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Sanjay sirohi
Within 1 year

Does YM Securities charge any undisclosed fees when making deposits or withdrawals?

Broker Issues
YM Securities
Fees and Spreads
03-01
United States
WikiFX
Reply

Having reviewed YM Securities from my perspective as an experienced trader, I found their approach to deposit and withdrawal fees relatively transparent, especially for a Japanese brokerage. For deposits, bank transfers through Yamaguchi Bank, Momiji Bank, and Kitakyushu Bank are supported, with the handling fees generally covered by YM Securities. They also offer an EASY NET service, which is an instant, free fund transfer option for accounts with their group banks. When it comes to withdrawals, the process is done via their online platform or telephone, and the funds are transferred to the pre-registered bank account. The fact that users can specify a working day for the funds to be credited the next day adds scheduling flexibility. As far as I could determine, there were no hidden or undisclosed fees for deposits or withdrawals explicitly mentioned in any official documentation or summaries available. However, there is an account transfer fee starting at 1,100 JPY, which is clearly listed and capped at 6,600 JPY. From my own experience trading with various brokers, clarity around fees is critical, especially since unexpected costs can erode returns over time. I found YM Securities’ disclosures on this front reasonably detailed, but, as always, I would caution fellow traders to carefully review all official documentation themselves and reach out directly to the broker’s support if any fee structure details remain unclear—especially since customer support channels are not well-documented. This conservative due diligence helps ensure there are no surprises, and it is a principle I follow strictly in my own trading.

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