Quotex is an online brokerage firm that offers trading services for various financial instruments such as forex, commodities, and indices. Whether Quotex is a licensed broker is important for traders before investing.
Is Quotex a Licensed Broker?
When we searched online for their license information, we found that they don’t have any information about this. We also searched several regulatory websites, such as FCA, FinCEN, and others, but they didn’t have any information about them.
Why Should Not You Trust an Unlicensed Broker?
Traders should not trust an unlicensed broker because they are not subject to regulations and oversight. This means that they may not follow proper business practices and may not have the necessary measures to protect traders’ funds. Additionally, unlicensed brokers may not be held accountable for their actions, making it difficult for traders to seek compensation if they are scammed.
Can Quotex Be Trusted?
No, they should not be trusted. They don’t have any license or fall under any regulation. Also, their withdrawal policy is unclear, and they have a minimum deposit amount. With all of these signs, we recommend not trusting Quotex.
What Do Traders Think Of Quotex?
When we searched online and on social media, we found several negative reviews and complaints. Also, we received numerous complaints against them. Most of them are based on their withdrawal policy and account ban.
Scammed by Quotex Broker? – Talk To Our Experts:
If you believe you have been scammed by Quotex, it is important to contact an expert for help. Just submit a report to us. We will analyze the case and will provide you with a free consultation. Also, we will give you some best recovery service recommendations to help you to recover the lost funds.