112
Reviews
Summary
The customer deposited $3,500 and successfully withdrew $100, but later withdrawal attempts were blocked. A $1,400 withdrawal was initially refused because withdrawals over $1,000 are supposedly processed only on Fridays; when attempting to withdraw on Friday the broker then said the account exceeded $5,000 and demanded enrollment in a VIP membership with an additional $3,000 deposit. The reviewer states no membership tiers or these withdrawal rules were disclosed at account opening, accuses the broker of inventing excuses to withhold about $12,500, and says they have chat evidence, calling the operation a scam.
Moazam
17.11.2020 | 17:36
I deposited $3.5k into the account to start trading. I made a withdrawal of $100 to see if the withdrawals works and all went well. Later on, I requested to withdraw $1400 which they said can not be processed as the withdrawals more than $1000 are processed only on Friday. On Friday once I tried to withdraw my funds, they said since your account exceeds more than $5000, so you need to apply for VIP membership which requires you to deposit $3000 first. There are no membership tiers mentioned while account opening and there is nothing system of Ordinary or VIP account. They just making excuses to seize the withdrawals of my $12.5k. A pure scam. All chat pieces of evidence are with me.