Is Quotex Legal in Bangladesh? (2025)

Paul Titus
Barry Edwards
Last Updated on November 6, 2025
Is Quotex Legal in Bangladesh
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Quotex is a widely used binary options platform for beginner traders in Bangladesh because of its simple interface, quick profits, and support for local payment methods. But Bangladeshi trading laws are strict, so you might be wondering: Is Quotex legal in Bangladesh?

The short answer is:

👉 No, Quotex is not legal in Bangladesh because it is not licensed by BSEC, its fixed-time trading is treated as gambling by Bangladesh Bank, and depositing money to the broker violates Bangladesh’s Foreign Exchange Regulation Act.

In this article, we’ll break down why Quotex is not allowed to operate in Bangladesh, why binary options trading itself is not authorized under the country’s financial laws, and why you, as a trader, are breaking the law by depositing money to Quotex.

Online Trading Laws in Bangladesh

Before we explain why Quotex is illegal in Bangladesh, it’s important to understand the laws that apply to binary options and how online trading is regulated in the country.

The legal status of any online trading platform in Bangladesh depends on three main entities:

  • Bangladesh Securities and Exchange Commission (BSEC): Regulates capital markets and securities.
  • Bangladesh Bank (BB): Oversees foreign exchange and monetary policy under the Foreign Exchange Regulation Act, 1947.
  • Bangladesh Telecommunication Regulatory Commission (BTRC): Controls digital communications infrastructure, including the blocking of unauthorized websites and mobile apps that violate national law.

Here are relevant laws that apply to binary options trading:

  • Only BSEC‑licensed brokers can operate legally in Bangladesh, and they must follow Bangladesh Bank’s foreign exchange rules and the country’s core financial laws, including the Securities and Exchange Commission (Amendment) Act, 2020, and the Foreign Exchange Regulation Act (FER), 1947.
  • You can only trade in instruments that are officially listed on the Dhaka Stock Exchange (DSE) or the Chittagong Stock Exchange (CSE).
  • According to FER (1947), Bangladeshi residents are not allowed to send money abroad for speculative or unauthorized investments.
  • The Gambling Act of 1867, reinforced by recent High Court orders banning online betting and gambling apps, also applies to digital financial speculation.

Why is Quotex Illegal in Bangladesh?

Here are three reasons why Quotex is illegal and how the broker fits into the current regulatory framework of online trading in Bangladesh:

1. Quotex’s Fixed-Time Trading is Considered Gambling

Quotex is a binary options broker (more commonly called fixed-time trading or FTT), which is widely treated as a form of digital gambling, not a regulated financial investment in Bangladesh. This is because of two key factors:

  1. Fixed time trading is highly speculative, as the ultra-short durations (like 5-60 seconds) you can make on Quotex make the outcome based on random chance, not skillful technical or fundamental analysis.
  2. Quotex and all other binary option brokers offer an unfair payout structure where you risk 100% of your investment to win a lesser amount, typically 20-93% of your bet. So you need to win more than 55-60% of your trades just to break even, which is a very hard task even for experienced traders.

The Public Gaming Act, 1867 and recent High Court directives authorized the government to block apps promoting illegal betting schemes, placing Quotex at risk of future bans.

Key takeaway: Binary options trading is not considered a real, regulated financial product in Bangladesh, so no BSEC-regulated broker is allowed to offer it.

2. Quotex is Not Licensed by the BSEC License

Under the Securities and Exchange Commission (Amendment) Act, 2020, only BSEC-licensed entities can legally offer investment services in the country. Since Quotex does not hold a BSEC licence, it’s an unauthorized trading platform in Bangladesh.

Quotex Bangladesh trading platform

Despite being an unauthorized trading platform, Quotex is actively promoted in Bangladesh with a dedicated Bangla webpage under qxbroker.com/bn and offering local deposit methods, clearly violating Bangladeshi online trading laws. Many traders in Bangladesh can still access Quotex through VPNs or mirror links, but you have to understand that the lack of BSEC regulation means you can lose your funds without legal help from the government.

3. Sending Money to Quotex Violates Foreign Exchange Laws

Finally and most importantly for you as a trader, sending money to Quotex violates the Foreign Exchange Regulation Act, 1947, which governs all international financial transfers in Bangladesh. Even if Quotex is accessible and accepts Bangladeshi traders, transferring funds to the platform is considered an unauthorized remittance and a direct violation of foreign exchange law.

The Bangladesh Bank (BB) has instructed financial institutions to monitor and block payments related to unlicensed financial platforms, especially those involving gambling-like or high-risk trading products such as binary options. Local banks and e-wallet providers are obligated to freeze suspicious transactions, block cards, and report illegal remittances under anti-money laundering (AML) rules.

In practice, many Bangladeshi traders report rejected deposits, frozen wallets, or even full account bans after trying to fund offshore brokers like Quotex. These enforcement actions may not happen instantly, but once your transaction is reported or audited, you may face serious financial and legal consequences, including being blacklisted from your bank or e-wallet.

Does depositing crypto to Quotex bypass forex restrictions in Bangladesh?

No, using cryptocurrency to fund your Quotex account does not make the transaction legal because the Bangladesh Bank regulations do not authorize cryptocurrency exchanges or platforms. The bank strictly prohibits virtual assets or blockchain-based tokens as acceptable forms of e-money and only allows fiat currency from regulated financial institutions and Dedicated E-Money Issuers (DEMIs).

Bangladesh has one of the strictest anti-crypto policies in Asia, so crypto wallet addresses, exchanges, and IP addresses are traceable, and enforcement is increasing. Similar to local payment methods, you could still face account bans, wallet shutdowns, or criminal investigations if you’re found violating FER and AML laws using crypto.

What are the Legal Alternatives for Quotex in Bangladesh?

If you are looking for legal alternatives to Quotex, only BSEC-licensed brokers are your fully legal options under Bangladeshi trading laws. However, BSEC-licensed brokers do not offer binary options, global assets, or high-leverage products, which is probably what you are looking for.

If you are interested in Quotex for fast and high profits of binary options, BSEC brokers won’t meet your expectations because they are focused on long-term investing through traditional assets in the Bangladeshi market.

Conclusion

Quotex is illegal in Bangladesh because its binary options trading product is considered prohibited gambling, the platform has no BSEC license, and funding real money to your account violates the Foreign Exchange Regulation Act, 1947.

Bangladeshi traders must understand that the online trading restrictions discussed above are not just about Quotex, as no offshore binary options broker is currently authorized to operate in the country. Binary options trading is illegal in Bangladesh, and if you deposit money to your Quotex account, you are not protected by BSEC and BB, as you are directly violating foreign exchange rules.

So if you want to trade online legally, your only compliant path is using BSEC-licensed stockbrokers that operate within Bangladesh’s official financial system.


» If you are looking for a safe and reliable trading platform, we suggest you check out our list of recommended brokers.

Online trading regulation differs by region, so explore our country-specific legality guides below to see how Quotex is regulated in your country:

table of contents
1)
Online Trading Laws in Bangladesh
2)
Why is Quotex Illegal in Bangladesh?
3)
What are the Legal Alternatives for Quotex in Bangladesh?
4)
Conclusion