#fca
3 questions tagged with #fca
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.
My 'broker' FXChoice is asking for a 'profit verification fee' to release my crypto profits. Scam?
Okay, so I got lured into this crypto trading thing, seen some ads on social media about making quick cash. Put in about £2k initially, then another £3k when they said I was 'investing' in some hot new altcoin. My account with this 'FXChoice' broker actually shows like £15k profit now, which is wild right? But when I tried to withdraw, they're saying I need to pay a 'profit verification fee' of £1500 before they can release anything. They said it's for compliance and to prove the funds aren't from illicit activities. It seems really dodgy to me, like, why can't they just take it from my 'profits'? This is my life savings nearly. Is this a new scam tactic or is it legit? I'm in London, so thinking of reporting to FCA but not sure if they'd even help.
A company called 'Claim Solutions Ltd' wants an 'escrow processing fee' – is this a recovery scam?
Hi everyone, I'm really at my wit's end here. Back in November, I lost about £4,500 to a fake crypto investment platform. It was devastating, I know I should have been more careful. I reported it to my bank and the FCA, but haven't heard much back. Yesterday, I got an email from a company called 'Claim Solutions Ltd'. They said they found my case through a 'public database' and that they can recover my funds. They've been quite professional so far, sent me some documents, and even showed me a screenshot of what looks like my lost funds in an 'escrow' account. But now they're asking for a £350 'escrow processing fee' to release the money. They say it's fully refundable once the funds are transferred. Is this legit? Or am I about to be scammed again? I'm so paranoid now, I just want my money back.