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How to Cancel Withdrawal Request in Quotex
How to Cancel Withdrawal Request in Quotex
When trading online, sometimes plans change. Maybe you entered the wrong withdrawal method, maybe you typed the wrong amount, or perhaps your strategy shifted and you now want to reinvest. Whatever the reason, many traders eventually ask: how to cancel withdrawal request in Quotex?
This guide will show you exactly when and how a withdrawal request can be canceled on Quotex, what the limits are, and what to do if it’s already being processed. Whether you're new or experienced, this is a key function you need to master. 🎯
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💡 Is It Possible to Cancel a Withdrawal in Quotex?
The short answer: Yes, but only under certain conditions.
Quotex allows you to cancel a withdrawal request only before it is processed. Once the request is approved and sent to the payment provider (bank, e-wallet, crypto, etc.), it’s no longer reversible. So, the window to act is short.
That’s why it's crucial to check your withdrawal details right after submitting the request. If you notice a mistake, act fast!
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🛠️ How to Cancel Withdrawal Request in Quotex – Step-by-Step
If you’ve just requested a withdrawal and realized you need to cancel it, here’s what to do:
Step 1: Log in to your Quotex accountUse your credentials to sign in at Qxbroker via desktop or mobile app.
Step 2: Go to the “Finance” sectionClick on your profile picture or avatar in the top right, and select “Finance”, then “Transaction History” or “Withdrawals”.
Step 3: Look for the pending withdrawalIf your withdrawal status shows “Pending”, you can still cancel it.
Step 4: Click “Cancel” or “Revoke Request”If available, there will be a button next to the pending withdrawal. Tap it and confirm cancellation.
✅ Once canceled, the amount will return to your Quotex account balance instantly.
⚠️ When Is It Too Late to Cancel?
You can only cancel if the request is still marked as pending. Once the status changes to:
Processing
Approved
Completed
…it means the funds are already on their way and you cannot reverse it anymore.
If you still try to contact support at this stage, they’ll likely reply with:
“We regret to inform you that the request has already been processed and cannot be canceled.”
Timing is everything here. ⏱️
🧠 Why Would You Want to Cancel a Withdrawal?
Here are the most common reasons traders cancel a request:
Mistyped withdrawal amount
Wrong wallet or bank account info
A new trading opportunity arises
Account needs to be re-verified
Switching to a faster or cheaper withdrawal method
In any case, how to cancel withdrawal request in Quotex becomes a valuable tool in your trading toolkit.
🔁 What Happens After Cancellation?
Once you cancel a pending withdrawal:
The funds are credited back to your Quotex balance immediately
You can create a new withdrawal request, update info, or continue trading
There’s no penalty or fee for cancellation
💡 Canceling a withdrawal doesn’t affect your account status or performance—it’s simply a feature to give you more control.
🔒 Safety Tips Before Canceling or Re-Requesting
If you're about to cancel a withdrawal request in Quotex, here are a few quick tips to keep in mind:
Make sure you're canceling for the right reason
Confirm your new withdrawal destination is correct before re-submitting
Avoid repeated cancellations—too many could trigger fraud checks
Always keep two-factor authentication enabled for extra protection
Be aware of withdrawal cut-off times in your country
Also, not all brokers offer this flexibility. For maximum control, check out Best binary option platforms with advanced fund management tools.
📲 Can You Cancel Withdrawals from the Mobile App?
Yes! If you're using the Quotex app, the process is just as easy:
Open the app
Tap on your account or wallet icon
Go to Finance > Withdrawals
Tap the “Cancel” button if the request is still pending
Just like on desktop, once the status updates to "Processing" or "Completed," cancellation is no longer possible.
🌍 Does Every Country Support Withdrawal Cancellation?
The ability to cancel is a universal feature on Quotex—it's not restricted by region.
However, speed of processing may vary by country and withdrawal method. For example:
Crypto withdrawals may process faster than bank transfers
E-wallets like Skrill or Mpesa may auto-approve within minutes
So if you're withdrawing in high-speed payment zones, your cancel window may be very short.
Looking for more flexibility? These Best binary brokers offer customizable payout settings and better timing controls.
✅ Expert Advice on Managing Withdrawal Requests
To avoid needing cancellations in the first place, follow this professional routine:
Double-check your payment address and amount
Only withdraw when you’re sure you won’t need the funds for trading
Set reminders for verification or documentation expiration
Keep your payout preferences updated in your account settings
If unsure, test small withdrawals first
🎯 Smart traders treat withdrawals with the same discipline they use on charts.
🔎 10 Most Asked Questions About Canceling Withdrawal on Quotex
1. Can I cancel a withdrawal after it’s been approved?
No. Only pending withdrawals can be canceled.
2. Will the money return to my Quotex balance?
Yes, canceled funds return instantly to your main trading balance.
3. How fast must I act to cancel a request?
Ideally within a few minutes of placing it. Delays reduce your chances.
4. What if there is no cancel button?
The request is likely already processing or completed. Contact support only if in doubt.
5. Does Quotex charge a fee for cancellation?
No. Cancellation is free, and there’s no penalty.
6. Can I re-submit the request with new details?
Yes. Once canceled, you can create a new withdrawal request immediately.
7. Can I cancel a withdrawal from the mobile app?
Absolutely. It works the same as on the desktop platform.
8. Can I cancel a crypto withdrawal?
Only before it's processed. Crypto often moves fast, so act quickly.
9. Is this available for all users worldwide?
Yes. Every verified Quotex account has access to the cancel feature, regardless of region.
10. What happens if I cancel multiple times in one day?
Too many cancellations may trigger a review or temporary block for security reasons. Use this feature responsibly.
Final Thoughts 🎯
Learning how to cancel withdrawal request in Quotex is more than just a convenience—it’s a crucial risk management skill.
Markets change fast. You might spot a new opportunity, or realize you made an error. Canceling your withdrawal gives you the power to adjust instantly without losing valuable time or money.
That’s what smart traders do. They stay in control.
And if you’re looking for brokers that offer faster, more flexible withdrawal management, don’t miss these:
Take charge of your funds. Stay flexible. Trade like a pro. 💼💸
