Company Profile
| QuotexReview Summary | |
| Founded | 2020-01-06 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Currency Quotes, Stocks, Cryptocurrencies, Metals, Majors, Oil or Gas |
| Demo Account | ✅ |
| Leverage | / |
| Spread | / |
| Trading Platform | Quotex(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.
Pros and Cons
| Pros | Cons |
| Demo account available | Unregulated |
| 24/7 customer support | Restrictions on US traders |
| 30% bonus on first deposit | No live account and fee information |
| Some negative reviews |
Is Quotex Legit?
Quotex is not regulated, making it less safe than a regulated one.
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 Platform | Supported | Available Devices | Suitable for |
| Quotex | ✔ | Computer, Mobile | All traders |
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.
FX6496366282
Egypt
This broker is engaged in deliberate client extortion. On Feb 15, 2026, I deposited 550 EGP via Vodafone Cash. The server logged transactionand marked it as "Failed" at 11:27:43. However, my official telecom statement proves the money was successfully deducted 60 seconds later at 11:28:43. This means Quotex preset the rejection while keeping the local Egyptian gateway open to pocket my funds. For 4 months, they ignored full statements under ticket keeping my balance at ZERO. Today, when a formal legal notice was sent, they completely blocked my trading account with a fraudulent message saying it was "blocked by a regulator" to hide transaction history and steal funds. Full evidence submitted to FSA Seychelles. Avoid Quotex!
Exposure
FX2002255412
Argentina
Hello, I have transferred to Quotex via my Prex wallet and they tell me they haven't received it... Prex confirms to me that it was completed correctamente.Quotex refuses to provide a solution. I send them proof and they don't give me solucion.Solicito help please.
Exposure
FX1443191110
Colombia
I made a $200 deposit through Bre-B and now I can't withdraw it. I've tried several times, and they always say: "The payment was reversed by the financial provider. Funds are being returned to your trading balance. You specified an incorrect account number or entered it incorrectly. Please create a new withdrawal request and enter valid information. You can check with your bank for the account number. Please note that the form must be completed using only digits (no other symbols, commas, etc.)." It seems like they don't want to return the money.
Exposure
Yurismar Santiago
Colombia
Good afternoon, my problem is that I have tried to withdraw my balance six times from the platform and it returns the withdrawal saying that some data does not match, even though I have made sure to enter it correctly. They don't offer any solution other than to verify my data because they don't know which of my data is incorrect, and therefore they don't give me any solution.
Exposure
FX2865589942
Indonesia
I have made profit from quotex. So don't hesitate to trade on quotex
Neutral
FX3652615325
Argentina
As the days went by, I increased it to $3,370 and decided to withdraw. When I tried to log in again, they blocked me out of nowhere. I made the respective claim and they only allowed me to withdraw $680 for alleged abuse of the bonus they give you... even though at the time of withdrawal, the bonus is automatically canceled.
Exposure
FX3773438820
Iraq
I am an official affiliate partner of Quotex, not a trader. Quotex is unlawfully withholding my earned affiliate commissions totaling $24,340. These are legitimate marketing revenues shown in my affiliate dashboard, not trading losses. Despite multiple withdrawal requests, Quotex has deliberately blocked my funds without any valid reason. This is a clear case of financial fraud and breach of contract. I have now filed an official international fraud report with the FBI Internet Crime Complaint Center. FBI IC3 Case ID: 48aa0cec28b148b788d18d89c52eb8a8 This is no longer a private dispute. This is a registered international financial crime case. I strongly warn all affiliates and traders to stay away from this company.
Exposure
FX2279215115
Peru
I have experienced account manipulation. I am just starting out in trading and opened a $30 USDT trade, which was successful, and I had $150 USDT in my account. The next day, I logged into my account and saw that I only had $70 USDT left. a blatant theft. I contacted support, gave them my ID, and they pretended not to know anything. Personally, I do not recommend this broker; they are scammers.
Exposure
GopalKumar
India
On 19/09/2025, I deposited INR 4709.00 through the QR code provided by Quotex in order to add 50 USD to my trading account. The payment was successfully transferred and immediately debited from my savings bank account. However, Quotex has still not added this amount to my trading account. Despite sending several messages, I have not received any satisfactory reply to date. The support team often does not respond for many days. This issue is not only with me—most traders who make deposits face similar problems. Even during withdrawals, traders’ funds are frequently held back. When anyone raises a complaint, the support team simply does not reply. I have already attached the successful transaction receipt and bank statement details related to my deposit, but the financial department has still not credited the amount to my account. Therefore, I sincerely request you to resolve this issue at the earliest. Thanks, With regards, My Details are as under: ID: 14685618
Exposure
ahmed2423
Algeria
My Honest Review of Quotex (As a Trader) I've traded on Quotex, and here's my simple take. The Good Stuff: Super Easy to Use: The platform is clean and simple. If you're new to trading, you'll understand it in minutes. Start Small: You can begin trading with just $1, which is great for learning without big risk. Great for Practice: The free demo account is perfect for testing strategies with virtual money. Very Risky: Binary options are like gambling—you can lose your entire investment on a single trade in seconds. My Final Thought: Quotex is an easy and fun platform for practice. But for real money, it's extremely risky because it's unregulated. Be very careful. Only use money you are 100% prepared to lose.
Neutral
javier lopez
Argentina
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.
Exposure
FX3827052561
India
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 **$43,000** 2. Public apology for fraudulent practices 3. SVG FSA to revoke their license ### 💀 Warning to Traders: > "Quotex ALLOWS losses but BLOCKS profitable accounts. They stole 43k dollars from me. NEVER TRUST THIS SCAM BROKER
Exposure
Hung Ton
Vietnam
My funds have been debited from my wallet account, but not credited to my Quotex trading balance account Deposit #51630131 / 2024-03-27 07:13:36 / 100.00$ 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$.
Exposure
Lewis Manhattan
Argentina
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.
Exposure
khaled2052
Egypt
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
Exposure
Thanh Huyền
Nigeria
Don’t even get close to unregulated brokers, as an experience trader, this is my advice. They are just thieves. Some of my friends were scammed for not listening to me. Can you believe it?
Neutral
FX1196563903
United States
I found Quotex on the website advertisement a few weeks ago, so I opened a demo account to trade, and the situation is good. But I am a little worried because their regulatory situation seems negative, and I have not dared to trade with real money...
Neutral
FX4215964358
Hong Kong China
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!
Exposure