Quotex Thailand Review 2026

Quotex Overview

Quotex was launched in 2019 and operates offshore from Seychelles and Saint Vincent and the Grenadines under parent entities like Maxbit LLC. It has established a large footprint among Thai retail traders due to its modern web interface, integrated indicators, and low entry requirements. However, it operates in a completely unregulated space with zero investor protection.

Like all binary options brokers, Quotex acts as the counterparty to your trades. If you make a profitable trade, the broker pays your profit out of its own pocket; if you lose, the broker retains your stake. This structural design contains a clear conflict of interest.

Account Types & Restrictions

Quotex offers a free demo account loaded with $10,000 in virtual funds for testing. For live accounts, it features three tiers based on your capital:

• Standard Account: Starts at a $10 minimum deposit (≈ 340 THB). This account type offers basic access but has lower priority customer support.
• Pro Account: Unlocked at a deposit level of $1,000 or more. It promises a 2% increase in payout rates across standard assets and faster withdrawal processing.
• VIP Account: Unlocked at a deposit level of $5,000 or more. It promises a 4% increase in payout rates and prioritized withdrawals.

We must emphasize: a broker that alters asset payout percentages based on how much money you deposit is using a conflict-of-interest model. Professional execution environments should maintain identical execution parameters for all accounts.

Asset Range & Payout Realities

Quotex supports trading on forex currency pairs, stock indices, commodities, and cryptocurrencies. The peak payout rates can reach up to 98% during hours of high liquidity.

Do not expect to receive 98% payouts under normal trading. For standard accounts, the average payout on major pairs is usually between 70% and 85%. At an 80% payout rate, you must win 56% of your trades to break even. If your win rate drops below this benchmark, transaction costs and the mathematical house edge will deplete your account.

Deposits, Withdrawals & local bank transfers

For Thai traders, depositing funds is straightforward. Quotex integrates third-party QR code gateways, enabling instant deposits via PromptPay and local mobile banking.

Withdrawals, however, are subject to processing delays. The standard withdrawal time is listed as 1 to 5 business days, and you must pass KYC identity checks (submitting your Thai ID/passport and proof of address) before any funds are released. We recommend rejecting all promotional deposit bonuses, as they contain high volume turnover requirements that block you from withdrawing your own capital.

Is Quotex Legal in Thailand?

Quotex is an offshore broker with no licensing from the Securities and Exchange Commission (SEC) of Thailand or the Bank of Thailand.

There is no law that prevents Thai citizens from opening accounts with offshore brokers, meaning trading here is not illegal. However, because it is offshore, you have zero consumer rights. If the broker disputes a trade or freezes your balance, you have no recourse through Thai legal authorities.

Verdict: Popular, but Unregulated

Quotex is highly popular in Thailand due to its low $10 minimum deposit and clean, modern platform interface. However, its lack of regulation is a serious concern. If you choose to trade on Quotex, treat it as a speculative game, keep your deposits small, and never trade with money you cannot afford to lose entirely.