Quotex Legality & Safety in India

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Quotex is not regulated by any top-tier financial authority and has been flagged as untrustworthy by multiple independent broker review sites and legal experts. Here are key findings regarding its regulatory status and trustworthiness:

• Lack of Top-Tier Regulation: Quotex is not registered with or overseen by stringent financial regulators. It operates as an offshore broker, and its registration—if any—is not with authorities recognized for strong investor protections or oversight.
• Regulatory Warnings: The Spanish Financial Supervisory Authority has issued an official warning about Quotex, further highlighting concerns regarding the legitimacy of its operations.
• Withdrawal Issues Reported: Many reviews note withdrawal problems and label Quotex as a potential scam, warning traders about significant risks associated with funding accounts or attempting to withdraw profits.
• Negative Expert Consensus: Safety experts and broker reviewers consistently advise against opening accounts with Quotex, specifically due to its unregulated status and the lack of protections for investors if disputes or losses occur.

Conclusion: Quotex is not a regulated or trustworthy broker. Experts recommend avoiding this platform and instead choosing brokers that are registered with recognized, top-tier regulatory bodies to ensure security and recourse in case of issues.