How can we get back funds from a broker?

Mar 08, 2020 at 13:10
2,105 Angesehen
29 Replies
JapaneseGroupFx
forex_trader_1153031
Mitglied seit Feb 28, 2020   77 Posts
Mar 08, 2020 at 13:10
Traded a account of a person through October to February 25, initial deposit 12k, withdrew only 18k jenuary, continued with 36k left after withdrawing 18k, built the 36k to over 165k by Feb.25, requested 100k withdrawal, broker refused to honour and terminated the account, with excuse account was opened with invalid id card.

How can we get our funds back? Access to account now completely terminated.
Mitglied seit Dec 25, 2019   20 Posts
Mar 29, 2020 at 12:43
Wow, you should start much more slowly, looks like he really waited out and then tried to really kick you out of the thing there. You need to contact the regulator about such case and never trust so high in future with any broker, if it's not regulated - then it's lost already.
JapaneseGroupFx
forex_trader_1153031
Mitglied seit Feb 28, 2020   77 Posts
Mar 29, 2020 at 12:51
Saithirana posted:
Wow, you should start much more slowly, looks like he really waited out and then tried to really kick you out of the thing there. You need to contact the regulator about such case and never trust so high in future with any broker, if it's not regulated - then it's lost already.

Thank you, the Pandemic have messed up things, me and client was planning to fly into Russia as broker is based there, several emails no response no more.
JapaneseGroupFx
forex_trader_1153031
Mitglied seit Feb 28, 2020   77 Posts
Apr 02, 2020 at 07:53
Well they finally replied e-mail and say they are giving attention to it, but I still don't have access to accounts
Mitglied seit Apr 02, 2020   39 Posts
Apr 08, 2020 at 11:01
I think they are toying with you, cause that is a lot of amount.
Mitglied seit Apr 08, 2020   7 Posts
Apr 08, 2020 at 11:29
They are just playing for time. Send them and email every day and call them as well. Threaten them with legal action
Mitglied seit Apr 29, 2018   37 Posts
Apr 08, 2020 at 12:43
JapaneseGroupFx posted:
Saithirana posted:
Wow, you should start much more slowly, looks like he really waited out and then tried to really kick you out of the thing there. You need to contact the regulator about such case and never trust so high in future with any broker, if it's not regulated - then it's lost already.

Thank you, the Pandemic have messed up things, me and client was planning to fly into Russia as broker is based there, several emails no response no more.

HA HA You make me laugh.
There are no brokers in Russia !!!
I myself trade through an Australian broker from Russia.
JapaneseGroupFx
forex_trader_1153031
Mitglied seit Feb 28, 2020   77 Posts
Apr 09, 2020 at 09:22
Xazvier posted:
I think they are toying with you, cause that is a lot of amount.

We are planning visiting once pandemic slows down, its best visiting some said
Mitglied seit Apr 29, 2018   37 Posts
Apr 09, 2020 at 15:38
JapaneseGroupFx posted:
Xazvier posted:
I think they are toying with you, cause that is a lot of amount.

We are planning visiting once pandemic slows down, its best visiting some said

There are no forex brokers in Russia!😲
 You tell tales.😀
If not, write the name?
Mitglied seit Dec 28, 2019   19 Posts
Apr 16, 2020 at 19:10
If the broker bases in Russia really - you really can forget about your money simply, that's my only advice to you absolutely and entirely anyway. I do hope we still could make something better, but better to fly here locally if amounts are so big like that.
Mitglied seit Feb 18, 2020   19 Posts
Apr 17, 2020 at 12:32
court? but it's almost impossible. try to think before investing money with certain broker.
also my advise - do not invest ALL your money into 1 broker. have 3-4 or even 5 brokers. that way you will secure yourself and in case one broker will dissapear - you will be totally fine.
good luck.
Mitglied seit Apr 23, 2020   1 Posts
Apr 23, 2020 at 15:25
I wouldn't blame other CFDs companies, where I've lost some money due to my lack of knowledge and confidence in trading a few years ago. I was just a beginner and was ready to lose. But my 'bad luck' just continued with other regulated brokers like 24OPtion and Bdb, which made me deliberately invest, trade, and invest more in order to trade...until I ended up losing over 220k. Despite the fact, we had signed a contract and agreement about all my investments being insured and secured, my manager, who had traded with me, made my account less for 30k in a week time. After he understood, that I had no more money to add, he and other employees emptied my account within 3 weeks!! It became a torture for me in trying to catch a living person on the phone or skype. I made several withdraw attempts and all of them were ignored.
Chargeback, that could've had been done if I didn't send the broker my IDs and signed the contract would be much easier to make. And it wasn't my case!!
Took me long two years to find a legit company with quite strong lawyers, who would be able to find a true beneficiary aka Bdb owner, gather undeniable evidence in a scam and make a pretrial agreement with'em.
Needless to say that the services of Scamconsulting SCC cost me quite a lot, but that was the price for my own stupidity and the lesson! My conclusion is THERE ARE NO CREDIBLE and RELIABLE BROKERS!!
Mitglied seit Apr 04, 2020   38 Posts
Apr 23, 2020 at 17:11
Hi,
Actuary its very bad situation when a broker doing to fraud with you. You can follow some rules for get back your found
Traders try in various ways to “fight” for stolen, in their opinion, funds, including hiring lawyers and lawsuits on offshore islands. The only effective option for the return of the deposit is the chargeback - a forced transaction reversal initiated by international payment systems.

Hope its helpful for you.

Thank you..
Mitglied seit Mar 03, 2020   6 Posts
Jun 19, 2020 at 04:00
Hey. It depends what broker did you use. Some of the brokers (shady ones) just ignore you after they get everything they need. Chose wisely, your broker is a ticket to the bright future you've been dreaming about. Luck fam.
Mitglied seit Jun 15, 2020   59 Posts
Jun 23, 2020 at 10:55
It seems like you have got along with some fraudulent broker. Honestly speaking, there is least possibility that you are getting your money back from the broker. The best you can do here is to be sure that the next broker you connect with should be a reliable one. Always beware of Forex scams and save yourself and your money from it.
Mitglied seit Feb 22, 2011   4862 Posts
Jun 23, 2020 at 11:37
Sounds like pure nonsense
Mitglied seit Jul 23, 2020   759 Posts
Sep 29, 2020 at 17:06
Louis111222333 posted:
I believe that you fell to dishonest brokers, and your account is lost forever.
You are right. He is the victim of scam broker. Think carefully before choosing any broker.
Mitglied seit Jul 20, 2019   373 Posts
Sep 30, 2020 at 09:12
JapaneseGroupFx posted:
Traded a account of a person through October to February 25, initial deposit 12k, withdrew only 18k jenuary, continued with 36k left after withdrawing 18k, built the 36k to over 165k by Feb.25, requested 100k withdrawal, broker refused to honour and terminated the account, with excuse account was opened with invalid id card.

How can we get our funds back? Access to account now completely terminated.

That's why you always should trade on your own and not for others. Same goes for investors: never let anyone trade for you on your own trading account. Banks, liquidity providers and brokers can see that and might stop your account because of breaching their T&C's (most-probably because of the international anti-money-laundering law). You also can't go to a bank to withdraw huge amounts of money from a foreign bank account, which is not on your name. All names must always be the same and correct ones: trader, bank account or card holder, the names of deposits and withdrawals; all needs to be verified and the same.
patience is the key
Mitglied seit Jul 20, 2020   341 Posts
Sep 30, 2020 at 18:24
A broker is the most important element for a trader to trade in the forex market. Many traders lose their money because of choosing the wrong broker. So, be careful when you are going to choose a broker for you.
Mitglied seit Jun 23, 2020   34 Posts
Oct 14, 2020 at 07:40
If withdrawals are a problem, chances are that you have been scammed. From next time onwards, use only a broker with a credible history of withdrawal processing. Try Fxview or XTB. These are European brokers I’ve been using without any withdrawal or order placement hassle.
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