My 'broker' told me my account is 'under investigation' after a withdrawal request. Is this normal?
Hi everyone, I'm feeling sick to my stomach about this. I started trading with this online platform about six months ago, after seeing an ad. My initial investments were small, then I put in about 4k AUD which seemed to grow really fast. Like unbelievably fast. I've been trying to withdraw some of my 'profits' – just 1.5k AUD to test the waters – for the past week. First, they just ignored my requests. Now, I finally got an email saying my account is 'under investigation for suspicious trading activity' because of 'unusual profit fluctuations'. They said I can't withdraw anything until it's cleared, and implied it could take weeks, maybe even months. They didn't ask for any money directly yet, but it feels off. My partner thinks it's a scam. Is this a common tactic? What can I even do being in Australia?
asked by Isla Johnson· 9d ago