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Bhavani Durga K
1-2 years

Does Alfa Capital apply any charges when you deposit or withdraw funds from your account?

Broker Issues
Alfa Capital
Withdrawal
Deposit
08-12
United States
WikiFX
Reply

Based on my in-depth review of Alfa Capital and the information available, I could not find any transparent or specific details regarding deposit or withdrawal fees. As an experienced trader, this lack of clear disclosure is a significant red flag for me. In my personal trading, I expect reputable brokers to provide straightforward information about all potential costs, especially involving the movement of funds, since hidden or ambiguous fees can impact the overall trading experience and financial planning. Given that Alfa Capital's regulatory licenses with both the Cyprus Securities and Exchange Commission (CySEC) and the UK's Financial Conduct Authority (FCA) have been revoked, I am especially cautious about any aspect of their service that is not fully documented. In my view, the absence of clear information on deposit or withdrawal fees, combined with regulatory concerns, makes it difficult to trust that my funds would be handled transparently and fairly. For me, when a broker doesn't openly publish its fee structure, it introduces unnecessary risk. I would not proceed with funding an account at Alfa Capital unless I received documented, official confirmation of all potential charges, and even then, I would be wary due to their regulatory status. In summary, I couldn't confirm whether Alfa Capital applies charges on deposits or withdrawals, and that lack of transparency is a serious concern.

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United States
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