Quotex Trading Halal or Haram: What Pakistani Traders Should Know

The halal or haram question for Quotex trading is not answered by a single authority in Pakistan. Fixed-time trading involves predicting whether an asset price will rise or fall within a set period. Some scholars treat this as a form of gambling because the outcome depends on chance over a very short window. Others argue that if the trader analyses the market, the trade is a speculative investment rather than pure chance.

Quotex itself does not publish a Shariah ruling or certification for its platform. We found no fatwa or religious opinion on record that specifically names Quotex as halal. This absence of guidance means the decision falls on the individual trader and the scholar they trust.

What we can say factually is that Quotex is a fixed-time trading platform with a minimum trade of $1 and a maximum payout of 98%. The structure of the product is what most scholars examine when they give a ruling on fixed-time trading generally, not on Quotex specifically.

For a Pakistani Muslim, the practical step is to consult a qualified scholar about fixed-time trading as a category, then apply that ruling to Quotex. The platform's lack of a published Shariah position does not make it halal or haram by itself; it simply means the trader must do the religious due diligence independently.

The Quotex app is a real, functioning trading application available for Android, iOS, and web browsers. It is not a fake app in the sense of being a non-working imitation. Traders can deposit funds, place fixed-time trades, and request withdrawals through the platform.

However, 'real or fake' is a different question from 'safe or authorised'. A platform can be technically real and still operate without regulatory approval in a given country. Quotex holds no licence in any register we read. That is a factual gap, not a rumour.

The app's minimum deposit is $10, and the minimum trade size is $1. These are low entry points, which makes the platform accessible but does not change its regulatory standing. The payout ceiling of 98% is also real and published by the platform.

For a Pakistani user, the app will install and run. The risk is not that the app is fake software; the risk is that the company behind it has no recognised licence and has been named by the SECP as unauthorised. Those are two separate things, and both matter.

In April 2025, the Securities and Exchange Commission of Pakistan issued a press release naming Qxbroker, which operates as Quotex, as an unauthorised platform. The SECP referred the matter to the FIA, the PTA, and Google. This is the most important legal fact on this page.

The SECP licenses securities and futures brokers of the local exchanges. It does not license offshore forex and fixed-time platforms. Quotex falls into the second category. Being unlicensed by the SECP does not automatically make a platform illegal under every Pakistani law, but it does mean the platform has no regulatory permission to offer its services to Pakistani residents.

The referral to the PTA suggests that access to the platform may be restricted at the network level. The referral to Google suggests that the app's availability on app stores is also under review. The referral to the FIA indicates that the matter is being treated as a potential cybercrime or financial fraud issue.

For a Pakistani trader, the practical position is that Quotex is not authorised by the SECP and has been publicly named by the regulator. Whether a court would rule the platform illegal is a separate matter, but the regulator's position is clear and on record.

Quotex accepts deposits through several routes that Pakistani traders commonly use. Bank transfer is available through any local bank, using 1LINK or Raast. Mobile wallets such as JazzCash and Easypaisa are usually offered through a payment partner. Visa and Mastercard are accepted, subject to your bank's international transaction limit. USDT is also an option, usually on the TRC-20 network, and is often the fastest route when a card is declined.

The minimum deposit on Quotex is $10. In Pakistani rupees, the exact amount depends on the exchange rate on the day of the deposit. The platform does not publish a fixed PKR conversion rate, and the final amount credited to the trading account may differ from the amount sent after conversion and any intermediary fees.

Withdrawals follow the same routes in reverse. A trader who deposits via USDT will typically withdraw via USDT. A trader who deposits via a mobile wallet may be asked to withdraw to the same wallet. Quotex does not publish a guaranteed withdrawal processing time, and we hold no data on average payout speeds for Pakistani users.

The currency of the trading account is the US dollar, not the rupee. This means every deposit and withdrawal involves a currency conversion step. The Federal Board of Revenue is the tax authority in Pakistan, and any income from trading is the trader's responsibility to declare. Quotex does not withhold Pakistani tax.

Quotex ranks third on our comparison table, but that rank reflects a mix of features, not regulatory strength. On payout, Quotex offers up to 98%, which is higher than Pocket Option at 92%, IQ Option at 95%, Olymp Trade at 95%, and Expert Option at 95%. Deriv offers up to 100%, the highest on the table.

On licensing, the picture is different. Deriv holds licences from the MFSA, Labuan FSA, and VFSC. Pocket Option holds a licence from MISA in Mwali. IQ Option holds a CySEC licence for the EEA. Olymp Trade holds a VFSC licence and is a Financial Commission member. Expert Option is a Financial Commission member.

Quotex holds no licence in any register we read. Exnova also holds none, and BinaryCent and IQcent hold none either. Among the unlicensed brokers, Quotex has no regulator warnings on record with us, while BinaryCent has been flagged by the VFSC, the CFTC, the AMF, and the FMA of New Zealand, and IQcent has been flagged by the FCA and Consob.

For a Pakistani trader, the comparison matters because the SECP does not license any of these offshore platforms. A broker with a foreign licence is still not licensed in Pakistan. A broker with no licence anywhere, like Quotex, carries an additional layer of uncertainty that a foreign-licensed broker does not.