Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators
LoukiaCharilaou
Within 1 year

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

Broker Issues
CLC
Fees and Spreads
02-08
United States
WikiFX
Reply

As a trader who strongly values transparency and risk management, I approach every broker with a cautious eye, especially regarding fees that could impact my trading costs or hinder fund access. With CLC, despite their claims of robust customer support and regulatory oversight in Hong Kong, I found the lack of clear, detailed disclosures on their deposit and withdrawal processes concerning. Their documentation does explain the mechanics of making deposits and the clearing times involved, but I did not find specific, upfront information about possible fees associated with deposits or withdrawals. This gap in disclosure is not trivial for me. In my experience, reputable brokers generally provide a comprehensive fee schedule covering not only trading costs but also ancillary fees for funding and withdrawing accounts. The absence of explicit statements can introduce uncertainty—hidden costs or unexpected requirements can significantly affect the overall trading experience, particularly when larger sums or long-term capital are involved. More importantly, I noted a pattern of user complaints referencing withdrawal difficulties, and some even mentioned problematic tax requirements. While these are user reports and not definitive proof of wrongdoing, such feedback is a vital signal to proceed with heightened caution. In the current context, without visible, verifiable evidence of fee structures, I would be very hesitant to commit funds without first securing written clarification on all potential charges and withdrawal terms. For me, this level of transparency is non-negotiable and critical to safeguarding my capital.

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com