#unregulated-brokers
4 questions tagged with #unregulated-brokers
My binary options broker is asking for a 'digital wallet security upgrade' fee to release my funds, what gives?
Hi everyone, I'm in a bit of a panic here. I've been trading binary options for a few months with this platform, it's called OptionStarsGlobal. I know, I know, should've checked more carefully, but I saw some good returns initially and got sucked in. I've been trying to withdraw some of my profits – not even all of it, just about £3,500 – and they keep stonewalling me. Now they're saying I need to pay a 'digital wallet security upgrade' fee of £800 before they can process *any* withdrawal. They're claiming it's for enhanced blockchain security and compliance, and that without it, my funds are 'at risk' and can't be moved. I'm in Nottingham, UK, and my partner is telling me it sounds super fishy. I've put in about £4k myself, so this £800 is a huge chunk. Has anyone else encountered this specific fee? Is this a new scam tactic? I'm worried if I pay it, they'll just come up with another excuse. Any advice on what to do next? I'm feeling really stupid right now.
My 'broker' FXChoice is demanding a 'regulatory compliance bond' to release my profits. Scam?
Hey everyone, I'm really freaking out here. I got into forex trading a few months ago after seeing an ad on social media. This guy, 'Michael', started chatting with me and recommended FXChoice. I put in about $3k, and he 'helped' me make some amazing trades. My account dashboard now shows like $25k profit, which is insane. But when I tried to withdraw, they said I needed to pay a 'regulatory compliance bond' of 15% of my profits, like $3,750, to prove I'm not doing anything illegal. They say it's a new rule for international withdrawals and it's fully refundable after 30 days. Michael is saying it's standard and I should just pay it to get my money. My gut feeling is screaming scam, but the profits look so real. Has anyone experienced this with FXChoice or any other broker? Is this a genuine thing, or am I about to lose even more money?
My 'broker' told me my account is 'frozen for suspicious activity' and wants a 'security unfreeze deposit'. What gives?
Right, so I've been with this broker, EuroFX, for about 6 months now. Started small, put in like 500 quid, and slowly, slowly, it built up to what looked like a decent profit. I thought, great, time to take a bit out, maybe 3 or 4k, just to see if it's real before I put more in. I asked for a withdrawal last week, and then nothing. Chased them up yesterday, and today I get an email saying my account is 'frozen due to suspicious activity' and that I need to pay a 'security unfreeze deposit' of about 15% of my balance to 'verify my identity' and 'lift the freeze'. It feels super dodgy, you know? Like, if they already have my ID, why do they need more money for verification? And why now, only when I want to withdraw? I didn't see anything about this in their terms. Has anyone else heard of this? Is this a standard thing or am I getting played?
My unregulated 'broker' EuroFX is demanding a 'platform migration fee' to release my profits. Scam?
Hey everyone, feeling pretty stupid right now. I got lured into this forex trading thing by some ad on Instagram, and it led me to a 'broker' called EuroFX. At first, everything seemed great. I put in about £2k, and watched my balance grow, supposedly. Then I tried to withdraw a small amount – maybe £500 – just to test the waters. They approved it, but then said I needed to pay a 'platform migration fee' of 15% of my balance before they could process the withdrawal. They're saying they're upgrading their whole system and need this fee to transfer my 'assets' over. This sounds totally fishy to me. Has anyone heard of this before? Is this even a real thing in forex trading? I'm worried I'm about to lose everything.