#withdrawal-fee
3 questions tagged with #withdrawal-fee
My 'broker' is asking for a 'withdrawal authorization fee' to release my crypto profits. Is this legit?
Hey everyone, I'm kinda freaking out here. I've been trading with this broker called EuroFX for a few months now, mostly crypto. I put in about 2k initially, and to my surprise, my account actually grew quite a bit, like low five figures. I was super excited, told my husband this might actually work out. But now, when I try to withdraw the profits, they're suddenly asking for a 'withdrawal authorization fee' – it's like 15% of my balance! They say it's for 'regulatory compliance' and to 'validate the funds for release'. I've never heard of such a thing. My legit bank in France, Crédit Agricole, never asks for a fee *before* a withdrawal. It feels really off, but they keep pressuring me saying if I don't pay it, my funds will be frozen indefinitely. I'm in Lille, France. What should I do? Is this normal for crypto brokers? Or am I being scammed?
My 'broker' FXChoice is asking for a 'profit verification fee' to release my crypto profits. Scam?
Okay, so I got lured into this crypto trading thing, seen some ads on social media about making quick cash. Put in about £2k initially, then another £3k when they said I was 'investing' in some hot new altcoin. My account with this 'FXChoice' broker actually shows like £15k profit now, which is wild right? But when I tried to withdraw, they're saying I need to pay a 'profit verification fee' of £1500 before they can release anything. They said it's for compliance and to prove the funds aren't from illicit activities. It seems really dodgy to me, like, why can't they just take it from my 'profits'? This is my life savings nearly. Is this a new scam tactic or is it legit? I'm in London, so thinking of reporting to FCA but not sure if they'd even help.
My unregulated broker, 'TradeVista Pro', says I need to pay a 'withdrawal clearance fee.' Is this normal?
I started trading forex like maybe three months ago, always wanted to try. Found this broker called 'TradeVista Pro' online, seemed okay, they had a decent-looking website and promised low spreads. Deposited about $3,500 using Wise. I made some decent profits, like my account shows nearly $7,000 now. So I tried to withdraw $2,000 last week. My account manager, 'Michael,' who's been super responsive till now, emailed me saying I need to pay a 'withdrawal clearance fee' of 10% of my withdrawal amount to 'process my funds through international banking regulations.' He said it's standard. I've never heard of this before, and it feels really off. He's been pushing me to pay it quickly. I don't want to lose my profits or, even worse, my initial deposit. Has anyone encountered this before? Is this a standard thing with brokers, especially unregulated ones? Or is this a red flag?