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Does SHENGDA FUTURES charge any undisclosed fees when making deposits or withdrawals?

Broker Issues
SHENGDA FUTURES
Fees and Spreads
08-20
United States
WikiFX
Reply

In my experience, transparency around fees is one of the most important factors I consider when evaluating any broker, and I take a particularly cautious approach with all financial transactions. With SHENGDA FUTURES, the official information clearly states that there are no restrictions on the number or amount of deposits, which initially gave me some reassurance. Deposits are accepted via credit and debit cards, as well as bank wire, and the process operates Monday to Friday during standard business hours. Typically, I expect my funds to arrive within 24 hours, which aligns with what’s mentioned here. However, when it comes to withdrawals, I notice that SHENGDA FUTURES advises clients to refer to their official website for specifics, including the single withdrawal limit, total daily limits, number of withdrawals allowed per day, and any requirements regarding guaranteed funds. This lack of detailed, fixed information on their public profile gave me pause. In my view, while this doesn’t necessarily mean there are ‘undisclosed fees,’ it does highlight a need for traders to actively verify terms directly with the broker before making a withdrawal, as fee structures can change or have branch-specific details. I haven’t encountered any hidden fees myself, but because the information about withdrawal conditions isn’t exhaustively detailed upfront, I would always recommend contacting SHENGDA FUTURES directly to clarify all potential fees and limits related to both deposits and withdrawals before funding any live account. It’s a habit that protects both my capital and my peace of mind, and it’s just good practice in a landscape where financial regulations and operational details can shift over time.

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