ANSWER Dear Investor,
We have identified Quotex as a scam broker because its website does not disclose any regulatory information, and the jurisdiction it claims to be in lacks any financial regulatory authority that supervises forex or other derivative services. Quotex holds no operating license, meaning it is unregulated and offers no investor protection.
More importantly, Quotex has been placed on the warning lists of CONSOB and the Portugal CMVM, which state that it is conducting unauthorized activities illegally. Furthermore, we have received numerous customer complaints alleging fraudulent behavior by Quotex. All this evidence indicates that Quotex is a scam broker, and investors should stay away from it immediately and avoid any transactions.
If you have also been defrauded by this broker, we recommend that you report this issue to your local authorities. Gather all relevant evidence, including transaction records, chat logs, and screenshots. In addition, you may file a complaint on our official website here, where our team will carefully review your case and provide guidance or explore potential solutions.
Please also stay vigilant against recovery scams. Fraudsters often exploit such situations by offering fake recovery services in exchange for upfront fees. Always verify the legitimacy of anyone offering assistance.
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