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Does Galaxy Futures apply any fees when depositing or withdrawing funds?

Broker Issues
Galaxy Futures
Withdrawal
Deposit
06-22
United States
WikiFX
Reply

As someone who takes broker selection and fund safety very seriously, I have a routine of scrutinizing every aspect before engaging with a new provider, especially when it involves deposits and withdrawals. With Galaxy Futures, despite their long operation in China and regulation by CFFEX, my review process faced a notable hurdle: the broker does not disclose explicit information regarding deposit or withdrawal fees on their available materials. This absence of transparent fee schedules makes me cautious. In my experience, lack of clear information can sometimes indicate either complex fee structures or varying bank-related charges that aren’t spelled out until after the account is opened. Furthermore, Galaxy Futures only supports bank transfers, which can inherently attract fees from the sending or receiving bank, even if the broker itself doesn’t levy charges. My opinion is shaped by the principle that fee transparency is a hallmark of trustworthy brokerages. I would advise anyone considering Galaxy Futures to directly contact their support via email before initiating any deposits, and to confirm with their own bank regarding possible transaction costs. Until full clarity is obtained, I recommend proceeding conservatively to avoid any unexpected charges that could affect trading capital or withdrawal flexibility.

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