Is Quotex legal in India or not? | The Truth for Indians


Yes, Quotex legal in India is legally accessible in India, allowing traders to explore various financial markets and assets. While it holds IFMRRC regulations, it is important to note that it does not possess an Indian government license due to its recent entry into the market. 

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(Risk warning: Trading involves risks)

Is Quotex legal in India or not?

Quotex accepts clients from India and worldwide, provided they complete the necessary verification process. To ensure user security, Quotex employs SSL encryption on its website and offers two-factor authentication for account access, emphasizing the safety of user information and accounts.

The background of financial regulation in India explained:

India’s financial landscape is regulated by several authorities, including the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). These organizations oversee a broad spectrum of financial activities within the country. Given this regulatory environment, it is essential to understand the legal standing of offshore trading platforms like Quotex in India.

Financial regulator SEBI in India

Note: Quotex is not SEBI registered!

Quotex is an offshore binary options trading platform, meaning it operates outside the jurisdiction of Indian financial regulators and is not directly regulated by SEBI. While it is not illegal for Indian residents to use offshore trading platforms, there are unique aspects and risks associated with such platforms.

➨ Start trading on Quotex in India for free now!

(Risk warning: Trading involves risks)

What are the offers of Quotex in India?

Quotex in India provides several attractive offers for traders:

Binary Options Trading Platform

Quotex provides a binary options trading platform, allowing traders to make predictions on the price fluctuations of multiple assets such as commodities, currency pairings, equities, cryptos, and indexes. 

Multiple account types

quotex account levels

Quotex in India offers 3 types of trading accounts for Indian users: Standard, Pro, and VIP. The above accounts provide some outstanding trading capabilities. The VIP account comes with additional bonuses such as bigger payouts and a quicker withdrawal process. 

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(Risk warning: Trading involves risks)

Diverse Asset Selection

quotex assets

Traders have access to a diverse choice of assets, allowing them to add variety to their portfolios and explore other market areas. Quotex is a trading platform that offers a wide range of binary options assets (over 400), like currency pairings, cryptos, indexes, and commodities. 

Quotex allows you to trade options on stocks (businesses), currency, commodities, and some indexes such as the NSE, BSE, S&P 500, and NASDAQ.

User-Friendly Interface

The platform has a simple-to-use layout, which makes it appropriate for both novice and expert traders. It provides a simple trading experience.

Demo Accounts

Quotex demo account

Quotex provides demo accounts, which allow traders to test their trading techniques without investing actual cash. This function is useful for people who want to practice before trading with actual funds.

Educational Resources

Quotex offers educational materials like videos and webinars to help traders improve their trading abilities and expertise.

24/7 Trading

Quotex operates around the clock, allowing users to trade at their convenience, regardless of the time zone they are in.

➨ Start trading on Quotex in India for free now!

(Risk warning: Trading involves risks)

Mobile App

Quotex provides an Android-based trading app alongside the desktop application.

The mobile application is fast, responsive, and easy to use. It has all of the features of the website’s version, including the ability to discover markets and place transactions.

Charting tools & indicators

quotex review
Tools and indicators are available

Quotex’s charting capabilities comprise Japanese Candle Sticks, Heiken-Ashi candles, Bars, Graphs, and Area charts, as well as indicators and sketching tools.  

The few indicators provided are Keltner Channel, Bollinger Bands, Stochastic, Awesome Oscillators, MACDs, Moving Averages, and Oscillators.

Among the drawing tools are the popular Fibonacci Retracement, Price Range, Cross Line, Rectangle, and others. The chart can be personalized by altering the colors of the background information, candles, and the graph itself.

These offers make Quotex a compelling option for traders in India, offering a diverse range of assets and tools to support their trading endeavors.

➨ Start trading on Quotex in India for free now!

(Risk warning: Trading involves risks)

How to deposit in India on Quotex

Deposit on Quotex in India

Indian users can use bank transfers, e-wallets like Skrill, and cryptocurrency. To deposit funds into your Quotex account, just click the +Deposit icon in the upper right corner of the online trading platform.

Once you tap this, you will be directed to a page where you can choose the desired payment method. Choose your preferred method and enter the sum that you want to deposit. Fill out and submit the deposit application. Note that if you intend to deposit a large sum of money, Quotex might demand more details.

The following deposit methods are available:

  • Visa / MasterCard / Debit Cards
  • RuPay
  • Bitcoin, Bitcoin Cash, Litecoin, Dai, Binance Coin, USD Tether, Ethereum, Paxos Standart
  • Globepay
  • PayTM
  • Airtel Money
  • Ola
  • PhonePe
  • UPI
  • Mobikwik
  • Reliance Jio
  • Freecharge
  • Perfect Money
➨ Start trading on Quotex in India for free now!

(Risk warning: Trading involves risks)

  • Electronic Wallets

Users can fund their accounts using popular e-wallets such as Skrill, Neteller, Phonepe, Paytm, Freecharge, Ola, Mobikwik, Airtel Money, and other similar payment platforms. These methods are often convenient and offer a degree of security.

  • Cryptocurrency

Quotex also accepts cryptocurrency deposits. Bitcoin, USDT, LTC, Dai, XRP and more. This option adds an extra layer of privacy and security for Indian traders.

  • International Credit/Debit Cards

While the acceptance of international credit or debit cards may vary, some offshore platforms may allow these cards for deposits. The specific card types that are accepted in India for deposit are MasterCard, Rupay, and VISA.

  • Bank Transfers

Indian users can deposit money through bank or wire transfer methods like NEFT, RTGS, and IMPS for depositing funds into their trading accounts in Quotex.

How to withdraw money in India from Quotex

Withdrawing funds from Quotex in India typically follows the same methods used for deposits. As you would while depositing funds, tap the Withdrawal button next to the +Deposit icon. Enter the amount to be withdrawn and submit your withdrawal application.

Click here to make a withdrawal on Quotex
Click here to make a withdrawal on Quotex in India

Note: Users should take note of the available withdrawal options on the platform, along with their associated fees and processing times.

➨ Start trading on Quotex in India for free now!

(Risk warning: Trading involves risks)

How to trade Binary Options on Quotex in India:

Trading Binary Options in India on Quotex involves several steps:

#1 Registration and login

Begin by signing up for a Quotex account. You will be required to provide your personal details and complete the verification process, which may include providing identity documents. Next login to your account using the login credentials.

Quotex sign up
Sign up and login in India

#2 Deposit Funds

Once your account is set up, you can fund it by choosing one of the available deposit methods.

➨ Start trading on Quotex in India for free now!

(Risk warning: Trading involves risks)

#3 Asset Selection

Select the asset you wish to trade and choose the expiration time for your trade.

#4 Make a Prediction

Decide whether the asset’s price will go up (call) or down (put), and enter your trade accordingly.

#5 Monitor and Manage

quotex trade
Trading on Quotex

Use the platform’s capabilities to keep a careful check on the status of your trade. To manage your risk, you can use stop losses and take-profit trades.

#6 Profit Withdrawal

If your transaction is profitable, you can withdraw your earnings using the procedures described above.

Conclusion: Quotex is legal in India

Quotex operates as an legal offshore binary options trading platform and is not subject to specific Indian regulations. However, traders should be aware of the potential risks associated with offshore trading platforms, including the lack of regulatory oversight. It is essential to conduct thorough research, invest only what you can afford to lose, and use reliable payment methods for deposits and withdrawals.

➨ Start trading on Quotex in India for free now!

(Risk warning: Trading involves risks)

Most asked questions:

Is Quotex banned in India?

No, Quotex is not banned in India. You can legally use Quotex in India, and it provides traders with a dependable and safe platform to access numerous financial markets. While SEBI does not govern it, it has a genuine global license from the IFMRRC, which provides dependability and security.

How can you log into Quotex in India?

To log into Quotex in India, follow the registration process on the platform’s official website and use your login credentials, like your username or email ID and password, to access your account.

What is the minimum deposit in India?

A minimum investment of $10 is required to begin trading on Quotex. It is crucial to remember, however, that the minimum amount necessary can differ based on your location and payment type.

About the author

Marc Van Sittert
Marc Van Sittert is an experienced Binary Options Trader and coach who is originally from South Africa. He started his career in 2014 by trading old-school Binary Options online. His main focus is on short-term contracts with 60-second trades.

Write a comment

  • Sohit Choudhary

    says:

    My account has been closed by mistake, I want to open my account back to process a refund my money

  • Harsh Tripathi

    says:

    Every day is a new day for QUOTEX traders. Just because you’ve been winning trades for the past few days doesn’t mean that your next trades will also be winners.But in quotex it is possible .The winning % is 99%.

    The result of your past trades, whether they were winning or losing ones, should’nt matter.Quotex is very easy for beginners also.
    It is best trading platform