Quotex India - Is It A Good Broker In 2026?

While Quotex offers advanced charting tools and mobile accessibility, traders should be aware that bonuses cannot be withdrawn. Quotex remains a competitive choice for those looking for an accessible and flexible trading platform.

QUOTEX is a binary options broker established in 2019. It offers traders the option to trade in foreign exchange, commodities, indices, and cryptocurrencies. The company has traders from different locations, covering India, Mexico, Turkey, Nigeria, and more.

Traders who choose to work with QUOTEX enjoy plenty of benefits, including a wide range of trading options, high payouts, and 24/7 customer support. This review looks closely at QUOTEX India’s features and platform to see if it’s worth your investment in 2026.

Key points from the article:

• QUOTEX offers a user-friendly platform for a wide range of markets and trading instruments. Pros include an affordable minimum deposit ($10), a variety of trading options, and 24/7 support. No fees on trades, deposits or withdrawals.

• Cons are it is not regulated by government authorities in India and deposit bonuses cannot be withdrawn.

• The platform provides access to currency pairs, indices, commodities, stocks, and derivatives. Mobile and web platforms are available.

• While not regulated in India, QUOTEX is legally operating and accepts Indian traders. Deposits can be made via local payment methods.

• Payment methods for Indian deposits include bank transfers, debit/credit cards, cryptocurrency, and e-wallets.

QUOTEX India - General information

QUOTEX Review

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Quotex is a digital options broker with more than 100 markets globally. It accepts all kinds of clients and supports different currencies. It has a reliable online trading presence, a dedicated platform, and reliable software. The table contains more details about the platform.

QUOTEX India pros and cons

Here are some pros and cons of QUOTEX India:

QUOTEX India review

QUOTEX provides traders with various trading options, including currency pairs, indices, commodities, stocks, and derivatives. The platform is accessible through a mobile application for MT4, as well as a web-based and browser-supported platform. Traders can take advantage of advanced charting tools along with automated trading features. The company also offers a mobile app, which is available for both iOS and Android devices.

When it comes to the presence of Quotex in India, the platform is accessible in multiple countries and supports several languages, including English, French, German, Spanish, and Hindi. A dedicated team of financial experts is available to assist traders with any inquiries or concerns.

Local traders in India can use the platform in both English and Hindi. If you are wondering, "Can I use Quotex while residing in India?" the answer is yes. The platform enables Indian traders to make fast and secure deposits through local payment methods, such as debit cards and net banking.

For those seeking a comprehensive Quotex review, specifically focusing on its offerings in India, the platform provides user-friendly features, a wide range of trading options, and reliable customer support.

Is QUOTEX legal in India? Is it safe?

The question of trading using Quotex, and whether it is legal in India, is a common concern. Indian traders can access all the features of this broker, including the ability to trade in various financial markets and assets.

The Quotex trading app, as well as its operational framework, is legal in India. However, since Quotex is a relatively new platform, and although it is accessible, it does not yet have a government-issued license from Indian authorities.

Indian residents can register and trade on the platform, just as users from other countries can, provided they successfully complete the verification process. To open an account, users are required to submit personal details, as well as identification documents, for authentication.

If you are wondering whether Quotex is safe, particularly in India, the platform does implement strong security measures. The website is secured with an SSL certificate, ensuring that all entered data is encrypted. Additionally, two-factor authentication (2FA) is available to provide additional protection for user accounts.

For those questioning whether Quotex is considered legal or, on the contrary, illegal in India, the platform remains legally accessible. However, traders should be aware that it operates under international regulation rather than a license issued by the Indian government.

Is Quotex an Indian company?

Quotex is the brand name of ON SPOT LLC GROUP, a company based in St. Kitts and Nevis. Quotex traders are distributed across the globe. They have customers in over 20 countries, including India. Most of its traders come from India, Turkey, the United States, Australia, and the United Kingdom. They are also open to traders from other countries.

Is Quotex registered in India?

QUOTEX operates legally under international regulations. While it is not regulated by the Indian government, it is still considered safe for Indian traders and is recognized as one of the best brokers available.

The platform has a strong reputation and is known for providing excellent customer service. However, for those wondering whether Quotex is, in any way, SEBI registered, the answer is no. Since it is an international broker, Quotex is not under the regulatory framework of SEBI in India. Despite this, Indian traders can still use the platform securely, as it follows strict security measures and offers reliable trading services.

QUOTEX India - Fees

QUOTEX does not charge fees on deposits or withdrawals. However, you might incur fees on various payment systems and currency transactions. The broker also doesn't charge its traders commissions for any trades they execute.

Regarding key markets, Quotex offers a wide range of financial instruments that can be traded on the site. These include currencies, commodities, and stocks from around the world. You can trade with different currency pairs, including USD, EUR, GBP, BRL, and more.

Quotex India - Deposit and withdrawal

Indian traders can deposit funds easily using various options available on Quotex. The minimum deposit required on Quotex for traders in India depends on the selected payment method. Bank transfers require at least $6, credit or debit cards need $3, and UPI (Unified Payments Interface) allows deposits starting from $1.20. All deposit transactions are free from additional charges, ensuring traders receive the full amount. The deposit methods available on Quotex for users in India include bank transfers, credit or debit cards, UPI, e-wallets, and cryptocurrencies.

For withdrawals, traders can use bank transfers, credit or debit cards, and e-wallets like Skrill and Neteller. The minimum withdrawal amount on Quotex for traders in India is $12 for bank transfers, $6 for credit or debit cards, and $2.40 for e-wallets. The platform does not charge withdrawal fees, but processing times can take between one and five business days depending on the method used. The withdrawal methods on Quotex for users in India offer flexibility, allowing traders to choose the most convenient option.

There is no strict limit on the maximum withdrawal allowed on Quotex for Indian traders, but larger withdrawals may require additional identity verification to meet security and compliance requirements. To avoid delays, traders should ensure their accounts are fully verified before requesting a withdrawal.

How do you make a deposit in India? – Payment methods

Quotex makes it simple for Indian traders to fund and manage their accounts using a variety of payment options. Whether you're using a bank transfer, card payment, cryptocurrency, or an e-wallet, adding money in Indian Rupees (INR) is quick and convenient. What makes it even better is that Quotex's minimum deposit in INR is set at a level that's budget-friendly, allowing both newcomers and seasoned traders to get started without financial strain.

When it comes to accessing your profits, the withdrawal process is just as straightforward. Quotex supports the same payment methods for cashing out, so users enjoy both consistency and ease. With Quotex's minimum withdrawal in INR kept low, traders don’t have to worry about large thresholds or long waits. It’s a practical system designed to let you move your money when you need it, without hidden charges or complications.

Customer support

Quotex offers 24/7 customer support to assist traders in India with any inquiries or issues they may face. While there is no dedicated customer care number specifically for Quotex traders in India, users can reach out through various other channels. For email support, the official support email provided by Quotex for traders in India is support@quotex.io.

Alongside email support, Quotex is active on platforms like Telegram, Facebook, Instagram, and Twitter. These social media channels offer regular updates and an informal way for traders to reach out for help. However, for detailed or official queries, it's best to use their email support system.

For additional help, traders can use the "Contacts" form available on the main page of the Quotex website. This form allows users to submit specific queries directly to the support team. While there is no official phone number designated as the Quotex support contact for India, the available channels ensure prompt and efficient assistance for all users.

Trading on Quotex India

Quotex trading, as available for users in India, provides a user-friendly platform for both beginners and experienced traders to engage in binary options and digital asset trading. The platform grants access to a wide selection of financial instruments, including Forex, commodities, and indices, allowing traders to diversify their portfolios effectively. With its intuitive interface and advanced charting tools, the experience of trading on Quotex within India ensures that users can make informed decisions and execute trades efficiently.

For those asking, "Can I trade in Quotex while residing in India?", the answer is yes. Quotex is accessible to Indian traders and offers a seamless experience through both web and mobile applications. The platform supports multiple payment methods that cater to Indian users, including bank transfers, credit or debit cards, and popular e-wallets, making deposits and withdrawals simple. Additionally, Quotex features a demo account that allows traders to practice and refine their strategies without financial risk before engaging in live trading.

It is important to note that while Quotex is an option for trading in India, it operates under international regulations and is not registered with the Securities and Exchange Board of India (SEBI). Traders should conduct thorough research and fully understand the risks involved before participating in any trading activities. Using the educational resources and demo account provided by Quotex can help traders build a strong foundation and improve their trading skills.

Look beyond bonuses and focus on withdrawal policies

Anastasiia Chabaniuk Educational Content Editor

From my experience analyzing trading platforms, one common mistake traders make is getting attracted to high deposit bonuses without checking the withdrawal policies. Many platforms, including Quotex, offer bonuses that cannot be withdrawn. This means that while a bonus can increase your trading balance, you won’t be able to cash it out directly. Instead of focusing on bonuses, I recommend looking at how easily you can withdraw your actual profits and what verification steps are required. A good broker should have transparent withdrawal terms and a straightforward process.

Another aspect often overlooked is the speed and cost of withdrawals. While Quotex does not charge fees on withdrawals, some payment providers might. Always check for any hidden costs associated with bank transfers, e-wallets, or cryptocurrency withdrawals. Additionally, if a platform takes longer than expected to process your funds, it could indicate liquidity issues or unnecessary bureaucratic delays. I always advise traders to start with a small withdrawal to test the process before making larger transactions.

While Quotex is accessible to Indian traders, remember that binary options trading carries significant risks. Many beginners enter the market without a proper strategy, leading to losses. Before trading real money, take advantage of demo accounts, back-test your strategies, and never invest more than you’re willing to lose. A well-informed trader is always better positioned to navigate the uncertainties of online trading.

Conclusion

Quotex has established itself as a reliable and user-friendly trading platform for Indian traders, offering a seamless experience with digital options trading. With its intuitive interface, competitive payouts, and a wide range of assets, it caters to both beginners and experienced traders. The availability of multiple payment methods, including UPI and local banking options, makes it accessible to Indian users.

However, traders should always be aware of the risks associated with online trading and ensure they understand the platform’s terms and conditions before investing. Overall, Quotex India presents a promising option for those looking for a secure and efficient trading environment with flexible deposit and withdrawal options.

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Team that worked on the article

Alamin Morshed

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Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses that want to improve their Google search rankings to compete with their competition.

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Andreas Kristo

Author at Traders Union

Andreas Kristo Saragih is a seasoned equity research analyst with over a decade of experience across both buy-side and sell-side roles, focused on the Indonesian capital market. He has extensive sector coverage, including banking, consumer goods, retail, real estate, healthcare, transportation, poultry, cement, pharmaceuticals, construction, and infrastructure.

Chinmay Soni

Head of Fact-Checking Department

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data.