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qirhost
1-2 years

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

Broker Issues
Neomarkets
Fees and Spreads
08-22
United States
WikiFX
Reply

Drawing from my hands-on review process as well as careful reading of client feedback, I’ve paid particular attention to the transparency of fees with Neomarkets, especially regarding deposits and withdrawals. On the surface, I found no evidence of hidden or undisclosed charges related to moving funds in or out of my account. The broker’s own communications, as well as several user comments, state that there are no hidden commissions involved. In my several months of testing, this proved accurate—what I saw listed matched my own experience, with no surprise deductions from deposit or withdrawal transactions. However, it’s vital to note the significant caveat: Neomarkets operates entirely without valid regulatory oversight. In an unregulated environment, stated policies are not subject to the strict auditing and enforcement you would expect from licensed brokers. While I did not experience any fee discrepancies myself and the available data support that claim, there’s inherently more risk that conditions could change or be less rigorously enforced. For me, that means maintaining extra caution and ensuring I double-check all transaction records. Ultimately, based on my direct experience, Neomarkets did not charge me undisclosed fees for deposits or withdrawals, but the lack of regulatory supervision means there is always a risk the situation could change with less recourse for the trader.

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