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broker withdrawal issues
Sep 01, 2023 at 05:13
Vistas 955
9 Replies
Sep 01, 2023 at 05:13
Hello fellow traders,
I have been trying to withdraw my deposit from the broker and it has been a few months with many emails going back and forth. I am getting worried at this stage and trying to find ways to recover my funds. Any guidance/suggestions would be appreciated in dealing with this type of broker. If I have to get a lawyer, suggestion would be appreciated.
Thanks
I have been trying to withdraw my deposit from the broker and it has been a few months with many emails going back and forth. I am getting worried at this stage and trying to find ways to recover my funds. Any guidance/suggestions would be appreciated in dealing with this type of broker. If I have to get a lawyer, suggestion would be appreciated.
Thanks
Sep 01, 2023 at 07:42
Pan1234 posted:
Hello fellow traders,
I have been trying to withdraw my deposit from the broker and it has been a few months with many emails going back and forth. I am getting worried at this stage and trying to find ways to recover my funds. Any guidance/suggestions would be appreciated in dealing with this type of broker. If I have to get a lawyer, suggestion would be appreciated.
Thanks
Never had such issues with Hotforex despite that I used some risky strategies like latency and swap arbitrage. Did you check regulation of your broker? What is the reason they reject your withdrawal?
Sep 04, 2023 at 06:51
bardachok posted:Pan1234 posted:
Hello fellow traders,
I have been trying to withdraw my deposit from the broker and it has been a few months with many emails going back and forth. I am getting worried at this stage and trying to find ways to recover my funds. Any guidance/suggestions would be appreciated in dealing with this type of broker. If I have to get a lawyer, suggestion would be appreciated.
Thanks
Never had such issues with Hotforex despite that I used some risky strategies like latency and swap arbitrage. Did you check regulation of your broker? What is the reason they reject your withdrawal?
They kept delaying for 5 months. They said they will transfer via email but did not transfer. I am not sure how to check the regulation of the broker. They are registerd in St Vincent and Grenadine and Vanuatu and branch offices in differet countries. Any guidance would be appreciated.
Thanks
Miembro desde Jul 14, 2023
posts 2
Sep 06, 2023 at 12:43
" They are registered in St Vincent and Grenadine and Vanuatu and branch offices in different countries."
Some nasty brokers use this address and some are decent. Ones with high leverages and also no real id verification for your account creation tend to do so.
Some nasty brokers use this address and some are decent. Ones with high leverages and also no real id verification for your account creation tend to do so.
Miembro desde Aug 22, 2023
posts 5
Sep 06, 2023 at 15:04
Pan1234 posted:
Hello fellow traders,
I have been trying to withdraw my deposit from the broker and it has been a few months with many emails going back and forth. I am getting worried at this stage and trying to find ways to recover my funds. Any guidance/suggestions would be appreciated in dealing with this type of broker. If I have to get a lawyer, suggestion would be appreciated.
Thanks
Keep trying to get your deposit back. Well, while you're looking for a lawyer
Miembro desde Aug 19, 2021
posts 203
Sep 20, 2023 at 13:52
Oh do you have proof?? It is pure talk without any evidence. No offense. Maybe you can send us a correspondence about how they justify not returning the money??
Nov 08, 2023 at 10:21
Pan1234 posted:bardachok posted:Pan1234 posted:
Hello fellow traders,
I have been trying to withdraw my deposit from the broker and it has been a few months with many emails going back and forth. I am getting worried at this stage and trying to find ways to recover my funds. Any guidance/suggestions would be appreciated in dealing with this type of broker. If I have to get a lawyer, suggestion would be appreciated.
Thanks
Never had such issues with Hotforex despite that I used some risky strategies like latency and swap arbitrage. Did you check regulation of your broker? What is the reason they reject your withdrawal?
They kept delaying for 5 months. They said they will transfer via email but did not transfer. I am not sure how to check the regulation of the broker. They are registerd in St Vincent and Grenadine and Vanuatu and branch offices in differet countries. Any guidance would be appreciated.
Thanks
It's a very cheap and easy-to-access regulation it's highly likely you will not get your money back and unfortunately it's hard to take legal action against firms with such regulation.
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