My unregulated broker, 'ProFX Markets', is demanding a 'platform maintenance fee' to release my profits. Scam?
Hi everyone, I'm feeling really stressed about this. I've been trading with a platform called 'ProFX Markets' for about six months now. Everything seemed fine, I even made some decent profits, like mid-four figures. When I tried to withdraw my money last week, they approved the request but then it just sat there, pending. Today, I got an email saying I need to pay a 'platform maintenance fee' of around 15% of my withdrawal amount before they can process it. They say it's because of upgrades to their trading infrastructure. This just feels really fishy to me. I'm in Ireland, and I'm pretty sure they're not regulated here or anywhere reputable. Has anyone else encountered this? Is this a standard thing or am I getting scammed? I really need this money back.
asked by Grace Murphy· 18d ago