Deposited into what I thought was a reputable binary options platform, now they want crazy 'tax fees' to withdraw?
Hey everyone, feeling really stupid right now. I got sucked into one of those online binary options platforms, it looked legit at first glance, like a lot of the trading apps my friends use. I put in about $3k, and honestly, through some beginner's luck or whatever, my 'account balance' soared. I thought I was a genius, seriously. Their 'account manager' was super encouraging, always pushing me to invest more, but I stuck with my initial deposit plus some small additions.
Now I want to withdraw, and *poof*, problems. They're asking for a 30% 'income tax' and some 'AML processing fee' before they'll even touch my withdrawal request. They're saying it's standard and required by their jurisdiction. This wasn't mentioned anywhere when I signed up. I'm in Canada, and my gains aren't even that huge yet. Is this normal? It feels like a massive red flag. Am I being scammed? Any advice on what to do next? I haven't paid them anything extra for these 'fees'.
asked by Ava Tremblay· 15d ago