#tax-clearance
2 questions tagged with #tax-clearance
My 'broker' EuroFX is demanding a 'tax clearance certificate' to release my profits. Scam?
Hey everyone, feeling pretty desperate here. I've been trading forex with a platform called EuroFX for a few months, and honestly, things were looking really good. I'd put in about 15k USD over time, and my account balance was showing significant profits – like, nearly 30k total. I decided to try and withdraw a portion of it, maybe 5k, just to see if it worked. That was last week. Now, they're telling me I need to pay for a 'tax clearance certificate' from some 'international tax authority' before they can process *any* withdrawal. They sent me an official-looking document with a bunch of jargon, saying it's required for large international transfers and that I need to pay them directly for this certificate. It's a few thousand dollars. This sounds completely off to me. I've never heard of a broker asking for this. My friend, who trades with Capitec, said his broker never asked for anything like this. Is this a new regulation I somehow missed, or am I being completely scammed? I'm worried sick, all my savings are tied up.
My 'broker' is asking for a 'tax clearance certificate' to release my profits. Is this legit?
Hi everyone, I'm feeling really stressed out and honestly pretty stupid right now. I got into forex trading a few months ago after seeing an ad on social media. Everything seemed fine, I put in about 5k euros, and my 'account manager' was super helpful, showing me these amazing 'profits'. Now, I've tried to withdraw around 12k euros, which I thought was my profit plus my initial investment back. But suddenly, they're saying I need a 'tax clearance certificate' and have to pay a 'fee' for it, otherwise my funds are 'locked indefinitely'. I've never heard of this before. I asked them to just deduct it from my balance, but they said no, it has to be a separate payment. This feels off. I've already sent them copies of my ID and bank statements. I'm based in the Netherlands. Has anyone else encountered this? Is this a standard procedure, or am I being scammed again? Any advice on what to do next would be really appreciated. I really need that money back.