Evaluating a broker’s withdrawal policies is essential before considering their services. FXNovus, offering CFDs in various assets, is among the brokers under our scrutiny. Our team has analyzed their withdrawal process, aiming to furnish you with pertinent details.
Withdrawing funds from your FXNovus trading account is vital for effective money management in forex trading. This guide offers a comprehensive overview of the necessary steps involved in withdrawing funds from your FXNovus account.
For a detailed walkthrough of the process, continue reading!
✔️Minimum Withdrawal Amount:
The minimum withdrawal amount from your FXNovus account is 10 EUR/USD/CHF for Credit Card and E-Wallets, and 100 EUR/USD/CHF for Wire Transfer.
Image Source: FXNovus FAQ Page
The initial step in starting a withdrawal from your FXNovus account is to log in. After successfully logging in, navigate to the withdrawal page where you’ll find straightforward instructions to guide you through the process. Ensure accurate input of all required details, including withdrawal amount and preferred payment method. Familiarize yourself with the crucial information and steps by reviewing the process on the FXNovus website.
Image Source: FXNovus FAQ Page
✔️Processing Time:
When you request FXNovus to process your withdrawal, the transaction is usually done within 8 to 10 working days. Please keep in mind, though, that the working time may be different depending on how your local bank works and what their rules are.
Frequently Asked Questions:
Can I cancel my withdrawal?
You can cancel a withdrawal as long as the transfer is not processed.
How long does it take for my withdrawal to be processed?
The withdrawal process takes about 8 to 10 business days to get your withdrawal request. Please note that it may differ depending on your local bank.
Can I withdraw while I have open positions?
Yes, you can withdraw at any time as long as you have sufficient margin in your account to cover the withdrawal amount and any extra fees that may occur.
What are the withdrawal fees at FXNovus?
Customers that participate in trading and have fully confirmed accounts are entitled to a fee-free withdrawal. All other withdrawal requests, however, will be subject to a cost, with the company retaining the right to charge a withdrawal fee equal to 10 EUR/USD. You will receive instructions on the verification process you need to follow if your account has not been confirmed in compliance with the terms set forth by the company. The withdrawal request may be canceled after seven days if the verification requirements are not met. In order to confirm the withdrawal request, your Account Manager will get in touch with you when you’ve finished all required verification steps. If no unusual circumstances are found, the funds will be released no later than the eighth day after the request. In accordance with strict rules guaranteeing money are returned to their original source, it could take up to 10 business days (depending on your bank) for the funds to be transferred back to the account from which you made the original deposit.
You may find all the information you require about withdrawals on the FXNovus Legal Page, where you can also look for more details.
Image Source: FXNovus Legal Page
To get money out of your FXNovus trading account, all you have to do is log in, follow the instructions on the payout page, and enter the correct information. It’s important to remember the minimum amounts you can take, any fees that might apply, and the chance of getting your money back. Also, the time it takes to finish your withdrawal can change based on your local bank.