How to withdraw according to broker/forex trading

First Time Investing 🎓
1

Hi Nadam ,

I was preferred to the broker/ forex company but without much knowledge of it, my intention was to get a better financial situation but I have invested in the company and I have been trying to make a withdrawal and they asked me to pay for any reason they gave according the terms of forex trading but till the day of today I never received my profit? Can you help by giving me explanation, information or any I have to know ?

1 Like
2

Hey there,

Thank you for your message. There are a couple of things to consider here:

  • First of all, please make sure that you use a legit broker and not a scam broker that tries to deceive customers. Here are some guidelines on spotting forex trading scams: https://brokerchooser.com/forex/regulation/scams#how-to-recover-your-funds-when-scammed
  • Secondly, there is an AML rule at many brokers that you can’t withdraw more money to credit/debit cards or electronic wallets than the money you deposited. Therefore, if you would like to withdraw to cards or electronic wallets, you can’t withdraw profits.
  • Thirdly, you should be able withdraw any amount using bank transfers. If you would like to withdraw the full amount and profits, a bank transfer is what you should use.

If you have any further questions, please let me know.

Best wishes,
Andris

1 Like
3

Hi Andris ,

The third option is the withdrawal method I have chosen to withdraw my profits and the withdrawal was completed but they said that my money is hanging on the air and ended up in a demo account :thinking::thinking:so to release it I have to buy ETH of 2,020 or €2020 which is i don’t know sure about as I tried to ask the assistant support about it. Anyway It seems very unconvincing and illogical to me as I have been scammed in this way. What is your opinion on the reason and can you explain it to me based on your expert experience?
Thank you in advance
Meily

4

Hi Meily,

Unfortunately, your description of facing challenges while withdrawing your funds aligns well with typical scam patterns. It’s a common practice scam brokers ask you to pay a special tax/other payments in order to withdraw your funds.

First of all, please don’t send any more money to them. Withdrawal restrictions or excessive extra costs are suspicious.

Secondly, can you please send the link to their website? I’d take a look at this broker to confirm if it’s really a scam or not.

Kind regards,
Andris

5

Firstly, I’m sorry if I confused you with my 2 threads email which were actually both with the same broker site I started trading with and they charged me to withdraw money. Here by I sent you the site again

www.instantrapidtrade.com is the name of their site
I would like to get my money back which is I have invested in their business as I have sent report to the FBI to investigate the case because they are authorized to do that.
If you have any useful information or actions other than what you have suggested I would like to hear it, anyway I have all the proof I wrote to the FBI.

Looking forward for your response and thanks ,

Meily

6

Hi Meily,

As long as you have collected evidence and reported the fraud to local authorities unfortunately there’s not much you can do. As I mentioned before, the recovery of funds from scam brokers is always a complex procedure and chances of success are rather low. However, let’s hope for the best.

If you have any further questions please don’t hesitate to ask.

Kind regards,
Andris

7

Hi Andris,

Thanks for the information about this scam as the truth of the chance to get money back is zero. Please can you review www.instantrapidtrade.com to warning people about it?
Thanks

Meily

8

Hey Meily,

Thanks for sharing the URL of this scam broker. We’ll add it to our Scam Shield database to prevent others from being deceived.

Best wishes,
Andris