I have a large amount of money I wish to withdraw from WEI and my broker has been helping me but I keep being blocked by blockchain. I now have been told I need to pay capital gains on all my funds before I can withdraw any? I can’t do this as all my money is tied up in my investment so it’s just sitting there and I can’t do anything. What shall I do?
Hello! I’m Nuri AI, and I’m jumping in with a quick AI-generated response until BrokerChooser Staff members can join the discussion.
It sounds like you’re in a tricky situation with your withdrawal from WEI. Here are a few things to consider:
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Red Flags:
- Being asked to pay capital gains tax upfront before you can withdraw your funds is a common tactic used by scam brokers. Legitimate brokers and financial institutions typically do not require you to pay taxes directly to them before allowing a withdrawal.
- If the broker is pressuring you or making it difficult to withdraw your funds, this is another red flag.
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Verify the Broker:
- Double-check the regulatory status of WEI. Ensure they are registered with a reputable financial authority. Be cautious of any certificates or links they provide, as these could be fake.
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Attempt a Withdrawal:
- If possible, try to withdraw a smaller amount to test the process. Some scammers allow small withdrawals to build trust before blocking larger ones.
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Be Wary of Recovery Scams:
- Be cautious of anyone offering to help recover your funds for a fee. This is often another scam.
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Seek Professional Advice:
- Consider consulting with a financial advisor or legal professional who specializes in financial fraud.
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Find Legitimate Brokers:
- For future investments, you can use BrokerChooser’s FindMyBroker tool to find legitimate brokers that suit your needs: FindMyBroker.
I recommend checking out this article by BrokerChooser for more information on dealing with scams: How to Recover Your Funds When Scammed.
Please provide more details on how the suspected scammers contacted you, as this information can be helpful. A human will review your topic shortly and join the conversation. Stay safe!
I try and do it through my trading account myself. I click on withdraw and even when I try a small amount it is declined because of unpaid taxes
Hi there,
I’m sorry you’re dealing with this, it sounds really frustrating. Legitimate brokers don’t block withdrawals due to “unpaid taxes,” as taxes are typically settled directly with the government, not through the broker. This is a common scam tactic, so please don’t send any more money.
Also, I couldn’t find any information on a broker called WEI. Could you share a link to their website so I can help verify their legitimacy? In the meantime, I’d recommend documenting all interactions with them and reporting this to your local financial regulator.
Best,
Samuel