Quotex Review Bangladesh 2026: Is It Worth Using?
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Summary
| Platform | Quotex (qxbroker.com) |
| Operated by | ON SPOT LLC GROUP, Saint Kitts and Nevis |
| Minimum deposit | $10 (approx. 1,100 BDT) |
| Minimum trade | $1 |
| Demo account | $10,000 virtual funds, no time limit |
| Bangladesh deposit methods | bKash (P2P), Nagad (P2P), USDT (TRC-20) |
| Withdrawal time | 1–5 business days (varies by method) |
| BSEC regulated? | No |
| IFMRRC member | Yes (private body, not a government regulator) |
| Our verdict | Functional platform for exploring fixed-time trading; significant regulatory risk — no BSEC oversight, no local investor protection |
What Is Quotex?
Quotex is an online platform for trading fixed-time contracts — instruments where you forecast whether an asset's price will be higher or lower after a set time period. It was founded in 2019 and has accumulated a large user base in South and Southeast Asia, with Bangladesh consistently ranking as one of its top markets.
The platform is operated by ON SPOT LLC GROUP, a company registered in Saint Kitts and Nevis. Quotex is not regulated by any major financial authority (FCA, CySEC, ASIC, or BSEC). The company references IFMRRC membership, but this is a private certification body, not a government regulatory body.
Key Features of the Platform
Trading instruments. Quotex offers fixed-time contracts on forex pairs, commodity prices, stock indices, individual stocks, and cryptocurrencies. Traders select a direction, a stake amount (from $1), and an expiry period. Payouts on correct forecasts are displayed before entering each contract — typically in the range of 60–95%, depending on the asset and market conditions.
Platform technology. The platform runs on Quadcode and is accessible through a web browser at qxbroker.com or via the Android APK. The interface is clean, loads quickly even on slower connections, and does not require any software installation for web use.
Charting tools. The platform includes basic charting with multiple indicator options (RSI, Bollinger Bands, moving averages, and others). The chart display is adequate for the platform's use case, though it is less feature-rich than dedicated charting tools.
No trading fees. Quotex does not charge per-trade commissions or deposit/withdrawal fees on its side. Currency conversion costs and exchanger margins apply when using bKash or Nagad routes — those costs sit with the exchanger, not with Quotex directly.
Account Types and Demo
Quotex operates a single account structure. All registered users start with access to both a demo account and the ability to fund a real account.
Demo account. The demo loads automatically after registration. It provides $10,000 in virtual funds with access to all platform assets and features. The balance resets on request and does not expire. Demo funds cannot be withdrawn — they exist solely for exploring the platform.
Real account. Funded with a minimum of $10. The minimum trade size is $1. No document verification is required to open or fund a basic account, though identity verification may be requested before processing withdrawals.
See our demo account guide for instructions on accessing and using it.
Deposit and Withdrawal in Bangladesh
This is where Quotex's Bangladesh experience differs most from mainstream brokers. Because Quotex has no direct bKash or Nagad integration, local traders use P2P exchangers — third parties who accept BDT via mobile money and credit the equivalent in USD to your Quotex account.
Deposit process (simplified): 1. Find a P2P exchanger that supports bKash or Nagad to Quotex deposits. 2. Transfer BDT to the exchanger's bKash or Nagad number. 3. The exchanger confirms and sends the USD amount to your Quotex account.
Cryptocurrency alternative: Buy USDT (TRC-20) on Binance P2P using bKash or Nagad, then transfer to your Quotex deposit address. This is direct and avoids third-party exchanger dependency. Total cost is typically 1–2% in exchange spread.
Withdrawal times: Quotex states withdrawals are processed within 1–5 business days from their side. Crypto and e-wallet routes are usually faster than bank card routes.
Minimum deposit: $10 (approximately 1,100 BDT). The minimum withdrawal amount varies by method — check current limits in your account.
Full step-by-step instructions: bKash deposit guide | Deposit and withdrawal hub
Minimum Deposit and Fees
The $10 minimum deposit is low relative to most platforms of this type. There are no fees from Quotex on deposits or withdrawals. However:
- P2P exchangers charge a spread or fee for currency conversion. This varies by exchanger.
- USDT purchases on Binance P2P carry a spread, typically 1–2%.
- Exchange rate fluctuations between BDT and USD affect the actual amount credited.
The net cost of a bKash deposit varies by the exchanger used. There is no fixed fee disclosed by Quotex for this route.
Platform Usability
Web. The web platform at qxbroker.com is the most stable option for Bangladeshi users. It works in any modern browser and performs well on mobile data connections.
Android app. Available as an APK download directly from qxbroker.com. It is not on the Google Play Store, which means your device may prompt a security warning during installation — this is standard for side-loaded apps. The app itself mirrors the web platform.
iOS. Availability on the App Store varies by region. The web platform is the more consistent option for iPhone users.
Regulatory Status in Bangladesh
Quotex is not licensed by the Bangladesh Securities and Exchange Commission (BSEC) and is not registered with Bangladesh Bank. The platform operates under offshore registration in Saint Kitts and Nevis with no formal regulatory oversight from any Bangladeshi authority.
Bangladesh Bank restricts foreign remittances for trading purposes. The method most traders use (bKash P2P exchanger or USDT route) bypasses the standard banking system, placing these transactions in a regulatory grey area.
What this means practically:
- No BSEC investor protection or compensation scheme applies.
- In the event of a dispute with the platform, there is no local regulatory body to escalate to.
- The exchanger route for deposits and withdrawals carries counterparty risk beyond Quotex itself.
Read the full analysis: Is Quotex Safe in Bangladesh?
External reference: BSEC — Bangladesh Securities and Exchange Commission | Bangladesh Bank
Pros and Cons
Pros - Low minimum deposit ($10) and minimum trade ($1) - Free, resettable demo account with no time limit - Fast web platform that works on low-bandwidth connections - Bangladeshi traders can deposit and withdraw via bKash/Nagad routes - No per-trade commissions or platform fees
Cons - Not regulated by BSEC or any major financial authority - No direct bKash or Nagad integration — P2P exchanger route adds complexity and counterparty risk - No local investor protection or dispute mechanism - Fixed-time contracts carry high inherent financial risk - Android app requires side-loading (not on Google Play Store)
Methodology: How We Assessed Quotex
Our assessment of Quotex for this review was based on the following:
- Platform testing. We accessed the web platform and evaluated the interface, asset selection, chart tools, and demo account functionality directly.
- Deposit and withdrawal research. We reviewed the official Quotex blog guides for bKash P2P deposits, cross-checked with user reports, and verified current minimum deposit and trade figures from official Quotex documentation.
- Regulatory research. We checked BSEC's public register, Bangladesh Bank's guidance on foreign remittances, and Quotex's terms of service and legal entity disclosures.
- Fact verification. Key figures (minimum deposit, demo balance, withdrawal timeframes) were cross-checked against multiple sources including the official qxbroker.com FAQ.
This review represents the information available as of July 2026. Platform conditions, payment methods, and regulatory status can change — always verify current terms at qxbroker.com before depositing.
Try Quotex with a free demo account
Start with $10,000 in virtual funds. No deposit needed to explore the platform.
Open free demo accountTrading involves a high risk of losing your capital. Only use funds you can afford to lose.
Frequently Asked Questions
What is the minimum deposit on Quotex in Bangladesh?
The minimum deposit is $10 — approximately 1,100 BDT at current exchange rates, though this varies with the BDT/USD rate at the time of transfer.
Is Quotex regulated in Bangladesh?
No. Quotex is not licensed by BSEC and is not overseen by Bangladesh Bank. It is an offshore platform registered in Saint Kitts and Nevis. See our Is Quotex Safe? page for a full breakdown.
Can I deposit on Quotex using bKash?
Yes, but not directly. You need to use a P2P exchanger: transfer BDT via bKash to the exchanger, who then credits your Quotex account in USD. Alternatively, buy USDT on Binance P2P with bKash and deposit directly as crypto.
How long does a Quotex withdrawal take?
Quotex typically processes withdrawals within 1–5 business days. Crypto withdrawals are usually faster (often within hours on business days). The total time also depends on how quickly the exchanger or payment provider on the receiving end processes the transfer.
How does the Quotex demo account work?
After registering, you automatically get a demo account with $10,000 in virtual funds. You can use all platform features, reset the balance at any time, and practise without depositing real money. The demo has no time limit.
Does Quotex charge fees?
Quotex does not charge fees for deposits or withdrawals on its side. Costs come from the exchanger margin or crypto exchange spread when converting BDT to USD.
What happens if my forecast is wrong on Quotex?
On a fixed-time contract, if your direction forecast is incorrect at expiry, the amount you staked on that contract is not returned. This is the core financial risk of this instrument type.
Last updated: 1 July 2026. BrokerGrove — independent reviews for Bangladeshi traders. Published by BrokerGrove Editorial Team (Organization). This is an unofficial website not affiliated with Quotex.
Last updated: . BrokerGrove — independent reviews for Bangladeshi traders. Published by BrokerGrove Editorial Team. This is an unofficial website not affiliated with Quotex.