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Is Quotex Available in Malaysia? A Comprehensive Review
from QUOTEX
Yes, Quotex is available in Malaysia, and it is legal for Malaysian traders to use the platform for binary options and CFD trading as of 2025. This article provides a detailed overview of Quotex’s availability, legality, features, and considerations for Malaysian traders, helping you decide if it’s the right platform for your trading needs.
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What is Quotex?
Quotex is an online trading platform launched in 2020, operated by Awesomo Ltd., a Seychelles-based company. It specializes in binary options and contracts for difference (CFDs), offering traders the ability to speculate on various financial assets, including forex currency pairs, cryptocurrencies, commodities, stocks, and indices. With a user-friendly interface, low entry barriers, and a demo account, Quotex has gained popularity among traders worldwide, including in Malaysia.
Is Quotex Legal in Malaysia?
The legality of Quotex in Malaysia is a common concern for potential users. Malaysia’s financial sector is regulated by Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC), which oversee banking, financial services, and capital markets. While these authorities impose strict regulations on local financial institutions, offshore brokers like Quotex fall into a different category.
As of 2025, there is no explicit prohibition against using international trading platforms like Quotex in Malaysia, provided they comply with local laws regarding taxation, anti-money laundering (AML), and investor protection. Quotex is regulated by the International Financial Markets Regulatory Center (IFMRRC), a non-governmental organization, which offers some level of oversight, though it is not considered a top-tier regulator like the FCA (UK) or ASIC (Australia).
Malaysian traders can legally use Quotex, but they are responsible for ensuring compliance with local regulations, such as reporting income from trading for tax purposes.
Why is Quotex Popular in Malaysia?
Quotex has gained traction among Malaysian traders for several reasons:
1. Low Entry Barrier: Quotex requires a minimum deposit of just $10, making it accessible for beginners and those with limited capital. This low threshold is particularly appealing in Malaysia, where retail trading is growing rapidly.
2. User-Friendly Platform: The platform is designed for traders of all experience levels, featuring an intuitive interface, real-time market data, and customizable charts with over 29 technical indicators. Traders can access it via a web browser or the Quotex mobile app for Android, enabling trading on the go.
3. Diverse Asset Range: Quotex offers a wide variety of tradable assets, including major forex pairs (e.g., EUR/USD, USD/JPY), cryptocurrencies (e.g., Bitcoin, Ethereum), commodities (e.g., gold, oil), and indices (e.g., FTSE 100, Dow Jones). This diversity allows Malaysian traders to explore multiple markets.
4. Free Demo Account: Quotex provides a demo account with $10,000 in virtual funds, allowing traders to practice strategies without financial risk. This feature is ideal for beginners looking to gain confidence before trading with real money.
5. No Deposit or Withdrawal Fees: Quotex does not charge fees for deposits or withdrawals, though payment providers may impose their own charges. The platform supports multiple payment methods, including bank transfers, credit cards, e-wallets, and cryptocurrencies, catering to Malaysian traders’ preferences.
6. High Payout Potential: Quotex advertises potential returns of up to 98% on successful binary options trades, which is attractive for traders seeking high-profit opportunities.
How to Start Trading with Quotex in Malaysia
Getting started with Quotex in Malaysia is straightforward. Here’s a step-by-step guide:
1. Register an Account: Visit the official Quotex website and sign up using your email address. You’ll need to verify your identity with a high-resolution photo holding your passport or national ID, along with a sheet of paper displaying “QUOTEX,” the current date, and your signature.
2. Choose an Account Type: Quotex offers three main account types:
Standard Account: Requires a $10 minimum deposit, ideal for beginners.
Pro Account: Requires a $1,000 minimum deposit, offering advanced features and higher trading limits.
VIP Account: Requires a $5,000 minimum deposit, designed for high-volume traders with exclusive tools and competitive spreads.
3. Practice with a Demo Account: Use the free demo account to familiarize yourself with the platform and test trading strategies.
4. Deposit Funds: Deposit a minimum of $10 using supported payment methods like bank transfers, e-wallets, or cryptocurrencies. Ensure your payment method is verified to avoid withdrawal issues.
5. Start Trading: Select an asset, predict whether its price will rise or fall within a set timeframe, and place your trade. Use the platform’s tools, such as technical indicators and market news, to make informed decisions.
Key Features of Quotex for Malaysian Traders
Quotex stands out for its innovative features tailored to enhance the trading experience:
· Binary Options Trading: Traders predict whether an asset’s price will increase or decrease by a specific expiration time, with fixed payouts or losses. This “all-or-nothing” structure is simple yet high-risk.
· Real-Time Market Updates: Quotex provides real-time market data and news, helping traders stay informed about economic and political events that may impact their trades.
· Security Measures: The platform uses SSL encryption, two-factor authentication (2FA), and negative balance protection to ensure secure trading and protect users’ funds.
· 24/7 Customer Support: While Quotex does not have a local office in Malaysia, traders can contact support via email or raise a ticket for assistance.
· Mobile Trading: The Quotex Android app offers a seamless trading experience with fast execution and a user-friendly interface, perfect for Malaysian traders who prefer mobile access.
Risks and Considerations for Malaysian Traders
While Quotex is accessible and legal in Malaysia, there are important risks and considerations to keep in mind:
1. Regulatory Concerns: Quotex is regulated by the IFMRRC, which is not a top-tier regulator. This means it may offer less investor protection compared to brokers overseen by authorities like the FCA or ASIC. Experts recommend avoiding unregulated or low-tier regulated brokers to minimize risks.
2. High Risk of Binary Options: Binary options trading is inherently risky, with approximately 80% of retail traders losing their capital due to the “all-or-nothing” nature of these instruments. Traders should only invest what they can afford to lose and practice proper risk management.
3. Scam Allegations: Some user reviews on platforms like WikiFX report issues with Quotex, such as account suspensions, withdrawal delays, or uncredited deposits. While positive reviews praise its ease of use and fast transactions, negative experiences highlight the importance of due diligence.
4. Tax Compliance: Malaysian traders must report trading income to comply with local tax laws. Failure to do so could result in legal consequences.
5. No Leverage Trading: Unlike some brokers, Quotex does not offer leverage, which may limit potential profits but also reduces risk for beginners.
Tips for Safe Trading with Quotex in Malaysia
To maximize your success and minimize risks when trading with Quotex, consider the following tips:
Start with a Demo Account: Practice with the $10,000 virtual funds to understand the platform and develop strategies without risking real money.
Educate Yourself: Learn about binary options, market analysis, and risk management before trading with real funds.
Use Risk Management Tools: Set stop-loss points and diversify your portfolio to reduce potential losses.
Verify Payment Methods: Ensure your deposit and withdrawal methods are verified to avoid transaction issues.
Research User Feedback: Read reviews from other Malaysian traders to gauge the platform’s reliability and customer service.
Stay Compliant: Report your trading income to Malaysian authorities to comply with tax and AML regulations.
Alternatives to Quotex in Malaysia
If you’re hesitant about using Quotex due to its regulatory status or risk profile, consider these alternatives regulated by top-tier authorities:
eToro: A globally recognized broker offering social trading and a wide range of assets, regulated by the FCA and ASIC.
IG Markets: Known for forex and CFD trading, regulated by top-tier authorities like the FCA.
Saxo Bank: Offers a robust platform for forex, stocks, and CFDs, regulated by multiple top-tier regulators.
Always verify that a broker is licensed by a reputable authority and aligns with your trading goals before opening an account.
Conclusion
Quotex is available and legal for Malaysian traders in 2025, offering a user-friendly platform, low minimum deposit, and a variety of tradable assets. Its demo account, high payout potential, and fee-free transactions make it an attractive option for beginners and experienced traders alike.
However, the platform’s regulation by the IFMRRC, a non-top-tier authority, and the high-risk nature of binary options warrant caution. Malaysian traders should practice due diligence, use risk management strategies, and ensure compliance with local laws to trade safely.
💥 Trade with QUOTEX now: Open An Account or Visit Brokers 👈
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