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Quotex

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You should avoid Quotex as they are not regulated by the FCA and not authorised to offer financial services in the UK.

Customer Reviews

Customer reviews have been turned off for this provider as they are not regulated by the FCA and are not allowed to provide financial services to UK customers.

To check if a firm is authorised by the Financial Conduct Authority, you can:

The Importance of FCA Authorisation & Regulation

All firms offering financial services in the UK are required to be regulated by the FCA which is crucial in the UK for protecting consumers, ensuring financial market integrity, and promoting financial stability.

The FCA helps prevent mis-selling, enforces laws against market abuse, and supports innovation while fostering competition.

By setting and enforcing high standards, the Financial Conduct Authority maintains confidence and transparency in financial markets and protects clients’ money if a firm goes bust with the FSCS. 

Alternatives

You can find an alternative provider that is regulated by the FCA in the UK in our comparison tables, where you can also see our opinion and customer reviews from our annual awards.

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Money Transfers

Get the best exchange rates when sending money abroad or investing internationally.

Worried About Financial Scams?

We have produced lots of guides about how to avoid financial scams in the UK. You can read a selection of them below.

If you think you have been a victim of a financial scam you should report it to the FCA here. 

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