6 minute read
Does Quotex Work in UAE? A Comprehensive Review
from QUOTEX
If you're living in the United Arab Emirates (UAE) and considering using the online trading platform Quotex, you're probably asking: "Does Quotex work in the UAE?" The short answer is yes — but with restrictions, risks, and important caveats. This article explains everything you need to know before signing up or investing your money on the platform from within the UAE.
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What is Quotex?
Before diving into the legality and functionality of Quotex in the UAE, it's essential to understand what Quotex is. Quotex is an online trading platform that primarily offers binary options trading, which involves predicting whether the price of an asset will go up or down within a specific timeframe.
Quotex is operated by Awesomo Ltd., a company registered in the Seychelles and regulated by the IFMRRC (International Financial Market Relations Regulation Center) — a non-governmental regulator not recognized by major financial authorities like the FCA (UK) or CySEC (EU).
This means that while Quotex provides access to various assets like forex, crypto, commodities, and indices, it is not licensed by any financial regulator in the UAE. This is a crucial point we'll explore more deeply.
Is Quotex Legal in the UAE?
No, Quotex is not officially licensed or legally authorized to operate in the UAE. The UAE Securities and Commodities Authority (SCA) strictly regulates trading platforms that offer financial services to residents and citizens. Currently, Quotex is not registered with the SCA, and therefore, it's operating in a gray legal area if accessed from within the country.
This doesn't mean you can’t access the platform — it simply means you are doing so at your own risk. Many users in the UAE bypass geographical restrictions using VPNs to register and trade on Quotex. However, this may be against local law and can expose you to legal or financial consequences.
Can You Access Quotex in the UAE?
Technically, Quotex is blocked in many parts of the UAE. If you try to open the Quotex website without a VPN, you may receive an error or a message stating the platform is not available in your region. This is due to the country’s strict internet censorship laws, particularly regarding online financial services that aren’t licensed locally.
However, some users do report accessing Quotex using a VPN or mirror links (alternative domain names provided by Quotex). But this workaround is not officially supported, and your account or activity could be flagged or restricted if authorities detect it.
Is It Safe to Use Quotex in UAE?
From a cybersecurity and privacy perspective, Quotex is relatively safe. The platform uses encrypted connections and does not have a history of major data breaches. It also offers two-factor authentication (2FA) and other basic security features.
But “safe” does not mean “legal” or “without risk.” Since Quotex is not under UAE jurisdiction:
You have no legal protection if the platform locks your funds, closes your account, or delays withdrawals.
You cannot file complaints with UAE regulators.
Using a VPN to access the site might violate cybercrime laws, which are particularly strict in the UAE.
So, while your trading data may be secure, your financial and legal standing might not be.
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How Do People in UAE Still Use Quotex?
Despite the restrictions, some residents in the UAE still use Quotex by:
Registering through VPNs
Using mirror sites provided by the company
Creating international payment accounts to fund and withdraw money (e.g., through crypto wallets or third-party payment gateways)
But here’s the key takeaway: just because people are doing it doesn’t mean it’s legal or risk-free. Quotex's terms and UAE laws could both change overnight, and you could find yourself locked out or worse — fined or prosecuted for unauthorized trading.
Are There Alternatives to Quotex in the UAE?
Yes, and this is worth serious consideration if you're based in the UAE and want to trade legally. The SCA has approved a list of regulated brokers and platforms, including:
Saxo Bank
IG Group
Interactive Brokers
ADSS (Abu Dhabi-based)
eToro (in some limited use cases)
These platforms are fully regulated, often offer better customer support, and provide access to a wider range of financial instruments like stocks, ETFs, and CFDs.
While they might have a steeper learning curve than Quotex’s simple binary option model, they’re much safer and legally sound.
What Happens If the UAE Authorities Catch You Using Quotex?
Using an unauthorized financial service provider could potentially violate the UAE Federal Law No. 2 of 2015 on Commercial Companies and the Federal Decree-Law No. 5 of 2012 on Combating Cybercrimes.
Penalties can include:
Fines ranging from AED 100,000 to AED 1,000,000
Account freezing
Criminal charges in extreme cases
It’s rare for retail traders to be targeted unless they’re engaged in large-scale fraud or promotion of the platform, but the risk is real and growing, especially as UAE regulators crack down on financial scams and unlicensed platforms.
Does Quotex Have a Local Office or UAE Support?
No, Quotex does not have a physical office or registered branch in the UAE. All of its operations are handled online through its offshore headquarters. If you face issues with withdrawals, account verification, or platform bugs, you’re relying entirely on email support or chat — with no local legal recourse.
This contrasts sharply with UAE-licensed brokers who are required to offer direct customer service, maintain transparent terms, and follow dispute resolution processes under SCA oversight.
Should You Use Quotex in the UAE?
Here’s the honest conclusion:
If you value simplicity, high-risk/high-reward binary options, and are comfortable operating outside of legal protection, you can use Quotex with the help of VPNs and workaround payment methods.
If you prioritize security, legality, and long-term trading, you should look into regulated alternatives available within the UAE.
In short: Quotex works in the UAE — but it doesn’t mean it’s legal or safe to use.
It’s a classic case of "accessible but unauthorized."
Final Thoughts: Trade Smart in the UAE
The online trading space is growing fast in the UAE, but so are regulations. Authorities are increasingly aware of the risks posed by offshore platforms like Quotex. While it's tempting to use a platform that offers fast trades and easy access, the legal and financial downsides are too significant to ignore.
If you're serious about trading — whether it's forex, crypto, stocks, or options — your best bet is to go with a licensed broker. The UAE has made real progress in building a transparent, secure, and supportive trading environment for residents. Take advantage of it.
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