Quotex is an online trading platform specializing in binary options, offering access to various assets such as currencies, commodities, cryptocurrencies, and indices. Established in 2019, it provides a user-friendly interface suitable for both novice and experienced traders. The platform requires a minimum deposit of $10 and offers a demo account for practice trading. citeturn0search4 **Regulatory Status and Safety Concerns** Quotex is registered in St. Vincent and the Grenadines, a jurisdiction known for its minimal regulatory oversight. It is also registered with the International Financial Market Relations Regulation Center (IFMRRC), which offers a basic level of oversight but is not as stringent as authorities like the FCA or CySEC. This lack of robust regulation has raised concerns about the platform's legitimacy and the safety of traders' funds. citeturn0search2 **User Feedback and Experiences** User reviews of Quotex present a mixed picture. Some traders commend the platform's ease of use and potential profitability. For instance, a user named zahida parveen stated, “I am very happy and good experience. However, other users have