✔️ 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
| 🌐 Website | quotex.io | quotex.com | quotexcorretora.com |
| 🏠 Company* | Maxbit LLC |
| ️ Regulatory | Not regulated |
| Contact from the website form | |
| 📈 Leading | Own platform |
| 📌 Direction | 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.
Account types
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
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 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!
User Reviews
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.
Hello, it's been more than 4 weeks. I deposited money with them and it says “DEPOSIT FAILED”
And they don't refund my money nor does the money show up in my Quotex account. I feel completely scammed. Can it be reported in any way? They are thiefs.
Hello Carlos, 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.
Hello, I have been trying to withdraw for 1 month, I write emails, call them and they still have not given me any solution. I feel completely scammed. I have tests, emails, Quotex messages.
Any ideas on how I can recover it? They are scammers.
Hello Mari, 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.
Hello, I am having problems with the Quotex broker, when I want to make my withdrawal it tells me that they send me a code but I never receive any email, please help me get my money back, thank you very much.
Hello Ezequiel, 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.
You have to go look for them at the offices and beat them all up THEY ARE THIEVES!!!!
THIEVES!!
Hello Diego, they are gangsters, thanks for commenting on Quotex. This broker is a SCAM. the CNMV (Financial Regulator of Spain) (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.
Quotex tells me deposit failed... and where is my money? If someone was able to solve it, please pass on the information.
Greetings, I have already made 4 deposits and it says failed.
Hello Jose, better not try it again since you will lose everything.
Greetings.
hello, I also have problems withdrawing my money,,,, I feel completely scammed! aid!!!
Hello Daniel, they are gangsters, thanks for commenting on Quotex. This broker is a SCAM. the CNMV (Financial Regulator of Spain) (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.
Be careful, they have already been denounced by the Italian and Spanish authorities for defrauding thousands of Spanish and Italians…. Be very careful, they are cheats and traitors!!! when you want to withdraw your money they start to have a thousand problems, buts and excuses… AND THEY NEVER GIVE YOU YOUR MONEY! NEITHER THE WINNINGS OR THE INITIAL DEPOSIT!! NOTHING AT ALL! EVERYTHING FOR THEM!
Hello anTO, they are gangsters, thanks for commenting on Quotex. This broker is a SCAM. the CNMV (Financial Regulator of Spain) (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.
Hello, well, I also have problems when I want to make my withdrawal. Basically everything works great, but when I want to withdraw my money it just doesn't come back to me. They have asked me for a thousand different things, documents and papers, I have given them everything they ask for and even so, I have not been able to withdraw my capital for more than a month. So I do not recommend them at all, so far it has been a very bad experience and above all very desperate. I feel like I won't get my money back.
regards
Hi Maria, they are gangsters, thanks for commenting on Quotex. This broker is a SCAM. the CNMV (Financial Regulator of Spain) (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.
I made a deposit of 30USD to test the platform, that gave me confidence because the collector is the same as Libertex, and with Libertex I have had no problems withdrawing. The thing is that after making some operations, I decided to withdraw money with profits, so far everything was correct and I had no problem with the information they asked me for, such as my bank account number, the code that I received by mail and everything was looked correct. Now I'm sure it's a scam because I've been waiting for the funds to be deposited for two days, with no news. it is definitely a scam