Overall Rating: ★☆☆☆☆ (1.7/5.0)

Quotex is a binary options and CFD broker offering trading in a variety of financial instruments such as forex, stocks, cryptocurrencies, and commodities. Launched in 2020, Quotex operates with no clear regulatory oversight and offers a proprietary web-based platform aimed at beginner traders. Despite its modern interface, Quotex has attracted significant criticism for its lack of transparency, poor customer service, withdrawal issues, and lack of regulatory protection, which raises red flags for those considering investing.

This Quotex review examines the broker’s trading environment, key features, and potential risks for traders in 2025.

Key Features

Quotex targets retail traders with a simple platform, high leverage, and easy access to financial markets, but it lacks the professional-grade features that more established brokers offer.

• Trading Platforms:
  • Proprietary WebTrader (accessible on mobile and browser)
• Markets Offered:
  • Forex, cryptocurrencies, commodities, and stocks (limited to CFDs and binary options)
• Account Types:
  • Basic account with fixed leverage
  • No separate professional accounts or advanced options
• Leverage:
  • Up to 1:500
• Minimum Deposit:
  • $10
• Funding Methods:
  • Credit/debit cards, wire transfers, crypto (Bitcoin, Ethereum)

Regulation and Security

Quotex is unregulated and does not operate under the supervision of any major financial authority, which is a significant risk for potential traders.

• No regulation from any financial authority (FCA, CySEC, ASIC, etc.)
• No investor protection or compensation scheme
• No transparency regarding ownership or physical office locations
• Client funds not segregated
• No negative balance protection for clients

Pricing and Costs

Quotex offers commission-free trading, but the spread on assets and the fees for withdrawing funds are not fully transparent.

• Spreads:
  • Not clearly disclosed
• Commissions:
  • Zero commission on trades
• Deposit/Withdrawal Fees:
  • Withdrawal fees reported, with delays in processing
• Inactivity Fee:
  • $10/month after 6 months of inactivity

Educational Resources and Customer Support

Quotex provides limited educational resources, and customer support has been the subject of many negative reviews.

• Education:
  • Basic video tutorials on using the platform
  • No advanced trading guides or webinars
• Market Analysis:
  • None available
• Customer Support:
  • 24/7 live chat and email support
  • Reports of slow response times
  • No phone support, and multiple reports of unresolved issues

Risk Management Tools

Quotex offers basic risk management tools, but these fall short of the features typically found in established brokers.

• Stop-loss and take-profit orders available
• No guaranteed stop-loss orders (GSLOs)
• No margin alerts or automated risk management tools
• No protection from negative balance

Pros and Cons

Pros

• Low minimum deposit requirement ($10)
• Supports cryptocurrency deposits
• Simple proprietary platform for beginner traders

Cons

• Unregulated and operates offshore
• No investor protection or compensation scheme
• Withdrawals take time and incur fees
• Limited educational resources and market analysis
• Customer support reported as slow and unresponsive
• No advanced risk management tools

Conclusion: Is Quotex the Right Choice?

Quotex is a high-risk broker that should be avoided by serious traders. While it offers low entry requirements and a simple platform, the lack of regulation, poor customer service, and withdrawal issues make it unsuitable for anyone looking for a reliable and secure trading experience. Traders seeking a safer environment should opt for regulated brokers such as AvaTrade, Pepperstone, or IC Markets.