The largest binary options platform by traffic, and the least supervised of the group. Headline payouts are the highest in the sector, which is the compensation for an unlicensed counterparty. Roughly three quarters of its business comes from India, where the product is prohibited.
Which entity would hold your money
This is the part that decides what happens if a withdrawal is refused, and the part most reviews skip.
| Entity | Regulator | Licence |
|---|---|---|
| Awesomo Ltd | none | — |
Binary options are booked on: Awesomo Ltd — unregulated.
How it scores
| Criterion | Weight | Score |
|---|---|---|
| Licensing and legal entity | 35% | 2/10 |
| Withdrawal record | 25% | 5/10 |
| Regulator actions | 20% | 5/10 |
| Cost and payout structure | 10% | 9/10 |
| Platform and support | 10% | 7/10 |
| Weighted total | 4.6 |
What works
- Highest advertised payouts
- Low minimum deposit
- Fast onboarding
What does not
- No financial licence anywhere
- No compensation scheme and no supervisor to escalate to
- Heavy dependence on markets where the product is banned
Where it accepts clients
This is a plain link and earns us nothing. We include providers we have no commercial relationship with, because a ranking that only listed our partners would not be a ranking.
Frequently asked questions
Is Quotex regulated?
No. Quotex holds no financial licence in any jurisdiction, which means no compensation scheme and no supervisor to escalate a complaint to.
How is the rating calculated?
Five weighted criteria, published in full at how we rate. Licensing carries 35% because on an unsupervised counterparty everything else is contingent. The score is derived from the sub-scores, not assigned.
Where does Quotex accept clients?
Among the markets we cover: South Africa, Philippines, Kenya, Nigeria, Thailand, México, Perú. It does not accept clients in the EEA, the UK, the United States, Canada or Australia, where the product is prohibited for retail clients.
What should I check before depositing?
Verify the licence in the regulator’s own register rather than on the broker’s site, identify the legal entity named on the client agreement, and confirm the withdrawal method and processing time in writing.
Risk warning: binary options are high-risk speculative instruments and most retail accounts lose money. Nothing here is investment advice.