Is Quotex a scam?
Wikilix independent safety report
No, Quotex is not a regulated broker, and we assess the risk of fraud as high. It holds no financial licence anywhere in the world, and four national regulators have formally named its own websites,…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Broker Summary
What Wikilix has recorded about Quotex: its history, the licences it holds, its trading conditions and its fees.
Where Quotex’ figures come from
quotex.io does not accept automated visits. Every request from our systems is answered with a security check that never completes, and that was true on four separate network routes. This is a common protection and says nothing about the broker. It does mean the usual automatic re-check cannot run on this site.
So a person opened the site in an ordinary browser on 20 September 2026 and read the pages directly. The minimum deposit comes from the broker’s own home page, where it is stated twice. Quotex publishes no named account types at all, so none are listed. This reflects the site itself, not missing data. Each figure below records the exact page it came from, and anything the site does not publish has been left out rather than guessed.
Quotex Broker Overview
Quotex is an online trading brand that WIKILIX records as operating since 2020. The platform is reached at quotex.io, and the same operation also runs the domain qxbroker.com. The client facing legal documents name ON SPOT GROUP LLC as the contracting company, and the brand is separately recorded under the name Maxbit LLC. There is no confirmed financial regulation for either name, and an account opens from a minimum deposit of 10 USD.
Quotex Regulation and License
No financial services licence is recorded for Quotex. WIKILIX holds no regulator, no licence number and no licence type for the brand or for ON SPOT GROUP LLC, so the regulatory position is unconfirmed rather than authorised. The operating entity presents itself as a company incorporated in Saint Kitts and Nevis, at Main Street, P.O. Box 625, Charlestown. A company incorporation of that kind establishes only that a company exists. It is not financial regulation, it is not supervision of client money, and it does not authorise a firm to take retail deposits or to offer leveraged products.
The contact details published for the brand give a separate address in Saint Vincent and the Grenadines, at First Floor, First St Vincent Bank LTD Building, James Street, Kingstown. Two jurisdictions across one brand is worth a reader's attention, because it makes the question of which company and which law govern an account harder to answer.
Is Quotex Regulated?
No. On the evidence WIKILIX holds, Quotex has no confirmed licence from any financial regulator. A trader dealing with the brand should assume that the protections which accompany a regulated broker, such as an independent complaints route, segregation requirements for client money and access to a compensation scheme, are not available.
ON SPOT GROUP LLC
ON SPOT GROUP LLC is the company named in the Quotex legal documents as the party a client contracts with, and it is named as the owner of the quotex.io domain. The brand is separately recorded under the name Maxbit LLC. Neither name has been confirmed against an official company registry, and the two have not been reconciled to a single operator, so the corporate structure behind the brand should be treated as only partly established.
Is Quotex Safe?
Quotex cannot be described as safe in the way a regulated broker can. The absence of a confirmed licence is the central point, because it removes the supervision, the client money rules and the independent dispute route that make a broker's undertakings enforceable. Set against that, the brand is not new, having operated since 2020, it publishes a working support channel, and it states a low entry cost. Those points are real but modest, and none of them substitutes for regulation. Money placed with the brand should be treated as fully at risk.
Quotex Account Types
WIKILIX records a single standard account for the brand, opening from a minimum deposit of 10 USD. Further tiers, if the broker offers any, are not established in this record.
Quotex Support
Support is offered by email at support@quotex.io and through live chat during business hours, in English. No telephone number is published for client support, which leaves email and chat as the only routes available to a funded account with a problem.
Quotex Pros and Cons
- Low entry cost, with an account opening from 10 USD.
- An operating history running back to 2020.
- Email and live chat support in English.
- No confirmed financial regulation, and no licence on record.
- A corporate picture that spans two company names and two jurisdictions and is not fully reconciled.
- No published telephone contact for client support.
Quotex Review and Assessment
Quotex is a low cost trading brand whose commercial offer is easy to access and whose regulatory standing is not established. The most important consideration before funding an account is that no regulator has been confirmed as supervising the firm, which means there is no authority to appeal to and no statutory protection for the balance held. Anyone who proceeds should commit only money they can afford to lose outright.
Website snapshots
2 full-page captures of Quotex's own site, archived so what they said can still be read after the pages change.
Regulatory Licenses
We have not confirmed any regulation for Quotex. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for Quotex. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Account Types
One account type on record. Minimum deposit from USD 10.
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| RegularStandard | USD 10 | Not recorded | Not specified |
Country availability
Where Quotex says it will and won't take clients
Confirmed blocked
Named in the broker's own terms
Show 60 moreShow fewer
Covered by a parent block
Territories a blocked country carries with it
How we know — 10 sources
- 1The refused jurisdictions are those named in clause 4.2.2 of the broker's Service Agreement, under which the client guarantees that he is not a resident of the United States/US territories and/or the listed regions: https://qxbroker.com/documents/en/Service_Agreement_QTX.pdf
- 2Clause 4.2.2 prints Canada, Guam and Japan twice each, and names Denmark between Czech Republic and Estonia; the duplicates are the document's own wording and each jurisdiction is recorded once.
- 3American Samoa counts as a dependent territory, not a named refusal. Clause 4.2.2 names "US territories" as a category and names Guam, Northern Mariana Islands, Puerto Rico, US Outlying Islands and US Virgin Islands one by one. American Samoa falls under the category but is not named.
- 4No other territories are added. Clause 4.2.2 names the United Kingdom, France, Denmark, Norway, Australia, New Zealand, China and the Netherlands without mentioning their overseas territories or crown dependencies. It lists the territories it does mean one by one (British Virgin Islands, Caribbean Netherlands, Hong Kong SAR), so the refused list covers only what the clause names.
- 5No accepted list is given. The broker's pages publish no list of accepted countries, and the absence of a refusal is not acceptance.
- 6The agreement's annexes add no country restriction: the Non-Trading Operations Regulations covering KYC, AML, deposits and withdrawals defers to the legislation of "the country under whose jurisdiction this operation falls" without naming one (clauses 4.2, 5.3 and 7.2.1), and the Risk Disclosure names no jurisdiction. https://qxbroker.com/documents/en/Non-Trading_Operations_Regulations_QTX.pdf
- 7A dedicated restricted-countries page, the help centre and the registration form's own country selector are not covered here, so the confirmed list rests on the client agreement alone.
- 8Clause 4.2.2 names Iran, so Iran is a confirmed refusal. The broker's Persian-language site variant at https://qxbroker.com/fa/ is not covered here, and the document tree publishes no Persian-language legal text, so no page of the broker's own qualifies that clause.
- 9The document carrying clause 4.2.2 is published by ON SPOT LLC GROUP, registered in St. Kitts and Nevis, and names https://qxbroker.com/ as the company's website; the entity listed for this broker here is Maxbit LLC. The country policy is taken from that document as the broker's own current terms.
- 10The legal document tree serves the agreement in English, Russian, Portuguese and Hindi only; no Persian, Spanish, Arabic, Indonesian, Turkish, French, German, Thai or Vietnamese version is published there.
Global Domains
8 domains on record. All active and served over HTTPS.
Corporate Network
One legal entity behind the Quotex brand.
- ON SPOT GROUP LLCActiveSaint Kitts and NevisOperating entity named in the site footer as the owner of the quotex.io domain, and named as the contracting company in the client facing legal documents, which print the same name with the LLC suffix transposed.
Company Registration
Quotex names ON SPOT GROUP LLC as the operating company. We could not confirm that registration on the registry.
- Legal entity
- ON SPOT GROUP LLC
- Jurisdiction
- Saint Kitts and Nevis
- Registered address
- Main Street, P.O. Box 625, Charlestown, St. Kitts and Nevis
Brokers worth comparing
2 other brokers on the record share what Quotex offers — its country, regulator, account types or platforms — set beside it on the same measures.
Quotex
This recordSaint Vincent and the Grenadines · since 2020· Maxbit LLCWikilix score 20.0RegulationNo RegulationMax leverageNot recordedPlatformsNot recordedLicencesNot recordedLXFX
Saint Vincent and the Grenadines · since 2009· Link Global Markets LLCWikilix score 20.0RegulationOffshoreFSAMax leverageNot recordedPlatforms1Licences1FCX
Wikilix score 29.0RegulationRegulatedFinCENMax leverage1:500Platforms1Licences1
Frequently Asked Questions
Common questions about Quotex
Comments
Share your thoughts and experiences with Quotex