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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

Is trading in Quotex a scam?

Siddhartha Shankar
Romania
2025-01-06
ANSWER Dear Investor, We strongly advise you to avoid Quotex at all costs. This platform has been proven to be a scam, involving various websites and flagged by many financial watchdogs. BrokersView sees a daily increase in complaints from victims of Quotex. Do not trust any promises of lucrative profits from Quotex, as they are merely tactics to lure investors into depositing more money. Many victims have reported difficulties in withdrawing their funds. Quotex is a facade used by operators to defraud investors, and negative reviews about it are widespread on the internet. Therefore, it is strongly advised to steer clear of Quotex to protect yourself from potential fraud.
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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.
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109 comments

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 eldaley
GD
2024-12-29
Reply
Sean Habron
DO NOT USE QUOTEX. STAY AWAYThey are a scam. I have been trying to withdraw profits for over a month now and they are refusing to assist. They say that the payment has been made and the problem is with my bank. My bank says they do not see any incoming funds. Quotex refuses to send me Proof of Payment in order for the banks to track the funds. BIG SCAM platform
2024-12-23
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
2024-12-24
Reply
Barry Wonds
Listen my boys and girls.. I know you all are poor and u wanna rich fast so plzz first think short term things are only things time pass.. So first get good amount and then do businessSo fuck of boys and don't waste money and do real work.. And sis control your emotional if u want to be a rich.. Thank u
2024-12-19
1
Reply
Huzaif ansari
In quotex i have. Widrwal the money. And. They are showing successed But. I dont receive it in my account. Since 9 day. And. They are not responsing. About any thing please help me sir i have all proofs
2024-12-12
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
2024-12-13
Reply
Navinchandra Tripathi
This brokers is complete scam and creates unnecessary volatility with the even their charts and candle volatility is also not real .
2024-11-29
Reply
Timileyin
I want to withdraw my funds and I was not getting the code in my Gmail please help me
2024-11-25
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
2024-11-27
Reply

1-10 of 95 comments

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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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