Evaluating a broker’s withdrawal policies is essential when considering working with them.
Our team has reviewed their withdrawal process, and this article aims to give you valuable information.
This guide will thoroughly explain the procedures required to withdraw funds from your FXNovus account.
If this article interests you, Keep Reading!!
🟠 Minimum Amount for Withdrawal:
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
🟠 Withdrawing Funds:
Once you are logged in, go to the withdrawal page. You can follow the simple directions on this page to help you through the process. Make sure you enter all necessary details correctly, such as the amount of the withdrawal and the method of payment that you wish.
You can review the process here FXNovus website.
Image Source: FXNovus FAQ Page
🟠 Processing Time:
When you submit your withdrawal request, FXNovus ideally processes and completes the transaction within 8 to 10 business days as it is declared on their website. However, some times, the processing time may differ based on internal policies and processes of your local bank.
🟠 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 Summarize:
| Withdrawing money from your FXNovus trading account is as simple as logging in, following the directions on the withdrawal page, and accurately entering the required information. |
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