Quotex Malaysia review

The rise of online trading in Malaysia has made retail investors curious about different platforms that promise accessibility, fast execution, and fair payouts. One name that appears frequently is Quotex. Many traders are asking: Is Quotex legal in Malaysia? Is Quotex safe? Or is it another offshore broker with risks?

In this Quotex Malaysia review, I’ll share everything from legality, safety, features, deposits and withdrawals, to trading strategies. As a professional trader, I know Malaysian investors want clarity before risking their hard-earned money.

💡 If your main question is legality, I strongly recommend checking 👉 Is Quotex legal?. It explains in detail how Quotex operates globally and how different countries treat its services.

What is Quotex?

Quotex is a digital options broker launched in 2019. It provides an online platform for binary options trading, giving traders access to assets such as:

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

• Cryptocurrencies like Bitcoin, Ethereum, and Ripple

• Commodities such as gold, oil, and silver

• Stock indices including NASDAQ, Dow Jones, and S&P 500

What sets Quotex apart is its simplicity and accessibility. The platform has a clean design, making it easy for both beginners and experienced traders.

For a full international overview, I suggest you read 👉 Quotex reviews.

Is Quotex Legal in Malaysia?

The first thing traders ask is: Is Quotex legal in Malaysia?

Here’s the truth:

• In Malaysia, financial trading activities are monitored by the Securities Commission Malaysia (SC).

• Quotex is not licensed by the SC. Instead, it operates as an offshore broker.

• However, there is no law preventing Malaysian citizens from using offshore brokers for online trading.

⚠️ This means Quotex is accessible but not locally regulated. Many Malaysian traders use it daily without legal issues, but you must understand that you won’t have the same local protection as trading with an SC-regulated broker.

👉 If you’re still uncertain, the best way is to practice first using a Quotex demo account.

Is Quotex Safe for Malaysian Traders?

Next comes the question: Is Quotex safe?

Let’s break it down:

✅ Security Measures

Quotex uses SSL encryption to protect traders’ data and transactions.

✅ Withdrawal Reliability

Most withdrawals are processed within 24 hours. Malaysian traders report successful transactions to local e-wallets and crypto.

✅ Transparency

Quotex shows payouts and expiry times clearly on the platform, avoiding hidden surprises.

⚠️ But remember, binary options trading itself is high risk. While the platform is safe technically, your success depends on your trading decisions.

👉 For a deeper look, read 👉 Is Quotex safe?.

Features of Quotex Malaysia

Here’s why many traders in Malaysia are choosing Quotex:

• 🌍 Available globally – including Malaysia.

• 💵 Low minimum deposit – start trading with just $10.

• 📊 Free demo account with $10,000 virtual funds.

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

• ⚡ Fast trade execution.

• 📱 Mobile app support for Android and iOS.

Quotex Deposit and Withdrawal in Malaysia

💰 Payment options matter a lot for Malaysian traders. Quotex offers multiple deposit and withdrawal methods:

• Deposits: Bank transfers, e-wallets (Touch ‘n Go, GrabPay), crypto.

• Minimum deposit: $10 (around RM 45).

• Withdrawals: Same methods as deposits, typically processed within 24 hours.

• Fees: Quotex does not charge extra withdrawal fees.

This makes it very convenient for traders in Malaysia to fund and withdraw from their accounts.

For traders comparing alternatives, check 👉 Best binary options.

Trading Experience with Quotex Malaysia

From my experience as a trader, here’s how Quotex Malaysia feels:

• Clean and simple platform with easy navigation.

• Customizable charting tools like RSI, MACD, and Bollinger Bands.

• Multiple expiry times from 5 seconds to 4 hours.

• Payouts up to 95% on some assets.

• Smooth mobile experience for traders on the go.

For those who like comparisons, you can explore 👉 Top Binary Option Brokers in 2025.

Trading Strategies for Quotex Malaysia

Success in binary options depends on strategy and discipline. Here are some effective methods:

1. Support and Resistance Levels

Wait for the price to touch these zones, then trade reversal setups.

2. Moving Average Crossovers

Use 50 EMA and 200 EMA crossovers to identify trends.

3. RSI + MACD Confirmation

RSI overbought/oversold combined with MACD histogram shifts give strong entry signals.

4. Candlestick Reversal Patterns

Look for engulfing, pin bar, and hammer patterns for entry points.

🔥 Pro Tip: Always practice strategies on a demo account first before using real money.

Pros and Cons of Quotex Malaysia

✅ Pros

• Available in Malaysia

• Low deposit requirement

• Demo account for practice

• Wide range of assets

• Fast withdrawal processing

❌ Cons

• Not regulated by Securities Commission Malaysia

• Binary options trading is high-risk

• Limited educational materials compared to some global brokers

How Malaysians Can Start with Quotex

Step-by-step to begin trading in Malaysia:

1. Register on the official Quotex website.

2. Verify your identity for withdrawals.

3. Start with the demo account.

4. Deposit a small amount (don’t risk too much).

5. Learn trading indicators.

6. Apply strict money management.

Final Verdict – Quotex Malaysia Review

So, is Quotex Malaysia legal and safe?

👉 Legal: Accessible, but not regulated locally.👉 Safe: Yes, in terms of platform technology, but trading risk remains.👉 Beginner-friendly: Great interface, low deposit, demo account available.

As a professional trader, my advice is:

• Start with a demo.

• Invest only what you can afford to lose.

• Build discipline before going all in.

Quotex can be a good choice for Malaysians looking for a simple, global trading platform.

FAQs – Quotex Malaysia

1. Is Quotex legal in Malaysia?Yes, it is accessible but not regulated by the SC.

2. Is Quotex safe for Malaysian traders?Yes, technically secure, but remember binary trading is risky.

3. What is the minimum deposit for Quotex in Malaysia?$10 (about RM 45).

4. How can I withdraw from Quotex Malaysia?Via bank transfer, e-wallets, or crypto.

5. Does Quotex support Malaysian Ringgit (MYR)?Yes, deposits can be made in MYR through local payment methods.

6. Can I use a demo account on Quotex?Yes, with $10,000 virtual funds for practice.

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

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

9. How do I compare Quotex with other brokers?By checking 👉 Top 10 Binary Option Brokers in 2025.

10. Should I trust Quotex Malaysia with my money?Yes, but only invest what you can afford to lose.