The short answer
Quotex appears to be a real, operating broker, but our review found meaningful caveats (see the red flags below). It is not an outright scam signal, but do your own checks first.
Regulation & legitimacy signals
Regulator needs to be verified in the user's jurisdiction
Green flags & red flags
- Very low minimum deposit (USD 10)
- Large demo account (USD 10,000) for risk-free practice
- Simple, beginner-friendly platform interface
- Regulatory status not independently verified
- Fixed-time products are structurally very high-risk
- Contract payout–based, not spread — effective cost is hard to compare
Risk & regulation note
Fixed-time price-prediction products still carry the probability of losing the entire transaction value. Make sure the service is legal in your country.
How to verify Quotex yourself
- 1Check the regulator's database
Look up Quotex's license number directly on the regulator's official website (e.g. FCA, ASIC, CySEC, CFTC). A real license appears in the regulator's public register.
- 2Confirm the entity that serves your country
Many brokers use different legal entities per region — a tier-1 license in one country may not cover you. Check which entity you're signing up with.
- 3Search for withdrawal complaints
Look for consistent, credible reports of withdrawal problems (not one-off angry posts). Test with a small deposit and a withdrawal before committing more.
- 4Verify the official domain
Only use the official site (qxbroker.com). Scammers clone broker sites — check the exact URL and avoid links from unsolicited messages.
Other Quotex guides
Update history
- 2026-07-22
Assessment based on our latest editorial review.