Warning: Is Quotex a Scam?

Review: Quotex ( quotex.com)

Be careful of Quotex ( quotex.com); it displays many indicators of a fraudulent scheme.

Quotex claims to be a financial firm, but it appears not authorized by any top-tier financial regulator.

Cannot Withdraw from Quotex?

If you believe you have been tricked by Quotex, act immediately. Submit the inquiry below to consult recovery experts for a no-obligation consultation.

Is Quotex Legit?

The biggest issue is that Quotex ( quotex.com) is unauthorized to operate.

Trading with unregulated firms is extremely dangerous. Trusted firms are must be authorized with bodies like the FCA, CySEC, or CFTC to ensure consumer safety.

Quotex operates without this protection. This means there is no safety net if they withhold your funds. Many investment fraud use unregulated entities, and getting back funds from them is challenging without professional assistance.

For example, in the UK, unlicensed firms are outside the jurisdiction of the compensation schemes. In America, they are not part of SIPC, so your capital is at risk.

How They Steal Money

Online trading fraud is evolving. Criminals use psychological tricks to steal wealth. Below are common methods used by sites similar to Quotex ( quotex.com).

Pig Butchering & Romance Scams

"Pig Butchering" is a cruel tactic where scammers build trust over months. They build a romance on social media. Eventually, they introduce a secret crypto opportunity. It is a lie to lure you onto a fake platform like Quotex.

Fake Trading Dashboards

Fraudsters create websites that mimic real trading apps. They have charts and balances that go up. But it is a game. The scammer manipulates the prices to convince you so you invest more. If you ask for a payout, the "profits" are gone.

Other Warning Signs

• Unsolicited Contact: They call you from "brokers" out of the blue.
• No License: The firm has no authorization.
• Guaranteed Profits: They promise huge profits or risk-free trades.
• Cannot Withdraw: You cannot get your money out. They demand "tax fees" before releasing funds.
• Aggressive Sales: "Account managers" pressure you to deposit more.

Do not trust positive ratings. Scammers frequently post their own positive reviews to look legitimate.

Final Thoughts

We advise against Quotex. It is likely a scam. Protect your money and find a licensed broker. Avoid quotex.com at all costs.