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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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32 comments

Jawad Ahmedkhan
Seven days ago my 11 dollars withdraw can't receive me anyone help me I have prof
2023-12-14
4
Reply
Seema kumari
Quotex is one of the best binary trading platform which I have ever use, It has simple interface easy to use, I have never any issue in deposit and withdrawal . Must try.
2024-05-09
1
Reply
Faizan Ibrahim
All the positive reviews here are actually paid reviews . Quotex pay 3 dollar for each review .. quotex is playing a techinical scam ... Beware and never ever invest in quotex.. and those videos you see on youtube about qiutex win stretegy is actually not an stretegy but they use special terninals. Which always win ... Dont get scammed guys...
2024-05-05
1
Reply
Sudarshan khand
Quotex is best app for forex trading and withdrawal come in account within 1 hour to 2 hour
2024-05-05
1
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
Carol Riley
It's all a scam, i traded with different brokers, most of them disappear when I make withdrawal request, some of them will try to convince you not to withdraw and instead invest more while others will actually allow you withdraw a little amount so they can build your trust and after that they begin to make large requests. i lost a lot to these fraudulent brokers, i was depressed for months luckily I come across a comment on a recovery website that recommended a funds recovery expert on Binary/forex and bitcoin investment recovery in the person of Mr Anthony Hopkins when i met him i didn't believe he could get back my money because i have been scammed a lot already and didn't know who to believe, but my good feeling told me to give it a try and i did,God is so kind,Him and his team work relentlessly to recover my funds and my funds refunded back to me within a week interval, i was able to get access to my funds within his help, I can't still believe how possible it is to get my invested capital back including my bonus with the company. I know some people must have been a victim of any scam investment broker. I feel obligated to recommend him and his great funds recovery strategy, feel free to reach out to him if you you having issues withdrawing your funds,via his email address (michaelclark7080@gmail.com) He will help you to claim back your lost investment from your scam broker, i was obligated to recommend Him for the good service which they offered to help my issue with my broker.
9 hours ago
Reply
Mohan Lal
Quotex ek popular trading platform hai jo traders ko various financial instruments par trading karne ka mauka deta hai. Ismein user-friendly interface, charting tools, aur diverse range of assets available hote hain jo traders ke liye beneficial hote hain. Uske alawa, Quotex ki customer support bhi generally helpful hoti hai, jo users ko trading experience mein assist karti hai.
15 hours ago
Reply
Mohan Lal
Quotex ek popular trading platform hai jo traders ko various financial instruments par trading karne ka mauka deta hai. Ismein user-friendly interface, charting tools, aur diverse range of assets available hote hain jo traders ke liye beneficial hote hain. Uske alawa, Quotex ki customer support bhi generally helpful hoti hai, jo users ko trading experience mein assist karti hai.
15 hours ago
Reply
Ev An
Sir I accidentally opened my codex account with another email now what to do to change my email if you can help me. I have all the documents. I am ready to give all the evidence
2024-05-15
Reply
Cyrus Bladder
As of today, it has been six days since I submitted a withdrawal request, but unfortunately, I have not yet received the funds in my designated account. Can someone help ? from day 1 its showing Processing.
2024-05-13
Reply

1-10 of 28 comments

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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.

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