My 'broker' EuroFX wants a 'capital appreciation fee' to release my profits. Is this legit?

asked 5d ago1 views9 answers
0

Hey everyone, feeling pretty stressed out right now. I've been trading with a platform called EuroFX for a few months, and honestly, things seemed too good to be true at first. My account showed some decent profits, like over 15k EUR. So I tried to withdraw a chunk of it last week.

Now, they're telling me I need to pay a 'capital appreciation fee' before they can process the withdrawal. They said it's for 'international compliance' or something. It's about 15% of my profit, which is like 2250 EUR. I didn't see anything about this fee in their terms and conditions when I signed up. They're being super pushy about it, saying my funds will be locked if I don't pay. I'm in Groningen, so I've been checking stuff from the AFM but it's hard to tell if this is a real thing for brokers, especially with international ones.

Has anyone encountered this 'capital appreciation fee' from EuroFX or any other broker? Is this a standard charge or am I getting scammed? I really need to know before I send them any more money.

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EuroFX· scamAFM· trusted

9 Answers

47

Milan, I'm really sorry to hear you're going through this. To be blunt, the 'capital appreciation fee' you're describing from EuroFX is a classic scam tactic. This is not a legitimate fee levied by any reputable, regulated financial institution, especially not as a prerequisite for withdrawing your own profits. Legitimate brokers operate transparently, with all fees clearly outlined in their terms and conditions *before* you even deposit funds, and certainly not sprung on you *after* you've made profit and are trying to withdraw.

EuroFX, as you've probably gathered from your own checks or perhaps a quick search, is an unregulated entity. They are known for these types of schemes. The 'international compliance' excuse is just jargon to sound official. Their goal is to extract as much money from you as possible. If you pay this 2250 EUR, they will inevitably come up with another 'fee' — a 'tax clearance fee', 'anti-money laundering fee', 'account activation fee', you name it – until you run out of funds or realise what's happening. Stop communicating with them. Do not send another cent. Document everything: screenshots of conversations, emails, transaction records. Report this immediately to the AFM in the Netherlands; although they might not be able to directly recover your funds from an unregulated offshore entity, they can issue warnings and assist with chargebacks if you used a credit card or traditional bank transfer. Your best bet for recovery, albeit difficult, lies in initiating chargebacks through your bank ASAP. Good luck.

Maximilian Schafer · Dresden, Germanyanswered 5d ago
28

Oh man, this sounds exactly like what happened to me with some shady forex platform a couple years ago, though it wasn't EuroFX. They called it a 'profit release fee.' Same deal, suddenly popped up when I tried to withdraw. I even paid it once, hoping it would work, and surprise, surprise, they then asked for another 'transaction authentication fee.' That's when it clicked. Total scam. Don't pay it, seriously. You'll just be throwing good money after bad. I managed to get a tiny bit back via a chargeback through my bank, but it was a fight. Good luck, Milan.

Aisha Al Marri · Al Ain, UAEanswered 5d ago
35

Classic, *classic* red flag, Milan. Any broker that suddenly demands an extra fee to 'release' or 'process' your withdrawal, especially one with a jargon-y name like 'capital appreciation fee' that wasn't disclosed upfront, is almost certainly a scam. Legitimate financial institutions don't operate like that. They have clear fee structures. The fact that EuroFX isn't regulated by someone like the FCA or AFM is your biggest warning sign. They're making up fees as they go. Stop communicating with them, consider your initial investment gone, and definitely don't send *any* more money trying to chase your 'profits.' Those profits probably aren't even real, just numbers on their fake platform.

Logan Gagne · Toronto, Canadaanswered 5d ago
22

Ugh, Milan, I'm so sorry you're dealing with this. It's a complete scam, 100%. Been there, done that, with a similar broker (not EuroFX specifically, but another one that gave me the same line about a 'tax fee' to withdraw). I was also in Groningen at the time, made me feel so stupid. I paid the first 'fee' because I was so desperate to get my money, and then they just came back with another one. Don't repeat my mistake. Do NOT pay them anything, man. The money they show as 'profit' isn't real. It's just numbers they manipulate to make you think you're rich so you'll pay their fake fees. Your best bet is to try a chargeback if you used a card. The AFM won't be able to do much for direct recovery since these guys are usually offshore. Cut your losses and move on.

Lucas van Dijk · Groningen, Netherlandsanswered 4d ago
19

A 'capital appreciation fee'? Sounds like something they just made up on the spot, tbh. I've heard of various withdrawal fees and commissions, but usually they're percentage-based on the transaction, or a flat fee, and they're *always* stated in the terms. And 'international compliance' could mean literally anything. If it's not in their official documents that you agreed to, it's highly suspicious. I'd be very, very wary of paying anything. This has all the hallmarks of those fake brokers that just keep asking for more money from you until you give up.

Chloe Naidoo · Johannesburg, South Africaanswered 4d ago
39

No, Milan. Absolutely not. That's a scam, full stop. A legitimate broker would never, ever charge a 'capital appreciation fee' or any similar random fee to *withdraw your own money* that wasn't explicitly stated and agreed upon from day one. Especially not as a percentage of your profit. This is a common tactic used by unregulated, fraudulent brokers like EuroFX. They lure you in with fake profits, make you think you've struck gold, and then invent these fees to try and get more money out of you. Once you pay this, they'll invent another. My advice: cut all communication, don't pay another cent, and flag this to your bank for a potential chargeback of your original deposit. These guys are criminals.

Ethan Coetzee · Cape Town, South Africaanswered 4d ago
15

Dude, I got hit with a similar thing from a broker called FXChoice. They wanted a 'trading compliance fee' once I tried to pull out my supposed profits. It was a couple of grand. I paid it, cause I was an idiot and just wanted my cash. Guess what? Immediately after, they asked for a 'tax clearance certificate payment'. That's when I realised I was being played. So no, this capital appreciation fee is not legit. You're being scammed, Milan. Stop sending them money. I lost everything, about 8k AUD. Don't make my mistake.

Charlie Brown · Adelaide, Australiaanswered 4d ago
18

This whole 'capital appreciation fee' sounds like complete nonsense, Milan. Seriously, it's not a standard, legitimate charge in pretty much any financial domain. Especially not as a sudden requirement for *withdrawing your own funds*. It rings every single alarm bell for a scam broker trying to squeeze more money out of you. The fact you're even asking, combined with their pushy attitude and lack of pre-disclosure, tells me all I need to know. Don't pay it. Those profits are likely just numbers on a screen; they aren't real money you can access. Save your 2250 EUR and consider the initial investment a hard lesson learned, unfortunately.

Julia de Vries · Groningen, Netherlandsanswered 4d ago
31

Please, Milan, do not pay this 'capital appreciation fee'. This is a very common scam tactic employed by unregulated brokers and fraudulent investment platforms. They will create a fake sense of urgency and invent various obscure-sounding fees to prevent you from withdrawing funds. EuroFX is not a regulated entity by MAS or any reputable international financial authority, which is the biggest red flag. The 'profits' you see in your account are entirely fabricated. If you pay this fee, they will simply invent another one, or disappear with your money. Your best course of action is to cease all communication immediately and explore chargeback options through your bank for any funds you deposited.

Hui Tay · Singapore, Singaporeanswered 4d ago

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