7 minute read
Does Quotex Give Withdrawal? A Comprehensive Guide
from QUOTEX
Yes, Quotex does give withdrawals. If you're using Quotex for trading binary options and are wondering whether you can withdraw your funds, the short and honest answer is: absolutely yes. But there’s more you need to understand about how the withdrawal process works, how long it takes, which methods are available, and what potential issues to watch out for.
This guide explains everything you need to know to make a successful withdrawal from Quotex without headaches.
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What Is Quotex?
Before diving deeper into the withdrawal process, here’s a quick refresher for those who are new.
Quotex is a digital options trading platform launched in 2020 by Awesomo Ltd. It offers a simplified way to speculate on asset price movements including currencies, cryptocurrencies, stocks, and commodities. Its appeal lies in the fast-paced nature of binary options, clean user interface, and low minimum deposit.
But while trading platforms may look sleek on the surface, one critical question every trader asks is: “Can I really get my money out when I want to?”
Let’s break it down.
How Withdrawals on Quotex Actually Work
Quotex allows withdrawals to be made from your real account balance, not from demo or bonus funds unless specific conditions are met. You can request a withdrawal once you have funds available in your real account (i.e., money you've deposited and profits you've earned from trades).
Here’s how the withdrawal process works in practice:
1. Go to the Withdrawal Section
Log in to your Quotex account, then:
· Click on your profile or balance
· Select Withdraw Funds
2. Choose a Withdrawal Method
You’ll be presented with several withdrawal options depending on your country and currency. Common methods include:
· Bank transfer
· E-wallets (Skrill, Neteller, Perfect Money)
· Cryptocurrency (Bitcoin, Ethereum, Tether)
· Local payment systems (available in certain countries)
💡 Note: Credit/debit card withdrawals are generally not supported, as Quotex does not accept card deposits either.
3. Enter Withdrawal Details
Fill in the amount you wish to withdraw and provide any necessary payment information (like a wallet address for crypto or account number for bank transfer).
4. Confirm and Wait
Once submitted, your request enters the processing queue.
How Long Does a Withdrawal Take from Quotex?
Quotex states that most withdrawals are processed within 1 to 5 business days. However, the actual speed depends on several factors:
· Method chosen: Crypto and e-wallet withdrawals are usually faster (often within a few hours).
· Verification status: If your account is not verified, delays are very likely.
· Time of request: Requests made on weekends or holidays may be processed on the next business day.
From user reports, crypto withdrawals tend to be the fastest, sometimes taking less than an hour. Bank transfers, especially international ones, might take the full 5 business days.
Minimum Withdrawal Amount on Quotex
The minimum withdrawal amount varies depending on the method used:
· Crypto: Typically around $10
· E-wallets: $10 to $50
· Bank Transfer: May require $50 or more
There are no withdrawal fees charged by Quotex itself, but third-party providers (like your bank or blockchain networks) might apply transaction fees.
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Is Verification Required to Withdraw?
Yes, and this is very important. You must complete account verification before large or frequent withdrawals. Quotex may ask for:
· A government-issued ID (passport, driver’s license)
· A proof of address (utility bill, bank statement)
· A selfie or live photo
If you don’t verify when requested, your withdrawal may be delayed or even denied until documents are submitted.
To avoid unnecessary issues, it’s best to verify your account right after registration or your first deposit.
Are There Limits to Withdrawals?
There is no strict maximum withdrawal limit per transaction, but high-volume traders may be subject to additional scrutiny or daily limits. Quotex might process large withdrawals in chunks, depending on liquidity and method.
There are also limits tied to how much you deposited and your account activity. For instance, trying to withdraw funds right after a large deposit without trading may trigger a review for anti-money laundering (AML) purposes.
Can You Withdraw Bonus Funds?
Quotex often provides deposit bonuses, but you can’t withdraw bonus money directly. Bonus funds must be traded a specific number of times (usually with a required turnover or volume) before you can withdraw any profits made from them.
If you try to withdraw early, the bonus may be forfeited.
✅ Tip: Always check the bonus terms and conditions before accepting any offers. You can opt out of the bonus when making a deposit if you prefer to avoid restrictions.
Common Withdrawal Issues and How to Fix Them
While Quotex generally processes withdrawals reliably, users do occasionally encounter issues. Here are some common problems and how to resolve them:
1. Withdrawal Still Pending After 5 Days
· Check if your account is fully verified.
· Ensure your withdrawal method is correct.
· Contact Quotex support via live chat or email.
2. Withdrawal Rejected
· Your payment info may have been incorrect.
· Your account may have triggered fraud checks.
· There may be unresolved issues with bonus terms.
Fix: Reach out to support for clarification. You may need to provide updated documentation or clarify your deposit/withdrawal source.
3. Didn’t Receive Funds
· For crypto: Check the blockchain explorer with the transaction hash.
· For bank: Ask for a transaction receipt from Quotex and check with your bank.
Fix: If the issue persists after verification, escalate with a detailed support ticket.
Is Quotex Safe and Legit for Withdrawals?
Based on a wide range of user feedback, Quotex appears to be generally reliable when it comes to withdrawals, provided all requirements are met. The platform is not a scam, but it isn’t regulated by top-tier authorities like the FCA or CySEC. Instead, it’s registered with the IFMRRC (an independent regulatory body, not a government regulator).
That said, Quotex has built a positive reputation in many countries, especially among beginner traders. It hasn’t been associated with major scandals or mass withdrawal issues as of this writing.
Still, because it's offshore and unregulated, always practice caution:
· Don’t deposit more than you can afford to lose.
· Withdraw profits regularly.
· Keep your account verified and secure.
Can You Withdraw Without Trading?
Yes — if you’ve made a deposit but haven’t traded yet, you can still request a withdrawal. However, Quotex may deduct a commission or fee to cover processing costs or apply AML rules. Inactive accounts may also face fees.
Tips for Smooth Withdrawals on Quotex
To make sure your withdrawal experience goes smoothly:
1. Use the same method for deposit and withdrawal to avoid flags.
2. Verify your account early to avoid delays later.
3. Avoid using VPNs or proxy IPs which can trigger security alerts.
4. Don’t accept bonuses unless you understand the terms.
5. Withdraw small amounts first to test your preferred method.
Final Verdict: Quotex Does Allow Withdrawals — But Be Prepared
Quotex does give withdrawals — that’s a fact. Most traders receive their funds within a reasonable timeframe, especially when using crypto or e-wallets. However, just like any trading platform, the ease and speed of withdrawal depend on how well you follow the platform’s rules, complete verification, and avoid common mistakes.
If you’re thinking of starting with Quotex, it's a solid option for low-budget traders who understand the risks of binary options. But always test withdrawals early and often, and never leave large balances idle on the platform.
Summary:
· Yes, Quotex allows withdrawals from real account funds.
· Processing times range from a few hours to 5 business days, depending on the method.
· Verification is required, especially for larger withdrawals.
· Crypto and e-wallets are the fastest methods.
· Bonus funds have restrictions, and profits from them may not be immediately withdrawable.
· Always withdraw profits regularly and keep your account in good standing.
If you're smart and cautious, withdrawing from Quotex should not be a problem.
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