Quotex Indonesia Review: Is Legal, Is Safe or Not?

When Indonesian traders look for a reliable trading platform, one name that keeps coming up is Quotex. But the first question that arises is: Is Quotex legal in Indonesia? 🇮🇩 Another equally important question is: Is Quotex safe for traders in Indonesia, or is it a risky choice?

In this detailed review, I will guide you through the legal standing, safety aspects, deposit methods available in Indonesia, trading features, and the potential risks you need to consider before investing. As a professional trader, my aim is to help you make an informed decision.

👉 For a quick answer, you can also explore this detailed analysis: Is Quotex a good broker?.

⏩ Visit the Quotex Official Website 👈

⏩ Open Quotex Account - link here 👈

Is Quotex Legal in Indonesia?

The Indonesian financial market is strictly regulated by BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi), which oversees futures and derivatives trading. Binary options, however, are not officially regulated under Indonesian law.

So, is Quotex legal in Indonesia?

✅ The truth is: Yes, Indonesian traders can legally access Quotex, because there are no specific bans against offshore brokers. .

It is not directly licensed by BAPPEBTI, but Indonesians are free to sign up, deposit, and withdraw without violating local laws.

Is Quotex Safe for Indonesian Traders?

Safety is a major concern for traders who are new to binary options. The big question remains: Is Quotex safe in Indonesia?

The answer: Yes, Quotex is generally safe when compared to many unregulated brokers. Here’s why:

• 🔐 Data Security: Quotex uses SSL encryption to protect personal and financial data.

• ✅ Regulation: Registered under IFMRRC, ensuring a layer of accountability.

• 💵 Fast Withdrawals: Most withdrawals are processed within 24 hours.

• 📊 Fair Trading: Quotex offers transparent payouts (up to 95%) and accurate charts.

If you still want extra assurance, read more insights here: Is Quotex trust?.

Why Indonesian Traders Prefer Quotex

Quotex has become one of the most popular binary options brokers in Indonesia because of its flexibility and accessibility.

• ✅ Low minimum deposit – Start with as little as $10 (around Rp 150,000).

• ✅ Local payment methods – Deposit using bank transfers, e-wallets like DANA, OVO, GoPay, and crypto.

• ✅ Mobile trading app – Perfect for Indonesians who prefer trading on Android.

• ✅ Free demo account – Practice with $10,000 virtual money.

• ✅ Wide asset selection – Forex, stocks, commodities, and crypto.

💡 If you’re still unsure, the safest way to test the platform is to create a Quotex account and start with a demo.

Quotex Deposit & Withdrawal in Indonesia

Quotex supports multiple payment methods that work smoothly for Indonesian traders:

• 🏦 Local bank transfers (BCA, Mandiri, BNI, BRI, etc.)

• 📱 E-wallets (DANA, OVO, GoPay, ShopeePay)

• 💳 Visa & MasterCard

• ₿ Cryptocurrencies (Bitcoin, Ethereum, USDT)

Withdrawals are processed within 1–2 days, depending on the method. For most Indonesians, e-wallets like DANA and OVO are the fastest.

How to Start Trading with Quotex in Indonesia

Here’s a quick step-by-step guide:

1. Register with your email or social media.

2. Verify account using KTP or Passport.

3. Deposit funds via bank transfer, e-wallet, or crypto.

4. Choose trading asset (forex, stocks, crypto).

5. Enter trade direction – Up or Down.

6. Withdraw profits when you’re ready.

Risk Management for Indonesian Traders

While Quotex is safe, binary options are high-risk. Many beginners lose money quickly because they treat it like gambling.

My recommendations:

• Risk only 2–5% of your balance per trade.

• Use demo account until you develop a solid strategy.

• Avoid overtrading.

• Set a daily stop-loss.

⚠️ Remember: Consistency beats luck in trading.

Quotex vs Other Brokers in Indonesia

Many Indonesian traders also try IQ Option, Olymp Trade, Pocket Option, and Binomo.

But Quotex stands out for:

• Lower deposit requirement.

• Localized payment methods (OVO, DANA).

• Higher payouts.

• Simpler trading interface.

For a broader comparison, check the Best binary options brokers in the world and the list of top binary options brokers.

Final Verdict: Is Quotex Legal and Safe in Indonesia?

So, is Quotex legal in Indonesia? ✅ Yes. Indonesians can freely register and trade.

Is Quotex safe? ✅ Yes, it’s considered one of the safer offshore brokers.

But remember, binary trading itself is risky. Treat it as a professional activity, not gambling. Start small, test on demo, and build discipline over time.

If you’re ready, you can begin trading with a demo and later switch to live with small amounts.

FAQs about Quotex Indonesia

1. Is Quotex legal in Indonesia?

Yes, Indonesians can trade with Quotex since there are no bans on offshore brokers.

2. Is Quotex regulated?

Yes

3. Can I deposit with Indonesian banks?

Yes, bank transfers and e-wallets like OVO, DANA, GoPay are supported.

4. What is the minimum deposit in Indonesia?

Only $10 (around Rp 150,000).

5. How fast are withdrawals?

Within 1–2 days, often faster with e-wallets.

6. Does Quotex offer demo accounts?

Yes, with $10,000 virtual funds.

7. Is Quotex safe for beginners?

Yes, but only if you manage risk properly.

8. Can I trade crypto on Quotex?

Yes, Bitcoin, Ethereum, and other coins are available.

9. Are there bonuses for Indonesian traders?

Yes, sometimes up to 50%, but terms apply.

10. Where can I read more Quotex reviews?

Check out these detailed Quotex reviews.