Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators
Aman A
Within 1 year

Does MITO impose any charges when you deposit or withdraw funds?

Broker Issues
MITO
Withdrawal
Deposit
05-29
United States
WikiFX
Reply

In my experience with MITO, I found their approach to deposit and withdrawal fees to be somewhat nuanced, and it’s important for traders to understand the details before transacting. For foreign currency transfers, the broker places the responsibility for deposit and remittance fees squarely on the client. This means that, if I use an international wire or transfer funds in a currency other than Japanese yen, I am expected to cover the actual handling costs incurred by the banking or remittance provider. However, when I transact through Mito Net, MITO covers all transfer fees paid both to and from the broker on my behalf. This could be advantageous if I have access to Mito Net, as it essentially removes extra transfer costs from my side for those particular transactions. The reasoning behind these policies appears to stem from regulatory and operational practices common in Japan: brokers prefer to be transparent about fee responsibilities, especially where currency conversions or international payments are concerned. Overall, I advise fellow traders to closely evaluate which transfer avenue matches their needs and to always factor in these potential charges when managing their trading capital. Being forewarned about these specifics is crucial for cost-aware financial decision-making.

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