6 minute read
Quotex Review Pakistan: Is It Legit or a Scam for Pakistani Traders?
from QUOTEX
Quotex has quickly gained popularity among online traders in Pakistan, promising easy access to digital options trading with low minimum deposits and fast withdrawals. But with so many scams in the online trading world, the big question remains: Is Quotex legit in Pakistan? Or is it just another online trap?
In this in-depth Quotex review tailored specifically for Pakistani users, we break down everything you need to know: from legality, account setup, deposits, withdrawals, and real user experiences — to whether or not you should trust Quotex in 2025.
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What Is Quotex?
Quotex is an online broker that offers digital options trading. It allows users to speculate on the price movement of various assets — such as currencies, cryptocurrencies, stocks, and commodities — within a fixed time period.
Founded in 2019 and operated by Awesomo Ltd, the platform is known for:
An intuitive, browser-based trading interface
A minimum deposit of just $10
Instant demo accounts
Up to 98% payouts on winning trades
But while Quotex looks attractive on the surface, Pakistani traders need to look deeper.
Is Quotex Legal in Pakistan?
Let’s get to the point: Quotex is not officially regulated by the Securities and Exchange Commission of Pakistan (SECP). That means it does not operate under any Pakistani license.
However, it is still accessible and not banned in Pakistan as of 2025.
Quotex holds an offshore license from the International Financial Market Relations Regulation Center (IFMRRC) — a non-governmental regulatory body. While this adds some credibility, it does not equate to regulation from top-tier financial authorities like the FCA (UK) or CySEC (EU).
What does this mean for Pakistani traders?
You can use Quotex in Pakistan, but you trade at your own risk.
There is no legal protection from local regulators in case of disputes or fraud.
Online trading with offshore brokers is a gray area in Pakistan: not fully legal, not fully illegal.
Is Quotex a Scam?
So far, there’s no solid evidence that Quotex is a scam. Thousands of traders in Pakistan and around the world use Quotex daily without issues. It has built a solid reputation for fast withdrawals, user-friendly tools, and high payout percentages.
However, be cautious:
Quotex offers binary-style digital options, which are high-risk and often resemble gambling more than investing.
Its regulatory status is weak, meaning you don’t have the protection that comes with regulated brokers.
Some users online report account verification delays and withdrawal issues, although these are not widespread.
Bottom line: Quotex is not a scam — but it is a high-risk, unregulated broker. Trade responsibly.
How to Open a Quotex Account in Pakistan
Creating an account on Quotex from Pakistan is quick and easy. Here’s how:
Visit the official website: Open An Account or Visit Brokers 👈
Enter your email and password
Select PKR (Pakistani Rupee) or USD as your base currency
Accept the terms and click “Register”
You can start trading immediately with the demo account (comes with $10,000 in virtual money). For live trading, you’ll need to deposit real funds.
Quotex Deposit Methods in Pakistan
One of the best things about Quotex for Pakistani users is its flexible deposit system. You can deposit funds via:
Easypaisa
JazzCash
Bank Transfer (via local payment gateways)
Crypto wallets (Bitcoin, Tether, etc.)
Visa/MasterCard (in some cases)
Minimum deposit: $10 (around 2800 PKR)
Deposits are usually instant or take just a few minutes.
💥 Trade with QUOTEX now: Open An Account or Visit Brokers 👈
Quotex Withdrawal in Pakistan
Withdrawals from Quotex are smooth for most users in Pakistan. Here’s how the process works:
Go to “Withdraw” in your dashboard
Select your payment method (same as the one you used for deposit)
Enter the amount
Confirm your identity (if required)
Submit the request
Withdrawal methods supported:
Easypaisa
JazzCash
Bank transfer
Crypto wallets
Minimum withdrawal: $10
Most withdrawals are processed within 1–3 business days. Crypto withdrawals are usually faster.
Important: You must verify your identity to withdraw funds. Use accurate details when registering.
Trading Experience: Platform Review
Quotex offers a browser-based platform that works on any device. There’s no need to download anything. The platform is clean, simple, and responsive — ideal for beginners.
Key Features:
Over 30 technical indicators
Fast chart execution
Real-time quotes
1-minute to 4-hour trade durations
Payouts up to 98%
You can choose from assets like:
Currency pairs (e.g., USD/PKR, EUR/USD)
Cryptocurrencies (BTC, ETH)
Stocks (Apple, Tesla, etc.)
Commodities (Gold, Oil)
While it’s not as advanced as MetaTrader platforms used by forex pros, it’s more than enough for short-term traders and binary options enthusiasts.
Quotex Pakistan: Pros and Cons
Let’s break it down clearly.
✅ Pros:
Accepts Easypaisa and JazzCash
Low minimum deposit ($10)
High payouts (up to 98%)
User-friendly platform
Offers a free demo account
No commissions on trades
Supports crypto and local currency
❌ Cons:
Not regulated by SECP or top-tier bodies
No mobile app in Pakistan app stores (you can use the browser version)
High-risk trading product
Limited education resources
No support in Urdu
Can You Make Money with Quotex in Pakistan?
Yes, it is possible to make money on Quotex, but most traders lose money, especially if they treat it like gambling or trade without a strategy.
To increase your chances:
Use the demo account to practice
Don’t risk more than 5% of your capital per trade
Learn basic technical analysis
Follow news and market trends
Set a daily stop-loss limit
Trading is not a shortcut to get rich. It requires discipline, knowledge, and patience.
Is Quotex Halal or Haram?
This is a controversial question in the Pakistani trading community.
Some Islamic scholars argue:
Digital options are haram, as they involve speculation and high risk, similar to gambling.
There’s no ownership of assets, only price prediction.
Others say:
If used for hedging or with knowledge, it can be halal.
It depends on intention and trading behavior.
Conclusion: Consult your local Islamic scholar or Mufti. Most conservative scholars consider digital options haram.
Final Verdict: Should You Use Quotex in Pakistan?
Quotex is a legit trading platform that works well in Pakistan, offers localized deposit methods, and allows easy access to digital options trading.
But remember:
It’s not regulated in Pakistan
It’s not for long-term investing
It’s risky and not suitable for everyone
Recommended for:
Traders looking for short-term profits
People comfortable with risk
Users who want to trade with low capital
Anyone wanting to try digital options with JazzCash or Easypaisa
Not recommended for:
People looking for long-term investing
Traders who want strong regulation
Users unfamiliar with technical trading
Those expecting guaranteed profits
FAQs About Quotex in Pakistan
1. Is Quotex banned in Pakistan?No, it is not banned. Pakistani users can access and use it freely.
2. Can I use JazzCash or Easypaisa to fund my account?Yes, Quotex supports both methods through local payment gateways.
3. Is my money safe on Quotex?Quotex is not regulated by Pakistani authorities, so use caution. Only deposit what you can afford to lose.
4. Can I trade PKR/USD pairs?Yes, some PKR currency pairs are available, but they are limited.
5. How much can I earn from Quotex?Potential returns are high, but so is the risk. Most new traders lose money.
Conclusion
Quotex in Pakistan is a real, functioning platform for digital options trading, but it’s not without risk. If you're a beginner or someone with limited capital, Quotex can be a good starting point — but always trade wisely.
💥 Trade with QUOTEX now: Open An Account or Visit Brokers 👈
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