My 'broker' told me my account profits are 'unrealized' until I pay a 'market-maker fee'. Scam?
Long story short, I got into crypto trading after seeing some ads on Instagram. Found a broker, not gonna name names yet, but they seemed legit at first. Deposited a few thousand pounds, and honestly, the trading platform looked okay. I even made some decent 'profits' – or so I thought. When I tried to withdraw a chunk of it, like maybe 8k GPB, suddenly my account manager, who was super responsive before, went radio silent for a bit. Then I got an email saying my 'profits are currently unrealized' and to make them 'realized' and therefore withdrawable, I needed to pay a 'market-maker fee'. They want another 1,500 GBP on top of what I've already put in. I'm based in London. This sounds incredibly fishy, especially after reading about all the other fees people get hit with. Has anyone else encountered this specific 'market-maker fee' after trying to withdraw profits? What even *is* a market-maker fee? Are my funds gone, or is there anything I can do here? I've already reported it to FCA online just in case.
10 Answers
Yup, total scam, Grace. I went through somethin' similar, not with a 'market-maker fee' specifically, but a 'compliance verification fee' for 'unrealized gains' from an 'offshore broker' based out of some tiny island. Lost about $7k AUD myself before I cottoned on. The moment they ask for *more* money to release what's supposedly *your* money... that's the absolute hard stop. It's a trick to keep you paying. These guys are criminals. I reported them to ASIC here in Australia, but like the FCA, it's mostly about shutting them down for others, not getting your money back. What really helped me wrap my head around was that the 'profits' shown in my account weren't real. They were just numbers on a screen designed to lure me. So sorry this is happening to you. Don't pay. Ever.
Grace, what you've described is a classic scam tactic. A legitimate broker would never, ever, ask you for a "market-maker fee" to realize profits. Your profits, once they appear in your account balance on a legitimate platform, *are* realized. The whole purpose of a market maker is to provide liquidity, ensuring there's always a buyer and seller. They don't charge *you* directly to release *your* profits. Their compensation comes from the bid-ask spread, which is already priced into trades. It's a fundamental misunderstanding of how markets work that these scammers exploit.
The fact that your account manager went silent then presented this new fee is a huge red flag. This entire narrative of "unrealized profits" that need an extra payment to become "realized" is purely designed to extract more money from you. They'll keep inventing new fees until you either run out of money or realize it's a scam. The FCA report was a good step. Chances are, this 'broker' is unregulated. Check the FCA register; if they're not on it, they shouldn't be operating in the UK. Unfortunately, recovering funds from these offshore unregulated entities is incredibly difficult. Don't pay another penny.
Oh honey, I'm so sorry you're going through this. It sounds absolutely awful. Just know you're not alone, so many people fall for these sophisticated scams. That 'market-maker fee' is just another made-up charge. They invent these things to squeeze more money out of you. Please, please, don't pay anything else. Every time you pay, they'll just come up with a new reason you need to pay *again*. Your funds aren't really 'unrealized'; they're just holding them hostage. Your first step to report to FCA was smart. Collect all your comms, screenshots, transaction records... everything. It's tough but stay strong. You did nothing wrong. It's these criminals who are wrong.
Market-maker fee? Lol. That's a new one even for me, and I've seen some doozies. Sounds like they're just making stuff up as they go along. Unrealized profits? The whole point of showing you a balance is that it's, well, your balance. Unless it's a demo account, which I doubt it is in this case given they're asking for more money.
Seriously though, Grace, this is a scam. Any 'broker' that demands *you* pay them a fee to enable *your* withdrawal is a scam. Full stop. It's like your bank saying you need to pay a 'teller fee' to get your own cash out. Doesn't happen. Don't send them another penny. Consider whatever you've already sent gone. Harsh truth, but better than losing more.
Man, that sucks, I feel you. I got hit with a similar-sounding scam, though it was called a 'liquidity provider fee' when I tried to take out my 'profits' from FXChoice. They showed me these amazing gains, I was like, finally, I'm gonna pay off some debt. And then BAM, another fee. I even paid it. Like an idiot. And then they asked for *another* one, a 'regulatory fee'. That's when my wife stepped in and said, "dude, stop. This is a scam." She was right. Lost a good chunk of change. Don't be like me, Grace. Don't pay it. Just cut your losses. It hurts, but it's better than losing even more.
Grace, this 'market-maker fee' is 100% a fraudulent tactic. In legitimate trading, a market maker facilitates transactions by quoting both buy and sell prices, profiting from the spread between them. This cost is embedded in the transaction itself, not charged as a separate fee for withdrawing your 'profits'. The concept of 'unrealized profits' needing a payment to become 'realized' for withdrawal is a sophisticated deceptive mechanism. Real profits on a licensed platform are available for withdrawal (subject to standard processing times and regulated fees, not arbitrary new fees). Your initial action of reporting to the FCA is correct and commendable. For any future dealings, always verify a broker's license *directly* via the regulator's website (e.g., FCA for the UK, MAS for Singapore, AMF in France, CFTC in the US). If they claim to be regulated, their registration number should be easily verifiable. These scammers often use fake websites or clone legitimate ones. Do not engage with them further; any payment you make now will only enable them to continue their scheme.
Wait, a 'market-maker fee' to unleash your 'unrealized' profits? Lol. That's some next-level nonsense right there. It's a scam, plain and simple. They're just making up jargon to confuse you and extract more money. Imagine your bank saying your salary is 'unrealized' until you pay them a 'payroll processor' fee. It's the same level of logical absurdity.
Don't fall for it, Grace. You've already sent money, don't send anymore. Your profits on their screen aren't real, they're just numbers in their game to string you along. Sorry to be blunt but this is how these things go. The minute they ask for more money to get *your* money, it's a scam.
It's so tough when you finally think you've found something that could really help, and then this happens. My heart goes out to you, Grace. That 'market-maker fee' is absolutely not a real thing you'd encounter with a proper, regulated broker. It's a made-up charge designed to drain your bank account. The 'unrealized profits' line is just a psychological trick to make you think there's real money there that you just haven't unlocked yet, so you're more likely to pay. Please don't give them another penny. You've done the right thing by reporting it to the FCA. Keep all records. While it's a long shot to get your money back, sometimes there are avenues through chargebacks if you used a credit card or specific bank transfers, but be very vigilant of recovery scams that promise to get your money back for a fee. Those are just another layer of scam.
Grace, this is a very common and heartbreaking tactic by scam brokers. The term 'market-maker fee' for 'unrealized profits' is entirely fabricated. Legitimate brokers operate differently; they get their compensation through spreads, commissions, or defined account service fees, all transparently disclosed upfront. They don't invent new fees when you try to withdraw. The moment they block your withdrawal and demand a new fee, it signifies that any 'profits' shown in your account are not real. They are fictitious numbers displayed to entice you into paying more. Do not transfer any more funds. If you do, you'll likely be met with another fee, and then another. It's a vicious cycle designed to extract as much as possible. I've seen so many people lose their life savings this way. Guard your wallet, Grace.
Totally a scam, Grace. 100%. I can't stress this enough. I almost fell for something similar, but it was called a 'tax clearance fee' when I tried to withdraw from some dodgy platform. The whole 'unrealized profits' thing is a huge, flashing red sign. Profits are profits. Once they are 'in your account' on a legit platform, they are available. These specific fees like 'market-maker fee' are designed to sound complicated and therefore legit to people who aren't deeply familiar with financial markets. Don't pay. Any money you send will disappear, and they'll just demand another fee. It's a bottomless pit. Cut contact, block them, and consider what you've sent as a very expensive lesson.

