Quotex Regulation and Licence Status 2026

Quotex is not regulated by any government financial authority. The platform is operated by ON SPOT GROUP LLC, a company registered in Saint Kitts and Nevis. It holds no licence from the FCA, CySEC, ASIC, or Bangladesh's BSEC. The IFMRRC certificate Quotex has referenced is from a private industry body — it carries no legal enforcement weight of a national regulator.

Regulatory Status at a Glance

Who Is ON SPOT GROUP LLC?

Quotex's legal operator is ON SPOT GROUP LLC, a company incorporated in Saint Kitts and Nevis — a Caribbean island nation commonly used for offshore financial company registration. Saint Kitts and Nevis has financial regulatory bodies (including the Nevis Financial Services Regulatory Commission), but these do not specifically license or supervise online binary options or fixed-time contract platforms for retail traders.

Offshore incorporation in this jurisdiction means Quotex is not subject to the strict capital requirements, client fund segregation rules, or investor compensation mandates that licensed brokers in the EU, UK, or Australia must comply with.

What Is IFMRRC?

Quotex has referenced membership in IFMRRC (International Financial Market Relations Regulation Center). Here is what IFMRRC is and is not:

What IFMRRC is: A private industry certification body. It was established by a group of binary options brokers and positions itself as a self-regulatory organisation. Membership involves agreeing to a code of conduct and paying membership fees.

What IFMRRC is not: A government regulator. IFMRRC is not recognised by IOSCO (International Organization of Securities Commissions), the global standard-setter for financial market regulators. It has no legal authority to compel brokers to return funds, freeze accounts, or enforce compliance the way an FCA or CySEC licence holder must comply.

Additionally, reports from financial regulatory tracking sources indicate that the IFMRRC licence associated with Awesomo Limited (a connected entity) expired in 2021. The current regulatory standing of Quotex under IFMRRC is not clearly documented in publicly available sources.

The bottom line: IFMRRC membership does not provide the same protection as a licence from a tier-one regulator. It is a private certification, not government oversight.

How This Compares to Licensed Brokers

Brokers regulated by bodies like the FCA (UK), CySEC (Cyprus), or ASIC (Australia) must meet requirements that Quotex does not:

For Bangladeshi traders, neither FCA nor CySEC rules would apply directly even to a licensed broker — those schemes cover residents of their own jurisdictions. The relevant point is that no equivalent protection exists for you as a Bangladeshi user of Quotex.

What This Means for Bangladeshi Users

Bangladesh's own securities regulator is the Bangladesh Securities and Exchange Commission (BSEC). BSEC's mandate covers securities listed on Bangladeshi exchanges and entities operating within Bangladesh's formal financial system. BSEC does not regulate offshore online trading platforms, and no licence category currently exists within BSEC's framework that would cover fixed-time options or binary contracts.

This means:

• Quotex does not have, and cannot obtain, a BSEC licence for this product type under current Bangladeshi regulations.
• If you have a dispute with Quotex, BSEC has no jurisdiction to intervene on your behalf.
• Bangladesh Bank restricts foreign remittances for trading purposes. The P2P exchanger and crypto routes most Bangladeshi users rely on for deposits sit outside the formal banking system — an additional layer of regulatory risk.

External references: - BSEC — Bangladesh Securities and Exchange Commission - Bangladesh Bank — Foreign Exchange Rules

Practical Risk Assessment

The absence of regulation does not mean Quotex does not pay withdrawals — based on publicly available user reports, it does process withdrawals under normal conditions. The risk is structural:

• No regulator can compel Quotex to return your funds in a dispute.
• No investor compensation scheme covers your balance if the platform closes.
• The company is registered offshore, making legal recourse from Bangladesh practically very difficult.
• The deposit methods available to Bangladeshi traders (P2P exchanger, crypto) operate outside formal banking protections.

These are material risks. Anyone depositing funds on Quotex should factor them into their decision.

Related Pages

For a fuller picture of Quotex's standing for Bangladeshi traders:

• Is Quotex Safe in Bangladesh? — day-to-day risk versus structural risk
• Is Quotex Legal in Bangladesh? — the grey-area explained
• Quotex Review Bangladesh 2026 — full platform assessment
• Quotex Bangladesh Hub — all guides in one place