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Arnold Joseph
Within 1 year

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

Broker Issues
MUFG
Fees and Spreads
07-01
United States
WikiFX
Reply

As an experienced forex trader, transparency with fees is one of my top priorities when selecting a broker. Given MUFG’s long-standing history, regulated status under both the FCA in the UK and LFSA in Malaysia, and reputation as a global financial entity, I would ordinarily expect robust and clear fee disclosures. However, based on my review of the available information, I haven't found any explicit details pointing to hidden deposit or withdrawal charges directly imposed by MUFG. That said, I noticed some user complaints related to withdrawal issues, particularly a serious allegation where a client was asked to pay a percentage of their funds before processing a withdrawal. While isolated user reports do not always reflect company policy, they underscore a need for caution. In my view, such cases raise red flags and warrant direct verification of all terms before transferring substantial funds. Particularly in forex, withdrawal complications or ambiguous procedures can jeopardize capital access, which is why I always insist on clarifying these policies in detail—ideally in writing—before opening or funding any account. Overall, while MUFG’s regulatory background suggests a degree of oversight, I recommend consulting their customer support to obtain transparent, up-to-date information regarding any potential fees and withdrawal processes. For me, a conservative and diligent approach is non-negotiable, especially with large or international institutions.

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