Offshore Status
Quotex is an offshore binary options and digital contracts broker. It is not registered or regulated in India, and therefore doesn’t fall under Indian authorities like SEBI.
Availability in India
While the platform is accessible via the internet, Indian traders using Quotex do so at their own risk. There are no official partnerships or licensing agreements with Indian financial regulators.
Regulatory Implications
- Trading on Quotex does not offer protection under Indian financial laws.
- In case of withdrawal issues or disputes, Indian regulators cannot intervene.
- Unlike SEBI-registered brokers (e.g., Zerodha, Upstox), Quotex lacks mandatory investor safeguards such as fund segregation and grievance redressal.
Alternatives to Consider
If you're trading from India, using a SEBI-registered platform ensures compliance with local laws and offers legal protections. Examples include:
- Zerodha
- Upstox
- Angel One
Summary:
- Quotex is not a licensed or regulated broker in India.
- Using it means no legal recourse under Indian regulations.
- For secure trading and strong investor protection, choose SEBI-regulated brokers.
Check out that article or visit the official website.
Find more information here:
Quotex Broker India: What Indian Traders Should Know
Is Trading on Quotex Allowed by SEBI?
What Is the Minimum Deposit in Quotex?
Quotex Website: A Simple and Fast Platform for Online Trading
Comments on “Quotex Broker India: What Indian Traders Should Know”