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Mansuber007
Within 1 year

Does FX Connect charge any undisclosed fees when you make deposits or withdrawals?

Broker Issues
FX Connect
Fees and Spreads
04-04
United States
WikiFX
Reply

Based on my careful review of the available information and drawing from my experience in trading, I exercised particular caution when considering the safety and transparency of brokers like FX Connect. A key concern for me is always the clarity around deposit and withdrawal fees, as hidden charges can significantly impact my trading costs and trust in a platform. From what is presented, FX Connect does not disclose any details about deposit or withdrawal fees, nor does it highlight its policies regarding transaction costs in these areas. Adding to my caution, FX Connect operates without any valid regulatory oversight, and several warning flags are noted—including a suspicious regulatory license and the explicit statement that it is an unregulated entity. For me, this lack of regulation and transparency increases the risk of encountering issues such as undisclosed fees or even delays in processing withdrawals. In my own trading, I prioritize brokers that post clear, accessible fee structures and offer regulated custodial practices, precisely to avoid unexpected losses. Without evidence to the contrary or any clear listing of fees, I cannot in good conscience say that FX Connect is free from undisclosed charges. For anyone considering this broker, I strongly advise a conservative approach and recommend directly verifying all cost and fee details with the company before funding any account, as unregulated status significantly limits any external recourse.

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