If you’re a trader, you know that the time it takes to withdraw your money is an important factor in choosing a trading platform. Quotex is a popular trading platform that allows traders to buy and sell a variety of assets, including cryptocurrencies, stocks, forex, and commodities. One of the questions that traders ask when considering Quotex is how long it takes to withdraw their money. In this article, we will provide a detailed guide on Quotex withdrawal time and answer some frequently asked questions about the process.
What Is Quotex?
Quotex is an online trading platform that was established in 2020. The platform is owned and operated by Quotex Ltd, a company registered in Saint Vincent and the Grenadines. Quotex provides traders with access to a wide range of financial instruments, including currencies, commodities, stocks, and cryptocurrencies. The platform is known for its user-friendly interface, educational resources, and low trading fees.
How to Withdraw Funds from Quotex
Before we dive into the withdrawal time for Quotex, let’s first discuss how to withdraw funds from the platform. The process is straightforward and can be completed in a few simple steps:
- Log in to your Quotex account and click on the “Withdrawal” button in the menu.
- Select the payment method you want to use for the withdrawal. Quotex supports a variety of payment methods, including bank transfer, credit/debit cards, and e-wallets.
- Enter the amount you want to withdraw and click on the “Withdraw” button.
- Wait for the withdrawal request to be processed. Quotex will send you a confirmation email once the withdrawal has been approved.
Quotex Withdrawal Time
The time it takes to withdraw funds from Quotex depends on several factors, including the payment method used and the account verification process. Here is a breakdown of the withdrawal time for each payment method:
Bank Transfer
Bank transfers are one of the most popular payment methods used for withdrawing funds from Quotex. The withdrawal time for bank transfers is usually between 3-5 business days. However, this time frame may vary depending on your bank and your location.
Credit/Debit Cards
If you choose to withdraw funds using a credit or debit card, the withdrawal time is usually instant. However, some banks may take up to 3-5 business days to process the withdrawal.
E-wallets
E-wallets are another popular payment method used for withdrawing funds from Quotex. The withdrawal time for e-wallets is usually instant or takes up to 24 hours.
It’s important to note that Quotex has a verification process in place for all withdrawal requests. This process can take up to 48 hours to complete, depending on the complexity of the request. Once the verification process is complete, the withdrawal time for the selected payment method will apply.
Frequently Asked Questions
How much can I withdraw from Quotex?
The minimum withdrawal amount on Quotex is $10. There is no maximum withdrawal limit.
Are there any fees for withdrawing funds from Quotex?
Quotex does not charge any fees for withdrawals. However, your payment provider may charge fees for the transaction.
Can I cancel a withdrawal request on Quotex?
Yes, you can cancel a withdrawal request on Quotex if it has not been processed yet. To cancel a withdrawal request, go to the “Withdrawal” section of your account and click on the “Cancel” button next to the request.
Is my money safe on Quotex?
Yes, Quotex takes the safety and security of its clients’ funds seriously. The platform uses advanced encryption technology to protect users’ personal and financial information. Additionally, Quotex is regulated by the International Financial Market Relations Regulation Center (IFMRRC), which ensures that the platform operates in compliance with international financial standards.
Can I withdraw funds from Quotex on weekends?
Yes, you can submit a withdrawal request on weekends, but the processing time may be longer than during weekdays.
How long does it take to verify my account on Quotex?
The verification process on Quotex can take up to 48 hours to complete. However, the time frame may vary depending on the complexity of the request and the volume of requests being processed.
Conclusion
Quotex is a reliable and user-friendly trading platform that offers traders access to a wide range of financial instruments. The withdrawal time for Quotex depends on the payment method used and the account verification process. Generally, bank transfers take 3-5 business days, credit/debit cards are instant, and e-wallets are instant or take up to 24 hours. The verification process for withdrawal requests can take up to 48 hours. Quotex does not charge any fees for withdrawals, and users’ funds are safe and secure on the platform.
