Summary of Reddit Comments on "Quotex"

Mixed Opinions on Quotex:

• One user mentioned that if you can't make money with Pocket Options, it's unlikely you can make money with Quotex either.
• Another user shared a positive experience, citing easy navigation, robust charting tools, wide range of forex pairs, and efficient withdrawals with no delays or hidden fees.
• However, several users expressed negative experiences with Quotex, reporting account closures, withdrawal issues, and regulatory violations, leading to suspicions of a scam.
• Quotex has faced scrutiny and has been blacklisted by regulatory bodies in Italy, Estonia, and Lithuania.
• There are concerns about delayed withdrawals and allegations of Quotex scamming users, especially in India.

Withdrawal Experiences and Recommendations:

• Users shared varying withdrawal experiences, including delays ranging from a day to weeks.
• Recommendations included using crypto for faster withdrawals, avoiding UPI, using Binance for deposits and withdrawals, and utilizing specific currencies for withdrawals.
• Some users experienced challenges with withdrawal methods available, such as limitations with Net Banking and Perfect Money for withdrawals.

Trading Strategies and Groups:

• Users discussed trading groups, with caution advised against VIP groups and compounding groups as potential scams.
• Strategies such as using resistance and support levels, heikin-ashi candles, and focusing on real markets were mentioned.
• Concerns were raised about manipulated charts in OTC markets and binary options trading platforms.

General Advice and Caution:

• Recommendations were made to avoid high-return promises in binary trading and to prioritize trust, consistency, and risk management in trading.
• Users shared cautionary tales of scams and the importance of using reputable trading platforms and websites.
• Reference was made to a fraudulent mining scam and a verified agency on Telegram for cryptocurrency recovery.

In summary, while some users reported positive experiences with Quotex, there is a significant number of negative experiences, raised concerns about scams, regulatory blacklisting, delayed withdrawals, and manipulation in trading. Users shared recommendations for withdrawal methods, trading strategies, caution with trading platforms, and the importance of trust and risk management in trading.