Quotex

Quotex Review – Is This Broker Really Safe?

In the world of online trading, finding a trustworthy broker is everything. You want a platform where your funds are secure, withdrawals are smooth, and trades are fair. But not every broker plays by the rules—and Quotex is a perfect example of why you need to be cautious.

At first glance, Quotex looks like a professional trading platform with a sleek website and strong marketing. They claim to offer fast execution, great trading conditions, and high payouts. But when we dug deeper, things started looking suspicious. From fake company history to no regulation and manipulated reviews, there are too many red flags to ignore.

So, is Quotex a real broker, or is it just another scam in disguise? Let’s break it down and see why trusting them could be a costly mistake.

Quotex – General Broker Information

Before trusting any broker, it’s crucial to look at the basic details—how they operate, their account types, leverage, and contact information. Here’s what we found about Quotex:

Key Observations

Lack of Trading Platform Information – A serious broker always provides clear details about their trading platform. But Quotex? No transparency.

Unregulated and Restricted in Major Countries – Many financial authorities have already banned Quotex, which is a huge warning sign.

Suspicious Reviews & High Trustpilot Score – Despite their 4.7-star rating, there are hundreds of complaints about blocked funds. Fake reviews seem to be inflating their reputation.

No Real Trading Accounts – A “Demo Account” with $300 is all they mention, but no details on real trading accounts or deposit conditions. Why so secretive?

Looking at this lack of transparency, combined with no regulation and misleading information, it’s clear that Quotex is not a broker you can trust. Would you risk your money with a company that hides critical details?

Quotex Review – Suspicious Domain Registration Date

When checking out a broker, one of the first things that raises a red flag is the date of domain registration. Why? Because a broker that claims to have years of experience should have a domain history to back that up. But with Quotex, something doesn’t quite add up.

This broker states that it was established in 2019. Sounds fine, right? But then we checked the actual date when their domain qxbroker.com was registered. Turns out, it was only purchased on May 19, 2021.

Now, let’s think for a moment. If Quotex had really been operating since 2019, why would they wait two whole years before securing their domain? A legitimate company would ensure their online presence aligns with their claimed operational history. Instead, we see a clear discrepancy—and discrepancies like this often indicate something shady.

A possible explanation? The company may have fabricated its founding date to appear more reliable. After all, a broker that’s been around longer might seem more trustworthy to unsuspecting traders. But in reality, this kind of mismatch between registration date and claimed experience is a common tactic among scam brokers.

Would you trust a financial platform that already starts with misleading information? Exactly. ​

Quotex Review – Fake or Missing License?

One of the most important things when choosing a broker is regulation. A legitimate broker must have a license from a recognized financial authority. This license ensures that they operate under strict rules, protect client funds, and are regularly audited. But what happens when a broker has no real license at all? Well, that’s exactly the case with Quotex.

No Regulatory Oversight – No Protection for Traders

Quotex operates without a license. This means there is zero regulatory body holding them accountable for how they handle traders’ money. If something goes wrong—withdrawals blocked, funds disappear, unfair trade manipulations—there’s no legal protection, no financial ombudsman to file complaints to, and no way to recover lost money.

Why Would a “Trusted” Broker Avoid Regulation?

Legitimate brokers actively seek regulation to prove their credibility and attract serious traders. After all, being licensed builds trust. So, why would Quotex refuse to get one? The answer is simple: regulation means rules—and scam brokers don’t like rules.

A licensed broker must:
✅ Keep client funds in separate accounts
✅ Provide clear and fair trading conditions
✅ Undergo audits and financial inspections
✅ Allow chargebacks and proper dispute resolution

Since Quotex doesn’t have any of these protections, they can do whatever they want with your money.

Banned in Multiple Countries

Interestingly, Quotex is restricted in the USA, Canada, Hong Kong, and EEA countries—regions with strict financial regulations. Authorities in these places clearly don’t trust this broker, so why should you?

With no oversight and a history of misleading information (remember the fake founding date?), trusting Quotex is a huge risk. Without regulation, there are no guarantees you’ll ever see your money again.

Quotex Review – Suspicious Reviews and Manipulated Ratings

A quick glance at Quotex’s Trustpilot score might make you think it’s a great platform. With a 4.7-star rating and over 4,600 reviews, it seems well-liked. But when we took a closer look, things started looking suspicious.

Too Many Positive Reviews in the Same Style

One of the first red flags? A large number of generic, overly positive reviews that all sound the same. Many of them are just a few lines, praising the platform in an unnatural way—like they were copy-pasted or written by the same person.

Real traders usually describe specific experiences, whether good or bad. They mention details about withdrawals, trading conditions, or customer service. But here? Most of the positive reviews are vague and repetitive, which is a common sign of fake or purchased reviews.

A High Number of Bad Reviews – And the Same Complaints

Now, let’s talk about the bad reviews. Despite the high overall rating, 212 users have left negative feedback, and the complaints all point to the same major issues:
❌ Blocked withdrawals – Many users report that after making profits, their accounts were suddenly blocked without explanation.
❌ Manipulated trades – Several traders claim that Quotex delays trade execution or alters prices unfairly.
❌ No customer support – Once issues arise, support either ignores users or gives generic responses without solving anything.

How Can a Broker Be “Great” While So Many Traders Lose Money?

Here’s the real question: If Quotex was truly reliable, would we see so many traders begging for their money back? Would there be hundreds of complaints about the same withdrawal issues? A legitimate broker doesn’t need to flood Trustpilot with fake praise—their good service speaks for itself.

Instead, it looks like Quotex is carefully maintaining an artificial reputation while real users are left in the dark. If a broker needs manipulated reviews to look trustworthy, can you really trust them with your money?

Quotex Review – A Broker You Should Avoid

After taking a deep dive into Quotex, the conclusion is clear: this is not a broker you can trust. From the start, we found multiple red flags that expose a pattern of deception and risk.

Fake Company History – They claim to be operational since 2019, yet their domain was only registered in 2021. Why the lie? Probably to appear more legitimate than they actually are.

No Regulation – Quotex operates without a license, meaning they can do whatever they want with your money. No oversight, no protection, no guarantees. If they decide to block your withdrawals or manipulate trades, there’s nothing you can do.

Suspicious Reviews – While they maintain a 4.7-star rating on Trustpilot, a closer look reveals obvious fake reviews and hundreds of complaints about blocked funds and account terminations.

Restricted in Major Countries – The fact that Quotex is banned in the USA, Canada, and EEA countries says a lot. These regions have strict financial regulations, and Quotex couldn’t pass the test.

So, what does all of this mean? Quotex follows the classic scam broker playbook—big promises, fake credibility, and no accountability. While some traders might get lucky and withdraw their money, countless others have already reported losing their funds with no way to get them back.

Would you really trust a broker that hides its real history, refuses regulation, and has a history of scamming users? The choice is yours, but trading with Quotex is playing with fire.