#broker-disputes
4 questions tagged with #broker-disputes
My 'broker' is asking for a 'withdrawal authorization fee' to release my crypto profits. Is this legit?
Hey everyone, I'm kinda freaking out here. I've been trading with this broker called EuroFX for a few months now, mostly crypto. I put in about 2k initially, and to my surprise, my account actually grew quite a bit, like low five figures. I was super excited, told my husband this might actually work out. But now, when I try to withdraw the profits, they're suddenly asking for a 'withdrawal authorization fee' – it's like 15% of my balance! They say it's for 'regulatory compliance' and to 'validate the funds for release'. I've never heard of such a thing. My legit bank in France, Crédit Agricole, never asks for a fee *before* a withdrawal. It feels really off, but they keep pressuring me saying if I don't pay it, my funds will be frozen indefinitely. I'm in Lille, France. What should I do? Is this normal for crypto brokers? Or am I being scammed?
My 'broker' FXChoice is demanding a 'compliance audit fee' before I can withdraw my profits. Help?
hi everyone, i'm quite panicked right now. i started trading with a company called FXChoice about 6 months ago, mostly forex. things were going okay, i put in about 2k euros and by some miracle, i actually grew it to around 8k, maybe 9k. it felt like a huge relief, you know? i tried to withdraw some of it, maybe 3k, just to test the waters. but then they came back saying there's a 'compliance audit fee' that needs to be paid before any withdrawals can be processed. they're asking for another 1.5k euros, saying it's for 'international regulatory verification' because of the profit amount. it just feels... off. i've never heard of this before. my friend said it sounds like a scam but i don't want to lose all i've supposedly made. is this a normal thing for brokers to ask for? or is my friend right? what should I do?
My 'broker' EuroFX is demanding a 'withdrawal security deposit'. Is this just another scam tactic?
Hi everyone. I'm really at my wit's end here. I traded with EuroFX for about six months, put in a pretty substantial amount, around 10k euros, and actually saw some decent profits reported in my account. I tried to withdraw a few weeks ago – just a small amount to test the waters, like 1k euros. They initially said it was 'processing'. Then I got a call, saying that due to increased regulatory scrutiny and 'international money laundering concerns,' I need to pay a 'withdrawal security deposit' of 2,500 euros before they can release any funds. They claim it's fully refundable once the withdrawal clears. It sounds fishy to me, like all the other stories I've read. Is this a common tactic with these unregulated brokers? I've already lost so much sleep over this, and I really don't want to throw more money after bad. Has anyone dealt with this specific 'deposit' demand?
FXTM is demanding a 15% 'trading turnover tax' to release my profits. Is this legit?
Hey everyone, i'm really freaking out right now. I've been trading forex with FXTM for about six months, put in a good chunk of cash, maybe about 12k CAD total, and actually managed to make some decent profit. Nothing crazy, but enough that I wanted to take some out to pay down some debt. i tried to withdraw like 4k last week, and my 'account manager' (who's been super pushy btw) told me I need to pay a 15% "trading turnover tax" before they can process the withdrawal. He said it's a new regulation and if i don't pay, my funds will be frozen indefinitely. I've never heard of anything like this, and it sounds really fishy. I looked on their website, couldn't find any mention of it. Even tried searching Google, but most results are about *actual* income tax on trading, not some upfront fee from the broker itself. My gut is screaming scam, but I'm also really scared of losing the money. Has anyone dealt with this specific fee or this kind of withdrawal block from FXTM or any other broker? What should i do?