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QUOTEX

Severe riskForex / CFD broker
🇻🇨 Saint Vincent and the Grenadines · 5-10 years · since 2021-06-04 · Maxbit LLC.
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
23 reviews ›
0
Licenses ›
13
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
85/100
Scam risk ›
0
Clone sites ›
▲ 35% positive▼ 65% negative
Independent ratingshow third parties score this broker
WikiFX1.52/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from QUOTEX? Our free assistant writes up your case and shows exactly what to do next →
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No sign that QUOTEX actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
85
Severe risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Listed as “Fake Broker” in industry watchdog records
  • Identified as a clone / impersonator firm
  • Registered in Saint Vincent and the Grenadines (offshore, light oversight)
  • 16 user exposure/complaint reports filed
  • Withdrawal complaints in ~57% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing9735%
Company age2215%
Clone / impersonation10012%
Withdrawal & exposure complaints10012%
Offshore registration808%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameMaxbit LLC.
Headquarters🇻🇨 Saint Vincent and the Grenadines
Founded2021-06-04
Years operating5-10 years
Employees0
Official websitequotex.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—
Registered address
First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St. Vincent and Grenadines.

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

QUOTEX is an unregulated offshore trading platform with a severe scam risk score. The lack of regulatory oversight, combined with limited public information and a high-risk product offering, makes this broker unsuitable for most retail traders. Extreme caution is advised.

Best for
  • Traders comfortable with unregulated, high-risk platforms
  • Experienced traders seeking binary or digital options
Not for
  • Risk-averse investors
  • Regulation-conscious traders
  • Beginners seeking a safe trading environment
Period:
What users complain about
What users praise
Where reviewers are from
Egypt4
Indonesia3
Colombia3
Bangladesh3
Algeria3
Argentina2

Real user reviews

Where QUOTEX operates

Active across 4 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇳🇬 Nigeria
🇩🇪 Germany
🇨🇳 China
🇺🇬 Uganda
🇩🇿 Algeria 1 complaint
🇦🇷 Argentina 1 complaint
🇧🇴 Bolivia 1 complaint
🇨🇴 Colombia 3 complaints
🇪🇬 Egypt 4 complaints
🇭🇰 Hong Kong 1 complaint
🇮🇳 India 1 complaint
🇮🇩 Indonesia 2 complaints
🇵🇪 Peru 2 complaints

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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About QUOTEX

Company Overview

QUOTEX is a trading platform registered in Saint Vincent and the Grenadines, a jurisdiction known for minimal financial oversight. The company was founded on June 4, 2021, and lists its address at First Floor, First St Vincent Bank LTD Building, James Street, Kingstown.

The platform describes itself as focusing on smart investments and provides a fully functional software system for trading. It markets itself with a 24/7 customer service promise and a presence on social media channels including Facebook, Instagram, Twitter/X, and YouTube.

Regulation and Safety

Our review found no regulatory licences on file for QUOTEX from any recognised financial authority. The company is incorporated in Saint Vincent and the Grenadines, a jurisdiction that does not require forex or options brokers to obtain a financial services licence.

The absence of regulation means that traders have no recourse to a financial ombudsman or investor compensation scheme. FXCanary assigns a scam risk score of 85 out of 100 to this broker, indicating a severe level of risk for prospective clients.

Trading Platforms

QUOTEX offers its own proprietary trading platform, which is available as a browser-based version and as an Android mobile app. The platform is described as fully functional software, designed to support options trading.

No information is available about desktop applications for Windows or macOS, nor about iOS support. Traders should verify compatibility with their devices before signing up.

Instruments

The broker explicitly offers options trading, though the specific types of underlying assets – such as forex pairs, indices, commodities, or stocks – are not detailed in available public records. Options trading on unregulated platforms often involves binary options or digital options, which carry high risk.

Potential traders should seek clarity on the full range of instruments offered before depositing funds. The lack of transparent information is a notable concern.

Customer Support

QUOTEX claims to provide 24/7 user service, which is a common feature among online trading platforms. Contact channels are not specified in the known facts, but social media presence suggests alternative avenues for customer outreach.

The quality and responsiveness of support remain unverified. Traders should test customer service thoroughly before committing real capital.

Overview compiled by FXCanary from regulatory records and public data. full QUOTEX review