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Tom Rossito - Toronto
Within 1 year

Does Shaw and Partners apply any charges for depositing or withdrawing funds?

Broker Issues
Shaw and Partners
Withdrawal
Deposit
05-26
United States
WikiFX
Reply

As an independent trader who prioritizes broker transparency and regulatory integrity, assessing the cost structure around deposits and withdrawals is crucial for me. Based on my thorough review of Shaw and Partners, I found that the available information does not explicitly outline whether there are charges for funding or withdrawing from accounts. This lack of clear disclosure is something I approach with caution—especially given the firm's “Exceeded” status on its ASIC license and its medium risk flag on broker review platforms. Shaw and Partners positions itself as a wealth and asset management firm with tailored investing solutions and managed accounts, rather than a typical forex broker. In my experience, institutions with a focus on managed portfolios often have fee structures embedded within their ongoing advisory or management charges, but details on transaction-specific fees such as deposits or withdrawals can vary considerably. The absence of this critical information raises some concerns for me about cost transparency, as understanding all possible charges is essential for financial planning and ensuring efficient trade execution. Given the regulatory uncertainties and unclear fee disclosures, I would exercise added diligence by directly confirming all operational costs with Shaw and Partners’ customer support before depositing any funds. In my professional opinion, fully clarifying such terms beforehand is necessary to protect capital and avoid unexpected deductions in any trading or investment arrangement.

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