6 minute read
Quotex India: Legal Status, Platforms, and Deposits
from QUOTEX
When Indian traders search for reliable online trading platforms, Quotex frequently comes up. But before investing time and money, the key questions are always the same: Is Quotex legal in India? What platforms are available? How do deposits work? This guide answers those questions directly, while also covering account types, payment methods, registration steps, and the reasons why Quotex continues to attract Indian traders.
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Is Quotex Legal in India?
The first question most traders ask is about legality. Quotex is legal to use in India because there are currently no specific laws that prohibit Indian residents from using offshore digital options or CFD trading platforms. Quotex is an international broker registered under Maxbit LLC, and it accepts clients from India.
What matters is that Quotex does not operate as a licensed Indian financial company; it functions as a global broker accessible through the internet. Indian regulators such as SEBI have not explicitly approved Quotex, but they also do not block citizens from using it. This means Indian users can register, deposit, and trade legally as long as they comply with local taxation and financial reporting rules.
In short: Yes, Indian traders can use Quotex legally, but they should understand that it is an offshore platform, not regulated by Indian authorities.
Platforms Available in India
Quotex is designed for simplicity and accessibility. It offers several platforms for Indian users:
Web Platform: Accessible through any browser without requiring downloads. This is the most popular way to trade, as it allows quick access across devices.
Android App: Quotex provides a fully functional app available on the Google Play Store. It mirrors the web platform, allowing users to trade, deposit, and withdraw on the go.
iOS App: Available through the Apple App Store, optimized for iPhones and iPads.
Windows PC App: Traders who prefer a desktop environment can download the PC version directly from the official Quotex website.
This multi-platform availability ensures that Indian users can trade from anywhere—whether they rely on a smartphone, laptop, or desktop computer. The user interface is consistent across devices, making it easy to switch from one platform to another.
Quotex Account Types in India
Quotex keeps its account structure simple, which appeals to both beginners and experienced traders. Indian users can choose from the following:
Demo Account
Available instantly after registration.
Comes with $10,000 in virtual funds.
Allows traders to practice without risking real money.
No time limit; traders can use it as long as they want.
Real Account
Activated after the first deposit.
Provides access to real trading, bonuses, and withdrawals.
Traders can start with a very low minimum deposit.
Affiliate Account
For those interested in promoting Quotex.
Provides commissions on referrals.
Unlike many brokers that complicate account tiers, Quotex keeps things straightforward. This transparency is one of the reasons it appeals to new traders in India.
Minimum Deposit on Quotex India
One of Quotex’s strongest features is its low entry barrier. Indian traders can start trading with just $10 (around ₹800). This minimum deposit makes Quotex accessible to students, beginners, or anyone curious about online trading without committing a large amount.
Additionally, the minimum trade size is just $1, meaning even after depositing $10, traders can place multiple trades to test strategies before scaling up.
For comparison, many international brokers require deposits of $50, $100, or even $250. Quotex’s $10 entry makes it one of the most beginner-friendly platforms in India.
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Payment Methods for Indian Users
Depositing and withdrawing funds is one of the most important factors for Indian traders. Quotex offers multiple secure payment methods that are available in India:
UPI (Unified Payments Interface)
Net Banking (IMPS, NEFT, RTGS)
Bank Cards (Visa, MasterCard)
E-Wallets (Skrill, Neteller, Perfect Money, PayTM in some cases)
Cryptocurrencies (Bitcoin, Ethereum, Tether, Litecoin, and others)
Among these, UPI and Net Banking are the most popular in India because they are fast, secure, and widely used. Quotex processes deposits instantly in most cases, while withdrawals may take from a few minutes up to 3 days depending on the method.
The platform does not charge deposit fees. Withdrawal fees are also absent, but users should confirm with their payment provider, as banks or wallets may charge small processing costs.
How to Register on Quotex India
Opening a Quotex account is straightforward. Indian traders can complete registration in less than five minutes by following these steps:
Visit the Official Website or Download the App
Open Quotex official site 👈 or install the mobile app.
Click on “Sign Up”
Enter your email address, choose a password, and select currency (USD, INR, or others).
Agree to Terms and Conditions
Confirm you are over 18 years old.
Activate the Demo or Real Account
You can start with the free demo immediately.
Or make a deposit to activate a real account.
Verify Your Identity (Optional but Recommended)
Although Quotex does not always require verification, providing KYC documents ensures faster withdrawals and account security.
That’s it—registration is complete, and users can begin trading instantly.
Why Choose Quotex in India?
With so many online trading platforms available, why should Indian traders choose Quotex? The reasons are clear:
Legally Accessible
Quotex is available in India without legal restrictions.
Low Minimum Deposit
Start trading with just $10, far lower than most international brokers.
Beginner-Friendly Demo Account
A $10,000 demo balance helps new traders practice without risk.
Multiple Payment Options
UPI, Net Banking, crypto, and cards make deposits and withdrawals convenient.
User-Friendly Interface
The platform is clean, simple, and easy to use on all devices.
Fast Execution
Quotex prides itself on instant trade execution, minimizing slippage.
Bonuses and Promotions
Quotex often offers deposit bonuses, giving traders extra funds to start with.
Global Access
The ability to trade from India while using an international platform provides access to global markets.
24/7 Trading and Support
Markets are available around the clock, and support is responsive.
These features combine to make Quotex one of the most attractive platforms for Indian users looking to enter digital options trading.
Important Considerations for Indian Traders
While Quotex is legal and beginner-friendly, Indian traders should keep a few things in mind:
Regulation: Quotex is not regulated by SEBI. It is an offshore broker. This means users should trade responsibly and avoid investing money they cannot afford to lose.
Taxation: Profits earned on Quotex are taxable under Indian law. Traders must declare income and pay applicable taxes.
Risk Management: Digital options trading involves high risk. Beginners should practice on demo accounts and use small investments at first.
Understanding these points helps Indian traders use Quotex safely and effectively.
Final Thoughts
Quotex India is a legal, accessible, and low-barrier trading platform that suits both beginners and experienced traders. Its combination of a $10 minimum deposit, multiple payment options like UPI and Net Banking, and easy account registration makes it one of the most beginner-friendly brokers available to Indian users.
While it is not SEBI-regulated, it remains legal to use in India, as there are no restrictions on offshore digital trading platforms. For those looking to start trading with minimal investment and maximum flexibility, Quotex is a strong option.
The bottom line: Quotex is available, simple to use, and affordable for Indian traders, provided they approach it responsibly and with proper risk management.
💥 Trade with QUOTEX now: Open An Account or Visit Brokers 👈
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