My binary options broker is demanding an 'account verification fee' to release my small profit, is this a scam?
Hey everyone, feeling really stupid right now. I got into binary options trading a few months ago after seeing some ads, figured I'd try a small amount to see how it goes. I started with like 500 quid, and after a couple of 'successful' trades (mostly thanks to an 'account manager' who kept pushing me), my balance is showing about 2,500. I tried to withdraw a small profit, like 500, just to test the waters, and now the broker is saying I need to pay an "account verification fee" of 300 euros before they can process *any* withdrawal. They're saying it's for 'international compliance'.
This sounds really fishy to me. I mean, they never mentioned this fee when I signed up. Is this a common thing? Or have I been completely played? What should I do? I'm in Dublin, and I used my Revolut card to deposit, if that helps.
asked by Liam Walsh· 12d ago