Quotex has quickly become one of the most popular binary options platforms still active in 2025—and it’s especially popular among Russian traders. With a slick interface, easy crypto deposits, and no-nonsense trade execution, Quotex feels like the cleaner, faster cousin of older offshore brokers. But just like the others, it comes with zero regulation and a big “use at your own risk” sticker.
If you’re a trader in Russia looking for fast binary trades without a complicated setup or government blocks, here’s everything you need to know about Quotex.
Is Quotex Legit?
Quotex is operated by Awesomo Ltd, registered in Seychelles—and that should tell you everything about its legal standing.
- No regulation from FCA (UK), CySEC (EU), or ASIC (AU)
- No investor protection
- No official trading license tied to major financial markets
- No independent complaints body
So yes—Quotex is unregulated. That’s common for binary options brokers these days, but it still matters. If the platform disappears, freezes your account, or delays your withdrawal, there’s nowhere to appeal.
That said, the platform has built a solid reputation over the last few years, with fewer public complaints than most offshore brokers, and it’s now one of the top binary brokers worldwide (at least in user numbers).
Binary Options Trading on Quotex
Binary options are all Quotex does—and they do it well, if speed and simplicity are what you’re after.
Key features:
- Expiry times: From 1 minute to 4 hours
- Payouts: Up to 98% (on high-liquidity assets at ideal expiry times)
- Assets:
- Forex pairs (EUR/USD, GBP/USD, etc.)
- Cryptocurrencies (BTC, ETH, LTC, etc.)
- Indices (S&P 500, DAX, FTSE, etc.)
- Commodities (Gold, Oil)
- Minimum trade size: $1
- Minimum deposit: $10
The trading interface is clean, quick, and supports several chart types. There are indicators, oscillators, and drawing tools—surprisingly robust for a binary platform. For Russian traders who want fast entries and visual clarity, it checks the box.
Why Russian Traders Use Quotex
Russian traders flock to Quotex because it’s:
- Not blocked in Russia
- Supports crypto for deposits and withdrawals
- Available in Russian (full translation + chat support)
- Doesn’t require verification for small accounts
- Low entry point: $10 to fund, $1 to trade
- Fast, lightweight, and works great on mobile
With many other platforms either blocked, slow, or full of bonus traps, Quotex feels refreshingly smooth and honest—even though it’s still technically in the offshore wild west.
Deposits and Withdrawals
- Minimum deposit: $10
- Minimum withdrawal: $10
- Funding methods:
- Crypto: Bitcoin, Ethereum, Litecoin, USDT, etc.
- Payeer, Perfect Money, Advcash
- Bank cards (may not work for Russian users)
- Withdrawals: Processed within 1–3 business days, often quicker for crypto
- Fees: None on Quotex’s end (you still pay blockchain network fees)
Withdrawals from Quotex are generally smooth. Unlike many competitors, they don’t hide behind bonus restrictions—you can trade without a bonus and withdraw freely once you hit the minimum.
That alone gives Quotex a stronger reputation than other offshore binaries.
Bonuses and Promotions
Quotex does offer deposit bonuses, but they’re optional and come with clear turnover requirements (usually 100x bonus amount). You’ll need to manually activate the bonus—so you can simply skip it.
There are also:
- Promo codes for occasional deposit boosts
- Tournaments and trading challenges (less common than on Pocket Option)
The important part: bonuses never auto-apply, which saves many traders from unwanted withdrawal problems.
Copy Trading and Social Features
Quotex doesn’t offer built-in copy trading or leaderboards, and there’s no social feed or trade sharing.
It’s a more minimalist, trader-focused experience. If you want to follow other traders, you’ll need to do it the old-fashioned way—by watching Telegram groups or public Discord chats.
That simplicity is part of the appeal. Less noise, more trading.
Platform and Mobile Experience
Quotex nails the user experience:
- Web-based trading with responsive layout
- No software to download
- Charts with candles, lines, and built-in indicators
- Simple “Up/Down” execution—instant and clean
On mobile:
- Android app available (direct APK and Play Store versions)
- iOS users use browser version (works well, but no App Store app as of now)
For binary trading on the go, it’s one of the fastest and most reliable platforms out there.
Support and Russian Language Access
- Website fully translated into Russian
- Live chat available 24/7
- Support staff available in Russian
- Telegram and social channels also active in Russian
Unlike some brokers that offer Russian but can’t actually support the language, Quotex has made the effort. Russian traders will have no problem navigating the platform or getting help.
Security and Regulation
Let’s not sugarcoat it—Quotex is unregulated.
- No FCA, CySEC, ASIC, or CBR license
- No oversight of pricing, trade fairness, or data protection
- No client fund segregation
- No official process for dispute resolution
That said, they don’t act like a scam site. So far, the platform has avoided the usual red flags—like locked accounts, rigged expiry times, or withdrawal refusals (as long as you skip bonuses).
Still: treat it as a trading tool, not a trusted vault. Keep balances low, withdraw profits often, and don’t assume anything is guaranteed.
Should Russian Traders Use Quotex for Binary Options?
If you’re in Russia and want fast, functional binary trading without the bonus traps, sketchy withdrawal policies, or technical garbage—Quotex is probably your best bet in 2025.
It’s:
- Easy to fund
- Available in Russian
- Smooth on mobile
- Clean in its interface
- Free of withdrawal games (unless you take bonuses)
But it’s also offshore and unregulated, and none of your money is protected if things go sideways.
Use it wisely: short-term trades, small amounts, and never let profits sit in the account longer than necessary.
Final Verdict:
- Binary Options Available: ✅
- Russian Traders Accepted: ✅
- Russian Language Support: ✅
- Crypto Deposits: ✅
- Minimum Deposit $10: ✅
- Clean Interface and Fast Execution: ✅
- Regulation: ❌
- Mobile App: ✅ (Android only)
Quotex is probably the best of the unregulated binary brokers still open to Russian traders. It feels more legit than it legally is, and that’s the tradeoff—you get speed, access, and flexibility, but none of the regulation or protection. If you’re OK with that, it’s hard to beat.