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Karoline Hardy
Within 1 year

Does Pictet charge any undisclosed fees when making deposits or withdrawals?

Broker Issues
Pictet
Fees and Spreads
02-03
United States
WikiFX
Reply

From my due diligence as an experienced trader, I could not find explicit information about deposit or withdrawal fees for Pictet. Their primary focus appears to be on wealth management, asset management, and servicing institutional clients rather than typical forex retail operations, so fee structures may differ from standard forex brokers. I noted that Pictet is regulated by the SFC in Hong Kong and has a long-established track record, which offers some reassurance regarding transparency and operational standards. However, the lack of clear details about their fee policy on deposits and withdrawals is a concern for me, especially given how critical cost transparency is when engaging a financial intermediary. In my own trading practice, I always see the absence of fee details as a signal to proceed with caution. Strong regulation generally reduces the risk of hidden charges, but it does not eliminate the importance of scrutinizing all client agreements and disclosures before funding an account. Without documented terms, I would not make assumptions about costs. If I were considering Pictet, I would directly contact their support and request comprehensive information about all fees associated with money transfers. Only by confirming these details beforehand would I feel comfortable moving forward, particularly when substantial sums may be involved.

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