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How to Withdraw Money from Quotex to Bank Account
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🛠️ How to Withdraw Money from Quotex to Bank Account – Step by Step
So, you’ve made some profits on Quotex. Now, here’s exactly what you need to do to get that money into your bank.
Step 1: Start by logging into your Quotex account using your email and password. You can do this on either desktop or the mobile app.
Step 2: Before you can withdraw to a bank, you must complete the full verification process. This includes uploading a valid photo ID and proof of address. Quotex only allows bank withdrawals from verified accounts to comply with anti-money laundering regulations.
Step 3: Once you're verified, go to the “Finance” section, then select “Withdraw Funds”.
Step 4: From the list of available withdrawal methods, choose Bank Transfer. If it’s not visible, your country might not be supported yet. Try contacting support for confirmation.
Step 5: Now, enter your full bank account details. This includes the account holder’s name (which must match your Quotex account), bank name, account number or IBAN, SWIFT/BIC code, and the bank’s address. Double-check every detail to avoid failed transactions.
Step 6: Enter the amount you'd like to withdraw. Quotex usually requires a minimum of $50 for bank transfers, though this may differ slightly depending on your location.
Step 7: Confirm the withdrawal. You may be prompted to enter a verification code sent to your registered email or phone. After confirmation, you’ll see a status update showing your withdrawal is being processed.
⏱️ How Long Does It Take?
Bank withdrawals aren’t instant—but they’re dependable. Once you’ve submitted the request, Quotex typically processes it within 1 to 3 business days.
After that, your bank needs time to receive and credit the funds. Most local or international transfers arrive within 2 to 7 business days, depending on your country, banking hours, and weekends.
If you're in a region with strong banking infrastructure, your money may even arrive faster. 💸
💰 Are There Fees for Bank Withdrawals?
Now let’s talk cost. While Quotex itself usually doesn’t charge a withdrawal fee for bank transfers, your bank may apply charges.
The amount depends on your bank’s policy. In some cases, banks deduct $10 to $30 for international incoming transfers. If currency conversion is involved—say, from USD to INR, NGN, or IDR—your bank may apply its own exchange rate and markup.
It’s best to contact your bank directly to confirm expected charges. If you prefer platforms with lower fees, check out this list of the Best binary option brokers.
🔐 Is It Safe to Withdraw Money from Quotex to Bank?
Yes, and here’s why:
Quotex is a reputable broker that uses encryption, verification layers, and strict identity checks to protect user accounts. When combined with the security protocols of regulated banks, bank transfers are one of the most secure ways to move your money.
However, always ensure you’re entering correct bank information and never share your Quotex password with anyone. Enable two-factor authentication for added protection.
✅ Your name on the bank account must match your Quotex profile, or the withdrawal will be rejected.
❌ Common Problems (And How to Solve Them)
While how to withdraw money from Quotex to bank account is a straightforward process, there are a few potential hiccups:
If your withdrawal is rejected, it’s often because of an error in the bank account details or a mismatch between your name on Quotex and your bank.
If the withdrawal is delayed, wait at least 7 business days before contacting support. Banks and intermediaries may take time to process.
If the funds arrive short, your bank may have deducted international transfer fees. This is normal and not caused by Quotex.
Always monitor your email for updates from Quotex during the process.
📲 Can I Withdraw from Quotex to Bank Using the Mobile App?
Absolutely. The Quotex mobile app offers full functionality for withdrawals. Here’s what to do:
Open the app and go to the menu
Tap on Finance, then Withdraw
Select Bank Transfer
Input your bank details and confirm the amount
Your request will be submitted, and processing begins immediately. The mobile app is perfect for on-the-go trading and finance management. ✅
🌍 Is Bank Withdrawal Available in All Countries?
Not all countries support bank withdrawals through Quotex. Some regions have strict financial regulations, which may limit direct transfers.
In these cases, Quotex may recommend using an e-wallet or crypto wallet instead. You can also explore other platforms with more flexible payout methods in your country by reviewing the Best binary brokers.
If bank transfer is not available, don’t panic—alternative options may even be faster or cheaper.
🔁 Can You Cancel a Withdrawal Once Requested?
Once a bank withdrawal is approved and sent, you cannot reverse or cancel it. However, if you made an error and the status still shows “Pending,” you can try contacting Quotex support quickly to stop the process.
If the money has already been processed, and the bank info is wrong, the funds may either bounce back or be lost permanently. That’s why it’s critical to review everything before confirming.
🔎 10 Questions and Answers – Bank Withdrawals from Quotex
1. What’s the minimum amount to withdraw to a bank account?
Usually $50 or more, but can vary based on your country and bank.
2. How long does it take to receive the money?
Between 2 and 7 business days after submitting your request.
3. Can I withdraw to someone else’s bank account?
No. Quotex only allows withdrawals to accounts in your own name.
4. What if I enter incorrect bank details?
Your withdrawal will fail, and funds may return or be lost. Always double-check.
5. Are there any fees?
Quotex usually charges no fee, but your bank might deduct receiving and conversion charges.
6. Can I withdraw in local currency?
Yes. Your bank will convert USD to your local currency using its exchange rate.
7. Is bank withdrawal safer than using crypto?
It’s more regulated and stable, especially if you prefer traceability and fiat money.
8. What if my money doesn’t arrive after 7 days?
Contact Quotex support with your transaction ID and then check with your bank.
9. Is this method available in India, Nigeria, Pakistan, etc.?
Yes, but availability varies. If not listed, Quotex will suggest alternate methods.
10. Can I withdraw using the Quotex mobile app?
Yes. The entire process is supported on mobile, and it’s just as secure as desktop.
Final Thoughts 🎯
Understanding how to withdraw money from Quotex to bank account is key to unlocking your trading profits. While it may not be as fast as crypto or e-wallets, bank transfers offer unmatched peace of mind for those who want traceable, secure, and regulated payouts.
As a professional trader, don’t just focus on entry and exit points—focus on how you get paid. Master your withdrawals, avoid common mistakes, and you’ll keep more of your hard-earned profits in your pocket.
And if you ever feel the need for more advanced platforms, always explore the:
Stay in control, trade smart, and withdraw wisely. 💼💸
