This guide covers everything you need to know about withdrawing funds from Quotex — from available methods and processing times to fees, verification rules, and the key risks every trader should understand before requesting a payout.
Withdrawal Methods Available on Quotex
Quotex supports a range of withdrawal methods that generally mirror its deposit options. The exact methods visible in your account depend on your country of residence and the payment channel you used to fund your account. Below is a summary of the primary withdrawal routes.
UPI, IMPS, Net Banking (India), M‑Pesa (Kenya/Tanzania), JazzCash (Pakistan), Instant EFT (South Africa)
$10
Instant – 1 business day
Bank Transfer
Local bank wires
$10
Up to 5 business days
Quotex generally requires you to withdraw using the same payment method you used for your deposit. If you deposited via Visa, your withdrawal must return to the same Visa card; if you used Binance Pay, you must withdraw to Binance. Ignoring this rule is one of the most common reasons for rejected withdrawal requests.
Fees and Charges Explained
Understanding the fee structure is essential before submitting a withdrawal request. Quotex itself does not add a withdrawal fee for most methods, but third‑party providers — banks, card issuers, or crypto networks — often apply their own charges.
Platform Fees
Zero base fee: Quotex does not charge a withdrawal fee on most methods.
3% rule: A 3% fee applies starting from the third withdrawal made within the same calendar day.
No hidden charges: The platform states no additional fees for inactivity or currency conversion, but always check your transaction history.
Third‑Party Provider Fees
Cards: Visa and Mastercard withdrawals may incur up to 5% from the payment provider.
Bank transfers: Fees vary by bank and may include cross‑border or intermediary charges.
Crypto: No platform fee, but network fees depend on congestion.
E‑wallets: Some providers charge 1%–5% per transaction.
Tip: Always review the fee disclosure in your Quotex account before confirming a withdrawal. The exact fee shown at the time of request is the final amount you will be charged.
Processing Times and What to Expect
Withdrawal processing times on Quotex vary significantly by method. The platform states that most withdrawals settle within three business days, though the total end‑to‑end window can span one to five days.
Withdrawal Method
Quotex Processing Time
Total Time (including provider)
Visa / Mastercard
Up to 60 minutes
1 hour + bank settlement
Cryptocurrency
Minutes to hours
Network‑dependent (usually within hours)
E‑Wallets
Instant – a few hours
Same day in most cases
Local Transfers (UPI, M‑Pesa, etc.)
Instant – 1 business day
Up to 1 business day
Bank Transfer (wire)
Up to 5 business days
1 – 5 business days
If a transfer exceeds five business days, it is typically due to intermediary‑bank routing, cross‑border settlement cycles, or local public holidays. Always check the status in your Quotex dashboard under Account → Transactions.
Step‑by‑Step Withdrawal Process
Follow these steps to request a withdrawal from your Quotex account. The process is straightforward, but attention to detail is critical to avoid delays.
Log in to your Quotex account via the web platform at qxbroker.com or the mobile app.
Complete KYC verification if you have not already done so. Most withdrawal methods require identity verification before processing.
Navigate to Account → Withdraw.
Select your withdrawal method. You must use the same method you deposited with.
Enter the withdrawal amount. The minimum is $10 for most methods or $50 for cryptocurrencies.
Provide your payment details — e‑wallet address, bank account number, or crypto wallet address.
Confirm the request and save a screenshot of the confirmation for your records.
Monitor the status under Account → Transactions. Statuses include Failed, In Process, and Success.
Pro tip: Complete your KYC verification before you request a withdrawal. This single step prevents the most common cause of delays.
Minimum and Maximum Withdrawal Limits
Quotex sets different minimum withdrawal thresholds depending on the method you choose. The platform does not publish a single universal maximum, as limits depend on your payment method, account verification level, and trading activity.
Minimum Withdrawal Amounts
Most methods (cards, e‑wallets, local transfers): $10
Cryptocurrency (BTC, ETH, etc.): $50
Some altcoins: may have higher minimums depending on the asset
Maximum Withdrawal Amounts
Daily limit: Some sources indicate a daily maximum of $10,000.
Monthly limit: Approximately $100,000 per month.
Verification impact: Verified accounts may have higher or fewer restrictions.
Large withdrawals may trigger additional identity checks, and the exact threshold is not publicly disclosed. If you plan to withdraw a significant amount, contact customer support in advance to understand what documentation may be required.
Verification and KYC Requirements
Quotex applies Know Your Customer (KYC) checks for most withdrawal methods. Completing verification early is the most reliable way to avoid delays.
Bank cards: Always require full identity verification.
Cryptocurrency: May not require KYC for smaller amounts, but larger withdrawals often trigger checks.
E‑wallets and local transfers: Typically require verification before the first withdrawal.
To verify your account, you will generally need to upload a government‑issued ID (passport or national ID) and possibly proof of address. The verification process usually takes 1 to 3 working days. If your documents are rejected or additional information is requested, your withdrawal will remain in a queue until the issue is resolved.
Important: Some sources suggest that you may be able to withdraw without verification, but you will face restrictions. For a smooth experience, complete KYC before you request any payout.
Common Withdrawal Mistakes and How to Avoid Them
Using a different withdrawal method than your deposit method. Quotex enforces a same‑method rule. If you deposited via UPI, you must withdraw to the same UPI account.
Skipping KYC verification. Many traders complete verification only after requesting a withdrawal, causing significant delays.
Entering incorrect payment details. A single mistyped wallet address or bank account number can cause the transfer to fail or be sent to the wrong recipient.
Ignoring the 3% fee rule. If you make three or more withdrawals in a single day, a 3% fee applies from the third request onward.
Not monitoring the withdrawal status. Always check your transaction history. If a status shows “Failed” or remains “In Process” for an extended period, contact support promptly.
Forex Account and Platform Risks
Before trading or depositing funds with Quotex, it is essential to understand the regulatory and operational risks. Quotex operates as an unregulated offshore platform with no verified financial regulatory license.
⚠️ High‑Risk Profile
Quotex has received official regulatory warnings from financial authorities in Portugal (CMVM), Indonesia (BAPPEBTI), and Malaysia (SCM). The platform holds a very low WikiFX score of approximately 1.53 out of 10, placing it among the lowest‑rated brokers tracked. User complaints include blocked withdrawals, account suspensions, and funds being withheld.
Key risks to consider:
No regulatory oversight: There is no formal mechanism to compel the broker to return funds in the event of a dispute.
No investor compensation scheme: Unlike regulated brokers, you have no access to a statutory safety net.
Withdrawal complaints: Numerous traders report that withdrawals marked as “Success” or “Processed” never reach their bank accounts.
Binary options trading risk: Binary options are highly speculative and can result in a total loss of invested capital.
Always verify the latest regulatory status of any broker on the official website of your local financial regulator. For Quotex, check the warnings published by CMVM (Portugal), BAPPEBTI (Indonesia), and the Securities Commission Malaysia. You can also consult independent broker review platforms such as WikiFX for updated user feedback and risk ratings.
Example Withdrawal Scenario
Scenario: Anna, a trader in India, deposited $200 into her Quotex account using UPI. After a week of trading, her account balance is $450. She decides to withdraw $300.
Anna logs in, navigates to Account → Withdraw, and selects UPI as her withdrawal method (the same method she used to deposit). She enters $300, provides her UPI ID, and confirms the request. Because she completed her KYC verification before trading, her withdrawal is processed within a few hours and the funds appear in her bank account the same day.
Key takeaway: Using the same deposit method and completing KYC early made Anna’s withdrawal fast and hassle‑free.
Key Takeaway: A successful Quotex withdrawal depends on three things: using the same method you deposited with, completing KYC verification in advance, and double‑checking all payment details before you submit.
Frequently Asked Questions About Quotex Withdrawals
Does Quotex charge a withdrawal fee?
Quotex itself does not charge a withdrawal fee for most methods. However, payment providers such as banks, card issuers, or crypto networks may apply their own fees, typically ranging from 1% to 5%. A 3% fee applies from the third withdrawal made within the same day.
How long does a Quotex withdrawal take?
Processing times vary by method. E‑wallets and crypto can be instant or take a few hours, while bank transfers may take up to 5 business days. Most withdrawals settle within three business days.
What is the minimum withdrawal amount on Quotex?
The minimum is $10 for most payment systems (cards, e‑wallets, local transfers) and $50 for cryptocurrency withdrawals.
Can I withdraw using a different method than I deposited with?
Generally, no. Quotex requires you to withdraw using the same payment method you used for your deposit. If you need to change methods, you must contact customer support for assistance.
Is Quotex a regulated broker?
No. Quotex holds no valid financial regulatory license from any recognised authority. It has received official warnings from regulators in Portugal, Indonesia, and Malaysia.
What should I do if my Quotex withdrawal is delayed or not received?
First, check the status in your Account → Transactions section. If the status shows “Success” but funds are not in your account, contact Quotex support with screenshots and transaction details. If the broker does not respond, contact your bank or payment provider to explore trace or recovery options.
Does Quotex require KYC verification for withdrawals?
Yes, for most withdrawal methods. Bank card withdrawals always require verification, while crypto may not for smaller amounts. It is strongly recommended to complete KYC before requesting a withdrawal to avoid delays.
What is the maximum withdrawal limit on Quotex?
Quotex does not publish a single fixed maximum. Some sources indicate a daily limit of $10,000 and a monthly limit of $100,000. Limits may also depend on your account verification level and trading activity.