Unregulated broker FXChoice demanding a huge 'ID verification fee' to process withdrawal. Scam?
Okay so I'm completely freaking out right now. I put about 7,000 GBP into FXChoice over the last few months, trading some CFD stuff, and honestly, it looked like I was doing pretty well, account balance showed like 12k. I tried to withdraw some profit – only 2k to test it out – and they immediately blocked the withdrawal. Now they're saying I need to pay a 'mandatory identity verification fee' of 3,000 EUR to unlock my funds and process any withdrawal.
This feels super dodgy. I sent them all my ID when I signed up, utility bills, passport, everything. Why would they need *another* fee for verification, especially one that's so high? I'm in Cardiff, UK, and I'm just sick to my stomach thinking I've lost everything. Is this a common scam tactic? What should I do? Please help.
asked by Rachel Green· 5d ago