Reviews of real users about the broker - scammer

Exposing the scam broker

From time to time there are organizations providing brokerage services in the Forex market. In order for users to understand who they can trust, we made a review of QUOTEX operating in England.

Our experts examined the site, data from official sources of information.

Official site - review is a normal web site with minimal data. The visitor is immediately offered to get acquainted with the tariff plan, register a personal account and “trade on Forex”.
Contact information - phone number and specified address.
Lack of information about the experience of providing services, obtained licenses and certified documents, algorithms for interacting with traders.
In addition, for the review of, our staff studied the domain details. We found that the domain name was registered for less than thirty days.
More information can be found in your personal account.
Thus, it can be firmly stated that very little data is published on the website, which accordingly creates doubts.

Overview of QUOTEX - the legal address of the company

After analyzing the address written on the website, our employees found many references to illegal activities, also related to fraud in the Forex market.
Our specialists did not reveal any facts indicating that there is a real organization at the official address with
Additionally, it is suspicious that the official address of QUOTEX is not in the UK, where the company operates, but in another country. review - phone

Having studied the phone number, our experts have identified information about its use in fraudulent transactions. Previously, the phone number was also associated with criminals who pretended to be middlemen in the Forex market.

QUOTEX review - online reviews

An important part of the QUOTEX review is the study of reviews on the Internet. On the website, we have identified several formulaic, inaccurate reviews with fake photos and false identities.
In the search, the results showed our staff a large number of negative reviews and reviews.
As a rule, people report the inability to withdraw money, the poor performance of the software, and the boorish behavior of the administration.
Therefore, if you look at the references on the Internet, QUOTEX are deceivers.

Gifts for account registration from QUOTEX

Basically, young firms providing services on Forex give gifts to registered clients for creating an account. As a rule, these are some positive gifts, for example, recommendations from analytics specialists. And yet, on the official website of and in promotional materials, we found data on gifts in the amount of the first deposit. You need to keep in mind that these are deposits that an Internet broker gives people to earn money on Forex, and not some tokens that do not go beyond the system.
This is very suspicious because with such gifts, the time for making a profit from people is stretched, with tangible spending.
Theoretically, you might think that the reason is the amazing generosity of QUOTEX, but in practice everything is much simpler. Contributions do not go beyond the system, as the whole work of is a scam.

Account types for

On the official website of, you can find several types of accounts that differ not only in the features of the work, but also in the size of the initial deposits. This is a standard technique for motivating traders to make big investments, to acquire an expensive account.
Clients can be offered personal expert advice, insured trades, access to exclusive information. However, this is all a scam, only used to get money.
You need to know that no matter how many deposits you invest, they will go to the criminals, since QUOTEX are criminals.


Leverage is a common tool for making money on Forex, which makes it possible to trade for an amount significantly larger than the user has. The missing investment is borrowed from the broker. Organizations that provide their users with the opportunity to trade with significant leverage take a big risk, and therefore give this option only to skilled players. But QUOTEX are scammers, so they use leverage to drive their users into loans and demand payment of a fake debt.

Refund Time

Users trade in the Forex financial market to make a profit. Naturally, this is impossible without receiving investments. Accordingly, the question arises: "does QUOTEX have a time frame for withdrawing funds"? On the website, we found information that the withdrawal of investments is carried out in an instant and without deductions. In practice, even serious, legal brokers do not always offer such conditions. What's the catch?
The fact is that are scammers and do not plan to give customers the opportunity to withdraw their investments. Therefore, they will promise attractive working conditions. But all their oaths are lies.

Reviews appeared before QUOTEX appeared

As our employees have already said above, the QUOTEX website has been created for less than a month. And yet, on popular portals, you can find references two months ago.
Most likely, employees, before starting the scam, ordered custom mentions on popular portals so that traders would get the impression that the brand had been operating for a long time.

Some of the mentions about

QUOTEX review - trial period

The website does not offer demo access to programs that allow you to understand the level of service.
QUOTEX managers want the user to immediately transfer confidential data to them and pay the smallest payment.

QUOTEX review - withdrawal of money

Theoretically, the withdrawal of the trader's money occurs using the form on the official website of QUOTEX. It makes one doubt that any visitor can use it without a registered account. Therefore, the appeal will be checked manually, which is unrealistic with a significant number of traders.
Our experts concluded that this form was created only to demonstrate to potential victims the ability to withdraw money, but in fact it will not work.


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