WikiFX

Sagot

In my careful review of XSpot Wealth, I found transparency around several types of ongoing fees, including management, custody, and transaction costs. Their structure is quite explicit about management fees at 1%, custody at 0.2%, and transaction fees also at 0.2%. However, during my experience and thorough documentation checking, I did not encounter any mention of inactivity fees specifically within the information provided or among user complaints. From the perspective of prudent trading, I always consider inactivity fees an important factor since they can erode returns if I step back from actively trading or investing. However, in this case, the absence of any clarity or disclosure about such fees gives me pause. Given the reports from other users alleging issues with withdrawals and account management, I would exercise caution and not assume there are none. While inactivity fees are not directly described, the overall risk management index for XSpot Wealth is rated at zero, and a high potential risk is flagged. For me, full transparency is crucial, and I would advise contacting their support for written confirmation regarding inactivity fees before opening an account or keeping funds idle. It’s essential to approach any lack of specific disclosure very conservatively, especially given the broader risk context surrounding this broker.