Quotex Scam Review – Chinese Romance Scam Warning!

Welcome to our Quotex Scam Review, in which we investigate a website that is now defunct, quotexebs.com.

Two days ago, March 21, 2023, the following report was filed with the BBB (Better Business Bureau) by a Santa Monica, California, United States person who claims being defrauded for $30,000 by a cryptocurrency scam, in which a person claiming to be an investor befriends and romances victims while offering to teach them about finances and investing.

In this case, the scammer then tricked the person into investing in a fake company called Quotex BS that deals with cryptocurrency options and trades.

I was targeted by a man who claimed to be an investor. He initially approached me as a potential person to teach me about finances and how to buy a house, and eventually added a romantic element to our interactions. However, he turned out to be a scammer.


I have new information on the Quotex BS company that is involved in cryptocurrency options and trades USDT and BTC. I recently spoke with a lawyer who has a client that lost nearly 200k with this same guy. He goes by the name Bradley on Tinder and WhatsApp, and he pretends to be a foreigner, but he may actually be from New York. He poses as a Muslim man with other victims and has reportedly scammed around two thousand people.


I have a small recording of his voice and I have seen him twice on camera, as he video chatted with me. He uses a similar technique of creating a joint account and claims to be a skilled investor with family secrets. He played the role of a friend with me, warning me about scams and offering to teach me about investing and buying a house. Unfortunately, I was dealing with a major health issue at the time and my judgment was clouded.


I researched Quotex on YouTube and found people using the same method to make money, so I thought he was legitimate. He even gave me a link to a European Quotex site, quotexebs.com/h5 […]

The scammer’s phone number is: 510 270 0205. (Area code 510 covers a number of East Bay cities in Northern California.)

Strange. This is the phone number of the Center for Workplace Health and Performance (tcwhp.org) from 1990 N. California Boulevard, Suite 830, Walnut Creek, CA 94596-7261.

So what is Quotex BS and is it a SCAM?

Quotexebs Review

We could not find any trace of a website called “Quotex BS” or “Quotex EBS,” however we did find a website called “Quotex” and a registered domain with the URL quotexebs.com.

The domain quotexebs.com was registered on November 18, 2022 for one year through Shanghai Meicheng Technology Information Development Co., Ltd..

It is possible that our victim was scammed by quotexebs.com, which was later removed from the Internet.

A Quotex Scam?

The domain quotex.com, on the other hand, was registered through GoDaddy.com on June 4, 2003 for 20 years.

Quotex Scam Review - screenshot of the quotex website

Quotex (e.g., quotex.com, qxbroker.com, quotex.io) is a platform for digital asset trading that offers a simple and convenient interface, integrated signals, trading indicators, and a fast speed.

The platform offers over 410 instruments and a minimum deposit of $5 for optimal trading. The website services are not available in some countries, including the USA.

On TrustPilot, quotex.com received 271 reviews with an overall rating of 4.5 out of 5. However, the reviews show that some users have had negative experiences with the platform.

Many reviewers have complained about issues related to deposit and withdrawal of funds, and some have accused the platform of being a scam. Others have mentioned concerns about rigged trades and price manipulation.

Quotex.io, on the other hand, a domain registered on January 6, 2020 for 5 years through GoDaddy has a TrustScore of 5 out of 5. It has 4.8 stars out of 5 based on 4,244 reviews. However, there are also several negative reviews, citing issues such as withdrawal problems, fake signals, and missing profits. Some reviewers also mentioned that the customer service and refund processing time need improvement.

Quotex Reviews

There is a mix of positive and negative reviews about Quotex. While some users have reported positive experiences with the platform, such as easy-to-use interface and good customer support, others have raised concerns about withdrawal issues and potential scam activities.

Here are a couple scam accusations we found:

“Quotex has been holding my funds for weeks now, and I am unable to withdraw them. Their customer support is unresponsive, and I am starting to think that this platform is a scam.”


“I invested a significant amount of money in Quotex, but I have not been able to make any withdrawals. They keep giving me excuses and asking for more documentation, but I am getting suspicious about their activities.”

Based on this mix of positive and negative reviews, it is difficult to say whether or not Quotex can be trusted. We need to run a few additional tests.

First, let’s look at their About us page.

It does not give information about who is behind the company, such as LinkedIn profiles etc., however we do find some information at the footer of the site:

The company’s name is SOFT HORIZON LTD.

And we find another domain name under this company name: hordetrade.net. (Looks a lot like quotex.com and quotex.io.)

Their address is:

#10 Manoel Street, Castries, Saint Lucia.

This is the address of Leka Limited, a Business management consultant at lekaltd.com.

License number: 2023-00045.

License where though and what kind of license? They do not specify.

Still, these are rather popular and long standing websites, so we do not believe they are an outright scam.

Bottom Line

In summary, a person has reported being defrauded of $30,000 by a cryptocurrency scammer who posed as an investor and directed them to a fake company called Quotex BS.

We investigate the Quotex platform for digital asset trading and report a mix of positive and negative reviews about its services. Some users have raised concerns about potential scam activities and withdrawal issues.

The bottom line is that the any website that uses the name “Quotex” but not owned by SOFT HORIZON LTD is most likely a scam, and potential investors should avoid it.

If you have any experience with Quotex scams, share your experience by leaving a comment below this review. 

If you lost money online to online scams, such as the quotexebs scam, make sure to get a free consultation with one of our recommended scam recovery companies.

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