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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

Quotex é uma plataforma inovadora para investimento online.

elionu
Brazil
2024-10-14
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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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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94 comments

Felipe Cavazos
I want to know much about Binomo
6 hours ago
Reply
Muzamil
Quatex is the biggest scame please don't deposit because I deposited last night trade is winning in last 2 seconds they lost my money then trade again going to my own fever so don't trust quatex they take my 5000$ be aware so please don't invest your money in quatex thanks
2024-11-19
Reply
Abdullah
10$
2024-11-15
Reply
Apparao
I have deposited my amount of 15000 in quotex account money has been deducted using upi but showing as failed. Tried contacting in many ways but no response from team finally going to raise a complaint against this in cyber crime
2024-11-01
Reply
Ahmad ibrar
🚨 Warning: QUOTEX SCAM - Blocked My Account and Stole $7,000! 🚨I want to warn everyone about the serious scam I faced with Quotex. They froze all my funds, amounting to $7,000 USD, and blocked my account without any explanation. What’s even worse is that local influencers promoted this platform as trustworthy, which led me to trust them in the first place.🚫 My Experience:I invested $7,000 through the platform, following the guidance of some Pakistani influencers who claimed it was a “safe” and “profitable” trading platform.Initially, things seemed fine, but once I tried to withdraw my earnings, all my funds were frozen.Customer support became unreachable, and they refused to unlock my account or release my money.When I tried to escalate the issue, they completely blocked my access to the platform.
2024-10-24
Reply
Galatea Guan (艺术家新干线_xx)
the same situation , so what u next step?
2024-11-13
Reply
Adnan Khan
Before 4 ago my withdraw quotex side success full but payment has not received
2024-10-14
Reply
Fortricktrading
On 6th August 2024, I had initiated a deposit process of ₹3000 through UPI. It remained in processing for two days and then started showing as failed. I registered a complaint afterward. After 14 days, they replied saying that the amount had not been received by Quotex and that I must have gotten a refund according to the bank’s policy. However, I didn’t receive any refund.I provided my bank statement, but they kept declining it. They were asking for proof from the bank stating that my withdrawal was successful and that I didn’t receive the refund. I somehow managed to get that proof. I submitted the documents on 9th October 2024, and until now, I haven’t received any refund. Since yesterday, they aren’t even responding to my messages. If your money gets stuck, just consider it gone. They are behaving like thieves.My quotex id-39857568
2024-10-13
Reply
Ibrahim Abdulai
I made a deposit of 20$ on 06 10 2024 i still haven't been credited to my account. I reported this to support and no reply
2024-10-09
Reply
Aniket Vispute
best platform for trading easy to use clean interface fast deposit and withdrwal
2024-10-05
1
Reply
Manik
Best app for trading easy to use clean interface
2024-10-05
Reply

1-10 of 84 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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