Updated September 2026: Quotex is still accessible to many users internationally, but accessibility is not the same thing as local regulatory authorisation. Robius could not verify Quotex or the current company named in its own public documents as a UAE-licensed brokerage entity in the public CMA, DFSA or FSRA registers checked for this review.
The older version of this article also counted five international regulator warnings and described Quotex’s company structure as if several historical entities were simultaneously current. We have tightened both claims. The current QxBroker site points to one St Kitts and Nevis address, while the site’s footer and legal documents render the company name slightly differently.
What Company Does Quotex Name Today?
Start with Quotex’s own current documents. The QxBroker website footer says ON SPOT GROUP LLC is the owner of qxbroker.com and gives the address Main Street, P.O. Box 625, Charlestown, St. Kitts and Nevis.
The current English service agreement names the company as ON SPOT LLC GROUP and gives the same St Kitts and Nevis address. The privacy policy uses the same ON SPOT LLC GROUP wording.
That may simply be inconsistent rendering of the same company name, rather than evidence of two different businesses. But for a financial platform, the exact contracting entity should be unambiguous. Before funding an account, read the legal name shown in the agreement presented to you, not only the brand name in the app or website header.
What Happened to Awesomo, Maxbit and the Other Older Names?
Older regulator warnings and third-party reviews associate Quotex-branded websites with names including Awesomo Ltd and Maxbit LLC. Those historical records still matter because they show how the platform was presented at the time of each warning.
They should not automatically be described as the company currently serving every Quotex user in 2026. The current public QxBroker materials checked by Robius point instead to the ON SPOT entity at the St Kitts and Nevis address above.
We Could Not Verify a UAE Brokerage Licence
For a UAE resident, the relevant question is whether the exact legal entity on the account is authorised for the activity it is offering.
Robius checked the current public routes for the UAE Capital Market Authority, the Dubai Financial Services Authority and the Financial Services Regulatory Authority in ADGM. We could not verify Quotex, ON SPOT GROUP LLC or ON SPOT LLC GROUP as a locally regulated brokerage entity in those public registers.
That is the claim we can support. The older article went further and said that no UAE regulator had authorised any binary-options broker for retail clients. That universal statement is unnecessary to the Quotex verdict and has been removed. We only need to establish the regulatory position of the platform and entity actually being reviewed.
The International Warning Record Is Real, but It Needs Precise Wording
Spain: on 28 June 2021, the CNMV warned that Quotex Ltd / Awesomo Ltd and the quotex.io/es website were not authorised to provide the investment and auxiliary services specified in Spanish securities law.
Portugal: in January 2023, the CMVM warned about Quotex/Maxbit LLC and Quotex/Awesomo Ltd, including qxbroker.com/pt and other Quotex-branded sites. The Portuguese regulator said those companies were not authorised to carry out financial intermediation activity in Portugal.
Russia: the Bank of Russia maintains a warning-list entry for Quotex. The record, originally dated 7 April 2022 and most recently updated on 31 July 2026, includes qxbroker.com among a long list of associated websites and says the regulator detected signs of a financial pyramid and an illegal professional securities-market participant.
These findings apply in the jurisdictions and regulatory contexts in which they were issued. They do not by themselves determine Quotex’s legal status in the UAE. They are relevant because they are primary-source regulatory records tied to the brand and its historical websites or entities.
The old Robius article also named the FCA, CONSOB and RBI as part of a simple regulator count. We are no longer using a headline number unless each item is directly tied to a primary-source record that says exactly what we claim it says. The caution verdict does not need an inflated count.
Do Not Treat the CMA Warning List as a Whitelist
The CMA provides both licensed-company resources and a warnings register. Use both, but understand what each one can prove.
A company appearing in the appropriate licensed register with the relevant activity is positive regulatory evidence. A company appearing in a warning is negative evidence. But a company simply being absent from the warnings list does not prove that it is authorised.
The older version of this article described the CMA warnings registry as a list of “confirmed unlicensed firms.” That was too broad. The register publishes specific warnings about entities and practices the Authority says are not licensed, authorised or approved for the activity identified in the warning.
What to Check Before Sending Money
- Open the account agreement and copy the exact legal entity name.
- Check that exact entity in the regulator’s own register, not in a screenshot supplied by the platform.
- Check whether the licence covers the specific activity being offered to you.
- Read the withdrawal, dispute and governing-law clauses before depositing.
- Do not use a successful small withdrawal as proof that a platform is safe; one processed withdrawal does not establish future access to funds or regulatory protection.
Use the Robius five-minute trading-platform check before funding any broker or trading app.
The Bottom Line
Quotex is not a case where Robius needs to invent a stronger accusation than the evidence supports. The current evidence is enough for a CAUTION verdict.
The current public site points to a company in St Kitts and Nevis, with a small inconsistency in how the legal name is rendered across the footer and service agreement. We could not verify that entity as a UAE-regulated broker in the public registers checked. And there are real historical regulator warnings tied to Quotex-branded entities and domains in Spain and Portugal, plus a current Bank of Russia warning-list entry that includes qxbroker.com.
That is a much stronger basis for caution than a dramatic but loosely sourced “five regulators” headline.
Sources
• Quotex / QxBroker current website: ON SPOT GROUP LLC, St Kitts and Nevis — qxbroker.com
• Quotex / QxBroker Service Agreement: ON SPOT LLC GROUP, same St Kitts and Nevis address — qxbroker.com
• CNMV, Spain, 28 June 2021: warning concerning Quotex Ltd / Awesomo Ltd and quotex.io/es — cnmv.es
• CMVM, Portugal, January 2023: warning concerning Quotex/Maxbit LLC and Quotex/Awesomo Ltd, including qxbroker.com/pt and other domains — available through the European regulator warning records reproduced by CNMV.
• Bank of Russia: current Quotex warning-list record, latest data update 31 July 2026 — cbr.ru
• UAE Capital Market Authority: current Licensed Companies and Warnings resources — uaecma.gov.ae
• DFSA: public register of firms — dfsa.ae
• ADGM FSRA: official public register — adgm.com
This is not financial advice.
Robius.news — Dubai, UAE — 2026 | Built to be first. Built to be trusted.
