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Does China Galaxy charge any undisclosed fees when making deposits or withdrawals?

Broker Issues
China Galaxy
Fees and Spreads
04-02
United States
WikiFX
Reply

Having traded for years and dealt with many brokers, I've learned to approach any questions about fees—especially those related to deposits and withdrawals—with a high degree of scrutiny. In the case of China Galaxy, based on the available info, the broker provides several deposit and withdrawal methods, such as bank counter, ATM, online banking, and FPS. However, I could not find specific, transparent details about fees for these services. What personally gives me pause are the multiple credible reports that users have faced significant hurdles or outright refusals when attempting withdrawals, often without clear explanations from customer service. When a broker is regulated by Hong Kong's SFC, as China Galaxy is, I usually expect a certain degree of operational transparency. Still, user accounts asserting that withdrawal requests have been met with vague excuses or delays cannot be ignored. In my experience, a lack of openly stated fee structures—combined with user complaints about withheld funds—is a red flag suggesting potential for hidden costs or operational issues. For my own capital protection, I prefer brokers that are upfront about every aspect of their fee policy and have a reliable track record on fund accessibility. Therefore, I urge caution and recommend that anyone considering China Galaxy directly contacts their support to request comprehensive, written disclosure of all possible fees before transferring funds.

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