WikiFX

Reply

In my experience researching and reviewing Channel Capital as a regulated broker in Australia, I was unable to find explicit information about inactivity fees or the exact conditions under which such fees might be charged. The available data focuses on Channel Capital’s regulatory status with ASIC, their Straight Through Processing (STP) model, and a business record of over 10 years, but lacks direct mention of client-facing fee structures, including any specific policies on dormant or inactive accounts. For a trader like myself, this lack of transparency raises some concerns. A broker’s approach to fees—especially those tied to account inactivity—can materially impact trading outcomes and long-term viability. The absence of clearly communicated inactivity fee terms means that before opening or maintaining an account, I would seek direct clarification in writing from Channel Capital’s support team. Notably, the broker does offer several contact methods, which is positive, but I urge fellow traders to receive clear, updated documentation regarding all potential account charges. Given the medium risk warning flagged and the broker’s operational complexity (including terms like Appointed Representative status and a “suspicious scope of business” remark), it is prudent for anyone considering Channel Capital to exercise additional caution about hidden or unclear fees. Ultimately, verifying these details firsthand is essential for safeguarding one’s capital and making responsible brokerage choices.