Quotex Minimum Deposit in India (2026)

Last Updated: 19 May 2026 · By Trading Research Team · Reading time: 6 min

The Quotex minimum deposit globally is $10 USD. In Indian Rupees at 2026 exchange rates, that converts to roughly ₹830–₹880 depending on which payment rail you use and the FX rate that rail applies. This page explains the exact INR amount you should plan for, how each Indian payment method differs, and what to do when your bank declines a trading-related transaction.

Quotex minimum deposit in INR — what to actually budget

Rail	$10 in INR (approx.)	Effective FX markup
UPI (PhonePe / GPay / Paytm)	₹845 – ₹870	1.0 – 1.5%
Net banking / IMPS	₹845 – ₹870	1.0 – 1.5%
Visa / Mastercard debit	₹860 – ₹895	2.0 – 3.5%
USDT (TRC-20)	₹835 – ₹855	0.5 – 1.0%

Most users budget ₹1,000 for the first deposit to leave a buffer for FX rounding and small platform fees.

Step-by-step: making your first INR deposit

Open the deposit page from your Quotex account dashboard.
Select India as your country and INR as the currency. The payment options shown will be limited to those that work in India.
Choose UPI as the cheapest, fastest method (or USDT if your bank has been declining UPI mandates).
Enter the amount in INR. Quotex will convert and show you the USD that will hit your trading balance.
Confirm in your UPI app (PhonePe / GPay / Paytm).
Funds usually arrive in 30 seconds to 10 minutes. If they do not, check the UPI app for a transaction reference and contact Quotex support with that reference.

What to do when your bank declines the deposit

Indian banks increasingly block payments tagged as MCC 6051 (cryptocurrency / online trading). Common symptoms: UPI shows "transaction declined by issuer" or your card returns "international transaction not allowed". Working alternatives in 2026:

Use a different bank — Kotak 811, IndusInd and some smaller co-operative banks process trading UPI more reliably than the major PSU banks.
Switch to USDT (TRC-20): buy USDT from a CoinDCX / WazirX / Mudrex INR account, then send to Quotex's deposit address.
Use net banking from a personal (not business) account; trading deposits flagged on business accounts get auto-reviewed.

Taxation: do you owe tax on Quotex profits in India?

Profits from offshore trading platforms are taxable. There is no clean statutory category for digital-options trading in India, so most chartered accountants classify it as either "Income from Other Sources" (taxed at your slab rate) or as speculative business income (taxed at slab rates with limited loss set-off). Quotex is an offshore broker, so no TDS is deducted at source — you must self-report. Keep a CSV export of all trades and withdrawal receipts for the financial year. Consult a CA before filing.

Realistic budgeting recommendation

Suggested first-deposit sequence for Indian users:

Practise on the free $10,000 demo account for at least 2 weeks.
Complete KYC on Quotex (PAN + Aadhaar + utility bill).
Deposit ₹1,000 via UPI.
Place 5–10 small trades while keeping a written journal.
Immediately request a ₹500 withdrawal to verify the full round-trip works on your bank.
Only then consider larger deposits.

Related guides

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Disclaimer: This page is an unofficial affiliate guide. We are not the official Quotex platform. Trading involves substantial risk and may result in the loss of your invested capital. The content is educational and not financial, legal or tax advice.