Claimed Regulation: CLAIMED IFMRRC (Expired/Invalid). WARNED BY UK FCA, US CFTC RED LIST, BE FSMA.
Broker Qx (Quotex) is an offshore binary options broker that has been explicitly blacklisted by the UK's Financial Conduct Authority (FCA). Operating through various domains including qxbroker.com, the platform specializes in unregulated binary contracts. Our analysis confirms a systematic pattern of 'Infinite Verification Loops' used to stall withdrawals, combined with documented chart latency issues that favor the house during high-volatility trading.
| Minimum Deposit | $10 (Low-entry trap) |
|---|---|
| Average Trading Fees | Fixed Spreads (Significant House Edge) |
| Tradable Assets | Binary Options, Forex, Crypto, Commodities |
| Platforms Supported | Proprietary Web/Mobile (QX Broker) |
| Year Founded | 2020 (Registered in St. Vincent) |
| Regulation Status | ⚠ BLACKLISTED BY UK FCA — US CFTC RED LIST |
| Known Domains | qxbroker.com, quotex.com, quotex.io |
Broker Qx / Quotex is a high-risk offshore entity with no valid regulatory authorization in major jurisdictions. The UK FCA has issued a formal warning against the firm, and the US CFTC has placed it on the RED List. Our forensic team has verified that the platform's 'Infinite Verification Loop' is a deliberate strategy to stall or deny withdrawal requests, specifically targeting accounts that have generated significant profits.
Investigation into QX Broker reveals a sophisticated 'B-Book' operation where the platform acts as the counterparty to every trade. This creates a direct conflict of interest: your profit is their loss. To protect their margins, the platform employs 'Chart Latency'—a deliberate delay in price updates during volatile market conditions. This ensures that trades are often executed at less favorable prices than what is seen on legitimate market trackers. This 'house edge' is augmented by unnatural price spikes that often hit client Stop Losses while ignoring the broader market trend.
The most alarming tactic observed is the 'Infinite Verification Loop.' Traders attempting to withdraw funds are subjected to endless requests for additional documentation—selfies with credit cards, utility bills from specific dates, or notarized translations—even if their account was previously verified. This stalling tactic is maintained until the trader either gives up or is tempted back into the market to lose their balance. Furthermore, as an offshore entity in St. Vincent and the Grenadines, QX Broker offers zero legal protection or insurance for client capital.
| Withdrawal Fee | $0 (Promised) / BLOCKED (Reality) |
|---|---|
| Idleness Fee | $100+ (After short inactivity) |
| Profit Seizure | Clause-based (Arbitrary 'Abuse' claims) |
| Verification Delay | Manual "Pending" Cycle (Indefinite) |
I grew my account from $500 to $4000 in two weeks. When I tried to withdraw, they started the verification loop. First my ID, then my bank statement, then a selfie holding my ID. I provided everything. Now they say my documents are 'unclear' and I have to wait 14 days for a review. They haven't replied to my emails in 10 days. Total scam.
I was checking the BTC/USD chart on Quotex against TradingView and Binance. Quotex has its own prices. At $65,500 on Binance, Quotex suddenly dropped to $65,200 for a second, wiping out my long position, then jumped back up. It didn't happen anywhere else. The charts are rigged to make you lose. Don't waste your money.
Depositing is instant. Withdrawing is impossible. They keep the status as 'Pending' for weeks. Support just says 'be patient.' After 3 weeks of waiting, my account was suddenly banned for 'Violating Terms'—no explanation. I lost $1,500. This is the same company as the other scam brokers.
No. Quotex is an unregulated offshore broker that has been blacklisted by the UK Financial Conduct Authority (FCA). It also appears on the US CFTC RED List as an unauthorized firm.
Our analysis indicates significant price discrepancies between Quotex and regulated exchanges. This is often indicative of chart manipulation or synthesized price feeds designed to trigger client losses.
If your withdrawal is stuck in a "pending" or "verification loop," you are likely being targeted by a withdrawal trap. Do not deposit more funds to "verify" your account. Contact our specialists for an immediate fund recovery consultation →
Regulatory Authorities That Have Warned About Broker Qx / Quotex
Warned by: UK FCA, US CFTC RED List, BE FSMA, CNMV
Warning date: Updated April 2026
Time is critical in fund recovery. Our forensic analysts specialize in tracing funds from unauthorized brokers. Contact us 24/7 for a confidential case evaluation.
Risk Warning: Trading involves significant risk and can result in the loss of your invested capital. This review is based on publicly available regulatory data and our own investigative analysis.
Regulatory Sources: This review references official warnings from UK FCA, US CFTC RED List, BE FSMA, CNMV. Always verify broker authorization through official regulatory websites before depositing funds.
Investigation Notice: If you have been a victim of Broker Qx / Quotex, please contact our investigation team for a confidential case evaluation.