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Darren Ross
Within 1 year

Does Shahjalal Islami Bank Securities Ltd charge any concealed fees when making deposits or withdrawals?

Broker Issues
Shahjalal Islami Bank Securities Ltd
Fees and Spreads
01-19
United States
WikiFX
Reply

Drawing from my perspective as a seasoned forex trader, I approach any broker—especially one like Shahjalal Islami Bank Securities Ltd—with caution when regulatory status is unclear or absent. In my due diligence, I noted that while the broker explicitly discloses certain fees such as charges for account opening, annual maintenance, account closure, and cheque dishonor, there is no transparent mention of specific deposit or withdrawal fees. This lack of clarity is inherently concerning for me. Without regulatory oversight, there’s no external authority ensuring their fee structure remains fair or that all costs are made visible upfront. Experience has taught me that unregulated brokers sometimes modify their policies unexpectedly, which could include introducing hidden charges or levies not obvious in initial service agreements. Therefore, although there’s no direct evidence of concealed deposit or withdrawal fees, the absence of comprehensive disclosure on this front doesn’t guarantee they are not present. For my own safety and capital protection, I would be extremely cautious about transferring funds to any broker with this level of regulatory opacity. Before proceeding, I would always request written confirmation from customer support regarding the full set of deposit and withdrawal charges, since relying on assumptions with an entity lacking oversight can expose traders to unnecessary risk.

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