My 'broker' EuroFX is asking for a 'liquidity provision fee' to release my crypto profits. Is this a new scam?
Hey everyone, I'm feeling really stressed out. I've been trading with EuroFX for about six months and actually, for the first time, turned a decent profit on some crypto trades. I tried to withdraw about 8,000 USD last week, and my account manager, 'Michael', told me it was all good, just a final step. But then yesterday, I got an email saying I need to pay a 'liquidity provision fee' of 1,200 USD before they can process the withdrawal. They said it's a standard regulatory requirement for large crypto withdrawals to ensure market stability, or something like that.
I've never heard of this before. My initial deposits were made via Wise, and one small one with crypto directly. Is this legit? Or am I about to lose even more money to a scam? I'm in Quebec City, and I'm really worried. Any advice would be appreciated. I'm afraid to pay, but also afraid of losing my profits if I don't.
asked by Emma Roy· 8d ago