#fxchoice
8 questions tagged with #fxchoice
My 'broker' FXChoice is demanding a 'fund velocity fee' to release my profits. Is this legit?
Ok so I've been trading with FXChoice for a few months now, thinking I was making some decent progress. They were really helpful at the start, my account manager was always available, always pushing me to put in a bit more, saying 'the market's hot'. I put in about 8k USD initially, then another 5k. My account balance shows a good profit, like double what I put in. I tried to withdraw a portion last week, just to test the waters, you know? And now they're saying I need to pay a 'fund velocity fee' because my money has been moving through the system too quickly or something. It sounds completely mad to me. They want like 15% of my balance! I've never heard of such a thing. Is this a common thing with forex brokers, or am i being scammed? I'm in Singapore, and I'm really worried now about getting my money out. What should i do?
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.
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' FXChoice is asking for a 'profit protection deposit' to release my crypto profits. Is this a new scam?
Hi everyone, I'm feeling really anxious right now. I put about 4,000 USD into what I thought was a legitimate crypto trading platform after seeing some ads on social media. It was through a 'broker' called FXChoice. Initially, things seemed fine, and I even saw my portfolio grow pretty quickly. When I tried to initiate a withdrawal of my profits, they said I needed to pay a 'profit protection deposit' first. They're saying it's to 'safeguard' my earnings from market fluctuations during the transfer process and that I'll get it back right after the withdrawal clears. This sounds really fishy to me. I've already invested a fair bit, and now they're asking for more money just to get my own funds out? Has anyone else encountered this specific tactic? Is this a standard procedure I'm somehow not aware of, or another one of these elaborate scams? Really hoping for some clarity here. I'm in Singapore, if that helps.
My 'broker' FXChoice is asking for a 'risk management premium' to release my crypto profits. Legit or scam?
Ok, so I got into crypto trading a few months back, saw this ad for FXChoice and their 'amazing returns', figured I'd try it. I put in a bit of money, and honestly, the profits looked really good on their platform, like way too good. I tried to withdraw about 4000 EUR last week, and suddenly they're saying I need to pay a 'risk management premium' of 15% of my total profit before they can process the withdrawal. They say it's for 'volatility protection' and 'ensuring smooth transactions'. I've never heard of this before with any legit financial service. It sounds fishy, honestly. Is this a new thing with crypto, or is it just another way these unregulated brokers try to steal your money? I'm in France, lost sleep over this. Every time I ask for proof or a legal document, they just send vague terms and conditions. What should I do?
My 'broker' FXChoice is demanding a 'regulatory compliance bond' to release my crypto profits. Is this a new scam tactic?
Ok, so I got lured into this crypto trading thing on Facebook, seemed legit at first. They connected me with this 'broker' called FXChoice. Pushed me into putting in over $7k USD in crypto, saying the returns were amazing. And yeah, my account dashboard *shows* significant profits, like almost double. Tried to make a withdrawal last week, and suddenly they're demanding a 'regulatory compliance bond' of 15% of my total account balance before they'll process anything. They say it's because my profits are 'unusually high' and they need to ensure I'm not doing anything sketchy for EU regulations. I'm in Quebec City, not even in the EU! This feels off. Has anyone dealt with this 'regulatory compliance bond' with FXChoice or any other broker? It sounds like another way to get more money out of me. I'm worried sick, everything I put in was from my savings.
My 'broker' FXChoice wants a 'profit and loss reconciliation fee' to release funds. Is this a new scam tactic?
Hey everyone, i'm really losing hope here. i got involved with this broker, FXChoice, last year after seeing some really flashy ads about high returns on crypto CFDs. stupid of me, i know. i started with a small amount, then they pressured me to put in more, saying i needed a bigger 'capital base' to really see the profits. i ended up putting in a significant chunk of my savings, like, low five figures USD. Now i'm trying to withdraw, and it's been a nightmare. first, they ignored my requests, then they told me i needed to pay a 'tax clearance fee', which i questioned. now they're saying there's a 'profit and loss reconciliation fee' that needs to be paid before any withdrawal can be processed, to 'balance the books' for their regulators. they even sent me what looked like a professional invoice. my gut is screaming this is another trick to get more money out of me. this is stressing me out so much, i can't sleep. has anyone encountered this specific fee from FXChoice or another unregulated broker? what are my options? I'm in Singapore so i'm not sure if the MAS can even help with offshore brokers.
My unregulated broker, FXChoice, says I 'over-leveraged' and deleted my account. Can I get my money back?
Feeling absolutely sick right now. I've been trading with FXChoice for about a year, started with a small amount, then put in a good chunk of my savings, around 8,000 euros, because things were looking good. My account manager was always pushing me to use higher leverage, saying that's how the pros make real money. So I did, I trusted him. Last week, I tried to log in and it just said 'account not found'. I emailed support, called the number – no answer. Finally, I got a generic email saying my account was closed due to 'excessive over-leveraging' and 'violation of risk parameters.' They basically just deleted my account with my funds still in it. This feels like a total scam. What are my options? I'm in Waterford, Ireland. Is there anything I can do from here? I used a Revolut card for most of the deposits.