7 minute read
Quotex Saudi Arabia: Legal Status, Platforms and Deposits
from QUOTEX
Yes, Quotex is legal to use in Saudi Arabia, fully accessible on web and mobile, and requires just a $10 minimum deposit. For traders in the Kingdom, this platform has become one of the most popular choices thanks to its simple interface, demo account option, and wide range of payment methods.
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In this article, we’ll dive into everything you need to know about Quotex in Saudi Arabia — from its legal status and platform availability to account types, deposits, withdrawals, and why many Saudi traders are choosing it over traditional brokers.
Is Quotex Legal in Saudi Arabia?
The first question most Saudi residents ask is about legality. Quotex is an offshore broker operated by Awesomo Ltd, a company registered in Seychelles. It is not a broker licensed by the Saudi Capital Market Authority (CMA). This means Quotex is not officially regulated in Saudi Arabia, but it is also not banned.
Saudi residents are free to register and use Quotex for trading. Many traders in the Kingdom already trade with offshore brokers, including Quotex, because the platform is accessible, user-friendly, and does not impose restrictions on Saudi IP addresses.
However, you should always remember: since Quotex is not licensed locally, you are responsible for your own due diligence. You will not have the same legal protection as with a Saudi-regulated broker. For most retail traders, this is acceptable, but it is important to be aware of the risks before depositing funds.
Is Quotex Available in Saudi Arabia?
Yes, Quotex is fully available in Saudi Arabia. The website and mobile applications work without restrictions. Traders can access the platform in English or Arabic, and customer support also offers assistance in both languages.
The platform is designed to be lightweight and simple, so it runs smoothly even on low-speed internet connections, which makes it convenient for users in all regions of Saudi Arabia.
Unlike some international brokers, Quotex does not impose geographical blocks. Saudi users can sign up, verify their accounts, and deposit funds using local or international payment options.
Platforms Offered by Quotex
Quotex has invested in creating a modern, fast, and accessible trading environment. Instead of relying on third-party platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5), Quotex offers its own proprietary trading interface.
Here are the main platforms available:
Web Platform: Runs directly in your browser without downloading. Works on Chrome, Safari, Edge, or Firefox.
Mobile App (Android & iOS): Available on Google Play and Apple’s App Store. Optimized for quick trade execution on the go.
Desktop App (Windows & Mac): For those who prefer a dedicated application, Quotex also provides downloadable software.
The design is clean, with real-time charts, a variety of indicators, and customizable timeframes. For traders in Saudi Arabia, this means you can easily switch between devices—trade at home on a desktop or check positions on your phone while traveling.
Account Types at Quotex
Unlike traditional brokers with multiple account tiers, Quotex keeps things simple with just two primary account options:
Demo Account
Free for all users.
Comes with $10,000 in virtual funds.
Lets beginners practice trading without risk.
Can be used indefinitely with reset options.
Live Trading Account
Requires a minimum deposit.
Real trades with real profits and risks.
Access to all features and withdrawal options.
Quotex does not complicate things with “bronze,” “silver,” or “gold” account levels. Everyone gets equal access to the same features, tools, and payment methods. For Saudi traders, this transparency is a major plus.
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Minimum Deposit on Quotex in Saudi Arabia
Another common question is: How much do I need to start?
The good news is that Quotex has a very low minimum deposit requirement of just $10 USD (around 37 SAR). This is one of the lowest in the industry, making it accessible for beginners in Saudi Arabia who want to start small and test the waters.
Withdrawals also have a low minimum threshold of $10, which means you can easily access your profits without needing a large balance.
Payment Methods in Saudi Arabia
Quotex supports a wide range of payment options that work well for Saudi residents. These include:
Bank Cards (Visa/Mastercard) – Widely used in the Kingdom.
E-Wallets – Such as Skrill, Neteller, and Perfect Money.
Cryptocurrencies – Bitcoin, Ethereum, Tether (USDT), Litecoin, and more.
Local Payment Methods – In some cases, Quotex partners with payment processors that allow direct deposits from Saudi banks.
Deposits are usually instant, while withdrawals may take up to 1–5 business days depending on the method. For crypto, withdrawals are often processed within a few hours.
Importantly, Quotex does not charge internal deposit or withdrawal fees, but your bank or e-wallet provider may apply charges.
How to Register on Quotex in Saudi Arabia
Signing up for Quotex is straightforward and takes less than five minutes:
Visit the Website or Download the App – Quotex official site is available in Saudi Arabia.
Click “Sign Up” – Enter your email, create a password, and choose your currency (USD or another option).
Verify Your Account – Quotex may require KYC verification (uploading ID and proof of address).
Fund Your Account – Deposit a minimum of $10 using your preferred method.
Start Trading – You can immediately access the demo account or begin live trading.
The platform is designed to be user-friendly even for complete beginners, with guided steps during registration.
Why Choose Quotex in Saudi Arabia?
There are many brokers available to Saudi traders, so why should you consider Quotex? Here are the top reasons:
Accessibility – Available in Saudi Arabia without restrictions.
Low Minimum Deposit – Start with as little as $10, unlike other brokers that require $100 or more.
Simple Interface – Clean, easy-to-use platform that does not overwhelm beginners.
Demo Account Forever – Practice without risk before using real money.
Wide Range of Assets – Trade forex pairs, cryptocurrencies, commodities, and indices.
Fast Transactions – Quick deposits and withdrawals, especially via crypto.
Support in Arabic – Helpful for Saudi traders who prefer local language assistance.
While Quotex is not a CMA-regulated broker, it provides a solid balance of accessibility, low costs, and modern technology that appeals to many Saudi traders.
Risks to Consider
No trading platform is perfect. Before using Quotex in Saudi Arabia, you should also keep these risks in mind:
Not Locally Regulated: If disputes arise, you cannot seek help from the Saudi CMA.
Trading Risk: Like all brokers offering binary options and short-term trading, there is a high risk of losing money quickly.
Limited Research Tools: Compared to big platforms like MT4/MT5, Quotex offers fewer advanced analytics.
The best approach is to start small, use the demo account, and never invest more than you can afford to lose.
Final Thoughts
Quotex in Saudi Arabia offers a legal, accessible, and low-cost trading solution for those interested in online trading. While it is not regulated by the Saudi CMA, it is available to Saudi residents without restrictions, and its $10 minimum deposit makes it attractive for beginners.
With a simple platform, demo account, multiple payment options, and support in Arabic, Quotex is a popular choice among Saudi traders. However, always remember to trade responsibly and understand the risks involved.
If you are looking for a way to explore online trading in Saudi Arabia with a small starting amount, Quotex provides one of the easiest entry points available today.
💥 Trade with QUOTEX now: Open An Account or Visit Brokers 👈
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