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Can't withraw funds from a broker. Help!

vontogr (togr)
Mar 15 2016 at 08:17
4862 posts
Written in the stone
peaceforexarmy.com is good for doing research before choosing a broker.

mlawson71
Mar 18 2016 at 11:01
1487 posts
Or google them at the very least. Or check whether the local regulator has issued any warnings against them.

BreakOutPips (bopips)
Mar 18 2016 at 22:20
2 posts
iamgifted posted:
Please advice, because I don't know what to do with the broker I have.
I have trading account with www.stoxmarket.com
I have put there my funds in total of 3300USD and also received bonuss/credit in amount of 7500USD. I have been very successfull lately scalping DAX and my balance grew up to 14 000USD. Together with the credit my equity is around 21 000USD.
I want to withdraw the money, except the credit of 75000USD, but they don't let me. They say I have to trade certain volume to be able to withdraw the money.
There are 2100lots to trade till I meet the volume, thats pretty much and would take a long time.
Fact is, that Its really hard to do, because when I traded DAX successfully I had really low spread but now they changed it to 10 times higher. It's impossible to scalp.

Please support,
J

go to this website and file your case

https://www.forexpeacearmy.com/community/pages/traders-court/

a pip a day, keep the doc away
Milken1
Mar 20 2016 at 07:24
1 posts
PriceAction13
Jan 24 2017 at 15:36
58 posts
That’s the problem of market maker broker, they always suck trader’s money! By the way, I never used this trading platform but I seem, you need to contact with their support term again! If they are silent that means, you are not interested to complete this withdrawal! Then you may put consistent negative reviews about this broker with your evidence.

To change your trading result, just change your thinking.
plouiz
Jan 25 2017 at 07:56
1 posts
iamgifted posted:
Please advice, because I don't know what to do with the broker I have.
I have trading account with www.stoxmarket.com
I have put there my funds in total of 3300USD and also received bonuss/credit in amount of 7500USD. I have been very successfull lately scalping DAX and my balance grew up to 14 000USD. Together with the credit my equity is around 21 000USD.
I want to withdraw the money, except the credit of 75000USD, but they don't let me. They say I have to trade certain volume to be able to withdraw the money.
There are 2100lots to trade till I meet the volume, thats pretty much and would take a long time.
Fact is, that Its really hard to do, because when I traded DAX successfully I had really low spread but now they changed it to 10 times higher. It's impossible to scalp.

Please support,
J


You should be using Exness, they said, is good, easy to withdraw funds

Baldo (BaldoN)
Jan 25 2017 at 10:36
522 posts
Try to withdrawal your initial deposit at least. Then try to reach their requirement with the profit and credit they added to your account. This is new MM broker if I am not mistaken and their aim is you to loose all your money (what they gives to you as credit is just virtual for them).

jchan
Feb 02 2017 at 11:12
15 posts
these kinds of broker really try to suck others blood. NEVER OPEN AN ACCOUNT WITH market maker, because fundamentally you are gambling with the broker, they don't send your order to the market, if you win, they lose. What kind of investment platform it is?? Why the government allow such loopholes and let many many trader/invester suffer? Try larger broker, research on DMA (direct market access) brokerage, research on user comments. BTW, you have a tiny bit of responsibility as well; why would you accept an 'account type' that will inject 7500USD bonus to you while your fund is only 3300USD, who in the world will give you 200%+ profit upfront and let you draw all the money? Sighhhhhhhh

jchan
Feb 02 2017 at 11:15
15 posts
I don't want to advertise, but there're one or two DMA I have account with and upload/withdraw funds are done in 24~48 hours, don't see much price slippage as well. PM me if you need it in the future.

jchan
Feb 02 2017 at 11:26
15 posts
talk to your brokerage to refund your 3300USD, forget about the profit or bonus. If they don't want to deal with you, start your action plan of publicizing the incident in EVERY leading web media such as facebook, twitter, fxstreet, and all investment related platform/blog; be careful and tactful (knowing it is you who missed reading the tiny text of 'conditions' in the T&A) to stay only how the tiny text tide you down with ALL the money...etc. etc. File a weekly report of how much you have done and cc the report to: their CEO, Investment Relations VP, financial authority in your country, consumer benefits/fair governing parties...etc., etc. do as much as you can.

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