Is Quotex Legal in Australia? Review Broker 2025

For Australian traders, one burning question is: “Is Quotex legal in Australia, or is it banned?” 🤔 With the rise of binary options and digital trading platforms, knowing whether Quotex is safe, legit, and regulated is essential before investing your money.

This 2025 Quotex Australia review gives you a professional trader’s perspective on regulation, safety, deposits, withdrawals, strategies, and whether it’s the right choice for Australian investors.

👉 If you’re still wondering “Is Quotex legit?”, here’s a detailed reference: Is Quotex legit or not?

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What is Quotex?

Launched in 2019, Quotex is a global binary options broker offering digital contracts on multiple assets:

• Forex pairs (AUD/USD, EUR/USD, GBP/JPY, etc.)

• Commodities (gold, oil, silver)

• Cryptocurrencies (Bitcoin, Ethereum, Litecoin)

• Stock indices (ASX200, Dow Jones, S&P 500)

🔥 Key features that attract Australian traders:

• Low minimum deposit: only $10.

• Free demo account with $10,000 virtual balance.

• High payouts (up to 95%).

• Fast withdrawals, especially with crypto.

• Simple and mobile-friendly platform.

For additional insights, check more Quotex review 2025.

Is Quotex Legal in Australia?

Here’s the truth 👇

• Quotex is an offshore broker, not licensed by the Australian Securities and Investments Commission (ASIC).

• ASIC banned binary options in 2021 for retail traders.

• However, Australian users can still access Quotex online, register, deposit, and trade.

👉 In simple terms: Quotex is not officially regulated in Australia but it is accessible and not directly banned.

If you want to try, opening a Quotex demo account is straightforward and available for Australians.

Is Quotex Safe in Australia?

Safety depends on two factors:

1. Platform Reliability 🛡️

   • SSL data encryption.

   • Quick withdrawals (crypto preferred).

   • Transparent trade execution.

2. Trading Risk ⚠️

   • Binary options are high-risk, short-term contracts.

   • Traders without a strategy often lose money quickly.

   • Always test with a demo before risking real funds.

For a deeper analysis, here’s a trusted review: Is Quotex safe?.

Is Quotex Banned in Australia?

🚫 No, Quotex is not banned in Australia.

However:

• ASIC has banned binary options for retail traders.

• This means you cannot expect local legal protection.

• Many Australians still trade offshore using Quotex.

👉 For alternatives, see the Best binary options brokers in the world 2025.

Why Do Australians Use Quotex?

Despite ASIC’s stance, Quotex attracts Aussie traders because:

• ✅ $10 minimum deposit (affordable entry).

• ✅ Free demo with $10,000 funds.

• ✅ Payouts up to 95%.

• ✅ Crypto & e-wallets available.

• ✅ User-friendly on mobile and desktop.

For more comparisons, check the top 10 binary options brokers.

Risks of Using Quotex in Australia

Before you start trading, consider:

• ❌ Offshore broker → not ASIC regulated.

• ❌ High-risk trading (binary options).

• ❌ No local support if disputes happen.

• ❌ Emotional trading = fast losses.

💡 Pro Tip: Treat Quotex as a tool for disciplined trading, not gambling.

Trading Strategies for Quotex Australia

To succeed, you need more than luck. Here are tested strategies that Australian traders use:

1. RSI (Relative Strength Index) Strategy

• RSI > 70 = Overbought → Sell (Put).

• RSI < 30 = Oversold → Buy (Call).

👉 Example: AUD/USD RSI at 25 → Call trade for reversal.

2. Bollinger Bands

• Price near top band → likely reversal down.

• Price near bottom band → possible rebound up.

Works well with volatile pairs like AUD/JPY.

3. Fibonacci Retracement

• Levels 38.2%, 50%, 61.8% are strong entry points.

• Combine with candlesticks for confirmation.

4. MACD Crossover Strategy

• MACD above signal → Buy.

• MACD below signal → Sell.

📊 Effective with EUR/AUD or crypto trades.

Money Management Tips for Aussie Traders

Discipline is more important than strategy.

• Risk 1–5% per trade only.

• Use daily stop-loss rules.

• Don’t trade during high emotional stress.

• Start with demo before live account.

Final Verdict – Quotex Australia 2025

So, is Quotex legal in Australia?

• ✔️ Yes, Australians can access it.

• ❌ No, it’s not regulated by ASIC.

• ⚠️ Binary options remain high-risk.

👉 Recommendation: Use Quotex carefully, trade with discipline, and treat it like a business. It can be profitable, but only for serious traders.

FAQs – Is Quotex Legal in Australia?

Q1: Is Quotex regulated by ASIC?A: No, Quotex is offshore, not ASIC-regulated.

Q2: Is Quotex banned in Australia?A: No, it is not banned but binary options are restricted.

Q3: Can Australians open a Quotex account?A: Yes, you can sign up online.

Q4: What is the minimum deposit on Quotex Australia?A: $10 only.

Q5: Can I use AUD for deposits?A: No direct AUD, but you can use crypto, Visa/Mastercard, Skrill, Neteller.

Q6: Is Quotex safe for Australian traders?A: Safe platform, but trading is risky.

Q7: Can I withdraw to an Australian bank account?A: Withdrawals are best with crypto/e-wallets.

Q8: What assets can I trade?A: Forex, crypto, commodities, indices.

Q9: Is Quotex suitable for beginners?A: Yes, especially with the demo account.

Q10: What are alternatives to Quotex in Australia?A: Check the top binary options brokers.

✨ Final Thought: Quotex in Australia is accessible but not ASIC-regulated. If you trade responsibly, use a strategy, and apply money management, it can be a useful broker for 2025.