BrokersView
Search
Download
English
Sign In

Quotex

Save
Don't risk your money on Quotex! BrokersView exposes an unregulated platform, withdrawal problems, and scam accusations. Read our full review before you invest!
Quotex Review: Scam Alert! Unregulated & Withdrawal Issues

Operating status: SCAM

Website: https://quotex.com/en; https://qxbroker.com/; https://qxbroker.com/; https://quotex.io/; https://quotex.io/; https://partner.qxbroker.com/; https://rcinvest.xyz/

Broker violations and abnormal records
  • 2021-11-19 The Italy CONSOB Added Quotex into Its Warning List

    On 20th Dec 2021, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning against Quotex for offering investment, financial and insurance services without the required authorizations. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings/documenti/english/entutela/cns/2021/enct20211220.htm?hkeywords=Vigo+and+Co+Llc&docid=7&page=0&hits=215&nav=false

    On 20th Dec 2021, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning against Quotex for offering investment, financial and insurance services without the required authorizations. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings/documenti/english/entutela/cns/2021/enct20211220.htm?hkeywords=Vigo+and+Co+Llc&docid=7&page=0&hits=215&nav=false
  • 2022-12-18 BrokersView has Reviewed that Quotex is an Unregulated Broker

    Quotex claims to be owned and operated by Maxbit LLC, a company registered in St. Vincent and Grenadines. We indeed find a match result to Maxbit LLC in St. Vincent and Grenadines Financial Services Authority (SVG FSA). But SVG FSA is not a financial regulator that issues licenses for forex trading or regulates entities engaging in forex.

    More important, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning against Maxbit LLC for providing investment, financial services without required authorizations.

    The truth is, Quotex is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam. 

    Quotex claims to be owned and operated by Maxbit LLC, a company registered in St. Vincent and Grenadines. We indeed find a match result to Maxbit LLC in St. Vincent and Grenadines Financial Services Authority (SVG FSA). But SVG FSA is not a financial regulator that issues licenses for forex trading or regulates entities engaging in forex.More important, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning against Maxbit LLC for providing investment, financial services without required authorizations.The truth is, Quotex is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam.
  • 2023-01-02 The Portugal CMVM Added Quotex into Its Warnings

    On 3 Jan 2023, the Portuguese Securities Market Commission (CMVM) issued a warning that Quotex was not authorised to carry out any type of financial intermediation activity in Portugal. You may visit: https://www.cmvm.pt/en/SDI/FinancialIntermediaries/Pages/20230103d.aspx?v=

    On 3 Jan 2023, the Portuguese Securities Market Commission (CMVM) issued a warning that Quotex was not authorised to carry out any type of financial intermediation activity in Portugal. You may visit: https://www.cmvm.pt/en/SDI/FinancialIntermediaries/Pages/20230103d.aspx?v=
  • 2023-01-02 BrokersView has Found that Quotex is Using New Domains

    BrokersView has found that Quotex is using new domains to scam. They are:

    https://qxbroker.com/

    https://quotex.io/ 

    https://partner.qxbroker.com/ 

    https://rcinvest.xyz/

    BrokersView has found that Quotex is using new domains to scam. They are:https://qxbroker.com/https://quotex.io/ https://partner.qxbroker.com/ https://rcinvest.xyz/
  • 2023-09-26 BrokersView notices that the SVG FSA no longer includes information related to Quotex

    While Quotex remains claiming that it is operated by Maxbit LLC, which is registered in St. Vicent and the Grenadines, our search for the company in the register of the Financial Services Authority (SVG FSA) revealed that there isn't any information related to Maxibt LLC. This means its license with SVG FSA has been cancelled.

    While Quotex remains claiming that it is operated by Maxbit LLC, which is registered in St. Vicent and the Grenadines, our search for the company in the register of the Financial Services Authority (SVG FSA) revealed that there isn't any information related to Maxibt LLC. This means its license with SVG FSA has been cancelled.

Related Complaints

Q&A Complaints

My money's stuck in Quotex after requesting a withdrawal. Am I getting scammed?

zpunchclaos
Cambodia
2025-01-28
ANSWER Dear Investor, Quotex is a known scam platform, and we have received numerous complaints about withdrawal issues and malicious manipulation, accusing it of operating fraudulent schemes. We strongly advise against trusting Quotex any longer, as they may demand additional fees for withdrawals by preying on your urgency. Paying these fees could result in further losses. We suggest you report this matter to your local authorities. In addition, we encourage you to file a complaint on our platform. Our dedicated team will thoroughly review your case and diligently explore any potential solutions. Rest assured, we are always here to support you. Lastly, beware of recovery room scams where unsolicited messages claim they can recover your money for a fee. These fraudsters aim to exploit victims of investment scams by capitalizing on their wish for refunds.
See more

Quotex blocked my account, how can I get my money back.

Albi Qorrolli
United Kingdom
2025-03-11
ANSWER Dear Investor, We are sorry to hear about your unfortunate experience with Quotex. As you may already know, Quotex has been flagged as a fraudulent trading platform by us due to its suspicious financial activities. Various financial regulators have also issued warnings against Quotex, further solidifying its reputation as a scam. Quotex is not regulated, making it challenging to hold them accountable. We recommend contacting your local authorities to report the scam. In addition, file a complaint on our platform. Our dedicated team will thoroughly review your case and work diligently to seek if there are any potential solutions or helpful suggestions. This will also help raise awareness among other potential investors.
See more

101 comments

Sk pandey
IAt 13th March 2025 time 11.41 gmt I deposit money from my wallet to QUOTEX account.after that I made the profit and when again I make withdrawal request quotex closed my account saying that my account has been closed due to violation of clauses 2.5.1of the rules of trading operations and clauses 7.12.10 and 12.7 of the service agreement. I had the proof that I don't use automated software or automated bot.please restore my account and my funds get back becuase I had not violated any rules and never use any automated bot. I trade with my experience and I had all the proof of it .with there is 100000$ in my quotex account I had all the screenshot of profit and I made the video proof of it .quotex is biggest scam
17 hours ago
Reply
Sk pandey
Quotex is biggest scam. I made the decent profit then while withdrawal they closed my account saying I use automated bot but I never use such bot and I had all the proof of it.
17 hours ago
Reply
سمیرا بی بی
Quotex is a prominent binary options broker recognized for its user-friendly proprietary platform, which facilitates trading in currencies, commodities, cryptocurrencies, and indices. With no trading fees and a minimum deposit requirement of only $10, it is accessible to traders with varying budget levels. Despite its strengths, Quotex lacks regulatory oversight, which may be a concern for those seeking a broker with stringent regulatory compliance. Furthermore, leveraged trading and stock options are not available, potentially restricting advanced traders seeking a broader portfolio.Quotex is well-suited for novice and cost-conscious traders who desire a simple entry into binary options, supported by a robust range of multilingual client support. However, it may not be suitable for traders who prioritize regulated environments or require extensive analytical tools beyond the 29 indicators provided. Its educational resources are limited to fundamental concepts, which could deter those seeking a comprehensive learning experience.
2025-03-13
1
Reply
سمیرا بی بی
Quotex is good am using it for a long time
2025-03-12
1
Reply
Dennis Mwiti
im dennis from kenya .. quotex blocked my account for no reason, they collaborated with a blackmailer from India and blocked my account. i sent all the documents they demanded as prof that the account was mine and till to date i have not received my money. my account was blocked on 24th January 2025
2025-03-12
1
Reply
Brokersview Official
Dear, about your problems encountered in this broker, you can submit a complaint with your proofs, Please click the link to submit：https://www.brokersview.com/complaint service@brokersview.com
2025-03-13
Reply
shivam pratap
Good app . Timely withdrawal i recommend everyone to come and try once . I really like the platform
2025-03-03
Reply
Didarul Islam
Fake live account in balance limit 1312.90 $
2025-01-26
Reply
CRACK PLATUN
Real market candle manipulating. Fully scam.Candles are not same as Trading View. Scammmmmm! Be aware!
2025-01-15
Reply
Viraj Bhosale
On 07/01/25 I have withdrawal my fund but today 11/01/25 I have not received my fund in my bank account but quotex showing transaction successfully completed. There no support response for that . What should I do I don't know .
2025-01-11
Reply
Brokersview Official
Dear, about your problems encountered in this broker, you can submit a complaint with your proofs, Please click the link to submit：https://www.brokersview.com/complaint service@brokersview.com
2025-01-14
Reply
Jawad
Quotex is a scammer they suspended my account without any reason sir please help me I withdraw my 200 dollars before they suspended my account please help me what i do now
2025-01-02
1
Reply
Ahmed
did u get it
2025-02-23
Reply

1-10 of 101 comments

Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.