Quotex Review Pakistan 2026: Is It Worth Using?

Summary

What Is Quotex?

Quotex is an online platform for fixed-time contracts: you forecast whether an asset's price will sit above or below its current level once a set expiry passes. Launched in 2019, it has built a sizeable user base across South Asia, and Pakistan is one of its more active markets in the region.

The company behind it, ON SPOT LLC GROUP, is registered in Saint Kitts and Nevis. Quotex holds no licence from the SECP, the FCA, CySEC, or ASIC. It references membership in IFMRRC, a private industry certification body. That's not a government regulator, and it's not a substitute for SECP oversight.

Key Features of the Platform

Trading instruments. Fixed-time contracts on forex pairs, commodities, stock indices, individual stocks, and cryptocurrencies. You pick a direction, a stake starting from $1, and an expiry window. Payout percentages (typically 60–95%) show before you confirm the trade.

Platform technology. Runs on the Quadcode engine, accessible via browser at qxbroker.com or through an Android APK. The web version loads fast even on patchy mobile connections, which matters given how much of Pakistan's trading happens over mobile data rather than fixed broadband.

Charting tools. Basic charting with common indicators: RSI, Bollinger Bands, moving averages. Adequate for the platform's format, not built for deep technical analysis.

No platform-side trading fees. Quotex doesn't charge commissions per trade or fees on deposits and withdrawals. Currency conversion costs and exchanger margins apply on the JazzCash/Easypaisa routes, and those costs sit with the exchanger or the P2P counterparty, not with Quotex.

Account Types and Demo

Quotex runs a single account structure. Every registered user gets both a demo and the ability to fund a real account.

Demo account. Loads automatically after signup. $10,000 in virtual funds, full access to all assets and features, resettable on request, no expiry. Demo funds can't be withdrawn; the point is practice, not payout.

Real account. Minimum funding is $10. Minimum trade size is $1. No document upload is required to open or fund a basic account, though identity verification may be requested before a withdrawal is processed.

Deposit and Withdrawal in Pakistan

Quotex has no direct integration with JazzCash, Easypaisa, or Pakistani bank transfer. Pakistani traders rely on two practical routes:

Route 1: P2P exchanger (JazzCash/Easypaisa to USD to Quotex). You send PKR to an exchanger's JazzCash or Easypaisa account; the exchanger converts it and credits USD to your Quotex balance. Processing time depends entirely on the exchanger. Some confirm within an hour, others take longer.

Route 2: USDT (TRC-20). Buy USDT on Binance P2P using JazzCash or Easypaisa, then send it straight to your Quotex deposit address on the TRC-20 network. This skips the exchanger middleman and typically confirms within 10–30 minutes of the blockchain transaction clearing. Total cost usually runs 1–2% in P2P spread.

Withdrawal times. Quotex states 1–5 business days depending on the method. Crypto and e-wallet routes tend to move faster than card withdrawals.

Minimum deposit. $10, roughly 2,780 PKR at current exchange rates. The PKR figure shifts with the USD/PKR rate on the day you transfer.

Full step-by-step process: How to Deposit in Quotex from Pakistan

Minimum Deposit and Fees

$10 is low relative to most platforms in this category, and Quotex charges nothing on its own side for deposits or withdrawals. What adds to the real cost:

• P2P exchanger spread or margin: varies by exchanger, not fixed or disclosed by Quotex
• Binance P2P spread on USDT purchases: typically 1–2%
• USD/PKR rate movement between the moment you convert and the moment funds land

There's no single published fee figure for the JazzCash or Easypaisa route because it depends entirely on which exchanger or P2P seller you use.

Platform Usability

Web. qxbroker.com works in any modern browser and holds up reasonably well on slower mobile connections, which matters given how much Pakistani trading traffic runs on mobile data rather than home broadband.

Android app. Distributed as an APK directly from qxbroker.com rather than through the Google Play Store. Expect a security prompt during installation. That's standard behaviour for side-loaded apps, not a Quotex-specific issue.

iOS. App Store availability varies by region and account. The web platform is the more consistent option for iPhone users in Pakistan.

Regulatory Status in Pakistan

This is where Quotex's Pakistan situation is more pointed than in most markets it operates in. Quotex is not licensed by the SECP and is not registered with the State Bank of Pakistan (SBP). Beyond the general absence of a licence, the SECP issued a public warning in April 2025 that named Quotex (referring to it by its qxbroker.com domain) directly among unauthorised online trading platforms, and referred the matter to the Federal Investigation Agency (FIA) and Pakistan Telecommunication Authority (PTA) for action, including a request to Google to restrict access.

The SBP separately restricts outward remittances for speculative forex trading purposes under the Foreign Exchange Regulation Act. The JazzCash/Easypaisa P2P route and the USDT route both operate outside the formal banking channel that SBP rules are built around.

What this means practically:

• No SECP investor protection or compensation scheme applies to Quotex accounts.
• A named regulatory warning exists. This is a step beyond generic "unregulated" status.
• The P2P exchanger route carries counterparty risk on top of whatever risk sits with Quotex itself.

Read the full breakdown: Is Quotex Legal in Pakistan?

External references: SECP official warning | State Bank of Pakistan

Pros and Cons

Pros - Low minimum deposit ($10) and minimum trade ($1) - Free, resettable demo account with no time limit - Web platform performs well on mobile data connections - JazzCash/Easypaisa P2P and USDT routes both function in practice for PK traders - No per-trade commissions or platform-side fees

Cons - Not licensed by SECP; not registered with SBP - Named directly in an SECP public warning (April 2025), referred to FIA and PTA - No direct JazzCash/Easypaisa integration: every route adds a third-party dependency - 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 per Quotex's own distribution, though third-party listings exist)

If you've weighed the risks above and still want to explore the platform, you can open a Quotex account and start with the demo before funding anything real.

Methodology: How We Assessed Quotex

1. Platform testing. We accessed the web platform directly and evaluated the interface, asset range, charting tools, and demo account functionality.
2. Deposit and withdrawal research. We reviewed publicly available guides on JazzCash/Easypaisa P2P deposits and USDT TRC-20 deposits, cross-checked minimum deposit and trade figures against Quotex's own documentation.
3. Regulatory research. We checked SECP's public statements naming Quotex, the SBP's Foreign Exchange Manual, and Quotex's own terms of service and legal entity disclosure.
4. Fact verification. Key figures (minimum deposit, demo balance, withdrawal timeframes, USD/PKR rate) were cross-checked against multiple independent sources.

This review reflects information available as of July 2026. Platform terms, payment routes, and regulatory posture can change, so verify current conditions at qxbroker.com and check SECP's website before depositing any funds.