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Can I Use Quotex in Pakistan? What You Need to Know
from QUOTEX
Yes, you can use Quotex in Pakistan. Quotex is accessible to users in Pakistan, and many traders across the country are already using the platform for binary options trading. However, just because you can use Quotex doesn’t mean you should jump in without understanding the legal landscape, risks, and how to trade responsibly.
In this article, we’ll explore everything you need to know about using Quotex in Pakistan — including its legality, how to register, deposit methods, the risks involved, and tips to stay safe while trading.
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What Is Quotex?
Before diving deeper, let’s briefly define what Quotex is.
Quotex is a binary options trading platform owned by Awesomo Ltd., launched in 2020. It allows users to speculate on price movements of various assets — including forex pairs, cryptocurrencies, commodities, and stocks — over a set time frame, usually from 1 minute to 4 hours.
Rather than buying the asset, you’re simply predicting whether the price will go up or down by the time your chosen period ends.
The platform is known for its:
User-friendly interface
Low minimum deposit ($10)
High payout ratios (up to 98%)
Free demo account with $10,000 virtual funds
Is Quotex Legal in Pakistan?
This is where things get nuanced.
Quotex Is Not Banned in Pakistan
There is no official ban on Quotex in Pakistan as of now. You can access the website, create an account, and trade without any VPN. The platform accepts Pakistani users and even supports PKR deposits via local payment methods (more on that later).
However, the State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP) do not regulate or endorse binary options trading platforms. This means Quotex operates in a legal grey area — it’s accessible, but not officially approved.
No Local Licensing
Quotex is not licensed by any regulatory body in Pakistan. It is regulated internationally by the IFMRRC (International Financial Market Relations Regulation Center) — which, while offering some level of oversight, is not a government authority and is not considered top-tier compared to regulators like the FCA or CySEC.
Is It Safe to Use Quotex in Pakistan?
Technically, yes — but with caution.
Here’s why:
Quotex is not a scam. It has millions of users globally and a solid reputation for fast withdrawals and fair trading conditions.
But since it's not regulated by Pakistan’s financial authorities, you don’t have any legal protection if something goes wrong — such as account suspension, withdrawal issues, or trading disputes.
So while it's safe in terms of platform performance and reliability, you are trading at your own risk from a legal standpoint.
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How to Register on Quotex from Pakistan
Signing up is simple and takes just a few minutes. Here’s how:
Go to Quotex
Click “Sign Up”
Enter your email and password
Select your base currency (you can choose PKR, USD, or crypto)
Accept the terms and click “Register”
You can start with the demo account or deposit real funds
No verification documents are required at the start, but you may be asked for ID proof during withdrawals for security reasons.
How to Deposit Money into Quotex from Pakistan
One of the reasons Quotex is popular in Pakistan is its wide range of local deposit options.
Deposit Methods Available in Pakistan:
Easypaisa / JazzCash – via third-party payment gateways
Bank Transfer – supported through local exchanges
Crypto – Bitcoin, Tether (USDT), Litecoin, etc.
Perfect Money – commonly used in Pakistan for international payments
Visa/MasterCard – depending on your bank’s international transaction settings
The minimum deposit is $10 (around PKR 2800) and funds are usually credited within minutes.
How to Withdraw from Quotex in Pakistan
Withdrawals are just as straightforward, and most users report quick payouts within 1–3 business days.
Withdrawal Options:
Crypto wallets (USDT/BTC/etc.)
Perfect Money
Local payment exchangers (e.g., Pakistani freelancers or traders who convert crypto to PKR)
Note: You can’t withdraw directly to Easypaisa or JazzCash, but you can withdraw to crypto and convert it to PKR using a local exchanger.
Is Quotex Halal in Islam?
This is a common concern among Muslim traders in Pakistan.
The answer isn’t black and white.
Islamic scholars are divided on binary options trading. Some consider it haram because:
It resembles gambling (speculating without owning the asset)
It involves uncertainty (gharar)
It can lead to addiction and financial harm
Others argue that if the trading is done responsibly and without interest (riba), it could be considered halal, especially if it’s used purely for speculation and hedging.
If this is important to you, we strongly advise speaking with a qualified Islamic scholar before engaging in binary options trading.
Risks of Using Quotex in Pakistan
While Quotex is accessible, trading on it comes with several risks — especially in a country where financial literacy about such platforms is still developing.
1. High Risk of Loss
Binary options are known for their simplicity — but also for the high risk. You either win or lose your entire trade amount. Many beginners blow their accounts within days.
2. No Regulatory Protection
Since Quotex isn’t licensed in Pakistan, you have no legal recourse in case of disputes or account issues.
3. Scams & Fake “Quotex Agents”
Some scammers in Pakistan pretend to be “Quotex agents” or “account managers.” They offer guaranteed returns or trade on your behalf. Avoid them at all costs. Quotex never offers managed accounts.
4. Volatile Exchange Rates
If you deposit or withdraw in USD or crypto, you may face volatility when converting to/from PKR.
Tips for Pakistani Users New to Quotex
If you still want to try Quotex, here are some tips to minimize your risks:
Start with the demo account – Practice before using real money
Only invest what you can afford to lose
Use a proper trading strategy – Avoid emotional decisions
Avoid borrowed money or loans for trading
Withdraw profits regularly – Don’t leave large amounts on the platform
Stay away from “signal groups” or paid trading bots
Should You Use Quotex in Pakistan?
That depends on your risk tolerance, trading experience, and financial goals.
✅ Use Quotex if:
You understand the risks of binary options
You have experience in price action or technical analysis
You’re disciplined and don’t chase losses
❌ Avoid Quotex if:
You’re looking for a guaranteed income
You’re a complete beginner with no trading background
You can’t afford to lose the money you’re investing
Alternatives to Quotex in Pakistan
If you’re unsure about Quotex or want regulated options, consider the following platforms (note: may require VPN):
Deriv – Offers both binary and CFD trading
IQ Option – Popular worldwide, though access from Pakistan may be limited
Binomo – Binary options platform, but also unregulated
Exness / OctaFX – For forex and CFD trading with local deposit support
While these aren't strictly binary options platforms, they offer more traditional trading and better regulatory coverage.
Final Verdict: Can I Use Quotex in Pakistan?
Yes, you can use Quotex in Pakistan, and many traders already do. The platform is accessible, supports local payments, and offers a smooth user experience.
However, Quotex is not regulated in Pakistan, so you’re trading at your own risk. If you choose to trade, do so responsibly, start small, and never fall for scams promising guaranteed profits.
Educate yourself before you trade — and always treat binary options as high-risk speculation, not a reliable source of income.
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