6 minute read
Quotex is Registered or Not? Review Broker
from QUOTEX
Yes, Quotex is registered, but with important limitations you should know about. It is officially registered under the name Awesomo Ltd, a company incorporated in St. Vincent and the Grenadines. However, Quotex is not licensed by major financial regulatory bodies like the U.S. Securities and Exchange Commission (SEC), the UK Financial Conduct Authority (FCA), or the Australian Securities and Investments Commission (ASIC). This raises critical concerns for traders who prioritize regulatory oversight, fund protection, and dispute resolution.
Let’s break this down clearly so you understand what this means for you as a trader.
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What Does It Mean That Quotex Is Registered?
Being “registered” means that a business is officially recorded with a governmental or corporate body. In Quotex's case, it is registered under the name Awesomo Ltd in St. Vincent and the Grenadines (SVG).
This Caribbean jurisdiction is well-known for providing offshore incorporation services to brokers, fintech startups, and crypto-related platforms. The registration itself means the company has legal existence and can operate a business. However, SVG does not regulate binary options, forex, or cryptocurrency trading platforms. That’s a crucial distinction.
So while Quotex may be registered as a legal entity, it is not regulated by any reputable financial authority.
What Is the Difference Between Being Registered and Being Regulated?
Registration is the process of forming a legal company. It allows the entity to operate, open a bank account, and issue contracts. This is often a quick and low-cost procedure in offshore jurisdictions.
Regulation, on the other hand, involves rigorous checks by a financial watchdog. Regulated brokers must:
Keep client funds in segregated bank accounts
Maintain a certain level of capital adequacy
Undergo regular audits
Follow anti-money laundering (AML) and know-your-customer (KYC) protocols
Provide transparent dispute resolution mechanisms
Compensate clients in case of bankruptcy or fraud, often through a protection fund
Quotex skips most of this process because its registration in St. Vincent and the Grenadines comes without regulatory oversight of its financial activities. This means there is no supervisory authority protecting traders' funds or enforcing fair conduct.
Is Quotex Regulated by Any Financial Authority?
No, Quotex is not regulated by any recognized Tier-1 financial regulatory body.
Quotex is not licensed or monitored by:
Financial Conduct Authority (FCA) – United Kingdom
Commodity Futures Trading Commission (CFTC) or SEC – United States
Australian Securities and Investments Commission (ASIC)
Cyprus Securities and Exchange Commission (CySEC)
Financial Services Agency (FSA) – Japan
Financial Sector Conduct Authority (FSCA) – South Africa
The platform operates in a legal gray area, which gives it the flexibility to offer binary options to international clients. However, that same flexibility exposes traders to higher risk.
Should You Trust a Broker That Is Only Registered But Not Regulated?
This is the million-dollar question, and the answer depends on your risk tolerance and expectations.
If you're a casual trader looking for a simple, easy-to-use platform and are aware of the risks, Quotex might suit you. It has a modern interface, fast trade execution, and low minimum deposits.
But if you’re a serious investor who wants:
Regulatory protection
Legal recourse in case of issues
Fund insurance
Reliable dispute resolution
Protection against fraud or manipulation
Then Quotex might not meet your needs.
A broker without regulation can shut down overnight, delay withdrawals, manipulate prices, or limit your account — and there would be no authority to file a complaint with.
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What Is the Status of Quotex in the U.S. and Europe?
Quotex is not allowed to operate in several regulated markets. In fact:
The U.S. Commodity Futures Trading Commission (CFTC) has issued warnings about offshore binary options brokers.
Many European countries restrict access to binary options platforms not regulated by CySEC or similar EU-based agencies.
In some jurisdictions, Quotex has been blocked or blacklisted due to its unregulated status.
While some users access Quotex through VPNs or mirror sites, this practice could violate local laws and further increase risks.
Why Do So Many Traders Still Use Quotex?
Despite the lack of regulation, Quotex has attracted millions of users globally. Here’s why:
Simple Interface – It offers one of the easiest platforms to understand for beginners.
Low Minimum Deposit – You can start trading with as little as $10.
Quick Registration – No complex KYC verification required in many regions.
High Returns on Options – Traders can earn up to 95% returns on correct predictions.
Bonus Promotions – Frequent deposit bonuses attract speculative traders.
Demo Accounts – Quotex provides free demo accounts without verification.
For new or high-risk traders, these features are enticing. But it’s important to weigh the benefits against the potential security drawbacks.
What Are the Risks of Trading on an Unregulated Platform Like Quotex?
Here are the key dangers:
No Fund Protection – Your deposits aren’t insured if Quotex goes out of business.
Price Manipulation – There’s no external body checking if the quotes are fair.
Withdrawal Issues – Users have reported delayed or denied withdrawals.
No Recourse – If you feel you were cheated, there’s no regulator to contact.
Legal Trouble – Trading with an offshore broker might be illegal in your country.
These are real risks, especially for large account holders. Traders should always do their due diligence and understand what’s at stake.
Are There Any Signs of Regulation in the Future?
As of now, Quotex has made no public announcement about applying for Tier-1 regulatory licenses. Their business model seems to prioritize accessibility over compliance. While that may work for short-term operations, it can limit their long-term credibility and legal presence in heavily regulated markets.
Until Quotex makes an effort to gain licenses in jurisdictions like the EU, U.S., or Australia, it will remain in the category of “offshore, unregulated brokers.”
Alternatives to Quotex With Regulatory Licenses
If you’re concerned about Quotex’s regulatory status, here are some alternatives that are fully licensed:
IQ Option (CySEC Regulated) – Offers binary options (outside EU) and has strong regulatory footing.
eToro (FCA, CySEC, ASIC) – Offers trading in stocks, forex, crypto, and more with strong regulation.
Deriv (MFSA, LFSA, VFSC) – Operates binary options with partial regulation and more transparency.
IG Group (FCA, ASIC) – One of the most respected brokers worldwide, ideal for advanced traders.
These platforms may not offer the same high returns or simplicity as Quotex, but they offer peace of mind and legal protection.
Final Verdict: Is Quotex Registered or Not?
Yes, Quotex is registered – but it is NOT regulated by any major financial authority.
That means:
It legally exists as a company (Awesomo Ltd, SVG).
It can operate a trading platform under its jurisdiction.
But it lacks regulatory oversight to protect you as a trader.
For some, this may be acceptable if you're aware of the risks. For others, especially those trading larger sums or operating in regulated countries, it’s a red flag.
As always, do your own research, never trade more than you can afford to lose, and prioritize security over shortcuts.
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