Is Quotex A Legit Broker?

@sandy20 - 11 months ago - Forex Brokers

Hello Members,

Please is Quotex Broker regulated? I cant seem to find theor regulation information on their website https://qxbroker.com/

@amosglad01 - 11 months ago

I checked the Quotex Trading website and I noticed they did not display their regulation information so Quotex Trading must be an unregulated broker.

Quotex also has some negative reviews online on Reddit & Quora.

Quotex was also placed on an investor alert list by the Securities Commission of Malaysia for illegally dealing in securities. https://www.sc.com.my/investor-alert-list

The danger of trading with an unregulated broker is that they can choose to close shop or they can refuse to pay out your profits and there will be no one you can report to since they are unregulated.