Is Quotex a Scam or Legit? Real Truth & Personal Experience | Trade with Harry

Summary

The presenter discusses whether Quotex is a scam and whether binary options trading is gambling. He says he cannot definitively establish whether Quotex is a scam, but argues that creators who promise to turn $10 into $1,000 create unrealistic expectations.

He says that making ₹5 on ₹100 (5%) through trading is significant. He criticizes claims of 100× returns, reasoning that anyone able to achieve such returns could supposedly scale up rather than sell courses.

The presenter says binary trading is not gambling, citing his own reported profits. This is his personal opinion, not an independently supported conclusion. He also argues that brokers generally earn whether customers win or lose, and may have an incentive to maintain their reputation and continue operating rather than disappear with users’ funds.

Based on his own experience, he says he has used Quotex for some time, made “normal” profits, and successfully withdrawn funds two or three times. He does not provide amounts, dates, or independent evidence of those withdrawals.

He says he plans to deposit a large amount and report whether he can withdraw it. He also promotes his Telegram channel and invites viewers to share their Quotex profit and withdrawal experiences.

Caution: The video’s claims about Quotex’s legitimacy and binary trading are based on the presenter’s personal experience and reasoning. The transcript does not establish the platform’s regulatory status or verify its broader withdrawal reliability.

Instruments and Figures Mentioned

• Platform: Quotex
• Instrument: Binary options
• Other areas referenced: Stock market, real estate, and gambling, in a comparison about broker revenue
• Figures: $10 to $1,000 (100×); ₹100 to ₹5 (5%); three to four years of trading experience; two to three successful withdrawals, according to the presenter

Recommendation and Caution

The presenter advises viewers to avoid videos promising extraordinary returns and to assess such claims critically. The subtitles do not include a formal financial-advice disclaimer.

Presenter and Source

Trade with Harry, speaking from his stated personal trading experience.