The minimum deposit on Quotex sits in the range of ₹800 to ₹1,000 for Indian users, depending on the payment channel you pick at checkout. Deposits carry no platform fee, and the credited balance appears in the trading account within minutes for most methods.
This page covers the exact amounts, the payment routes available to India residents, how to make a first deposit step by step, and how the figure compares with other platforms Indian traders commonly evaluate.
[!RISK] 70-85% of retail accounts trading leveraged products lose money. India residents funding international platforms like Quotex sit outside SEBI and RBI protection. Deposit only risk capital you can afford to lose.
Quotex Minimum Deposit Amount in India
The floor for a first deposit is not a single fixed number across every channel. Quotex sets a base threshold, and individual payment providers apply their own minimums on top of it.
| Payment method | Typical minimum | Currency | Processing time | Fee | |
|---|---|---|---|---|---|
| UPI | ₹800-₹1,000 | INR | Instant to 15 minutes | None from platform | |
| Local bank transfer | ₹1,000 | INR | 1-3 business hours | None from platform | |
| Debit/credit card | ₹800 | INR | Instant | None from platform | |
| Crypto (USDT, BTC) | $10 equivalent | USD/crypto | 10-30 minutes | Network fee applies | |
| E-wallet | ₹800-₹1,000 | INR | Instant | None from platform |
The base account is a Standard account. Quotex does not publish separate VIP or Pro tiers with different deposit floors for the India market, so the entry amount stays the same whether you plan to trade small or scale up later.
A few practical points about the number itself:
- The minimum is a floor, not a recommendation. Funding ₹800 gives you a live account, but position sizing on that balance is tight.
- Deposits are free on the platform side. Any charge you see comes from your bank, card issuer, or the crypto network.
- Bonuses are separate from your deposit. If you accept a deposit match bonus, the bonus portion is locked and cannot be withdrawn - only profits made on it may qualify under the bonus terms.
[!NOTE] India-issued bank cards and UPI transfers can take 1-3 business days to reflect on withdrawals depending on your issuer, even though deposits usually land faster.
If your goal is simply to see how the terminal behaves with real money, the minimum is enough. If your goal is to run a strategy with defined risk per trade, a higher starting balance gives you more room before a normal losing streak forces you to stop.
Lower minimums on Binomo
Start with as little as $10 (~₹500).
How to Make Your First Deposit on Quotex
- 01
Create and verify your account
register with email or a social login, then upload ID and proof of address. Verification before depositing avoids a freeze later.
- 02
Open the deposit section
log in, go to the deposit tab, and pick your currency. INR is supported for India users.
- 03
Choose a payment method
UPI and local bank transfer are the common picks. Cards and crypto are also listed.
- 04
Enter the amount
anything at or above the channel minimum. Start with the smallest amount that still lets you place a properly sized trade.
- 05
Confirm the payment
complete the UPI request or bank authorisation in your own banking app.
- 06
Check the balance
the funds should appear in the trading account within minutes. If not, keep the transaction reference and contact live chat.
Local payment methods
UPI, IMPS, cards, crypto — pick your option.
Deposit Methods Available to India Users
Quotex lists UPI, local bank transfers, cards, and crypto for Indian accounts. Each route behaves differently in practice.
UPI is the fastest and most familiar option. You scan or approve a request in your UPI app and the balance updates quickly. The catch is that UPI is built for domestic transfers, and repeated payments to an international trading account can trigger a bank review.
Local bank transfer moves money through standard NEFT or IMPS rails. It is slower than UPI but tends to be more stable for larger amounts, and it leaves a clean paper trail.
Cards work for instant funding but are the most likely to be declined by Indian issuers for this merchant category. If a card fails, it is usually the issuer's block, not the platform.
Crypto bypasses banking rails entirely. You send USDT or BTC to a provided address and the balance credits after network confirmation. This route avoids bank blocks but adds network fees and price exposure between purchase and deposit.
Withdrawals mirror the deposit method in most cases. Quotex does not charge a withdrawal fee, but bonuses attached to a deposit are non-withdrawable, and the profit conditions tied to them are strict.
Quotex Minimum Deposit vs Other Platforms in India
The entry amount is one of the few places where Quotex is genuinely competitive. Here is how it lines up against platforms Indian traders usually compare it with.
| Platform | Minimum deposit (INR) | Local methods | Notes | |
|---|---|---|---|---|
| Quotex | ₹800-₹1,000 | UPI, bank, cards, crypto | Standard account only | |
| Binomo | ₹500 | UPI, bank | Lower floor, faster UPI flow | |
| Olymp Trade | ₹1,000 | UPI, cards | Similar product focus | |
| IQ Option | ₹500 | Cards, crypto | Broader asset list |
Binomo sits at a lower entry point than Quotex and processes UPI deposits with fewer steps in most cases, which matters if you want to start small and test the withdrawal path quickly. That is the practical reason many India users run a Binomo account alongside or instead of Quotex.
The trade-off is not about the deposit figure alone. A ₹500 minimum is only useful if the withdrawal side is smooth and the support responds. Compare the full funding cycle, not just the first number.
If you want a broader view of how these platforms differ on fees and payouts, the Quotex review and the withdrawal guide cover those parts in detail.
Faster onboarding on Binomo
Same-day KYC for most India users.
What the Minimum Deposit Does Not Cover
A low entry amount is easy to market and easy to misread. Several costs and constraints sit outside the deposit figure.
- Leverage risk - Quotex offers leveraged positions on forex and crypto. A small balance with high leverage can be wiped by a single sharp move.
- Bonus lock-in - accepting a deposit bonus ties your funds to turnover conditions. The bonus itself is not withdrawable.
- KYC friction - unverified accounts can deposit but often cannot withdraw until documents clear.
- Bank-side blocks - RBI restrictions on international trading platforms mean your bank may decline or reverse a transfer without warning.
- No local recourse - there is no SEBI or RBI complaint channel for disputes with Quotex. Resolution depends on the platform's own support.
[!WARNING] Do not size positions as if the minimum deposit were your full bankroll. Treat the deposited amount as capital you are willing to lose entirely.
The minimum deposit is a starting point, not a safety net. Traders who treat ₹800 as a test budget and scale only after confirming deposits, trades, and withdrawals all work tend to have fewer problems than those who fund a large balance on day one.
For related setup details, the demo account page explains how to practise on virtual funds before committing real money, and the account types page covers what changes as your balance grows.
Account ready in 60 seconds
Instant access; trade in demo or live mode.
Frequently Asked Questions
-
Can I deposit less than ₹800 on Quotex?
No. The platform and its payment providers enforce a floor in the ₹800-₹1,000 range for Indian users. Crypto deposits start around a $10 equivalent.
-
Is there a deposit fee?
Quotex does not charge one. Your bank, card issuer, or crypto network may apply their own charges.
-
How long does a UPI deposit take?
Usually instant to 15 minutes. Bank transfers can take 1-3 business hours, and card deposits are typically instant when approved.
-
Can I withdraw the minimum deposit straight away?
You can request a withdrawal, but verification must be complete and any active bonus conditions may block part of the balance. Withdrawals to Indian banks can take 1-3 business days.
-
Does a higher deposit unlock better terms?
Quotex does not publish tiered accounts for India, so the deposit amount does not change spreads or platform features. It only changes how much capital you can risk per trade.
