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Quotex Review: Scam Alert! Unregulated & Withdrawal Issues
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 is delaying on withdrawal now and perviously did scam

Benson S
India
2024-12-19
ANSWER Dear Investor, We understand how distressing and frustrating this situation can be. We have flagged Quotex as a scam, a fraudulent trading platform that has been warned by various financial regulators. Recently, we have seen an increase in the number of complaints from Quotex clients. We urge you to stop sending any money to Quotex, regardless of their claims. They may continue to exploit your urgency for refunds to lure you into sending more money. Gather all the evidence you can and report it to your local authorities. Meanwhile, we encourage you to file a complaint on our platform at https://www.brokersview.com/complaint. Our dedicated team will thoroughly review your case and work diligently to help you find a possible solution. Lastly, beware of recovery room scams, where fraudsters claim they can get your money back for a fee. It is crucial to understand that their sole intention is to victimize you again.
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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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101 comments

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
Talha Rehman
why my account is blocked and my 33 dollaers is why u cut.tell me plz
2024-11-24
Reply
Felipe Cavazos
I want to know much about Binomo
2024-11-21
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
1
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
2
Reply
Galatea Guan (艺术家新干线_xx)
the same situation , so what u next step?
2024-11-13
1
Reply

1-10 of 89 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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