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Does NEWRGY IMEX charge any undisclosed fees when making deposits or withdrawals?

Broker Issues
NEWRGY IMEX
Fees and Spreads
02-10
United States
WikiFX
Reply

In my experience as a forex trader, transparency around deposit and withdrawal fees is one of the fundamental pillars I look for in a broker. With NEWRGY IMEX, however, I found numerous concerning red flags that made it impossible for me to trust their fee structure, or indeed, any part of their operations. While I attempted due diligence, it became apparent that NEWRGY IMEX is completely unregulated and its website is inaccessible, which eliminates any straightforward way to verify their official fee policy. Moreover, a consistent theme among user reports was the imposition of unexpected and unexplained fees, specifically when clients tried to access their funds. Individuals described being required to pay sizeable “taxes”—in some cases as much as 20% of their balances—before being told they could withdraw. In reality, after paying these fees, their accounts were typically blocked and their money lost. This pattern, from my professional perspective, strongly suggests the presence of undisclosed and predatory charges not outlined in any legitimate client agreement. Given these serious issues, the lack of regulation, and widespread accounts of withheld funds and arbitrary extra charges, I personally consider NEWRGY IMEX extremely high-risk. I would advise anyone to exercise maximum caution, as in my judgment, the probability of encountering undisclosed fees—or indeed, any possibility of retrieving funds—is exceptionally low.

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