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

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

Broker Issues
ZHONGYANG
Fees and Spreads
01-31
United States
WikiFX
Reply

From my thorough review of ZHONGYANG's available information, I found that the broker outlines certain aspects of their deposit and withdrawal procedures with some degree of transparency. For deposits, the process is handled exclusively through bank transfers, and clients are required to provide detailed proof of the transaction before funds are credited. For withdrawals, ZHONGYANG requires clients to request withdrawals either by phone, email, fax, or by submitting a specific form. Importantly, the broker clearly states that any handling fees associated with withdrawals are “subject to the banks charges.” This wording suggests that ZHONGYANG itself does not directly impose its own hidden deposit or withdrawal fees, but clients should still expect to cover any bank-related charges during these processes. However, what concerns me as a trader is the lack of a clear, comprehensive fee schedule covering every potential scenario. There is no explicit mention of additional broker-imposed service charges, nor detailed explanations of how much clients might expect to pay in practical terms. This lack of granular detail leaves some uncertainty. In my experience, such informational gaps—especially from a provider facing questions around regulatory legitimacy and a “suspicious clone” license—should be approached with caution. I would strongly recommend that anyone considering trading with ZHONGYANG seek direct clarification from their support team regarding all possible fees prior to funding an account, and only proceed once fully satisfied with the transparency of all costs involved. Transparency and regulatory clarity are critical for mitigating unexpected financial risks in this area.

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