут трейдеры в отзывах о Quotex?
All TopicsGeneral Impression (30)Support Service (25)Withdrawal of Funds (24)Security and Privacy (21)Regulation (17)Trading Platform (2)Account Funding (2)Bonuses (1)Spread and Commission (1)
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JK
Jason K. Singapore
"Support can’t explain disputed trades"I contacted support about a trade that closed as a loss even though the candle on their own chart looked like it touched my level. Support asked for a screen recording plus the exact time, then went silent for almost 48 hours.
When they finally replied, they basically said prices come from their providers and decisions are final. No adjustment, no audit trail, nothing. On top of that, I still can’t see any reputable regulator behind Quotex or a proper company address I can verify. The whole thing feels like you’re playing on their rules, and if something goes wrong you have nowhere to escalate. I stopped using it after that.
Support ServiceRegulationGeneral Impression
MK
Mia K. Australia
"Verification requests felt over the top"I ran into issues after a small winning streak and it turned into a verification nightmare. Quotex let me deposit by Mastercard quickly, but when I attempted to withdraw they asked for additional documents and kept pushing for extra photos. One request was for a selfie holding my ID plus a photo of my bank card. I’m not comfortable sending that level of sensitive info to a company that doesn’t show clear regulation.
Support didn’t help much either. I emailed and used chat, and all I got was “your account is under review” with no clear timeframe. If you’re going to ask for documents like that, at least explain the process and who the legal entity is. This experience made me stop using it entirely.
Security and PrivacySupport ServiceRegulation
F
fx_matt Australia
"USDT withdrawal worked, but support was copy-paste"I used Quotex with small size and withdrew in crypto to avoid card hassles. Deposit in USDT was straightforward and credited fast. When I cashed out $80 via USDT TRC20 (their minimum is $50), it didn’t come instantly. The withdrawal sat pending for about 3 days, then flipped to approved and arrived on-chain the next day.
I contacted support chat twice and both times I got the same template response telling me withdrawals can take 1–5 days and to “wait for verification”. No specific reason, no checklist, no timeline. To be fair, the funds did show up in the end, but if you’re expecting quick access to your money, the communication is pretty weak.
Withdrawal of FundsSupport Service
F
fx_matt Singapore
"Crypto withdrawal worked, but too slow for crypto"Used Binance Pay to top up $100 and it was instant. Trading itself is okay for quick index/FX binaries and most clicks get accepted immediately. Still, I noticed occasional quote spikes around session opens, so I avoid trading the first minutes.
When I was up, I withdrew to USDC on BEP20. The request stayed pending for 3 days and only then flipped to approved; the coins arrived the next morning. They advertise 1–5 days, so it’s “within the window,” but for crypto that’s slow. Minimum crypto withdrawal is 50, so you can’t really test with small amounts. I didn’t see a broker fee, just the chain fee, but I keep my balance minimal now.
Withdrawal of FundsGeneral Impression
CH
Caroline H. Canada
"Too many privacy red flags for me"What put me off Quotex wasn’t even the platform, it was the whole “trust” side of it. Right after I created an account, I started getting prompts to verify and upload documents, but the wording was vague and didn’t explain how long they keep your data or where it’s stored. I’m fine with KYC when the company is clearly regulated, but here I couldn’t find a solid regulator/licence statement that made sense.
After I uploaded ID, I suddenly got unsolicited messages from a “manager” offering trading signals and asking how much I plan to deposit. That’s a massive privacy red flag. Support said it’s “normal onboarding” and told me to ignore it, which is not reassuring.
Between the unclear regulation, aggressive follow-ups, and the fact it’s binary options (easy to overtrade), I’d rate it as a high-risk place to park money.
Security and PrivacyRegulationSupport Service
TH
Tom H. Australia
"Deposit was instant, cashing out wasn’t"I opened a Quotex account mostly out of curiosity (binary options), and the first impression was a bit too “casino-ish” for my taste. The web platform is simple and loads fast, but the quotes on some forex pairs felt jumpy around news.
I deposited $200 using my Visa and it showed up immediately, but my bank statement had an extra card fee (around the 2.5% mark). The real problem started when I tried to withdraw $150 back to the same card. The request sat in “processing” for days, and the only guidance I could find was that approval can take 1–5 days. It eventually moved, but the delay + vague status updates didn’t build confidence.
General ImpressionWithdrawal of Funds
AFC
Anna from Clementi Singapore
"KYC + privacy feels sloppy"They let me trade right after a small Visa deposit, but the moment I tried to withdraw they pushed full verification. Uploading passport and proof of address through the web form didn’t inspire confidence because there’s no clear explanation of how long they store documents or who can access them.
After verification I started getting promo emails almost daily. I asked support to turn off marketing and they told me to “just unsubscribe.” Also, I couldn’t find any option for two-factor login, which is basic for anything that holds client funds. Maybe it’s fine for tiny amounts, but I don’t feel comfortable keeping my personal docs there.
Security and PrivacySupport Service
F
fx_matt Pakistan
"Too many red flags for me"I tried Quotex because friends were sharing screenshots of quick wins, but after using it for a month I’m not comfortable keeping funds there. The platform is very “game-like” and it pushes you into fast binary decisions instead of proper risk management. More importantly, I couldn’t verify any strong regulation, and that shows up in how withdrawals are handled. I withdrew 80 USDC (TRC20) once and it went through, then the next withdrawal for a similar amount got delayed and I was asked to re-verify. The rules feel like they can change whenever they want. If you still want to try it, stick to the minimums and treat it like entertainment money, not trading capital.
General ImpressionRegulationWithdrawal of Funds
S
Sharon Singapore
"Feels unregulated and the rules change mid-session"Tried Quotex for a weekend after seeing it all over social media. It’s a binary options setup with fixed payouts, not a proper FX/CFD broker, so there are no spreads/swaps to compare and the “execution” is basically whether they accept your click in time.
What bothered me is the lack of clear regulation. I couldn’t find a recognizable license number or any well-known authority name, just vague “international” wording. During a USD move the chart froze for 2–3 seconds and my trade opened late, then the payout on the same asset changed from 85% to 70% without warning. That kind of unpredictability is a deal breaker for me.
RegulationGeneral Impression
SK
Sadia K. Bangladesh
"Smooth app, but I wouldn’t park funds there"I used Quotex for a couple weeks on the demo and then went live with a tiny 20 USD Mastercard deposit. The interface is fast and charts load smoothly on mobile, but pricing/payout changes mid-session and it’s hard to judge costs like you would with real spreads. Also, there’s no transparency about where client money is held, so I treat it as 'trade what you can lose'. For beginners it’s easy to overtrade because it feels like tapping a game more than executing a plan.
General ImpressionSecurity and Privacy
AFP
Anna from Perth Australia
"No clear license, and that matters"Before putting real money in, I tried to verify who actually regulates Quotex. I couldn’t find anything solid that would make me comfortable as an Australian trader (no clear top-tier oversight, no transparent entity details). That alone is a big red flag.
On the security/privacy side, the onboarding pushed me towards providing documents pretty quickly, but at the same time the site doesn’t explain well how data is stored or who it’s shared with. After signing up, I started getting a lot of promo emails and messages, which made it feel like my details were being used for marketing rather than just account management. For a product this risky, the lack of regulatory clarity + sloppy privacy vibe is a deal breaker for me.
RegulationSecurity and Privacy
DL
Daniel Lim Singapore
"Deposit was quick, withdrawal was a headache"I deposited 50 USDT on TRC20 because card deposits kept failing for me. The deposit showed up in about a minute, so I started doing small 1–3 min binary trades. The platform feels snappy, but the price feed sometimes jumps and my entry is a few ticks off what I see on TradingView.
The real problem was cashing out: minimum withdrawal is 50 and my request sat on “processing” for 4 days. On day 5 they asked for extra selfie + ID again even though I used crypto. Support chat replied with canned messages and couldn’t give an exact ETA. It eventually paid out (no broker fee, just the network fee), but the uncertainty killed my trust.
Withdrawal of FundsSupport ServiceGeneral Impression
AFV
Anna from Vancouver Canada
"If you're trading from here, expect restrictions"My main issue with Quotex is access and legal clarity. I’m in Canada and after creating an account it started throwing “not available in your region” messages at random. The site still let me browse and even showed deposit options like crypto and cards, but I didn’t feel comfortable funding something that might lock me out later.
When I asked support whether Canadians are allowed, the answer was vague and basically boiled down to “check your local laws.” That’s not what you want to hear from a broker taking deposits. I also couldn’t find a straight answer on who regulates them or what authority you can complain to if things go wrong.
Maybe it works fine elsewhere, but from my side it felt like walking on thin ice, so I walked away.
RegulationGeneral ImpressionSupport Service
LJ
Luke Johnson Australia
"Easy to click, hard to trust the pricing"Quotex is very easy to use on the surface: pick an asset, pick the expiry, click up/down. They have a decent list for a binary platform (forex pairs, gold/oil, indices, and a handful of stocks), and orders execute instantly because it’s not MT4/MT5 style trading.
But the price feed is what bothered me. On a couple of short expiries, the last-second tick seemed to “jump” and my result ended up the opposite of what my chart showed a moment earlier. There’s no spread/swaps to compare like on normal brokers, so you’re basically trusting their internal quote. I’m not saying every trade was wrong, but the overall setup feels like you’re playing against the platform. I keep it as a tiny side account at most.
General ImpressionSecurity and Privacy
E
Elena Nepal
"Too much hassle to get your money out"Withdrawal experience was the deal breaker for me. I deposited with Visa (charged in USD) and the platform credited the balance instantly, but when I tried to withdraw $80 they rejected it and asked for "additional verification" even though my profile already showed verified. They wanted another selfie holding the card and a bank statement, which is a lot of sensitive data for a binary options site. After I uploaded everything, the request kept bouncing between "processing" and "canceled" with no clear reason. Support only repeats that withdrawals can take 1-5 days and tells you to try again. If you’re in my region and relying on fast access to funds, be careful—this didn’t feel reliable.
Withdrawal of FundsSecurity and PrivacySupport Service
HFL
Hira from Lahore Pakistan
"Support helped, but only after account lock"My account got locked after I logged in from a different network (mobile data vs home Wi‑Fi). On one hand, that’s a good sign because at least they react to suspicious logins. On the other hand, getting it back was annoying: support asked for the same documents again and the replies came slowly. The first answer took roughly 24 hours, then another day for them to “review” the selfie. Once unlocked, everything worked normally and deposits via Binance Pay were instant for me. Still, the whole process made me realize how dependent you are on their support team when something goes wrong. Keep screenshots of all your transactions and don’t leave a big balance sitting there.
Support ServiceSecurity and Privacy
NFP
Neha from Pune India
"Account locked right before withdrawal"This was the worst part of my Quotex test. I deposited by Mastercard (small amount) and the conversion to USD hit me with extra bank fees, which I expected. After a few days I wanted to withdraw the remaining balance, but the withdrawal section kept pushing crypto and the minimum is 50 for most coins, so I waited until I had enough.
The moment I requested a USDT BEP20 withdrawal, my account was flagged and I couldn’t trade or withdraw until “verification review”. They asked for ID + selfie again and a card photo with digits hidden. I get security checks, but doing it exactly at withdrawal time feels shady. I also couldn’t find solid regulatory protection info that would make me comfortable in a dispute.
Withdrawal of FundsSecurity and PrivacyRegulation
D
DhakaTrader88 Bangladesh
"KYC roulette before you can withdraw"Account verification was messy. After a small Perfect Money deposit, they asked for passport/NID photo and a selfie holding the document. I uploaded it twice because the first time it was marked 'blurry' with no explanation. What annoyed me is they still let me trade while 'unverified', but when I tried to withdraw they locked withdrawals until the re-check finished. Support answered after about 12 hours by email and didn’t clarify what was wrong, just 'try again'. I’m not comfortable sharing extra personal data if the process is this random.
Security and PrivacyWithdrawal of FundsSupport Service
EM
Evan McLeod Canada
"Withdrawal turned into a week of back-and-forth"I tried Quotex for a couple of weeks with small binary trades just to see if the basics work. Depositing with USDT (TRC20) was instant and the minimum was low, so that part looked fine. The problems started when I requested a withdrawal of $120 USDT: it sat in “processing” for 4 days. Support kept repeating that withdrawals can take 1–5 days, but wouldn’t say what day I was on.
On day 5 they suddenly asked for extra verification (selfie + ID again). Weird part is I never used a bank card, only crypto. After I sent it, $100 arrived the next day, and the remaining $20 stayed pending for another two days until I cancelled it. Trading-wise, the 1‑minute expiries sometimes felt delayed by a second or two, which matters on binaries.
Not the worst experience, but not something I’d trust with bigger money.
Withdrawal of FundsSupport ServiceSecurity and Privacy
JS
J. Sinclair Canada
"Card withdrawal didn’t work, pushed toward crypto"I funded Quotex with Mastercard to try it out, and trading itself was… okay, typical binary payouts. The trouble was cashing out. I tried to withdraw back to the card and the request got rejected twice without a clear reason, just a generic error.
I contacted support and they told me to “use another method” and suggested crypto withdrawals. That defeats the point of using a card in the first place, and it also raises questions about how refunds/chargebacks would work if something goes wrong.
After that I stopped trading and didn’t deposit again. Maybe withdrawals are smoother if you stick to USDT from day one, but if you’re a card user, be prepared for friction.
Withdrawal of FundsSupport Service
F
fx_matt United Kingdom
"Smooth platform, but prices feel “off” sometimes"I used Quotex for short binary trades on major FX pairs and a couple of indices. The web platform is fast and orders fire immediately, which is what you want for 1–5 minute setups. Payouts jumped around a lot (I was seeing roughly 70–85% depending on the asset/time), so you can’t really plan a consistent edge.
What bothered me is that during busy news moments the chart would spike in a way that didn’t match what I was watching elsewhere, and a couple of trades closed just a hair below my level. Maybe it’s just their feed, but it makes results hard to trust. Deposit by Visa was instant, but it’s processed in USD and my bank added its conversion fee. I’d call it usable for testing, not for serious size.
General ImpressionSecurity and Privacy
D
DesertTrader United Arab Emirates
"Binance Pay deposit was instant, withdrawal took the full window"Used Quotex for a couple of weeks from Abu Dhabi. Depositing through Binance Pay was smooth and instant, which is honestly the best part of my experience. The trading screen is clean enough, but on busy moments (news candles) the chart sometimes freezes for a second and it’s annoying for short expiry trades.
When I withdrew, it wasn’t “lost”, but it definitely wasn’t quick. The site mentions approval can take days and in my case it used basically the full time: I submitted a withdrawal (USDT) and it stayed pending until day 5. No clear reason, no status updates beyond “processing”.
If you’re okay with waiting and you only move crypto, it may work, but I wouldn’t plan any urgent cash-outs around it.
Withdrawal of FundsGeneral Impression
F
fx_matt India
"Easy to use, but the pricing felt off at times"I used Quotex for a couple weeks on the web platform. It’s simple and loads fast even on mobile data, and order execution is basically instant for short expiries. But the price feed bothered me a few times: on fast moves (gold and one of the indices), the candle on Quotex looked a bit different from what I had on another charting app, and it changes the result when you’re trading 1–5 minute binaries.
Also, don’t expect deep tools. Indicators are basic, no real depth on history, and you end up guessing more than analysing. For a casual test account it’s fine, but for serious trading it felt too “game-like”.
General ImpressionSecurity and Privacy
N
Naveed Pakistan
"Withdrawal turned into a week of waiting"I started with a small USDT TRC20 deposit (10 USDT minimum is fine) and trading itself looked smooth, but the first withdrawal is where things got ugly. I requested 120 USDT (their minimum for crypto withdrawal is 50), and the status just sat on “processing” with no timeline. After 3 days I contacted support via chat and got copy‑paste answers like “please wait for approval”. On day 5 they suddenly asked for extra verification even though I had already uploaded my ID earlier. The request was finally marked “rejected” without a clear reason, and I had to submit again. Execution on the platform is fast, but if you can’t get money out reliably, it doesn’t matter. For me this was a 1/3 experience.
Withdrawal of FundsSupport Service
RK
Rajan K. Nepal
"Deposit was quick, withdrawal wasn’t"Started with a small $50 deposit on Quotex using USDT TRC20 because my bank card adds a nasty NPR→USD conversion fee. Deposit showed up in under 5 minutes. Trading is the usual binary setup; on EUR/USD the payout was mostly 75–82% during London hours and the price feed sometimes spikes right at the candle close. The problem was the cash-out: I requested $120 to the same USDT TRC20 wallet and it sat on "processing" for 3 days, then went to "approved" and arrived a few hours later. Support chat answered, but it was copy-paste ("wait 1-5 business days") and didn’t explain why the delay. Not a total disaster, just not smooth.
Withdrawal of FundsSupport Service
F
fx_matt Canada
"Easy to use platform, but the pricing felt off"Quotex is simple enough on mobile and the interface is clean, but the trading experience made me skeptical. On a few fast moves (EUR/USD and gold) the candles on their chart didn’t match what I was seeing elsewhere, and the entry price would “jump” right as I clicked. On binary options that’s basically the whole game.
I deposited with a Visa in CAD and it showed up as USD; the conversion was handled by my bank, and the total charged was a bit higher than I expected. Execution itself wasn’t freezing, but it didn’t feel instantaneous either.
Security-wise I didn’t notice any obvious 2FA option, just email/password and verification prompts. Support answered in chat, but it was mostly canned responses and links to FAQ pages.
I can’t call it a total scam based only on my short test, but I wouldn’t keep a serious balance there.
General ImpressionSecurity and PrivacySupport Service
SK
Sana Khan Pakistan
"Hard to trust without clear regulation"Quotex is easy to open and the interface is beginner-friendly, but I couldn’t find anything solid about who regulates them or what legal entity is behind the platform. That matters a lot when you’re sending money overseas or in crypto. They pushed me into KYC quickly: ID + selfie, and I wasn’t comfortable with how vague the privacy wording felt. Another thing: I didn’t see an obvious extra security option beyond a password, so I kept my balance low. Trades execute quickly for a binary platform, but I treat this as a “test only” account, not a place to park funds. If you’re in my region, use extreme caution and don’t deposit more than you can afford to lose.
RegulationSecurity and Privacy
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Mina from Dubai United Arab Emirates
"Fast deposit, messy cash-out flow"I’m based in Dubai and tried Quotex mainly for quick binary trades. The web platform loads fast and order placement is basically instant, but the interface feels a bit “game-y” and I wouldn’t call it professional.
Deposited with a Visa card (minimum was $20) and the card fee ended up around 2.5% on my bank statement. Funding was instant.
Withdrawing was the part that stressed me. I requested a small withdrawal via USDT TRC20 (min $50) and it sat in “processing” for almost two days. Support chat replied after a few hours, not minutes, and mostly pasted generic steps (“wait for approval, check KYC”). The USDT did arrive, but the waiting + vague answers makes me keep balances low.
Withdrawal of FundsSupport ServiceGeneral Impression
LH
Liam H. United Kingdom
"Withdrawal turned into a week of waiting"I started on Quotex because the interface is simple and the trades open instantly, but the first withdrawal killed my confidence. I deposited by Mastercard (charged in USD, my bank did the FX conversion) and everything showed up straight away. When I tried to withdraw $120 in USDT TRC20 (min is $50), the status sat on “processing” for 4 days.
On day 5 they asked for extra verification and screenshots of my deposit card and wallet address. I sent it the same evening. Support chat replied, but it was mostly copy‑paste lines like “please wait, your request is in queue”. The money eventually arrived on day 7, but the whole thing felt like they can slow you down whenever they want. After that I stopped adding funds.
Withdrawal of FundsSupport ServiceGeneral Impression
RS
Rohit S. India
"Withdrawal took longer than promised"Opened a Quotex account mainly to test small binary trades on forex pairs. Deposit with USDT TRC20 (50) showed up fast, within minutes. Trading itself is “ok” but the payouts jump around (I was seeing 75–85% on EUR/USD most of the time).
The problem started when I tried to withdraw. The minimum for crypto withdrawal is 50, so I requested 70 USDT TRC20. Status stayed on “processing” for 4 days. Support chat kept repeating that withdrawals can take 1–5 days and asked for extra screenshots of my wallet address. When it finally arrived, the amount was correct, but the wait + copy‑paste support answers killed my confidence.
Withdrawal of FundsSupport ServiceGeneral Impression
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Rafiq H. Bangladesh
"Withdrawal worked, but the waiting didn’t"Deposited 30 USDT (TRC20) and it showed up in under a minute. The web terminal is simple and 1-minute binaries execute instantly, but the payout % jumps around a lot during news. My issue was withdrawal: the minimum for USDT is $50, so I topped up to cash out 70 USDT. Status stayed 'processing' for 4 days. Support kept sending canned replies like 'wait 1-5 business days' and didn’t tell me anything specific. On day 5 it finally arrived to my wallet, but that delay killed my confidence and I stopped keeping money there.
Withdrawal of FundsSupport Service
ST
Suman Thapa Nepal
"Usable platform, mixed support"I’ve been using Quotex on the web platform (Chrome) for about a month. Execution on 1-minute binaries is fast enough for me—click to confirmation is usually under a second, and orders don’t re-quote, but the entry price can be a couple of points off when volatility jumps. Asset list is okay: majors, some gold/oil, and a handful of stocks/indices, nothing deep. I deposited $30 via Binance Pay and it was instant. What surprised me is support: the first time I asked about chart freezing, they replied in 10 minutes with a browser cache tip and it helped. The second time (payout percentage changing mid-session) it took a day and the answer was vague. Overall usable, but you need to babysit it.
General ImpressionSupport Service
BR
Bilal R. Pakistan
"Deposit was instant, platform felt glitchy"I deposited $50 using my Visa card and it showed up almost instantly, but my bank charged a noticeable card processing fee (so don’t expect it to be “free”). The trading screen is clean and orders open fast, yet I had a couple of moments where quotes froze for a few seconds during volatility and that’s dangerous for short-term binary trades. I also don’t like that there’s no transparent “spread” concept here, it’s basically payout vs loss and the payout changed depending on the asset/time. Withdrawal: I tried Perfect Money for $200 and it took about 3 days to arrive, which is within the 1–5 day window they mention, but still slower than I expected. Overall it’s usable, but I wouldn’t rely on it for serious size.
General ImpressionWithdrawal of Funds
A
Ananya India
"Regulation info felt vague"What made me uncomfortable with Quotex wasn’t the interface, it was the lack of clear regulation details. On most brokers you can quickly verify a license number and which authority covers your account. Here it felt like a lot of generic text and links that don’t really answer “who is responsible if something goes wrong?”.
They pushed me to complete KYC early (ID + selfie). I’m not against verification, but I didn’t see strong explanations about data storage or how long they keep documents. Combined with the binary options model, it just doesn’t feel like a place to park serious money.
RegulationSecurity and PrivacyGeneral Impression
AFK
Anna from Kathmandu Nepal
"Security feels thin for real money"Quotex looks slick on the surface, but I got uncomfortable with the security side. After a week they asked for full KYC (ID + selfie) before letting me withdraw even a small amount, and the upload page failed twice on mobile. There’s no obvious 2FA option in the settings, only email confirmations, so I changed my password and stopped keeping funds on the account. Also, the platform logs you out randomly and the "new device" emails come late, which defeats the purpose. As a place to test quick binary ideas it’s fine, but I wouldn’t treat it like a serious broker where you park money.
Security and PrivacyGeneral Impression
N
Nusrat Bangladesh
"Feels unregulated and that shows"I couldn’t find a real regulator behind Quotex. The site talks about safety but there’s no license number I can verify, and no listed office address. Trading itself feels like a binary-options game: you pick direction + expiry, and the 'payout' is basically your cost. On EUR/USD I saw the quote lag a bit compared to my FX feed, which is a big deal on 30s/1m trades. From Bangladesh it’s tempting because deposits are easy, but without clear oversight I wouldn’t treat it like a serious broker.
RegulationGeneral Impression
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Sophie Grant United Kingdom
"Hard to trust without clear oversight"My main issue with Quotex is the lack of clarity around who actually regulates them. I’m in the UK and I couldn’t find anything that looks like FCA authorisation or a proper licence number on the site, just generic wording. That alone makes me treat it as “money I can afford to lose”.
On the privacy side, they pushed for verification pretty quickly once I tried to do anything beyond a small deposit. Uploading passport + selfie to a platform that doesn’t show strong regulatory backing is not a great feeling. I did get login notifications by email, which is good, but there’s no comfort if something goes wrong. Overall it feels more like an app than a serious broker, and that’s fine for a demo, not for real funds.
RegulationSecurity and PrivacyGeneral Impression
YK
Yusuf K. United Arab Emirates
"No clear license, and that matters"I opened a Quotex account because it’s popular in the region, but the more I looked, the less comfortable I felt. I couldn’t find a clear regulator or license number that I can verify, and there’s no real office address shown anywhere I’d trust.
On the privacy/security side, they pushed me to upload ID documents as soon as I tried to withdraw, which is normal, but the process felt like a black box. I also didn’t see an obvious 2FA option in the settings, just email/password. That’s not enough for something holding your money.
Trading itself is simple (binary-style), charts are okay, but I’m not keeping more than “testing” funds there. For me the risk is not the platform speed, it’s the lack of transparent oversight.
RegulationSecurity and PrivacyGeneral Impression
KV
Kunal Verma India
"Support answered, but only after chasing"My experience with Quotex support was mixed. I had a Visa deposit fail once (money reversed by my bank later), but in the app it stayed “pending” for hours. Live chat didn’t pick up quickly; I got a first reply after about 30 minutes, and it was mostly scripted steps.
To be fair, after I emailed the transaction reference and screenshot, they updated the status the next day and the balance matched. Trading platform is smooth, but I don’t like needing to chase basic payment issues. If you’re depositing by card, keep your bank SMS/statement handy because they will ask for proof.
Support ServiceGeneral Impression
N
Nadia United Arab Emirates
"Support answers, but it feels like a script"My main issue with Quotex wasn’t the trading tab, it was everything around the account. After a password reset, my login kept looping back to the sign-in page on mobile. I contacted support via chat and then email; chat took roughly 6 hours to respond and email was next day. Both replies were basically the same checklist and didn’t address the actual bug until I sent screenshots.
From a security angle, I’m not a fan of how limited the controls are. I couldn’t find proper 2-step verification, and sessions on different devices weren’t clearly listed, so I had no easy way to log out everywhere.
Eventually I got access again, but the whole experience didn’t inspire confidence for a platform that handles deposits and withdrawals.
Support ServiceSecurity and Privacy
AFL
Anna from Leeds United Kingdom
"Crypto in/out works… until it doesn’t"Funding was easy: I sent a small amount of USDT BEP20 (min $10) and it credited quickly. First withdrawal was also okay: I pulled $80 to USDT TRC20 and it landed the next day. The second time I requested $200, the request sat pending and the estimated “approval” window of 1–5 days suddenly felt very real.
They didn’t charge a platform fee, but you still eat the network cost, so repeated withdrawals are annoying. After 5 days I got prompted again for verification, even though nothing changed on my side. I’m not saying they will never pay, but the inconsistency is the problem. If you’re in the UK and used to faster card/transfer withdrawals elsewhere, this feels like a step backwards.
Withdrawal of FundsSecurity and Privacy
TR
Tanvir Rahman Bangladesh
"Card cashout failed, crypto worked (slowly)"Tried to cash out to Visa first (same card I used to fund). The request got approved only after 3 days, then it was cancelled with a note saying 'payment provider error'. No other details. I switched to USDC on BEP20 since the withdrawal minimum is $50 and fees are shown as 0% on their side. The crypto transfer did arrive, but the approval stage still took 2 full days before it was sent. With a platform that doesn’t show clear regulation or who is actually running it, these payment hiccups feel risky. Keep your balance small and don’t assume withdrawals will be instant.
Withdrawal of FundsRegulationGeneral Impression
DP
Daniel Price United Kingdom
"Support answers fast, but not with answers"I contacted Quotex support before depositing because I wanted straight answers on regulation and what protections exist for clients. The live chat replied in about 10 minutes, which sounds good, but the actual replies were vague. When I asked where the company is licensed and what happens in a dispute, they kept pointing me to the FAQ and avoided specifics.
I also asked about card deposits (Visa/Mastercard) and whether withdrawals go back to the same card. The agent said “usually yes” and then switched to telling me crypto withdrawals are “faster”, without explaining the approval time. That kind of conversation doesn’t build trust.
The platform itself looks polished, but if you’re putting real money in, support and transparency matter more than a clean UI. For me it’s a pass.
Support ServiceRegulationGeneral Impression
OA
Omar Alami United Arab Emirates
"Okay for demo/testing, not for serious money"Quotex is easy to start with: demo mode is instant, the web terminal runs fine on a laptop, and the asset list (FX, metals, indices, a few stocks) is enough for basic binary setups. Execution feels immediate most of the time.
But the overall impression is still “high risk”. I don’t see strong regulation details that I can independently check, and that’s a deal breaker if you want to scale. Also, card payments (Visa/Mastercard) worked for me, but between bank fees and the platform’s rules, it’s not the kind of place where I’d park funds.
If you treat it like a small, speculative tool and withdraw profits frequently, it might be usable. As a main broker? Not for me.
General ImpressionRegulation
F
fx_matt Nepal
"Regulation is the big red flag"Couldn’t find a clear regulator behind Quotex. The site talks about rules, but there’s no license number I can verify and no real office address. That matters because if something goes wrong, you’re basically arguing with a support ticket. They also block a long list of countries, which to me is another sign this is operating in a gray zone. I used it for a short period and then closed the account because I don’t want to trade binaries with an unregulated counterparty.
RegulationGeneral Impression
R
Rakesh India
"Good Platform, But Bonus Policy Needs Clarity"The interface is clean and withdrawals work fine, yet my deposit bonus vanished with zero explanation. Still usable, just don’t rely on promos.
Trading PlatformWithdrawal of FundsBonuses
R
Rao India
"Two Years, Zero Withdrawal Drama"I opened my account in 2023 and haven’t seen a single hiccup since. Every payout is prompt, and the support team actually listens. After two solid years, I’m confident raising my stake.
General ImpressionWithdrawal of FundsSupport Service
SS
Sohel S. India
"Lightning-Fast UPI Payouts"Three withdrawals this week - each landed in my Indian bank in under two minutes. Deposits are just as smooth, and live chat solves issues on the first try. Quotex has become my ‘instant-cash’ tool of choice.
Withdrawal of FundsAccount FundingSupport Service
A
Arjun India
"Low $10 Entry & No Hidden Fees"Jumping in took just ten dollars, and I’ve never been surprised by fees. Tight spreads and quick chart tools make short-term trades painless. A great starting point for new binary-options traders.
Spread and CommissionTrading PlatformGeneral Impression
P
Priya India
"All the Indian Payment Rails I Need"UPI, Paytm, even crypto - the platform lets me fund and cash-out in whatever way suits the day. Most withdrawals clear in 1–5 business days, which beats many competitors.
Founded in 2019, Quotex operates in the digital (binary) options segment and provides a web terminal and apps. However, public information on regulation and legal accountability is not fully clear: open materials and documents may contain inconsistencies around companies/jurisdictions, making it harder for users to understand who is responsible and where to turn in case of disputes.
Quotex Review Summary
Overall Rating
3.5
Reliability and Regulation
1
Account Opening
5
Account Types
4
Commissions
5
Deposit and Withdrawal
4
Markets and Products
3.5
Trading Platforms
4
Analytics
3
Education
2
Customer Support
2
Reliability and RegulationWe rate Quotex’s reliability as low: regulatory status and legal entity details lack clarity. This increases risk and may limit customer protection in disputes.
In our review, we apply a rigorous and reasoned evaluation methodology to provide you with the most accurate and objective portrayal of the Quotex broker's operations. This methodology analyzes various aspects such as platform functionality, customer support quality, trading conditions, transparency, and many other criteria.
You can familiarize yourself with our broker evaluation methodology to understand how we conduct our assessment and what criteria we consider.
We aim to deliver a comprehensive and detailed analysis so you can make an informed choice. We aim to provide you with all the necessary information for thriving and secure trading.
Now that you know how we evaluate brokers, we invite you to read our review further. Discover all the details about Quotex and determine whether this broker is the right choice for you.
Reliability and Regulation
Rating:1/5
Legal Entity
Regulator
ON SPOT LLC GROUP
ON SPOT LLC GROUP
-
One of the most important factors when choosing a broker is regulatory transparency and legal accountability. With Quotex, we see red flags:
no clear, easily verifiable regulation in top-tier jurisdictions for retail clients;
documents/website may contain different company references, making it harder to understand which legal entity services the client;
in case of issues or disputes, user protection and recourse may be limited.
Bottom line: we rate Quotex’s reliability as low and consider the platform higher risk. If you still decide to try it, start with small amounts, test withdrawals early, and keep records of all communications/receipts.
The account opening process on the Quotex platform is one of the simplest and quickest in the market. Registration takes a minimum of time and requires only a small amount of personal information.
Registration
To open a trading account, you need to fill out a registration form that requires:
to specify your email,
to create a password,
to select the currency of the trading account,
confirm that you are over 18 and have read the client agreement.
Quotex Registration form
For user convenience, registration is also possible through Facebook or Google accounts, which speeds up the process and makes it even more user-friendly.
It is important to note that Quotex services are not available to residents of several countries, including the USA, Canada, Hong Kong, countries of the European Economic Area, and Russia. Registration is also prohibited for individuals under the age of 18.
Trading Account Currencies
Quotex offers a wide selection of currencies for your trading account. This provides flexibility for traders from different countries. After registration, the account currency can be changed.
Currency Name
Ticker
US Dollar
USD
Euro
EUR
British Pound
GBP
Brazilian Real
BRL
Indonesian Rupiah
IDR
Malaysian Ringgit
MYR
Indian Rupee
INR
Kazakhstani Tenge
KZT
Russian Ruble
RUB
Thai Baht
THB
Ukrainian Hryvnia
UAH
Vietnamese Dong
VND
Nigerian Naira
NGN
Egyptian Pound
EGP
Mexican Peso
MXN
Japanese Yen
JPY
Bangladeshi Taka
BDT
Verification
After registering on the Quotex platform, you will need to complete your profile by providing the following personal information:
First Name
Last Name
Date of Birth
Country
Address
You will receive an email notification and SMS alert if necessary for verification. The company will use only your contact details (email address and phone number) at registration. Therefore, it is essential to provide only accurate and current information.
The verification process takes no more than 5 working days from the receipt of the requested documents. This is a standard term; in most cases, verification proceeds quickly and without problems.
Minimum Deposit
The minimum deposit on the platform is only $10. This amount is among the lowest in the market, allowing beginners and experienced traders with limited budgets to enter trading quickly.
Account Types
Rating:4/5
The broker offers a high maximum profit percentage and flexible trade limits, but a limited expiration time range may not meet the needs of all traders. Some binary options brokers provide longer expiration terms, up to the end of the day or even up to 3 months.
These factors make Quotex a competitive solution in the binary options market for short-term trading but may limit its appeal for those seeking longer investment horizons.
Binary Options
Binary options are derivative financial contracts based on various underlying assets, such as currency pairs, stocks, or commodities. Quotex also offers digital options, a non-standard option allowing traders to profit from asset price movements.
Quotex allows you to trade digital options under the following conditions:
—
Trading Assets
Forex
Stocks
Commodities
Expiration times
1 minute - 4 hours
Profitability
20-91%
Minimum Trade
$1
The option's expiration time can be set to a specific time - in increments of 1 minute and up to 4 hours from the current time or set the duration of the trade (from 1 minute to 4 hours).
In the event of a successful trade, the payout is permanently fixed. The risks are limited only to the amount invested in the option, making this instrument relatively safe for traders.
Demo Account
The Quotex demo account provides a unique opportunity for traders to familiarize themselves with the trading platform's functionality without the risk of losing real funds. This account is entirely free and designed to demonstrate all the possibilities offered by the platform.
Quotex, a digital options broker, provides $10,000 for practice on the demo account. The demo account can be replenished at any time.
Quotex Demo Account
Account Levels
Quotex offers various account levels, each offering unique benefits and conditions for traders.
Account Level
Access
Yield Percentage
Extras
Standard
Immediately after registration
Basic percentage +2%
-
PRO
Balance from $3,000
Enhanced percentage +4%
Promo codes from Market in newsletters and promotions
VIP
Balance from $5,000
Enhanced percentage +4%
Promo codes from Market in newsletters and promotions
An account level depends on your experience, balance, and trading needs. Each level offers benefits, from increased yield percentages to exclusive promo codes.
Tournaments
Quotex trading platform tournaments offer a unique opportunity for traders to compete against each other and win valuable prizes. In a tournament, each participant is provided with a particular tournament account with an equal amount of conditional units. The goal of each participant is to increase this balance by trading within the tournament.
Each tournament may have its entry fee, which directly affects the size of the final prize pool. There are also tournaments with free participation on the platform sometimes.
Prize funds are credited to the participant's account within a day after the tournament ends.
The winner is the participant who has the most significant amount on the tournament account at the end of the tournament.
Tournaments on Quotex offer an excellent opportunity to test your trading skills in a competitive environment and win valuable prizes. This adds an element of excitement to the trading process, making it even more attractive.
Quotex Tournaments
Quotex Market and Bonuses
The Quotex market offers various promo codes and bonuses that can significantly enhance your trading experience and increase your earning potential. Here are some of them:
Trade Cancelation. The promo code allows you to cancel a losing trade. Only unhedged trades whose amount does not exceed the maximum for your promo code can be canceled.
Cashback. Compensation of a certain percentage of the loss. Valid during the promo code term.
Deposit Bonus. Additional funds on deposit. The bonus size depends on the promo code and can be 10% to 80%.
Turnover Percentage. A return of a certain percentage of funds for each opened trade.
Balance Bonus. The ability to instantly transfer bonus funds to the balance.
Cancellation in X points. Automatic cancellation of losing trades with a difference of a few points. Your promo code determines the number of points.
Quotex Market
Commissions
Rating:5/5
Quotex offers excellent conditions for traders, charging no trade commissions or spreads. This significantly reduces trading costs and increases potential profit. Moreover, there are no fees for depositing or withdrawing funds, which makes financial operations on the platform even more attractive.
No Trading Commissions
Unlike most Forex brokers, Quotex does not charge trade commissions or spreads. This means that traders can save considerable funds, increasing their potential profit.
No Fees for Deposits and Withdrawals
The company also does not charge fees for account deposits or withdrawals, making the process even more economically advantageous for clients. However, it should be remembered that payment systems may set their fees and use an internal currency conversion rate.
Quotex Earning Model
Many may wonder, "How then does Quotex earn money?". The answer is simple: the primary income for Quotex is the trading outcomes of its clients. If traders' deals are unsuccessful, the funds go to the broker.
Despite this, Quotex prioritizes the success of its clients, offering quality service, educational materials, and other services to attract and retain customers.
Risks
It is important to remember that trading binary options is always associated with risks. Every trader should know these risks before starting to trade on the platform.
Deposit and Withdrawal
Rating:4/5
Quotex offers many methods for depositing and withdrawing funds, including bank cards, cryptocurrencies, and electronic payments. However, the inability to use bank transfers may be a significant drawback for some traders who prefer this method for more considerable sums.
The minimum amount for deposits and withdrawals is only $10, and the company charges no fees. The processing time for withdrawal requests is also quite reasonable, ranging from 1 to 5 business days.
How to deposit funds?
Open the trade execution window and click the “Deposit” button.
Choose the deposit method that is convenient for you.
Specify the account currency and deposit amount.
Fill in the payment details and make the payment.
How to deposit to Quotex
Deposit Methods
Payment System
Currencies
Deposit Fee
Operation Limit
FKWallet
USD
0%
from 10 to 149 USD
YooMoney
RUB
0%
from 20 to 499 USD
Perfect Money
USD
0%
from 10 USD
Binance Pay
USD
0%
from 10 to 52626 USD
Visa
USD
0%
from 20 to 599 USD
Mastercard
USD
0%
from 20 to 599 USD
Cryptocurrency
Blockchain
Deposit Fee
Operation Limit
USDT
(Tether)
ERC20
0%
from 10 USD
USDT
(Tether)
TRC20
0%
from 10 USD
USDT
(Tether)
BEP20
0%
from 10 USD
USDT
(Tether)
Polygon
0%
from 10 USD
USDC
(USD Coin)
ERC20
0%
from 10 USD
USDC
(USD Coin)
TRC20
0%
from 10 USD
USDC
(USD Coin)
BEP20
0%
from 10 USD
BTC
(Bitcoin)
BTC
0%
from 50 USD
ETH
(Ethereum)
ERC20
0%
from 50 USD
BNB
(Binance Coin)
BEP20
0%
from 10 USD
LTC
(Litecoin)
LTC
0%
from 10 USD
BCH
(Bitcoin Cash)
BCH
0%
from 10 USD
TRX
(TRON)
TRC20
0%
from 10 USD
DASH
(Dash)
DASH
0%
from 10 USD
MATIC
(Polygon)
Polygon
0%
from 10 USD
DOGE
(Dogecoin)
DOGE
0%
from 10 USD
XRP
(Ripple)
XRP
0%
from 10 USD
DAI
(Dai)
ERC20
0%
from 10 USD
SHIB
(Shiba Inu)
ERC20
0%
from 10 USD
UNI
(Uniswap)
ERC20
0%
from 10 USD
AVAX
(Avalanche )
Avalanche
0%
from 10 USD
APE
(ApeCoin)
ERC20
0%
from 10 USD
TON
(Toncoin)
TON
0%
from 10 USD
ZEC
(Zcash)
ZEC
0%
from 10 USD
DOT
(Polkadot)
DOT
0%
from 10 USD
How to withdraw funds
Withdrawals are made through the personal cabinet. The method of withdrawal should match the method of deposit. The processing time for withdrawal requests varies from 1 to 5 working days. For cryptocurrencies, the minimum withdrawal amount starts from $50.
Additional documents for fund withdrawal are usually not required. However, in case of doubt, the company may request personal data verification.
Withdrawal methods
Payment System
Currencies
Withdrawal Fee
Operation Limit
FKWallet
USD
0%
from 10 USD
YooMoney
RUB
0%
from 10 USD
Perfect Money
USD
0%
from 10 USD
Binance Pay
USD
0%
from 10 USD
Visa
USD
0%
limitscommission limits
from 20 USD
Mastercard
USD
0%
limitscommission limits
from 20 USD
Cryptocurrency
Blockchain
Withdrawal Fee
Operation Limit
USDT
(Tether)
ERC20
0%
from 50 USD
USDT
(Tether)
TRC20
0%
from 50 USD
USDT
(Tether)
BEP20
0%
from 50 USD
USDT
(Tether)
Polygon
0%
from 50 USD
USDC
(USD Coin)
ERC20
0%
from 50 USD
USDC
(USD Coin)
TRC20
0%
from 50 USD
USDC
(USD Coin)
BEP20
0%
from 50 USD
BTC
(Bitcoin)
BTC
0%
from 50 USD
ETH
(Ethereum)
ERC20
0%
from 50 USD
BNB
(Binance Coin)
BEP20
0%
from 50 USD
LTC
(Litecoin)
LTC
0%
from 50 USD
BCH
(Bitcoin Cash)
BCH
0%
from 50 USD
TRX
(TRON)
TRC20
0%
from 50 USD
DASH
(Dash)
DASH
0%
from 50 USD
MATIC
(Polygon)
Polygon
0%
from 50 USD
DOGE
(Dogecoin)
DOGE
0%
from 50 USD
DAI
(Dai)
ERC20
0%
from 50 USD
SHIB
(Shiba Inu)
ERC20
0%
from 50 USD
APE
(ApeCoin)
ERC20
0%
from 50 USD
TON
(Toncoin)
TON
0%
from 50 USD
AVAX
(Avalanche )
Avalanche
0%
from 50 USD
UNI
(Uniswap)
ERC20
0%
from 50 USD
XRP
(Ripple)
XRP
0%
from 50 USD
ZEC
(Zcash)
ZEC
0%
from 50 USD
DOT
(Polkadot)
DOT
0%
from 50 USD
Markets and Products
Rating:3.5/5
Compared to its competitors, Quotex offers less variety in terms of trading instruments. This could diminish the interest of potential clients seeking broader options for diversifying their investment portfolio.
The platform for trading digital options offers various assets, although the selection is somewhat lacking. For instance, there are 24 currency pairs available, most of which are oddly marked as "OTC" (Over The Counter), raising questions, especially considering that the review is conducted during Forex trading hours.
As for commodities, it is possible to trade gold, silver, and two types of oil: Brent and WTI. However, all these assets are also marked as OTC, which might be inconvenient for some traders.
The "Stocks" section features 8 major American stocks and 13 stock indices, which may interest those looking to diversify their portfolio.
However, it should be noted that the "Cryptocurrencies" tab on the platform is empty, limiting opportunities for trading in this popular segment.
Trading Platforms
Rating:4/5
The Quotex web platform is quite functional and user-friendly, offering various technical analysis and trading tools. However, limiting only web and Android versions reduces the overall rating. The absence of desktop and mobile versions can be a significant disadvantage for traders who prefer various options for accessing the trading platform.
Quotex Platform
The Quotex web platform has several advantages, making trading and technical analysis convenient. To the left of the chart is a sentiment scale, which can be helpful when making trading decisions. The trading terminal has intuitive buttons on the right for selecting the trade direction (up or down), expiration time, and investment amount.
Quotex Platform
The platform for trading digital options also allows setting pending orders.
Quotex pending orders
There are 23 tools available for drawing, including support and resistance levels, trend lines, Fibonacci levels, Gann angles, and various figures of technical analysis such as triangles, rectangles, double tops, etc.
Additionally, you can use 11 trend indicators, including the Alligator, Bollinger Bands, and other moving averages, and 18 oscillators: Stochastic, RSI, MACD, and so forth.
Technical analysis on Quotex platform
Despite these advantages, the lack of desktop and mobile platform versions can be a limiting factor for some traders.
Analytics
Rating:3/5
The "Analytics" section on the Quotex platform provides essential tools for analyzing one's trading, including statistics on various indicators. This can be useful for traders looking to improve their skills. Nonetheless, analytical materials such as market news or in-depth analysis from experts are lacking. Trading signals are available but serve only as general recommendations and do not substitute for comprehensive analysis.
Trade Statistics
In the "Analytics" section on the Quotex platform, traders can find extensive trade statistics. These data include general information about the number of trades, profitable trades, average profit, and other vital indicators. However, it is essential to note that this statistic is only available for the real account; information for the demo account is not provided.
Quotex Trade Statistics
Trading Signals
Furthermore, the platform is equipped with a trading signals feature. These signals are recommendations from analysts and have a time frame for relevance. They are not direct instructions for trading but can help make trading decisions. Nevertheless, it is essential to remember that signals do not replace independent market analysis and do not guarantee success.
Quotex Signals
Education
Rating:2/5
The absence of educational resources on the Quotex platform is a significant shortcoming, especially for newcomers to binary options trading. The site has a FAQ section for answering basic questions, but the lack of webinars, video tutorials, and interactive courses limits learning and trader development opportunities. This can slow down the learning process and increase the risks associated with trading, which may lead to potential losses, particularly for those just taking their first steps in this field.
Customer Support
Rating:2/5
The customer support service operates 24/7. However, communication channels are limited: there is only a form to create a ticket in the personal cabinet, and detailed contact information is lacking on the website. This could cause certain inconveniences for users who prefer other methods of communication.
Contact Information
In terms of availability, communication channels at Quotex are fairly limited: typically tickets/forms inside the account area, without transparent contact details or a clear escalation path.
Reviews of Quotex Support
Separately, based on our interaction with partner support, restrictions were applied in our case, but we did not receive clear explanations of the reasons or decision logic. As a result, our trust in support quality and process transparency decreased.
Conclusion
Quotex offers a simple interface and a low entry threshold, but the key risks outweigh the benefits: limited regulatory/legal transparency and concerns about support and communication. We removed Quotex from our rankings and do not recommend the platform for regular use. If you already use it, minimize risk: test withdrawals with small amounts and keep records of all transactions and communications.
FAQ
Is Quotex - scam or not?
We cannot state this as a fact without official regulator/court decisions, but in our assessment Quotex is a high-risk platform with signs of low transparency (limited clarity around regulation/accountability and weaker support predictability). Therefore, we do not recommend Quotex and have removed it from our rankings.
Which country is Quotex from?
Quotex is operated by ON SPOT LLC GROUP, which is registered in Vanuatu, an island nation located in the South Pacific Ocean.
How does Quotex make money?
Quotex makes money through the difference between the payout percentages and the loss percentages on trades. For example, if a trader loses a trade, Quotex keeps the invested amount. If a trader wins, Quotex pays out a percentage of the invested amount, which is always less than 100%.
Is Quotex good for beginners?
Yes, Quotex can be a good platform for beginners. It offers a user-friendly interface, a demo account for practice, and a low minimum deposit. However, beginners should always educate themselves about the risks involved in trading and start with small investments.
Does Quotex offer a demo account?
Yes, Quotex offers a demo account that comes preloaded with virtual funds. This allows traders to practice and test strategies without risking real money. The demo account provides access to all the features and assets available on the real platform.
How can I open an account with Quotex?
To open an account with Quotex, visit their website and click on the "Sign Up" button. Fill in the required personal information, choose your account currency, and agree to the terms and conditions. You'll need to verify your email address to activate your account.
How can I delete my Quotex account?
To delete your Quotex account, you need to contact their customer support team. You can do this through the ticket in the client area. The support team will guide you through the account deletion process.
What is the minimum deposit for Quotex?
The minimum deposit for Quotex is 10 USD. This low minimum deposit makes it accessible for traders with smaller budgets.
How do I deposit funds in a Quotex account?
To deposit funds into your Quotex account, log in and click on the "Deposit" button. Choose your preferred payment method, such as credit/debit card, bank transfer, cryptocurrency, or e-wallet. Follow the instructions to complete the transaction. Deposits are usually instant, except for bank transfers which may take a few business days.
How do I withdraw money from Quotex?
To withdraw funds from Quotex, log in to your account and click on the "Withdraw" button. Choose your preferred withdrawal method and enter the amount you wish to withdraw. You may need to verify your identity before your first withdrawal. Withdrawals are processed within 24 hours, but it may take a few business days for the funds to reach your account, depending on the payment method.
Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.
He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.
1.98 из 5
Singapore
Australia
Canada
Pakistan
Bangladesh
Nepal
India
United Kingdom
United Arab Emirates
FKWallet
USD
YooMoney
RUB
Perfect Money
Binance Pay
Visa
Mastercard
USDT
(Tether)
USDC
(USD Coin)
BTC
(Bitcoin)
ETH
(Ethereum)
BNB
(Binance Coin)
LTC
(Litecoin)
BCH
(Bitcoin Cash)
TRX
(TRON)
DASH
(Dash)
MATIC
(Polygon)
DOGE
(Dogecoin)
XRP
(Ripple)
DAI
(Dai)
SHIB
(Shiba Inu)
UNI
(Uniswap)
AVAX
(Avalanche )
APE
(ApeCoin)
TON
(Toncoin)
ZEC
(Zcash)
DOT
(Polkadot)
