Quotex Supported Countries 2024 - Complete List of Where You Can and Cannot Trade

Binary options trading has captured the attention of millions of traders worldwide, and Quotex has emerged as one of the most popular platforms in this space. But before you rush to create an account, there's a crucial question you need to answer: Is Quotex actually available in your country?

Understanding geographic availability isn't just a minor detail—it's fundamental to your trading journey. Registering from a restricted region can lead to account termination, frozen funds, and even legal complications. This comprehensive guide breaks down exactly where Quotex operates legally, which countries face restrictions, and what alternatives exist for traders in banned regions.

From the bustling markets of Southeast Asia to the growing trading communities in Africa, we'll explore every region where Quotex has established its presence and explain why certain major markets remain off-limits.

Complete List of Quotex Supported Countries in 2024

Quotex maintains an extensive global footprint, serving traders across multiple continents. The platform's availability spans over 100 countries, making it one of the more accessible binary options brokers in the industry.

Regionally, Quotex operates in:

Asia: Major markets across Southeast Asia and South Asia
Africa: Strong presence across the continent
Latin America: Comprehensive coverage of Central and South American nations
Middle East: Select countries with permitted trading
CIS Region: Former Soviet states with significant trader populations

To verify your country's eligibility, the registration process includes automatic detection. When you visit the official Quotex website, the platform identifies your location and confirms whether you can proceed with account creation. Countries with unrestricted access enjoy full platform features, including all trading instruments, promotional offers, and complete payment method availability.

African Countries Where Quotex is Available

Africa represents one of Quotex's strongest markets, with the platform enjoying widespread availability across the continent. Supported African nations include:

Nigeria
Kenya
South Africa
Ghana
Tanzania
Uganda
Cameroon
Zimbabwe
Zambia
Egypt
Morocco

Nigerian traders, in particular, form a substantial portion of Quotex's user base. The platform has adapted well to African markets by integrating popular regional payment methods, including mobile money services, local bank transfers, and cryptocurrency options that bypass traditional banking limitations.

The strong African presence stems from several factors: growing internet penetration, increasing smartphone adoption, and a young population eager to explore alternative income opportunities. Quotex has capitalized on this trend by offering low minimum deposits and mobile-optimized trading experiences.

Asian Countries with Quotex Access

Asia represents another major market for Quotex, with particularly strong adoption in Southeast Asian nations.

Southeast Asian markets with access include:

Indonesia
Philippines
Vietnam
Thailand
Malaysia

South Asian availability covers:

India
Pakistan
Bangladesh
Sri Lanka
Nepal

These regions benefit from localized payment options, including regional e-wallets, bank transfers in local currencies, and cryptocurrency deposits. Indonesia and India stand out as particularly active markets, with traders appreciating the platform's low barrier to entry and intuitive interface.

Local currency support varies by country. However, Quotex generally accommodates major regional currencies for deposits and withdrawals, reducing conversion fees for traders.

Latin American and Middle Eastern Availability

Latin America enjoys comprehensive Quotex coverage, with full availability in:

Brazil
Mexico
Argentina
Colombia
Chile
Peru
Venezuela
Ecuador

Brazilian traders represent a significant user segment, drawn to the platform's Portuguese language support and regional payment integrations.

Middle Eastern nations with permitted trading include:

United Arab Emirates
Saudi Arabia
Qatar
Kuwait
Bahrain

Currency considerations matter in these regions. While USD remains the primary trading currency, deposit options accommodate local payment preferences, including regional bank transfers and cryptocurrency alternatives for countries with limited international banking access.

Quotex Restricted Countries - Where Trading is Banned

Despite its global reach, Quotex faces significant restrictions in several major markets. The complete list of banned regions includes:

North America:

United States
Canada

European Union Member States:

Germany
France
Italy
Spain
Netherlands
Belgium
Austria
Poland
All other EU nations

Other Major Markets:

United Kingdom
Australia
Japan
Israel
New Zealand

These restrictions are enforced through multiple mechanisms. During registration, IP detection prevents account creation from restricted locations. Payment processors in banned regions typically block transactions to the platform. Additionally, identity verification processes flag documents from restricted countries, leading to account termination.

Partial restrictions exist in some jurisdictions where binary options aren't explicitly banned but face regulatory scrutiny. In these gray-zone countries, traders may successfully register but could encounter withdrawal complications or future account issues.

Why Certain Countries Restrict Binary Options Trading

The patchwork of global binary options regulations reflects varying approaches to financial consumer protection. Understanding why restrictions exist helps traders appreciate the regulatory landscape.

Binary options occupy a controversial space in financial markets. Regulatory bodies worldwide have expressed concerns about:

High loss rates among retail traders
Fraudulent operators historically plaguing the industry
Gambling-like characteristics of short-term binary trading
Aggressive marketing tactics targeting inexperienced investors

Major regulators classify binary options differently. The U.S. Securities and Exchange Commission (SEC) considers them securities, requiring strict licensing. The European Securities and Markets Authority (ESMA) implemented an outright retail ban. The UK's Financial Conduct Authority (FCA) followed suit with permanent restrictions.

It's important to distinguish between broker choice and regulatory prohibition. In some countries, trading binary options isn't illegal—but using unlicensed offshore brokers violates local financial laws.

USA Binary Options Regulations Explained

American traders face the strictest limitations regarding Quotex access. The regulatory framework makes offshore binary options trading effectively illegal for U.S. residents.

The SEC and CFTC (Commodity Futures Trading Commission) jointly regulate binary options in the United States. These agencies require platforms to register as exchanges and obtain proper licensing—requirements Quotex doesn't meet for the U.S. market.

Legal consequences for U.S. residents using offshore brokers include:

Potential civil penalties
Tax complications from unreported foreign accounts
Zero legal recourse if funds are frozen or stolen
Possible criminal liability for repeated violations

The regulatory stance is clear: Americans seeking binary options must use CFTC-registered exchanges like Nadex, which operates under strict oversight.

European Union ESMA Restrictions

The 2018 ESMA ban fundamentally changed binary options availability across Europe. This measure, initially temporary, became permanent in most EU jurisdictions as national regulators adopted the restrictions.

Countries enforcing the strictest measures include:

Germany (BaFin oversight)
France (AMF regulations)
Netherlands (AFM enforcement)
Belgium (FSMA complete ban)

A professional trader exemption technically exists, allowing qualified individuals to access binary options. However, requirements are stringent. They typically demand significant trading experience, substantial portfolio size, and professional financial sector employment. For most retail traders, these exemptions remain practically inaccessible.

Using VPN to Access Quotex - Legal Implications and Risks

Some traders in restricted regions consider VPN access as a workaround to geographic limitations. This approach carries substantial risks that outweigh potential benefits.

Terms of service violations represent the first concern. Quotex explicitly prohibits location masking, and detection triggers immediate account termination. The platform employs sophisticated methods to identify VPN usage, including:

IP address pattern analysis
Payment method location verification
Document verification cross-referencing

Withdrawal problems frequently arise when location masking is detected. Traders report frozen funds, rejected withdrawal requests, and permanent account bans. Without legal standing in restricted jurisdictions, recovering these funds becomes nearly impossible.

Beyond platform risks, legal liability exists for bypassing financial regulations. Depending on your jurisdiction, using offshore brokers through VPN could constitute regulatory evasion, potentially triggering fines or legal action.

Gray Zone Countries - Compliance Considerations for International Traders

Not every country maintains explicit binary options regulations. These "gray zone" jurisdictions present unique challenges for traders assessing legal risk.

Countries without clear binary options frameworks often include developing nations where financial regulations haven't caught up with modern trading instruments. In these regions, trading isn't explicitly illegal—but it isn't explicitly protected either.

Assessing legal risk involves:

Researching your country's financial regulatory body
Understanding how similar instruments (forex, CFDs) are treated
Consulting local financial advisors when possible

Tax reporting obligations exist regardless of regulatory clarity. Most countries require reporting foreign income, including trading profits. Failure to declare Quotex earnings could trigger tax evasion concerns, even where trading itself is permitted.

Best practices include maintaining detailed trading records, consulting tax professionals, and staying informed about evolving regulations in your jurisdiction.

Quotex vs Competitors - Country Availability Comparison

How does Quotex's geographic reach compare to alternative platforms?

IQ Option maintains similar restrictions in the USA, EU, and UK but offers broader availability in some Asian markets. Their regulatory approach mirrors Quotex's offshore model.

Pocket Option covers comparable territory, with a strong presence in CIS countries and similar restrictions in Western markets. Country-by-country availability closely parallels Quotex.

Key differences emerge in platform features rather than geographic availability. Traders in supported regions should compare:

Minimum deposit requirements
Available trading instruments
Payout percentages
Withdrawal processing times

For traders in restricted regions, the comparison becomes moot—none of these offshore brokers legally serve those markets.

Alternative Platforms for Traders in Restricted Regions

Traders in banned regions aren't without options, though alternatives differ significantly from Quotex's offerings.

For USA traders:

Nadex (CFTC-regulated binary options exchange)
TD Ameritrade (options trading)
Interactive Brokers (comprehensive derivatives access)

For European traders:

IG Markets (CFD trading)
eToro (social trading platform)
Plus500 (regulated CFD broker)

Forex brokers accepting traders from restricted regions often provide similar market exposure through different instruments. CFDs, options, and forex pairs can replicate some binary options strategies within regulated frameworks.

When evaluating alternatives, prioritize regulatory status, fund protection schemes, and transparent fee structures over flashy promotional offers.

Payment Methods by Country - What Is Available Where

Payment availability varies significantly based on trader location, directly tied to where Quotex operates.

Cryptocurrency serves as the most universally available option, functioning across borders without traditional banking restrictions. Bitcoin, Ethereum, and USDT deposits work consistently regardless of location.

African regions benefit from:

Mobile money integration (M-Pesa, etc.)
Local bank transfers
Regional payment processors

Asian markets access:

Local e-wallets (GCash, OVO, etc.)
Bank transfers in local currencies
Cryptocurrency options

Withdrawal limitations based on country include processing time variations, minimum withdrawal thresholds, and available methods. Some regions face longer processing times due to banking infrastructure limitations.

How to Check if Quotex is Available in Your Country

Verifying eligibility takes just minutes through the official registration process.

Step-by-step verification:

Visit the official Quotex website
Click the registration button
Observe automatic country detection
If permitted, proceed with email or social registration
Complete identity verification with local documents

When registering from restricted locations, the platform typically blocks account creation entirely or displays a notification explaining unavailability. Some traders report reaching the deposit stage before restrictions trigger—emphasizing the importance of early verification.

Contacting Quotex support provides definitive answers for borderline cases. Their support team can clarify specific country status and explain any partial restrictions that might apply.

Conclusion - Making Informed Decisions About Quotex Access

Navigating Quotex's geographic availability requires understanding both platform policies and local regulations. While the broker serves over 100 countries across Asia, Africa, Latin America, and the Middle East, major Western markets remain firmly off-limits.

Key takeaways:

Verify eligibility before attempting registration
Respect local financial regulations—VPN workarounds create more problems than they solve
Traders in restricted regions should explore regulated alternatives
Gray-zone traders should prioritize compliance and tax reporting

The regulatory landscape continues evolving. Countries regularly update their approaches to binary options, meaning today's availability could change tomorrow. Stay informed through official Quotex announcements and local financial regulatory news.

For traders in supported countries, Quotex offers a legitimate platform with extensive features. For those in restricted regions, pursuing regulated alternatives protects both your funds and legal standing. Whatever your location, informed decision-making remains your best trading strategy.