WikiFX

Reply

Based on my experience as an independent trader, evaluating a broker like IFX requires particular caution—especially when it comes to deposits and withdrawals. The information I uncovered shows consistent user concerns about unexpected fees. Multiple exposures mention clients being asked for various types of charges related to withdrawals: handling fees, commission, processing fees, and even so-called "unfreezing" fees. Some users even reported demands for further deposits before withdrawal was permitted. From my perspective, these patterns are a major red flag. While IFX does promote its payment and foreign exchange services, its regulatory status is problematic; both FCA and DFSA licenses are listed as "exceeded," meaning they're no longer valid, and the business is labeled as high risk with a notably low regulatory score. I personally avoid brokers where the withdrawal or deposit process lacks transparency or where regulatory oversight is questionable, because this exposes my capital to unnecessary risk. In summary, while I did not find a formal published schedule of deposit or withdrawal fees, the real-world experiences reported by fellow users suggest high potential for unpredictable and possibly excessive charges. I strongly favor working only with brokers that have clear, upfront details about all transaction costs and genuine regulatory standing, since this is essential for responsible trading and protecting my funds.