- 1. A TopBrokers360 FXNovus Review on Withdrawals
- 2. Pros and Cons of FXNovus Withdrawals
- 3. FXNovus Withdrawal Options and Availability
- 4. FXNovus Withdrawal Processing Times
- 5. Can You Cancel an FXNovus Withdrawal?
- 6. What Are the Withdrawal Fees at FXNovus?
- 7. Withdrawing While Having Open Positions
- 8. How to Request a Withdrawal from FXNovus
- 9. Are FXNovus Withdrawals Legit?
- 10. Frequently Asked Questions
A TopBrokers360 FXNovus Review on Withdrawals
As part of our FXNovus review, we aim to guide traders through the essential aspect of managing withdrawals. The FXNovus withdrawal process is designed to be transparent and secure, ensuring traders can access their funds without unnecessary complications. FXNovus, a trusted broker regulated by the FSCA, allows traders to withdraw profits efficiently, and this guide provides all the details.
Pros and Cons of FXNovus Withdrawals
Pros
- Multiple payment options including credit cards, e-wallets, and bank wires
- Clear communication on processing times and swap charges
- Secure and compliant with AML regulations
Cons
- No cryptocurrency withdrawals supported
FXNovus Withdrawal Options and Availability
FXNovus offers a range of withdrawal methods to accommodate traders in different regions. Available methods include credit/debit cards, e-wallets (such as Skrill and Neteller), and bank wires.
The minimum withdrawal amounts are as follows:
- Credit cards/e-wallets: 10 EUR/USD/CHF
- Bank wire transfers: 100 EUR/USD/CHF
It is important to note that FXNovus adheres to AML regulations, meaning the withdrawal method must match the one used for deposits.
Image Source: FXNovus AML Policy
FXNovus Withdrawal Processing Times
The FXNovus withdrawal process typically takes 8 to 10 business days, regardless of the payment method used. While some payment processors, like e-wallets, may have faster external processing once FXNovus has completed their part, the overall process depends on the method and your local bank’s processing times. Bank wires often take longer due to third-party banking systems, while credit/debit cards and e-wallets may be slightly quicker once FXNovus releases the funds.
Can You Cancel an FXNovus Withdrawal?
Yes, you can cancel a withdrawal as long as it hasn’t been processed. Simply log into your FXNovus client area, navigate to the withdrawal section, and cancel the pending request. If the funds haven’t left your account, the request can be modified or canceled.
What Are the Withdrawal Fees at FXNovus?
FXNovus reserves the right to charge a withdrawal fee depending on the circumstances. While many traders may not encounter internal fees, external fees (such as third-party bank or payment processor charges) may apply, particularly for currency conversion or international bank wires. As with all brokers, always review the General Fees section in your account for up-to-date information.
Image Source: FXNovus General Fees
Withdrawing While Having Open Positions
You can withdraw funds even if you have open positions, as long as your account maintains sufficient free margin to cover the withdrawal amount and any fees. This ensures your open trades are not impacted by a lack of margin.
How to Request a Withdrawal from FXNovus
Requesting a withdrawal is simple:
- 1. Log into your FXNovus account via the FXNovus login page.
- 2. Go to the "Withdraw Funds" section within the FXNovus client area.
- 3. Select your preferred payment method.
- 4. Enter the withdrawal amount and ensure you have enough free margin to cover it.
- 5. Submit your request.
FXNovus will process the withdrawal within 24-48 hours and send you a confirmation email once completed.
Image Source: FXNovus Client Area
Are FXNovus Withdrawals Legit?
FXNovus provides a secure and transparent withdrawal process. With multiple payment methods and flexible minimum withdrawal amounts, the broker ensures traders can access their funds efficiently. Although withdrawal fees may apply in some cases, the broker maintains a high level of transparency and security throughout the process.
➟ Ready to make your withdrawal? Log into the FXNovus client area today to get started!
Frequently Asked Questions
How much does FXNovus charge to withdraw money?
FXNovus reserves the right to charge withdrawal fees depending on the circumstances. Always check the General Fees section on your account for specific details.
Is FXNovus legit?
Yes, FXNovus is a legitimate broker, regulated by the FSCA in South Africa, under license number 50963. The broker complies with strict regulations to ensure secure and transparent trading.
How long does a withdrawal from FXNovus take?
Withdrawals from FXNovus take between 8 to 10 business days, depending on the method used. E-wallets tend to be faster, while bank wires may take longer.
How do I close my FXNovus account?
To close your FXNovus account, contact customer support via email or phone, and they will guide you through the process.
Can I cancel a withdrawal request from FXNovus?
Yes, you can cancel your withdrawal request as long as it hasn’t been processed. Log in to your FXNovus client area to cancel the request.
What is the minimum withdrawal amount at FXNovus?
The minimum withdrawal amount is 10 EUR/USD/CHF for credit card and e-wallet withdrawals, and 100 EUR/USD/CHF for bank wire transfers.
Can I withdraw funds while I have open positions?
Yes, as long as you maintain enough margin to cover your positions and the withdrawal amount, you can withdraw funds at any time.
What withdrawal methods does FXNovus offer?
FXNovus offers bank wires, credit/debit cards, and e-wallets such as Skrill and Neteller. The availability may depend on your region.
Does FXNovus support cryptocurrency withdrawals?
No, FXNovus does not currently support cryptocurrency withdrawals.
What are FXNovus swap charges?
FXNovus charges swap fees for positions held overnight. These charges are transparent and clearly listed on the platform, allowing traders to anticipate costs.
Can I request an FXNovus chargeback?
It is advisable to speak to FXNovus support first to resolve any issues. They can guide you through the best steps before considering a chargeback.
