✔️ Information reviewed and updated in December 2023 by Pedro Martínez González
In this section we will tell you if we consider that the company QUOTEX is a safe company or an unreliable company. Read our full analysis to find out everything!
We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...
Below we will show you essential information about QUOTEX and tell you why we came to such a conclusion:
|🌐 Website||quotex.io | quotex.com | quotexcorretora.com|
|🏠 Company*||Maxbit LLC|
|️ Regulation||Not regulated|
|Contact from the website form|
|📈 Leading||Own platform|
|📌 Address||San Vicente y las Grenadines|
|🕑 Website age||Website registered on: January 6, 2020, June 4, 2003, November 13, 2021|
|❓ Company type||Cryptocurrency, CFDs, forex and binary options broker.|
Company: ⚠️ QUOTEX is owned by Maxbit LLC
Location: QUOTEX mention being located in Saint Vincent and the Grenadines, a tax haven, a location totally NOT RECOMMENDED. If you decide to trust a company based here you have to know that your money does not have any type of protection, it is very risky, please think twice before trusting this company. We can already tell you that we are concerned about several characteristics of this company.
What is QUOTEX?
After having carried out an analysis of the company's website, we can say that QUOTEX is a: cryptocurrency, CFDs, forex and binary options broker.
The company does not provide information about having different types of accounts.
Information on the web
Here we show you a screenshot of the QUOTEX website, which is Quotex.com. The capture was made in SEPTEMBER 2022.
Contact: phone numbers and email
This company does not provide any contact details; No email or phone number. What does this mean? That a company does not provide contact information is a very bad sign. Imagine that you have a problem or complaint and you have no way to contact them. It sounds really bad, doesn't it?
* QUOTEX regulation
We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:
The broker presents us with a very worrying situation; he mentions absolutely nothing about regulating it. What does this make us think? We are talking about an unregulated broker. What does it mean? This means that the broker's clients and all their money are without any type of protection. That is to say, if the broker has bad intentions, most likely you will not be able to do anything to recover your money. Please be very careful with these types of companies. Think carefully before sending money, you are sending it to a company without any type of regulation or protection!
🚫 Final QUOTEX valuation 🚫
As you can see, we have carried out a detailed and complete analysis of the most important characteristics of Quotex and we have reached the following conclusions about this company:
Location: They mention being located in a VERY UNSAFE location
Regulation: They do not mention anything about its regulation, that is to say: we are talking about an unregulated company with a notable lack of clarity and seriousness.
It is crucial to keep in mind that the company in question has been the subject of complaints by different financial regulators, including the CNMV and CONSOB. These allegations raise a red flag and underscore the need to exercise extreme caution when considering any type of interaction with the company. The lack of clarification or response from the company to these complaints can generate uncertainty and distrust in potential clients or investors.
Quotex presents itself as a broker that offers services in forex, cryptocurrencies, CFDs and binary options. However, their declaration of being located in an area considered to be of low security, such as Saint Vincent and the Grenadines, added to the absence of information on their regulation, raises serious concerns about their reliability and transparency as a financial entity.
In addition, the lack of means of contact available to users raises questions about how to address emergency situations or resolve any inconvenience that may arise during interaction with the company. This lack of vital customer information, such as contact channels, highlights the need to be cautious when considering engaging with Quotex.
🚨🚨 Conclusion: for the reasons mentioned our conclusion is that it is a very unserious and very unsafe company. Please think carefully if you want to send money to a company with these characteristics. 🚨🚨
News about QUOTEX:
|Date||Update – news|
|June 2021||Complaint against Quotex of CNMV.|
|December 2021||Complaint against Quotex of CONSOB.|
We note that the company already has complaints from financial regulators. Please be very careful!
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with QUOTEX.
At the end of the review you will find customer comments.
How to Claim Money Scammed by QUOTEX
If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.
How to Report QUOTEX
If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.
Are there (recommended) alternatives to QUOTEX?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
How can I report QUOTEX?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is QUOTEX reliable?
No. QUOTEX is not reliable, it is a very unsafe company: Its location in Saint Vincent and the Grenadines and its lack of regulation generate a lot of uncertainty and financial insecurity. In addition to this, the company has complaints from financial regulators. BE VERY CAREFUL.
How to recover money from QUOTEX?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.