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seejay
Within 1 year

Are there any inactivity fees associated with Upbest, and if they exist, under what circumstances are they applied?

Broker Issues
Upbest
Fees and Spreads
07-09
United States
WikiFX
Reply

Based on my review of Upbest, I was not able to find any clear or explicit information regarding inactivity fees. From my experience, understanding a broker’s fee structure is crucial before committing funds, especially for inactive periods where unexpected charges can erode capital. Upbest's WikiFX profile focuses on regulation (noting their SFC license in Hong Kong for futures contracts), basic company details, and user reviews, but does not specify the presence or absence of inactivity fees or under what circumstances such charges might apply. This lack of transparency is something that, for me, raises a red flag. As someone who values cost clarity, I always approach brokers that don’t openly publish their inactivity, maintenance, or dormant account fees with caution. I’ve learned that assumptions around fee policies can be risky, often leading to unforeseen costs. Given Upbest’s limited operational history (less than a year) and the absence of explicit detail on this issue, I would advise reaching out directly to their customer support for up-to-date answers about potential inactivity fees. In my view, it’s prudent not to proceed with any broker—particularly less-established ones—until all possible charges are made clear in writing, ensuring greater peace of mind when planning long-term trading or investing strategies.

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