Quotex/Maxbit LLC e a Quotex/Awesomo Ltd

Caution Investors Quotex/Maxbit LLC e a Quotex/Awesomo Ltd – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)

Overview:

Quotex/Maxbit LLC e a Quotex/Awesomo Ltd are two companies that claim to offer online trading and investment services in various markets, such as forex, cryptocurrencies, commodities, and stocks. They operate under the brand name Quotex, which is also the name of their web-based trading platform. However, these companies are not authorized or regulated by any reputable financial authority, and they have been recently warned by the Comissão do Mercado de Valores Mobiliários (CMVM), the Portuguese securities market regulator, for providing investment services without a license in Portugal.

Regulation and Compliance:

The CMVM is the public authority responsible for supervising and regulating the securities and other financial instruments markets, as well as the activity of all those who operate within those markets. The CMVM aims to protect investors, ensure market integrity and transparency, and promote financial stability and innovation. The CMVM is also a member of the European Securities and Markets Authority (ESMA), which is the EU’s securities markets regulator.

According to the CMVM’s website, Quotex/Maxbit LLC e a Quotex/Awesomo Ltd is not registered or authorized to provide any investment services or activities in Portugal, such as receiving and transmitting orders, executing orders on behalf of clients, portfolio management, investment advice, or operating collective investment schemes. Therefore, these companies are acting illegally and may pose a serious risk to investors who deal with them.

Customer Reviews:

A quick search on the internet reveals that Quotex has received many negative reviews and complaints from customers who have used their services. Some of the common issues reported by customers include:

– Difficulty in withdrawing funds or closing accounts

– Unprofessional or rude customer service

– High fees or hidden charges

– Manipulation of prices or trades

– False or misleading advertising

– Pressure to deposit more money or accept bonuses

– Unsolicited calls or emails from brokers or agents

One of the websites that collects customer reviews and ratings of online brokers is Trustpilot, where Quotex has an average score of 2.4 out of 5 stars, based on 49 reviews. Most of the reviews are negative, with only 14% of customers giving Quotex a positive rating. Here are some examples of what customers have said about Quotex on Trustpilot :

– “This company is a scam. They will not let you withdraw your money. They will ask you for more documents and verification every time you try to withdraw. They will also block your account if you complain. Stay away from them.”

– “Quotex is a fraud. They manipulate the prices and the trades. They will make you lose all your money. They also have fake reviews on their website and social media. Do not trust them.”

– “I regret using Quotex. They have terrible customer service. They never answer the phone or reply to emails. They also charge very high fees and commissions. They are not transparent at all. I wish I had done more research before choosing them.”

Products and Services:

Quotex claims to offer a variety of products and services for online trading and investing, such as:

– A web-based trading platform that supports multiple languages, charts, indicators, and tools

– A mobile app that allows users to trade on the go from their smartphones or tablets

– A demo account that gives users $10,000 of virtual money to practice trading without risk

– A minimum deposit of $10 and a minimum trade size of $1

– A range of payment methods, including credit cards, e-wallets, cryptocurrencies, and bank transfers

– A selection of assets to trade, such as currency pairs, crypto coins, commodities, indices, and stocks

– A variety of trading options, such as high/low, touch/no touch, in/out, and turbo

– A payout rate of up to 98% for successful trades

– A bonus program that rewards users with extra funds for depositing or trading certain amounts

– An affiliate program that pays users commissions for referring new customers to Quotex

However, these products and services are not verified or regulated by any reputable authority, and they may not be available or accessible in all countries or regions. Moreover, they may not be accurate or reliable, and they may contain errors or discrepancies that could affect the performance or outcome of the trades. Furthermore, they may be subject to change or modification without notice or consent from the users.

Location:

Quotex/Maxbit LLC e a Quotex/Awesomo Ltd claim to have two different addresses on their website: one in Saint Vincent and the Grenadines (SVG), and one in Seychelles. However, these addresses are not confirmed or verified by any official source, and they may be false or misleading.

SVG and Seychelles are both offshore jurisdictions that are known for their lax or nonexistent regulation of financial services, especially online trading and investing. These jurisdictions do not require companies to obtain a license or authorization to operate, nor do they enforce any rules or standards regarding the protection of investors, the prevention of fraud, or the resolution of disputes. Therefore, companies that are registered or based in these jurisdictions are not subject to any oversight or supervision, and they can operate with impunity and without accountability.

Customer Service:

Quotex claims to provide customer service through various channels, such as phone, email, live chat, and social media. However, these channels are not responsive or helpful, and they may not be available or accessible at all times or in all languages. Many customers have reported that they have experienced difficulty or frustration in contacting or communicating with Quotex’s customer service and that they have received unsatisfactory or unprofessional responses or solutions.

Is Your Money Safe in an Unregulated Company?

The answer is no. Investing or trading with an unregulated company like Quotex is very risky and dangerous, and it could result in losing all your money or more. Here are some of the reasons why:

– You have no legal protection or recourse if something goes wrong or if you have a dispute with the company

– You have no guarantee that the company is legitimate or trustworthy and that it will honor its obligations or promises

– You have no assurance that the company follows any ethical or professional standards or practices and that it will treat you fairly or honestly

– You have no control over your money or your trades, and you may face delays, restrictions, or fees when you want to withdraw or close your account

– You have no access to any independent or impartial third party that can verify or audit the company’s operations or activities, and that can intervene or mediate in case of a problem

– You have no way of knowing if the company is secure or stable and if it can withstand market fluctuations or shocks

– You have no way of knowing if the company is compliant with any laws or regulations in your country or region and if it respects your rights or privacy

Conclusion:

Quotex/Maxbit LLC e a Quotex/Awesomo Ltd are two unregulated and illegal companies that offer online trading and investment services under the brand name Quotex. They have been warned by the CMVM for operating without a license in Portugal, and they have received many negative reviews and complaints from customers who have used their services. They are not trustworthy or reliable, and they may pose a serious risk to your money and your safety. Therefore, we advise you to avoid them at all costs and to look for a regulated and reputable broker instead.