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Chris hagerman
Within 1 year

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

Broker Issues
DONGXING FUTURES
Fees and Spreads
07-10
United States
WikiFX
Reply

From my careful review and personal experience as a cautious trader, transparency around deposit and withdrawal fees is vital when evaluating any broker. With DONGXING FUTURES, the available information states that they process deposits and withdrawals exclusively via bank wire. Notably, for withdrawals, the system freezes both the handling fee and other applicable charges prior to daily settlement, allowing only 90% of available funds to be transferred out immediately; the remainder becomes accessible the next day. While this structure is clearly described, what stands out for me is the absence of comprehensive detail regarding the precise amount or percentage of these fees, or the handling charges themselves. I could not identify any explicit evidence of hidden or undisclosed fees; however, the limited information about the specific cost structure and the user feedback regarding withdrawal delays gives me pause. For me, dealing with brokers where all potential fees are fully spelled out before funding an account is essential. With DONGXING FUTURES, I exercise additional caution due to the lack of a demo account and the minimal transparency about trading conditions and costs. For anyone considering this broker, I strongly recommend clarifying all possible fees related to deposit and withdrawal with customer support before proceeding, to avoid any surprises and ensure funds remain accessible as expected.

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