If you’re thinking about using Quotex for trading, it’s important to learn how to withdraw your funds from this platform. We’ve created a comprehensive review to guide you through the withdrawal process, which includes withdrawal methods, supported currencies, transaction speed, and associated fees. By the end of this article, you’ll have a thorough understanding of how to withdraw your money from Quotex.
Quotex Withdrawal Methods Overview
Our team has compiled the following comprehensive guide to withdrawal methods, including their corresponding processing times and fees.
|Up to 1hr
|Up to 5%
|Up to 1hr
|Local Bank Transfers
|Up to 5 business days
|Up to 1hr
|Up to 1hr
Withdrawal Options: You can choose from various withdrawal methods, including Visa and Mastercard, electronic payment systems such as Perfect Money, Piastrix, FK Wallet, and a range of cryptocurrencies like BTC, LTC, and ETH.
Fees: Quotex itself does not impose any withdrawal fees. However, please note that payment systems may charge fees ranging from 1% to 5% on transfers.
Processing Time: Typically, withdrawal requests are processed within three business days.
Minimum Withdrawal Amounts: Most payment systems have a minimum withdrawal requirement of $10, while cryptocurrencies have a minimum withdrawal threshold of $50, with higher minimums for specific currencies.
Withdrawal Duration: The withdrawal process generally takes between one to five days.
Verification for Large Withdrawals: For big withdrawal amounts, Quotex may request verification, although the specific threshold is not specified on their website.
Electronic Payment Options: Quotex offers various electronic payment systems, including AdvCash, Perfect Money, and MoMo Wallet.
How to Withdraw Money From Quotex
Follow these step-by-step instructions for you to successfully withdraw money from your Quotex account:
1. Access the Withdrawal Menu: Begin by logging in to your Quotex trading account and locating the withdrawal menu option.
2. Choose Your Payment Method: Select your preferred payment method for the withdrawal. Please note that Quotex requires you to use the same payment method for both deposits and withdrawals. If you wish to change your payment method, contact our customer support for assistance.
3. Enter Your Payment Address: Input the payment address, also called as the purse, for your preferred withdrawal method. For instance, if you opt for a Bitcoin withdrawal, provide your Bitcoin address where you want to receive the funds and specify the withdrawal amount in the designated field.
4. Verify with Confirmation Code: As part of Quotex’s two-factor authentication process, you will receive a confirmation code via email. Enter this code to confirm and authenticate your withdrawal request.
5. Submit Your Withdrawal Request: Once you’ve entered the confirmation code, click the submission button. Your request for your withdrawal will then be processed, and you’ll need to await its completion.
6. Monitor Withdrawal Status: Keep an eye on the withdrawal status within the Quotex trading platform. The status can fall into one of the following categories: Fails, In Process or Success.
These updated instructions provide a clear and concise guide for withdrawing money from a Quotex account.
What is Quotex Minimum Withdrawal Amount?
Quotex has established a minimum withdrawal threshold of $10 for most payment methods, with the exception of Bitcoin, which requires a minimum withdrawal of $50. The maximum withdrawal limit is not specified, as it can fluctuate depending on the chosen payment method. When conducting deposits or withdrawals with cryptocurrencies, the total amount will be determined by the particular cryptocurrency in use.
Also read: Quotex Minimum Deposit Guide
Is There a Withdrawal Limit for Quotex?
Quotex does not impose any withdrawal limits, whether in terms of individual transactions or maximum withdrawal amounts. You are free to withdraw your entire account balance in a single withdrawal request. There are also no restrictions on the number of withdrawal orders you can place in a day, with the exception of credit card withdrawals. For instance, you can initiate as many as 10 or even 100 withdrawals within a single day.
Quotex Withdrawal Fees Explained
Quotex determines the profit percentages for each financial instrument, and these percentages can fluctuate based on factors like economic events, asset liquidity, and trade execution timing.
As an illustration, the EUR/USD pair currently offers a 98 percent return on investment. This means that a client who invested $1,000 and made an accurate prediction regarding the price movement over the specified time frame would receive $1,980 for that trade.
When it comes to the trading experience on Quotex, there are no commission charges, and the platform does not impose any fees for deposits or withdrawals.
Quotex Withdrawal Problems
Withdrawal-related challenges often arise due to incorrect personal details or issues with the verification process. Quotex employs stringent checks to combat money laundering, necessitating the confirmation of accurate personal information.
If you encounter difficulties with your Quotex withdrawal, here are some essential tips to assist you. Ensure you have completed the account verification process, which involves uploading a verification document to your personal dashboard. Quotex’s support team will then verify your identity, a necessary step in preventing money laundering.
Furthermore, Quotex may request verification of your chosen payment method. This entails providing documentation that establishes the connection between the withdrawal method and your trading account, a vital security measure against potential unauthorized access.
Should you encounter any withdrawal issues with Quotex, please monitor your email for communications from the support team. To address and resolve these problems effectively, you can also proactively reach out to the support team for assistance.
Can you Withdraw Money from Quotex Without Verification?
Normally, additional documentation is optional for fund withdrawals. However, the company reserves the right to request specific documents from you at its discretion. This verification process is primarily in place to safeguard against illicit trading, financial fraud, and the use of unlawfully obtained funds.
The list of required documents is concise, and providing them should not be overly time-consuming or burdensome on your part.
Leverage and Bonuses
Currently, Quotex does not offer leveraged trading. While this might limit market access for some beginners, it can also mitigate potential losses.
Quotex does provide bonuses to its traders, which are contingent upon the use of available promo codes. These bonuses typically range from 10% to 50% of the deposited amount.
For instance, traders can receive a substantial 50% welcome bonus on their deposited funds. This represents a significant incentive and an excellent strategy for enhancing your initial trading capital..
What are the Advantages of Using the Quotex Trading Platform?
The Quotex trading platform delivers a multitude of unique benefits and features to its users:
- Streamlined Digital Sign-Up: Creating a Quotex account is a fully digital, rapid, and dependable process, ensuring traders can initiate their trading journey with convenience and efficiency.
- Speedy and Trouble-Free Withdrawals: Quotex prioritizes user satisfaction by designing a withdrawal process that is both rapid and hassle-free, ensuring traders can access their funds promptly.
- Comprehensive Charting Tools and Indicators: The platform offers an extensive selection of charting tools and technical indicators, including MACD and Bollinger Bands, empowering traders with essential resources to make well-informed decisions and refine their trading strategies.
- Demo Account for All Skill Levels: Quotex provides a demo account suitable for traders of all skill levels, from beginners to seasoned professionals. This feature allows users to practice trading strategies and gain invaluable experience in a risk-free environment.
Read our article to learn more about the best Quotex Trading strategy!
FAQs about Quotex Withdrawal Process
Can you use Quotex in the USA?
Quotex isn’t allowed in the United States, and they don’t serve American customers. Before you sign up for a Quotex account in your country, it’s important to ensure it’s legal. Always use a platform that follows the rules and has permission to protect your money and rights.
How long does it take for a withdrawal from Quotex?
Typically, it takes one to five days to complete a withdrawal when you ask for it. The time it takes depends on how many other withdrawal requests are being handled at the same time. The company does its best to pay you on the same day you request your money.
Is it possible to cancel a withdrawal?
Yes, you have the option to cancel a withdrawal request on Quotex even after initiating the transaction. Below is a step-by-step guide on how to cancel a withdrawal:
- Visit the Quotex homepage and navigate to the Withdrawal option.
- In the new window that appears on the screen, select the Transaction tab.
- As the most recent transactions are listed at the top, there’s no need to manually search for the one you wish to cancel.
- Check the transaction status.
- If the status is “Waiting Confirmation,” you can cancel it by clicking on the button located next to the status.”
Which currencies can be withdrawn on Quotex?
Quotex enables withdrawals in various currencies, depending on your geographical location. These include US Dollars, Euros, Russian Rubles, Ukrainian Hryvnias, and Brazilian Reals
Conclusion: No Withdrawal Fees with Quotex
Quotex offers a straightforward and user-friendly approach to withdrawing funds, all without the burden of transaction fees. Moreover, their entire withdrawal process prioritizes safety and security. To enhance your convenience, they provide a range of money transfer options.
In our assessment, this withdrawal process stands out as one of the best among binary brokers, giving them a perfect 5/5 rating.
If you’re considering trying out Quotex, take a look at our guide on downloading the Quotex Trading App for your PC. You can also take advantage of our Quotex coupon code to receive an exclusive 50% bonus discount. Hurry, as this special offer is available for a limited time only – seize the opportunity!