The Brazil Securities Commission (CVM) issued an order requiring Maxbit LLC, operating under the Quotex brand, to immediately suspend public offers of securities intermediation services aimed at clients in Brazil, and warned the capital markets and the general public about the firm’s activities. CVM’s Market Relations and Intermediaries Superintendence identified indications that the company, allegedly based in Saint Vincent and the Grenadines, was seeking to attract Brazilian residents via the websites https://quotexcorretora.com and https://qxbroker.com/pt to conduct securities transactions. Maxbit LLC is not authorised by CVM to intermediate securities or to raise investor funds for application in securities, and the measure was formalised through CVM Declaratory Act 24,483.
Brazil Securities Commission (CVM) 2025-12-05
Brazil Securities Commission orders Maxbit LLC to immediately halt unlicensed securities intermediation offers under the Quotex brand
The Brazil Securities Commission (CVM) ordered Maxbit LLC, operating as Quotex, to halt public offers of securities intermediation services in Brazil. CVM identified that the firm, allegedly based in Saint Vincent and the Grenadines, was targeting Brazilian clients without authorization. This action was formalized through CVM Declaratory Act 24,483.