When choosing a broker, it’s crucial to evaluate their withdrawal policies thoroughly. FXNovus, which offers CFDs on a range of assets, is a broker under our review. Our team has analyzed their withdrawal process to provide you with key insights.
Withdrawing funds from your FXNovus trading account is an essential part of managing your finances in forex trading. This guide outlines the steps to withdraw funds from your FXNovus account.
For a detailed guide, keep reading!
✔️Minimum Withdrawal Amount:
The minimum withdrawal amount at FXNovus is 10 EUR/USD/CHF for Credit Cards and E-Wallets, and 100 EUR/USD/CHF for Wire Transfers.
Image Source: FXNovus FAQ Page
To begin a withdrawal, log into your FXNovus account. Once logged in, head to the withdrawal page, where you’ll find clear instructions to guide you through the process. Be sure to enter all required information, including the withdrawal amount and payment method. Review the necessary steps on the FXNovus website to ensure everything is in order.
Image Source: FXNovus FAQ Page
✔️Processing Time:
FXNovus typically processes withdrawal requests within 8 to 10 business days. However, the actual time may vary depending on your local bank’s procedures.
Frequently Asked Questions:
- Can I cancel my withdrawal?
Yes, you can cancel a withdrawal if it hasn’t been processed yet. - How long does it take for my withdrawal to be processed?
Withdrawals are generally processed within 8 to 10 business days. However, this timeline may vary based on your local bank’s policies. - Can I withdraw while I have open positions?
Yes, you can withdraw funds at any time as long as your account has sufficient margin to cover the withdrawal and any additional fees. - What are the withdrawal fees at FXNovus?
Withdrawals are free for fully verified accounts. For unverified accounts, a fee of 10 EUR/USD applies. If your account is not verified according to FXNovus’s requirements, you will be informed about the verification steps. If the verification is not completed within seven days, the withdrawal request may be canceled. Once all necessary verifications are complete, your Account Manager will assist in finalizing the process. The funds will be released within eight days, barring any unusual delays. As per company policies, funds are returned to the original deposit source, which may take up to 10 business days, depending on your bank.
For more information about the withdrawal process, visit FXNovus’s Legal Page.
Image Source: FXNovus Legal Page
To withdraw funds from your FXNovus trading account, simply log in, follow the instructions on the payout page, and ensure that all information is entered correctly. Be aware of the minimum withdrawal limits, possible fees, and the processing time, which can vary depending on your local bank.