Quotex Withdrawal — Methods, Limits, Fees and Processing Time
- The minimum withdrawal on Quotex is $10 for most methods or $50 for cryptocurrency (BTC, ETH)
- Quotex does not charge any withdrawal fees — your bank or crypto network may charge their own fees
- The withdrawal processing time on Quotex ranges from instant (e-wallets) to 1–5 business days (bank transfers)
- Quotex requires you to withdraw using the same method you deposited with
- KYC verification requirements vary by withdrawal method — crypto typically doesn’t require it, but bank cards always do. Complete verification early to avoid delays
The Quotex withdrawal process takes a few minutes to submit, supports the same methods available for deposits (Visa/Mastercard, crypto, e-wallets, UPI, local bank transfers), and Quotex charges zero withdrawal fees. Most e-wallet and crypto withdrawals are processed within hours.
This guide covers how to withdraw from Quotex step by step, all available withdrawal methods by country, minimum amounts, processing times, limits, fees, and common withdrawal problems — including the question many traders ask: does Quotex actually pay?
How to Withdraw Money from Quotex
Withdrawing money from Quotex takes a few minutes to submit. Here’s the process:
- Log in to your Quotex account through the web platform at qxbroker.com or the mobile app.
- Complete KYC verification if you haven’t already. Quotex requires identity verification for most withdrawal methods — crypto withdrawals may not require it, but local wallets usually do and bank card withdrawals always do. Upload your government-issued ID and any other requested documents before submitting a withdrawal request.
- Go to Account → Withdraw.
- Select your withdrawal method. You must withdraw to the same method you deposited with. If you deposited via UPI, you must withdraw to the same UPI account.
- Enter your withdrawal amount. The minimum is $10 for most methods or $50 for major cryptocurrencies.
- Enter your payment details — e-wallet address, bank account number, or crypto wallet address depending on your method.
- Confirm the request and save a screenshot of the confirmation for your records.
- Check your transaction history under Account → Transactions to monitor the withdrawal status.
Quotex requires you to withdraw using the same payment method you deposited with. If you deposited via Visa, your withdrawal must go back to the same Visa card. If you deposited via Binance Pay, you must withdraw to Binance. Ignoring this rule is the most common cause of rejected withdrawal requests.
Withdrawal Methods
Quotex supports withdrawals via the same methods available for deposits. The methods you see depend on your country and which method you used to deposit.
| Category | Methods | Min Withdrawal | Processing Time |
|---|---|---|---|
| Bank Cards | Visa, Mastercard | $10 | Up to 60 minutes (Quotex side) + bank processing |
| Cryptocurrency | Bitcoin, Ethereum, USDT, Solana, Dogecoin, Litecoin | $50 | Minutes to hours (network-dependent) |
| Crypto Wallets | Binance Pay | $10 | Instant–30 minutes |
| E-Wallets | Local wallet providers | $10 | Instant–few hours |
| Kenya / Tanzania | M-Pesa | $10 | Instant–few hours |
| India | UPI, IMPS, Net Banking | $10 | Instant–24 hours |
| Pakistan | JazzCash, Easypaisa, local bank transfer | $10 | Hours–1 business day |
| South Africa | Instant EFT, South African Banks | $10 | Instant–1 business day |
India: UPI is the fastest option — most withdrawals arrive within a few hours. IMPS and Net Banking are alternatives if UPI is unavailable.
Pakistan: USDT to Binance, then sell via P2P for PKR to JazzCash or Easypaisa. This avoids bank blocks on direct transfers from offshore platforms.
South Africa: Instant EFT or local bank transfer. Both process within a business day for most traders.
Kenya & Tanzania: M-Pesa is available for direct withdrawals. Crypto (USDT via Binance Pay) and local e-wallets are also reliable options.
Nigeria: Crypto (USDT via Binance Pay) or local e-wallets are the most reliable methods.
Universal: USDT on TRC-20 is the fastest and cheapest crypto withdrawal option — low network fees and typically arrives within minutes.
Minimum Withdrawal Amount
The minimum withdrawal on Quotex is $10 for most payment methods and $50 for major cryptocurrencies (Bitcoin, Ethereum). Smaller cryptocurrencies like USDT and Solana have a $10 minimum.
| Method | Minimum Withdrawal |
|---|---|
| Visa / Mastercard | $10 |
| UPI / India IMPS | $10 |
| Local e-wallets | $10 |
| Binance Pay | $10 |
| Bitcoin (BTC) | $50 |
| Ethereum (ETH) | $50 |
| USDT (Tether) | $10 |
| Solana (SOL) | $10 |
| Local bank transfers | $10 |
| Instant EFT (South Africa) | $10 |
In local currency, $10 is approximately ₹850 (India), PKR 2,800 (Pakistan), KES 1,300 (Kenya), or ZAR 180 (South Africa). The $10 minimum is accessible for small withdrawals, but keep in mind that your payment provider may apply minimum thresholds or fees on their side.
Withdrawal Processing Time
Withdrawals are processed within 1–5 business days according to the platform’s stated policy, though many methods are significantly faster in practice. The total time depends on both Quotex’s internal processing and your payment provider’s processing.
| Method | Quotex Processing | Total Time to Receive |
|---|---|---|
| E-Wallets (local providers) | Instant–few hours | Same day |
| USDT (TRC-20) | Within hours | Minutes–few hours |
| Binance Pay | Within hours | Instant–few hours |
| UPI / Local Mobile Payments | Within hours | Same day–24 hours |
| Bank Cards (Visa, Mastercard) | Up to 60 minutes | 1–5 business days (bank-dependent) |
| Bitcoin / Ethereum | Within hours | Hours (network-dependent) |
| Instant EFT / Local Banks | Within hours | Same day–1 business day |
| Bank Wire Transfer | 1–3 business days | 3–5 business days |
For the fastest withdrawals, use local e-wallets or USDT on TRC-20. Bank card withdrawals are slowest because even after Quotex processes its side, your bank may take additional days to credit the refund.
Check your transaction history under Account → Transactions. If the status still shows “Processing” after 3 business days, contact Quotex support through the live chat inside your trading account — this is the only supported channel. Include your withdrawal reference, the amount, the method, and a screenshot of the transaction status. If you don’t receive a response within 3 business days, see the Common Problems section below.
Withdrawal Limits
Quotex withdrawal limits vary by method and country. Most methods have generous per-transaction limits for retail traders, but card withdrawals are capped lower than crypto or e-wallets.
| Method | Min per Transaction | Max per Transaction |
|---|---|---|
| Visa / Mastercard | $10 | $489–$1,132 (country-dependent) |
| UPI / India IMPS | $10 | ~$22,000 |
| Local e-wallets | $10 | Varies by provider |
| Binance Pay | $10 | ~$55,000 |
| Bitcoin | $50 | $40,000 |
| USDT (Tether) | $10 | $40,000 |
| Instant EFT (South Africa) | $10 | ~$2,800 |
| South African Banks | $10 | ~$11,300 |
Card limits are the most restrictive — if you need to withdraw a larger amount, you’ll need to split it across multiple transactions or switch to crypto/e-wallet. Note that Quotex may impose additional withdrawal limits on unverified accounts or accounts flagged for review, which are not published in the standard limits.
Withdrawal Fees
Quotex does not charge withdrawal fees. The broker absorbs payment processing costs on its side.
However, your payment provider may charge fees: crypto network fees (gas fees) are deducted from the amount you send — USDT on TRC-20 has the lowest fees, while Ethereum (ERC-20) fees can be significantly higher. Banks may charge incoming wire transfer fees ($10–$30 depending on your bank). Currency conversion spreads of 0.5–2% apply if your withdrawal currency doesn’t match your Quotex account currency.
Withdraw via the same currency as your Quotex account to avoid conversion fees. If withdrawing in crypto, use USDT on TRC-20 (lowest network fees). Avoid bank wire transfers for small amounts — the fixed bank fee makes them disproportionately expensive on withdrawals under $100.
Does Quotex Pay Withdrawals?
Yes, Quotex does process withdrawals — many traders have withdrawn successfully, and withdrawal proof is widely documented online. But the experience is inconsistent. Most traders receive their money within hours. A small percentage report delays or issues — some stemming from compliance processes like KYC verification or same-method violations, others from the frustration of losing money on binary options (which is the norm for 70–90% of retail traders on any platform).
The reason this happens is structural: Quotex is not regulated by any recognised financial authority. The UK’s FCA has placed Quotex on its warning list as an unauthorised provider. This means there is no independent body monitoring whether Quotex processes withdrawals fairly, no segregated client accounts requirement, and no compensation scheme if your withdrawal is refused. For the full regulatory analysis and why this matters for your money, read our Quotex Review.
In practical terms: the vast majority of withdrawals process without issues. When problems do occur, they typically involve compliance triggers — mismatched payment methods, incomplete KYC, or account violations. Whether specific cases reflect legitimate compliance or something else is difficult to determine from the outside, precisely because no regulator is overseeing the process.
What the Complaints Look Like
Withdrawal complaints on Quotex — like on most binary options platforms — fall into two categories. The first is traders who lost money and blame the platform. This is a structural risk of binary options trading (70–90% of retail traders lose money), not a platform-specific issue. The second involves traders who report account freezes, extended verification requests, or withdrawals marked as processed but not received. These reports are documented on platforms like Trustpilot and Forex Peace Army, though with tens of thousands of daily withdrawal transactions, even a small percentage of issues generates a visible volume of complaints.
Many complaints stem from traders who violated the Terms of Service — incomplete KYC, mismatched payment methods, or multiple accounts. Others reflect the frustration of losing money on binary options, which is the norm for most retail traders on any platform. Genuine cases where compliant users cannot access their funds are harder to verify from the outside — precisely because no regulator is auditing the process. The platform’s unregulated status is the core issue: not that problems necessarily occur more often than on other platforms, but that when they do, there is no external arbiter.
If you already have a Quotex account, test the withdrawal process with a small amount ($10–$20) before building a larger balance. If the money arrives, you’ve confirmed the system works for your method and country. If it doesn’t, you’ve learned an important lesson at minimal cost.
Common Withdrawal Problems
Most Quotex withdrawals process successfully, but issues at the withdrawal stage — while uncommon — do occur. Most are preventable, and stem from same-method rule violations or incomplete KYC rather than platform-specific risks.
Withdrawal Stuck on “Processing”
The most common complaint. Your withdrawal shows as “Processing” in your transaction history but the funds don’t arrive. For e-wallets and crypto, wait up to 24 hours. For bank cards, wait up to 5 business days. If the status hasn’t changed after 3 business days, contact Quotex support through the live chat inside your trading account with your withdrawal reference number and a screenshot. This is the only official support channel — Quotex does not offer email support or respond on third-party platforms.
Withdrawal Request Rejected
Rejections usually happen for one of three reasons: you tried to withdraw using a different method than you deposited with (same-method rule), your KYC verification is incomplete, or the name on your payment method doesn’t match your Quotex account name. Check the rejection reason in your transaction history, fix the issue, and resubmit.
Account Blocked After Withdrawal Request
A small percentage of traders report their accounts being blocked or restricted after submitting a withdrawal. Quotex may request additional verification documents (selfie with ID, proof of payment method, source of funds). If this happens, provide the documents promptly. If your account remains blocked after submitting all requested documents, see our Quotex Blocked Account guide for the full recovery process.
Bonus Balance Preventing Withdrawal
If you activated a deposit bonus, there is a 100x turnover requirement on the bonus amount before the bonus credits become withdrawable. However, the bonus does not block withdrawals of your own deposited funds or trading profits. You can withdraw at any time — the bonus amount is simply deducted from your balance. You can also cancel the bonus at any time in your account settings to remove it entirely. See our Quotex Promo Code guide for full bonus terms.
Crypto Withdrawal Sent to Wrong Address
If you enter the wrong wallet address or select the wrong network (e.g., ERC-20 instead of TRC-20 for USDT), your funds may be permanently lost. Quotex cannot recover crypto sent to incorrect addresses. Always double-check the wallet address and network before confirming a crypto withdrawal.
Unlike regulated brokers where you can escalate unresolved withdrawal complaints to a financial ombudsman or regulator, Quotex has no such mechanism. If your withdrawal is refused and Quotex support doesn’t resolve it, your options are limited to public complaint platforms and — in theory — legal action in St. Kitts and Nevis, which is impractical for most traders. For the full analysis of why this matters, see our Quotex Review.
Conclusion
The Quotex withdrawal process works for many traders — small to mid-size withdrawals via e-wallets, UPI, and crypto are generally processed quickly. The platform operates without regulatory oversight, which means there is no independent authority to escalate to if a withdrawal dispute arises. This is the key difference between Quotex and regulated brokers — not that problems necessarily occur more often, but that when they do, your recourse options are limited.
If you have a Quotex account, complete KYC verification immediately — not when you’re ready to withdraw. Test the withdrawal process with a small amount before building a significant balance. Follow the same-method rule. And avoid depositing more than you can afford to lose, because recourse options are limited if a withdrawal fails.
For the full regulatory analysis, why these risks exist, and how Quotex compares to regulated alternatives that offer structured withdrawal protections, read our Quotex Review.
If you prefer a regulated broker, see our list of recommended brokers.
Frequently Asked Questions