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Quotex

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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

  • 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

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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quotex is delaying on withdrawal now and perviously did scam

Benson S
India
Dec 19, 2024
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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193 comments

Marko karam
I have been trading in binary options for three years, and Quotex has been one of the platforms that made my journey easier. I appreciate the simple interface, fast deposits and withdrawals, and the reliable support you provide #Quotex
21 hours ago
1
Reply
8D1NP2NPVY
I have been actively engaged in the field of binary options trading for the past three years. During this time, I have gained valuable experience, developed strong analytical skills, and built a disciplined trading approach.I truly appreciate the services and opportunities that Quotex provides to traders worldwide. I am reaching out to express my interest in continuing my trading journey with your platform and to highlight my commitment to responsible and professional trading practices.
21 hours ago
Reply
NXK9RE2P4O
It's a very comprehensive trading site. I like it because it's easy to use, secure, and reliable. It's one of the best for trading, and that's 100% proven. In my experience, it's the one that has helped me the most, which is why I continue to trust it.
Apr 18, 2026
Reply
G6YR15M1K3
I Deposited ₹1801 Rupees with 2 Times ₹900 rupees each , but not credited my live account,and not refund ind mybank account, what will do in this situation 😔
Apr 15, 2026
Reply
LE52E1RQKP
I've been using qxbroker for a while without any issues, but recently they refused to send my withdrawal and their customer care is very slow in responding.
Apr 12, 2026
Reply
Forex Trader
Quotex is not regulated by any top-tier financial authority (like the FCA, ASIC, or CySEC). Multiple regulators, including the UK’s FCA and the Financial Commission, have officially placed Quotex on their Warning Lists, stating it is unauthorized to offer financial services.The company is registered in offshore jurisdictions (St. Kitts and Nevis) known for minimal oversight. This means investors have zero legal protection or access to compensation funds if the platform fails or withholds money.As of March 2026, there has been a surge in user reports regarding blocked accounts and missing withdrawals. Many users report their withdrawal status as "Successful" on the platform, yet the funds never reach their bank accounts, with support remaining unresponsive.Quotex is an unregulated offshore broker currently on multiple international warning lists (FCA/FinCom). Despite its easy-to-use app, it is linked to frequent withdrawal failures and account freezes in 2026. Avoid depositing significant capital.
Mar 30, 2026
Reply
Give me 1000$ my id 73492483
Jan 19, 2026
Reply
Moiz Khan
Quotex (On Spot Group LLC) is a scam. I have $62,139 blocked. The Eastern Caribbean Central Bank (ECCB) confirmed they are NOT licensed. FBI Case ID: a839a452ecda40f88b86d1277bc969f4. Stay away!"
Jan 13, 2026
Reply
Official BrokersView
Dear Moiz Khan, Regarding the issues you've encountered with this broker, you may submit a complaint along with supporting evidence. Please click the link below to proceed：https://www.fastbull.com/brokersview/submit-complaint. Contact email：service@brokersview.com
Jan 14, 2026
Reply
David Mora
Estoy muy contento con esta plataforma. Mis retiros siempre son fluidos. No tardan más de 24 horas cada vez. Y la experiencia de trading también es fluida. No he tenido problemas importantes con el servidor ni con los gráficos de trading. Me gusta mucho este sitio. El diseño es sencillo y no me costó mucho entenderlo. Todo está bien organizado, las funciones son fáciles de encontrar y la respuesta es rápida. Hasta ahora, ha funcionado sin problemas y parece bastante cómodo de usar. La navegación es sencilla y el diseño parece profesional.
Dec 26, 2025
Reply
Taoseeq khawaja
My clind deposit 50 dollars in qoutex account but qoutex error deposit faild 104625003 this is deposit id
Dec 04, 2025
Reply

1-10 of 193 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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