How to withdraw money on Quotex – An easy and straightforward withdrawal tutorial

To start doing an options trade, it’s important to choose the underlying asset which would underlie such options. The forecast is generally carried on the asset. To purchase a digital contract, people put bets on the different price movements of an underlying asset for a certain duration.

An underlying asset is regarded as an item, and the consideration of the price is done after the conclusion of a trade. Being referred to as underlying assets of many virtual options, there are different types of it such as:

  • Securities mean a share of the company.
  • Various currency pairs such as USD, EUR, and GBP.
  • Valuable materials like precious materials, oils, and gold.
  • Indices like dollar index, SP 500, and Dow.

Although there is no concept of the universal underlying asset, at the time of choosing it, it is recommended to use one’s knowledge, different types of analytical information, intuition along, with market analysis for a specific financial instrument for a minimum amount.

Quotex official website
Quotex official website

What is Quotex?

Quotex is recognized as one of the common binary options brokers. In 2020 it was founded by offering different copy trading as well as market signals bespoken digital platforms. The article is brief about the ways to start trading, including both withdrawal fees as well as deposits with Quotex, along with welcome bonuses and customer support.

Awesome Ltd, which is one of the most renowned companies in Helles, found a brand named Quotex. International Financial Market Relations Regulation Centre or (IFMRRC) regulates it. The certification of the firm as a licensed broker was given in November 2020. The primary motive of the brokerage is seeking a combination of powerful tools along with multiple digital options.

Quotex allows trading on different devices
Quotex allows trading on different devices

Functioning of Quotex

In 2005, Quotex was launched as a brokerage platform for both Forex and CFD trading. Its headquarter is present in California, USA. There are several other offices present in major countries like Hong Kong, London, Australia, Tokyo, and more. With operational centers distributed worldwide, the broker is currently dealing with more than 320,000 traders hailing from more than 90 countries.

It also holds a license and is governed by a lot of top tiers governing bodies that include are as follows:

  • BaFin
  • FMA
  • BVI
  • CNMV
  • DFSA
  • FSC
  • CIMA

Since it is somewhat stabilized, you can easily trade on Quotex. Whenever a customer decides to trade with ABC, they are provided access to $20,000 plus CFD trading instruments and products across multiple asset classes that also include cryptocurrencies, metals, commodities, indices, and forex. It promises one of the lowest spread charges that starts from zero pips on forex to 0.07 dollars on gold. The customer service is available 24/7, and that too in different lingua. 

Along with myriad tools, features, and trading accounts, it offers a demo trading account. It is a virtual platform where you can practice trading. Since there are so many different aspects to be covered, we have reviewed the brokerage software in detail.

How easy is it for beginners?

For all beginners having no knowledge, experience, and skills in the forex trading market, investments will prove to be quite cumbersome. Owing to this reason, the Quotex account will offer amateur traders a risk-free trading platform without the intervention of any hurdle.

What is a demo trading account?

A Quotex account is more like a virtual practice platform or simulation software, ideal for all amateurs. This will give you enough freedom and the ability to explore and delve down into various trading opportunities and offerings of the forex platform without losing any deposit

Apart from this, the vast number of payment methods will make sure that you have enough opportunities to place the trading amount.

All amateur traders can use this virtual account to get accustomed to forex trades, market operations, real-time currency exchanges, and more. To improve your trading skills, you can participate in the Quotex countries based on real-time market circumstances.

Quotex will provide facilities not only to freshers but also to experienced traders who are looking for a chance to improve their forex trading strategies. They can even put their strategies to the test and explore whether it is profitable or not.

Quotex provides unlimited access to all their customers so that they can access the demo trading account across MT5 and MT4 platforms.

Quotex account features

You get access to many features when you trade with Quotex
You get access to many features when you trade with Quotex

The features of the Quotex demo account will blow your minds completely, albeit in an outstanding manner. Starting from the intuitive UI to the ease of placing the trade, there are so many things you can do to make yourself somewhat proficient with the Forex market. 

If you want to use this account and develop your strategic approaches, you have to register yourself on this platform. You can do it in a variety of different ways. The best part is that Quotex is supported across a wide range of devices and OS like: 

  • Desktop: Windows, Mac os, and Linux
  • Mobile: Android or IOS or iPad

If you wish to use this demo account, you can raise a request for the same. Once it gets approved, you will be provided with a link corresponding to each concerned trading platform. After the downloading process is complete, you can access your demo account with the login credentials you used for registration. 

In the beginning, you will receive a huge amount of $100,000, or it is equivalent to the local currency valid in your country. With this balance, you can easily start trading in the forex market and bag some amazing wins even though you won’t be allowed to retrieve that amount.

  • You can practice various trading strategies
  • You can copy trading strategies of expert traders
  • You will get accessibility to all of the functionalities accessible on the two most common platforms. – MT5 and MT4
  • Access to all the payment methods on which Quotex won’t charge any kind of fees

Quotex account charges

Like several other forex trading companies available in the market, you will get the demo account free of any charges for everyone who is registering themselves, existing traders, and probable traders. This basically implies that registering for a Quotex account or virtual account is free of charge, and you may use them immediately. As a result, anyone may open and utilize a Quotex account without spending a dime.

All the advanced tools provided by the brokerage, such as trading tools, assets, and other services, are freely available to use with the Quotex account. This will assist you in comprehending the trading community, the firm’s services, and the trade procedure. 

How to sign up for a Quotex account?

You may sign up for and utilize a Quotex account by following the procedures outlined below.

  1. Navigate to the main homepage and tap on the icon in the top-right corner of the page.
  2. You will now be directed to a new site, the registration page, where you will be requested to provide some personal information such as your name, contact number, and email address in order to register. Every one of these credentials is required to ensure that the account stays entirely lawful and that there are no difficulties with financial fraud. Upon entering all of your information, you must choose your preferred training platform and thereafter click on the submit button.
  3. Once you have submitted your trading registration, it will be processed, and all users will get a Quotex account verification mail within 1 to 2days. All account information will be sent to the enrolled email id.
  4. You will get a mail with a confirmation link, and after you click on it, your Quotex profile will be authorized.
  5. Once your profile has been validated, your user ID and password will be emailed to you. Now you can download the necessary virtual trading platforms that can be used with the Quotex account.
  6. After you have installed the online trade platform, you can sign in to your Quotex account using the username and password you received in your mail.

Advantages of the trading platform

Exclusive advantages and benefits of Quotex account:

  • Quotex account sign up process is completely digital, fast, and reliable
  • At a station possess is hassle-free and is fast
  • Virtual trading platforms like MT4 4 and meta trader 5 is available
  • Quotex account comes with $100,000 worth of virtual currencies that can be used for various trading purposes
  • Demo account can be used for beginners and professional
  • Quotex account can be registered and used free of charge

How to withdraw from Quotex?

The process to withdraw capital is quite convenient and simple for carrying out through the account. The chosen method for depositing the account is also known as a method to withdraw funds. 

For instance, the individuals depositing to their account through following a visa payment system, then the withdrawal of money would also be done following the Visa methods/payment methods system.

At the time of withdrawal of a whopping sum, verification might be a priority for the company. It is requested at the sole discretion of the company, and that’s why it’s significant to register an account for confirmation of rights at any given point in time.

To be honest, withdrawing any amount from the Quotex account is one of the easiest tasks you can complete. But since it’s a virtual platform and many of you might not be aware of the dealing processes, a brief guide will definitely help you.

  1. Login to your Quotex account and move to the Withdrawal option. 
  2. A list of payment method options will be displayed on the right-hand side of the screen.
  3. As discussed earlier, your chosen method should be the same as that of the deposit method. 
  4. If it’s a fiat currency-related method, you need to share the card or UPI details.
  5. On the other hand, if it’s a crypto-based withdrawal, you have to enter the wallet/purse ID. 
  6. In the new screen, you also need to enter the amount you want to withdraw.
  7. Once all the details are filled in successfully, you can click on Continue. 
  8. A 6-digit pin code will be sent to you over the email. Enter the number and click on Confirm. 
  9. You can see a message saying, “Your request successfully sent.” 
  10. Now move to the header and click on Transactions. 
  11. All the records will be displayed with the latest one at the top. 
In the FAQ section you will find answers to many questions, including how to make withdrawals.
In the FAQ section you will find answers to many questions, including how to make withdrawals.

Can the withdrawal be canceled? 

Yes, a withdrawal at Quotex can be canceled after you have initiated the transaction. Here is the complete guide for canceling a withdrawal transaction. 

  • Go to the homepage of Quotex and from there, click on the Withdrawal option.
  • When a new window opens up on the screen, click on the Transaction node.
  • Since it will display the latest records at the top, you won’t have to enter details for finding the one you want to cancel.
  • Check the status of the transaction. 
  • If it is “Waiting Confirmation,” you can cancel it by clicking on the button right next to the status. 

What are the different payment methods supported by Quotex for withdrawals?

Quotex accepts various payment methods
Quotex accepts various payment methods

Fortunately, Quotex has included a wide range of payment methods for the withdrawal of funds from the wallet. These methods are divided into four categories- banking cards, banks, electronic payments, and cryptocurrencies.

Card payments 

  • MasterCard
  • Visa card


  • Bank of Vietnam

Electronic payments

  • AdvCash
  • Perfect Money
  • MoMo Wallet


  • Bitcoin
  • Bitcoin Cash
  • Litecoin
  • USDT
  • Ethereum
  • Ripple
  • Coinbase
  • Dai
  • Paxos Standart
  • ZCash

At the time of integrating the payment method to the Quotex platform, you need to give some details like the Debit card number or the public key of your USDT wallet. Be very sure that the information shared remains protected. So, it’s better not to share these details with anyone else. Also, it would be better if you stick to some specific methods as it will reduce the hassles of managing so many details at once, and that also against one account. 

Deposit and withdrawal minimum limits

Quotex has made sure that the minimum deposit and withdrawal amount for all the payment methods explained above remains the same. 

Quotex minimum deposit
Quotex minimum withdrawal
$10 & $50 for Bitcoin

 As for the maximum limit, the value isn’t declared yet because usually, it changes according to the payment methods. Apart from this, if you want to deposit in cryptocurrency, you need to buy tokens having a price worth the minimal amount. The total amount you have to pay for buying the crypto will vary from its type. The same needs to be followed for withdrawal. 

Fees that can occur while making deposits or withdrawals from the account

Withdrawal Fees
$0 and equivalent
Deposit Fees
$0 and equivalent
Here is our article about Quotex fees

No. The firm does not impose a charge for either depositing or withdrawing funds.

It is important to note, though, that payment methods can charge fees and utilize the domestic currency exchange rate.


Quotex is among the top organizations to take into account when considering Forex market purchasing and selling due to its exceptional buying and selling abilities.

The tools are reliable, and anyone, whether a novice or a seasoned pro, may utilize them. The customer care is excellent, and the procurement process is somewhat unrivaled.

Quotex offers practically everything a trader would anticipate from a broker.

The platform is well-thought-out. Even when there are gaps, there appear to be a lot of compensatory characteristics.

Quotex logo
Quotex logo

FAQ – The most asked questions about Quotex Withdrawal tutorial :

How long will my withdrawal be pending on Quotex?

With a minimum withdrawal amount of $10 or $50 for Bitcoin, traders can initiate a withdrawal via their individual accounts. Withdrawal timeframes range from 1 to 5 days, and monies are refunded using the same method that was used to deposit them.

How long does it take to withdraw money from Quotex?

It takes about 24 hours for the amount to be reflected in your e-wallets and 1-5 workings days to get reflected in your bank or the crypto wallet. The withdrawal processing, in general, takes 1 to 5 days from the date of receiving the user’s withdrawal request and is solely dependent on the amount of concurrently executed requests. The firm always strives to execute money transfers on the same day the user’s order is obtained.

Does it provide demo a/c?

Yes, Quotex does provide a free demo account. All the necessary features of the live trading account are available in this demo account.

Do I need to produce any documentation to withdraw?

Typically, extra documentation is not required to withdraw monies. However, the Firm may, at its option, require that you authenticate your personal information by providing specific documentation. Typically, this is performed to minimize unlawful commerce, fraudulent transactions, and the use of cash gained illegally.
The list of such papers is short, and the procedure to deliver them does not require much effort or trouble on your part.

How can I withdraw my funds from Quotex?

Follow these instructions to withdraw your funds from Quotex:

1. Sign in to your Quotex trading account first, then select the Withdraw option.
2. The right part of the page will include a selection of available payment methods.
3. From there, choose an appropriate payment method. As already mentioned, choose the payment method as the deposit method.

What is the minimum withdrawal amount for Quotex?

Traders can begin a withdrawal through individual accounts. The minimum withdrawal amount should be $10, but $50 for Bitcoin. Furthermore, no verification is required. But, it can be different with higher-value transactions. Although, the withdrawal process can take up to 1 to 5 days. In the event that a refund is issued, it will be processed using the same payment method.

How can I withdraw my bonus on Quotex?

If you wish to see the deposit bonus for your account, you should start trading. You need to pay the minimum amount to initiate the bonus is $1. However, you must first deposit $1 before you can withdraw the bonus. In addition, you must have $10 in your Quotex account to withdraw the funds. Thus, if you want to withdraw your money from Quotex, have $10 in the account.

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Last Updated on January 27, 2023 by Arkady Müller