Quotex is a digital trading platform established in 2020, offering binary options trading across various assets, including currencies, commodities, indices, and cryptocurrencies. The platform is known for its user-friendly interface, low minimum deposit requirement of $10, and a minimum trade amount of $1, making it accessible to beginners. Additionally, Quotex provides competitive payout rates, potentially reaching up to 95% for certain trades, and offers fast execution times, which are advantageous for short-term traders. FX FUND MANAGERS However, there are significant concerns regarding Quotex's regulatory status. The platform is not regulated by any major financial authority, raising questions about the level of protection offered to traders. This lack of robust regulation means that traders might not have the same level of security they would find with brokers under the supervision of reputable financial bodies. ESETA Furthermore, there have been numerous user complaints about issues with fund withdrawals and account blockages. For instance, some users have reported delays in withdrawals, with funds marked as "successful" but not received in their accounts even after several days. Others have experienced account blockages without clear explanations, leading to significant financial losses. BROKERSVIEW Given these concerns, it's crucial for potential users to exercise caution. The combination of limited regulatory oversight and user-reported issues suggests that trading on Quotex may carry significant risks. It's advisable to consider these factors carefully and explore alternative platforms that offer stronger regulatory protections and have a more transparent track record.