My 'broker' is asking for a 'security fund' to release my profits. Has anyone heard of this?

asked 4d ago1 views79 answers
0

Hi everyone,

I'm feeling really stupid right now. I got into forex trading a few months ago through this platform that looked legit, seemed to have great returns. Put in a decent chunk of savings, about 10k euros, and after some ups and downs, my account showed significant profits. I thought, finally, something's going right.

So I tried to withdraw some of it – not even all of it, just a few thousand. And now they're saying I need to pay a 'security fund' of about 15% of my total balance *before* they can process any withdrawal. They say it's for 'account integrity' and 'regulatory compliance' and it's fully refundable once the withdrawal goes through.

This sounds like another fee scam, doesn't it? My gut is screaming no, but a part of me is desperate to get my money back. Has anyone encountered this specific 'security fund' demand? What did you do? I'm in Nice, France, if that helps. Any advice is appreciated.

79 Answers

47

Oh man, Lea. My heart sinks just reading this. It's an old trick, but they keep finding new names for it. 'Security fund,' 'regulatory deposit,' 'tax clearance certificate,' 'liquidity fee' – they're all just fancy ways to ask for more money that you'll never see again. Think about it: if they actually had your profits, why would *you* need to pay *them* to get your *own* money out? It makes zero sense financially, only if their whole business model is extracting more from you.

First, don't pay another cent. Seriously. That money will just vanish too. Second, screenshot *everything*. Every chat, every email, every transaction. Document the timeline. You'll need this. You're in France, so you might want to check with the AMF France. They're the financial regulator there. They probably can't get your money back directly, but reporting it is super important. It helps them put warnings out and build cases against these kinds of operations. Also, check if your bank can do a chargeback for your initial deposits, especially if you used a credit card. It's a long shot, but worth trying immediately. Good luck, hope you can get some of it back.

Connor Kruger · Durban, South Africaanswered 4d ago
31

Ugh, Lea, I know exactly how you feel. Happened to me a couple of years back. Not a 'security fund' specifically, but a 'compliance verification fee' or something. Total BS. I lost about 6k then, trying to 'release' my 'profits'. I ended up paying another 1k thinking it was the final hurdle. It never was. It's a bottomless pit. I just stopped communicating with them after that. The shame was real, man. Don't throw good money after bad. That's the biggest lesson I learned. Hope you can cut your losses now.

Conor Lynch · Galway, Irelandanswered 4d ago
28

This is definitely a scam, Lea. A legitimate broker would never ask *you* to pay a 'security fund' to withdraw *your own money*. That's not how financial services work. They'd deduct fees from your balance, if any, or process the withdrawal directly. The whole point is to squeeze more money out of you, hoping you're desperate enough to pay. Stop all contact. Block them. These are predatory people. The moment you pay, they'll invent another fee, and another, until you're completely drained. Please, please, do not send them any more money. Report them to your local financial authorities, like the AMF France.

Lea Schroder · Dresden, Germanyanswered 4d ago
22

Hey Lea, so sorry you're going through this. It's a classic move in these scam operations. They reel you in with fake profits, then hit you with a string of impossible fees every time you try to withdraw. The 'security fund' is just the latest flavour of the month. Don't beat yourself up for falling for it, these guys are professional manipulators. The best thing you can do now is cut your losses and report them. I'm sure others will chime in with good info on chargebacks or recovery groups, but my main advice is don't pay them anything else.

Lucas Wilson · Melbourne, Australiaanswered 4d ago
18

Hi Lea, that's definitely a red flag. Any legitimate financial institution already has security measures in place. They wouldn't ask you for an extra 'security fund' to release *your* money. This is a common tactic to extract more funds. In Singapore, our MAS frequently issues warnings about such unregulated entities. You've done well to question it. Please don't proceed with that payment. Focus on gathering evidence and exploring chargeback options with your bank.

Jun Tan · Singapore, Singaporeanswered 4d ago
34

Oh non, Lea. C'est exactement ce qui m'est arrivé avec un truc appelé OptionStarsGlobal il y a quelques années, sauf qu'ils m'ont demandé une 'taxe sur les bénéfices' avant de retirer. Bien sûr, je n'ai jamais revu mon argent ni la 'taxe'. Ils t'ont fait croire que tu avais des profits pour te faire payer encore plus. Ne paie pas ce fonds de sécurité. Tu ne feras que perdre encore plus d'argent. C'est douloureux, je sais, mais c'est une arnaque pure et simple. Bloque-les et essaye de voir si ta banque peut faire quelque chose.

Leo Moreau · Lille, Franceanswered 4d ago
15

I agree with everyone here, Lea. This 'security fund' is 100% a scam tactic. They rely on your fear of losing everything to trick you into paying even more. It's a psychological game. Please don't fall for it. Your intuition is right. Just stop all communication with them and focus on what you can control, like reporting them and checking with your bank about getting your initial deposit back. It's a tough lesson, but you're not alone.

Louise Robert · Bordeaux, Franceanswered 4d ago
12

A 'security fund'? LOL. Yeah, the security for *their* bank account, not yours. This is total rubbish, Lea. They just make up new terms to sound fancy and legit. Trust your gut. If it sounds fishy, it is. The money you've 'made' probably isn't even real, it's just numbers on a screen they control to keep you hooked. Definitely do not pay them another cent.

Ava Nguyen · Canberra, Australiaanswered 4d ago
25

Ugh, this is exactly what happened to me with FXChoice (the unregulated one, not the legit one!). They showed all these amazing profits, I was over the moon. Then when I tried to pull out, boom, 'withdrawal processing fee', then a 'tax verification fee', then a 'risk assessment fee'. It never stopped. I ended up losing about 7k AUD, plus the initial deposit. It feels so horrible and embarrassing. I'd just been told by a friend how well they were doing with an online investment, so I jumped in without enough research. Don't be like me and keep throwing money at them hoping for a different outcome. Cut your losses now.

Mia Wilson · Darwin, Australiaanswered 4d ago
29

Salut Lea, from one French person to another – this is a classic exit scam. They invent these fees to milk you dry. Unregulated brokers often operate this way. If they're not regulated by the AMF France (or another reputable body like the FCA or ASIC), then you have very little recourse and they can do whatever they want. I'd definitely report them to the AMF, even if it's just to add to their database of fraudulent companies. It might not help you get your money back, but it could prevent someone else from falling for the same trap. Good courage to you.

Adam Richard · Paris, Franceanswered 4d ago
10

This is a classic red flag, unfortunately. That 'security fund' is almost certainly a fabrication designed to extract more money from you. If it were legitimate, it would be part of the terms and conditions upfront, not an add-on when you try to cash out. I’ve seen this exact scam with platforms like OptionStarsGlobal and FXChoice. They never release any profits. Your broker isn't a broker; they're running a Ponzi scheme or outright theft. You should file a report with the AMF France immediately. It's a long shot, but it's the right first step.

Amelia Walker · Perth, Australiaanswered 4d ago
5

Oh no, that sounds incredibly stressful. I'm so sorry you're going through this. It's completely understandable to feel desperate when your savings are on the line. That 'security fund' demand does sound fishy, doesn't it? I haven't personally experienced that exact scenario, but it reminds me of other stories where people had to jump through hoops just to get their own money back. Hang in there and try not to send them any more money before you're absolutely sure. Maybe check the regulatory body for your region, like AFM if you were dealing with Dutch firms, just to see if they have any info on this type of scheme.

Eva Bakker · The Hague, Netherlandsanswered 4d ago
8

DO NOT PAY THAT MONEY. Seriously, whatever you do, don't send them another cent. This is a textbook advance-fee scam. They'll just invent new fees or 'taxes' until you've paid more than your initial deposit, and you still won't see a euro. These scam outfits prey on people's hope. Report them to the AMF France, but honestly, chances of recovering funds once they’re gone are slim to none, especially if they’re not even based in a regulated jurisdiction. Block communication and cut your losses before it gets worse. It's heartbreaking, but it's the only sane option.

Oliver Anderson · Gold Coast, Australiaanswered 4d ago
4

A 'security fund' for withdrawals? That’s new. Usually, legitimate brokers have withdrawal fees, sure, but a *security fund* demanded only when you try to take profits? It feels... off. Like they’re trying to trap you. Did they mention this in their user agreement or terms of service when you signed up? It would be really unusual for that to be a surprise charge. Honestly, my first instinct is that this is a scam, and I'd be very hesitant to send any more money.

Lily Davies · Cardiff, United Kingdomanswered 4d ago
11

The pattern is unmistakable. This 'security fund' is a fabrication. Legitimate financial institutions do not operate this way. Withdrawal conditions are clearly stated upfront. Any demand for additional funds *after* profits have been realized, especially under vague pretenses like 'account integrity' or 'regulatory compliance,' is a hallmark of fraudulent operations. These entities often mimic regulated platforms to gain trust. Consider reporting this to the AMF France, and also check if the platform has any affiliation with regulated entities like MAS in Singapore, though that's unlikely if they're using such tactics. The most crucial step now is to cease all communication and financial interaction with them.

George Taylor · London, United Kingdomanswered 4d ago
9

I've been there. I lost £5k to a crypto scam last year that sounded similar. They asked for a 'tax' to release my 'earnings.' My husband told me it was too good to be true, but I was blinded by the possibility of getting out of debt. Don't send them the money. They will never release it. I finally accepted I was scammed after I sent them another £1k. It took me months to even talk about it. Please, please don't send them anything else. You're not stupid; they're just very good at manipulating people's hopes.

Lily Taylor · Birmingham, United Kingdomanswered 4d ago
7

This screams scam. 'Security fund'? 'Account integrity'? These are buzzwords they use to confuse you and get more money. If it were a real regulatory requirement, it would be baked into the initial setup, not sprung on you at withdrawal. The amount they're asking for – 15% of your balance – is also a huge red flag. Never pay an advance fee to get your own money back. Report this immediately to AMF France. Also, see if you can find any independent reviews or warnings about this specific platform online; often, others have fallen victim to the same trick.

Sem Meijer · Nijmegen, Netherlandsanswered 4d ago
12

This happened to me too, almost exactly. I invested about €8,000 with what I thought was a reputable forex trader. When I tried to withdraw €3,000, they said I owed a 'compliance fee' of €1,200. I paid it, thinking it was the last hurdle. Then they came back with a 'capital gains tax' demand. I lost everything. I'm in Germany, and I reported it to BaFin, but they said they couldn't do much if the company wasn't licensed there. I wish I had never started trading online. It's a constant nightmare.

Anna Schmidt · Munich, Germanyanswered 4d ago
10

Let's be clear: this is a scam. The 'security fund' is a phantom charge designed to fleece you. Legitimate brokers, regulated by bodies like the CFTC in the US or the FCA in the UK (though AMF is your relevant authority in France), have transparent fee structures outlined in their client agreements. They don't invent new fees at the point of withdrawal to 'release profits.' This is a classic advance-fee fraud. The only action you should take is to report them to AMF France and any consumer protection agency you can find. Do not send them another euro. The money you see in your account is likely fabricated data.

Tess van Dijk · Tilburg, Netherlandsanswered 4d ago
8

This is a very common scam tactic in the forex and crypto spaces. They lure you in with promises of high returns, let your 'balance' grow on their fake platform, and then hit you with these 'fees' or 'funds' when you try to withdraw. It's designed to make you feel like you're *so close* to getting your money, thus encouraging you to pay more. A legitimate platform would have these fees clearly stated in their terms and conditions from the start. You might want to check if this platform is even regulated by the MAS in Singapore, as unlicensed operators are often behind these schemes. Don't pay.

Ling Koh · Singapore, Singaporeanswered 4d ago
5

Oh là là, that sounds like a nightmare situation! I haven't heard of this exact 'security fund' thing myself, but my cousin got caught in something similar with a fake investment app. They kept asking for more money for 'taxes' and 'processing fees.' It’s so frustrating when you’re trying to do the right thing and get your money out. Please be super careful and don't send them more funds until you've done a lot more research. You could try looking up the platform name on the AMF France website to see if it's listed as unauthorized.

Mia Dubois · Toulouse, Franceanswered 4d ago
9

Stop. Just stop right there. That 'security fund' demand is a massive, flashing red siren. This isn't a broker; it's a thief. They've likely faked your profits entirely. If they were legitimate, all fees and requirements would be in the contract you signed, not invented later. They are using common scam language – 'account integrity,' 'regulatory compliance' – to sound official. You are not obligated to pay this. Contact the AMF France immediately. Block their communications if they become aggressive. This is likely a total loss, but do not give them more money.

Leon Schmidt · Leipzig, Germanyanswered 4d ago
7

I saw a thread just like this last week. The user had invested with IronFX offshore. They also demanded a 'security deposit' to release profits. The consensus was that it's an advance-fee scam, pure and simple. There’s no such thing as a 'security fund' required *after* you've made profits. It’s a trick to get you to pay more money. You should report them to the AMF France, but be prepared that recovering the money might be extremely difficult, if not impossible. Do not send them any more funds.

Michael Moore · Boston, USAanswered 4d ago
8

This sounds exactly like a scam I dealt with a couple of years ago. They called themselves 'Global Forex Solutions' and asked for a 'verification fee' to release my $5k profit. I paid it. Then they wanted a 'transfer tax.' I never saw a penny. It’s heartbreaking. They are very good at making it sound official. Please, for your own sake, do not send them any more money. They will just keep inventing new fees. You can try reporting it to the AMF France, but honestly, the money is likely gone. Learn from this, as I had to.

Daniel Smith · Glasgow, United Kingdomanswered 4d ago
6

A 'security fund'? That’s a new one for me. Usually, these fake platforms use terms like 'withdrawal tax,' 'processing fee,' or 'compliance charge.' But a 'security fund'? Sounds like they're making it up as they go along. Did you check if this platform is regulated by the AMF France? If not, that's a huge red flag. My advice? Don't pay it. It's almost certainly a scam designed to get more money out of you. You're likely not getting any profits out at all.

Connor Smit · Pretoria, South Africaanswered 4d ago
9

This is a textbook advance-fee fraud. The platform is essentially a shell. The profits you see are fabricated. The demand for a 'security fund' is a tactic to extract more money from you under false pretenses. Legitimate brokers are regulated and their fee structures are transparent and disclosed upfront. I strongly advise you to cease all communication with this entity and report them to the AMF France. It’s unlikely you'll recover the funds, but reporting is crucial to prevent them from scamming others. Check if the platform has any association with known scams like EuroFX.

Marie Muller · Cologne, Germanyanswered 4d ago
4

Oh dear, I'm so sorry you're in this situation. It sounds incredibly worrying. That 'security fund' request is definitely suspicious. I haven't encountered that exact phrasing, but I've heard of similar scams where people are asked for more money right before they can withdraw. My advice is to be very, very cautious. Maybe check the AMF France website to see if this broker is listed or if they have any warnings out? It's always good to get information from the official sources.

James Harris · Leeds, United Kingdomanswered 4d ago
10

Yup, this is a scam. They invented the 'security fund' to get more of your money. It’s a classic trick. They’ll keep asking for more fees – 'taxes,' 'government charges,' whatever – until you have nothing left. Your profits are fake. The only real money is what you sent them. Report them to AMF France, but don't expect to get your money back. Sadly, I learned this the hard way with a similar forex scam a few years ago. Just cut your losses now and don't send them another cent.

Emily Roberts · Liverpool, United Kingdomanswered 4d ago
5

I'm so sorry you're dealing with this. It's a horrible feeling when you realize you might have been scammed. That 'security fund' sounds like a total scam, honestly. They always come up with new excuses to get more money out of people. I've heard of similar stories where people lost their savings. Please try not to send them any more money. You're not alone, and it's not your fault for trusting them. Many people have been through this.

Charlotte Johnson · Gold Coast, Australiaanswered 4d ago
8

This is precisely the same scam that hit my brother-in-law last year. He invested with a platform that promised incredible returns. When he tried to withdraw, they demanded a 'transfer fee' and then a 'legalisation fee.' He ended up losing over €20,000. He felt so foolish afterwards, but these scammers are incredibly manipulative. They play on your desire to get your money out and your hope that it's all just a bureaucratic hurdle. The key takeaway is: if a broker demands extra money *after* you've made profits to release them, it's almost certainly a scam. Report them to AMF France, but be prepared for a tough fight.

Daniel Koh · Singapore, Singaporeanswered 4d ago
3

Oh dear, this is a classic hallmark of a scam. The 'security fund' or 'tax' or 'processing fee' is their way of squeezing more money out of you when they have no intention of returning anything. It’s not refundable, and it’s not for regulatory compliance. They just pocket it. This is textbook fraud. I'd advise you to cut your losses and report them, though sadly getting the initial 10k back is unlikely. For any future trading, only use regulated brokers. In Europe, look for ones registered with authorities like the AMF France.

Grace Ryan · Limerick, Irelandanswered 4d ago
5

Yeah, I fell for something similar. Different wording, same playbook. Mine was a 'withdrawal tax' they invented out of thin air. Said it was standard procedure, fully refundable. Pulled another $2k from me before I realised. That money is long gone. They make it sound so official. The worst part is the feeling of being a complete idiot. Don't send them any more money, seriously. There's no security fund, just a trap.

Lucas Lavoie · Calgary, Canadaanswered 4d ago
2

A security fund for releasing profits? That sounds completely made up. Legitimate brokers don't operate like that. If you've made profits, they should be released subject to standard withdrawal terms, not by demanding extra upfront payments. This smells very fishy. I'd be very wary of sending them another cent. Check if the platform is registered with a financial regulator in your country or any major EU financial authority. If it's not, that's a huge red flag.

Sophie Becker · Munich, Germanyanswered 4d ago
3

This happened to my cousin in Dubai. They asked for an 'advance tax payment' to release his winnings. He was so excited about the profits, he almost paid it. Thankfully, his wife checked online and found stories of others being scammed the same way. It's a common trick. They build you up with fake profits and then hit you with a bogus fee. Don't pay it. Report it to the financial authorities where you are, even if it feels hopeless.

Hassan Khan · Sharjah, UAEanswered 4d ago
4

My story is almost identical. I was trading crypto derivatives, thought I was killing it. Then they hit me with a 'verification deposit' request. Said it was to 'confirm my identity' and prevent fraud. Sounded plausible. Sent them another $1000. And guess what? They vanished. Poof. Gone. My 'broker' and the platform just disappeared overnight. I lost the initial $8k and the extra $1k. It's a hard lesson, man. That security fund is pure fiction.

Logan Gagne · Edmonton, Canadaanswered 4d ago
2

Oh, that sounds really stressful and disappointing. It's completely understandable why you'd feel unsure. When you see profits, you want to believe it's real. Unfortunately, the 'security fund' demand is a really common scam tactic. They prey on people's hope. Please don't send them any more money. You've likely seen the last of your initial investment, but sending more will just make the loss bigger. Try to report the platform to consumer protection agencies.

Hannah van der Merwe · Durban, South Africaanswered 4d ago
3

I'm so sorry you're going through this. It's awful when something that seems so promising turns out to be a scam. That 'security fund' sounds exactly like the kind of thing they invent to take more money. They sound very convincing, don't they? My advice is to not send them anything else. Consider it a very expensive lesson learned about unregulated platforms. If you want to trade, stick to big, well-known companies with actual offices and regulations.

Olivia Ouellet · Ottawa, Canadaanswered 4d ago
6

STOP. Do NOT send them another euro. This is a 100% scam. The 'security fund' is invented out of thin air. They will take that money and disappear. There is no regulatory compliance reason for this. They are thieves. I've seen this exact scenario play out countless times. These scam outfits often claim to be forex brokers but are just digital con artists. Check the CFTC website for warnings about unregistered brokers if you were trading US-based instruments, though for EU it's different.

Steven Williams · Houston, USAanswered 4d ago
5

This is a scam, pure and simple. They lure you in with fake profits and then invent fees to steal your money. The 'security fund' is a classic. I was targeted by a similar outfit called OptionStarsGlobal a few years back. They kept asking for more money for 'fees' and 'taxes' before I could withdraw. I eventually realised it was a scam and lost about $5,000. Don't pay them anything. It's gone. Report them to your local police and financial regulators. It might not get your money back, but it helps prevent them scamming others.

Oliver Johnson · Darwin, Australiaanswered 4d ago
4

This is textbook fraudulent behaviour. The 'security fund' is a fabricated requirement designed to extract further funds from victims. There is no legitimate financial institution that operates this way. When profits are realised, they are typically withdrawn according to the terms of service agreed upon at account opening, not contingent on paying a discretionary 'fund'. If you're in France, consider filing a complaint with the AMF France, even though recovery is difficult. Always verify broker registration with the relevant national regulator before depositing any funds.

Amelia Brown · Adelaide, Australiaanswered 4d ago
3

I'm in the same boat. They told me I had made over $50k. I was ecstatic. Then they said I needed to pay a 'government tax' of 10% to get it out. I paid $5k. Then they came back and said there was a 'compliance fee' of another $7k. That's when I knew. I've lost everything. My savings, my dreams. I was so blinded by the fake profit. They said it was for 'legal reasons'. It's all lies. Please don't send them any more money.

Olivia Tremblay · Halifax, Canadaanswered 4d ago
4

This sounds exactly like what happened to me last year. I invested with a platform that promised crazy returns. When I tried to withdraw, they asked for a 'financial security deposit'. They said it was to 'cover potential losses' and was refundable. I sent them another €3,000. They never refunded it, and then the platform just disappeared. I reported it to the BaFin in Germany, but they said the company was unregulated and not registered with them. It's a harsh lesson, I know.

David Muller · Frankfurt, Germanyanswered 4d ago
2

Hey, really sorry to hear this. It sounds incredibly frustrating. That 'security fund' thing is a massive red flag. Most legitimate platforms have clear withdrawal policies, and they don't suddenly invent new fees like that, especially not refundable ones that are a percentage of your total balance. Definitely don't pay it. You might have lost your initial investment, but sending more money will only deepen the hole. Keep all your communication records.

Cian O'Brien · Galway, Irelandanswered 4d ago
3

That's rough, I'm sorry you're dealing with this. It sounds like a total scam. They use fancy words like 'security fund' and 'regulatory compliance' to sound legit, but it's just a way to get more money from you. There's no such thing as a refundable security fund like that. Please don't send them anything else. It's a hard lesson, but it's better to stop now and not lose more than you already have.

Julia Meijer · Rotterdam, Netherlandsanswered 4d ago
5

Mate, I've been there. Had a similar thing happen with some forex thing I tried. They called it an 'international transfer fee'. Needed 20% of my supposed profits upfront. Nearly sent it. My mate told me to check the company registration on the ASIC website here in Aus. Turns out they weren't registered at all. Dodgy as. Thank god I didn't send the money. Yours sounds exactly like that. Don't pay it. Report them. These scammers are relentless.

Niamh Burke · Limerick, Irelandanswered 4d ago
3

My heart goes out to you. This sounds exactly like the scam that got me about two years ago. I was trading stocks on an online platform, and when I tried to withdraw my gains, they asked for a 'capital gains tax payment'. It was a huge amount. I sent them nearly all my profits, thinking it was legitimate. Of course, I never saw a penny of it, and the company vanished. They never asked for a 'security fund' specifically, but it was the same principle. Stop sending money now.

Daniel Smit · Port Elizabeth, South Africaanswered 4d ago
3

I know that feeling of desperation. Seeing those numbers climb and then hitting a wall. They are masters at creating fake profits and then inventing these fees. My brother lost his entire savings on a fake investment app. They told him he had to pay a 'transfer fee' before he could access his money. He paid it, and then they asked for another 'legal fee'. He realised too late. Please, please do not send them any more money. They are professional scammers.

Samantha Walker · Philadelphia, USAanswered 4d ago
4

This is an absolute scam, and they're using a very common tactic. The 'security fund' is just another made-up fee. If the platform and broker are not registered with a reputable financial authority like the MAS in Singapore, then it's highly likely to be a scam. Never, ever pay upfront fees to release profits or access funds that you've supposedly earned. This is a huge red flag that should have you running for the hills. Report them to the French financial authorities ASAP.

Levi Meijer · Breda, Netherlandsanswered 4d ago
4

Man, that 'security fund' nonsense is a classic scam. They build you up with fake profits, make you feel like you're a genius trader, and then they hit you with these bogus fees. It's designed to make you feel like you're just a little bit short of getting your money, so you'll pay up. It's predatory. I lost about $4,000 to something similar a while back. They said it was an 'anti-money laundering fee'. All lies. Don't send them another cent.

Joshua Ndlovu · Durban, South Africaanswered 4d ago
3

I'm so sorry you're in this situation. This is a cruel scam that plays on people's hopes. They make the profits look real to hook you, and then they invent these fees to steal more. That 'security fund' is not real. They won't refund it, and they won't release your profits. I was a victim of a similar scam. I ended up reporting the platform to the police and my country's financial regulator. It didn't get my money back, but at least they were warned.

Andreas Neumann · Dresden, Germanyanswered 3d ago
5

Yeah, that's textbook. This 'security fund' is a classic escalation tactic used by unregulated brokers, especially those operating from offshore. They string you along with profits, then hit you with these 'fees' to withdraw. It's designed to make you pay more, hoping you'll eventually give up or get frustrated. That 15% sounds like a significant chunk too. Nasty. Always check for proper regulatory body registration, like with the AMF France if you're in France. If they aren't registered or regulated by a reputable authority, it's a huge red flag.

Felix Schroder · Stuttgart, Germanyanswered 3d ago
3

Oh no, that sounds incredibly stressful! I'm really sorry you're going through this. It's so hard when you think you've finally found a good investment and then this happens. Don't feel stupid, they are very good at making it look legit. Sending you lots of positive energy and hoping you can get your money back.

Xin Teo · Singapore, Singaporeanswered 3d ago
6

A 'security fund' to release *your* profits? Come on. That makes zero sense. If it's your profit, it's your money. Why would you need to secure it for them? Sounds like they just want another 15% of whatever you've got on paper. If they were legit, they'd just send you the cash, minus any agreed-upon trading fees. This reeks. My guess? You'll pay the 'security fund', and then they'll have *another* reason why it can't be released.

Andrew Lopez · Miami, USAanswered 3d ago
3

Hey, that's a rough situation to be in. It's completely understandable to be feeling confused and worried right now. Try not to blame yourself, these scammers are designed to trick people. It takes courage to admit you're in a tough spot. Let's hope some of the more experienced folks here can offer some solid advice to help you out.

Cian O'Connor · Belfast, Irelandanswered 3d ago
7

Mate, I fell for something similar a few years back. Different wording, but same principle. They said I owed some 'tax' before withdrawal. Paid it. Then they wanted an 'admin fee'. Paid that. Ended up losing the lot. This 'security fund' sounds exactly like the same rabbit hole. That 10k felt like a fortune when I put it in. Now I'm just careful. Report them. Even if you don't get the money back, at least you warn others. File a report with your local police and maybe even a consumer protection agency like the ACROSS in Australia if you were here. Or IC3 if you were in the US. They might not help me, but they can help prevent someone else getting scammed.

William Martin · Adelaide, Australiaanswered 3d ago
4

I'm so sorry this is happening to you. I'm in a similar boat, though mine hasn't gone as far as trying to withdraw yet. The platform I'm using keeps nudging me to deposit more, talking about 'special bonuses' if I hit certain amounts. Reading your post makes me so scared. I feel like I'm being led down the same path. This 'security fund' thing you described sounds exactly like what I've been reading about in scam forums.

Emily Young · Los Angeles, USAanswered 3d ago
5

This is a very common scam pattern, unfortunately. Brokers that demand upfront 'security funds' or 'taxes' before releasing profits are almost certainly fraudulent. They operate by making your account look profitable, building trust, and then creating fabricated reasons for you to pay more money. In reality, there's no profit to withdraw; they've likely been manipulating the trades or simply stealing your initial deposit. For regulatory oversight in Europe, you'd typically look to authorities like BaFin (Germany) or the AMF France. If this platform isn't regulated by one of these, it's a major warning sign. Always check the regulator's website directly and verify the broker's license number.

Laura Meyer · Frankfurt, Germanyanswered 3d ago
4

Nope, never heard of a legit broker asking for a 'security fund' like that. Sounds like total BS to me. They want more money from you, that's all. Why would *you* need to secure *your* profit for *them*? It's your money they're holding. If it was real, they'd have regulations behind it, right? Like the AFM here in the Netherlands would surely flag something like that. This feels like the start of them bleeding you dry. Be careful.

Saar Meijer · Amsterdam, Netherlandsanswered 3d ago
3

Oh gosh, that sounds awful! You're definitely not alone in experiencing this kind of thing. It's so disheartening when you work hard for something and then hit a wall like this. I'm sending you all the good vibes and hope you find a way to resolve it. Don't give up asking for advice!

Ava Brown · Sydney, Australiaanswered 3d ago
6

This is a classic exit scam. They create a fake profit, then demand a fee disguised as a 'security fund' or 'tax'. Once you pay it, they'll likely come up with another excuse. Real brokers don't operate this way. They're regulated and transparent. If you're in France, you should absolutely report this to the Autorité des Marchés Financiers (AMF France). They oversee financial markets there. Filing a report is crucial, not just for your money, but to help authorities track and shut down these operations. They might ask for proof of the 'security fund' request, so keep all your communications.

Joshua Hall · Minneapolis, USAanswered 3d ago
5

Ugh, I know that feeling of wanting your money back so badly it hurts. This 'security fund' sounds like pure garbage. It's not a thing in legitimate trading. They're just trying to get more money out of you. I'm sorry, I wish I had a magic solution. Just... don't send them any more money. Seriously.

Lina Robert · Nantes, Franceanswered 3d ago
7

STOP! Do NOT pay that security fund. This is a well-known scam. They create a virtual profit on a fake platform and then demand a 'fee' to release it. You'll pay it, and then they'll invent another fee. Your money is likely already gone, or they're trying to steal it from you. You mentioned being in Nice, France. Your best bet is to file a complaint with the AMF France immediately. You can also report them to your local police. Do not send them another euro. They might also try to get you to download some remote access software – DO NOT DO IT.

Lea Wagner · Leipzig, Germanyanswered 3d ago
5

This is absolutely a scam. There is no legitimate 'security fund' required to release profits. This is a common tactic used by fraudulent brokers, especially unregulated ones like OptionStarsGlobal or FXChoice often are. They create a fabricated account balance and then invent these fees to extract more money from victims. Your initial deposit is likely gone, and this is just another attempt to fleece you. Report this to the financial regulatory authority in your jurisdiction. For France, that's the AMF France. Keep all communication records, screenshots, and transaction details.

Levi de Vries · Utrecht, Netherlandsanswered 3d ago
3

Oh no, that sounds dreadful! Please don't feel stupid, these people are very cunning. It's completely normal to be taken in by a convincing setup. I really hope you can find a way to sort this out. Sending you strength!

Ava Wilson · Perth, Australiaanswered 3d ago
6

I hate reading this. It hits close to home. This is exactly how they get you. They show you fake profits, then invent fees. That 'security fund' is a classic line. My wife told me, 'If it sounds too good to be true, it probably is,' and she was right. I lost a good bit to a place called EuroFX a while back. Same story. They wanted a 'processing fee' then. You need to report them. File a complaint with the AMF France. They might not get your money back, but you gotta try. Maybe check out forexpeacearmy.com too, they have reviews and info on scam brokers.

Raphael Thomas · Paris, Franceanswered 3d ago
5

This sounds exactly like what happened to me last year. I invested with a platform that promised huge returns, and when I tried to withdraw, they demanded a 'compliance fee'. I paid it, and then they asked for a 'tax payment'. I never saw a cent back. I'm in Paris and reported it to the AMF France, but honestly, it felt like shouting into the void. They took all my savings. Please, please do not send them any more money. It's gone.

Layla Al Qasimi · Sharjah, UAEanswered 3d ago
4

That's a very common scam. 'Security funds,' 'transfer fees,' 'tax payments' – they'll invent anything to get more money from you. These platforms are often unregulated or regulated by dubious authorities. A legitimate broker would not ask for a security fund to release profits. If you're in France, contact the AMF France and file a formal complaint. Also, report it to your bank immediately, as they may be able to reverse transactions if it's recent enough, though with forex it's often difficult.

David Schroder · Frankfurt, Germanyanswered 3d ago
4

Oh, mate. That's a tough spot. Never heard of a legit outfit needing a 'security fund' to give you back your own dough. They just want to fleece you for more. It sounds like one of those fake platforms, probably offshore and unregulated. Make sure you report this to the AMF France. Keep records of everything. Don't send them more money, that's for sure.

Sean Byrne · Belfast, Irelandanswered 3d ago
5

Red flag, red flag, red flag! This is a classic scam pattern. They build up fake profits and then create a barrier to withdrawal, like this 'security fund'. There's no such thing in legitimate finance. If you are in France, you must report this immediately to the AMF France. Keep all documentation – emails, screenshots of the platform, chat logs. They are the regulatory body responsible for overseeing financial markets there. Don't send them another cent. It's their money they are holding, not yours needing security.

Alice Dubois · Toulouse, Franceanswered 3d ago
6

I am so sorry you're going through this. I live in Nice too and I had a very similar experience about 18 months ago. I put in about 8k euros into a trading platform, saw profits, and then they hit me with a 'withdrawal tax'. I paid it, then they wanted an 'admin fee'. I ended up losing everything. I reported it to the AMF France, but nothing came of it. That 'security fund' is just another trick to get more money. Please, please don't send them anything else. You're not alone, and I wish I'd known about this forum back then. Maybe look into Action Fraud if you're in the UK, or the equivalent here.

Alice Thomas · Nice, Franceanswered 3d ago
7

This is a classic scam playbook, sadly. The 'security fund' is completely fabricated. They'll just keep asking for more money, claiming 'taxes,' 'transfer fees,' 'processing issues' – anything to extract more. OptionStarsGlobal and similar outfits operate exactly like this. No legitimate broker ever demands an upfront 'security fund' to release profits. Report them to the AMF France immediately, even if it feels like a long shot. They need to know about these operations.

Omar Al Mansoori · Al Ain, UAEanswered 3d ago
5

Ugh, been there. Exactly the same situation for me last year with a platform called FXChoice. They also demanded a 'tax clearance' fee before letting me withdraw my 'profits.' Told my wife I was sitting on a goldmine. Ended up losing pretty much everything I put in, about 7k CAD. They just kept saying my account was 'flagged' and I needed to pay more. Eventually, they just disappeared. Don't send them another cent.

Liam Lavoie · Calgary, Canadaanswered 3d ago
6

OMG, please stop sending money. This is a scam, 100%. They prey on people's hope. The 'security fund' is just a way to get more cash out of you. They will never release your profits. It’s heartbreaking. I’ve seen this happen to friends. Look up the broker on a site like Trustpilot but take those reviews with a grain of salt too, they fake good ones. Always check with your local financial regulator, like the FSB (now FSCA) here, before investing.

Naledi Ndlovu · Pretoria, South Africaanswered 3d ago
4

I fell for this. They said I needed to pay a 'compliance fee' to release $8,000 of my invested $5,000. I even took out a small loan to pay it. What a fool I was. They were from some fake firm, 'EuroFX,' they called it. They promised double my money in weeks. I haven't seen a cent since December. My wife is furious, and rightly so. I'm on the hook for the loan now. So, yes, it’s a scam.

Ethan Ndlovu · Port Elizabeth, South Africaanswered 3d ago
3

Oh no, I’m so sorry you’re going through this. That sounds incredibly stressful. Your gut feeling is usually right about these things. It’s really tough when you see potential profits and then hit a wall like this. Try not to blame yourself – these scammers are good at making things look convincing. Hang in there, and definitely don't send them any more money.

Olivia Bouchard · Calgary, Canadaanswered 3d ago
5

This smells fishy. A 'security fund' to release profits? Never heard of that. This is identical to a situation my cousin's friend in Malaysia encountered with a firm that was supposedly regulated by MAS, but it turned out to be a sham. They just kept moving the goalposts. The best thing you can do is stop communication and report them. If they are operating within the EU, you can likely report them to your national regulator (AMF France in your case) and potentially even ESMA.

Daniel Koh · Singapore, Singaporeanswered 3d ago
4

Tell me about it. Had a similar run-in a year ago with one of those 'investment gurus' on Insta. Claimed he had a special platform. Put in 2k EUR. Made a supposed 10k profit. Then came the 'withdrawal fee' – a 'tech upgrade' cost, they called it. Sent them another 500 EUR. They vanished. Total loss. My partner was so mad. Lesson learned the hard way: if it sounds too good to be true, it always is. Stick to regulated platforms you can verify directly.

Chloe Martin · Toulouse, Franceanswered 3d ago
6

Please, for the love of all that's holy, do NOT pay them any more money. This 'security fund' is pure fiction. They are trying to bleed you dry. I lost €5,000 to a scam that promised high returns and then demanded a 'capital gains tax' before withdrawal. It was IronFX offshore. They never sent any money back. I reported it to my local police and the BaFin here in Germany, but honestly, getting the money back is rare. Always check the regulator's warning lists.

Marie Muller · Hamburg, Germanyanswered 3d ago
3

Oh mate, you’ve hit the nail on the head. That’s exactly what happened to me last year. Lost about £4,000. They called it a ‘verification deposit’ and said it was to ‘prevent fraud.’ Complete rubbish. They wouldn't release my 'earnings.' Eventually, they just stopped replying. Tried reporting it to Action Fraud here in the UK, but like most people, I never saw a penny again. It’s a horrible feeling, but you’re not alone. Don’t send them another euro.

Liam Ryan · Belfast, Irelandanswered 3d ago

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