Editorial team, quotex.radio.fmupdated 3 September 2026platform read 26 August 2026
Quotex review: how this binary options broker actually works
Quotex is a binary options trading platform operated on qxbroker.com; the domain owner named in the footer is ON SPOT GROUP LLC, registered at Main Street, P.O. Box 625, Charlestown, St. Kitts and Nevis.
18+ · No financial regulator is named in the company's own documents
Any current promotion and its terms are shown on the platform itself.
The minimum deposit to trade real money is 10 USD and the demo account is credited with 10,000 USD in virtual funds. The company's own Service Agreement calls the product a binary option and states that the Payout Factor — the percentage you receive on a winning trade — is set by the company, not by a market. No financial regulator is named anywhere in the company's documents, and disputes are heard in the courts of St. Kitts and Nevis. Read the sections below before you decide anything.
T−60s key facts · read from the platform on 26 August 2026
Eight things that are actually written down
T−55s the asset · what Quotex is and who runs it
What Quotex is and who runs it
Quotex is a binary options trading platform. Its official address is qxbroker.com: quotex.com answers with a 301 redirect to qxbroker.com/en/, whose title reads «Quotex trading platform | QxBroker official site». The site lists 23 language versions — Arabic, Bengali, Hindi, Urdu, Portuguese, Swahili and others — over three domains (qxbroker.com, market-qx.trade, market-qx.pro): a menu built for developing markets, not for supervised ones.
The footer names ON SPOT GROUP LLC, Main Street, P.O. Box 625, Charlestown, St. Kitts and Nevis, as «the owner of the qxbroker.com domain», under «© 2026 Quotex». The Service Agreement — a 25-page PDF updated 20 October 2025 and dated 1 February 2020 — spells the same party as ON SPOT LLC GROUP at the same address. Two spellings for one company is a fact we record, not interpret.
Neither document names a parent group, a banking partner, a licence number or a supervisory authority. The Quotex broker calls itself an investing platform; its own paperwork describes a contract on price direction, heard in the courts of St. Kitts and Nevis.
«Digital Trading — a Contract (Binary option), which is used to profit from the price movement of the basic assets underlying such contracts over a certain period of time.»
Service Agreement, ON SPOT LLC GROUP, dated 1 February 2020 · the company's own definition of its product
Exhibit · the platform's own hero render, qxbroker.com/en/, read 2026-08-26
T−45s how a trade works, step by step
How a trade works, step by step
No strategy — only the mechanics of Quotex trading: one contract, four inputs, exactly two outcomes.
- 1Left rail: Trade / Account / Deposit
- 2Asset list and open tabs
- 3Timeframe selector
- 4Candlestick chart
- 5Expiry timer
- 6Trade amount panel
- 7Payout Factor, %
- 8Direction buttons Up / Down
- 9Trade history
- ·Demo / Real switch sits in the top bar
The number that matters is not on the chart. In a Quotex trade the price of being right is not a market quote — it is a figure chosen by the counterparty to your contract, per asset, per moment:
«Payout Factor — a percentage factor that determines the amount of Income. The Payout Factor is set by the Company based on Basic Asset and other conditions of the Trade.»
Service Agreement · read 2026-08-26T−40s the account · logging in and what happens to it
Logging in and what happens to your account
No separate Quotex login page here — what matters is what the account is bound by once you are in. The rules apply to the web terminal and the app alike: both open the same account.
- § 1.30One active account per personA second registration under another e-mail is a breach the company may act on without warning.
- Help centreDeleted after 3 months without activityThe e-mail address cannot be used to register again.
- Help centreRecovery goes through support, with documentsWith funds on a deleted or blocked account, access is restored only via support, after identity and deposit confirmation.
- § 7.12Trading robots — no prior noticeWhere automatic detection flags trading software, the company may act without notifying the owner first.
- TerminalDemo and real live in one cabinetAfter Quotex trading login the balances switch in the top bar; interface, asset list and expiry timer are the same in both modes.
Signing in from a phone and getting back in after a lockout: Quotex app and PWA. The demo mode and its two entry paths: demo account.
T−35s the amount · money in and money out
Money in and money out
Four fields from the platform's own pages, as read on 26 August 2026. None of them is our offer.
Minimum deposit
10USD
«to start real trading is 10 USD» — homepage and FAQ
Withdrawal window
1–5days
from the date of the request, depending on the queue — official FAQ
Broker fee
0USD
no broker fee; third-party providers may charge theirs
Bonus withdrawal
No§ 1.28
bonus is virtual money; own funds are spent first; bonus turnover applies
10 USD opens real trading — the same figure on the homepage and in the FAQ. A withdrawal takes from 1 to 5 days from the day the request is placed, and the FAQ ties the exact timing to the queue. Quotex states it charges no fee in either direction; what a card issuer, an e-wallet or a crypto network takes, including its conversion rate, is between you and them.
Clause 1.28 decides whose money leaves the account first. Bonus funds are virtual; your own deposit is spent first, the bonus afterwards. As a rule the bonus cannot be withdrawn; if you withdraw money deposited earlier, the company may debit all credited bonuses; and a separate bonus turnover requirement applies — a breach of it the company may classify as an unfair action on its own judgement (clause 7.12.5).
Any current promotion and its terms are shown on the platform itself; this page publishes no bonus figures of its own.
T−35s · the payout is quoted by the other side
T−30s the arithmetic nobody puts in the banner
The arithmetic nobody puts in the banner
A win pays less than 100 % of the stake; a loss costs all of it. So the share of correct forecasts needed just to stand still is always above one half.
At a payout of 85 % you must be right in 54.1 % of trades to break even.
The percentage is set by the other side of the trade — Service Agreement § 1.39.
The formula is one line: breakeven = 1 / (1 + payout). At 85 % a correct trade returns 0.85 of the stake and a wrong one removes 1.00, so they cancel out only when 54.1 % of forecasts are right; at 80 % the bar is 55.6 %, at 90 % it is 52.6 %. The conclusion is a fact, not a moral: a neutral result requires a systematic edge above chance, and the size of that edge is set by the counterparty (clause 1.39). The risk notice runs the same arithmetic through a series of trades.
| Payout on a win | Loss on a miss | Correct forecasts needed to break even |
|---|---|---|
| 80 % | 100 % | 55.6 % |
| 85 % | 100 % | 54.1 % |
| 90 % | 100 % | 52.6 % |
T−20s the spread · the «87 % signals» claim, examined
The «87 % signals» claim, examined
One homepage sentence does most of the selling: «Signals with 87% accuracy rate will help you to build a profitable strategy.» We do not repeat it as a fact — left lane the claim, right lane the documents.
Up · the platform states
«Signals with 87 % accuracy rate» — a feature block on the homepage, next to «Integrated signals».
qxbroker.com/en/, read 2026-08-26Down · what is missing
Who measured it, on which sample, over which period and for which assets is not stated; the Service Agreement does not mention signals at all.
Service Agreement, 25 pages · no clause on signalsUp · if the figure were true
An 87 % hit rate would sit far above the 54.1 % break-even share at an 85 % payout.
arithmetic from the section aboveDown · the documents say
The Payout Factor «is set by the Company» (§ 1.39). A signal cannot know the payout the company will attach to the next trade, so its stated accuracy says nothing about the outcome in money.
Service Agreement § 1.39The homepage counters — 410 assets, 1.2 million+ accounts, 98 % of withdrawals within 24 hours — are company statements with no audit attached. This is also the honest answer to «Quotex is real or fake»: the platform, the company and the terminal are real; what no document establishes is that signals make the arithmetic go away.
T−15s who cannot open an account
Who cannot open an account
Clause 4.2 requires the client to be 18 or older and fully legally capable; clause 4.2.1 bars public officials, politically exposed persons and their relatives; clause 4.2.2 lists the United States and around 70 further jurisdictions the company will not register:
The footer says it shorter: not available in the USA, Canada, Hong Kong, the EEA, Israel, Russia, or under 18. India, Bangladesh, Pakistan and Brazil do not appear on the company's own restricted list — so the company accepts registrations from there. It does not mean any authority there has approved it; the two must not be confused. Licence, regulator and recourse in full: Quotex legal status in India.
Exhibit · the looping background of the qxbroker.com homepage, the only picture it uses to describe itself
T−10s where the app officially lives
QxBroker on Google Play, plus a PWA
Published on Google Play as QxBroker - Investing Platform, package io.quotex.x; the site also offers a PWA build. No iOS app is linked in the official footer. Install and recovery steps: Quotex app and PWA.
io.quotex.xT−5s questions before expiry
FAQ
Who owns Quotex?
The footer of qxbroker.com names ON SPOT GROUP LLC, registered at Main Street, P.O. Box 625, Charlestown, St. Kitts and Nevis, as the owner of the domain. The Service Agreement spells the name ON SPOT LLC GROUP at the same address and is dated 1 February 2020. No parent group, banking partner or financial regulator is named in either document.
Is Quotex a regulated broker?
No financial regulator is named in the company's own documents. There is no licence number, no supervisory authority and no compensation scheme mentioned in the Service Agreement, the Risk Disclosure or the site footer. Clauses 8.3.2 and 8.3.3 place any dispute under the law and the courts of St. Kitts and Nevis.
How much do I need to start?
The platform states a minimum deposit of 10 USD to start real trading, and its FAQ repeats the same figure. The demo account is credited with 10,000 USD in virtual funds and, according to the site, can be opened without registration.
How long does a withdrawal take?
The official FAQ says a withdrawal takes from 1 to 5 days from the date the request is placed, depending on the current queue. Quotex states it charges no deposit or withdrawal fee, but notes that third-party payment providers may charge their own fees and apply their own conversion rate.
Can I use bonus money and then withdraw it?
Not as a rule. Clause 1.28 says your own deposited funds are spent first, bonus funds only afterwards, and that bonus amounts are generally not withdrawable. If you withdraw previously deposited money, the company may debit all credited bonuses, and there is a separate bonus turnover requirement.
T−0 expiry
Result: the payout was set by the other side of the trade
Verdict
By its own documents, Quotex is open to an adult outside the company's restricted list who is prepared to lose the deposited amount in full. Verifiable: the 10 USD minimum, the 10,000 USD demo, the 1–5 day withdrawal window, the one-account rule and the absence of any named regulator. Company statements: 410 assets, 1.2 million accounts, 98 % of withdrawals in a day, the 87 % signals. On Trustpilot the qxbroker.com profile holds 4,859 reviews with the rating hidden by the platform. The demo costs nothing and shows the terminal exactly as it is — the only step this review recommends before any other.
18+. Trading binary options can lead to the loss of the entire amount you deposit. The product is not covered by any compensation scheme; no financial regulator is named in the company's documents, and disputes are heard in the courts of St. Kitts and Nevis. Read the full risk notice before funding an account.