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Sanjay sirohi
Within 1 year

Could you give a comprehensive overview of CHINA DRAGON’s fees, covering both commissions and spreads?

Broker Issues
CHINA DRAGON
Fees and Spreads
06-26
United States
WikiFX
Reply

As someone who has navigated a variety of brokers over the years, I approach fee structures with a particularly cautious eye, understanding these costs can significantly affect long-term trading performance. When examining CHINA DRAGON, what stands out immediately is their transparent positioning as a futures broker rather than a forex or multi-asset provider, so the usual concept of “spreads” as seen in spot forex doesn’t apply here. Instead, CHINA DRAGON emphasizes margin fees, which are charges tied to the leveraged exposure on each futures contract. The broker notes that margin fees vary according to the instrument, but unfortunately, there isn’t detailed public disclosure of the actual rates or a commission table readily available, which means every trader should make personal inquiries and clarify all exact costs before committing capital. In addition, what sets my mind at ease somewhat is the regulatory oversight—CHINA DRAGON is licensed by the China Financial Futures Exchange—which, in my experience, usually means fee policies are less likely to shift arbitrarily and should be relatively standardized. Nevertheless, I always advise a conservative approach: until you have all details in writing, avoid assuming the cost structure is competitive. For withdrawals, CHINA DRAGON’s policy only allows up to 70% of available funds to be transferred at a time if there are open positions, and the profit generated on the same day cannot be withdrawn immediately. No explicit deposit or withdrawal fees are mentioned, but as a prudent trader, I know it’s wise to check for any hidden transfer charges, especially when using bank wire. Overall, while the absence of forex-style spreads simplifies things, the lack of transparent, easily accessible commission or margin tables means I’d proceed with caution, verifying all costs directly with customer support prior to funding an account. This degree of diligence is necessary with any broker—never less so with a specialized futures provider like CHINA DRAGON.

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