Broker entity check
Quotex is a brand, not a company. The company you get is chosen by your address. Below: the verdict for all 12 countries in our dataset, the entity behind each, and its regulator — checked on October 22, 2026.
Facts checked on October 22, 2026
Quotex is a binary-options platform regulated by no government regulator anywhere we cover. Indonesia's Bappebti has blocked it by name; binary options are banned for retail clients in the EU and UK and are not legal off-exchange in the US. Its affiliates are paid up to 80% of client losses — a figure from the Spanish-market diligence that explains the marketing pressure.
Advertised minimum deposit: $10 — that is the accepted minimum from the platform's own pages. The viable minimum on your rails is on your country's page; the two numbers are rarely the same story.
| Your country | Verdict | The entity that would hold your account | Its regulator | Home-regulator status |
|---|---|---|---|---|
| Nigeria | Deposit with eyes open — offshore entity | ON SPOT LLC GROUP | registered in St. Kitts and Nevis — no government licence | |
| India | Your regulator warns against this route | ON SPOT LLC GROUP | registered in St. Kitts and Nevis — no government licence | Named on the RBI Alert List |
| Philippines | Deposit with eyes open — offshore entity | ON SPOT LLC GROUP | registered in St. Kitts and Nevis — no government licence | |
| Brazil | Deposit with eyes open — offshore entity | ON SPOT LLC GROUP | registered in St. Kitts and Nevis — no government licence | |
| South Africa | Deposit with eyes open — offshore entity | ON SPOT LLC GROUP | registered in St. Kitts and Nevis — no government licence | |
| Pakistan | Your regulator warns against this route | ON SPOT LLC GROUP | registered in St. Kitts and Nevis — no government licence | Home-regulator position bars or warns against this route |
| Kenya | Deposit with eyes open — offshore entity | ON SPOT LLC GROUP | registered in St. Kitts and Nevis — no government licence | |
| Indonesia | Your regulator warns against this route | ON SPOT LLC GROUP | registered in St. Kitts and Nevis — no government licence | Named on Bappebti's blocked list |
| United States | Not accepted — don't try workarounds | Does not accept residents | — | |
| United Kingdom | Not accepted — don't try workarounds | Does not accept residents | — | |
| European Union (EEA) | Not accepted — don't try workarounds | Does not accept residents | — | |
| Australia | Not accepted — don't try workarounds | Does not accept residents | — |
Run your exact pair through the checker for the five-line verdict with your regulator's status and your rails.
The free check gives you the verdict for one country and one broker. The Deposit Safety Kit gives you the complete walkthroughs: how to verify the entity in the broker's own legal footer, where on your regulator's site the register and the warning lists live, how to read a compensation scheme, and the first-withdrawal test protocol — deposit small, withdraw first, then decide.
Included in the $39 Deposit Safety Kit
Sources: the brokers' own legal and entity pages as published on the check date; the Reserve Bank of India Alert List; the UK Financial Conduct Authority Register and Warning List; the Australian Securities and Investments Commission registers; Bappebti (Indonesia) licensed and blocked lists; CVM (Brazil) declaratory acts; the FSCA (South Africa) FSP register; the Capital Markets Authority (Kenya) licensee list; the Securities and Exchange Commission (Philippines) advisory list; SECP/PMEX (Pakistan) membership; SEC Nigeria and Central Bank of Nigeria publications. Affiliate bounty figures from the programs' own published terms (Exness, XM, Plus500, eToro affiliate pages). If a fact has moved since our check date, the regulator's or broker's own publication wins — and write to help@doogex.com so we can correct ours.