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Unregulated Quotex Review: Scam Alert! Unregulated & Withdrawal Issues
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Quotex

Operating status: Unregulated
Website: https://quotex.com/enhttps://qxbroker.com/https://quotex.io/
High-Risk Active
Broker violations and abnormal records
  • 2021-12-19 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/area-pubblica/-/delibera-n.-22116

    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/area-pubblica/-/delibera-n.-22116
  • 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://investidor.cmvm.pt/PInvestidor/Content?Input=B04A5A522CE5717D9C843F22AC61DA5E2DA3E393B92CE4D2D67E54DDD509D063

    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://investidor.cmvm.pt/PInvestidor/Content?Input=B04A5A522CE5717D9C843F22AC61DA5E2DA3E393B92CE4D2D67E54DDD509D063

  • 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

Is trading in Quotex a scam?

Siddhartha Shankar
Romania
2025-01-06
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
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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200 comments

GHT
É uma plataforma sensacional! uma plataforma com interface bem simples, uma plataforma para por aquele dinheiro que sobrou e que você queira ganhar mais!
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2026-07-14
Reply
You ToupVI
The Kotex platform is a fantastic and secure trading platform; I recommend everyone to trade on it.
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2026-07-13
Reply
Leonardo
Quotex é uma plataforma muito boa para quem procura aprender atraves do Demo, e também investir seu dinheiro e ter lucros
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2026-07-13
Reply
Forex Trader
Quotex is an unlicensed fraudulent platform that has been publicly warned by multiple regulatory bodies, including the Italian CONSOB, the Portuguese CMVM, the Spanish CNMV, and the Pakistani SECP. The platform embezzles user funds through a fraudulent exit scheme of "account suspension upon profit," disappearing deposits, and refused withdrawals. It also uses purchased fake positive reviews to cover up its fraudulent nature. We strongly advise you to stay away and never make any investments in this platform.
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2026-07-06
Reply
Adnan Gujj
Good luck 👍👍👍
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2026-07-03
Reply
98NDL02RWL
Llevo tres años operando con opciones binarias y Quotex ha sido una de las plataformas que más me ha facilitado la experiencia. Agradezco su interfaz sencilla, la rapidez de los depósitos y retiros, y el soporte confiable que ofrecen. #Quotex mi ID es 88162851
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2026-05-28
Reply
98NDL02RWL
QUOTEX, a veces el OTC me arta con sus manipulación, pero en cua tos a depósitos y retiros ningún problema, es intuitiva, me parece genial app, solo que uno a veces no se controla, lo recomendaría, si, aun que están saliendo otras appa (pagina) que tienen la misma API, es la misma página con otros nombres
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2026-05-28
Reply
ZV6YQV2P3G
Tenho operado na plataforma quotex a alguns meses, e posso afirmar que de fato eles pagam certinho. Fiz alguns saque já e caiu na minha conta sem enrolação.
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2026-04-29
Reply
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
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2026-04-20
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.
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2026-04-20
Reply

1-10 of 200 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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