Quotex Review 2026: Is This Forex Broker Safe?

Quotex is a Saint Vincent broker established in 2020, according to the provided WikiFX profile. Its WikiFX Score is 1.53, and the available data shows that Quotex is not regulated by any verified financial authority. WikiFX also records three regulatory disclosures and states that user complaints received in the past three months reached 13, which points to a high-risk profile for traders considering this broker.

فہرست

01

Pros and Cons of Quotex

02

Quotex Regulation and License Safety

2.1

Risk Warning

2.2

Portugal CMVM Disclosure

2.3

Indonesia BAPPEBTI Disclosure

2.4

Malaysia SCM Disclosure

03

Real User Feedback and Complaints

3.1

Deposits Not Credited

3.2

Withdrawal Problems

3.3

Account Blocking and Quotex Login Issues

3.4

Affiliate Commission and Balance Manipulation Allegations

3.5

Customer Service Pattern

04

Final Verdict

Pros and Cons of Quotex

• ✅ Established in 2020, giving it several years of operating history in the available WikiFX record.
• ✅ Online customer support is listed, with contact options including email and social media channels.
• ✅ WikiFX notes that customer service supports five languages, while the detailed entries shown include German-language channels.
• ❌ No verified regulatory license is found in the provided WikiFX data.
• ❌ WikiFX records three regulatory disclosures involving warnings or blacklist-type information.
• ❌ The broker has a very low WikiFX Score of 1.53.
• ❌ WikiFX reports 13 user complaints in the past three months.
• ❌ User cases include repeated allegations of failed withdrawals, deposits not credited, account blocking, and funds being withheld.

Quotex Regulation and License Safety

The key safety issue in this Quotex review is regulation. The WikiFX safety section states that no relevant financial institution regulation was found for Quotex. In practical terms, this means the provided data does not show a valid license that would confirm regulatory oversight for client fund handling, dispute resolution, or market conduct.

The brokers regulator-country field is empty, and the listed regulators section is null. This is a major concern because traders generally rely on regulatory supervision to reduce counterparty risk and to have a formal complaint pathway if a broker refuses withdrawals or blocks access.

Risk Warning

Quotex is listed as unregulated in the provided WikiFX data. A low WikiFX Score of 1.53, combined with multiple regulatory disclosures and recent user complaints, indicates a high-risk broker profile. Traders should be especially cautious before depositing funds or relying on any promises related to bonuses, withdrawals, or account recovery.

Portugal CMVM Disclosure

The Portuguese Securities Market Commission, CMVM, issued an unauthorized warning related to Quotex / Maxbit LLC and QUOTEX / Awesomo Ltd. The disclosure states that the entities were not authorized or registered with CMVM to carry out financial intermediary activities in Portugal. The warning also referenced several Quotex-related websites and social media pages.

Indonesia BAPPEBTI Disclosure

The Indonesian Commodity Futures Trading Regulatory Agency, BAPPEBTI, included Quotex among blocked illegal commodity futures trading websites and domains. The disclosure described binary options applications as lacking legality in Indonesia and warned the public not to be easily tempted by advertising, promotions, or offers related to such platforms.

Malaysia SCM Disclosure

The Securities Commission Malaysia listed Quotex in an investor alert context. The disclosure stated that Quotex was associated with capital market activities involving securities dealing without the required license.

Real User Feedback and Complaints

The complaints supplied in the case text show several recurring themes: deposits allegedly not credited, withdrawal requests being rejected or reversed, account access restrictions, balance changes, and delayed or missing customer support responses.

Deposits Not Credited

Several users reported that funds were successfully sent from their payment method but did not appear in their Quotex trading balance. One case described a transfer through a wallet where the payment provider confirmed completion, while Quotex allegedly said the funds had not been received and did not provide a solution.

Another user stated that a deposit equivalent to 50 USD was debited from a bank account, but the amount was not added to the trading account. The user also alleged that support did not provide a satisfactory reply for many days.

A further complaint involved a 100 USD deposit that was allegedly transferred successfully but remained at a zero balance on the Quotex account. The user claimed this was not the first time the same deposit-crediting issue had occurred.

Withdrawal Problems

Multiple users reported being unable to withdraw funds. In one case, a user said a 200 USD deposit was made, but later withdrawal attempts were repeatedly reversed by the financial provider. The message shown to the user allegedly stated that the account number was incorrect or entered incorrectly, even though the user believed the details were valid.

Another user said they attempted to withdraw six times, but the platform kept returning the withdrawal request while saying that some details did not match. The user claimed support only advised them to verify their data and did not identify which specific detail was wrong.

A separate complaint alleged that when the account balance increased, the user was asked to deposit more funds and later pay a tax before withdrawing. This type of complaint is particularly concerning because it suggests additional payment demands connected to withdrawal access.

Account Blocking and Quotex Login Issues

Users have reported difficulties with the Quotex login process when account access was blocked or suspended around withdrawal attempts. One user said an account that had grown from 800 USD plus a 400 USD bonus to 3,370 USD was blocked after the user decided to withdraw. The complaint states that only 680 USD was made available for withdrawal due to alleged bonus abuse.

Another user alleged that after depositing significant funds and growing the balance to 43,000 USD through trading, the account was suspended during a withdrawal attempt with no reason given. The complaint claimed the broker allowed losses but blocked a profitable account.

Affiliate Commission and Balance Manipulation Allegations

One complaint came from a self-described official affiliate partner who alleged that Quotex withheld 24,340 USD in affiliate commissions. The user stated that the funds were legitimate marketing revenues shown in an affiliate dashboard and claimed that multiple withdrawal requests were blocked.

Another user alleged account manipulation, stating that after a successful operation and a balance of 150 USDT, the account later showed only 70 USDT. The user claimed support did not provide a useful explanation after being contacted with an account ID.

Customer Service Pattern

The WikiFX customer-service summary says Quotex can be contacted by email and instant communication software, but response times may be long. This aligns with several user complaints that describe delayed replies, unresolved deposit problems, and withdrawal disputes where users felt they were not given a clear solution.

Final Verdict

Based strictly on the provided WikiFX data, Quotex appears to be a high-risk broker. The main concerns are its unregulated status, WikiFX Score of 1.53, three regulatory disclosures, and a pattern of user complaints involving deposits, withdrawals, account blocking, and alleged withholding of funds. While Quotex has been operating since 2020 and lists online support channels, these positives do not offset the regulatory and complaint-related risks shown in the available record.

For traders reviewing Quotex, the safest approach is to treat the broker with extreme caution and avoid depositing funds unless the regulatory status, withdrawal process, and account-access risks are fully understood.

To stay safe and view the latest regulatory certificates, check Quotex on the WikiFX App.