Review summary
Quotex Review
Quotex should be treated as a high-risk digital-options venue, not as a regulated broker. The strongest verified facts are product basics from the official FAQ; regulatory protection and dispute-resolution coverage remain the main weaknesses.
Overall score
2.1/5
Fees
8/10
Regulation
2/10
- Source-backed facts are separated from weak or unresolved claims.
- Check the exact entity, jurisdiction, payments, and product restrictions before funding.
- This page is research, not a broker recommendation or investment advice.
Editorial score by review area.
Regulation
0.8 / 5
Fees
3.8 / 5
Platform
3.4 / 5
Markets
3.1 / 5
Payments
2.2 / 5
Support
1.9 / 5
WikiFX lists Quotex around 1.5/10 in recent broker profile pages
ON SPOT LLC GROUP / prior Maxbit LLC references are third-party leads that need entity verification
Official FAQ source-claim: profit can be up to 98% of investment; payout varies by asset and time and is not an expected return
Official FAQ states withdrawals average 1-5 days after request receipt
TBO answers this as a source-confidence and risk question, not as a yes/no endorsement.
Quotex is tracked as a high-risk broker profile with dated sources and unresolved jurisdiction checks.
TBO editorial risk label based on the current broker source file and source-confidence status.
Official basics: source quality is visible, but official-basics does not mean all sensitive claims are verified.
TBO source-confidence label; inspect the linked source list before relying on a sensitive claim.
Binary options products can be restricted by country and client category.
Source claim: Supports Quotex/QxBroker account-funding and product-basics claims only; regulation, country availability, and withdrawal outcomes need separate evidence.
QxBrokerThis page has an official-basics source trail, while sensitive claims still keep dated source links and caution notes.
Reviewed by the TBO Editorial Desk. This page is informational research, not investment, legal, tax, or licensing advice. Source dates are shown so readers can re-check sensitive claims.
Match the exact entity, domain, jurisdiction, and warning-list records before treating a broker as verified.
ON SPOT LLC GROUP / prior Maxbit LLC references are third-party leads that need entity verification
Source claim: Supports Quotex/QxBroker account-funding and product-basics claims only; regulation, country availability, and withdrawal outcomes need separate evidence.
QxBrokerNo confirmed tier-one license; third-party regulation leads do not show FCA/CySEC/ASIC-style supervision
Manual check: Verified RBI Alert List names Quotex among entities/platforms not authorised under FEMA or ETP directions. This is an India-specific authorization caution, not a global licensing finding.
Reserve Bank of IndiaCurrent TBO source pass: May 13, 2026.
Internal TBO source pass date; use the source list to re-check external claims.
What is confirmed, disputed, or still weakly sourced.
FAQ confirms digital-options mechanics, asset categories, demo usage, minimum deposit and withdrawals.
No FCA, CySEC, ASIC, CFTC or equivalent supervision is verified in the gathered sources.
USA, Canada, EEA/EU, Hong Kong and several other markets require special caution; current rows include third-party geo leads and regulator-backed country warnings.
WikiFX and other broker databases are treated as third-party leads for unresolved withdrawal/account-access complaints.
Minimum deposit
$10
Minimum trade
$1 is an industry-review lead; verify in account before funding
Demo account
Available
Account currencies
USD by default; profile-level currency switching mentioned in the official FAQ
Assets
Digital options on currencies, crypto, commodities, and indices
Platform
Proprietary web platform; no download required according to official FAQ
Payments and withdrawals
Payment availability can vary by method, country, KYC status, and broker policy changes.
$10
Source claim: Supports Quotex/QxBroker account-funding and product-basics claims only; regulation, country availability, and withdrawal outcomes need separate evidence.
QxBrokerOfficial FAQ states withdrawals average 1-5 days after request receipt
Source claim: Supports Quotex/QxBroker account-funding and product-basics claims only; regulation, country availability, and withdrawal outcomes need separate evidence.
QxBrokerCards and online payment methods, Crypto withdrawals from $50, Methods vary by account region
Source claim: Supports Quotex/QxBroker account-funding and product-basics claims only; regulation, country availability, and withdrawal outcomes need separate evidence.
QxBrokerThese are current TBO restriction notes. Verify broker terms and local regulator rules before acting.
Third-party geo lead: United States appears in the current TBO restriction notes for Quotex. Verify against current broker terms and local regulator rules.
Needs recheck: Third-party country-availability summary. Reconcile with broker terms and local regulator rules before publishing geo claims as facts.
Traders UnionThird-party geo lead: Canada appears in the current TBO restriction notes for Quotex. Verify against current broker terms and local regulator rules.
Needs recheck: Third-party country-availability summary. Reconcile with broker terms and local regulator rules before publishing geo claims as facts.
Traders UnionThird-party geo lead: Hong Kong appears in the current TBO restriction notes for Quotex. Verify against current broker terms and local regulator rules.
Needs recheck: Third-party country-availability summary. Reconcile with broker terms and local regulator rules before publishing geo claims as facts.
Traders UnionEEA checks required appears in the current TBO restriction notes for Quotex. Verify against current broker terms and local regulator rules.
Needs recheck: Third-party country-availability summary. Reconcile with broker terms and local regulator rules before publishing geo claims as facts.
Traders UnionIndia RBI Alert List caution appears in the current TBO restriction notes for Quotex. Verify against current broker terms and local regulator rules.
Manual check: Verified RBI Alert List names Quotex among entities/platforms not authorised under FEMA or ETP directions. This is an India-specific authorization caution, not a global licensing finding.
Reserve Bank of IndiaIndonesia SWI/OJK warning reported by government source appears in the current TBO restriction notes for Quotex. Verify against current broker terms and local regulator rules.
Manual check: Verified Indonesian government page reports SWI/OJK warnings about unregistered binary options and brokers and names Quotex. This is Indonesia-specific warning context, not a global licensing finding.
Cabinet Secretariat of the Republic of IndonesiaBrazil CVM warning on Maxbit LLC / Quotex brand appears in the current TBO restriction notes for Quotex. Verify against current broker terms and local regulator rules.
Manual check: Verified CVM warning says Maxbit LLC used the Quotex brand and was not authorised for securities intermediation or investor fund collection.
Comissão de Valores MobiliáriosRisk notes stay visible until stronger official or regulator sources support a cleaner conclusion.
Official FAQ source-claim supports the minimum deposit field
Source claim: Supports Quotex/QxBroker account-funding and product-basics claims only; regulation, country availability, and withdrawal outcomes need separate evidence.
QxBrokerThird-party country lists need official confirmation before being treated as availability facts
Source claim: Public affiliate terms support commission-model language, but payout rails, geo eligibility, cookie duration, and agreement-level rules still need verification.
Quotex AffiliateRBI, Indonesia and CVM warning records require prominent country-specific caution
Manual check: Verified CVM warning says Maxbit LLC used the Quotex brand and was not authorised for securities intermediation or investor fund collection.
Comissão de Valores MobiliáriosAlternatives are not recommendations. They are next profiles to compare by source confidence, restrictions, and risk.
Quick trading / binary options
High-visibility quick-trading brand with official account/payment pages and regulator warning records that require prominent risk treatment.
Deposit
$5; method and country can vary
Demo
$50,000 virtual demo balance is an official blog source-claim
Fixed-time trades
Fixed-time trading brand with official educational material referencing demo access and low starting deposit.
Deposit
$10
Demo
Available
Options and derivatives
Options and derivatives platform with comparatively strong official documentation for regulation, product types, payment methods, apps, and partner terms.
Deposit
Low entry; method-dependent
Demo
Available
Platform launch claim
Quotex-related launch-year references are treated as third-party source leads, not independently verified company-history proof.
Financial Commission warning
Financial Commission placed Quotex/Quotex LTD on its warning list.
European warning leads
Broker-watch sources provide CMVM and CONSOB warning leads around Quotex/related entities; each country warning should be checked at the regulator source.
More country-level scrutiny
Recent source leads add concerns around restricted countries and unauthorized operations; regulator records are stronger than review/database leads.
Is Quotex regulated?
We did not verify a tier-one financial license for Quotex. Traders Union and WikiFX describe Quotex as lacking major-regulator oversight, so the page labels regulation as a major risk area.
What is the minimum deposit on Quotex?
The official QxBroker FAQ states a minimum deposit of 10 US dollars. Users should still check the account screen because payment methods and regional rules can change.
Does Quotex offer a demo account?
The official FAQ describes a free training account for practicing digital options and testing strategies without cash.
Can users in the USA or EEA use Quotex?
Third-party country guides and regulatory summaries report that Quotex is restricted or unavailable in the USA, Canada, EEA/EU countries, Hong Kong and other high-compliance regions.
Is this review investment advice?
No. The page is a source-backed broker review and risk summary. It does not recommend opening an account or placing trades.