RE: How Long Does Quotex Take to Process Withdrawals, and Have You Experienced Delays?
I’ve been using Quotex for trading and was wondering about the typical withdrawal processing time. The platform states that withdrawals can take up to 2 to 5 business days, but I’ve seen cases where some traders report getting their funds faster, while others mention delays of 7 days or more.
For those who have withdrawn funds from Quotex:
🔹 How long did it take for your withdrawal to be processed?
🔹 Which payment method did you use, and did it affect the speed?
🔹 Have you ever faced withdrawal rejections or requests for additional verification?
🔹 Did Quotex ever change withdrawal limits or hold your funds for unexplained reasons?
Would love to hear about your experiences—should traders be concerned about withdrawal delays, or is this just normal for binary options brokers?
Official Withdrawal Processing Time
According to Quotex’s Payment Policy, withdrawal requests are reviewed within 7 days, but in some cases, this period may extend up to 14 days.
Factors Affecting Withdrawal Time
1️⃣ Verification Requirements: If your account is not fully verified, withdrawals can be delayed until you submit identity documents such as a passport, utility bill, or bank statement.
2️⃣ Payment Method Used
- Bank Transfers: Can take 3 to 45 days, depending on the bank.
- E-wallets & Cryptos: Usually processed faster but still depend on internal reviews.
3️⃣ Account Activity & Risk Monitoring: If Quotex flags your account for suspicious activity (such as unusual transaction patterns or non-trading operations), they can delay, limit, or reject the withdrawal request.
4️⃣ Withdrawal Limits & Restrictions: If a trader attempts to withdraw more than their deposited amount without meeting certain conditions, Quotex may reject or delay the transaction.
5️⃣ Chargeback & Fraud Prevention Measures – Quotex may hold withdrawals if they suspect fraudulent activity, money laundering, or if a trader used a payment method that does not match their verified identity.
Common Withdrawal Issues and Complaints
🚨 Second Withdrawals Take Longer: Some traders report that the first withdrawal is processed quickly, but subsequent withdrawals take much longer due to additional security checks.
🚨 Account Freezes & Withdrawal Holds: Quotex reserves the right to block accounts, restrict withdrawals, or request additional verification if they suspect any violations of their policies.
🚨 Conversion Fees & Delayed Payouts: If a withdrawal involves currency conversion, Quotex sets its own exchange rate, which may result in a lower payout than expected.
What Can You Do If a Withdrawal is Delayed?
✔️ Check Verification Status: Ensure your account is fully verified with all required documents.
✔️ Use the Same Payment Method for Deposits & Withdrawals: Quotex prefers withdrawals to be processed through the same method used for deposits to prevent fraud.
✔️ Contact Support: If a withdrawal exceeds 14 days, reach out to Quotex’s support team at [email protected].
✔️ Monitor Trading Activity: Avoid engaging in suspicious transactions that could trigger security reviews.
Final Answer: How Long Does Quotex Take to Process Withdrawals?
Quotex typically processes withdrawals within 7 days, but in some cases, this can take up to 14 days or more. Bank transfers may take up to 45 days. Withdrawal delays may occur due to verification checks, account risk assessments, and compliance with anti-money laundering policies.
Have you experienced any withdrawal issues on Quotex?
