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

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://qxbroker.com/ 

    https://quotex.io/ 

    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://qxbroker.com/ https://quotex.io/ 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

Where does Quotex locate? Britain or something?

fortuneA
American Samoa
2022-12-25
ANSWER Quotex is not a regulated or licensed broker for traders even though it states offers that look good to be true.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. You can check the full warning from here.The truth is, Quotex is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Quotex and trade with licensed brokers.
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12 comments

Jawad Ahmedkhan
Seven days ago my 11 dollars withdraw can't receive me anyone help me I have prof
2023-12-14
2
Reply
Krishna prajapat
Overall the best binary trading broker experience, I have got and would recommend this app to everyone who is a beginner and wants to trade. It very well also provides tools like various popular indicators and oscillators. It is a legit platform where withdrawals and deposits are quite quick and easy, also it is pretty user friendly so that anyone can do trading. Also, it provides various payment options even UPI. It offers a good variety of assets to trade from as well.
2024-04-04
1
Reply
Your Brother
Quotex is Trusted and best platform to trade it's very easy and simple the service of deposit and withdrawal is very fast and easy I personally use this app to trade
2024-04-26
Reply
Jamila hmouene
la platforme est trés belle pour les dèpots et retraits elle ne nècessite pas d intermédiaire et c est la meilleure plateforme
2024-04-26
Reply
Abdul Haleem
It's easy to navigate with menus, charts, and trading tools. The good thing is that the market is open 24/7. The free indicators, oscillators, and signals make it even more attractive. Although customer support was slow due to high traffic, the problem was eventually solved, and I give Quotex a solid 5 stars.
2024-04-24
Reply
Jayd
Love this this trading platform. I can't get enough of it.I would recommend it to anyone looking for a trading platform
2024-04-18
Reply
Mary
My money has been pending for a week now in my quotex account, how then do I recover my funds, I can't reply from support
2024-04-18
Reply
arafahabiodun
If QUOTEX is a scam then why is the force guiding binary operations still allowing them to operate in the market? They should have been banned across the internet
2024-04-08
Reply
arafahabiodun
I initiated a withdrawal of $10,000 and I have waited for than 11 days and still yet I have not gotten my funds into my account. I have contacted their support day-in day-out but I still get the same response to wait that there’s a technical issue with them. Is there anyone who had faced this same problem without it getting resolved ? I’m really concerned and scared.
2024-04-08
Reply
BVS TRADER
I had withdraw al request my money of ₹1153.69rs 6days before still I didn't recive my money and its still showing processing only
2024-03-25
Reply

1-10 of 12 comments

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