#withdrawal-issue
5 questions tagged with #withdrawal-issue
My 'broker' is demanding a 'risk premium insurance' to release my profits. Is this legit?
Okay, so I'm in a bit of a bind here and feeling pretty stupid tbh. I got into this crypto trading thing a few months back through an ad on social media. Everything seemed fine, I put in a bit of money, and then they showed me these 'profits'. Looked good on paper, like over 20k Euro. When I tried to withdraw, they suddenly hit me with this new requirement: a 'risk premium insurance' fee. They say it's to protect my funds during transfer because the amount is so large. They want about 10% of my 'profits' upfront before they'll process anything. I've already put in a few grand, and I'm really worried about losing it all. My gut says this is a scam, but what if it's not and I'm just missing out? Has anyone else encountered this 'risk premium insurance' demand from a broker? I'm in Nice, France, if that helps. What should I do?
My unregulated 'broker' is demanding a 'tax deposit' before I can withdraw my profits. Is this legit?
Hey everyone, I'm in a bit of a panic. I've been trading with this company I found online, let's call them 'Global Trade Pro' (not a real name, just for privacy), for about six months. Everything seemed fine, even made some decent profit — or so I thought. I decided to withdraw some of my earnings, about 12,000 euros, to pay for some home renovations. Now, they're telling me I need to pay a 'tax deposit' of 1,800 euros before they can process the withdrawal. They sent me some official-looking documents with seals and everything, claiming it's a new regulatory requirement for profits over a certain amount. They say it's fully refundable once the withdrawal clears. My gut is screaming scam, but my head is also thinking, what if it's real? I've already put in a good chunk of savings. I'm based in The Hague. Has anyone ever encountered anything like this with an unregulated broker?
My 'broker' FXTradeGlobe says I need to pay a 'VAT on profits' before I can withdraw. Is this legit?
Hi everyone, i'm really losing sleep over this. i've been trading with a platform called FXTradeGlobe for about 6 months now, mostly crypto CFDs. i put in about 2k GBP initially, and with what i thought was some good guidance from my 'account manager', my balance shows over 15k GBP. Now, i tried to withdraw 5k GBP to pay off some bills, and suddenly i'm being told i need to pay a 'VAT on profits' fee of nearly 3k GBP before they'll process any withdrawal. They're saying it's a government requirement and without it, my funds are locked. I've never heard of a broker charging VAT upfront like this, especially not on unrealized profits until they hit my bank. My account manager is being really pushy about it, saying i'll lose everything if i don't pay. Is this a common thing or am i being scammed? I'm in Glasgow, UK, btw. Any advice would be huge.
My 'broker', EuroFX, just froze my account after I asked to withdraw. What can I even do?
Hey everyone, feeling pretty sick to my stomach tbh. I've been trading with EuroFX for about six months now. Started small, then put in quite a bit, like low five figures. I saw some decent profits, nothing crazy, but consistent enough to trust them. Last week, I decided to take out about 10k to pay off some debt. I put in the withdrawal request, and it just... disappeared. Checked the next day, same thing. So I contacted my 'account manager' and suddenly they're saying my account is 'under review for suspicious activity' and they've frozen everything. Now they're asking for 'proof of source of funds' and even more documents than I gave when I opened the account. It feels like they're just stalling. Is this normal? Has anyone dealt with EuroFX or a similar situation? I'm in Singapore and really don't know who to turn to. Any advice on how to get my money out, or if it's already gone?
Crypto withdrawal stuck forever after 'KYC update' on a shady exchange – any hope of getting my funds back?
Feeling totally lost here. I'd been using this smaller crypto exchange, ZG.com, for a while, mostly just to move some smaller altcoins around that weren't on Kraken or Coinbase. Never big amounts, you know? Anyway, a few weeks ago I went to withdraw about half an ETH and a fair bit of USDT, and suddenly it's asking me for a 'KYC identity update.' I submitted all my docs again, front and back of ID, selfie, everything. That was two weeks ago. My withdrawals are still pending, and customer support just keeps giving me canned responses like 'processing,' or just straight up ghosting me now. I'm kicking myself for not just sticking to the big players. Is there *any* way to get my funds unstuck from a situation like this, or am i just out of luck? It's not a fortune, but it's not nothing either. Ugh.