Quotex Review 2026

Quotex is a broker/online-trading brand in our historical database. Current review status: SECP warning — unauthorised platform in Pakistan. Pakistan’s Securities and Exchange Commission issued a public warning on 9 April 2025 naming Qxbroker (Quotex), linking the exact qxbroker.com/en/ website, and stating that Quotex is not authorised to operate in Pakistan. The current qxbroker.com site remains accessible and identifies ON SPOT GROUP LLC in St. Kitts and Nevis as its operator.

We do not assign normal commercial 'pros' to this profile because the overriding issue is regulatory status and client protection. The SECP advises the public in Pakistan not to open accounts, deposit funds or share personal/financial information with Quotex and says investors using unauthorised offshore platforms may lack local legal protection or recourse. This is a Pakistan-specific regulatory warning; we do not convert it into a broader unsupported claim that Quotex is fraudulent everywhere.

The primary concern is an authoritative regulator warning tied to the exact current qxbroker.com domain, combined with an offshore operating company and the absence of a regulator record in our evidence that would justify presenting Quotex as a normally licensed broker for the warned jurisdiction. The SECP advises the public in Pakistan not to open accounts, deposit funds or share personal/financial information with Quotex and says investors using unauthorised offshore platforms may lack local legal protection or recourse. This is a Pakistan-specific regulatory warning; we do not convert it into a broader unsupported claim that Quotex is fraudulent everywhere.

Quotex currently advertises a 30% first-deposit bonus when the first deposit is at least USD 100. The bonus is trading credit subject to platform terms; it should not be confused with withdrawable cash or regulatory protection.

The key fact is not a marketing feature but the regulatory record: The SECP press release dated 9 April 2025 explicitly names Qxbroker (Quotex), gives https://qxbroker.com/en/ as the platform address, states it is not authorised to operate in Pakistan and says the matter was referred to Pakistani enforcement and platform-access authorities.

Quotex appears in our legacy database under qxbroker.com. The current site is still operating and identifies ON SPOT GROUP LLC, Main Street, P.O. Box 625, Charlestown, St. Kitts and Nevis. Because of the regulator warning, we do not treat historical product, payout, leverage or funding claims as verified safety evidence.

We would not treat Quotex as a normal trusted regulated-broker recommendation. The SECP press release dated 9 April 2025 explicitly names Qxbroker (Quotex), gives https://qxbroker.com/en/ as the platform address, states it is not authorised to operate in Pakistan and says the matter was referred to Pakistani enforcement and platform-access authorities. The SECP advises the public in Pakistan not to open accounts, deposit funds or share personal/financial information with Quotex and says investors using unauthorised offshore platforms may lack local legal protection or recourse. This is a Pakistan-specific regulatory warning; we do not convert it into a broader unsupported claim that Quotex is fraudulent everywhere.

The SECP relationship is a warning, not a licence.

No independently issued, clearly dated 2026 award was verified. Quotex tournaments, customer ratings or in-house promotional labels are not treated as industry awards.

Historically Quotex marketed online leveraged or speculative trading services. We could not verify a current regulated offering for Quotex that would justify presenting old product claims as current. Because the regulatory/identity evidence is adverse or the former brokerage is no longer operating in the same form, old details about accounts, spreads, leverage, funding methods or platforms should not be treated as current unless independently confirmed.

Quotex publishes 24/7 online support through a ticket/request system. Current platform guidance says users should contact support through the account/site rather than trust unofficial social-media or messaging-app support.

The current operator disclosure names ON SPOT GROUP LLC, Main Street, P.O. Box 625, Charlestown, St. Kitts and Nevis. This identifies the company behind the current service but does not establish regulated investment-firm status.

Support quality should be judged by KYC, payment and complaint handling rather than sales responsiveness.

QX Academy/blog content covers platform use, risk management and trading concepts. It is useful for learning the interface, but it remains first-party content and does not reduce the significance of the SECP unauthorised-platform warning.

Digital-option trades are platform contracts with a fixed payout determined when the position is opened. They are not exchange-routed spot FX orders, so the review does not describe Quotex as ECN/STP or claim one-for-one external hedging.

The current QxBroker disclosure says the service is unavailable in EEA countries, the United States, Canada, Hong Kong and several other jurisdictions. Belgium is therefore unavailable and no Open Account CTA should be shown.

We do not identify a normal target customer for Quotex while this warning/status remains unresolved. Users looking for forex or CFD access should prefer a broker whose exact legal entity and permissions can be verified on the regulator's live register.

Anyone who needs regulated client-money protection, a formal complaints route or compensation-scheme eligibility should avoid relying on this historical profile. The SECP advises the public in Pakistan not to open accounts, deposit funds or share personal/financial information with Quotex and says investors using unauthorised offshore platforms may lack local legal protection or recourse. This is a Pakistan-specific regulatory warning; we do not convert it into a broader unsupported claim that Quotex is fraudulent everywhere.

Do not use coupon codes, deposit bonuses or referral offers as a reason to send funds. We could not verify a current regulated offering for Quotex that would justify presenting old product claims as current. Because the regulatory/identity evidence is adverse or the former brokerage is no longer operating in the same form, old details about accounts, spreads, leverage, funding methods or platforms should not be treated as current unless independently confirmed.

This is a fixed-payout digital-options model, not a standard spread-based forex account.

We do not provide account-opening instructions for this profile because of the current warning/status. Verify any firm independently with the relevant regulator before sending identification documents or money.

A demo environment, if one exists, does not establish that the underlying firm is authorised. We therefore do not treat demo availability as a safety signal.

This is not a prop-firm challenge review. Historical 'trading objectives' are not relevant to the core issue, which is whether the firm and legal entity are currently authorised and verifiable.

For Pakistani users, the SECP warning means Quotex should not be treated as an authorised local investment platform and users should not assume access to Pakistani regulated-broker protections. We found no basis to award normal regulated-broker client-protection credit to this profile.

Do not upload identity documents to an unverified domain or contact. If a firm requests KYC documents, first verify the exact legal entity and website against the regulator's register or warning notice.

The FAQ says withdrawals average one to five days and the minimum is generally USD 10 for most payment systems, while cryptocurrencies start around USD 50 and can be higher for some coins. Identity documents can be requested at the company’s discretion for AML/fraud controls.

Do not send new funds based on old funding instructions or account-manager messages. Verify the firm first; bank, card, crypto and e-wallet transfers can have very different recovery rights.

Any historical minimum-deposit figure is intentionally not repeated as a current fact. We could not verify a current regulated offering for Quotex that would justify presenting old product claims as current. Because the regulatory/identity evidence is adverse or the former brokerage is no longer operating in the same form, old details about accounts, spreads, leverage, funding methods or platforms should not be treated as current unless independently confirmed.

Current withdrawal channels could not be verified to our publication standard. If money is already on the platform, document every withdrawal request and avoid paying additional 'tax', 'unlock', 'verification' or 'release' fees without independent legal/regulatory confirmation.

If you already have funds with Quotex, submit any available withdrawal request through the account interface, save screenshots and correspondence, and escalate promptly to your bank/card issuer and the relevant regulator if funds are withheld. Do not send additional money merely to release a withdrawal.

We cannot verify reliable current payout performance. The SECP advises the public in Pakistan not to open accounts, deposit funds or share personal/financial information with Quotex and says investors using unauthorised offshore platforms may lack local legal protection or recourse. This is a Pakistan-specific regulatory warning; we do not convert it into a broader unsupported claim that Quotex is fraudulent everywhere.

Quotex states it charges no platform commission for deposits/withdrawals, although payment providers can charge fees or conversion markups. Trading economics are the fixed payout on a correct digital-option prediction versus loss of the stake on an incorrect prediction; comparing this to a 0.x-pip forex spread would be misleading.

Historical market lists are not repeated as current because the underlying operating status/authorisation is the more important issue. We could not verify a current regulated offering for Quotex that would justify presenting old product claims as current. Because the regulatory/identity evidence is adverse or the former brokerage is no longer operating in the same form, old details about accounts, spreads, leverage, funding methods or platforms should not be treated as current unless independently confirmed.

Quotex uses a proprietary browser/mobile platform with built-in indicators/signals and a demo account. No MetaTrader, MAM/PAMM or conventional ECN order-routing stack was verified; automated-software use is subject to platform rules.

Historical instrument claims are not presented as current. We could not verify a current regulated offering for Quotex that would justify presenting old product claims as current. Because the regulatory/identity evidence is adverse or the former brokerage is no longer operating in the same form, old details about accounts, spreads, leverage, funding methods or platforms should not be treated as current unless independently confirmed.

We do not publish historical server names as current connection instructions for a warning-status profile.

Current supported base currencies could not be independently verified and are not material to the safety conclusion.

Do not infer safety from the availability of cryptocurrency trading or crypto deposits. Crypto transfers can be especially difficult to reverse, so regulatory verification should come before funding.

Any historical leverage figure is intentionally not repeated as a current offer. High leverage materially increases loss risk and, for a warning-status firm, does not compensate for missing or adverse regulatory protection.

We do not provide instructions for increasing leverage on a warning-status profile. If you already have an account, reducing exposure and confirming withdrawal rights is more important than increasing leverage.

Historical spread claims are not presented as current because they cannot be independently verified to our standard. Very low advertised spreads should never be used as a substitute for checking authorisation and client-money protection.

We could not verify a current MAM/PAMM service that should be relied on. Managed-account claims add custody and discretionary-management risk and require especially careful regulatory verification.

Expert Advisor support, if historically offered, is not relevant to the current safety assessment and was not verified as a current feature.

Copy-trading availability does not establish regulatory status. We did not verify a current copy-trading service that should be relied on for a new account.