Disclosure: QT-Bot earns a commission when you register on Quotex through our partner link, and bot access requires that link. We still think you should know the risks below before you deposit.
Quick summary
| Type | Fixed-time / digital options and OTC pairs |
|---|---|
| Demo account | Yes, free |
| Top-tier regulation | No (FCA / ASIC / CySEC not listed) |
| Regulator warnings | Yes — e.g. CONSOB (Italy), CNMV (Spain) |
| Risk level | High |
Qutex, Qoutex or Quotex?
Thousands of people search for "qutex" and "qoutex" every month — they are simply misspellings of Quotex. The problem is that scammers know this too, and register look-alike domains. If you arrived here after typing a misspelling, use our Quotex login guide to find the correct sign-in page and check the domain carefully.
Who runs Quotex?
Quotex has been operated through several offshore companies over the years, with names such as Maxbit LLC and Awesomo Ltd reported in public records and reviews, and it has used multiple domains (including quotex.com, quotex.io and qxbroker.com). Changing entities and domains is common among offshore binary-options brokers, and it makes it harder for clients to know who is responsible if there is a dispute.
Regulation and regulator warnings
Quotex is not licensed by a major regulator. Italy's CONSOB warned in December 2021 that services were being offered through Quotex domains without authorisation, and Spain's CNMV has also issued an investor warning. Some reviews mention membership of the IFMRRC, which is a private organisation rather than a government regulator. In practice this means there is no deposit-protection scheme or official ombudsman if something goes wrong.
Platform features
- Clean web platform and Android app with fast order entry.
- Free demo account.
- Low minimum deposit and small minimum trade size.
- Many assets including currency, crypto, commodity and OTC pairs.
- Built-in indicators and drawing tools.
Pros and cons
Pros
- Easy to learn interface
- Free demo with virtual balance
- Low entry barrier
- Weekend OTC trading
Cons
- No top-tier regulation
- Regulator warnings in Europe
- All-or-nothing payouts favour the broker over time
- Restricted in several countries
Our verdict
Quotex is a popular, easy-to-use platform, but it is an offshore, high-risk product. If you choose to use it: start on demo, deposit only money you can afford to lose, complete verification before you need a withdrawal, and use tools like QT-Bot to slow down and trade fewer, better-reasoned setups — never to chase profits.
Quotex review FAQ
Is Quotex regulated?
Quotex does not hold a licence from a top-tier regulator such as the FCA, ASIC or CySEC. Over the years it has been run through offshore companies, and regulators including Italy's CONSOB and Spain's CNMV have published warnings about it.
Is 'Qutex' or 'Qoutex' the same as Quotex?
'Qutex' and 'Qoutex' are common misspellings people type when searching for Quotex. Be careful: look-alike spellings are also used by fake sites, so always check the exact domain before logging in.
Is Quotex legal in Pakistan or India?
Online binary options occupy a grey or restricted area in many countries, including in South Asia. Check your country's current rules and your bank's policy before depositing.
Can I withdraw money from Quotex?
Many users report withdrawals, but because the broker is offshore there is limited protection if something goes wrong. Complete verification early and withdraw to methods in your own name.
Sources include public warnings from CONSOB and CNMV and independent broker reviews. Regulatory status can change — always check your local regulator's current warning list.
Risk warning: Binary/digital options and Forex trading are high-risk and you can lose all the money you deposit. QT-Bot provides market analysis for education and decision support only — it is not financial advice and no signal or confidence score guarantees a profit. Quotex is not regulated by a top-tier regulator and is restricted in several countries; check the law where you live before trading. QT-Bot is an independent tool and is not owned by, affiliated with or endorsed by Quotex.