Assessing a broker’s withdrawal rules is crucial when thinking about them. FXNovus, which provides CFDs in stocks, commodities, currency, indices, and cryptocurrencies, is one of the brokers that we are keeping an eye on. Our staff has assessed their withdrawal process, and this post seeks to provide you with relevant information.

Taking money out of your FXNovus trading account is essential to managing your money as a forex trader. This tutorial will provide a thorough explanation of all the procedures needed to take money out of your FXNovus account.

For an in-depth understanding of the procedure, 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

💠The Procedure for Withdrawing Funds:

Logging in is the first step towards initiating a withdrawal from your FXNovus account. Once your login has been successful, 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 information correctly, such as the amount of the withdrawal and the method of payment that you desire. To ensure you are aware of the essential information and stages, review the process on the FXNovus website.

Image Source: FXNovus FAQ Page

💠Processing Time:

After you submit your withdrawal request, FXNovus normally processes and completes the transaction within 8 to 10 business days. However, please be aware that 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

💎 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. It’s important to keep in mind the minimum withdrawal amounts, any possible costs associated with them, and the potential for chargeback. Additionally, depending on your local bank, the time it takes to complete your withdrawal can vary.

If given the option, would you select FXNovus as your broker?