My 'copy trading' returns on EuroFX vanished, now they're asking for more to withdraw. Scam?
Bonjour everyone. I'm feeling so stupid right now, like a complete fool. I got into this 'copy trading' thing with a platform called EuroFX. Saw all these amazing returns from some 'master trader' they showcased on their site, thought I'd finally caught a break. I started with a small deposit, like 200 euros, and it actually grew super fast, on paper anyway. Pretty quickly, I put in more, about 3,000 euros in total, from my savings. My account showed like 8,000 euros profit after a few weeks, it was exhilarating.
But then, when I tried to withdraw just 500 euros, suddenly my 'master trader' had a bunch of losing trades. All my profits disappeared overnight. EuroFX support then told me I needed to 'deposit more capital to cover margin requirements' if I wanted to unlock my account for withdrawal. This sounds incredibly fishy to me. Has anyone else experienced this with EuroFX or similar copy trading platforms? Is my money gone? What can I even do from France?
33 Answers
Oh man, that's exactly what happened to me with FXChoice a couple years back, though it wasn't copy trading, just a regular forex account that suddenly 'lost' everything. The profits were so convincing at first, right? I learned the hard way that if it looks too good to be true, it absolutely is. The minute they ask for more money to 'unlock' your own funds, that's your biggest red flag. Your money is gone, most likely. I reported it to the AMF France then, they couldn't do much on their own sadly but they logged it. I managed to get a small portion back through my bank's chargeback process on my credit card, but it was a long shot. Don't beat yourself up, these guys are pros at manipulation.
Ugh, this is classic, Lucas. That immediate deposit growth, showing massive profits, then the sudden 'losing streak' right when you try to withdraw, followed by the demand for more money – it's a textbook copy trading scam strategy. EuroFX is a known unregulated entity, you'll rarely find an address or proper registration details for them with a trusted body like the AMF France or the AFM in the Netherlands; they hide behind shell companies. They manipulate the numbers you see on your screen; those profits were never real. The 'master trader' is just part of the illusion they create. Don't, I repeat, ABSOLUTELY DO NOT send them any more money. That's just throwing good money after bad. Your best bet is to gather all your transaction evidence – bank statements, emails, chat logs – and report it. In France, you'd contact the AMF, although with an unregulated offshore broker, their direct intervention might be limited. But it helps build a case. Look into chargebacks with your bank if you used a credit card or proper bank transfer. The more time passes, the harder that gets.
Lucas, this IS a scam. A very common one, unfortunately. The 'master trader' and the initial insane returns are just bait. They make you feel confident, make you deposit more, then when you try to take *your* money out, poof – it's gone, and suddenly *you* need to pay *them* to get it back. That's the ultimate sign. Never pay to retrieve your own money from a broker. Always, always check for proper regulation. For France, that's the AMF. For Germany, it's BaFin. Most of these shady brokers operate from offshore locations specifically to avoid these regulators. Cut all contact now. Any further communication from them will just be more attempts to extract money or personal info from you.
Yeah man, I actually almost fell for a similar deal with OptionStarsGlobal last year. Some guy on Instagram talking about 'guaranteed' returns if I just 'copied' his trades. Almost put in a chunk of my inheritance. What stopped me was when I looked them up online and saw all the warnings from the CFTC and other bodies. Your situation with EuroFX and the 'margin call' to release withdrawals? Total scam tactic. They just want more of your cash. It sucks, I know the feeling of almost getting taken. Your money as it stands is probably gone, but don't give them another cent.
Lucas, it sounds absolutely like a scam, and it's heartbreaking to hear. Please don't blame yourself; these scammers are very sophisticated and prey on people's hopes. The 'copy trading' with manipulated profits and then the sudden demand for more money to withdraw is a classic sign of foul play. You did the right thing by questioning it the moment they asked for more. Stop all communication with them right now. They'll probably keep calling, sending emails, trying to pressure you. Block their numbers, mark their emails as spam. Focus on gathering your evidence for a potential report or chargeback, as others have said. You're not alone in this.
This whole thing with EuroFX definitely screams scam, Lucas. Especially the 'sudden loss' narrative followed by the demand for 'more capital'. That's not how legitimate trading works, and it's certainly not how regulated brokers (like those overseen by the FCA in the UK or the AMF in France) operate. They exploit your hope and excitement. Once you're in, they move the goalposts. Any firm asking for more money from you to 'release' your existing funds is trying to fleece you further. Your initial funds are probably gone, I'm afraid. Don't let them trick you into sending even more.
This is a very common type of investment scam, often termed a 'recovery scam' in its later stages if you engage with 'services' promising to get your money back. In your case, EuroFX is an unregulated broker. They manipulate the trading platform interface to show fake profits and performance. The 'master trader' is entirely fabricated. When you attempt to withdraw, they concoct excuses like 'margin requirements' or 'taxes' or 'fees' to extract additional funds. The critical red flag is the requirement to pay *them* more money to access *your* own funds. A legitimate broker would never operate this way. Your best course of action is to cease all communication, report the scam to the AMF in France (even if they can't directly recover funds, it aids their intelligence gathering), and notify your bank for potential chargebacks. Be wary of any third party contacting you unsolicited, promising to recover your losses; these are frequently secondary scams.
Hey Lucas, I hear you, it's a gut-wrenching feeling. Don't beat yourself up though, these cons are designed to make you feel like you're missing out. That 'copy trading' stuff, especially with those astronomical returns, is a massive red flag. Real trading just doesn't offer that kind of consistent, guaranteed profit. When they ask for more money to fix a 'problem' THEY created, that's the ultimate sign to run. Your money's likely gone, man. But the most important thing now is to protect what you have left and not fall for any 'recovery' schemes. They'll often pop up next, pretending to help you.
Ugh, this reminds me so much of my own experience, but with IronFX offshore. They're all the same playbook, honestly. The 'copy trading' is just a fancy wrapper for a standard pump-and-dump where YOU are the one dumping your money. I did get a bit back from my bank using their dispute resolution for a card payment, but it was like pulling teeth. It took forever, and I had to submit every single email, screenshot, and transaction detail I had. Definitely don't send EuroFX another cent, Lucas. It's a tough lesson but you've learned it now. Just focus on stopping the bleeding.
Lucas, what you've described is a classic 'advance fee' scam nested within a trading scam framework. The copy trading aspect provides a veneer of legitimacy and automated profit generation to lure you in. The initial 'profits' displayed on your account are completely fictitious – they are used to build your confidence and encourage larger deposits. The moment you attempt a withdrawal, the scam pivots. They invent an excuse (like sudden losses, margin calls, taxes, or verification fees) and demand more money from you. This is the 'advance fee' component; they are trying to extract as much as possible before you realize the true nature of the scam. EuroFX, being an unregulated entity, operates outside any consumer protection. Your best recourse is to immediately cease all communication with them. Simultaneously, initiate a chargeback process with your bank or credit card provider for all transactions. Be prepared to provide comprehensive documentation. While direct recovery from EuroFX is highly unlikely, a chargeback might yield some results. Furthermore, report this to the AMF in France; they maintain a blacklist of such entities.
Oh mate, that sounds like textbook EuroFX. They're notorious for this exact kind of scam. The 'master trader' is probably fake, a made-up scenario to lure you in. Once you deposit more, guess what? That 'margin requirement' just keeps moving. You're likely not getting any of that money back, unfortunately. Report them to AMF France, though even that might be a long shot given their offshore setup. It's a brutal lesson.
I'm so sorry you're going through this. It sounds incredibly stressful and upsetting, especially when it's your hard-earned savings. Don't beat yourself up, these platforms are designed to look legitimate and promising. They prey on people wanting a better financial future. You're definitely not alone in experiencing something like this. Sending you strength.
Yeah, 'copy trading' with these unregulated outfits is always a gamble, and usually, the house wins. The sudden 'losing trades' and 'margin calls' are classic red flags. If it sounds too good to be true, it almost always is. Did you check if EuroFX is even licensed by a proper financial authority in France or anywhere reputable for that matter? Doubt it.
This is exactly what happened to me, but with OptionStarsGlobal. Started with 500 euros, they showed me 2k profit, then boom. Asked for more money for 'taxes' or some BS. Told me I needed to deposit another 1000 euros. I refused and they locked my account. Lost everything. I'm in the process of filing a report with the CFTC online, but ngl, I don't have much hope. It feels like they just vanish.
Hey, chin up. It's a tough situation, but recognize the scam for what it is. Many people fall for these 'get rich quick' schemes. The key is always due diligence. Always check regulator licenses. For EuroFX, given they are asking for more money to withdraw profits, it's a very bad sign. Try reporting to the relevant French authority, AMF France. They might have some recourse.
Warning! EuroFX is a known scam operation. They operate offshore and use fake traders/strategies. This happens all the time. They will keep asking for more money for 'fees', 'taxes', 'margin', etc. Do NOT send them any more money. Your best bet is reporting them to financial authorities like the AMF France, and maybe even consider consulting a specialist firm that deals with recovering funds from forex scams, some folks have had luck with Nethertrace (nethertrace.co).
From a technical standpoint, what you're describing is a common scam archetype. Platforms like EuroFX often simulate trading activity. The 'profit' appears in a web interface, but it's not real money in the market. When you try to withdraw, they reveal the scam by fabricating 'losses' or 'fees'. Crucially, they are not regulated by any reputable body like the CFTC or ASIC. Always check the regulatory status. If they claim to be regulated, verify it *independently* on the regulator's website.
I'm in a similar boat. Invested £2000 with FXChoice, saw it jump to £5500. Then they said I owed £1500 for 'advance tax relief' before I could withdraw. Paid it. Then they said my account was flagged for money laundering and needed another £3000 for 'compliance'. I'm completely broke now. My wife is furious. Feels like a punch in the gut. These people are evil.
This is frustrating. It sounds like a classic 'advance fee fraud' mixed with a Ponzi scheme. They show you fake profits to get you hooked, then when you want your money, they invent reasons (margin, taxes, fees) to ask for more. Unfortunately, recovery is very difficult once the money is transferred, especially if it's to unregulated entities. Reporting it is important, but don't expect a quick resolution.
Been there. Lost $5k on IronFX offshore a few years back. Same story: huge paper profits, then a 'margin call'. They wanted another $2k. I said no, and they just froze my account and site went dark. Took me ages to get over it. What I learned is: never invest more than you can afford to lose, especially with offshore brokers. And if they want more money to release yours? It's over. Reported to ASIC, but they couldn't do anything about an unregulated offshore scam. You might try Nethertrace (nethertrace.co) if you want to explore recovery options, but manage expectations.
I had a similar experience a while back, though not with EuroFX specifically. I was investing in what they called an 'exclusive crypto fund'. They showed me amazing returns for about six months. Then one day, the website disappeared, and so did my investment. Never got a penny back. The only thing I could do was report it to the police and warn others. It's a harsh reality, but these scams are very sophisticated these days.
This screams scam. The whole 'master trader' thing, the sudden losses, the demand for more money to withdraw? Red flags everywhere. Don't send them another cent. They're just trying to squeeze more out of you. Your money is likely gone, but reporting it to AMF France is still the right thing to do to warn others and potentially aid investigations.
Ugh, that's awful. I almost fell for something similar last year. They had glossy ads and promises of 20% monthly returns. My gut feeling told me to check the company registration and financial licenses. Turns out, they were completely unregulated. Walked away immediately. Always, always verify regulatory status. A quick search on the AMF France website could have saved you a lot of heartache.
This exact scenario happened to my cousin with a platform called 'Global FX Masters'. Showed him 30k profit on a 2k investment, then boom. They wanted him to pay an 'international transfer fee' of 1500 euros first. He paid it. Then they wanted another 2000 for 'account verification'. He never saw a cent again. It's a pattern. Be very careful folks.
I got caught by a similar thing. Invested €1000, saw it grow to €4000 on screen. Then they asked for €500 for 'withdrawal processing'. Paid it. Then they said my account needed more 'liquidity' and asked for another €1500. When I refused, they blocked me. Absolute scam. I reported it to the police here in Ireland, but they said without a regulated entity involved, it's hard to track. That company has since vanished.
This is heartbreaking to read. It’s a classic bait-and-switch. The fake profits lure you in, then the withdrawal block and requests for more money are the final steps to trap you. Don't send them anything else. Report EuroFX to the AMF France. You can also check out Nethertrace (nethertrace.co) for advice on potential recovery, although it's a tough road. Stay strong.
Oh no, this sounds exactly like the nightmare my friend went through with OptionStarsGlobal. They promised the moon, showed massive profits, then hit her with a huge 'tax bill' just to withdraw. She paid it and was immediately blocked. No response from support. It's a horrible feeling of helplessness. Just gotta warn as many people as possible about these fake trading platforms.
So sorry to hear this. This pattern is unfortunately very common with unregulated forex brokers and 'copy trading' platforms. They manipulate the platform to show profits, then invent reasons to block withdrawals or ask for more funds. Your best bet is to report them to the relevant financial conduct authority, in your case, the AMF France. Don't send them any more money.
This is a classic advance-fee scam disguised as investment. The 'master trader' is likely fictional, and the profits are just numbers on a screen, not real gains. When you try to cash out, they invent 'fees' or 'margin requirements' to extract more money. You've likely lost your deposit. Report them to AMF France. You can also check if they are affiliated with any known scam networks, sometimes reporting to global bodies like the CFTC can help build a case, even if they can't directly recover funds.
The whole 'margin requirement' thing is a huge red flag. It's a common tactic used by fraudulent brokers like EuroFX. They create fake losses or impose bogus fees to force you to deposit more money, which they then also steal. Unfortunately, once you've deposited funds with an unregulated entity and they start demanding more to release your 'profits', the money is almost certainly gone. Your best course of action is to file a complaint with the AMF France. Also, NEVER give them remote access to your computer.
Oh wow, this is a classic. Ngl, the 'margin requirement' excuse after profits vanish is their standard move. EuroFX is definitely on the scam list, same playbook as IronFX offshore and OptionStarsGlobal. They lure you in with fake gains, then block withdrawals with made-up fees or 'margin calls.'
Don't send them another cent. Seriously. They prey on that initial excitement. What you MIGHT be able to do is file a dispute with your bank or credit card company, if you used one. Sometimes chargebacks work for recent deposits, but it's a long shot, especially with wire transfers if you went that route. Keep all the screenshots, chat logs, emails – everything. This stuff is vital if you decide to report it.
For reporting, check with the AMF France and the CFTC if they have any cross-border jurisdiction agreements. They're legit regulatory bodies. These crypto/forex scams are rampant right now.
Gosh, reading your post made my stomach drop. I can only imagine how panicked you must feel right now. I'm so sorry you're going through this. It sounds exactly like what my friend's sister went through with one of those fake trading apps last year. They promised the moon, then pulled the rug out. It's absolutely heartbreaking when you work hard for your savings and then something like this happens.
Don't blame yourself for a second, okay? These people are professionals at manipulating and misleading people. They create these elaborate facades to look legitimate. The key thing here is that they *won't* let you withdraw. That's the biggest red flag after the fake profits. If you've already sent them more money based on their 'margin requirement' demand, that's really tough, but if not, protect what you have left.
Perhaps try reaching out to a consumer protection agency in France? Or even the actual Forex regulator, AMF France, to see if they have any advice, even if EuroFX isn't officially regulated by them. Sometimes they can point you in the right direction. Hang in there.
Mate, that sounds like a total scam. EuroFX is known for this garbage. They show you fake profits to reel you in, then slap you with 'margin calls' or 'taxes' or whatever to get more money when you try to cash out. It's a common scam, unfortunately. I saw something similar happen to a guy on an IronFX thread a while back; they ended up losing everything.
Warning: DO NOT send them any more money. Whatever they tell you about 'margin requirements' is pure fiction designed to get more cash from you. Once they have your money, they make it almost impossible to get back.
Your best bet, though it's a long shot, is to immediately contact your bank (or the institution you used for the transfer) and see if you can initiate a chargeback or dispute the transaction. Explain that it was a fraudulent platform. Also, file a formal complaint with ASIC in Australia, and I'd strongly suggest reporting it to the AMF France as well. They are the official regulators. Getting this documented is the first step even if recovery is unlikely.

