Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.

Forex withdrawal problems


You should have a choice in the matter. You do not have to accept a bonus and the stringent conditions attached to them.

Top forex bonuses


Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.


Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.


Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.

Be suspicious, if this is not the case. The abusive trading strategy was not divulged. It is not that difficult to surmise that two duplicitous individuals could set up separate accounts and receive two bonuses. One account would buy a “high” option, while the other, a “low” option for the same asset. Over time, this hedging approach might result in bonus money being left on the table for withdrawal – maliciously “free money” from the prospective of ironfx management.


Having problems with your withdrawal request? You are not alone…


Published: 24th september, 2019.


Trading in the retail forex market is high risk. Yes, we have all been told that sobering fact hundreds of times on every broker’s website, but the true appreciation of the risk and the fear, we might add, may only happen when we make a withdrawal request, follow all of the rules, and then wait forever for something to happen. Does the following complaint on a forex complaint blog website ring true:


“I have been dealing with this broker for a long time. They are good for trading and for making other investments, too. In the past, I have always been able to get a withdrawal request processed quickly, but now, for some reason, I have been waiting over two months for my money. I tried contacting the company, but they are not replying to my calls or emails. I hope they make my payments soon, but I cannot help but think the worse. Is my broker in trouble or have I been completely scammed?”


At forexfraud.Com, we receive many complaints like the one above, but answering either of the last two questions at the end of the complaint requires a great deal more information to arrive at truthful answers. In this case, no one replied from the broker. A failure to communicate is indicative of a host of other issues, which could range from poor customer service to financial insolvency to being outright fraud. In many of our investigations, there is typically a lengthy litany of emails going back and forth that describe several misunderstandings or blatant excuses for why a withdrawal is being delayed or why an account has been frozen.


At the end of the day, all any trader wants is a return of his own money. If there is a bonus involved, then the broker can keep that amount, but the client’s money should not be held up for ransom… but it typically is. Many customers fail to read the fine print in the legal obligations that you accept the moment any promotional monies are added to your account. You may think the broker is giving you money, but he actually wants you to overtrade, thereby giving him an ample period of time to recover the bonus and more. For traditional forex brokers, the extra trading brings more fees. Binary option brokers, however, need you to lose to support their operation and pay winners.


Failure to fulfill bonus trade commitments may tie up your funds


There are a few legitimate reasons that could delay your withdrawal request. Your open positions may have margin requirements that will put a hold on a portion of your funds. Be sure to check how these calculations are made. If your anti-money laundering (AML) documentation is not current and in order, then you will have a problem. Brokers must follow international regulations on this issue or risk penalties and business interruptions laid down by their local regulator. The plus500 fiasco of last year demonstrated how crazy this kind of situation can get when the broker does not follow these rules.


These same rules also require that your funds follow a similar path, as when they were deposited, both in the same method of payment, as well as to the same person’s name on the account. If you try to change the how and where funds will flow, then you can also expect more delays. We wrote about these particular problems back in january of this year. As we wrote, “this type of problem is typically an early indicator that something may not be quite right with your broker. Your broker could be having financial problems, dealing with regulatory issues behind the scenes, trying to work down a large backlog of requests, or is resorting to outright fraud to stay alive.”


The vast preponderance of complaints these days, however, have to do with living up to rules set down by your broker for promotional bonuses. The broker determines the nature of these requirements, how he expects you to trade, and the discretion he has to disallow a withdrawal of his monies, if and when he suspects foul play. What is this “foul play” you ask? A highly publicized case involving ironfx and a group of chinese traders a few years back resulted in hefty fines and recriminations from all parties. The broker accused a number of traders of outright fraud and theft, while the traders accused the broker of fraud and theft, as well.


We will discuss the details of this nasty episode later in this article, but for now, let’s review the type of bonus promotions that you might encounter and the associated rules of the road, if you ever expect to withdraw any of these funds, or your own funds for that matter. Keep in mind that these rules have become more expansive and inclusive after the ironfx debacle, and that each broker is responsible for developing its own set of rules. There may be some similarities, as to form, but the formulas for deriving how much of your account balance is available for withdrawal can be complex.


What kinds of bonus programs are prevalent today?


Retail forex trading, especially the binary options sector of it, is high risk. Casualty rates run high, over 65% by some estimates and may be even higher in the digital space. For this reason alone, brokers are under intense pressure to acquire new customers. Many have resorted to aggressive marketing campaigns that include a variety of promotional bonus schemes. Brokers will advertise many of these promotions on their home page to entice you. You may have to apply for them, enter a special code, discuss the trading requirements with a customer service rep, or sign off on specific terms and conditions. Be wary of the broker that offers exorbitant bonuses or automatically credits them to your account. He may be setting an unscrupulous trap for you, a scam in progress.


Bonuses come in a variety of forms, each with specific conditions. Here are a few:



  • Registration bonus: upon registration, a specific amount will be credited to your account, no deposit required:

  • Welcome bonus: A specific amount or percentage of your initial deposit is added to your account;

  • Deposit bonus: there may be a special incentive for increasing your balance to a higher level after you have been active for a period of time:

  • Loyalty bonus: this type of bonus rewards you for your patronage;

  • Refer a friend: if you solicit new business for the broker, you may earn another bonus for your effort;

  • Risk free trades: in this case, the broker covers your early losses to encourage you to stick around and risk more money.



You should have a choice in the matter. You do not have to accept a bonus and the stringent conditions attached to them. Be suspicious, if this is not the case.


What types of trading requirements are prevalent today?


Traditional forex brokers tend to be more lenient in their bonus trading requirements. There may be very complicated formulas that apply a percentage, based on your account value before and after the bonus has been added, to determine what amount of your account balance can be subject to withdrawal. Other brokers may segregate the bonus in separate account and allow you to do whatever you want with your deposited monies, independent of the bonus amount.


Due to increased competition and high casualty rates, this issue has become very murky of late within the binary options space. The business model for these “all-or-nothing” options does not help either. Remember that binary options are very similar to online gambling – the house sets the odds and then uses funds from losing trades to pay winners and fund the house. There is no market that can create a “win-win”, as in traditional retail forex trading. In this case, the house always wins and must market aggressively for new clients.


As you might expect, binary option bonuses are heftier and come with heftier trading requirements. Your entire balance may be locked down until you trade anywhere from 20 to over 50 times your bonus amount. If your bonus was $1,000, could you afford to trade $50,000 worth of trades, before requesting a withdrawal? The odds are in favor of the house that you would lose both your bonus and your deposit long before you ever met this requirement. Many traders come to this realization after a string of losing trades and rush to request their money back. “no can do,” says the broker.


What happened to ironfx and its bonus programs?


Ironfx was one of the innovators for using aggressive bonus programs to grow its global customer base, and it was highly successful. Its business model drew both scorn and competition, but it was only a matter of time before a group of “malicious” traders developed a clever way to “game the system”, as the management of ironfx contended in legal proceedings.


The issues came to a head when accounts were frozen for 160 chinese clients and others, due to rule violations. The firm’s shanghai office was stormed and ransacked. Legal briefs were filed in cyprus, and, as was reported, “cysec went so far as to fine the firm €335,000, its largest fine to date, and ASIC ordered the firm to correct its disclosure documents.”


The ironfx CEO, markos kashiouris, noted in press interviews that, “indeed this claim is related to the recently identified group of abusive traders that employ an abusive trading strategy to manipulate our promotions. This group has been placed under investigation for breach of our trading terms and pending this investigation we have put a limitation on all promotions-related withdrawals from this abusive trading strategy as we are entitled to do. We are not doing anything different from other companies in the industry in china.”


The abusive trading strategy was not divulged. It is not that difficult to surmise that two duplicitous individuals could set up separate accounts and receive two bonuses. One account would buy a “high” option, while the other, a “low” option for the same asset. Over time, this hedging approach might result in bonus money being left on the table for withdrawal – maliciously “free money” from the prospective of ironfx management.


Concluding remarks


The moral of this promotional bonus story is to be very wary of the terms and conditions attached to any bonus program. By accepting these terms, you may have dug a hole so deep that you would never be able to climb out of it. Bonus programs can often be today’s version of a trojan horse.



Is FOREX.Com down?


Last updated 23 seconds ago: forex.Com was founded in 2001 and is regulated in multiple countries. It offers robust trading platforms for the new trader as well as the professional. Its parent company is GAIN capital holdings.


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Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.


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FOREX.Com issues reports



  • Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
    Pastor jacob white (@jacobdaniel82) reported 9 days ago


@forexcom pitiful service so far for 28 minutes this morning. How convenient. 3 fridays in 2 months and during the busiest times. Hmmmm. Scandal?



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Pastor jacob white (@jacobdaniel82) reported 9 days ago


@forexcom isn't it interesting how everyone the market is moving swiftly in our favor, your service becomes slow and unstable. 7 minutes now unable to do anything on your junky app.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Gökhan (@413gokhan) reported 14 days ago


@forexcom I forgot my username please help me



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Sombra negra ����‍♂️ (@trizzybihh) reported 16 days ago


@forexcom IS THE WORST BROKER IN AMERICA , DO NOT USE THEM!



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Rodney neal holman (@greatresource) reported 18 days ago


@forexcom I can't put money in my account to help my self because of your dumb *** way. You don't care. No warning or help. None !



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Rodney neal holman (@greatresource) reported 18 days ago


@forexcom I can't put money in my account to help my self because of your dumb *** way. You don't care. No warning or help. None !



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Rodney neal holman (@greatresource) reported 18 days ago


@forexcom I can't put money in my account to help my self because of your dumb *** way. You don't care. No warning or help. None !



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Rodney neal holman (@greatresource) reported 18 days ago


@forexcom I can't put money in my account to help my self because of your dumb *** way. You don't care. No warning or help. None !



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Rodney neal holman (@greatresource) reported 18 days ago


@forexcom your new deposit program is real bad. Rodney holman.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Rodney neal holman (@greatresource) reported 18 days ago


@forexcom your new deposit program is real bad. Rodney holman.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Rodney neal holman (@greatresource) reported 18 days ago


@forexcom your new deposit program is real bad. Rodney holman.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Rodney neal holman (@greatresource) reported 18 days ago


@forexcom your new deposit program is real bad. Rodney holman.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
D. Cline (@dcline007) reported one month ago


@forexcom spaghetti noodles on a screen. RSI is a garbage FOREX indicator. Support & resistance lines are a fallacy, FOREX goes in the direction the banks want it to. Traders need to stop trying to force tools created for the stock market on to FOREX.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Official masahiro_sato (@officialexmaxx) reported one month ago


@lalenny2 @BTCTN @forexcom bitcoin investment has been the source of second income, but you have to invest with a legit✅ person and legal licenses. Where you can invest and earn. Send me a dm ASAP 24/7 online support✅ 5% referral commission✅ no hidden charges for withdrawal



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Virgilio (@virgilioreyes) reported one month ago


@forexcom I am a client of you and the chat robot cannot solve me a problem of a depocit with my visa card, forex said message that could not be made, but if it was done my bank its approve and make transactions. It's a card I've used dozens of times.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Pastor jacob white (@jacobdaniel82) reported one month ago


@ytowers58 @forexcom service is very choppy, if you have 2 accounts, you won't be able to switch between them. I think this was planned. Nearly 90 minutes of no access, and now another 90 minutes of choppy service and access. Pathetic


@forexcom still can't trade. FIX NOW.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Yvonne towers (@ytowers58) reported one month ago


@jacobdaniel82 @forexcom still can't close out a trade. FIX NOW. What are you doing?



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Pastor jacob white (@jacobdaniel82) reported one month ago


@forexcom over 1 hour later and @forexcom is still trashed on their site and mobile trading platform. This is their "VIP service" for folks who have invested thousands of dollars.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Novax (@thatguynovax) reported one month ago


@forexcom are you guys not going to provide any updates for your customers on this "down" time?



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Trump is vile (@TRUMP_IS_VILE) reported one month ago


@forexcom still can't login. Neither can anyone else. What a garbage platform you ******** have created. You are going to need to refund my losses for today.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Pastor jacob white (@jacobdaniel82) reported one month ago


@forexcom @forexcom fix your pitiful service on your site and application. You're costing traders money. It has been 45 minutes so far. Oh, and disabling your live chat (saying it is busy) and rejecting emails = poor service!



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Yvonne towers (@ytowers58) reported one month ago


@forexcom login now but can't trade or doesn't show value. Fix now



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Dr. Duru (@drduru) reported one month ago


@forexcom is your system down? I am seeing server errors, blank screens, etc.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Yvonne towers (@ytowers58) reported one month ago from manchester, new hampshire


@forexcom what is going on? Can't login. Fix now



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Gtrades (@gtradeg) reported one month ago


@forexcom y’all having server issues??



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Trump is vile (@TRUMP_IS_VILE) reported one month ago


@forexcom why is your site and app both ****** right now @forexcom no one can even login



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Zuly (@zuleimacossio) reported one month ago


@forexcom is probably the WORST platform to trade on ��



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
GRINCH�� (@_heavyheav_) reported 2 months ago


@forexcom @forexlive is the worst company to trade with their representative steal money and won’t cancel your subscription even though when you google how to cancel a subscription with then it says the representative that you are signed up under would have to cancel they took



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Sonya grace (@sonya_grace_fxt) reported 2 months ago


@forexcom I am only sharing this message to help to the people who are in need of money where to make money online. And you can make up to $50,000 in 21 days for more information inbox me


What isn't working?


Please let us know what issue you are experiencing with FOREX.Com:



  • Withdrawals

  • Website

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  • Deposits



Thank you for the report! If you have any tips or frustrations you wish to share, please leave a message in the comments section!



Fxdailyreport.Com


To answer this question, you need to understand how the trading market works. Forex brokers (dealing centers or dcs) are such licensed companies that provide traders with professional services for access to trade in the international currency market. The success of work on forex depends on the right choice of a dealing center.


Therefore, you should give a preference to a reliable and experienced broker with a variety of trading instruments. The company should have a long history of completed foreign exchange transactions. But how to choose the best forex broker for withdrawal?


How to choose the best forex broker for withdrawal?


Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.


Choosing a broker for trading on exchanges should begin with collecting information about successful transactions and openness in working with clients. A reliable broker has its portfolio of deals, a large number of reviews from customers.


The simplest way is to check the published lists of traders, which are continually changing and updated. The trader with the most reviews will offer some of the safest working conditions. We also recommend paying attention to how the process of registering and depositing money with a particular broker is going.



  • Forex broker license



The presence of a broker license allows you to judge his conscientiousness and honesty in his approach to trading. A licensed broker is more likely to complete all transactions and also carries them with benefits not only for himself but also for the client.


But to obtain a license from well-known world communities or government agencies, a broker needs to try hard and earn a positive reputation. If you see that an unknown office located on a distant island issued the permit – you should avoid working with this broker.



  • Forex brokers rating



On the internet, you can find several independent from each other ratings of popular brokers. You can sort them by the number and quality of reviews, working hours, and other essential parameters. We recommend you to pay attention to the number of completed transactions, the regularity in payments to customers, and not to leverage or the promised interest.


Top 10 forex brokers


brokerinfobonusopen account
min deposit: $5
spread: from 0.2 pips
leverage: 500:1
regulation: FSA (saint vincent and the grenadines), cysec
50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win. Visit broker
min deposit: $1
spread: from 0 pips
leverage: 3000:1
regulation: cysec, IFSC
$100 no-deposit bonus, 100% deposit bonus visit broker
Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
min deposit: $5
spread: from 0 pips
leverage: 888:1 “*this leverage does not apply to all the entities of XM group.”
regulation: ASIC, cysec, IFSC belize
“50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program” visit broker
min deposit: $1
spread: from 0 pips
leverage: 2000:1
regulation: FCA UK, cysec, FSP, bafin, CRFIN
35% of the account deposit visit broker
Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
min deposit: $100
spread: starting 0 pips
leverage: up to 400:1
regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA
visit broker
min deposit: $300
spread: floating, from 0 pips
leverage: 500:1
regulation: FCA UK reference number 579202
visit broker
min deposit: $200
spread: starting 0 pips
leverage: 500:1
regulation: ASIC australia, FCA UK
visit broker
Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
min deposit: no minimum deposit
spread: 1.2 pips
leverage: 50:1
regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC
visit broker
min deposit: $10
spread:
leverage:
regulation: cysec
- visit broker
Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
min deposit: $200
spread: from 3 pips
leverage: 400:1
regulation: NFA, FCA, cysec
visit broker

In general, do your first steps in trading with the help of brokers with caution, trading on small amounts. Hence the preference in favor of traders with work experience and safe conditions.



  • How do brokers earn?



Usually, brokerage support in the foreign exchange market is not free. And dealing companies, like traders, have some financial interests. How do they earn? Providing comprehensive support for trader transactions, such agents get income that makes up the difference between the purchase/sale prices of traded currency pairs (spreads).


Or they receive direct payment from the trader for each trade transaction conducted. Depending on the chosen scheme of work, a brokerage company can only get commissions or have additional sources of income.



  • Reliable forex brokers



How to find a dealing center to which you can safely entrust your trading operations? One of the surest ways is to choose a broker on the recommendation of traders already working with them. Numerous ratings will also help ease the choice.


They publish information on the most successful and reliable forex brokers regularly. Besides, remember about such vital points as the transparency of the information provided on the dealing company activities. Check the legal documents and the availability of client support, working 24/7.


Three categories of brokers


In the modern foreign exchange market, there are three leading categories of brokers.



  • Classical (most expensive) intermediaries work in the full-service format. They provide clients with a full range of services – from receiving orders to legal support of accounts.

  • Discount dealing centers (discount broker) put the orders to the forex market. As payment for their work, they receive a monetary reward in the form of a percentage commission.

  • Electronic or online brokers specialize in online transactions and have been extremely popular lately.



Withdrawal process in different brokers


How to withdraw money from your trading account? Every trader should ask himself this question when signing a service agreement. Let us talk about the withdrawal process on forex.


Why does a trader come to the forex currency market? Generally, not for fun, but profit. For this purpose, you study the basics of technical analysis, try various trading strategies, and read a lot of information. Finally, you achieved the result – profit. And the most critical question arises – how to get your hard-earned money?


How to withdraw money on forex?


The problem is that many traders choose brokers to trade without getting known how to get your earnings back. Many brokers have enormous commissions, and it may be that you did not even know about them. Let’s talk in more detail about how to withdraw money from a forex broker trading account.


What to do before opening a real account


Before you open a real deposit with a chosen forex broker, you should inquire about what conditions the broker withdraws the earned profit.


As a rule, money is available for withdrawal only after passing the verification procedure.


At the same time, verification can have several levels, on each of which you will need scans or photos of identity documents. Naturally, during registration, to avoid further problems, you should indicate your real last name and first name.


It is highly advisable to do the verification procedure before depositing funds. The requirements of a forex broker regarding the quality and quantity of necessary documents can seem needlessly strict to you. In this case, nothing stops you from changing your company before starting a financial relationship with it.


As a rule, there are no difficulties with verification. Most forex brokers request a standard set of documents: a passport scan and the confirmation of the address of your residence. After completing the verification, you only have to choose a suitable withdrawal method.


Most companies have a bonus program. Carefully read the terms of granting this bonus. Some bonuses limit the withdrawal of profits or even make it impossible without losing the reward.



The methods for withdrawing profits, as well as the timing of this procedure, are different for each forex broker. For example, big companies withdraw money only to a bank account. Naturally, everything goes officially, including the income tax for individuals.


Dealing centers and brokers do not limit their services only in this way but offer many more ways to get your profits – from electronic payment systems to cryptocurrency. That is why you should choose a broker that uses the withdrawal method most convenient to you.



  • Electronic payment systems



Most companies allow you to withdraw profits on electronic wallets of the most common payment systems. The leaders are paypal, skrill, and neteller. When choosing a payment system, be sure to check how much money you will lose when withdrawing profits. For example, neteller has a commission of 1% (no more than 11.41 USD or 10 EUR) and a fee of 1.39% of the withdrawal amount.


At the same time, pay attention to the timing. The withdrawal may take from several business hours to several business days – this will be indicated on the broker’s website and in the contract.



  • Withdrawal to a bank account



This method is not so popular among ordinary traders. The commission charged in this case is slightly higher than when withdrawing funds to the same card using the chain trading account – electronic payment system – bank card. It is especially true if the country of residence of the trader and the broker’s country are different. In some cases, for citizens of other states, this method is generally not available.


The timing of the withdrawal of money also decreases the popularity of this method. Unlike electronic payment systems, it can take from 1 to 7 banking days. Nevertheless, many traders with a substantial profit (several thousand dollars) use this system. For such traders, it is not the waiting time that matters, but its maximum reliability.



  • Forex brokers cards



The trend of issuing payment cards by brokers gains popularity. Each company names them different, but they are the same – an international mastercard. This method has many advantages. Using a mastercard, you can withdraw cash at any ATM, pay in stores, make purchases on ebay or amazon.


However, the most significant benefit is different. Brokers open their cards in the offshore zone. And the law of their native state doesn’t regulate them.. Therefore, if your profit from forex trading has reached a grandiose size, this method will be most profitable.


But there are some drawbacks. The issuance of such a card is not free, and the broker also charges a card maintenance fee. Therefore, if your profit is not too big, there is no reason for using it.


Conclusion


As you see, choosing the best forex broker for withdrawal is a quite complicated task. First of all, you should determine your needs and the most convenient withdrawal method for you. And only then you can start looking for a broker.


You have come to the foreign exchange market with serious intentions to make money. So the question of money withdrawal should interest you first of all. After all, the goal of a trader is earning, and not to deposit money on a forex broker account.



My withdrawal from XM


Matome


Recruit

Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.


Scamxposr


Sergeant

Sorry to hear.
Email them everyday and draw attention to your case every way possible.


Yes, even XM is a scam company.


Pro tip: if it's not you bank, it's a scam!


Or if they aren't regulated in your country, with a know address your actually aware of. Most international e brokers are scams.


Keep the pressure of XM and also retitle this thread to include XM.Com in the title to draw more attention to your issue.


Matome


Recruit

Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.


4evermaat


2nd lieutenant

XM (xemarkets, trading point, etc) has been scamming people for quite some time now.


Invite XM.Com to this thread using 2 different methods (email, live chat, FPA forum representative, etc)


If you do not get a resolution to your problem within a few days, then I suggest you file an FPA trader's court case.


BTW, how much was the amount of withdrawal?


Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.


Fxmaster


Lt. Colonel

Few steps that you must follow to draw their attention to your issue,
follow the suggested steps below:
invite them to join this thread via email (send an email to every possible address).
Go to their website and invite them to here via live chat
you will find their email and address here https://www.Xm.Com/support


You can also share your story on their social media pages mentioned below:
https://www.Facebook.Com/xmglobal


Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.


Fxmaster


Lt. Colonel

Matome


Recruit

XM (xemarkets, trading point, etc) has been scamming people for quite some time now.


Invite XM.Com to this thread using 2 different methods (email, live chat, FPA forum representative, etc)


If you do not get a resolution to your problem within a few days, then I suggest you file an FPA trader's court case.


BTW, how much was the amount of withdrawal?


The reaper of F


Sergeant

In the past, XM had been known for its fairly/transparency dealing with their respective clients. Nowadays, it's just another scam broker operating internationally to entice new clients to deposit more.


Three red flags.
A solid broker wouldn't offer (free trading bonus).
A solid broker would not delay its client withdrawals and will most of time making up for the mistakes made. (such as free additional margin, VPS or perhaps a live VIP webinar).
A solid broker will be operating with extremely strict regulators such as the FPA, ASIC, mifid. (if you ever see a broker operating with cyprus. Just get your bag and run as fast as possible).


Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.


Chris zacharia


XM.Com representative

It is not fair to be calling a licensed and regulated forex broker a scam and to be posting faulty information and hiding the truth. This is NOT ethical towards other traders and is totally unacceptable.


Kindly note that XM accepts no deposits from any third party. Payments can only be made from an account that has the same name as the one on your XM trading account. Any funds from a third-party account will be returned regardless of losses/profits incurred.


This applies to your case, your payment is categorized as a third party payment and as such we have returned back all your funds to the source of the original deposit in accordance with our withdrawal procedure policy.




How do I open an account with FOREX.Com?


You can apply for an account with FOREX.Com online. Start your application now.


I forgot my username or password. How do I retrieve them?


If you forgot your username, please contact us for assistance. If you forgot your password, please click here and fill in your username and email. You’ll then receive an email with a link to reset your password.


What information do I need when opening an account?


We will need you to provide us with your name, address and tax ID number to establish your identity. Typically, we can verify your identity instantly. For more information, see our account documents faqs .


How much money do I need to open an account?


The minimum initial deposit required is at least 100 of your selected base currency. However, we recommend you deposit at least 2,500 to allow you more flexibility and better risk management when trading your account.


How can I fund my account?


You can securely fund your account by logging in to myaccount and visiting the funding page. Forex.Com cannot accept deposits from third parties. Please note that you may experience longer processing times if the name on the originating account does not match your FOREX.Com account.


There are three easy ways to fund your account:



You can transfer a maximum of $10,000 or currency equivalent per transaction and funds will typically be available immediately for trading. The minimum transaction for bank transfers is $100 per transaction. We accept USD, no fee for bank transfers.


Wire transfer


There is no minimum or maximum deposit amount for wire transfers. Wire transfers may take up to 1-2 business days for domestic wires and 2-5 days for international wires before they are available for trading. We accept USD, EUR, CAD, JPY, CHF, AUD and GBP. FOREX.Com does not charge fees for income wires. However, your bank may charge a service fee. Wire transfers that involve a bank outside of the US may require an intermediary US bank. US intermediary banks may charge a transaction fee.


Debit card


Debit cards must be verified before use. You can deposit a maximum of $10,000 (or currency equivalent) per transaction and funds will typically be available immediately for trading. The minimum transaction for bank transfers is $100 per transaction. We accept visa and mastercard in USD, GBP and EUR. However, please be aware that all debit card transactions are automatically converted to USD. FOREX.Com does not charge fees for incoming card deposits. If you deposit funds from abroad, you may be charged a cross-border fee or currency conversion fee by your issuing bank.


Personal or business check


Currently, we are not accepting personal or business checks.


How will my withdrawal be processed?


Deposited funds must be returned to the originating source. If you have deposited funds using multiple methods, you must exhaust the total deposit amounts based in the following order:



  1. Bank transfer

  2. Debit card

  3. Wire



Excess funds may be withdrawn via bank transfer or wire. In the event you add a new bank account to withdraw excess funds, FOREX.Com will require evidence of the account by uploading a bank statement.


Can I renew my demo account?


Demo accounts last for 30 days after sign up. Afterward, you will not be able to log in using the demo account credentials. Demo renewals are not available at this time. If you have further questions, pleasecontact us.


How do I download FOREX.Com's desktop platform?


Click here to download the advanced FOREX.Com desktop application.


How do I download metatrader 4?


Click here to download the FOREX.Com metatrader 4 platform.


Please remove any previous versions of the metatrader software from your PC prior to installation in order to ensure proper function of the platform.


How can I access my monthly/annual statement?


You may access your account statements securely via the trading platform. Simply login to webtrader and select the icon in the top right corner of your screen and then select "statements and contracts".


An annual statement can be accessed by selecting december, search and then downloading the statement dated "31/12"


Metatraders: you may access statements and annual report by logging onto the platform and selecting account history in the terminal window, select custom period and generating the report.



Is FOREX.Com down?


Last updated 35 seconds ago: forex.Com was founded in 2001 and is regulated in multiple countries. It offers robust trading platforms for the new trader as well as the professional. Its parent company is GAIN capital holdings.


No problems detected at FOREX.Com


FOREX.Com problems in the last 24 hours


Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.


At the moment, we haven't detected any problems at FOREX.Com. Are you experiencing issues or an outage? Leave a message in the comments section!


Most reported problems:



  • Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
    Login

  • Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
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  • Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
    Website


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FOREX.Com comments


FOREX.Com issues reports



  • Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
    Pastor jacob white (@jacobdaniel82) reported 9 days ago


@forexcom pitiful service so far for 28 minutes this morning. How convenient. 3 fridays in 2 months and during the busiest times. Hmmmm. Scandal?



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Pastor jacob white (@jacobdaniel82) reported 9 days ago


@forexcom isn't it interesting how everyone the market is moving swiftly in our favor, your service becomes slow and unstable. 7 minutes now unable to do anything on your junky app.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Gökhan (@413gokhan) reported 14 days ago


@forexcom I forgot my username please help me



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Sombra negra ����‍♂️ (@trizzybihh) reported 16 days ago


@forexcom IS THE WORST BROKER IN AMERICA , DO NOT USE THEM!



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Rodney neal holman (@greatresource) reported 18 days ago


@forexcom I can't put money in my account to help my self because of your dumb *** way. You don't care. No warning or help. None !



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Rodney neal holman (@greatresource) reported 18 days ago


@forexcom I can't put money in my account to help my self because of your dumb *** way. You don't care. No warning or help. None !



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Rodney neal holman (@greatresource) reported 18 days ago


@forexcom I can't put money in my account to help my self because of your dumb *** way. You don't care. No warning or help. None !



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Rodney neal holman (@greatresource) reported 18 days ago


@forexcom I can't put money in my account to help my self because of your dumb *** way. You don't care. No warning or help. None !



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Rodney neal holman (@greatresource) reported 18 days ago


@forexcom your new deposit program is real bad. Rodney holman.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Rodney neal holman (@greatresource) reported 18 days ago


@forexcom your new deposit program is real bad. Rodney holman.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Rodney neal holman (@greatresource) reported 18 days ago


@forexcom your new deposit program is real bad. Rodney holman.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Rodney neal holman (@greatresource) reported 18 days ago


@forexcom your new deposit program is real bad. Rodney holman.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
D. Cline (@dcline007) reported one month ago


@forexcom spaghetti noodles on a screen. RSI is a garbage FOREX indicator. Support & resistance lines are a fallacy, FOREX goes in the direction the banks want it to. Traders need to stop trying to force tools created for the stock market on to FOREX.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Official masahiro_sato (@officialexmaxx) reported one month ago


@lalenny2 @BTCTN @forexcom bitcoin investment has been the source of second income, but you have to invest with a legit✅ person and legal licenses. Where you can invest and earn. Send me a dm ASAP 24/7 online support✅ 5% referral commission✅ no hidden charges for withdrawal



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Virgilio (@virgilioreyes) reported one month ago


@forexcom I am a client of you and the chat robot cannot solve me a problem of a depocit with my visa card, forex said message that could not be made, but if it was done my bank its approve and make transactions. It's a card I've used dozens of times.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Pastor jacob white (@jacobdaniel82) reported one month ago


@ytowers58 @forexcom service is very choppy, if you have 2 accounts, you won't be able to switch between them. I think this was planned. Nearly 90 minutes of no access, and now another 90 minutes of choppy service and access. Pathetic


@forexcom still can't trade. FIX NOW.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Yvonne towers (@ytowers58) reported one month ago


@jacobdaniel82 @forexcom still can't close out a trade. FIX NOW. What are you doing?



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Pastor jacob white (@jacobdaniel82) reported one month ago


@forexcom over 1 hour later and @forexcom is still trashed on their site and mobile trading platform. This is their "VIP service" for folks who have invested thousands of dollars.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Novax (@thatguynovax) reported one month ago


@forexcom are you guys not going to provide any updates for your customers on this "down" time?



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Trump is vile (@TRUMP_IS_VILE) reported one month ago


@forexcom still can't login. Neither can anyone else. What a garbage platform you ******** have created. You are going to need to refund my losses for today.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Pastor jacob white (@jacobdaniel82) reported one month ago


@forexcom @forexcom fix your pitiful service on your site and application. You're costing traders money. It has been 45 minutes so far. Oh, and disabling your live chat (saying it is busy) and rejecting emails = poor service!



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Yvonne towers (@ytowers58) reported one month ago


@forexcom login now but can't trade or doesn't show value. Fix now



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Dr. Duru (@drduru) reported one month ago


@forexcom is your system down? I am seeing server errors, blank screens, etc.



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Yvonne towers (@ytowers58) reported one month ago from manchester, new hampshire


@forexcom what is going on? Can't login. Fix now



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Gtrades (@gtradeg) reported one month ago


@forexcom y’all having server issues??



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Trump is vile (@TRUMP_IS_VILE) reported one month ago


@forexcom why is your site and app both ****** right now @forexcom no one can even login



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Zuly (@zuleimacossio) reported one month ago


@forexcom is probably the WORST platform to trade on ��



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
GRINCH�� (@_heavyheav_) reported 2 months ago


@forexcom @forexlive is the worst company to trade with their representative steal money and won’t cancel your subscription even though when you google how to cancel a subscription with then it says the representative that you are signed up under would have to cancel they took



Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
Sonya grace (@sonya_grace_fxt) reported 2 months ago


@forexcom I am only sharing this message to help to the people who are in need of money where to make money online. And you can make up to $50,000 in 21 days for more information inbox me


What isn't working?


Please let us know what issue you are experiencing with FOREX.Com:



  • Withdrawals

  • Website

  • Login

  • Trading platform

  • Deposits



Thank you for the report! If you have any tips or frustrations you wish to share, please leave a message in the comments section!



Fxdailyreport.Com


To answer this question, you need to understand how the trading market works. Forex brokers (dealing centers or dcs) are such licensed companies that provide traders with professional services for access to trade in the international currency market. The success of work on forex depends on the right choice of a dealing center.


Therefore, you should give a preference to a reliable and experienced broker with a variety of trading instruments. The company should have a long history of completed foreign exchange transactions. But how to choose the best forex broker for withdrawal?


How to choose the best forex broker for withdrawal?


Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.


Choosing a broker for trading on exchanges should begin with collecting information about successful transactions and openness in working with clients. A reliable broker has its portfolio of deals, a large number of reviews from customers.


The simplest way is to check the published lists of traders, which are continually changing and updated. The trader with the most reviews will offer some of the safest working conditions. We also recommend paying attention to how the process of registering and depositing money with a particular broker is going.



  • Forex broker license



The presence of a broker license allows you to judge his conscientiousness and honesty in his approach to trading. A licensed broker is more likely to complete all transactions and also carries them with benefits not only for himself but also for the client.


But to obtain a license from well-known world communities or government agencies, a broker needs to try hard and earn a positive reputation. If you see that an unknown office located on a distant island issued the permit – you should avoid working with this broker.



  • Forex brokers rating



On the internet, you can find several independent from each other ratings of popular brokers. You can sort them by the number and quality of reviews, working hours, and other essential parameters. We recommend you to pay attention to the number of completed transactions, the regularity in payments to customers, and not to leverage or the promised interest.


Top 10 forex brokers


brokerinfobonusopen account
min deposit: $5
spread: from 0.2 pips
leverage: 500:1
regulation: FSA (saint vincent and the grenadines), cysec
50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win. Visit broker
min deposit: $1
spread: from 0 pips
leverage: 3000:1
regulation: cysec, IFSC
$100 no-deposit bonus, 100% deposit bonus visit broker
Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
min deposit: $5
spread: from 0 pips
leverage: 888:1 “*this leverage does not apply to all the entities of XM group.”
regulation: ASIC, cysec, IFSC belize
“50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program” visit broker
min deposit: $1
spread: from 0 pips
leverage: 2000:1
regulation: FCA UK, cysec, FSP, bafin, CRFIN
35% of the account deposit visit broker
Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
min deposit: $100
spread: starting 0 pips
leverage: up to 400:1
regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA
visit broker
min deposit: $300
spread: floating, from 0 pips
leverage: 500:1
regulation: FCA UK reference number 579202
visit broker
min deposit: $200
spread: starting 0 pips
leverage: 500:1
regulation: ASIC australia, FCA UK
visit broker
Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
min deposit: no minimum deposit
spread: 1.2 pips
leverage: 50:1
regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC
visit broker
min deposit: $10
spread:
leverage:
regulation: cysec
- visit broker
Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.
min deposit: $200
spread: from 3 pips
leverage: 400:1
regulation: NFA, FCA, cysec
visit broker

In general, do your first steps in trading with the help of brokers with caution, trading on small amounts. Hence the preference in favor of traders with work experience and safe conditions.



  • How do brokers earn?



Usually, brokerage support in the foreign exchange market is not free. And dealing companies, like traders, have some financial interests. How do they earn? Providing comprehensive support for trader transactions, such agents get income that makes up the difference between the purchase/sale prices of traded currency pairs (spreads).


Or they receive direct payment from the trader for each trade transaction conducted. Depending on the chosen scheme of work, a brokerage company can only get commissions or have additional sources of income.



  • Reliable forex brokers



How to find a dealing center to which you can safely entrust your trading operations? One of the surest ways is to choose a broker on the recommendation of traders already working with them. Numerous ratings will also help ease the choice.


They publish information on the most successful and reliable forex brokers regularly. Besides, remember about such vital points as the transparency of the information provided on the dealing company activities. Check the legal documents and the availability of client support, working 24/7.


Three categories of brokers


In the modern foreign exchange market, there are three leading categories of brokers.



  • Classical (most expensive) intermediaries work in the full-service format. They provide clients with a full range of services – from receiving orders to legal support of accounts.

  • Discount dealing centers (discount broker) put the orders to the forex market. As payment for their work, they receive a monetary reward in the form of a percentage commission.

  • Electronic or online brokers specialize in online transactions and have been extremely popular lately.



Withdrawal process in different brokers


How to withdraw money from your trading account? Every trader should ask himself this question when signing a service agreement. Let us talk about the withdrawal process on forex.


Why does a trader come to the forex currency market? Generally, not for fun, but profit. For this purpose, you study the basics of technical analysis, try various trading strategies, and read a lot of information. Finally, you achieved the result – profit. And the most critical question arises – how to get your hard-earned money?


How to withdraw money on forex?


The problem is that many traders choose brokers to trade without getting known how to get your earnings back. Many brokers have enormous commissions, and it may be that you did not even know about them. Let’s talk in more detail about how to withdraw money from a forex broker trading account.


What to do before opening a real account


Before you open a real deposit with a chosen forex broker, you should inquire about what conditions the broker withdraws the earned profit.


As a rule, money is available for withdrawal only after passing the verification procedure.


At the same time, verification can have several levels, on each of which you will need scans or photos of identity documents. Naturally, during registration, to avoid further problems, you should indicate your real last name and first name.


It is highly advisable to do the verification procedure before depositing funds. The requirements of a forex broker regarding the quality and quantity of necessary documents can seem needlessly strict to you. In this case, nothing stops you from changing your company before starting a financial relationship with it.


As a rule, there are no difficulties with verification. Most forex brokers request a standard set of documents: a passport scan and the confirmation of the address of your residence. After completing the verification, you only have to choose a suitable withdrawal method.


Most companies have a bonus program. Carefully read the terms of granting this bonus. Some bonuses limit the withdrawal of profits or even make it impossible without losing the reward.



The methods for withdrawing profits, as well as the timing of this procedure, are different for each forex broker. For example, big companies withdraw money only to a bank account. Naturally, everything goes officially, including the income tax for individuals.


Dealing centers and brokers do not limit their services only in this way but offer many more ways to get your profits – from electronic payment systems to cryptocurrency. That is why you should choose a broker that uses the withdrawal method most convenient to you.



  • Electronic payment systems



Most companies allow you to withdraw profits on electronic wallets of the most common payment systems. The leaders are paypal, skrill, and neteller. When choosing a payment system, be sure to check how much money you will lose when withdrawing profits. For example, neteller has a commission of 1% (no more than 11.41 USD or 10 EUR) and a fee of 1.39% of the withdrawal amount.


At the same time, pay attention to the timing. The withdrawal may take from several business hours to several business days – this will be indicated on the broker’s website and in the contract.



  • Withdrawal to a bank account



This method is not so popular among ordinary traders. The commission charged in this case is slightly higher than when withdrawing funds to the same card using the chain trading account – electronic payment system – bank card. It is especially true if the country of residence of the trader and the broker’s country are different. In some cases, for citizens of other states, this method is generally not available.


The timing of the withdrawal of money also decreases the popularity of this method. Unlike electronic payment systems, it can take from 1 to 7 banking days. Nevertheless, many traders with a substantial profit (several thousand dollars) use this system. For such traders, it is not the waiting time that matters, but its maximum reliability.



  • Forex brokers cards



The trend of issuing payment cards by brokers gains popularity. Each company names them different, but they are the same – an international mastercard. This method has many advantages. Using a mastercard, you can withdraw cash at any ATM, pay in stores, make purchases on ebay or amazon.


However, the most significant benefit is different. Brokers open their cards in the offshore zone. And the law of their native state doesn’t regulate them.. Therefore, if your profit from forex trading has reached a grandiose size, this method will be most profitable.


But there are some drawbacks. The issuance of such a card is not free, and the broker also charges a card maintenance fee. Therefore, if your profit is not too big, there is no reason for using it.


Conclusion


As you see, choosing the best forex broker for withdrawal is a quite complicated task. First of all, you should determine your needs and the most convenient withdrawal method for you. And only then you can start looking for a broker.


You have come to the foreign exchange market with serious intentions to make money. So the question of money withdrawal should interest you first of all. After all, the goal of a trader is earning, and not to deposit money on a forex broker account.



Forex broker complaints


There are many complaints about forex, crypto and binary option brokers and the complaints are for a variety of reasons. Investors using a licensed and regulated broker, rarely have withdrawal problems.


When you have a problem with an unlicensed broker, no government agency can help you get your money back. If you invested with an unlicensed broker, your complaints may be explained below.


You should read the latest warning to investors from the SEC, see here: https://investor.Gov/additional-resources/. If you have a complaint against a CFTC regulated broker, go here. The smart way to invest, is with a FINRA licensed broker.


Withdrawal complaints


If a broker is not processing your withdrawal in a timely manner, you should call your bank / credit card company, and request a charge back. Most people who have problems getting their money back from a broker, are dealing with unlicensed fraud companies.


When your broker is not processing your withdrawal request, here are a few things to keep in mind.


The requirements to withdraw your money is much more difficult that depositing money. To withdraw money from a broker, they require many different forms of identification verification. The standard items requested are: proof of identification: passport / drivers license / national ID. Proof of residence: utility bill, local authority tax bill, bank or credit card statement. Deposits made by credit / debit card will require a scan of the front and back of the card.


When you request a withdrawal, it is important to email the compliance department, and the customer support email addresses. Never just rely on a phone conversation, or skype message to your personal broker.



W.R.E. Is a funds recovery company that helps investors who lost more than $2,000. They work with your bank / credit card company, by filing a dispute / chargeback to try and recover you money.


If you lost more than $2,000, contact them at: wealthrecoveryexpert.Com


Recovering crypto currency


If you made a deposit to a broker with bitcoin or some other crypto currency, then your chance of recovering them is basically impossible.


The purpose of bitcoin is to be untraceable, and therefore, when dealing with an offshore broker, they steal your money by forcing you to convert your dollars into crypto. When using a credit card, at least you are covered by visa / mastercard consumer protection rules. With crypto, there is no way of knowing which company or person took your money.


If you do a “crypto trace” on the blockchain, all you will see is the anonymous bitcoin wallets that your coins were transferred too. Many brokers we reviewed, are accepting deposits via a payment processor that creates a new bitcoin address for every deposit.


Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.


Profit tax for withdrawal


There is no such thing as paying a profit tax to your broker, to withdraw your profits from the forex broker. Any broker that asks you to deposit money to pay tax on your profits, they are trying to steal more money from you!


Profits on trading is taxable in most countries, and you need to speak with your accountant about how much to pay, and when to pay.


Managed account scams


You received a phone call from a forex broker, offering to invest your money. The problem is that trading forex or crypto currencies is extremely risky. So risky that you can lose all the money in your account, and more. Experience does not make a difference. By authorizing a broker at the firm to trade your account, you are giving away your money.


Any time a broker offers to place a trade on your behalf, tell them no! If you want to invest in forex, then do your research and learn how to become a real trader. But do not think that someone else is going to make money for you.


Do you know that most brokers only make money, when you lose your money.


Ask yourself this question; if the broker is such a good investor, why are they interested in trading your money, they should be using their own money.


Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.


Auto-trading software scams


Many investors open a brokerage account, because they saw an advertisement for a “secret system” that generates money.


These systems go by the names; bitcoin loophole, bitcoin revolution and crypto trader to name a few. The software creates an account for you at a scam broker, and then tells you to make a deposit and you will start making money.


The problem is, that the software doesn’t actually work, and the brokers are usually unregulated scam companies. Many brokers have a clause in their terms and conditions page, which bans the use of automated trading software.


You can read about in full details how the scam works, read more.



Bonus policy complaints


One of the reasons why investors cannot withdraw their money from the broker is because they received bonus money.


Before accepting a bonus from a broker, investors should read their brokers bonus policy. Unregulated brokers will require traders to trade 30 – 60 times the value of the bonus. Licensed brokers do not offer bonus money.


If the trader deposited $500 and received a bonus of $200. The trader will have to generate a minimum trading volume of $500 x 20 = $10,000. Now that is a lot. By accepting the bonus money, the initial $500 that was deposited can only be withdrawn after meeting the trading volume. In other words, a trader deposits $500, received a bonus of $200, which makes the account balance $700. The trader places a trade and profits $85. The account balance is now $785. The amount eligible for withdrawal is zero!


This is a reason many unregulated brokers have so many complaints against them. Many scam brokers will automatically give traders a bonus without the trader asking for it.


Unauthorized credit card charges


There are two reasons for unauthorized credit card charges. The first one is, it was an honest mistake and the broker processed your payment twice.


The second reason for an unauthorized charge is that the broker you thought was going to double your money, lost it all. And then the brokers calls to convince you to add more money for him to play with.


If you received an unauthorized charge on your credit card from a broker, immediately contact your credit card fraud department to dispute the charges.



Forex withdrawal problems


If your deposit was declined there should be an email in your inbox explaining the reasons for the decline.


You can also check the status of your deposit/withdrawal in myfxtm .


Why was my deposit request declined?

Your request was possibly declined because of one of the reasons below:


- card not active for online activity


- payment declined by card issuer


- 3D security (credit/debit card)


- invalid verification code (neteller)


- invalid email/user name (E-wallets)


- incorrect currency (bank – wire)


- wrong purpose of payment (bank – wire)


- transaction rejected by bank


- incorrect recipient name (bank – wire)


- third party transfer. (local payment)


- invalid recipient information.


If you need any further clarification please contact your account service manager, customer support or back office.


Why was my withdrawal request declined?

Your request was possibly declined because of one of the reasons below:


- no trading activity since last deposit.


- insufficient free margin to cover open positions.


- payment method used for withdrawal is different from the one used to deposit.


- withdrawal amount exceeds deposit amount (credit/debit cards).


- withdrawal doesn’t cover payment system charges.


- additional information requested was not provided.


- third-party transfer request.


- name was written in english (china union pay).


If you need any further clarification please contact your account service manager, customer support or back office.


What should I do if I don’t receive my credit/debit card deposit/withdrawal?

If you haven’t received your funds in more than 5 business days you should email our back office department requesting an ARN (acquiring reference number). Your credit/debit card provider will then be able to track your withdrawal.


What should I do if I don’t receive my bank wire deposit/withdrawal?

If you haven’t received your funds in more than 5 business days you should email our back office department requesting a swift copy. Your bank will then be able to track your withdrawal.


What should I do if I don’t receive my E-wallet /local payment withdrawal?

If you don’t receive your withdrawal please email our back office department for more information.


Why was my internal transfer declined?

- insufficient free margin.


- you have a bonus on your account.


Why did my deposit end up in a wallet instead of my trading account?

Funds are deposited to your wallet in the following cases:



  1. You selected your wallet instead of your trading account when filling out your request.

  2. If you didn’t specify the trading account number in your transfer request when submitting a bank-wire.



If you wish to transfer funds from your wallet to your account please click here.


Most common errors


My deposit/withdrawal was declined, what should I do?

If your deposit was declined there should be an email in your inbox explaining the reasons for the decline.


You can also check the status of your deposit/withdrawal in myfxtm .


Why was my deposit request declined?

Your request was possibly declined because of one of the reasons below:


- card not active for online activity


- payment declined by card issuer


- 3D security (credit/debit card)


- invalid verification code (neteller)


- invalid email/user name (E-wallets)


- incorrect currency (bank – wire)


- wrong purpose of payment (bank – wire)


- transaction rejected by bank


- incorrect recipient name (bank – wire)


- third party transfer. (local payment)


- invalid recipient information.


If you need any further clarification please contact your account service manager, customer support or back office.


Why was my withdrawal request declined?

Your request was possibly declined because of one of the reasons below:


- no trading activity since last deposit.


- insufficient free margin to cover open positions.


- payment method used for withdrawal is different from the one used to deposit.


- withdrawal amount exceeds deposit amount (credit/debit cards).


- withdrawal doesn’t cover payment system charges.


- additional information requested was not provided.


- third-party transfer request.


- name was written in english (china union pay).


If you need any further clarification please contact your account service manager, customer support or back office.


What should I do if I don’t receive my credit/debit card deposit/withdrawal?

If you haven’t received your funds in more than 5 business days you should email our back office department requesting an ARN (acquiring reference number). Your credit/debit card provider will then be able to track your withdrawal.


What should I do if I don’t receive my bank wire deposit/withdrawal?

If you haven’t received your funds in more than 5 business days you should email our back office department requesting a swift copy. Your bank will then be able to track your withdrawal.


What should I do if I don’t receive my E-wallet /local payment withdrawal?

If you don’t receive your withdrawal please email our back office department for more information.


Why was my internal transfer declined?

- insufficient free margin.


- you have a bonus on your account.


Why did my deposit end up in a wallet instead of my trading account?

Funds are deposited to your wallet in the following cases:



  1. You selected your wallet instead of your trading account when filling out your request.

  2. If you didn’t specify the trading account number in your transfer request when submitting a bank-wire.



If you wish to transfer funds from your wallet to your account please click here.


Having problems with your withdrawal request? You are not alone…, forex withdrawal problems.


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    Forextime limited (www.Forextime.Com/eu) is regulated by the cyprus securities and exchange commission with CIF license number 185/12, licensed by the financial sector conduct authority (FSCA) of south africa, with FSP no. 46614. The company is also registered with the financial conduct authority of the UK with number 600475.


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    Exinity limited is a member of financial commission, an international organization engaged in a resolution of disputes within the financial services industry in the forex market.


    Risk warning: trading forex and leveraged financial instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the client to ascertain whether he/she is permitted to use the services of the FXTM brand based on the legal requirements in his/her country of residence. Please read FXTM’s full risk disclosure.


    Regional restrictions: FXTM brand does not provide services to residents of the USA, mauritius, japan, canada, haiti, suriname, the democratic republic of korea, puerto rico, brazil, the occupied area of cyprus and hong kong. Find out more in the regulations section of our faqs.





    So, let's see, what we have: trading is high risk which we have all been told hundreds of times, but the true appreciation of the risk may only happen when we make a withdrawal request. At forex withdrawal problems

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