Quotex foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://quotex.io/en/sign-up/, about the company's legal and temporary regulatory information, the company's address First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St. Vincent and Grenadines..
Quotex Forex Broker
Basic Information
Saint Vincent and the Grenadines
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Quotex Forex Broker - Complete Information Guide
1. Broker Overview
Quotex is a digital options broker that was established in 2019. The company operates under the name Awesomo Ltd, which is registered in Seychelles. As a relatively new player in the online trading landscape, Quotex has quickly gained traction among retail traders due to its user-friendly platform and competitive trading conditions. The broker primarily serves a global market, catering to individual traders interested in binary options and other financial instruments.
Quotex offers a range of services, including trading in various assets such as currencies, commodities, indices, and cryptocurrencies. The platform is designed to simplify the trading process, making it accessible to both novice and experienced traders. With a focus on transparency and efficiency, Quotex aims to provide a reliable trading environment.
The company has made significant strides since its inception, with a growing user base and a commitment to enhancing its services. Noteworthy milestones include the introduction of advanced trading tools and features that cater to the needs of its clients. Quotex operates as a private company, which allows it to maintain flexibility in its operations and adapt quickly to market demands.
Overall, Quotex broker positions itself as a viable option for traders looking for a straightforward and efficient trading experience.
2. Regulatory and Compliance Information
Quotex is regulated by the International Financial Market Relations Regulation Center (IFMRRC), which oversees its operations. While this regulatory body provides some level of oversight, it is not considered a top-tier regulator like the Financial Conduct Authority (FCA) or the Securities and Exchange Commission (SEC). The regulatory number associated with Quotex is not publicly disclosed, which raises concerns about the level of investor protection available.
The platform's licensing and regulatory oversight cover its operations in various regions, ensuring compliance with local laws. However, it is important to note that Quotex does not participate in investor compensation schemes, which could leave clients vulnerable in the event of financial difficulties faced by the broker.
Quotex implements Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures to ensure the integrity of its operations. These policies require traders to provide identification and verification documents before they can engage in trading activities, helping to prevent fraudulent activities and protect client funds.
In summary, while Quotex broker has regulatory oversight from IFMRRC, the absence of stringent regulation from major financial authorities highlights the need for traders to exercise caution when using the platform.
3. Trading Products and Services
Quotex offers a diverse range of trading products, primarily focusing on binary options. The platform provides access to over 100 currency pairs, including major, minor, and exotic pairs. Traders can engage in trading activities involving popular currencies such as EUR/USD, GBP/USD, and USD/JPY.
In addition to forex, Quotex also facilitates trading in various CFD products, including:
- Indices: Major global indices such as the S&P 500, Dow Jones, and FTSE 100.
- Commodities: Popular commodities including gold, silver, and oil.
- Cryptocurrencies: Major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
Quotex is known for its commitment to expanding its product offerings. The platform frequently updates its available assets and introduces new trading instruments to meet the evolving needs of its clients. Additionally, Quotex provides retail trading services, allowing individual traders to participate in the financial markets without the need for significant capital.
While Quotex does not currently offer institutional services or white label solutions, it focuses on empowering individual traders with the tools and resources necessary for successful trading.
4. Trading Platform and Technology
Quotex operates a proprietary web-based trading platform that is designed to be user-friendly and intuitive. The platform does not support MetaTrader 4 or 5, which may limit some advanced trading capabilities. However, it offers a range of features, including customizable charts, technical indicators, and market analysis tools.
The platform is accessible via modern web browsers, ensuring that traders can execute trades from any location. Quotex also provides a mobile application that is compatible with both iOS and Android devices, allowing users to trade on the go.
Quotex employs an automated execution model, which ensures that trades are processed quickly and efficiently. The company's server infrastructure is designed to support high-frequency trading, minimizing latency and enhancing the overall trading experience. Additionally, Quotex supports API access, enabling traders to utilize automated trading strategies.
Overall, the technology and infrastructure behind Quotex broker facilitate a seamless trading experience, catering to the needs of both novice and experienced traders.
5. Account Types and Trading Conditions
Quotex offers a single type of trading account that is accessible to all clients. The account requires a minimum deposit of $10, making it an attractive option for beginners. The trading conditions associated with this account include:
- Minimum Trade Size: The minimum trade amount is $1, allowing traders to start with small investments.
- Payouts: Quotex offers competitive payouts, with potential returns of up to 95% on successful trades.
- No Hidden Fees: There are no commissions or fees for deposits and withdrawals, ensuring transparency in trading costs.
In addition to the live account, Quotex provides a demo account that allows users to practice trading strategies without risking real money. The demo account is funded with $10,000 in virtual funds, enabling traders to familiarize themselves with the platform's features and tools.
Quotex does not offer specialized accounts, such as VIP or Islamic accounts, which may limit options for certain traders. However, the straightforward account structure simplifies the onboarding process for new users.
6. Funds Management
Quotex supports a variety of deposit methods, including:
- Bank Transfers
- Credit/Debit Cards
- E-Wallets: Such as Skrill and Neteller
- Cryptocurrencies: Including Bitcoin and Ethereum
The minimum deposit requirement varies by method, with most options starting at $10. Deposits are processed quickly, often within minutes, and there are no fees associated with funding accounts.
Withdrawals can also be made through the same methods used for deposits, with a minimum withdrawal amount of $10 for bank transfers and $50 for cryptocurrencies. The withdrawal process typically takes 1 to 3 business days, depending on the payment method chosen.
Quotex does not charge withdrawal fees, although third-party payment processors may impose their own fees. This structure allows for cost-effective management of funds, making it easier for traders to access their earnings.
7. Customer Support and Educational Resources
Quotex provides customer support through various channels, including:
- Email Support: Available for detailed inquiries.
- Social Media: Support is accessible via platforms like Telegram and Facebook.
- Help Center: A comprehensive FAQ section is available for common questions.
However, Quotex does not offer live chat support, which may affect response times for urgent inquiries. The customer support team is generally available 24/7, but feedback on responsiveness has been mixed.
In terms of educational resources, Quotex offers a limited selection of materials, including:
- Tutorials and Webinars: Covering basic trading concepts and platform usage.
- Market Analysis: Regular updates and insights on market trends.
- Trading Tools: Such as calculators and signal services.
While these resources can be beneficial for beginners, they may not be as comprehensive as those offered by more established brokers.
8. Regional Coverage and Restrictions
Quotex is accessible to traders from various countries, including major markets such as India, Mexico, and Brazil. However, it is important to note that the platform does not accept clients from certain regions, including the United States, Canada, and several European countries due to regulatory restrictions.
The availability of Quotex services may vary by region, and traders should be aware of local laws and regulations regarding binary options trading. While Quotex aims to provide a global service, potential users should conduct thorough research to ensure compliance with their respective jurisdictions.
In conclusion, Quotex broker offers a range of attractive features for traders, including a low minimum deposit, a user-friendly platform, and a diverse selection of trading instruments. However, the lack of stringent regulation and mixed feedback regarding customer support highlight the importance of conducting due diligence before engaging with the platform. As always, traders should prioritize safety and regulatory compliance when choosing a broker for their trading activities.
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Latest Reviews
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
01-04
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
2025-10-23
FX1724767121
Colombia
I haven't had any problems with withdrawals and deposits from Quotex so far. I think it's an easy-to-understand and minimalist app.
Positive
01-08
FX4226794202
Iran
My first deposit was in 30/03/2025. More than 8 months have passed since I first used Quotex . The platform itself is clean and fast. I mainly trade OTC pairs. They also give you a $10,000 demo account with unlimited refills, which help you test strategies before depositing real money. Deposits and withdrawals are the biggest plus for me. I use USDT. What stands out: *Withdrawals are fast. *The trading platform is smooth and modern. *$10 minimum deposit is beginner-friendly, and the $10,000 demo is unlimited – great for practicing new strategies. *$1 minimum trade size is a game-changer when you’re managing risk or testing new signals. *Bonuses are optional.
Positive
2025-12-05
Mr870
Saudi Arabia
I have good experience trading with them. The minimum deposit is only $10, and demo accounts are also available. Deposits and withdrawals are not a problem at all. I'm not sure why so many reviewers here complain about it. Just start with a small balance to try it out.
Positive
2025-10-14
Quotex
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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.
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.
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