✔️ Information reviewed and updated in May 2024 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:

Basic Information

🌐 Websitequotex.io | quotex.com | quotexcorretora.com
🏠 Company*Maxbit LLC
RegulatoryNot regulated
📧 EmailContact from the website form
📈 LeadingOwn platform
📌 AddressSan Vicente y las Grenadines
🕑 Website ageWebsite registered on: January 6, 2020, June 4, 2003, November 13, 2021
Company typeCryptocurrency, 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.

Account types

The company does not provide information about having different types of accounts.

Information on the web

Web page
Here we show you a screenshot of the QUOTEX website, which is quotex.io. The capture was made in NOVEMBER 2023
quotex2 website
Here we show you a screenshot of the QUOTEX website, which is quotexcorretora.com. The capture was made in NOVEMBER 2023
Is Quotex scam scam?

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

Regulatory: 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. 🚨🚨

Updates

News about QUOTEX:

Date Update – news
June 2021Complaint against Quotex of CNMV.
December 2021Complaint against Quotex of CONSOB.

We note that the company already has complaints from financial regulators. Please be very careful!

User Reviews

[democracy id = ”8921 ″]

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.

FAQs

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.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

116 comments on «Quotex: opinion and comments – Is it a scam?»

  1. Stip Eddie Reply

    They suspended my account with a lot of money and with investment they left me with nothing I can do

    • Recommended-brokers.com Reply

      Hi Stip, thanks for commenting on Quotex. This broker is a SCAM. the CNMV (Spanish Financial Regulator) (see CNMV link) and CONSOB (Italian Financial Regulator) (see CONSOB link) have reported Quotex for fraudulent activities. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  2. Joshua Gonzalez Reply

    Hello, thank you for your analysis, very complete and detailed, to whomever it works, congratulations but be very careful ⚠️, by chance I received an advertisement from a certain magical trader on Tik Tok, who takes you to a telegram group, then sends you to open an account in quotex. In this group they offer you trading signals that you should copy using quotex, I don't know if it works but it is very suspicious. Please if anyone had any positive or negative experience about it, leave your comment, it would be very useful. I thank you again for the work of analyzing these types of sites.

    • Recommended-brokers.com Reply

      Hi Jossue, thanks for commenting on Quotex. This broker is a SCAM. the CNMV (Spanish Financial Regulator) (see CNMV link) and CONSOB (Italian Financial Regulator) (see CONSOB link) have reported Quotex for fraudulent activities. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  3. Kevin Reply

    I want to tell you that now they are saying from a YouTube channel called joice trader that they invented an AI of signals to make the most accurate operations, they take you to telegram and there they give you the information and what a coincidence that this AI is only compatible with quotex only and Now I come to find out what I just read, it almost came in but making money so quickly from this platform seems very strange to me. I hope people don't fall for this scam. Greetings people, Viva La Libertad Damn!!

    • Recommended-brokers.com Reply

      Hello Kevin, thank you for providing this interesting information, it helps many people. Thank you!.

      Greetings.

  4. Karla Reply

    Thank you I think you are right thank God My card could not be entered

    • Recommended-brokers.com Reply

      Hello Karla, also keep in mind that they sometimes save all the data they can to try to pass it again, perhaps it would be advisable to request a change of card number.

      Greetings.

  5. Bruno Rasmussen Reply

    Thank you very much for the analysis and for helping me recover my lost capital

    • Recommended-brokers.com Reply

      Hello Bruno, FANTASTIC!!!, how happy you give us, one more who has achieved it, from now on if you decide to invest, investigate the brokers before paying with your card, on our website you will find them all, read the review and the comments you find.

      If you have been affected by the same scam, you already know the way to recovery, contact CHAT or click here: CLAIM YOUR MONEY

      If you are looking for our recommendations click HERE

      Greetings and good luck.

  6. LUIS Reply

    HELLO TO ME, AFTER DEPOSITING THEY TELL ME THAT “MY ACCOUNT CANNOT BE VERIFIED” AND THEY DON'T GIVE ME MY MONEY BACK EITHER. THAT IS, THEY STOLEN EVERYTHING I DEPOSITED AND THEY DID NOT EVEN BOTHER TO RESPOND TO MY MESSAGES.

    IT'S A BRAZEN THEFT. I'M THINKING ABOUT REPORTING IN SOME WAY.

    • Recommended-brokers.com Reply

      Hello LUIS, they are gangsters, thanks for commenting on Quotex. This broker is a SCAM. the CNMV (Spanish Financial Regulator) (see CNMV link) and CONSOB (Italian Financial Regulator) (see CONSOB link) have reported Quotex for fraudulent activities. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

Leave your comment

Your email address will not be published. Required fields are marked with *