Trading on online broker platforms like Quotex allows users to deposit and withdraw funds to trade financial assets. However, withdrawing money from Quotex to your bank account requires following certain steps. Naototnhat article provides a detailed guide on the methods and process of withdrawing money from your Quotex account.
Methods of withdrawing money from Quotex
Quotex offers users a few methods to withdraw funds from their trading accounts to their bank accounts or digital wallets. The main methods include:
Bank Wire Transfers
This involves withdrawing money directly to your bank account through a regular wire transfer. Quotex processes the withdrawal request and sends the money to your bank account using SWIFT or SEPA transfers. This is a convenient option for larger withdrawals.
E-Wallets
Quotex allows withdrawals to popular e-wallets such as Neteller, Skrill, and Epay. The money reaches your e-wallet account almost instantly, from where you can transfer it to your bank account. This is a faster method and useful for small to medium withdrawals.
Cryptocurrency Withdrawals
For crypto traders, Quotex supports withdrawals in leading cryptocurrencies like Bitcoin, Ethereum, Litecoin etc. This allows transferring funds quickly to your external crypto wallet. You can then convert the coins to fiat money and cash out.
How to withdraw money from Quotex to Bank Account
Step 1: Log in to your Quotex account
Go to the Quotex website or app and access your existing trading account by entering your registered email and password.
Step 2: Go to Withdrawal page
On the top menu, click on the ‘Finance’ option. In the drop-down menu, select the ‘Withdrawal’ tab. This will open the withdrawal page.
Step 3: Enter withdrawal details
On the withdrawals page, enter the following information:
- Amount to withdraw
- Account (Bank account or e-wallet)
- Details of selected account
Make sure the details match your registered bank account or e-wallet.
Step 4: Submit withdrawal request
Carefully check the withdrawal details before clicking ‘Submit Withdrawal Request’ button. This will process the request from Quotex’s side.
Step 5: Wait for processing
It takes 1-3 working days for Quotex to process bank wire transfers. In some cases, additional verification may be needed if you are withdrawing for the first time. For e-wallets, the processing is faster usually within 24 hours.
Once processed, you will see the status of your withdrawal change to ‘Processed’ indicating the money has been sent out. It should reflect in your bank account or e-wallet within the specified time.
How long does withdraw money from Quotex to Bank
- Bank wire transfers usually take 1-3 working days to process.
- Additional verification for first-time withdrawals can delay it by 2-3 days more in some cases.
- E-wallet withdrawals are generally processed within 24 hours.
- Crypto withdrawals have an estimated processing time of 30-40 minutes.
Here are the typical processing times for key withdrawal methods:
- Debit/Credit Card – 3-5 Working Days
- eWallets (Skrill/Neteller) – 24 Hours
- Wire Transfer – 1-3 Working Days
- Cryptocurrencies – 30-40 Minutes
However, actual withdrawal times can vary depending on your bank, location, additional verification steps, workload of Quotex etc. Delays can happen on certain occasions.
How much is the minimum withdraw money from Quotex to Bank
The minimum withdrawal amount depends on the method used:
- For bank wire transfers, the minimum is $100. Any withdrawal request below this will be automatically rejected.
- For e-wallets, the minimum withdrawal amount is $5. This allows you to withdraw even small amounts quickly.
- The minimum for cryptocurrency withdrawals varies across coins – Bitcoin ($20), Ethereum ($5), Litecoin ($10) etc.
Additionally, your account must have sufficient free margin to process the withdrawal request. Quotex will indicate if you do not have enough margin to withdraw your requested amount.
There may also be some fixed/variable withdrawal fees depending on selected withdrawal method.
Why can’t I withdraw money from Quotex to the bank?
You may face issues while withdrawing money from Quotex to your bank in certain cases. Some common reasons for stalled/failed withdrawals include:
Insufficient Balance
Free margin in your Quotex account is locked or insufficient to cover the withdrawal amount plus any applicable fees. You must have the required balance for withdrawals to be processed.
Pending KYC verification
If you have not completed full KYC verification on Quotex, withdrawals cannot be made. Complete verification by submitting your ID and address proofs.
Incorrect account details
Any mistake in provided bank details like incorrect beneficiary name, account number, IFSC code etc can fail wire transfers. Double check details.
Security issues
Quotex may temporarily disable withdrawals if they detect any suspicious activity with your account. You need to contact customer support and resolve security issues first.
High workload
Some delays in processing withdrawals may happen during periods of high workload and traffic on Quotex’s side. But this usually normalizes within 2-3 working days.
Withdrawing funds from your Quotex trading account to bank or e-wallet accounts is simple and convenient process. Make sure to select the best withdrawal method suitable for your needs, enter accurate details, maintain required account balance and stay verified to avoid any issues with Quotex withdrawals. This will ensure smooth transfer of your money to personal bank account.