Blocked withdrawal

Scam Broker Check 🛡️
1

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?

2

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:

  1. 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.

  2. 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.

  3. 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.

  4. Be Wary of Recovery Scams:

    • Be cautious of anyone offering to help recover your funds for a fee. This is often another scam.

  5. Seek Professional Advice:

    • Consider consulting with a financial advisor or legal professional who specializes in financial fraud.

  6. 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!

3

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