6 minute read
Quotex Withdrawal Problem Today in India: What’s Really Going On?
from QUOTEX
If you're an Indian trader using Quotex and facing withdrawal problems today, you're not alone. Many users across India are reporting delayed withdrawals, rejected transactions, or unexplained pending statuses. This article goes straight to the point: we’ll explain why these issues are happening, what you can do immediately, and how to protect your funds going forward.
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What's the Current Withdrawal Issue with Quotex in India?
As of today, several Indian users have reported issues like:
· Withdrawals stuck on “Pending” for days
· Transactions showing “Successful” but not reflected in bank accounts
· Errors during UPI or Paytm withdrawal attempts
· Rejections without clear explanations
· Support delays or no response
These issues are not universal, but they’re widespread enough to raise concerns about platform reliability, payment gateway bottlenecks, and possible compliance issues in India.
Is Quotex Banned or Blocked in India?
No, Quotex is not officially banned in India, but it's important to understand its regulatory gray area.
Quotex operates under Awesomo Ltd., registered offshore. It is not regulated by SEBI (Securities and Exchange Board of India), which means it is not officially authorized to offer binary trading services in India.
Due to this lack of regulation, banks and payment gateways in India sometimes flag transactions to/from Quotex, especially during periods of heightened scrutiny or technical changes.
Why Are Withdrawals Failing Today?
Several potential reasons could be causing today's withdrawal issues:
1. Banking Restrictions and Scrutiny
In recent months, the Indian government and RBI have increased their monitoring of overseas binary and forex platforms. This has led to:
· Banks rejecting withdrawals labeled as “suspicious”
· UPI providers blocking payments from international apps
· Increased KYC/AML checks on digital transactions
2. Quotex Payment Processor Issues
Quotex uses third-party payment aggregators to process Indian withdrawals via:
· UPI
· Paytm
· Bank transfer
· Crypto
If one of these payment processors is down, overloaded, or blocked, withdrawal failures will happen in bulk.
3. Platform-Level Bugs or Internal Audits
Quotex occasionally places temporary holds on withdrawals for:
· KYC re-verification
· Suspected fraud (multiple accounts, arbitrage)
· High withdrawal volumes during market volatility
· System upgrades or technical glitches
This is likely if your withdrawal is pending for more than 24 hours without rejection or approval.
4. Mismatch in Account Details
Incorrect or mismatched information like:
· Different name on UPI vs. Quotex account
· Non-KYC-compliant Paytm wallet
· Expired or blocked bank account
...can cause withdrawals to silently fail or be rejected without explanation.
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What to Do If Your Quotex Withdrawal Is Stuck Today
Here’s a step-by-step guide to resolving the issue:
Step 1: Recheck Your Payment Method
· Make sure your UPI ID is valid and active
· If you’re using Paytm, ensure it’s KYC-verified
· If it’s a bank account, confirm it’s operational and under your name
· Avoid shared wallets or third-party bank accounts
Step 2: Check Quotex Withdrawal Status Page
· Go to your Transaction History on Quotex
· Look for “Pending,” “Rejected,” or “Processed”
· Take screenshots of status and timestamps
Step 3: Contact Quotex Support
Use these channels:
· Live Chat on the Quotex site (response within hours or days)
· Email: support@quotex.io (response usually in 24–72 hours)
· Send them:
o Your User ID
o Transaction ID
o Screenshot of your withdrawal
o UPI ID / Bank details used
Step 4: Try an Alternate Withdrawal Method
If UPI or Paytm isn't working:
· Try withdrawing to a bank account
· Use crypto withdrawals (like USDT, BTC), which are often faster and not subject to Indian payment restrictions
· Note: Crypto wallets must be KYC-compliant (e.g., Binance, Trust Wallet)
Step 5: Escalate If Delayed Over 5 Days
If your withdrawal is stuck for more than 5 business days and you’re getting no help, consider:
· Posting your issue on Reddit, Twitter, or Trading forums
· Commenting on Quotex’s social channels to get visibility
· Contacting your bank to check if they blocked the transaction
· Filing a complaint with India’s Cyber Crime Portal if you suspect fraud
Is Quotex Safe for Indian Users in 2025?
Here’s the reality:
· Quotex is not illegal, but also not regulated in India
· If anything goes wrong, you can’t get legal help from SEBI or RBI
· Many traders have used Quotex successfully, but there’s no guarantee of fund safety
So: use it at your own risk. Don’t invest money you can’t afford to lose.
Tips to Avoid Withdrawal Problems on Quotex in India
If you plan to continue using Quotex, follow these best practices:
✅ 1. Always Verify KYC
Ensure your Quotex profile, wallet, and bank account names match exactly. Avoid using wallets under someone else’s name.
✅ 2. Keep Withdrawal Amounts Below ₹20,000
Larger withdrawals tend to get flagged more often. Small, frequent withdrawals are safer.
✅ 3. Use Crypto as a Backup
Set up a crypto wallet as your secondary withdrawal method. It’s usually faster and not blocked by Indian banks.
✅ 4. Avoid Weekends and Holidays
Quotex support and payment processors may have limited working hours. Withdraw Monday–Thursday for fastest processing.
✅ 5. Don’t Use VPN During Withdrawals
Even though many use VPNs to access Quotex, withdrawing while connected to a non-Indian IP might trigger fraud checks.
Real User Reports: Today’s Quotex Withdrawal Issues in India
Here’s a snapshot of what some Indian users are saying:
· “My UPI withdrawal says ‘Processed’ but money hasn’t reached my bank in 2 days.”
· “Support keeps asking for patience, but it’s been 5 days now.”
· “I switched to USDT and the payment came in 2 hours. Never using UPI again.”
· “They rejected my Paytm withdrawal saying ‘wallet unverified’ even though I did full KYC.”
These examples reflect the importance of choosing reliable withdrawal channels and staying updated with user experiences.
Should You Continue Trading on Quotex from India?
Pros:
· Easy to use interface
· Quick deposit options
· High returns in short timeframes
· Crypto withdrawals available
Cons:
· No SEBI or RBI protection
· Frequent withdrawal delays
· Unreliable support
· High risk of sudden regulation crackdowns
If you're a beginner or trading with significant capital, it’s better to consider SEBI-regulated alternatives like:
· Zerodha
· Angel One
· ICICI Direct
· Upstox
They don’t offer binary options, but they are fully legal and safe for long-term trading.
Conclusion: Be Cautious, Stay Informed
The Quotex withdrawal problem today in India is real, frustrating, and mostly caused by a mix of payment restrictions, regulatory ambiguity, and internal platform delays. While some users get their money after a few days, others experience complete silence.
If you're stuck, don’t panic — follow the steps above, and consider using crypto withdrawals for a smoother experience. Long term, if you’re serious about trading, you may want to switch to a fully regulated platform.
Trading involves risk, but with unregulated platforms, even withdrawing your profits becomes a gamble.
💥 Trade with QUOTEX now: Open An Account or Visit Brokers 👈
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