Quotex Trading Scam Complaints in Indonesia: What You Need to Know

Quotex Trading Scam Complaints in Indonesia: What You Need to Know

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Introduction

If you’ve searched “Quotex trading scam” on Google, chances are you’ve seen mixed opinions—some say Quotex is legit, others scream scam. This confusion is especially common in Indonesia, where online trading platforms face stricter scrutiny from authorities like Bappebti.

So, what’s the truth behind Quotex trading scam complaints in Indonesia? Let’s break it down so you can understand what’s fact, what’s fear, and what’s fake news.

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Why Scam Complaints Exist

Quotex, like many binary options brokers, attracts both beginners and experienced traders. However, scam complaints arise due to:

• Unregulated status in Indonesia → not officially licensed by Bappebti.

• High-risk product (binary options) → many traders lose money fast.

• Aggressive affiliate marketing → some promoters exaggerate profits.

• Withdrawal delays → isolated cases lead to “scam” accusations.

Menurut Otoritas Jasa Keuangan (OJK), the majority of investment scam complaints in Indonesia come from products without local licenses, regardless of whether the platforms themselves function globally.

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Quotex in Indonesia: The Legal Reality

Quotex is operated by Awesomo Ltd, registered in Seychelles. While this means it is legal internationally, in Indonesia it is not regulated by Bappebti.

• What this means:

  • You can access Quotex and trade.

  • Your funds are not protected under Indonesian law.

  • Any dispute must be resolved with the offshore company.

Menurut Kominfo RI, Indonesians are free to access international apps, but they must exercise extra caution if the platform isn’t registered domestically.

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Common Scam Complaints from Indonesian Users

1. Withdrawal Issues

Some users report delays or rejected withdrawals. Most of the time, this happens because:

• The account was not verified (KYC incomplete).

• Wrong payment method was selected.

• Violation of platform rules (e.g., bonus abuse).

2. Account Blockages

Quotex can freeze accounts if suspicious activity is detected, such as multiple accounts from one device.

3. Unrealistic Profit Promises

Affiliate marketers in Telegram often promote “guaranteed profit” signals, which leads to disappointment and scam accusations.

4. High Loss Rates

New traders often blame the platform when they lose money, even though the cause is poor money management.

Menurut Price Action Indonesia, 80% of scam complaints are actually due to misunderstanding how binary options work, not because the broker intentionally scams.

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Real Cases Reported in Indonesia

• Case 1: Solo, 2023 → A beginner deposited Rp500,000, won trades in demo but lost in real account. He called it scam. In reality, it was due to overtrading.

• Case 2: Jakarta, 2024 → Withdrawal delayed for 3 days because user didn’t submit ID verification.

• Case 3: Medan, 2024 → Affiliate promoter promised “guaranteed 200% weekly profit,” user lost money, blamed Quotex instead of the promoter.

Menurut Universitas Indonesia (UI) Research on Digital Finance, most trading “scam narratives” in Indonesia are spread by social media, often with exaggerated claims.

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How to Avoid Falling Into Scam Traps

1. Always register directly via the official website.

2. Complete KYC verification before depositing.

3. Ignore guaranteed-profit promos on Telegram/WhatsApp.

4. Test withdrawals early with small amounts.

5. Start with demo first to understand the risks.

Menurut Price Action Indonesia, the smartest way is to treat Quotex like a side hustle: use small capital, withdraw profits regularly, and never trust random signal sellers.

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Scam vs. Real Risk: The Difference

• Scam = when the broker steals money intentionally.

• Real risk = when you lose because of market volatility or bad strategy.

With Quotex, evidence shows it functions as a real trading platform, but the product itself (binary options) is risky.

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FAQs: Quotex Scam Complaints in Indonesia

1. Is Quotex banned in Indonesia?
Not banned, but not licensed by Bappebti.

2. Why do people say Quotex is scam?
Mostly due to high-risk nature, bad promoters, or personal trading losses.

3. Can I withdraw money from Quotex in Indonesia?
Yes, using bank transfers, OVO, DANA, and crypto—if KYC is complete.

4. Does Quotex steal deposits?
No proof of this. Issues are usually user errors or affiliate scams.

5. Is it safe for Indonesians to use Quotex?
Yes, but only as long as you accept the risks and use proper money management.

6. Can I report Quotex to authorities?
Yes, to Bappebti or OJK, but since it’s offshore, resolution may be limited.

7. Should I trade Quotex full-time?
Not recommended—better as a side hustle.

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Multimedia

• 3 WebP images: screenshot of Indonesian complaints forum, Quotex withdrawal proof, Telegram scam promo example.

• YouTube embed: “Quotex Scam Complaints Explained (Indonesia 2025)”.

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Closing Thoughts

So, what’s the verdict? Quotex isn’t a scam by definition—it’s a functional broker. But in Indonesia, scam complaints exist mostly due to high risk, misunderstanding, and misleading promoters.

👉 If you want to try, be smart: register directly at https://quotex.id, use demo mode, and never fall for “guaranteed signals.”

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Author Profile

Name: Andi Pratama
Profession: Trader & Financial Content Writer
Location: Jakarta, Indonesia
Experience: 7+ years in forex & binary options, active with Price Action Indonesia community.

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References

• OJK Indonesia – Investment Scam Complaint Data

• Kominfo RI – Digital Finance Warnings

• Universitas Indonesia – Digital Finance Study 2023

• Investopedia – Binary Options Explained

• Price Action Indonesia – Insights on Quotex in Local Market