6 minute read
Quotex Malaysia: Legal Status, Platforms, and Deposits
from QUOTEX
If you are a Malaysian trader looking for an easy-to-use trading platform, Quotex has probably caught your attention. But before opening an account, you need clear answers: Is Quotex legal in Malaysia? What platforms are available? What types of accounts can you open? What is the minimum deposit, and which payment methods are supported? In this detailed guide, we’ll address each question step by step so you can make an informed decision.
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Is Quotex Legal in Malaysia?
Legality is the first thing every Malaysian trader worries about when choosing an international broker. Here’s the breakdown:
Quotex is not regulated by Malaysia’s Securities Commission (SC). This means it does not have a local license to operate as a regulated broker within Malaysia.
However, Malaysians are not prohibited from using it. Unlike gambling sites, which are restricted, online trading platforms such as Quotex are not blocked by law. Many Malaysians actively use Quotex without legal issues.
Global regulation: Quotex is operated by Awesomo Ltd and regulated under the International Financial Market Relations Regulation Center (IFMRRC). While this is not a top-tier financial regulator, it adds a layer of accountability.
📌 Conclusion: Using Quotex in Malaysia is legal, but it’s not locally regulated. As with any trading platform, users should apply caution and trade responsibly.
Platforms Available
One of Quotex’s main strengths is accessibility. Whether you are at home or traveling, you can access your account and place trades conveniently:
Web Platform: Runs directly in your browser without installation. It is lightweight, fast, and offers the full set of trading features including indicators, chart types, and signals.
Mobile App (Android & iOS): Perfect for traders who want to trade on the go. The mobile interface is clean, responsive, and supports all essential functions, including deposits and withdrawals.
Desktop App: For those who prefer a dedicated application on their computer, Quotex provides a downloadable version with the same performance as the web version.
Each version is synchronized. For example, if you open a position on the desktop app, you can monitor or close it on your mobile device instantly.
Account Types
Quotex offers accounts that fit different trader profiles:
Demo Account: Free and comes with $10,000 in virtual balance. No deposit required. Ideal for beginners who want to practice risk-free.
Standard Account: Requires a small deposit of $10 (about RM45). Provides full access to the platform, including all markets, assets, and trading tools.
VIP Accounts: Available to traders who deposit larger sums (around $1000 or more). Benefits include higher payouts (sometimes up to 98%), priority withdrawals, personal support, and exclusive promotions.
✅ Tip: Always begin with a demo account before upgrading to a live one. This allows you to test strategies and learn the platform without financial risk.
Minimum Deposit in Malaysia
One of the biggest advantages Quotex offers to Malaysians is its low entry point. The minimum deposit is just $10 (RM45–50 depending on exchange rates). Compared to traditional brokers requiring RM500 or more, this makes Quotex highly accessible to everyday Malaysians, including students and part-time traders.
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Payment Methods for Malaysians
Quotex supports a wide range of payment systems that are popular in Malaysia:
Bank Cards: Visa and MasterCard deposits are processed instantly. Withdrawals usually take 1–3 days.
E-Wallets: Skrill, Neteller, Perfect Money, and other popular wallets are supported. E-wallets are often faster for withdrawals.
Cryptocurrencies: Quotex accepts Bitcoin, Ethereum, Litecoin, and Tether (USDT). Crypto payments are gaining popularity in Malaysia because they are fast and come with low fees.
Local Banking Options (via third-party providers): While not directly supported, many Malaysians use e-wallets or crypto exchanges linked to their bank accounts to fund their Quotex accounts.
💡 Note: Quotex does not charge fees for deposits or withdrawals. However, payment processors (banks, wallets, crypto exchanges) may apply small fees.
Step-by-Step Registration Process
Registering on Quotex in Malaysia is straightforward:
Go to the official Quotex website or download the app.
Click “Sign Up.” Enter your email, create a password, and select your account currency (USD is recommended for simplicity).
Agree to the Terms & Conditions.
Verify your email address. A confirmation link will be sent to your inbox.
Log in to your account. You can start trading with the demo balance immediately or make a deposit to activate your live account.
📝 Identity verification (KYC) may be required for withdrawals, so make sure to register with your real information.
Why Choose Quotex in Malaysia?
Here are the main reasons Malaysian traders are choosing Quotex:
Low Deposit Requirement: Start trading with as little as $10.
Beginner-Friendly Interface: Easy navigation, smooth charts, and clear order placement.
Free Demo Account: Practice with $10,000 virtual funds.
Fast Deposits & Withdrawals: Most payments are processed quickly without hidden fees.
Global Asset Coverage: Trade currencies (Forex), commodities, stocks, and cryptocurrencies.
Built-in Trading Tools: Over 30 indicators and free trading signals help with decision-making.
Cross-Device Access: Switch between desktop, web, and mobile seamlessly.
Growing Global Community: Thousands of traders worldwide trust Quotex, adding to its credibility.
No Commission Fees: Keep more of your profits since Quotex does not charge deposit or withdrawal fees.
Tips for Malaysian Traders Using Quotex
Start Small: Begin with the minimum deposit until you are confident in your strategy.
Use the Demo Account: Test indicators, signals, and strategies without risk.
Manage Risks: Never invest more than you can afford to lose. A common rule is to risk only 1–2% of your balance per trade.
Stay Updated: While Quotex provides signals, always verify with your own technical analysis.
Withdraw Profits Regularly: Don’t keep all funds on the platform—withdraw profits periodically for safety.
Final Thoughts
Quotex Malaysia offers a simple, affordable, and flexible trading experience for beginners and advanced traders alike. Although it is not regulated by the Malaysian Securities Commission, it remains legal to use and provides multiple ways to deposit, trade, and withdraw funds. Its $10 minimum deposit, multi-platform access, demo account, and wide range of payment methods make it one of the most accessible brokers for Malaysians.
If you are new to online trading, Quotex is a good starting point. Begin with the demo account, learn the tools, and then progress to live trading with small amounts. With discipline, risk management, and continuous learning, Quotex can become a valuable platform in your trading journey.
💥 Trade with QUOTEX now: Open An Account or Visit Brokers 👈
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