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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
  • Nov 19, 2021 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
  • Dec 18, 2022 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.
  • Jan 02, 2023 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=
  • Jan 02, 2023 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/
  • Sep 26, 2023 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

My deposit on Quotex hasn’t been credited, and they refuse to resolve the issue!

M Kemal Thalassinos
India
Jun 16, 2025
ANSWER Dear Investor, We strongly advise against trusting Quotex, as this platform has been repeatedly flagged by financial watchdogs for fraudulent activities. Numerous complaints indicate issues such as missing deposits, withdrawal refusals, and deceptive practices aimed at manipulating investors. Do not fall for promises of high returns—these are tactics designed to lure you into depositing more funds. Quotex has been widely criticized online, with many users reporting financial losses. We recommend taking the following steps: ·Avoid further deposits and do not comply with requests for additional payments. ·Report the incident to your local authorities or relevant financial regulatory bodies. ·Submit a complaint on our platform so our dedicated team can thoroughly review your case and explore potential solutions. You can file your complaint here. Additionally, stay alert for recovery scams—fraudsters may reach out, falsely promising to retrieve lost funds in exchange for a fee. These schemes often result in further financial loss.
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Is trading in Quotex a scam?

Siddhartha Shankar
Romania
Jan 06, 2025
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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141 comments

kim
Victims of scam tend to gather the evidence and reclaim their investment through=Truthquesthub.com) I have seem what they do online and I must admit they haven't restored hope when all was lost.
10 hours ago
Reply
MSTMAJEDAKHATUN
From my trading experience, if I say that Quotex is good for beginners which includes free Friday, I would say that everyone should try it. And Fast Deposit customer service is pretty good. Overall I am satisfied.
Aug 06, 2025
Reply
Pay Pal
Quotex platform with trading tools to help with trading just like any other platform. That was 5 months ago. I applied the basic trading knowledge I had and found myself making some money that I was able to cash out.Anyone with doubt on Quotex should really give it a try. To me; I think it's the best platform I've seen so far! Best regards.
Aug 06, 2025
Reply
Athar Jamali
Best platform for treding
Aug 06, 2025
Reply
Vincent
I got scammed by Quotex, I made a deposit of €20000 but funds haven't reflected on my account till today..their support team is useless Please help
Jul 31, 2025
Reply
MONEkA AKTER
Quotex is a very good website. You can earn a lot of money through it. I have benefited a lot from quotex. I thank You 💕 quotex. I Love 💕 😊 The Quotex.
Jul 25, 2025
Reply
shivanshi mishra
Quotex is number one trading platform in the world I’m using Quotex 2 years my experience is amazing and easy to use with good interface also good deposit and withdrawal methods
Jul 23, 2025
1
Reply
Mirza Yaman baig
Happy
Jul 22, 2025
Reply
Zaib Ijax
quotex is good for beginner make a strategety in it.if you want to be a good trader in quotex you must use a strategety which is make you succsesfull in life. quotex makes your future better. make a plan in it with your good strategety market analysis and good planes.thank your quotex ❤️
Jul 16, 2025
Reply
AJAY KUMAR
Quotex is fraud website. They have no proper customer care and no solution of your problem specially at the time of withdrawal they hold money in their account and show you successful withdrawal but payment not received in your bank
Jul 16, 2025
Reply

1-10 of 141 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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