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Darren Ross
Within 1 year

Does YLG charge any undisclosed fees when you make deposits or withdrawals?

Broker Issues
YLG
Fees and Spreads
03-05
United States
WikiFX
Reply

In my experience as a trader, transparency with fees is essential, particularly when it comes to deposits and withdrawals. For YLG, the lack of regulatory oversight raises immediate concerns for me about the clarity and fairness of their fee structure. Based on the information available, YLG operates in Thailand without valid regulation from financial authorities. Importantly, their public documentation does not clearly detail their policies regarding deposit or withdrawal charges, leaving a critical gap in transparency that I find concerning. Because the fee structure is described as "unclear," I could not verify with certainty whether YLG charges undisclosed fees for deposits or withdrawals. In my trading career, this kind of vagueness, especially from an unregulated broker, constitutes a significant risk. Without regulatory requirements pushing for full disclosure, traders like myself must assume that unexpected or hidden charges are a possibility. For me, the fact that YLG does not publish clear fee information is a red flag. If I were considering this broker, I would approach with extreme caution and avoid making deposits until I received direct confirmation of all potential fees—preferably in writing. This conservative approach is, in my view, the only prudent course when the safety of my funds cannot be assured by oversight and transparency.

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