How to Deposit on Quotex from Saudi Arabia

Quotex has no direct integration with mada, Saudi Arabia's domestic card network. To fund an account, most Saudi traders buy USDT on Binance P2P using a local bank transfer or a supported Saudi payment method, then withdraw that USDT straight to Quotex. A bank card is the other option where your issuer permits international transactions to a trading platform, since a mada card's Visa or Mastercard co-badge covers international use but approval for this specific merchant category is bank-dependent, not guaranteed. Crypto is the route most Saudi traders rely on in practice, largely because it sidesteps that bank-approval uncertainty entirely.

Before you fund anything, read the separate legal and religious considerations that apply specifically to this market: Is Quotex Legal in Saudi Arabia?

Quick Reference

Route 1: Deposit via USDT Bought on Binance P2P (Recommended)

This is the route most Saudi traders use in practice. You buy USDT on Binance P2P with a local bank transfer or a supported Saudi payment method, then send the USDT directly to your Quotex account.

Step 1 — Get your Quotex USDT deposit address

Log in at qxbroker.com. Go to Finance > Deposit > Cryptocurrency, select USDT, and check which network Quotex specifies for that deposit address. Copy the address exactly. Sending to the wrong network can result in lost funds that Quotex support may not be able to recover.

Step 2 — Buy USDT on Binance P2P with SAR

Open Binance P2P and filter for USDT sellers accepting a local bank transfer or another supported Saudi payment method. Prioritise sellers with:

• A high completed-trade count and a completion rate close to 100%
• A rate that's in line with a few other listings, not a noticeable outlier
• Clear payment instructions before you release any funds

If a rate looks unusually generous compared to everyone else, treat that as a warning sign rather than a bonus.

Step 3 — Pay the seller and confirm the order

Place your order for the USDT amount you need (Quotex's minimum is $10). Send payment through the method instructed in the order, using the reference details Binance shows. Mark the order as paid only after the transfer is sent. Binance holds the seller's USDT in escrow until you confirm payment, which is the buyer protection built into the P2P process.

Step 4 — Withdraw USDT to your Quotex address

Once the seller releases the USDT into your Binance wallet, go to Withdraw, select USDT, choose the same network your Quotex deposit address specified in Step 1, paste the address, and confirm. Binance deducts a small network fee.

Step 5 — Wait for confirmation

Blockchain transfers typically confirm within 10–30 minutes, depending on network congestion. Check your Quotex balance under Finance once the transaction clears.

Route 2: Bank Card

Quotex accepts Visa/Mastercard deposits where the card issuer permits transactions with an international trading platform. A mada-branded debit card carries a Visa or Mastercard international co-badge, but that doesn't guarantee approval for a charge to an overseas trading merchant; Saudi banks apply their own risk policies to this category, and declines aren't uncommon. This route skips the crypto step entirely when it works, but if your card is declined, that's typically an issuer-side restriction rather than a Quotex-side error.

Fees and Exchange Costs

Quotex itself charges no deposit fees. The real cost for Saudi traders comes from:

• Binance P2P spread: varies by seller; compare a few listings before committing to one
• Network withdrawal fee: a small flat fee deducted by Binance when you withdraw USDT
• SAR/USD conversion: the riyal's peg to the dollar has held since 1986, so this variable is far more predictable here than in markets with floating exchange rates

There's no single published fee figure for funding Quotex from Saudi Arabia, since the P2P seller's rate and Binance's own network fee are the two variables that determine your actual cost.

What to Do if Your Deposit Is Delayed or Fails

Binance P2P route: 1. If a seller hasn't released USDT within the platform's stated appeal window after you've marked payment as sent, use Binance's in-app appeal function rather than waiting indefinitely. 2. Keep your payment confirmation (bank transfer receipt or payment app record) as evidence for the appeal. 3. Don't release a second payment or send funds outside the Binance order flow; that removes Binance's escrow protection.

USDT-to-Quotex transfer: 1. Check the transaction on the relevant blockchain explorer using your transaction hash. Confirm the destination address and network match what Quotex issued. 2. If the blockchain shows confirmation but Quotex hasn't credited the deposit, contact Quotex support via qxbroker.com with the transaction hash and a screenshot. 3. Don't send a second deposit before the first is resolved. Duplicate transfers complicate support tickets.

Common failure points: - Wrong network selected for the USDT transfer - Deposit address copied incorrectly - Marking a P2P order as paid before the transfer has actually gone through

Deposit Limits

Quotex's own minimum is $10 with no published maximum on its side. Bank-level daily and per-transaction limits on your Saudi account are set by your own bank, and Binance P2P orders have minimum and maximum amounts set individually by each seller. Check your bank's current transfer limits and a seller's stated order range before attempting a larger transfer.

Alternative Deposit Methods

• Bank card — where your issuer allows international trading-platform transactions (covered above)
• Other cryptocurrencies — Quotex accepts several crypto assets beyond USDT; check your account's deposit page for the current list if you already hold a different coin

For the full platform assessment, see the Quotex Review for Saudi Arabia. For the legal and religious considerations around funding an account this way, see Is Quotex Legal in Saudi Arabia?

Last updated: 5 July 2026. BrokerGrove — independent guides for Saudi traders. Published by Aariz Khan. This is an independent website not affiliated with Quotex.

Sources used on this page: - mada — Saudi Payments Network, official site - CMA — Standing Committee warning on virtual currencies - SAMA — MCI, CMA and SAMA warn public against unlicensed forex activities - qxbroker.com — official platform