RE: Does the Quotex App Require Account Verification Before Withdrawing Profits?
I’m wondering if the Quotex app requires full account verification before I can withdraw my profits. For example, do I need to submit ID documents or verify my payment method before they let me cash out?
Also, is this mandatory for all users or only for certain payment methods like bank cards or credit cards?
I’d appreciate hearing from anyone who has successfully withdrawn from the app. What was your experience with the verification process?
Yes, the Quotex app does require full account verification before you can withdraw your profits, especially if your deposit was made using certain methods like a bank card. According to the Payment Policy, the company clearly states that withdrawals are only available after the full verification procedure is completed, including verification of the bank card used for making the deposit. This is done to ensure that the person making the withdrawal is the rightful owner of both the trading account and the payment method used.
The verification process is also part of compliance with international KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, as outlined in the Non-Trading Operations Regulations. Quotex reserves the right to request various documents for identity and financial verification. These can include your government-issued ID (passport, national ID, or driver’s license), proof of residence (like a utility bill or bank statement), and even documents confirming the legal source of your funds. The company can also request any additional documents they deem necessary.
Once the verification request is made, the user is expected to submit the required documents within five business days, and the verification process can take up to 10 working days. In some exceptional cases, this period may be extended to 30 working days, at the discretion of the company.
It’s also worth noting that your withdrawal method must usually match your deposit method. This means if you deposited using a particular payment system, you may only withdraw using the same method — unless Quotex decides otherwise, in which case you’ll be asked to provide additional payment details for the new method.
Failure to complete verification or providing inaccurate documents can lead to delays, withdrawal rejection, or even account suspension. In some cases, the company may also block or close the account if suspicious non-trading activity or incomplete identity checks are found.
So, in short: yes, verification is mandatory, not just for regulatory compliance, but also to ensure the safety of both the platform and its users. If you’re planning to trade or withdraw significant amounts, it’s better to get your account fully verified as early as possible.
