Quotex is a regulated by International Financial Market Relations Regulation Center (IFMRRC). The broker has gained quite a reputation among traders by receiving 4 and 5 star ratings on major user review websites, including Trustpilot.
Is Quotex broker regulated?
As mention in the Quotex review article, the broker is regulated by the International Financial Market Relations Regulation Center (IFMRRC). This independent entity is dedicated to upholding the quality and dependability of financial services offered by brokers and other market players.
By securing IFMRRC certification, Quotex showcases its dedication to high service standards and client security. This regulatory oversight gives traders additional assurance, knowing that Quotex complies with the established guidelines and practices of a reputable regulatory organization.
Why is Quotex not regulated by any reliable financial authority?
While Quotex is regulated by the International Financial Market Relations Regulation Center (IFMRRC), it's important to note that the IFMRRC is not considered a traditional financial authority like a central bank or securities commission. This has led some to question the broker's regulatory status. Quotex regulation factors to consider:
- Binary options regulation varies by jurisdiction: The legal status of binary options trading differs from country to country. In some regions, binary options are strictly regulated, while in others, they operate in a legal grey area;
- Quotex's commitment to security: The broker implements strong security measures, including fund segregation and data encryption, which are hallmarks of reputable financial institutions;
- Compliance with local laws: Quotex adheres to local regulations and does not accept clients from jurisdictions where binary options trading is prohibited;
- Transparent business practices: The broker maintains clear terms and conditions and provides detailed information about its operations.
Quotex scores on review websites
To get a comprehensive view of Quotex's reputation, it's essential to look at user reviews across various platforms. Quotex scores on user review websites:
- Quotex scores on Trustpilot (4.7/5);
- Scores on REVIEWS.io (5/5).
Scores on Trustpilot
Quotex has garnered significant attention on Trustpilot, with an impressive overall rating of 4.7 out of 5 stars in November 2024.
Here's what users are saying:
Positive aspects | Areas for improvement |
User-friendly interface | Some users reported account bans |
Fast trade execution | Occasional delays in deposit crediting |
Wide range of assets | Customer support responsiveness could be better |
Helpful customer support | - |
Overall, Trustpilot reviews suggest that this is a well-regarded binary options broker, particularly suitable for beginners due to its ease of use and range of features.
Scores on REVIEWS.io
Quotex has received overwhelmingly positive feedback on REVIEWS.io, boasting a remarkable rating of 5 out of 5 based on over 34,000 reviews. Key highlights include:
- 98% of reviewers recommend the platform;
- Users praise the intuitive design and comprehensive features;
- Many traders report making significant profits through Quotex;
- Fast and reliable deposit and withdrawal system;
- Responsive customer support and educational resources.
The high rating and volume of positive reviews on REVIEWS.io indicate that Quotex has successfully met the needs of many traders.
Should I trust Quotex with my funds?
Based on the available information and user reviews, Quotex appears to be a legitimate binary options broker that many traders trust with their funds. important notes to consider:
- Regulation: While not overseen by a traditional financial authority, Quotex is regulated by the IFMRRC, which provides some oversight;
- Security measures: The broker implements strong security protocols, including fund segregation and data encryption;
- User satisfaction: High ratings on review platforms suggest that many traders have had positive experiences with the broker;
- Trading features: The platform offers various assets, analytical tools, and educational resources;
- Transparency: Quotex maintains clear terms and conditions and provides detailed information about its operations.
However, it's crucial to remember that binary options trading carries inherent risks, and no broker can guarantee profits. Always be cautious and never invest an amount of money you can't tolerate losing.
Important tips before trading on Quotex
Before you start trading on Quotex, consider these essential tips:
- Educate yourself: Learn about binary options trading, risk management, and market analysis;
- Start with a demo account: Practice trading strategies without risking real money;
- Develop a trading plan: Set clear goals, risk limits, and entry/exit strategies;
- Use proper risk management: Never invest more than you can afford to lose, and diversify your trades;
- Stay informed: Keep up with market news and economic events that could impact your trades;
- Be aware of platform rules: Familiarize yourself with Quotex's terms and conditions to avoid account issues.
TF expert suggestions
While Quotex is regulated by the IFFMRRC, lack of oversight by major financial authorities such as ASIC, FCA, SEC, and Cysec is a risk traders need to consider.
However, Quotex's 5 star reviews on the Reviews.io website suggest that the broker is worth checking out. Now that you know about Quotex regulation, you can learn more about this platform by reading the articles in the Quotex tutorial.
