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Chris hagerman
Within 1 year

Does LINE FX apply any fees when you deposit or withdraw funds?

Broker Issues
LINE FX
Deposit
Withdrawal
04-30
United States
WikiFX
Reply

Based on my direct review of LINE FX’s setup, the fee structure for deposits and withdrawals is reasonably clear, and it's something I pay close attention to as a trader who values cost transparency. When depositing funds, if I choose a traditional bank transfer, I notice that the commission falls on me—the customer. This means the bank transfer fee isn't covered by LINE FX, so it’s important to factor in what my bank would charge for such transfers, especially if I plan frequent or larger deposits. However, if I use QuickCash at certain major Japanese banks—like Mitsubishi UFJ or Mizuho Bank—then the deposit is free of commission, which for me is quite convenient and cost-effective, provided I have accounts at those supported banks. As for withdrawals, the policy is more straightforward, and in my experience as a cautious trader, this provides a level of confidence. All withdrawals via bank transfer are free from any additional fees charged by LINE FX. That's a significant plus, as hidden withdrawal charges can sometimes erode trading profits over time. Of course, while LINE FX doesn’t levy its own withdrawal fees, I always double-check with my bank in case they have separate charges. From a risk-aware perspective, I find LINE FX’s policy to be fair, as long as I remain vigilant about the potential costs associated with my specific payment methods. For me, understanding the distinctions between deposit methods and the banks involved has helped avoid surprises.

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