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Does LUKFOOK impose any fees when you deposit or withdraw funds?

Broker Issues
LUKFOOK FINANCIAL
Withdrawal
Deposit
03-10
United States
WikiFX
Reply

Based on my careful review of LUKFOOK's available information, I noticed that while they provide detailed banking instructions for deposits and withdrawals, there is no explicit mention of broker-imposed fees for these transactions. For deposits, they list several methods such as bank transfer, cheque, telegraphic transfer, and FPS, but do not state that LUKFOOK itself charges a fee for processing these. For withdrawals, methods like cheque, CHATS, and remittance are available, yet again, it's not clearly disclosed whether there are broker-side costs. In my experience, even when a broker does not openly charge for deposits or withdrawals, third-party bank fees or intermediary charges can still apply. This is especially relevant for international wires or currency conversions, which are often unavoidable and can add a layer of cost beyond the broker’s direct control. I always recommend confirming the precise fee structure with customer service before funding an account. As for LUKFOOK, the lack of transparency regarding such fees means I would personally approach this aspect with caution, and would never assume these transactions are free. For me, understanding every potential cost helps avoid unpleasant surprises, especially when moving larger sums in and out of the trading account.

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