6 minute read
Quotex Withdrawal Problem in Pakistan: What’s Really Going On?
from QUOTEX
If you're reading this, you’re likely a Pakistani trader facing issues withdrawing money from Quotex. You're not alone. Over the past few years, a growing number of users in Pakistan have reported delays, rejections, or complete failures when attempting to withdraw funds from their Quotex trading accounts.
Let’s dive straight into why these withdrawal problems happen, what you can do to fix them, and how to safely trade and withdraw from platforms like Quotex in Pakistan.
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Why Is Quotex Withdrawal Failing in Pakistan?
The main reason users in Pakistan are experiencing problems with Quotex withdrawals is regulatory and banking restrictions. Quotex is an offshore binary options trading platform, and it does not have a license to operate in Pakistan. This creates a host of legal, financial, and technical complications, especially around moving funds across borders.
Here are the key reasons behind the withdrawal issues:
1. Illegal Status of Binary Trading in Pakistan
The Securities and Exchange Commission of Pakistan (SECP) has not approved binary options trading platforms like Quotex. While you can access the site using a VPN or even directly at times, banks and mobile wallets in Pakistan are not legally allowed to process payments to or from unregulated platforms.
2. Blocked or Rejected Transactions by Pakistani Banks
Even if Quotex approves your withdrawal request, local Pakistani banks often block the incoming transaction because it’s flagged as suspicious or non-compliant. This is especially true for withdrawals to Visa, MasterCard, or direct bank accounts.
3. Issues With e-Wallets Like Skrill, Neteller, and Perfect Money
Many users try to use third-party wallets to bypass restrictions, but even these come with issues. Some wallets have country-level restrictions or may freeze accounts if they detect usage from Pakistan for binary trading platforms.
4. Fraudulent Agents and Scams
Due to the difficulties in withdrawing, a black market of so-called "withdrawal agents" has emerged in Pakistan. These individuals promise to withdraw funds on your behalf — often for a commission — but many of them are scammers who disappear with your money.
Common Withdrawal Problems Reported by Pakistani Users
Based on direct reports from users on forums and social media (including Facebook groups and Telegram channels), here are the most common withdrawal-related complaints:
· Withdrawal stuck on "processing" for days or weeks
· Money deducted from Quotex but never received in the local bank
· E-wallet accounts frozen after receiving funds
· Quotex support not responding or giving generic answers
· No available withdrawal methods listed for Pakistani users
How to Safely Withdraw From Quotex in Pakistan (Step-by-Step)
While there is no guaranteed way to withdraw money smoothly due to the regulatory environment, some Pakistani users have reported successful withdrawals by following certain strategies. Here's a step-by-step approach that might increase your chances:
Step 1: Use a Reputable E-Wallet
Instead of withdrawing directly to a local bank or card, use wallets like Perfect Money or USDT (Tether) on the TRC-20 blockchain. These methods are less likely to be blocked and give you more control over your funds.
Note: Do not use wallets that are registered in Pakistan. Create an international wallet account (if possible).
Step 2: Withdraw in Small Amounts
Withdraw small amounts under $100 to avoid triggering compliance flags or scrutiny. Most success stories from Pakistani traders involve multiple smaller withdrawals rather than a single large one.
Step 3: Convert Crypto to PKR via Trusted Platforms
If you're withdrawing in crypto (USDT), use local exchanges like Binance P2P, OKX P2P, or LocalBitcoins to convert your crypto to PKR. Look for verified buyers with good ratings.
Step 4: Avoid Using VPN During Withdrawal
Using a VPN while logging into your Quotex account or wallet can sometimes flag your account for suspicious activity, causing withdrawals to be paused. It’s best to use a stable IP and device throughout the process.
Step 5: Contact Quotex Support With Detailed Information
If your withdrawal is stuck or rejected, open a support ticket and include:
· Date of request
· Method used
· Transaction ID
· Screenshot of the wallet/bank sideBe persistent but polite. Sometimes withdrawals are manually reviewed.
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Alternative Trading Platforms With Better Withdrawal Support in Pakistan
If you're tired of dealing with Quotex withdrawal issues, it might be time to switch to a better-supported trading platform. Some platforms that Pakistani users have found more reliable include:
1. Deriv.com
· Regulated and offers forex, binary options, and CFDs
· Accepts crypto and third-party wallets
· Easier withdrawals via USDT and P2P
2. Binance (For Spot/Options Trading)
· Fully crypto-based
· Supports P2P withdrawals in PKR
· Highly reliable and liquid
3. IQ Option (Limited Access in Pakistan)
· Sometimes blocked, but accessible via VPN
· Better support than Quotex
· More withdrawal methods
Important: Always check the legal status of any platform before depositing large amounts of money.
What To Do If You've Already Lost Money or Are Stuck
If you've tried to withdraw and failed, you still have some options:
1. File a Complaint with Quotex Support
Although their support isn’t always responsive, some users have received delayed withdrawals after escalating the issue with screenshots and clear transaction records.
2. Reach Out to Your E-Wallet Provider
If you used Perfect Money, Skrill, or USDT and the funds were sent but not received, open a support case with the wallet provider. They can sometimes trace the transaction.
3. Avoid Chargebacks or Fake Disputes
Trying to issue a chargeback through your bank or card issuer may lead to your Quotex account being banned permanently. It’s not recommended unless you’ve completely given up.
4. Join Legitimate Community Forums
Telegram groups and trading forums can be helpful, but beware of fake agents. Look for verified, moderated communities where users share actual screenshots and tips.
Final Thoughts: Is It Worth Using Quotex in Pakistan?
Honestly, no — not unless you're fully prepared for the risks. While Quotex offers fast trades and attractive bonuses, the withdrawal problems in Pakistan are serious and persistent. Without local support or legal clarity, you're putting your money at constant risk.
If you still choose to trade on Quotex:
· Use crypto as your primary funding and withdrawal method
· Never deposit more than you can afford to lose
· Avoid dealing with third-party withdrawal agents
Quick Summary
· Quotex withdrawal problems in Pakistan are caused by regulatory bans, blocked transactions, and lack of legal support
· Crypto (USDT) is currently the most reliable withdrawal method
· Pakistani users report delayed, failed, or blocked withdrawals, especially to banks and cards
· Use small amounts, verified e-wallets, and P2P platforms to cash out
· Consider switching to Binance, Deriv, or other platforms with better support
Disclaimer
This article is for educational purposes only. Binary options trading is high-risk and not recommended unless you fully understand the potential for loss. Always check the legal status of any platform before depositing funds.
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