Quotex
Quotex is a privately held offshore binary options trading platform operated by ON SPOT GROUP LLC (St. Kitts and Nevis), serving retail speculators across emerging markets with a web/Android/PWA platform, integrated trading signals, and a $10 minimum deposit.
- Company typePrivate
- Founded2019
- HeadquartersCastries, St. Lucia
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What Quotex does
Quotex is a privately held binary options trading platform operated by ON SPOT GROUP LLC, a company registered in St. Kitts and Nevis with additional operations based in Saint Lucia. Founded in 2019 and employing 11-50 staff, Quotex serves retail speculators who predict short-term price movements (up or down) across currency pairs, stocks, metals, oil, and gas. The core product is a browser-based trading interface accessible at qxbroker.com, complemented by an Android mobile application and a Progressive Web App, with localized versions in 20+ languages. Notable product features include a free $10,000 virtual demo account that requires no registration, a $10 minimum real-money deposit, integrated trading signals marketed at 87% accuracy, a curated library of technical trading indicators, bonus tournaments and giveaways, and 24/7 customer support. The platform is explicitly unavailable to residents of the USA, Canada, Hong Kong, the EEA, Israel, and Russia, concentrating its addressable market in emerging markets across LATAM, South/Southeast Asia, MENA, and Africa.
Quotex generates revenue from the settlement spread on binary options trades — it retains the difference between the payout paid to correct predictions and the stake forfeited on incorrect predictions. There are no deposit or withdrawal fees charged by the broker itself, and the only disclosed distribution channel beyond self-serve web signup is a third-party affiliate program at quotex-partner.com plus organic social media presence across Telegram (390K+), Instagram (110K+), and Facebook (32K+). The company has not disclosed funding rounds, headcount growth, audited financials, or management team composition, and holds no public regulatory licenses in major jurisdictions.
Quotex firmographics
Firmographics- Name
- Quotex
- Legal name
- ON SPOT GROUP LLC
- Website
- https://qxbroker.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Quotex is a privately held offshore binary options trading platform operated by ON SPOT GROUP LLC (St. Kitts and Nevis), serving retail speculators across emerging markets with a web/Android/PWA platform, integrated trading signals, and a $10 minimum deposit.
- Ownership category
- akta.pro rank
Quotex industry classification
Industry- Product category
- Online Binary Options Trading Platform
- NAICS
- Commodity Contracts Intermediation (52316), Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- FX Request-for-Quote (RFQ) Venues (FSAFADAI)
Keywords
Where Quotex is headquartered
LocationHeadquarters
- HQ city
- Castries
- HQ country
- St. Lucia
Offices1 record
Markets served
Quotex business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Binary Options Trading Spreads: Quotex earns revenue from the spread between payouts on winning trades and the cost of losing trades in binary options trading. When traders predict price movements correctly (up or down), they receive a payout. The platform retains the difference as its primary revenue stream.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Demo Account - Free practice account with virtual funds |
| Transaction based/ take rate | Pay-as-you-go | Real Trading Account - Minimum $10 deposit to start |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Quotex product offering
Product offeringCore offering
Quotex is an online binary options trading platform that lets individual retail traders predict whether the price of an asset — forex, stocks, metals, oil, gas, or other listed instruments — will go up or down within a set timeframe. The platform is accessible via web browser, PWA, and Android app, and offers a free $10,000 demo account alongside a real-money account with a $10 minimum deposit and no deposit/withdrawal fees. Revenue is earned from the spread between winning-trade payouts and the cost of losing trades.
Product overview
Quotex is a binary options trading platform operated by ON SPOT GROUP LLC, offering a unified trading platform with multiple access channels. The core product is the Quotex Trading Platform, which provides binary options trading with integrated signals (87% accuracy) and technical trading indicators. The platform is accessible via a web browser (PWA), Android mobile app, and includes both demo accounts (10,000 USD virtual funds) and real trading accounts (minimum 10 USD deposit). Additional features include bonus programs, tournaments, and 24/7 customer support. All these components work together as a single product ecosystem rather than separate platform-plus-modules architecture.
Differentiator
Problem solved
Functional benefit
Products and services
- Quotex Trading Platform Browser-based binary options trading platform accessible globally via qxbroker.com. Allows individual retail users to select an asset, monitor price charts, place up/down trades, and receive payouts on correct predictions. Features integrated trading signals, a library of technical indicators, demo and real-money accounts, 24/7 support, and bonus programs.
- Quotex Android Mobile App Mobile version of the Quotex trading platform distributed via Google Play Store. Allows retail users to trade binary options on Android devices with full account synchronization to the web platform.
- Quotex Progressive Web App (PWA) Installable web application version of the Quotex trading platform that lets users trade from a browser without downloading software. Accessible on desktop and mobile devices and supports installation as a PWA.
Quantifiable outcome
- Signals with 87% accuracy rate help traders build profitable strategies
- +3 more outcomes
Companies that use Quotex
Customer profileNamed customers6 records
Segments1 record
Ideal customer profiles1 record
Quotex technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature6 records
Quotex partnerships and signals
Strategic signalScale indicators4 records
Recent moves5 records
Expansion highlights4 records
Quotex competitors and assessment
Company assessmentDirect peers
- Binomo: Retail binary options broker targeting similar emerging-market traders with low minimum deposits, demo accounts, and tournament/bonus promotions that closely mirror Quotex's GTM.
- Expert Option: Retail binary options platform offering low-deposit onboarding, demo trading, social-trading features, and web/mobile distribution targeting similar emerging-market retail audiences as Quotex.
- IQ Option: One of the largest and most established retail binary options and digital options brokers globally, with a similar low-deposit onboarding model and self-serve web/mobile platform. Direct head-to-head competitor for Quotex's retail trader base.
- Pocket Option: Offshore retail binary options broker with very similar feature set — low minimum deposits, demo account, integrated signals/indicators, social-marketing-led acquisition, and global (excluding restricted jurisdictions) coverage.
- Olymp Trade: Major retail binary options broker with comparable $10 minimum deposit, demo account, signals/indicators, and multi-channel web/Android distribution. Closest direct functional competitor to Quotex.
- Deriv (formerly Binary.com): Long-running retail derivatives broker (originally binary.com) offering digital options, CFDs, and multipliers via web and mobile with similar low-deposit and demo funnels. Direct competitor in the binary/digital options product category.
- RaceOption: Retail binary options broker with comparable low minimum deposit, bonus/tournament mechanics, and web-based trading platform aimed at retail traders in similar emerging-market geographies.
- BinaryCent: Offshore binary options and CFD broker with micro-deposit onboarding ($10), copy-trading features, and similar social/affiliate-driven acquisition aimed at retail traders — a close functional analog to Quotex.
Broad incumbents
- eToro: Large, regulated multi-asset retail trading platform offering stocks, FX, and CFDs to retail investors globally. Overlaps with Quotex on the retail-trader target market and self-serve onboarding model, but operates under tier-1 regulation and a much broader product set, not binary options.
- Plus500: Public, regulated CFD and retail derivatives broker with a self-serve web/mobile platform targeting retail traders. Comparable as a retail-derivatives intermediary, but not a binary options specialist and not active in Quotex's offshore emerging-market core.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Quotex social profiles
Digital presenceQuotex financial estimates
Financial estimateRevenue estimate
Valuation estimate
Quotex leadership team
Management profileNumber of profiles
Quotex funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Quotex M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Quotex
What does Quotex do?
Quotex is an online binary options trading platform that lets individual retail traders predict whether the price of an asset — forex, stocks, metals, oil, gas, or other listed instruments — will go up or down within a set timeframe. The platform is accessible via web browser, PWA, and Android app, and offers a free $10,000 demo account alongside a real-money account with a $10 minimum deposit and no deposit/withdrawal fees. Revenue is earned from the spread between winning-trade payouts and the cost of losing trades.
Is Quotex a public or private company?
Quotex is a private company. It is classified as unknown and is currently operating.
When was Quotex founded?
Quotex was founded in 2019. It employs 11 to 50 people.
Where is Quotex based?
Quotex is headquartered in Castries, St. Lucia.
How does Quotex make money?
One revenue line is on record: binary Options Trading Spreads.
Who are Quotex's main competitors?
Direct peers on record are Binomo, Expert Option, IQ Option, Pocket Option, Olymp Trade, Deriv (formerly Binary.com), RaceOption and BinaryCent. Broad incumbents are eToro and Plus500.
Does Quotex have an API?
No public API is recorded for Quotex.
What industry is Quotex in?
Quotex's product category is Online Binary Options Trading Platform. Its primary akta.pro industry code is FSAFADAI, FX Request-for-Quote (RFQ) Venues. Its NAICS code is 52316 and its SIC code is 6221.