SEBI
Quotex is not registered with the Securities and Exchange Board of India. Indian binary-options regulation is still developing and online derivatives traded with offshore brokers fall outside SEBI's current scope.
The short answer — Quotex is accessible but unregulated in India
Quotex is an international online trading broker registered offshore. It accepts traders from India, Bangladesh, Pakistan and 130+ other countries. India does not have a specific law that bans offshore online derivatives trading, but Quotex is not regulated by SEBI. Indian traders use the platform at their own discretion and are responsible for declaring profits under the Income Tax Act.
Quotex regulation status in India
Where Quotex stands with Indian regulators — and what it means for you as a trader.
RBI & FEMA
Under the Liberalised Remittance Scheme, Indian residents can remit up to USD 250,000 per year for permitted purposes. Sending funds abroad explicitly for margin trading is grey-area — most Indian traders use UPI, INR e-wallets or cryptocurrency to stay clear of FEMA friction.
Taxation
Quotex profits are usually reported as Income from Other Sources (or business income for active traders). They are taxed at your applicable slab rate — most Indian traders fall in 30% plus surcharge and cess. Always consult a chartered accountant for personalised advice.
KYC & safety
Quotex runs its own KYC: a clear photo ID and an address proof are required before your first withdrawal. Funds are held in segregated accounts and all sensitive traffic is end-to-end encrypted.
Indian payment methods on Quotex
Practical ways Indian traders deposit and withdraw on Quotex in INR.
UPI
Instant deposits via PhonePe, Google Pay, Paytm and BHIM. Withdrawals back to the same UPI ID usually settle within 24 hours.
NetBanking & IMPS
All major Indian banks supported. Deposits credit in minutes; withdrawals take 1 to 3 business days.
Cryptocurrency
USDT (TRC-20), Bitcoin and Ethereum — the fastest withdrawal route for verified accounts, often within minutes.
E-wallets
Perfect Money, AdvCash and Jeton work for Indian traders looking for an extra layer of privacy.
Frequently asked questions
Quotex is not banned in India and accepts Indian traders, but it is not regulated by SEBI. Indian traders use Quotex at their own discretion and must declare profits for tax purposes.
Yes. Profits are typically reported as Income from Other Sources or business income under the Income Tax Act and taxed at your slab rate. Always consult a chartered accountant.
Yes. UPI deposits via PhonePe, Google Pay and Paytm are supported and arrive in your Quotex balance instantly.
The minimum deposit is just $10, which is roughly ₹830. The minimum trade size starts at $1.
Quotex uses encrypted infrastructure, segregated accounts and KYC verification before withdrawals. As with any offshore broker, manage your risk and never trade money you cannot afford to lose.