The analyst gives insight into the Quotex withdrawal guide

Trading is a challenging endeavor. When you trade in foreign currency, the difficulty increases. Risks are significant in such markets, and the market is volatile, necessitating immediate action. You may, however, reach a point where you make a good profit. You should withdraw them from your Forex trading account to use them efficiently. However, it would help to understand the fundamentals of withdrawing your funds efficiently and effectively.

This post will highlight the step-by-step guide to navigating the withdrawal procedure from the Quotex trading platform, including information on withdrawal methods available, as prepared by Traders Union Analyst.

How to withdraw funds from Quotex?

In answering the question of How to withdraw funds from Quotex, Traders Union Analyst recommended the following steps:

•         First, sign in to your account;
•         Then go to the Withdrawal menu.
•     Select a payment method: Use the same method for deposits and withdrawals on QUOTEX. If you want to alter the method, contact customer service.
•     Enter your payment information here: Enter the payment address (also known as the purse) for your chosen withdrawal method. For example, if you want to withdraw using Bitcoin, enter the Bitcoin address where you want the funds sent and the amount you want to withdraw in the purse section.
•     Enter the confirmation code: As part of QUOTEX’s two-factor authentication process, you will receive an email with a confirmation number. To verify your withdrawal request, enter this code.
•     Submit your withdrawal request: Your withdrawal request will be placed after you click the confirmation button. You must now wait for the process to be completed.
•     Examine the withdrawal status: On the QUOTEX platform, you may track the status of your withdrawal request. One of the following statuses is possible:

o   Failed: The withdrawal was unsuccessful owing to a technical issue.

o   QUOTEX is currently processing the withdrawal request.

o   The withdrawal procedure has been completed successfully.

If the transaction is successful, the funds should be credited to your account within the time frame specified.

QUOTEX withdrawal methods, speed, and fees

Traders Union Analyst compiled the following withdrawal methods, together with their respective speeds and prices of Quotex.

• Withdrawal methods include Visa and Mastercard, electronic payment systems (Perfect Money, Piastrix, and FK Wallet), and cryptocurrencies (BTC, LTC, and ETH).
• QUOTEX does not charge withdrawal fees. However, payment systems may incur transfer fees ranging from 1% to 5%.
• Withdrawal requests are typically processed within three business days.
• Minimum withdrawal amounts: Most payment methods have a $10 minimum withdrawal amount; however, cryptocurrencies have a $50 minimum (with greater minimums for individual currencies).
• Withdrawal time: The withdrawal procedure typically takes one to five days.
• Large withdrawal verification: QUOTEX may request verification for large withdrawals, although the specific threshold is not disclosed on their website.
• AdvCash, Perfect Money, and MoMo Wallet are some of the electronic payment methods that are accessible.

What are the benefits of Quotex’s trading platform? 

Traders Union Analyst highlighted some unique perks and services offered by the trading platform, it includes:

• Efficient digital sign-up process: Opening a QUOTEX account is fully digital, quick, and dependable, allowing traders to begin their trading career quickly.
• Withdrawals are quick and easy: QUOTEX provides a good user experience by providing a quick and easy withdrawal method that allows traders to get their funds quickly.
• Advanced charting tools and indicators: The platform provides various tools and technical indicators, such as MACD and Bollinger Bands, allowing traders to make informed decisions and fine-tune their trading strategies.
• Demo account for all levels of experience: QUOTEX offers a demo account appropriate for traders of all levels of competence, from novices to seasoned pros. Users can use this function to test trading strategies and earn significant experience in a risk-free environment.

§  Free registration and usage: Because the platform is free to join and use, QUOTEX is accessible to traders with various budgets and financial goals. This lets more people use the platform’s resources and tools without additional expenditures.