Quotex Indonesia review: Is legal, is safe or not?

Trading in Indonesia has grown rapidly in recent years. More and more retail traders are looking for opportunities in binary options, forex, and crypto. Among the many trading platforms available today, Quotex stands out as one of the most searched names. But the big question remains: Is Quotex legal in Indonesia? Is Quotex safe for Indonesian traders, or just another risky online broker?

In this detailed Quotex Indonesia review, I’ll walk you through everything step by step: legality, safety, features, deposits, withdrawals, user experience, strategies, and comparisons with other brokers. As a professional trader, I know how confusing it can be when you start, and my goal is to give you clear insights so you can make smart decisions.

💡 If your first concern is legality, I recommend checking 👉 Is Quotex legal or not?. It gives you a direct understanding of how Quotex is regulated internationally.

⏩Start Trading with Quotex 👉First deposit get 30% bonus

What is Quotex?

Quotex is a digital options broker launched in 2019. The platform is operated. Quotex provides a simple, fast, and accessible way to trade various assets, including:

• Forex currency pairs

• Cryptocurrencies like Bitcoin, Ethereum, Litecoin

• Commodities such as gold, silver, and oil

• Stock indices (S&P 500, Dow Jones, NASDAQ, etc.)

One of the biggest advantages is its user-friendly interface. Unlike traditional brokers, Quotex focuses on simplicity. Even if you’re a beginner in Indonesia, you’ll find it easy to start trading within minutes.

For a full breakdown of its latest features, I suggest you read 👉 Quotex reviews 2025.

Is Quotex Legal in Indonesia?

This is where most Indonesian traders get confused. So let’s clarify:

In Indonesia, financial markets are regulated by BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi). Local brokers that want to operate legally must be registered under BAPPEBTI’s regulations.

⚠️ Quotex is not licensed under BAPPEBTI. Instead, it operates as an offshore broker.

What does this mean for Indonesian traders?

• You can access Quotex freely from Indonesia.

• There are no laws explicitly banning Indonesian citizens from using offshore brokers like Quotex.

• However, since it’s not under local regulation, you don’t get the same legal protection you would get from a domestic broker.

👉 This is why many Indonesian traders choose to start with a demo account to reduce risks. If you’re curious, you can explore the Quotex demo account and practice risk-free before investing real money.

Is Quotex Safe for Indonesian Traders?

Another big concern is: Is Quotex safe?

Let’s evaluate it from different angles:

✅ Security of Data

Quotex uses SSL encryption to protect personal and financial data. This ensures your information is not leaked or stolen.

✅ Fund Safety

Quotex processes withdrawals quickly, usually within 24 hours. Most traders in Indonesia report smooth transactions when withdrawing to local e-wallets or crypto.

✅ Transparency

Quotex does not hide trading rules. The payouts and expiry times are clearly displayed.

⚠️ Risk Warning

While the platform itself is safe technically, remember that binary options trading is inherently risky. No broker can guarantee profits.

If you still have doubts, read 👉 Is Quotex safe? for an in-depth breakdown.

Features of Quotex Indonesia

Why is Quotex so popular in Indonesia? Here are its key features:

• 🌍 Global Access – Available in more than 100 countries.

• 💵 Low deposit requirement – Start with as little as $10.

• 📊 Demo account with $10,000 virtual funds – Perfect for practice.

• 🎯 Wide range of assets – Forex, crypto, indices, commodities.

• ⚡ Fast execution – No lags, no delays in order placement.

• 📱 Mobile app – Trade on the go with Android/iOS support.

Quotex Deposit and Withdrawal in Indonesia

💰 For Indonesian traders, deposits and withdrawals are very important.

• Deposit methods available: Bank transfer, e-wallets (Dana, OVO, GoPay), cryptocurrency (Bitcoin, Ethereum, Tether).

• Minimum deposit: $10 (around IDR 150,000).

• Withdrawal methods: Same as deposit options.

• Processing time: Usually under 24 hours, though sometimes up to 3 days depending on method.

• No hidden fees: Quotex does not charge extra withdrawal fees.

This flexibility makes Quotex one of the easiest brokers to use in Indonesia.

For alternatives, you can also explore brokers listed under 👉 Best binary options.

Quotex Trading Experience for Indonesian Traders

From my own trading and from other Indonesian traders’ feedback, the experience on Quotex can be summarized as:

• Clean interface – No unnecessary complexity.

• Customizable charts – Add indicators like RSI, MACD, Bollinger Bands.

• Multiple timeframes – From 5 seconds to 4 hours.

• High payouts – Up to 95% returns in some assets.

• Quick deposits and withdrawals – Important for Indonesian users.

For those who want to compare across the market, you can check 👉 Top Binary Option Brokers in 2025.

Trading Strategies for Quotex Indonesia

Now, let’s talk strategy. Trading on Quotex is simple, but success depends on how you trade.

1. Support and Resistance Strategy

Identify key support and resistance zones on your charts. Place trades when price bounces off these levels.

2. Moving Average Strategy

Use the 50 EMA and 200 EMA crossover to spot trends. When 50 EMA crosses above 200 EMA, enter a call option.

3. RSI + MACD Confirmation

Combine RSI oversold/overbought levels with MACD signals for high-probability entries.

4. Candlestick Patterns

Patterns like engulfing candles, pin bars, and dojis can give powerful reversal signals.

🔥 Pro tip: Always test strategies first on a demo account before using real money.

Pros and Cons of Quotex Indonesia

✅ Pros

• Accessible in Indonesia

• Low deposit requirement ($10)

• Demo account for beginners

• Fast withdrawals

• Wide variety of assets

❌ Cons

• Not regulated under BAPPEBTI

• Binary options trading is high-risk

• Limited education resources

How to Start Trading Quotex in Indonesia

Here’s a step-by-step guide:

1. Go to Quotex official website and register.

2. Verify your account with ID to avoid withdrawal issues.

3. Start with the demo account for practice.

4. Deposit only a small amount initially.

5. Learn indicators and money management.

6. Trade carefully – don’t risk more than 5% per trade.

Final Verdict: Quotex Indonesia Review

So, is Quotex Indonesia legal and safe?

👉 Legal: Not regulated under BAPPEBTI, but accessible without restrictions.👉 Safe: Technically secure platform with fast withdrawals.👉 User-friendly: Great for beginners, offers demo account, low deposit.

As a professional trader, my advice is simple:

• Use the demo account first.

• Start small with real money.

• Always apply risk management.

Quotex can be a good option for Indonesian traders if you understand the risks and trade responsibly.

FAQs About Quotex Indonesia

1. Is Quotex legal in Indonesia?Yes, you can use it, but it is not regulated by BAPPEBTI.

2. Is Quotex safe for Indonesian traders?Yes, technically safe, but trading risk always exists.

3. What is the minimum deposit for Quotex Indonesia?Just $10.

4. How can I withdraw money from Quotex Indonesia?Through bank transfer, e-wallets, or crypto.

5. Does Quotex support IDR (Indonesian Rupiah)?Yes, deposits can be made in IDR through local methods.

6. Can I use a demo account on Quotex?Yes, you get $10,000 virtual funds to practice.

7. Is Quotex available on mobile in Indonesia?Yes, both Android and iOS apps are available.

8. What assets can I trade on Quotex?Forex, crypto, indices, commodities, and stocks.

9. How do I know if Quotex is better than other brokers?Compare it with brokers listed under Top Binary Option Brokers in 2025.

10. Should I trust Quotex Indonesia with my money?Yes, but only invest what you can afford to lose. Start small and grow responsibly.