If you're just starting out with Quotex and wondering how to withdraw your money, you're not alone. Many new traders—from India to the Philippines—often ask similar questions: How long do withdrawals take? Are there any fees? And which country is Quotex from? And importantly, is trading on Quotex allowed by SEBI? Understanding regional regulations and the origin of the platform helps build trust, especially when your own funds are at stake.

Step 1: Verify Your Account Before Withdrawing

Before you can withdraw real funds, make sure your Quotex account is fully verified. This is a standard process in most trading platforms to prevent fraud and comply with international anti-money laundering (AML) regulations.

You’ll typically be asked to upload:

• A valid ID or passport

• Proof of payment (e.g., a screenshot of your deposit method)

• Possibly proof of address (like a utility bill or bank statement)

Without verification, your withdrawal request may be delayed or rejected. It's best to complete this step right after your first deposit.

Step 2: Go to the Withdrawal Section

Once your account is verified:

1. Log in to your Quotex account

2. Click on your profile icon

3. Select “Withdraw Funds” from the drop-down menu

4. Choose your preferred withdrawal method

Available withdrawal methods may include:

• UPI / IMPS (in India)

• Bank transfers

• Skrill

• Perfect Money

• Bitcoin or other cryptocurrencies

⚠️ Important: Your withdrawal method must match your deposit method. If you deposited using Bitcoin, your withdrawal will also be sent to your crypto wallet.

Step 3: Enter Withdrawal Amount and Confirm

• The minimum withdrawal on Quotex is typically $10, but this may vary based on region and payment provider.

• There are no withdrawal fees charged by Quotex, but your bank or payment system might apply charges.

• Double-check your wallet or account number before confirming.

After confirmation, your request is processed, usually within 1 to 5 business days, though many users report receiving their money within 24 hours.

Step 4: Monitor Withdrawal Status

You can track the status of your request in the “Transaction History” section of your profile. If it’s still showing as “Pending” after 48 hours, consider:

• Contacting Quotex’s support via live chat or email

• Ensuring that your documents are approved

• Verifying that your payment method is eligible for payouts

As someone who helps beginners get started, I always remind new traders:

“Fast withdrawals come down to clean documents, correct details, and patience with the first verification.”

🌍 Where Is Quotex Based and Why It Matters

Before trusting any trading platform with your money, it’s important to understand its background. Many users search for answers like which country is Quotex from to verify the broker's legitimacy. Quotex is operated by Maxbit LLC, a company registered in St. Vincent and the Grenadines. While this allows them to offer services internationally, it's crucial to understand that such registration may differ from local regulation in countries like India or the Philippines. Always trade with awareness of your region’s financial guidelines.

Is Quotex Approved by SEBI—or Not?

Many Indian users ask: is trading on Quotex allowed by SEBI? It’s crucial to be aware that Quotex is not directly regulated by India’s Securities and Exchange Board (SEBI). This means the platform operates under international regulations rather than SEBI oversight. Understanding this helps you assess your risk exposure, your rights as an investor, and your recourse options under Indian law.

Conclusion

Withdrawing money from Quotex is a straightforward process if your account is verified and your payment method is eligible. To ensure a smooth experience, follow the steps carefully, double-check your information, and don’t hesitate to reach out to support if anything goes wrong.

Whether you’re trading forex, crypto, or digital options, your withdrawal is your reward—handle it wisely.