Forex Quotex Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.5

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.7

Business 1.0

Risk Control 1.3

Software 2.0

Regulatory 1.5

Terminal Snapshot

Quotex Trading Conditions

Registered Region Saint Vincent and the Grenadines

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@quotex.io

Contact Number N/A

Website quotex.io

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including Forex, commodities, and cryptocurrencies
User-friendly proprietary trading platform available on web and mobile
Unlimited demo account for practice without financial risk
24/7 customer support accessible through multiple channels
Low minimum deposit requirement of $50

Cons

Not regulated by any recognized financial authority
Potential difficulties in fund withdrawals reported by users
Lack of advanced educational resources for traders
Limited support for specific trading strategies and tools
Complaints regarding account manipulation and customer service responsiveness

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Quotex	Anzo Capital	Focus Markets	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Saint Vincent and the Grenadines	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.5/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Quotex Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Standard Account	Beginners	Low minimum deposit, user-friendly interface	Suitable for small-capital practice
Demo Account	All traders	Unlimited virtual funds for practice	Great for testing strategies without risk

Account Opening Process

To open an account with Quotex, traders need to follow these steps: First, submit personal information including name, email, and phone number. Next, provide employment details and financial information. After that, identity verification is required, which includes submitting a valid ID and proof of address. Lastly, traders have the flexibility to upgrade their accounts to a professional level in the future based on their trading needs and experience.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$0	Competitive spreads for major pairs
CFDs (Stocks, Indices, Commodities)	Varies	$0	Offers a range of popular assets
Cryptocurrencies	Varies	$0	Includes popular currencies like BTC and ETH

Other Fees

Traders should be aware of several potential fees, which may include deposit and withdrawal fees depending on the payment method used. Inactivity fees may apply if there is no trading activity for an extended period. Additionally, there may be overnight interest charges (swap rates) for holding positions overnight, as well as currency conversion fees if applicable.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Quotex User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

GopalKumar

India

★ ★ ★ ★ ★

I deposited money through the QR code provided by Quotex, but they never credited it to my trading account. Despite several messages, I received no satisfactory reply, and the support team often takes days to respond. This experience has been frustrating and I feel like I’m dealing with a scam.

javier lopez

Argentina

★ ★ ★ ★ ★

Initially, I had no issues with deposits, but as my account grew, I faced problems withdrawing my earnings. They asked for additional deposits to continue trading, which raised red flags for me. I wouldn’t recommend this broker based on my experience.

Rajaammal

India

★ ★ ★ ★ ★

Quotex is the best platform I’ve ever used. The charts are nice, and there’s a wide range of currency pairs to trade. I’ve never faced any issues with my cryptocurrency withdrawals and deposits, making it a reliable choice for trading.

FX4226794202

Iran

★ ★ ★ ★ ★

My experience with Quotex has been largely positive. The platform is clean and fast, and I appreciate the $10,000 demo account for testing. Withdrawals have been quick, and I find the minimum deposit of $10 very beginner-friendly.

Saint Vincent and the Grenadines Market