Feb 25 2022 at 10:25
On searching for a broker online I have come across several brokers with no minimum deposit but nowhere can I clearly find mentions on fees charged for withdrawal from trading account. So what I want to know is - can I actually find brokers with no fees? Basically how there are forex brokers with no commission or brokers with no deposit, are there any good brokers who won’t charge for my forex funds withdrawal
Feb 25 2022 at 12:37
Brokers with no trading fees - that’s a myth. You will be paying one way or the other.
I know it’s hard to find forex brokers with no withdrawal fees, in fact I’ve seen some brokers who don’t charge any fees for deposits but when it comes to withdrawals, there are usually fees associated. I can suggest you lmfx as they don’t charge any fees for funding and also offer quick withdrawals. They provide low spreads but, I find their commissions slightly higher. I guess we can’t find everything in one broker. We should know what are the features where we can compromise and where we can not. You can try them but keep your research on and if you find a low spread forex broker who also offers low commissions and no withdrawal fees, do share it here.
There are few brokers (fxview, tickmill and xm) that I know are not charging any fees for both deposit and withdrawals. Although their minimum deposit varies from $5 to $100. If you want a lower deposit, look for fxview and xm. Plus, usually when you find a broker saying no commission, you will also notice that the spread markup will be higher than the usual, so better to avoid that if you want tighter spread.
I trade with FP Markets and, from my experience, I can say they do not charge any extra commission costs during withdrawals or deposits.
A good option for work is a broker from AMarkets. At least I really liked this broker.
Withdrawal fees or trading fees? There are plenty that don't charge you to withdraw but not sure any let you trade for free.
If you can't spot the liquidity then you are the liquidity.
And when withdrawing, it seems that the payment system takes commissions, and not the broker - right?
Have you checked TurnkeyForex? I’ve been using them for quite some time now and there’s no funding fee. Also, the spreads and commissions are low, if you are basically looking for a broker with lower trading costs they may be perfect for you.
I'm not sure about other brokers, but I am aware that my broker, FP Markets does not charge any additional internal fees for deposits or withdrawals.
From my view, the only broker I am aware of with no extra withdrawal fees is my current broker, FP Markets. They do not charge a withdrawal fee, you will see the same amount of money on your bank account that you transferred from your brokerage account.
Jun 01 2022 at 18:12
The minimum to sign up for a 0 commission account through CedarFX is just $10 and they don't charge any fees for withdrawals, so I'd say that fits what you're looking for pretty accurately.
Yes, I currently trade with FP Markets, an ASIC regulated broker, and from my experience with them, they do not charge an additional withdrawal or deposit fee.
Jun 13 2022 at 08:38
I am aware of only one broker, FP Markets, that has no additional charges during deposits or withdrawals.
Jun 13 2022 at 16:07
davegordon posted:
On searching for a broker online I have come across several brokers with no minimum deposit but nowhere can I clearly find mentions on fees charged for withdrawal from trading account. So what I want to know is - can I actually find brokers with no fees? Basically how there are forex brokers with no commission or brokers with no deposit, are there any good brokers who won’t charge for my forex funds withdrawal
I’ve not been charged to withdraw by my broker
I’m using justforex and coinexx, both don’t charge any withdrawal fee.
'I'm not aware of many brokers that do not have withdrawal fees because most brokers do charge a certain number of withdrawal fees in the name of tax or something else.
But some brokers also charge additional fees, including withdrawals, which can be avoided. Like I trade with FP Markets, there are no additional charges when depositing or during withdrawals.'
But some brokers also charge additional fees, including withdrawals, which can be avoided. Like I trade with FP Markets, there are no additional charges when depositing or during withdrawals.'
Jun 17 2022 at 11:33
The withdrawal fees seem such an extra cost. I mean what is the concept of paying a broker to withdraw your own money. Thankfully, there are some brokers who don’t charge a penny for withdrawals.
Jun 17 2022 at 11:35
With some brokers, withdrawal fees come up as a hidden cost that you have no idea about. This is why I believe it’s best to make small trades in the beginning and then request a withdrawal. You will get to know how the broker deals with customer withdrawal requests.
Jun 17 2022 at 11:37
I don’t think there are brokers that don’t charge any withdrawal fees. Nearly all of them allow free withdrawals up to a certain amount and then you have to pay a fee.
