Quotex Bangladesh - Is It A Good Broker In 2026?

Binary options trading has experienced exponential growth worldwide, and Bangladesh is no exception. As many brokers enter the market, one platform that has stood out is Quotex. Established in 2019, Quotex has positioned itself as a binary options trading platform with clients globally trading in currencies, metals, oil, cryptocurrencies, and stock indices. This platform boasts a profit return of up to 90%, a feature that has sparked interest among traders in Bangladesh.

Key points from the article

• The platform offers a user-friendly web and mobile trading interface. Account types include demo and live accounts with currencies like USD, EUR, GBP etc.

• Deposits and withdrawals can be made via credit/debit cards, e-wallets, cryptocurrencies with a minimum deposit of $10. Trading instruments include currency pairs, commodities, cryptocurrencies, indices.

• The platform provides trading signals, 29 technical indicators and a Telegram channel for updates. However, educational resources are limited.

• Quotex is registered in St. Kitts and Nevis which has no investor compensation laws. Some regulators have issued warnings about the broker.

• Trading via Quotex is free of commission or deposit/withdrawal fees but banks may charge transfer fees. Leveraged trading and shares are not offered.

Quotex Bangladesh - general information

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Quotex offers a unique trading experience through its proprietary web and mobile applications. It presents its clients with different account types, including Demo and Live accounts, allowing traders to trade in currencies like USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, and VND.

The platform is user-friendly and straightforward, ensuring even the least tech-savvy users can easily navigate it. You can replenish or withdraw funds through various methods, such as Visa/Mastercard, Perfect Money, Piastrix, FK Wallet, and numerous cryptocurrencies like Bitcoin Cash, BTC, LTC, ETH, Coinbase, Dai, Binance Coin, and Paxos Standard. The minimum deposit and order values are extremely affordable, pegged at $10 and $1, respectively.

The tradable instruments are impressive, featuring currency pairs, commodities, cryptocurrencies, and indices. The platform, available on mobile for traders on the go, also includes an affiliate program. However, it's important to note that leveraged trading and shares are unavailable. On a positive note, the platform offers deposit bonuses, risk-free trades, and promo codes, enhancing trading experiences.

Quotex is not a Bangladeshi company, but ON SPOT LLC GROUP, based in Seychelles, owns it. While it is registered in Bangladesh and considered safe to trade, potential clients should note that Quotex is registered in St. Kitts and Nevis, an offshore tax haven. Hence, there's no guarantee of compensation if the broker becomes insolvent.

Quotex real market open time in Bangladesh

Understanding market hours is crucial for traders using the Quotex platform in Bangladesh, as the availability of assets can vary depending on their underlying markets.

Forex Market Hours

Forex markets operate globally round-the-clock on weekdays, divided into the Sydney, Tokyo, London, and New York sessions. For Bangladesh Time (BST), typical Forex trading hours are:

• Sydney session: 3:00-12:00 BST.

• Tokyo session: 6:00-15:00 BST.

• London session: 13:00-22:00 BST.

• New York session: 18:00-3:00 BST.

Forex sessions in Bangladesh. Chart by BabyPips

Cryptocurrency Trading Hours

Cryptocurrencies like Bitcoin and Ethereum have continuous trading around the clock, including weekends, allowing opportunities at any time.

Commodities and Indices Trading Hours

Commodities and indices on Quotex depend on their respective market hours. For example, as the New York Stock Exchange (NYSE) operates from 19:30-2:00 BST, US indices and commodities are only available during that period.

Quotex Bangladesh pros and cons

Logging into Quotex in Bangladesh is a seamless process, with an intuitive interface that allows traders to access their accounts effortlessly via the web platform or mobile app, ensuring convenience and accessibility. The Quotex platform available in Bangladesh offers a dedicated portal, where users can login with speed, security, and full access.

Quotex Bangladesh review

Quotex is an intriguing broker option for Bangladeshi traders, primarily due to the wide range of trading instruments, the user-friendly platform, and efficient customer service. With over 40 trading instruments and a maximum payout of 90%, traders can explore extensive opportunities.

The platform's versatility has also drawn attention, with its web platform operating smoothly on any device, including tablets and mobiles, without necessitating any software installations. The Quotex mobile application, available for Android devices, has seen over 500,000 downloads, reaffirming the platform's credibility.

Traders will appreciate Quotex services, such as the Telegram channel providing the latest news, market reviews, and forecasts. Real-time trading signals directly on the platform and 29 trading indicators help users make informed trading decisions. Additionally, the Market section in the Personal Account offers all available free and paid promo codes.

However, the broker falls short when it comes to educational resources. New traders may find the lack of articles and video tutorials a setback, as they are crucial for understanding binary options trading. The FAQ section offers some insights, but a more comprehensive educational platform would be beneficial.

The rise of Quotex in Bangladesh has been notable, thanks to its simple interface, low minimum deposit, and diverse payment options, which make it accessible to both beginners and experienced traders. While the platform offers convenience and a variety of tradable assets, its offshore registration remains a key factor for traders to consider before investing. You may also be interested to know: is Pocket Option legal in Bangladesh?

Is Quotex legal in Bangladesh? Is it safe?

Quotex is not a Bangladeshi company, but ON SPOT LLC GROUP, based in Seychelles, owns it. While it is registered in Bangladesh and considered safe to trade, potential clients should note that Quotex is registered in St. Kitts and Nevis, an offshore tax haven. Maxbit LLC, the company behind Quotex, does not fall under the supervision of trustworthy regulators. Hence, there's no guarantee of compensation if the broker becomes insolvent.

Despite its registration, financial regulators in Europe, including the CMVM (Portugal), CNMV (Spain), and CONSOB (Italy), have issued warnings about Quotex, stating that it is not authorized to offer financial services or products in these regions. Therefore, traders often ask: is Quotex trading legal in Bangladesh? and the answer is yes, trading with Quotex is legal in Bangladesh. There are no specific restrictions imposed by local authorities on binary options trading. However, since the broker is offshore-registered and lacks oversight from major financial regulators, traders should approach with caution and assess potential risks before investing.

Quotex Bangladesh - fees

Trading with Quotex doesn't incur a commission for executing trades, and there are no deposit or withdrawal fees, an appealing aspect for many traders. However, it's worth noting that banks and payment systems may impose a transfer fee of 1-5%, as the platform warns on its website. Traders should consider these costs when deciding to invest in Quotex.

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

Accessing the deposit window

First, log into your Quotex account. Once logged in, look for the trade execution window on your account dashboard. This window is where you manage all your trading activities, including making deposits into your account. Located in the upper right corner of the tab, you'll find a green button labeled "Deposit”. Clicking on this button will initiate the deposit process. Alternatively, you can deposit your account profile by navigating to it and clicking the "Deposit" button. This flexibility in access points is one of Quotex features designed to make your trading experience as convenient as possible.

Choosing the deposit method

Quotex provides a variety of deposit methods to suit the preferences and needs of its users. After accessing the deposit window, you'll see a selection of depositing options displayed on your screen. After deciding on the deposit method, you must specify it on the Quotex platform. Suppose you choose to use a Visa or MasterCard for your deposit. In that case, you'll select this from a drop-down menu or listed options, depending on the design of the interface. This specification process is the same regardless of your chosen deposit method and is designed to ensure your funds are transferred securely.

Entering the deposit amount and choosing a bonus

Once you have specified your payment method, the next step involves entering the amount you wish to deposit into your account. It's worth noting that the minimum deposit allowed on Quotex is $10. You'll see options for choosing a bonus as you enter the deposit amount. These bonuses, designed to reward traders, vary, and you can select the one that appeals most to you, if any. After this, you click on "Deposit" to proceed to the next step.

Providing payment details and finalizing the deposit.

After entering the deposit amount and choosing your bonus, you'll receive a form to fill out your payment details. You must complete this form accurately to prevent any issues or delays with your deposit. Once you've completed and checked the form, click "Pay”. This action finalizes the deposit process, and your entered amount will be deducted from your bank account or digital wallet.

Checking the deposit status

The final step after making your deposit is to check whether the funds have been successfully transferred to your Quotex account. Log into your account and check your balance. Quotex processes deposits quickly; in most cases, the funds should appear in your account within a few minutes of completing the deposit process.

Quotex Bangladesh provides an accessible trading platform for local users. However, it is important to understand that the broker is offshore-registered and not regulated by any recognized financial authority. As always, due diligence and thorough research are essential when dealing with online platforms. When it comes to Quotex and its trading environment in Bangladesh, traders should assess both the potential opportunities and the associated risks before investing any funds.

Traders may want to seek out regulated brokers

Anastasiia Chabaniuk Educational Content Editor

The growing interest in Quotex trading in Bangladesh reflects the platform’s simplicity, low entry barriers, and access to diverse assets, making it a preferred choice for those exploring binary options trading without high financial commitments.

Quotex provides a largely convenient trading platform for Bangladeshi investors looking to dip their toes into binary options. The low minimum deposits, a wide selection of markets and instruments, and lack of commissions make it an affordable entry point. That said, its offshore registration means there is no regulatory oversight or investor protection. As with any broker, traders will need to proceed with caution and conduct thorough research before trusting their funds. Ultimately, binary options carry a high risk of loss, so serious traders may want to seek out regulated brokers under the purview of reputable authorities. For experimentation or small stakes, however, Quotex could offer a suitable gateway. Just be sure to manage position sizes carefully and understand the limitations of trading with an unregulated platform.

Conclusion

Quotex in Bangladesh has emerged as a popular platform for binary options trading due to its ease of access, low minimum deposit, and diverse trading instruments. Many users searching for Quotex in Bangladesh online are drawn to its user-friendly interface and broad asset selection. The broker offers a seamless trading experience through its web and mobile platforms, allowing users to trade in currencies, commodities, and cryptocurrencies without incurring commission fees.

However, since Quotex operates as an offshore entity, questions such as whether Quotex is legal in Bangladesh often arise. Traders should remain cautious about the lack of regulatory oversight and consider the legal ambiguity before opening an account. So while Quotex trading in Bangladesh presents an opportunity for local traders to access global financial markets, it is essential to approach with a well-informed strategy, manage risks effectively, and consider the absence of investor protection before investing.

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Team that worked on the article

Rinat Gismatullin

Author and business expert

Rinat Gismatullin is an entrepreneur and a business expert with 9 years of experience in trading. He focuses on long-term investing, but also uses intraday trading.

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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.

Mirjan Hipolito

Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets.