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The WikiFX Score of this broker is reduced because of too many complaints!

QUOTEX

Saint Vincent and the Grenadines | 2-5 years |
Suspicious Regulatory License | Global Business | High potential risk

https://qxbroker.com/en/

Website

Rating Index

Influence

Influence

AAA

Influence index NO.1

Brazil 9.26
Surpassed 14.50% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

https://qxbroker.com/en/
First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St. Vincent and Grenadines.
https://www.facebook.com/quotexio/
https://twitter.com/quotex_platform
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

Warning: Low score, please stay away!
2025-06-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
3

Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
2-5 years
Company Name
Maxbit LLC
Company Website
Company address
First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St. Vincent and Grenadines.

JuanLP

Unverified

Colombia

For the past 2 days, I've been contacting QUOTEX as they closed my account without reason or notice after I requested a withdrawal of 23,160 USD. I don't know what to do. It's a huge amount of money that I don't want stolen, but I only receive the same response. I would appreciate advice on what to do, as obviously I didn't do what they're accusing me of, or I would accept the consequences maturely. This only has one name and it's THEFT.

Exposure

05-13

JuanLP

Unverified

Colombia

I've never had problems with this broker before. I even made withdrawals of $60,000 without any issues. The last time I traded, I withdrew $23,160 with a deposit of $12,000. A day later, when I went to check the status of my withdrawal, my account was suspended. I'm afraid they might try to keep my money or the profits, which are rightfully mine. I kindly ask for help to resolve this issue and receive my money ($23,160), regardless of whether I can continue using the platform. Thank you.

Exposure

05-11

Braxgolden12

Unverified

Nigeria

My withdrawal has been pending for more than the regulated five days and still not processed Support are not replying my complaints either....

Exposure

2024-01-27

FX3643471515

Unverified

Algeria

This is a great platform, the support team is very helpful, your funds are secure and you can withdraw them at any time. You can also learn trading for free through the demo account. I recommend trying it out for yourself and not listening to gibberish.

Positive

03-15

Dennis Chu

Unverified

Hong Kong

I have been trading with this broker for a few months now and it's quite user-friendly. The platform is smooth with fast withdrawals and a variety of trading tools that help make decisions easier. However, they could improve their customer support response times.

Positive

2024-06-17

Mo937

Unverified

Egypt

I submitted a withdrawal request, and after that my account was banned. And no email came stating that the amount had been returned, and I haven't received $500. This is a clear scam through the company. I hope that a private party enters to resolve this matter as quickly as possible. The platform is not good, and there is no direct support to talk to them about all of this.

Exposure

2023-10-24

Mr.T

Unverified

Australia

Honestly, I was unable to find any relevant information on this broker’s official website, simple and unprofessional… I beg you guys, don’t waste your time or money here.

Positive

2023-02-14

FX1156182314

Unverified

Taiwan

The minimum deposit amount is only $10, which looks pretty good and is more suitable for beginners, but his withdrawal time is 1 to 5 working days, which feels too long. Seeing that some friends have also made profits on this platform, I decided to give it a try and see how it goes.

Neutral

2022-12-13

FX3664489416

Unverified

Egypt

The best trading platform ever in terms of credibility in withdrawals, deposits and everything

Positive

2022-11-28

9
Biz Area
Website
Company Summary
Disclosure
Comment

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Website

qxbroker.com
34.149.21.192
Server Location
United States
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
--
Website
--
Company
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Company Summary

QUOTEX Review Summary
Founded2019
Registered Country/RegionSaint Vincent and the Grenadines
RegulationNo regulation
Market InstrumentsForex, Commodities, Cryptos, Stocks
Demo Account✅($10,000 virtual funds)
Leverage /
Spread/
Trading PlatformWeb-based platform, Mobile App (iOS & Android)
Minimum Deposit$10
Customer SupportEmail: support@quotex.io
Address: Main Street, P.O. Box 625, Charlestown, St. Kitts and Nevis

QUOTEX Information

QUOTEX is a Saint Vincent and the Grenadines-registered online binary options trading platform, it was established in 2019. With a small $10 minimum investment, it provides commodities, cryptocurrencies, and FX. But there are no rules governing the platform's operations.

QUOTEX Information

Pros and Cons

Pros Cons
Low minimum deposit ($10)No regulation
Free demo account with $10,000 balanceUnclear fee structure
Supports multiple payment methodsNo support for MT4/MT5 or advanced tools
No deposit/withdrawal fees

Is QUOTEX Legit?

QUOTEX is not a reputable broker. It is registered in St. Vincent and the Grenadines. QUOTEX does not have a legitimate license from the local regulator, nor is it licensed by any major international financial regulators such as the FCA (UK), ASIC (Australia), or the NFA (USA).

license

The domain quotex.com was registered on June 4, 2003, and will expire on June 4, 2026. It is presently locked, preventing any unlawful deletion, renewal, transfer, or updates. This domain employs Cloudflare name servers, which indicates basic security precautions, but it does not suggest regulatory trustworthiness.

domain

What Can I Trade on QUOTEX?

QUOTEX provides forex, cryptocurrencies, commodities, and stocks. The trading options are primarily for digital options or speculative binary transactions.

Tradable Instruments Supported
Forex
Commodities
Cryptos
Stocks
Indices
Bonds
Options
ETFs
products

Account Type

QUOTEX has two primary account types: Demo and Real. The Demo account includes $10,000 in virtual cash and is ideal for novices who wish to practice trading without risk. The genuine account has a $10 minimum deposit and provides access to genuine market conditions, tournaments, and more features, making it perfect for more experienced or serious traders.

Account TypeMinimum DepositFeaturesSuitable for
Real Account$10Live trading, tournaments, full featuresActive and serious traders
Demo Account-$10,000 virtual funds, risk-free learningBeginners, practice traders
Account Types

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Web Trading PlatformPC, Mac, web/
Mobile AppAndroid (Google Play), iOS (App Store)/
MetaTrader 4 (MT4)Beginners
MetaTrader 5 (MT5)Experienced traders
Trading Platform

Deposit and Withdrawal

QUOTEX charges no fees for deposits or withdrawals. However, third-party payment providers may levy their own processing costs or currency conversion fees, which are beyond QUOTEX's control.

Deposit Options

Deposit Options Minimum DepositDeposit Fees Deposit Time
Bank Cards$10$0Instant to a few hours
Electronic Payment Systems
Local Banking Options

Withdrawal Options

Withdrawal Options Minimum Withdrawal Withdrawal Fees Withdrawal Time
Bank Cards$10$01-5 business days
E-walletsUsually faster than bank transfers
Cryptocurrency$50Varies by network confirmation
Non-Trading Fees
Deposit and Withdrawal

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • Global Business
  • High potential risk

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