GCash Deposit on Quotex Philippines
GCash Quotex Deposit — At a Glance
| Feature | Detail |
|---|---|
| Minimum deposit | PHP 500 (≈ $10) |
| Maximum single deposit | PHP 100,000 (≈ $1,800) |
| Deposit time | Instant |
| Fees from Quotex | 0% |
| Fees from GCash | 0% (within standard daily limits) |
| Account KYC required | GCash fully verified (e-KYC) required |
| Hours | 24/7 |
Step-by-Step GCash Deposit
- Step 1 — Log into Quotex; click Deposit
- Step 2 — Select 'GCash Philippines'
- Step 3 — Enter amount in PHP
- Step 4 — Quotex displays QR code or GCash number
- Step 5 — Open GCash app; Send Money → scan QR or enter number
- Step 6 — Confirm with PIN
- Step 7 — Deposit credits in Quotex within 1-3 minutes
Withdrawal to GCash
- Minimum withdrawal: PHP 500
- Maximum daily: PHP 60,000 (~$1,100) after KYC
- Processing time: 1-48 hours typical
- Withdraws to your registered GCash number (must match Quotex KYC name)
Philippine Regulatory Notes
The Bangko Sentral ng Pilipinas (BSP) regulates GCash but does not license retail binary options brokers. SEC Philippines has issued warnings about unregulated trading platforms but has not specifically prohibited Quotex. Quotex operates as offshore broker accessible to Filipino residents. Tax obligations: BIR (Bureau of Internal Revenue) treats trading profits as taxable income under either 'Business Income' (Section 24) or 'Other Income' (Section 32). File via BIR Form 1701 for self-employed/professional category.
GCash FAQ
Is Quotex legal in the Philippines?
Not licensed by SEC Philippines or BSP. Quotex operates as offshore broker accessible to Filipino residents. SEC has issued general warnings about unregulated platforms but no specific prohibition. Trade at your own risk and declare profits to BIR.
Why was my GCash deposit declined?
Common causes: (1) GCash daily send limit hit (varies by KYC tier); (2) Quotex amount above your account-tier max; (3) GCash maintenance window. Try smaller amount or contact GCash customer support.
Can I use Maya (PayMaya) instead?
Quotex's deposit list may include Maya alongside GCash. Both are functionally similar (Philippine e-wallets, instant transactions). Use whichever wallet you already have set up.
Does GCash report Quotex transactions to BIR?
GCash transactions are recorded in their system and could be requested by BIR during audits. They don't proactively report to BIR for normal-amount transactions, but for very large flows (>PHP 500,000) AMLC may flag for review. Stay within normal limits and declare income properly.
What if Quotex shows 'GCash unavailable'?
Periodic maintenance or temporary outage. Try again in 30-60 minutes. If persistent, use bank transfer or card deposit as alternative.
Are there fees on GCash withdrawal from Quotex?
Quotex charges 0%. GCash typically charges 0% for receiving money. Some VIP-tier GCash users may have monthly free-receive limits — check your GCash account details.
Quotex
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