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Yousef47
Within 1 year

Does CITIC Futures charge any undisclosed fees when making deposits or withdrawals?

Broker Issues
CITIC Futures
Fees and Spreads
08-06
United States
WikiFX
Reply

From my experience researching brokers and cautiously managing my own trading operations, transparency around fees is critical—especially for deposits and withdrawals. With CITIC Futures, the information provided shows that the broker openly acknowledges a variety of fees are charged, and that these fees may differ depending on the products and exchanges involved. However, there isn't any explicit detail about undisclosed or hidden charges for deposits or withdrawals specifically. I always prioritize regulatory status when evaluating such uncertainties. CITIC Futures operates under licenses issued by CFFEX in China and is also regulated in Hong Kong. Given these regulatory frameworks, there is a strong expectation of compliance with official disclosure standards. That said, the documentation indicates that clients are directed to consult the official website for the most current and product-specific fee structures, which is a prudent practice in an environment where fee schedules can be complex. As a trader, I would never assume there are no additional costs simply because information is limited; I always recommend directly consulting the broker’s official communication channels and requesting a detailed breakdown of all potential deposit and withdrawal fees. This cautious approach helps avoid surprises, especially since financial brokers can update their policies over time. For me, due diligence means confirming not just what’s listed, but also what might be omitted due to the evolving nature of financial regulation and regional practices.

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