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Nali5689
Within 1 year

Does RHB apply any charges when you deposit or withdraw funds?

Broker Issues
RHB
Deposit
Withdrawal
03-08
United States
WikiFX
Reply

In my own evaluation as a trader, I could not find explicit details about deposit or withdrawal fees being charged by RHB from the provided context. The information that I accessed primarily focuses on the broker’s portfolio, regulatory status, and financing service rates, such as interest rates on margin and facility fees for specific financing solutions. However, there’s no direct mention of charges specifically for depositing or withdrawing funds. Given RHB’s revoked SFC license and the overall high-risk warnings around its regulatory compliance, I am personally very cautious about funding or withdrawing money with this broker. In my experience, the lack of transparent, published fee schedules for fundamental transactions like deposits or withdrawals is a red flag and could result in unexpected costs. For me, the absence of clear information raises concerns about how client funds are managed and what charges could potentially be incurred. My standard approach is to demand upfront clarity from any broker before transferring funds, particularly if their regulatory standing is questionable or revoked. Because of these uncertainties, I would recommend that anyone considering this firm proceed with a great deal of care and directly confirm all cost-related details with customer support before making any financial commitments.

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