My 'broker' is demanding a 'commission reset fee' before I can withdraw my profits. Is this legit?
Hey everyone, feeling really stuck here and honestly, a bit foolish. I started trading with this platform, it's called IronFX offshore (I know, I know, should've checked more), and for a while, everything seemed fine. My account showed some decent 'profits'. But now, when I try to withdraw, they're saying I owe a 'commission reset fee' because I apparently exceeded some trading limits they never told me about. It's like, a significant amount, low five figures, and they're saying my funds are 'frozen' until I pay it. I've tried arguing with their 'support' but they just keep sending me canned responses. I'm in Sheffield, UK, and this whole thing feels very scammy. Has anyone encountered this specific fee before? Is there *any* way to get my money out, or is it gone for good?
103 Answers
Rachel, I'm sorry to hear you're going through this. That 'commission reset fee' is 100% a scam tactic. It's a classic move by unregulated brokers, especially ones like IronFX offshore, to prevent withdrawals and extract more money from victims. They create these arbitrary, non-existent fees – 'reset fees', 'tax fees', 'insurance fees' – hoping you'll pay up. The reality is, once you pay that, another fee will magically appear. Their goal is to drain your funds, not to release them.
The key red flag here is that they're *demanding* a fee for withdrawal that wasn't disclosed upfront in their terms, or if it was, it's a completely made-up charge. A legitimate broker would never operate this way. If you funded them via credit/debit card, your best bet is to initiate a chargeback with your bank. Gather all your communications, transaction records, and screenshots of their demands. You're in the UK, so report this to the FCA and Action Fraud. While direct recovery might be tough, these actions are crucial to help prevent others from falling victim and to build cases against these entities.
Ugh, Rachel, I'm so sorry. This is exactly what happened to my uncle last year with some binary options platform. They kept coming up with new excuses every time he tried to take money out. A 'commission reset fee' is just another one of their made-up ways to stop you getting your money and hopefully get you to send them more. Please don't pay it. It's a trap. Focus on reporting them and seeing if your bank can help, don't throw good money after bad.
Alright, Rachel, listen up. This is a common ploy. I've seen it countless times. 'Commission reset fee'? Absolute rubbish. That's not how legitimate trading works. Ever. If you're with an unregulated broker, especially one that's known for being shady like IronFX offshore, consider any money you've put in as potentially gone. They're just trying to squeeze you for more. Any fee that suddenly pops up when you try to withdraw is a massive red flag. DO NOT pay it. You're just confirming to them that you're willing to pay, and they'll invent another fee after that. Cut off all communication with them.
Hey Rachel, I'm really sorry this is happening to you. It's infuriating when these scammers pull these kinds of stunts. I had a buddy who lost a pretty penny to a similar setup, though it was a 'tax clearance fee' they were after. It feels like they just generate these names out of thin air. The key thing is, a legitimate broker, especially one regulated by someone like the CFTC if you were in the US, would *never* ask you for additional fees just to withdraw your own profits. It's simply not how the financial system is set up. They're preying on your desire to get your money back. Don't fall for it.
Rachel, I echo what others have said. This 'commission reset fee' is a scam. It fits the pattern of what we call 'advance fee fraud' within the context of investment scams. The scammers present an obstacle (the fee) that must be overcome to access supposed funds, which in reality, do not exist or are already stolen. This is common with entities like IronFX offshore, which often operate from jurisdictions with lax oversight, if any. The lack of regulation means they have no obligation to adhere to ethical financial practices or even return your capital.
Your most viable recourse, as others mentioned, is a chargeback if you used a credit or debit card for deposits. Contact your bank *immediately* and explain you were defrauded. Provide all evidence. For direct bank transfers or crypto, recovery is significantly harder. Report them to the FCA and Action Fraud in the UK. They might not recover your specific funds, but it helps intelligence gathering. Also, be incredibly wary of 'recovery services' that promise to get your money back for an upfront fee – these are almost always secondary scams.
Oh man, that sucks, Rachel. I got hit with something similar last year. Mine was called a 'liquidity pool contribution' fee from some dodgy crypto platform. Didn't pay it, obviously. Then they disappeared. Lost about 7k GBP. It's just their way of trying to extract more from you. Don't pay it. Your money is likely already gone, unfortunately. It's heartbreaking, really. Wish I'd known more back then. Feeling for you.
Tbh, when I read 'IronFX offshore' and 'commission reset fee,' I knew exactly where this was going. Classic playbook stuff. They pull new fees out of thin air. It's not a real fee, it's just another hurdle to stop you from withdrawing. Don't pay it. You'll just be throwing more money down the drain. They'll just invent another 'fee' next week. This is how these unregulated brokers work.
This 'commission reset fee' is a textbook red flag, Rachel. Any legitimate financial institution, especially one regulated by bodies like the FCA or BaFin, would have clear, transparent fee structures disclosed upfront, and they would certainly *not* invent new fees specifically to block withdrawals. These unregulated brokers, like IronFX offshore, operate outside the law, so they can get away with this. They're counting on your desperation to get your funds back. Your best bet for possible recovery is a chargeback with your bank. Make sure to emphasize that this is a fraudulent transaction and you've been scammed.
Rachel, exact same thing happened to me with a different 'broker' (can't even remember the name now, it was so traumatic). They demanded a 'tax deposit' to release my 'profits'. I almost paid it because I was so desperate to get my money back. Thank god my wife talked me out of it. It's a trick, mate. If they're making up fees at the point of withdrawal, they're not a real broker, they're just thieves. You won't see that money they're holding, and you'll just lose more if you pay this 'fee'. It's a bitter pill to swallow, but sometimes you just gotta cut your losses and report them. I'm in London, reported to Action Fraud, never heard anything back but hopefully it helps someone else.
As someone else from Sheffield, I'm really sorry you're going through this. It's absolutely heartbreaking when these things happen. I've read about these 'reset' fees and 'unlocking' fees before, they're totally bogus. It's not a real thing in proper trading. They're just trying to take more from you. Please don't send them any more money. Report them to Action Fraud, even if it feels like nothing will happen. It helps build a picture of these scammers. Wishing you the best, hope you can get some of it back.
Oh mate, that IronFX offshore is a known scam operation. The 'commission reset fee' is a classic invented charge to keep you from pulling your fake profits. They're basically trying to squeeze more money out of you before they ghost.
Don't pay it. It won't unlock anything, just drain your bank account further. They operate outside of any real regulatory bodies like the FCA here in the UK, which is why they can pull this stunt. Your only real hope is to try and report them, but honestly, getting that money back is a long shot.
That sounds like an absolute nightmare, I'm so sorry you're going through this. It's completely understandable to feel foolish, but please don't blame yourself. These scammers are incredibly convincing. That 'commission reset fee' sounds completely made up, especially if they never mentioned it before. Did you find them through an ad or a friend? Sometimes even things that look legit are fronts for these kinds of operations. Sending you lots of support!
This is exactly the kind of trap I warn my friends about. IronFX offshore is garbage. They make up fees like this 'commission reset' out of thin air. The moment they ask for more money *before* you can withdraw, it's a massive red flag. Do NOT send them another penny. You're unlikely to see that money again, but paying them will just make you lose even more. Report it to the FCA if you haven't already, but don't expect much back.
My advice: Stop all communication regarding payment. This is a standard 'advance fee fraud' tactic used by unregulated brokers, especially those operating offshore like IronFX. They create phantom fees to prevent withdrawals and keep your capital. They'll keep inventing new fees if you pay the first one. Your best bet is to see if you paid with a credit card that offers chargeback protection, though the window might be closed for older transactions. Also, file a report with the Financial Conduct Authority (FCA) in the UK, even if recovery is unlikely, it helps build a case against them.
Ah, the dreaded 'commission reset fee'! Heard this one before. IronFX offshore is notorious for this scam. They lure you in with fake profits, then hit you with impossible fees to 'release' your money. It's a designed-to-fail situation. They are not regulated, so there's no recourse through official channels like BaFin or CFTC. Don't pay. They have zero intention of letting you withdraw anything. It's gone, mate.
I also got caught by a similar broker last year! They kept asking for 'tax clearance fees' and 'regulatory compliance charges.' It's all fake. The low five figures is a lot to lose, I know. I lost about £8,000 to something similar. They make up these fees as they go along. Don't pay. The only thing that might help is if you used a credit card and can dispute the charges, but I doubt it will work this late. So sorry you're going through this.
This is textbook advance-fee fraud. IronFX offshore is a well-documented scam. The 'commission reset fee' is a fabrication designed to extract more money. Since they are offshore, they are outside the jurisdiction of regulatory bodies like the FCA.
What to do:
- Do not pay. Any payment will be seen as confirmation of your willingness to pay, and they will invent more fees.
- Report it. File a complaint with the FCA and potentially Action Fraud in the UK. While recovery is difficult, these reports build intelligence on scam operations.
- Check payment method. If you paid via credit card, initiate a chargeback immediately. This is your best chance, however slim.
I'm in the same boat, mate. Started with what I thought was a good platform, made some 'profit', and then bam. 'Admin fee', 'withdrawal tax', you name it. They quoted me something like 10 grand for a 'compliance verification'. Said my spouse would kill me if I paid it. I just... I lost £15,000 in total. Was trading crypto, not forex, but sounds identical. They just keep coming up with stuff. I haven't paid the last one, decided I'm just cutting my losses and warning everyone I can.
Ugh, this is so familiar. I was scammed by EuroFX a couple of years back. They also hit me with a 'withdrawal fee' – mine was called an 'international transfer charge'. It was about $7,000 USD. I was so excited about the 'profits' they showed me, I didn't question it at first. My sister told me to check if they were regulated, and that's when I realised it was all fake. I never got my money back. Just wanted to share so you know you're not alone, and that fee is definitely a scam.
Are you sure about this 'IronFX offshore'? I've seen that name pop up in some dodgy forums. 'Commission reset fee' sounds like a complete fabrication. They probably just made up a rule to stop you withdrawing. What was the original contract or terms of service you agreed to? Usually, these scams hide the real rules in the fine print. I'd be very surprised if this is legit. Don't pay them.
A 'commission reset fee'? That sounds completely made up. I've traded on regulated platforms before, and they never have these kinds of surprise fees. It's always something new with these offshore operations. My cousin got stung by FXChoice, and they also invented fees. He lost a lot. He said the best thing he did was report it to his local financial regulator, even though they couldn't recover the funds. I'll look up the UK's FCA info for you if you want.
This is exactly what happened to me. They told me I owed a 'liquidity provider fee'. I was devastated. I'd already put in what felt like a fortune, nearly £20k. My wife kept saying 'if it sounds too good to be true...'. She was right. They just kept emailing me, getting more insistent. I eventually just stopped responding. Never saw a penny back. They're thieves, plain and simple. I reported them to Action Fraud, but nothing came of it.
Same happened to me! My 'broker' said I had to pay a 'government levy' to take out my winnings. I was like, what government? They weren't even registered with the MAS or anything. I was trading stocks, not forex, but the story is identical. They showed me like 30% gains in a month. A total lie. I paid the 'levy' because I was scared I'd lose everything, and then they asked for ANOTHER fee. Idiot! Don't pay.
This is painful to read because it's so familiar. I lost a significant amount to a similar scam a few years ago. They operate on pure psychological manipulation. They show you amazing profits to get you hooked, then manufacture reasons for you to pay more. That 'commission reset fee' is just a made-up obstacle. Your funds are likely already gone or never existed in the first place. I reported them to the FCA, but recovery is extremely difficult for offshore scams. I also disputed the charges with my bank, but it was too late.
You're not alone! This kind of thing is unfortunately common with unregulated offshore brokers. The 'commission reset fee' is a classic hallmark of a scam. They invent these fees to keep you engaged and hoping for your money, while they just keep asking for more. It's a psychological game.
For reporting, focus on the FCA in the UK. Also, look into Action Fraud. They are the national reporting centre for fraud. While recovering funds is tough, filing reports helps authorities track these scams and potentially shut them down. Remember to always check for regulation with bodies like the FCA or BaFin before depositing any money.
Oh man, that sounds like a total scam. I've heard similar stories. The problem with offshore brokers like IronFX is that they aren't regulated by any reputable financial authority. This means there's no oversight, and they can essentially do whatever they want. That fee is almost certainly made up. They just want more of your cash. Don't pay it. Try to report them to the UK's FCA and maybe Action Fraud, but honestly, getting your money back from these guys is like finding a unicorn.
That fee sounds like BS. I was with a broker that tried the same thing. Called it a 'legal compliance charge'. Total rubbish. They just want to keep you paying. I ended up losing about £5,000. My wife told me to check the FCA website, and they had warnings about that particular broker. I reported them, but recovery wasn't possible. Definitely don't pay them any more money. That's exactly what they want.
Don't pay the fee. IronFX offshore is a scam, and that fee is made up. They're essentially holding your 'profits' hostage. It's a very common tactic for unregulated brokers. Since you're in the UK, your best bet is to report them to the Financial Conduct Authority (FCA). They maintain a register of regulated firms, and you'll find IronFX offshore isn't on it. Also, report it to Action Fraud. While recovery is difficult, reporting is crucial. If you paid by credit card, try a chargeback, but act fast.
Yeah, sounds like the old 'advance fee scam'. IronFX offshore is not regulated by any major body like BaFin or the CFTC, so they can pretty much invent any fee they want to stop you withdrawing. That 'commission reset fee' is just a smokescreen. They might even invent more fees if you pay this one.
Red Flag Checklist:
- Unregulated broker (check FCA, BaFin, AMF France, etc.)
- Promises of high, guaranteed returns
- Pressure to deposit more money
- Invented fees for withdrawals
- Communication issues or 'support' giving canned answers
Your best bet is to file a report with the FCA and Action Fraud UK. Don't expect to get the money back, but it's important to report.
Oh, that "commission reset fee" is a classic red flag. IronFX offshore has a long history of these sorts of shady tactics. They are not regulated by any reputable authority like the FCA in the UK. Basically, they invent fees to keep your money. Report them to the FCA and Action Fraud in the UK immediately. They won't get your money back directly, but it helps build a case against these scammers.
Mate, I've been there. Same story with a place called EuroFX a few years back. Showed me all these paper profits, then bam! 'Admin fee', 'withdrawal tax', 'compliance charge'. Ended up losing about AUD $15k. They just keep piling on new made-up costs until you give up or pay more. Don't send them another cent. It's gone. The only thing you can do is report it to ASIC here in Oz.
This sounds exactly like a common scam tactic. They lure you in with fake profits and then invent fees to steal your initial deposit AND your supposed winnings. Please do not pay them anything more. IronFX offshore is known for this. If you paid via credit card, contact your bank NOW to see if you can initiate a chargeback. It's a long shot, but your best bet.
Yeah, that's textbook. Never heard of a 'commission reset fee' in legit trading. If it sounds too good to be true, it is. They want you to chase profits, then they lock it all up. Since you're in the UK, your first stop should be the Financial Conduct Authority (FCA). Even if they're offshore, the FCA might have advisories or can guide you on reporting. Keep all records.
I'm so sorry this happened to you. I was in a similar situation with FXChoice last year. They had me hooked on seeing my account balance grow. When I tried to withdraw, it was the same thing – 'outstanding charges.' I lost SGD $10,000. It felt like a punch to the gut. There's no such thing as a 'commission reset fee'. They're just taking your money.
This is a very common fraudulent scheme, often seen with unregulated brokers targeting retail traders. The invented 'commission reset fee' is designed to exploit your emotional attachment to the 'profits' shown on their platform. As an offshore entity, IronFX offshore isn't directly answerable to UK regulators like the FCA, but reporting it to the FCA and potentially the UK's National Cyber Security Centre (NCSC) is still crucial. They maintain databases of such scams. Never pay these bogus fees.
Oh wow, that's rough. I haven't had that exact fee, but I did have a similar platform try to hit me with a 'withdrawal processing fee' that kept going up. It's so frustrating when you see the money there and can't touch it. Just keep all your communication records. Every email, every chat log. It might not help get the money back, but it's evidence.
This 'commission reset fee' is a fabrication. IronFX offshore is notorious for this type of scam. They are not regulated by the FCA, nor any serious financial body. Your best course of action is to file a complaint with the FCA's consumer helpline and also report it to Action Fraud UK. They often have scam warnings on their website about entities like this. Do not transfer any more funds.
C'est terrible. I'm sorry you're going through this. It reminds me of a situation with another broker where they kept asking for more money for 'taxes' before I could withdraw. It's a nightmare. Did you by chance use a credit card to deposit? If so, contact your bank immediately and ask about a chargeback. Sometimes, that's the only way to even have a chance.
Ugh, this sounds horribly familiar. Had a broker, not IronFX but similar shady type, pull a fast one when I tried to cash out. They demanded a 'liquidity adjustment fee'. It was a gut punch. I ended up losing about $8,000 CAD. I just accepted it as a very expensive lesson learned. Don't send them more money. Seriously, don't.
This is a known scam pattern. IronFX offshore is an unregulated entity and frequently employs these tactics. The 'commission reset fee' is entirely fabricated. Since you're in the UK, report this immediately to the Financial Conduct Authority (FCA) and Action Fraud. They can investigate and issue warnings. If you paid via credit card, also contact your card issuer about a chargeback – this is your most viable path to recovery, though not guaranteed.
I'm literally going through the same thing right now with a different platform. They told me I owed a 'data verification fee' to get my R50k profit out. I paid it, and now they want another 'transactional fee'. I'm in Johannesburg and feeling so stupid and angry. I already reported it to the Financial Sector Conduct Authority (FSCA), but they said they can't do much since the company is overseas.
Quelle horreur. It's a scam, plain and simple. This 'commission reset fee' is a made-up charge by IronFX offshore to keep your money. They prey on people who have seen their accounts grow. Did you deposit using a credit card? If so, call your bank immediately and explain the situation. Request a chargeback. It's your best and possibly only chance to get any of your money back.
That really stinks. It sounds like a classic 'advance fee' scam. They dangle the profits in front of you and then invent fees to extract more money. Don't pay them anything further. If you used a credit card, contact your bank ASAP to initiate a chargeback. That's often the only recourse for these offshore scams. Keep all records of communication.
Is this IronFX offshore still active? I thought they were known scammers. My friend lost money to them a few years back, same story. Invented fees. I think he reported them to the FCA, but it didn't do much. They are probably offshore for a reason. It's a tough lesson, but don't send them any more money.
I'm not familiar with that exact fee, but it sounds fishy. Offshore brokers are very risky. Especially if they're not regulated by a body like BaFin or AMF France. Did you check their regulatory status before signing up? Usually, if they're asking for extra money to release your own profits, it's a scam. I'd report it to the FCA.
Another one bites the dust. IronFX offshore is a scam. That fee is fake. Report them to the FCA and Action Fraud. But honestly, once they have your money and are offshore, getting it back is nearly impossible. It’s a painful lesson about unregulated brokers.
This sounds exactly like the sort of scam that targeted my sister last year. They invented a 'tax clearance fee' and demanded a large sum before she could withdraw her supposed gains. She lost about $12,000 AUD. She's in Perth and reported it to ASIC, but they said it was difficult to act on overseas companies. Don't pay them.
This is a very common scam. IronFX offshore is not regulated and uses these fake fees to steal your money. They will keep inventing new fees. Report them to the FCA in the UK and also to Action Fraud. If you paid by credit card, contact your bank immediately to see if a chargeback is possible. It's your best chance.
I feel sick reading this. This is exactly what happened to me with a different fake broker a few months ago. They wanted a 'regulatory compliance fee' and then an 'anti-money laundering fee'. I lost CAD $20,000 in total. I'm in Vancouver and reported it, but nothing came of it. They just play on your hope. Don't send them another penny.
Oh mate, this is textbook. The ‘commission reset fee’ is a classic scam tactic. They invent arbitrary rules *after* you’ve made a profit, specifically to stop you withdrawing. IronFX offshore is known for this kind of rubbish. They aren't regulated by the FCA here in the UK.
I’d report them to the FCA, even if they aren’t licensed, they can still investigate and warn others. Also, file a report with Action Fraud. Don’t send them another penny.
Ah, le même problème pour moi avec une autre plateforme il y a quelques années. J'ai perdu l'équivalent de 15 000 EUR. Ils ont inventé une histoire de 'taxes de liquidation' avant que je puisse retirer mes gains fictifs.
Ne payez rien ! C'est une ruse pour vous soutirer plus d'argent. Si vous avez utilisé une carte de crédit, essayez de faire une 'chargeback' avec votre banque. C'est votre seule chance, mais ça ne marche pas toujours. Courage.
Hmm, 'commission reset fee'? Never heard of anything like that from a legitimate broker. Sounds like they're just trying to squeeze you. Did you get all your initial agreement documents? Check the fine print, but tbh I doubt you'll find anything about this 'fee'.
Honestly, I’d be very surprised if you ever see that money. They might be offshore for a reason. I’d go to Action Fraud UK and report it, just to get it on record.
This is a very common scam, especially with unregulated platforms. They lure you in with fake profits, then demand bogus fees. IronFX offshore is notorious for this; they are not licensed by any reputable authority like the SCA here in the UAE.
Do NOT pay this fee. It will not lead to a withdrawal. It is a trap. Block them and report them to any financial regulator you can find, even if they claim to be offshore. Informing them helps create a record.
That sounds incredibly frustrating. I'm sorry you're going through this. It's a shame these scams prey on people trying to make a better financial future.
Don't send them any more money. It’s almost certainly gone, but you can try reporting it to the FCA in the UK. Also, check if you funded the account with a credit card; sometimes you can dispute the charges with your card provider, though it's a long shot after a while. Keep us updated.
Scam, 100%. Exact same thing happened to me with EuroFX a few years back. They wanted a 'regulatory adjustment fee'. It was a joke. I lost €7k.
Never pay. They just invent fees endlessly. The only thing you can really do is report them to the authorities. I reported them to the Central Bank of Ireland, but they weren't regulated here either. It's more about warning others than getting money back, sadly.
Yeah, ‘commission reset fee’? That doesn’t sound like a real thing in trading. Legit brokers have clear fee structures upfront. If you didn't sign anything agreeing to this specific fee, they have no grounds.
I'd be very suspicious. They probably just made it up. Given it's IronFX offshore, and they're not regulated by, say, Canadian regulators like IIROC, I'd assume the money is gone. You can try reporting it to Action Fraud UK.
This is a very common scam. Unregulated brokers like IronFX offshore love inventing these fees to trap your money. They will keep asking for more and more money. 'Tax clearance fee,' 'withdrawal processing fee,' 'anti-money laundering fee' – they have an endless supply.
Do not pay them a cent more. Report it to the Autoriteit Financiële Markten (AFM) in the Netherlands, even though they operate offshore. It adds to the record against them. Also, tell your bank what happened.
Même arnaque ici à Lille. J'ai eu affaire à une plateforme similaire il y a deux ans, qui demandait une 'taxe de conformité' avant de débloquer des 'gains'. C'était FXChoice, je crois. J'ai perdu environ 5000€.
Ne cédez pas. Ils vont juste inventer d'autres frais. J'ai signalé la plateforme à l'AMF France, même si elle était basée ailleurs. Ça n'a rien ramené, mais au moins, ça les met sur une liste noire. La prochaine fois, vérifiez toujours la régulation (AMF, FCA, BaFin, etc.).
Oh dear, that sounds like a horrible situation. It's rough when you think you're making progress and then this happens.
I would echo what others are saying – do NOT pay them. It's a scam. IronFX offshore is not regulated by MAS here in Singapore, which is a huge red flag. They're likely going to keep asking for more money until you have none left.
Your best bet is to report it to Action Fraud UK. It might not get your money back, but it helps authorities track these scams.
This sounds exactly like what happened to me. I was trading with EuroFX (also offshore), and they hit me with a 'withdrawal processing fee' of about R100,000. I was devastated. I’d saved up for ages.
They just kept moving the goalposts. First it was the fee, then it was 'insufficient KYC documents,' then another fee. I ended up losing everything. Please, please don't send them any more money. Report them to the Financial Sector Conduct Authority (FSCA) in South Africa, and also to Action Fraud UK.
This 'commission reset fee' is a fabrication. IronFX offshore is not licensed by the SCA here in the UAE, nor any other reputable financial authority. They operate as a scam.
It is critical that you do not send them any additional funds. Doing so will only result in further demands. The money is almost certainly lost. You should file a report with the UAE's Cybercrime Prevention Centre and also Action Fraud UK. Transparency is key; reporting helps deter future victims.
That's a classic advance-fee scam. IronFX offshore isn't regulated by the FCA in the UK, which is a major warning sign. They invent fees like this 'commission reset' to trap your funds.
It's highly unlikely you'll ever see that profit. The best course of action is to stop all communication, block their contact details, and report them to Action Fraud UK. Also, if you funded this via a credit card, contact your bank immediately about a chargeback. That's your slim hope.
This is a known scam playbook. They create fake profits to entice you, then hit you with bogus fees. IronFX offshore is unregulated, so they can do whatever they want. They're not supervised by the IIROC here in Canada.
Don't pay them. You'll just lose more. Report them to Action Fraud UK. Also, if you used a credit card, file a dispute with your card issuer. You might get lucky with a chargeback, but it’s tough.
Oh no, this is a very well-known scam tactic. IronFX offshore is not regulated by the AFM here in the Netherlands, nor any European authority. That 'fee' is completely made up.
They are trying to get more money from you. Do not send them anything else. You should report this to Action Fraud UK immediately. Also, consider reporting them to the financial regulator in your country, even if they are offshore. It helps build a case against them.
I am so sorry this happened to you. It sounds like a nightmare. I had a friend who went through something very similar, almost identical wording, with a dodgy forex platform.
They'll just keep inventing fees. Don't pay another cent. You could try reporting it to Action Fraud UK. They are the national reporting centre for fraud and cybercrime. It's unlikely you'll get the money back, but reporting it is the right thing to do.
That sounds incredibly frustrating and I'm sorry you're dealing with this. It's a classic scam. IronFX offshore is not regulated by the CFTC here in the US. They prey on people.
Never send them more money. They will just invent new fees. The best you can do is report them to Action Fraud UK. It helps authorities track these operations and hopefully prevent others from falling victim.
Hi George, I’m your neighbour in Sheffield and I'm so sorry to hear this. It’s awful. My husband was scammed out of a similar amount last year by a different platform and they also used fake fees.
He reported it to Action Fraud UK. He didn't get the money back, but they were very clear about the next steps and what to do. Please don't send them any more money. They are just trying to steal more.
Ugh, that’s the worst feeling. I’ve been there. It’s like a punch to the gut when they pull this stunt.
Definitely a scam. They are making up rules as they go. The key thing here is that IronFX offshore is not regulated by any authority like the SEC here in the US. So, they have no real oversight.
Your best bet is to report it to Action Fraud UK. You can also try filing a chargeback with your credit card company if you used one. Good luck.
Oh no, that sounds absolutely dreadful. I'm really sorry you're going through this. It’s a horrible feeling when you realize you’ve been duped.
This is a very common scam. That fee is bogus. IronFX offshore isn't regulated by ASIC in Australia, which is a major red flag.
Don't pay them any more money. Report it to Action Fraud UK. You can also check with your bank about potentially disputing the transactions if you paid by card, but it’s a long shot.
Oh wow, this 'commission reset fee' sounds like textbook advance-fee fraud. IronFX offshore is a known entity in scam circles, sadly. They lure people in with fake profits then invent fees to drain more money before you can withdraw anything. It's a classic pincer move. The FCA would be the regulator to report to if they claimed to be UK-based, but since they're offshore, it gets trickier. Still, reporting is key. File a complaint with the FCA regardless, as they track these operations. Also, check if your bank offers chargeback on wire transfers, though that's a long shot.
Been there, done that. Lost about USD 3k to a similar outfit last year. They called it a 'liquidity adjustment fee'. Sounds fancy, right? It’s just made up. Don't send them another cent. They feed on that. What I learned is, if it sounds too good to be true, it probably is. Especially with these offshore brokers. They operate outside proper oversight. Just chalk it up to a very expensive lesson and move on. Don’t let them get more.
Red flag alert! A 'commission reset fee' is NOT a standard financial term. This is a fabricated charge designed to extract more money from you. IronFX offshore is on the radar for fraudulent activities. You will NOT get your money out. They operate in a regulatory grey area, making recovery difficult. The best thing you can do is stop all communication with them. Any further payment will just be more money down the drain. Report them to MAS in Singapore if they have any presence there, and also to the FCA in the UK.
That sounds incredibly stressful. I'm so sorry you're going through this. It’s completely understandable to feel foolish, but please don't. These scams are designed to look legitimate and prey on people's hopes for financial gain. The fact they won't give clear answers and keep sending canned responses is a huge tell. Hang in there. Maybe try to gather all communication records and see if any consumer protection agency in the UK might offer advice, even if the broker is offshore.
Yep, this 'commission reset fee' nonsense. I saw it with a platform called EuroFX a few years back. Same story – massive 'profits', then a sudden, arbitrary fee to 'unlock' my money. They wanted a 'tax verification deposit'. I paid it. Then they wanted an 'anti-money laundering clearance fee'. Paid that too. Next thing I know, the website is gone and so is my money. These people are professional thieves. Don't pay. Just don't. Block them and move on. You won't get the money back, but you can stop them taking more.
Oh heck, that sounds like a nightmare. It’s so easy to get caught up when you see those numbers growing. Please be kind to yourself. These scammers are good at what they do, it's not your fault for trusting them initially. Did you try contacting your bank to see if they can reverse any payments? Sometimes, especially with credit cards, there's a chance for a chargeback. It’s a long shot with wire transfers, but worth asking. Don't give them any more money, that's the main thing.
This is a common scam tactic, especially with unregulated offshore brokers like IronFX offshore. They invent fees – 'commission reset', 'withdrawal tax', 'compliance fee' – to extort more money. Once you pay one fee, they invent another. You’ll never see your money. The best course of action is to cut your losses. Do not send any more funds. Report them to the FCA (Financial Conduct Authority) in the UK and any other financial regulator you can find that might have jurisdiction or track these scams, like BaFin in Germany.
This is unfortunately a very common progression with fraudulent brokers. The 'commission reset fee' is entirely fictitious. Brokers regulated by entities like BaFin or the FCA are transparent about fees and processes. Offshore, unregulated platforms like IronFX offshore invent these obstacles. They aim to get you to pay more and more. The critical step now is to stop all communication and refuse any further payments. Report them to the FCA, and also consider filing a report with Action Fraud in the UK. They track these types of financial scams.
Hmm, 'commission reset fee'? Never heard of that one. Sounds like they're just making it up as they go along. If they were a legitimate broker, especially one regulated by, say, the FCA, this wouldn't happen. They'd have clear terms and conditions. I'd be very wary of sending any more money. Honestly, I’d be surprised if you ever see that profit, let alone your initial deposit. Cut your losses and consider it tuition for a harsh lesson about unregulated platforms.
Oh no, this is exactly what happened to my cousin with FXChoice. They kept asking for more money for 'verification' and then 'international transfer fees'. It's a scam, plain and simple. IronFX offshore is known for this. Do NOT pay them another penny. They will just invent new fees indefinitely. Your money is likely gone. The only thing you can do is report them to the FCA and any consumer protection agency you can find. Cut all contact. Don't let them scam you further.
That sounds awful. It’s really tough when you’re trying to do something good for your finances and you run into these predatory practices. Please try not to blame yourself. These brokers create these elaborate stories to justify withholding funds. The best thing you can do now is stop talking to them. Don't pay the fee. Don't engage further. Maybe look into reporting it to the UK's Financial Ombudsman Service, even if they are offshore, they might have resources or advice.
This 'commission reset fee' is a classic scam tactic. It's designed to scare you into paying more by inventing a problem you supposedly caused. Legitimate brokers, regulated by bodies like AMF France or MAS, have clear fee structures and withdrawal policies. They wouldn't surprise you with hidden charges. IronFX offshore is a known entity in the scam world. Your best bet is to cease all communication and report them to the FCA. Do not send them any more money, as it will only be lost.
I fell for something similar a few years ago, though not with IronFX. Lost about £2000 to a dodgy crypto platform. They called it an 'admin fee' to process withdrawal. Total garbage. They just kept stringing me along. Eventually, the website just vanished. It’s a hard lesson, mate. You gotta accept the money is gone and don't send them any more. Block their emails, block their numbers. Report them to the FCA, it won't get your money back, but it might help stop them hurting someone else.
Oh dear, that sounds like a very frustrating situation. It's completely natural to feel upset when faced with unexpected fees, especially when they seem arbitrary. Remember, you did your best trying to invest, and these situations are designed to confuse and pressure you. If you haven't already, try saving all correspondence – emails, chat logs, anything – as evidence. Sometimes consumer protection groups can offer guidance even for offshore issues.
This is a very common scam. 'Commission reset fee' is not a real thing in trading. IronFX offshore is notorious. They are essentially running a Ponzi scheme or similar fraud. They show fake profits to entice victims, then invent fees to extract more money. Once you pay one fee, they'll invent another. The best advice is to stop communication immediately. Do NOT pay them anything more. Report them to the FCA and the UK's Action Fraud. Your money is almost certainly unrecoverable.
This sounds exactly like the 'liquidity adjustment fee' scam I saw on a site called EuroFX a while back. They showed nice profits, then demanded a huge fee to 'reset' the account balance before withdrawal. It’s pure fabrication. IronFX offshore is definitely on the list of unregulated, high-risk brokers known for these kinds of fraudulent practices. The advice is universal: do not pay. Report them to the FCA in the UK. They track these offshore scams even if direct enforcement is difficult.
Ah, the old 'commission reset fee' gambit. I've seen this with several offshore brokers. They invent these fees out of thin air to keep your money. IronFX offshore is particularly known for this type of operation. You are unlikely to recover the funds, unfortunately. The best course of action is to cease all communication with them immediately and report them to the Financial Conduct Authority (FCA). They maintain a warning list and investigate such entities. Do not send them any more money.
I know exactly how you feel. I lost about £5,000 to a platform called Forex Grand a couple of years ago. They kept telling me I needed to pay a 'tax clearance fee' before I could get my money out. It was just lies. They promised huge returns and then invented these ridiculous fees. I paid it, and then they wanted more. Don't pay them! Please, for your own sake, don't send them any more money. It’s gone. Just report them to the FCA.
This is a very standard advance-fee scam. IronFX offshore is a known operator in this space, and the 'commission reset fee' is entirely fabricated. They want to extract more money from you. Do not pay it. Do not communicate further. The money is almost certainly gone. Report them to the FCA. You can also file a complaint with Action Fraud in the UK. They specialize in investigating such financial crimes. The key is to prevent them from getting any more of your funds.
This sounds exactly like the kind of scam run by entities like FXChoice. They show profits, then invent arbitrary fees. 'Commission reset fee' is not a real term. IronFX offshore is unregulated and known for these tactics. You will not get your money out. Do not send them any more funds. Report them to the FCA. They maintain a public warning list for firms that are not authorized. This is crucial information for others seeing this thread.
This 'commission reset fee' is textbook scam behavior, unfortunately. IronFX offshore has a long, documented history of these kinds of predatory tactics. They operate outside the jurisdiction of reputable regulators like the FCA in the UK, which makes recovery incredibly difficult. Ngl, getting money back from these offshore outfits is a long shot, but you can try reporting them to the FCA anyway. Sometimes they aggregate these complaints. It won't get your money back directly, but it might help prevent someone else falling victim. Don't pay them another cent.
Oh man, I feel for you. Been there. I lost nearly $20k USD to a similar platform called EuroFX a few years back. They hit me with withdrawal fees, tax fees, currency conversion fees… you name it. They promised me huge returns, and when I finally saw a bit of profit and tried to cash out, BAM. Suddenly I owed them thousands for 'compliance.' It’s a total racket. You're right to suspect it. They prey on people who are excited about seeing their money grow. Just walk away, don't send them any more money. It’s gone, I’m afraid.
A 'commission reset fee'? That sounds like absolute nonsense. Legitimate brokers don't invent fees out of thin air to prevent you from accessing your own money. The fact that they're an 'offshore' entity is a massive red flag. Did they present you with a clear, signed contract detailing these potential fees *before* you deposited funds? If not, that’s another point against them. I'd be very suspicious of any platform that isn't regulated by a major body like the FCA. Seems like they're just trying to squeeze more cash out of you.
Yeah, this has the stench of a scam all over it. IronFX offshore has popped up on scam warning sites before. They lure you in with promises of high returns, then invent bogus fees when you try to withdraw. The 'commission reset fee' is just a made-up charge. Don't pay it. They're trying to exploit the situation. The fact that they're offshore means there's very little recourse for you here, sadly. It’s frustrating, I know, but anything you send now will likely just vanish too.
I recognize this pattern. I had a similar experience with FXChoice a while ago. They kept my money for months. It started with a 'processing fee', then a 'tax verification fee', and finally this 'account upgrade fee'. It was always something new, always a higher amount. They said I needed to pay to 'unlock' my profits. I remember my husband telling me, 'Mary, if it sounds too good to be true, it probably is.' He was right. I eventually gave up fighting. Just chalked it up to a very expensive lesson learned.
This is devastating. I am in a similar situation. They told me I had made a lot of money on paper, then asked for a 'legalisation fee' to process the withdrawal. It was 10,000 Euros. I paid it, believing I would get my profits. Now they want another fee for 'anti-money laundering compliance'. I feel so stupid. I took out a small loan to pay the first fee. My wife is furious with me. I don't know what to do anymore.
Warning bells are ringing SO loud here. 'IronFX offshore' plus a made-up fee to access your own profits? Classic scam playbook. They operate outside any regulatory body that can actually help you. There's no such thing as a 'commission reset fee' for simply trading. They likely don't even have real trading happening on the back end. I'd bet my last dollar this is a scam. Don't send them any more money. You won't get it back.
Listen, I've seen this happen too many times. This is a classic advance-fee scam. They show you fake profits to get you hooked, then invent an imaginary fee to block your withdrawal. 'Commission reset fee' is just a made-up term. These offshore brokers, especially ones with bad reputations like IronFX offshore, are notorious for this. Report it to the FCA and any other relevant fraud agency, but be prepared that recovery is unlikely. The key takeaway for everyone reading this: always, *always* check if a broker is regulated by a reputable authority like the FCA or BaFin BEFORE you deposit any money.
I'm so sorry you're going through this. It sounds exactly like what happened to my friend, Sarah. She used a platform that vanished overnight after demanding a similar 'fee'. They had shown her millions in profits. She paid a 'transfer fee' and then they just disappeared. Her money, around AUD $50,000, was gone. She’d invested her inheritance. It took her months to even admit it happened. It’s a horrific experience.
Hey, that sounds incredibly stressful. While I don't have direct experience with IronFX offshore specifically, this kind of situation – unexpected fees upon withdrawal – is a huge red flag in the trading world. Most legitimate platforms are transparent about fees upfront. If they're not regulated by a body like BaFin, that's also a concern. You've done the right thing by questioning it. Try to stay calm and avoid making any rash decisions, like sending more money.
This is exactly how they got me! They called it a 'capital gains tax adjustment fee'. I had made what looked like £30,000. I paid £2,000. Then they said there was a problem with the transfer and I needed to pay another £5,000 for 'international compliance'. I was so eager to get my money out, I borrowed it from my brother. Now they won't respond. I've reported it to Action Fraud here in the UK, but they said it's unlikely to be recovered because it's offshore. I feel like such an idiot.
This is deeply concerning, and unfortunately, a very common tactic used by unregulated offshore entities like IronFX offshore. The term 'commission reset fee' is likely fabricated to induce panic and pressure you into paying more. Reputable brokers operate under strict regulatory frameworks (like the FCA in the UK, or AMF France) that prevent such arbitrary charges. My advice? Cease all communication immediately. Do not send them any more funds. You can try reporting them to the FCA, but frankly, recovery from these operations is exceedingly rare. The only *truly* safe approach is to only ever trade with FCA-regulated brokers.
This sounds like a classic withdrawal scam. IronFX offshore is known for this. They show you profits, then invent fees. The 'commission reset fee' is likely a complete fabrication. I’ve seen similar things happen with other unregulated platforms. They create fake issues to extort more money. Don't pay it. Once you pay one fee, they'll invent another. It’s a trap. Reporting them to the FCA is a good step, but honestly, recovery is very unlikely given they're offshore. Always stick to brokers regulated by authorities like the CFTC or MAS.
Ugh, the exact same thing happened to me last year. A platform called 'Global Capital Markets' (definitely a scam, ignore if you see them) hit me with a 'liquidity adjustment fee' before I could withdraw my 'profits'. It was over $15,000 CAD. They kept saying it was standard procedure and needed to be paid to clear the funds. I ended up sending them money, stupidly. Then they just stopped responding. My wife yelled at me for days. Never again. You're right to be suspicious.

