Market manipulation?

I transfer USDT to a broker.
Broker helps with inside trade, tells when to buy and when to sell. or vice versa.

When I want to withdraw the funds, the broker says pay my 5% commission. I tell broker, to deduct from profit and transfer the balance, he refuses.

I request for security, he states all my funds are with MT5? what does he mean?

As per the Broker:
Your funds remain in the MT5 foreign exchange market.
Since you exceeded the appointment time, your total funds are now temporarily withheld by MT5.
You need to provide your ID information and your Binance withdrawal address, and I will help you submit the verification and confirm that you are the one who operates the withdrawal. Before that you need to pay for my services.

That sounds like nonsense. Yes I know brokers have fees for deposits and withdrawals. But what are the withdrawal fees in MT5? Or did I misunderstand you,dude?

Is this some kind of joke? It cannot be!

vamose posted:
I transfer USDT to a broker.
Broker helps with inside trade, tells when to buy and when to sell. or vice versa.

When I want to withdraw the funds, the broker says pay my 5% commission. I tell broker, to deduct from profit and transfer the balance, he refuses.

I request for security, he states all my funds are with MT5? what does he mean?

As per the Broker:
Your funds remain in the MT5 foreign exchange market.
Since you exceeded the appointment time, your total funds are now temporarily withheld by MT5.
You need to provide your ID information and your Binance withdrawal address, and I will help you submit the verification and confirm that you are the one who operates the withdrawal. Before that you need to pay for my services.

This is definitely a scam. That's the problem with all crypto deposits - if you see that the broker accepts only crypto you should stay away since there are no legal means to recover the funds if you sent it to some address.

If what you say is true, it's terrible. Tell everyone about broker. Let everyone know who not to mess with. Or was your issue resolved in your favor and your money was returned?

Yeah. But why does he stop answering?? I suppose the conflict is over.

Did you meet this person on a random whatsapp chat asking you for MT4 or MT5?
Please avoid people who just keep asking 'do you have mt4/mt5?' LOL

1st of all, no forex broker will actually give trading signals (it's against regulations).
2nd, if you opened the trading account yourself with your name and contact info, you can make a withdrawal anytime

Haha this is a whole lot of nonsense, there is no insider trading you are probably getting good signals.

This situation seems concerning. It's unusual for a broker to withhold funds and ask for additional payment for services. MT5 usually refers to MetaTrader 5, a trading platform. Exercise caution; ensure the broker's legitimacy and seek advice from financial authorities. Don't proceed without proper verification.

What is the name of the broker? I ask so as not to use them if fate suddenly forces me to change broker.

I'm sorry to hear about your experience. It sounds concerning. Be cautious of brokers demanding commissions without clear explanations. Ensure you understand all terms before proceeding.

What country is the broker registered?

Where is market manipulation? It seems like broker's manipulation...

Some broker try to take extra money from investors.. Its their nature.

We would appreciate knowing which broker that is, so that we can never try them :D.

A broker charging a high commission, especially without allowing you to deduct it from your profits, is unusual and may indicate unethical behavior. It's essential to carefully review the terms and conditions of your agreement with the broker to understand any fees or charges involved. MT5 refers to MetaTrader 5, a popular trading platform used by many brokers for trading forex, commodities, and other financial instruments. However, the claim that your funds are 'temporarily withheld by MT5' seems suspicious and unclear. It's unlikely that MT5 itself would withhold your funds; instead, it's more likely that your broker has control over your funds.

vamose posted:
I transfer USDT to a broker.
Broker helps with inside trade, tells when to buy and when to sell. or vice versa.

When I want to withdraw the funds, the broker says pay my 5% commission. I tell broker, to deduct from profit and transfer the balance, he refuses.

I request for security, he states all my funds are with MT5? what does he mean?

As per the Broker:
Your funds remain in the MT5 foreign exchange market.
Since you exceeded the appointment time, your total funds are now temporarily withheld by MT5.
You need to provide your ID information and your Binance withdrawal address, and I will help you submit the verification and confirm that you are the one who operates the withdrawal. Before that you need to pay for my services.

Whats the brokers name?

I rely on reputable brokers with transparent pricing and regulation to minimize the risk of encountering manipulation. Additionally, I remain vigilant for suspicious price movements and unusual trading patterns, adjusting my strategies accordingly.