Name of Complainant	Yadhu Theofin
Date of Complaint	March 17, 2023
Name(s) of companies complained against	Quotex
Category of complaint	Internet Services
Permanent link of complaint	Right click to copy link
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I have traded in the Quotex Platform and lost around 5 lakhs by getting trapped in their chart manipulations. their charts are fake compared to the original trading view charts, also their area time zone is fake and sometimes not real-time, so the charts may be showing older or different times. I finally found their fraud when I opened 2 trades both in a demo account and in a live account, both at the same time, guess what happened, both trades ended differently where the one in a demo account, I won, and the one in the live account I lost the deal, this is when I confirmed they are scamming. unfortunately, I didn’t take a screenshot as I was furious at the time and closed the application and deleted my account at the time.

I had raised a dispute with them several times and got no response.

My advice is that stay away from these applications such as Binomo, Quotex, Iq option, Olymp trade, etc…as they are all registered at the same address if you check their websites. They are all registered in St vincent and the grenadines and are not legal in many countries including India

unfortunately, I found out all of this too late. I hope others don’t fall for these fake apps.

Oh, and the YouTubers that are heavily promoting these apps on youtube get paid commission from the trades that you lose, this is also something I found out recently

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